Option500 is a binary options broker owned by Global Processing Solutions LP. Option500 is located in the Commonwealth Of Dominica at Corner of Great Marlborough And Great George Street, C&H Tower, 3rd Floor, PO Box 2320, Roseau, 00152.
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Option500 offers binary options on the TradeSmarter trading platform. This trading platform offers a wide range of assets in currencies, stocks, commodities and indices. They basically have high/low options and and high speed trading at 60 seconds. The returns on the $EUR/USD pair is about 70%. The broker is available in English, German, Italian and Arabic, and they have mobile apps for both Android and iOS.
Option500 gives new traders bonus money of 50% or risk free trades. It is important to understand the terms and conditions of receiving a bonus. You will be required to trade 30 times the bonus amount before you can withdraw your deposit. The minimum deposit for an account is $250.
The Scam Broker Investigator has reviewed more than one hundred brokers to determine which ones are legit and which ones are a scam. The main criteria to determine a broker legitimate is to see if they have a license from CySEC. You can see a complete list of licensed and regulated brokers here.
Option500 is not a licensed broker.