TopOption have ceased all operations. Please visit our recommended trading brokers list.
We heard that Markets.com, the popular Forex and CFD broker, had branched out into binary options, so we decided to check it out. If you navigate to Markets.com and look for binary options trading, you won’t actually find it. The reason for this is that the company decided to create a new brand specifically for binary options trading, and that brand—and website—is TopOption.com. When you visit the TopOption website, you will see “Powered by Markets.com” on the upper left under the logo and motto “Trade your way to the top.” Let’s take a closer look.
Quick Details about TopOption
- Official Website: http://www.topoption.com/
- Account currencies: USD, EUR, GBP, CAD, JPY, ZL
- USA traders: No
- Low minimum deposit: $100
- Minimum trade size: $10
- Maximum trade size: $2,500
- Average payout: 85%
- Out-of-money refund: 0-10% (adjustable)
- Numerous types of options available to trade.
- 160 assets available to trade
- Platform: Markets.com (proprietary)
- 1st Binary Broker With Full EU Regulation
Step 1: Account Creation
To begin trading on TopOption, type in your information in the “Join for Free” box you see on the right-hand side of the screen. Then click the big red button that says “Start Trading” (you will notice underneath it a welcome bonus offer of up to €2,500. You will be taken to a second page where you need to put in a password and phone number. Hit “save and continue” and verify your email address. You will then be able to go to the deposit page.
Step 2: Funding Your Account
All you need to deposit to start trading on TopOption is $100 or the equivalent in a currency of your choice. This makes TopOption one of the top choices for traders with small bankrolls! You can use your credit or debit card, wire transfer, WebMoney, or FastWire.
Usually we do not recommend that you start trading with the minimum deposit, but we can make an exception for TopOption. Why? Most binary options brokers have strict withdrawal thresholds and fees in place. If you try to withdraw less than the minimum threshold (typically set at $100 as well), you will be unable to get your money. Depositing more gets you around this issue if you should lose some of your trades.
With TopOption, you do not even need to worry about this! There are no deposit or withdrawal fees, and no minimums. The only fee that TopOption charges is a $5 inactivity fee if you do not trade within 90 days or more. This is really quite excellent, and makes for friendlier terms and conditions than the majority of brokers.
Trading Binary Options on the TopOption Trading Platform
Now it’s time for fun and profit! Once you have deposited money into your account, you can start trading (note that there is no demo account mentioned on the site, but many reviews mention one, so this is something to talk to a customer service agent about if you are interested in practicing with virtual funds first).
The trading platform that TopOption uses is proprietary, developed by the parent company Markets.com. You will see that it looks a lot like SpotOption, the software that powers most binary options websites. It is easy to find your way around the interface, and trading on the site is very intuitive. Mobile apps are not yet available, but they are under development for Android and iPhone.
Types of trading available:
- Option Builder
- One Touch
- 60 Seconds
- Pro Option
High/Low trading on TopOption.com is available under the “Binary Options” tab. High/Low trading, also called Up/Down or Call/Put, is the most basic type of binary options trading. The platform makes it very easy to understand. For a given asset, you will see a question, for example, “Will EUR/USD go up or down?” All you have to do is pick “Up” or “Down.” If you win, you get the payout (up to 85%). Pairs trading is available under High/Low as well.
This is like the Option Builder feature which is popular on the SpotOption platform. It is basically a High/Low trade, but you get advanced customization, and can select features for your trade such as your expiry time. Option Builder gives you more control over your trades, empowering you to success.
Want to win some massive payouts? With One Touch trading on Top Option, you can win payouts as high as 560%! If you believe a particular asset will reach a given target price within the expiry time, and you are right, you win. It’s that simple—and that lucrative!
If you want to get into the fast lane, 60 Second options are for you. These are just like standard High/Low options, except that all expiry times are just 60 seconds. Enjoy the fast-paced action as you wait just one minute to find out if you win or lose.
This is akin to the “Open Platform” you may have worked with on a SpotOption website. When you click on Pro Option, an advanced chart will open up where you can get a much better look at what price is doing. This is a helpful feature for planning trades, though it is still a good idea to download charting software.
Trading and Educational Features Available
- Double up
- Early close
The features above can help you to control your trades and make more money. The features below can help you to learn how to trade and make the most of your TopOption experience:
- Video tutorials
- Market indicators (guide)
- Market news
Is TopOption a Good Broker?
With Markets.com operating this site, the answer is a resounding yes. Markets.com has a strong and well-established reputation in the trading world as a trustworthy company. TopOption is regulated by CySEC, license number 092/08, making them one of the few regulated binary options brokers out there. If you have ever traded Forex or CFDs on Markets.com, you know that Markets.com provides a great platform. At TopOption, customers can enjoy the same sterling quality of service and reliable experience while trading binary options.
Visit TopOption.com today and start making money trading binary options.