Dragon Options is an established binary options broker owned by Dragon Options Ltd, located at 365 St. Andrews Street, Efstathiou Court, 1st Floor, Office 101, Limassol, Cyprus. Their UK phone number is +44-20-3411-1102.
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Trading Platform Review
They use the very popular SpotOption platform, which means they also have iTunes & Android trading apps, see here. They offer over 180 assets to trade, including Rosneft, Yandex & USD/RUB. They offer 60 second options, options builder, one touch options, and they have the black dragon option.
The minimum deposit to open an account at Dragon is $200. The payment methods they accept are: QIWI, Webmoney, Wallet One, Moneta.RU, Skrill, CashU & of course Visa / Mastercard and Wire Transfers.
The minimum trade size is only $5, one of the lowest in the industry.
Dragon Options works with a variety of signal providers. They have a special relationship with VIP Signals, and they offer their traders free signals.
WARNING: There are many bad trading robots promoted online, read more about trading robot scams.
The only automated trading robot that works is the Binary Option Robot, see details.
Dragon Options License
What we look for in binary option brokers to determine if they are a legit broker or a scam broker is very simple. Did a regulator body like CySEC in Cyprus give them a license and do they fall under the MIFId regulatory rules in the European Union (EU)?
What you may read about Dragon Options prior to them receiving their license would be a different story. They received their license from CySEC on January 24th 2014, license #223/14. Now that they are licensed and regulated, they answer to the CySEC.
Click here to view details of Dragon Options Regulatory Oversight. They do not allow traders from the United States because they are regulated by CySEC.
This means that Dragon Options is a legitimate binary option broker. Dragon Options is not a scam broker!
The benefit of using a broker like Dragon Options is that since they are regulated, if you have a complaint about Dragon Options, you can just go here, fill in the form, and it goes directly to their regulator CySEC.
Compare Dragon Options
Many brokers use different trading platforms and offer unique features.