TopOption Officially Closed on May 1st 2017
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TopOption was a binary options broker owned by Leadtrade Ltd, located at Treppides Tower, 5th Floor, 9 Kafkasou Street, 2112 Nicosia, Cyprus. Their phone number in the United Kingdom is: 800 170 0124 and in Italy +39 06 4522 6949. The email address for withdrawals is [email protected].
TopOption rolled out their new trading system made by the TradeSmarter software company in 2016. This trading system is extremely easy to use and it have built in “Social Trading” features. When you first create your account you will be asked to setup your social profile. You have 2 web based trading platforms you can use, the simple one and then there is TradePro, which is much more advanced, and in our opinion a better one to use.
They offer you more than 100 assets to trade, including some of the most popular stocks, commodities, market indices and forex pairs. They have 30 sec, 60 second, 2 minute and 5 minute options. Returns vary depending on the asset and time of day between 50% and 90%. The minimum initial deposit for a new account is only $100.
TopOption License & Regulations
The most important thing investors look at a when reviewing a binary options broker to determine if they are a legit, or just another scam broker is simple. You want to know if a government financial regulator like CySEC in Cyprus, HCMC in Europe or Australia’s ASIC gave them a license.
TopOption is owned by Leadtrade Ltd, and they are licensed by CySEC in Cyprus with license number 296/16. See here full details of TopOption’s regulatory oversight & licenses.
You can find all licensed broker listed here.
Binary option traders have a few other licensed brokers they can trade with.