Dragon Options is closed.
All Trading Accounts Were Moved to Rainbow Forex!
Dragon Options was a binary options broker owned by Dragon Options Ltd, located at 78 Griva Digeni, 3031, Limassol, Cyprus. Their phone number is: Cyprus; +357 2503 0407.
Trading Platform Review
While reviewing Dragon Options we see that they are very popular with traders from Russia and Ukraine. Their platform is available in English and Russian. They use the very popular SpotOption platform, which means they also have iTunes & Android trading apps. 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)?
Dragon received their brokers license from CySEC on January 24th 2014, license #223/14. 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, not a scam broker. The benefit of using a licensed broker like Dragon Options is that since they are regulated, if you have a complaint, 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.
HighLow (read review) is an Australian licensed binary options broker that gives you a free demo account, see here. The minimum deposit is only $50, and their platform gives up to 200% returns, read more.