Planet Option is Closed & Out of Business
Planet Option was a binary options broker owned by Homeland Associates Ltd, located at: 106 First Building, Victoria, Mahé, Seychelles. Processing is handled by 2PL Associated Ltd, 2 Woodberry Grove, 1st Fl, Finchley, London, N12 0DR. Their email is [email protected] and their UK phone number is +44 20 7048 3908.
When Planet Option opened in 2012, their main focus was the French speaking countries like France and Belgium. They have now expanded and translated their trading platform into English, Français, Türkçe, Deutsch, Português, العربية, Español & Русский, to accommodate demand from traders worldwide.
Planet Option Promotions
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Planet Option Platform Review
The minimum deposit to start trading at Planet is $250. They use the powerful TechFinancials trading platform, which offers 180 assets for trading!
For Forex traders they offer options on major currency pairs and additionally they offer options on exotic currency pairs like the New Zealand Dollar against the Australia Dollar! On the same trading platform as binary options, they have regular Forex trading. They offer 60 second, 2 Minute and 5 Minute options. They offer binary options on commodity futures like Platinum, Gold, Silver, Corn, Coffee & Sugar. Returns on the EUR/USD binary options are 85%.
Another great options type Planet offer is the boundary options, also known as Range Options. Boundary options are great for trading market moving events. The strategy works like this. The euro is trading at 1.3755 before a jobs report, or interest rate decision. The trader has the option to buy a boundary option predicting that in 10 minutes the Euro will be either inside 1.0750 – 1.0760 or outside. Since most economic releases cause large movements in Forex, traders love this trade. Read this article about boundary option trading.
Planet Option Licenses & Regulation
When the scam broker investigator looks at a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe. They plan on applying for a license from CySEC in Cyprus also. They do not accept traders from the United States.
Planet is currently licensed in Russia by the Financial Market Relations Regulation Center. Licensed number TSRF RU 0395 AA Vv0062.
Compare Planet Option
When comparing a binary options brokers, a few things to look at are: assets available, returns offered, and the time frames of the options. We have an extensive article here on how to compare binary options brokers.
The list of Top Rated Brokers is always updated, see here.