GoOption Review

A Review of GoOption 2013

Introduction

Catering primarily to the French-speaking parts of the world, GoOption is a binary options brokerage brand which uses the SpotOption white label brand.

 Sign up to GoOption.com Now and Claim a $100 Deposit Bonus!

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Payouts and Expiry Times

Traders using GoOption can expect the following payouts:

a)    The Call/Put, 60 Seconds and OptionBuilder trades give a payout of between 65% and 85%. The final payout figure will depend on whether the trader used the Early Closure function and the amount of loss return used on the trade. The expiry times start at 15 minutes and end in 1 day, except for the OptionBuilder which allows traders to set their own trade expiry times according to the time on a clock in a 24 hour period.

b)    The high yield trade which is known as the OneTouch option, pays out 400% on the average every week for successful trades. 

Bonuses and Promotions

There are bonuses to be earned and promotions to be gained from when dealing with GoOption:

a)    Welcome Bonus: This awards 100% of the deposited sum to all new traders on GoOption.

b)    Special Bonuses: These include the $50 Refer a Friend bonus for those who can refers a trader who opens a live account with $100. Another special bonus is the 100 Euros Facebook bonus for those who “Like” GoOption on Facebook.

 

Asset Index

The assets that are available for trading on the platform of GoOption are:

a)    Commodities: Gold, silver, oil, platinum, wheat, sugar, coffee.

b)    Currencies: EURUSD, GBPUSD, EURJPY, GBPJPY, USDEGP, USDRUB, USDZAR, USDTRY, USDSGD, EURGBP, AUDUSD, USDCAD, EURTRL, USDCHF, USDBRL, NZDUSD, AUDUSD.

c)     Indices: MICEX10, TOPIX, Tel Aviv25, Straits Times, Nikkei 225, KL Future, SSE180 (Shanghai Stock Exchange), Hang Seng, Bombay SE, MSM30 (Oman), RTS, ISE30 (Istanbul), FTSE100, Tadawul, DSM20 (Qatar), Dow, S&P500, NASDAQ, DAX, CAC40.

d)    Stocks: SAB Miller, IBM, Nissan, Petrobras, S.Bank India, Teva Pharma, Tesco, Turkcell, TATA, Toyota, HSBC Holdings, Coca Cola, BP. Lukoil, Gazprom, Nike, Apple, Microsoft, Sberbank, Citi (US).

 

Trade Tools

Here are the trade tools on GoOption that can be used for general trading as well as for technical and fundamental analysis.

General

There is a mobile version of the GoOption website which is accessible from any mobile phone or tablet device that is connected to the internet. This increases the spread of the usage of the GoOption mobile platform beyond smartphone users.

Live account holders can also get access to the GoOption demo account.

Technical

Learn technical analysis binary options style from GoOption’s educational centre which features a free Trade Manual, an online video tutorial as well as a binary options ebook. 

Fundamental

There is a section on financial news that can be accessed on GoOption’s home page.

 

Deposits and Withdrawals

The following methods of transaction are available on GoOption:

1)    Credit card/debit card: Cards accepted are those issued from MasterCard, VISA, and Maestro.

2)    E-wallet: WebMoney and Carte Bleue are the two e-wallets accepted on GoOption.

3)    Bank wires

Traders can maintain accounts on GoOption in Japanese Yen, US Dollars or Euros.

Minimum Deposit

The minimum deposit amount is $100 or 100 Euros or its equivalent in Japanese Yen for deposits made with credit cards and e-wallets, but $500 for bank wires.

 

Maximum Deposit

Deposit limits will depend on the method used to fund the account. The limits are $5000 for credit card deposits, $10,000 for Western Union and unlimited amounts for bank transfers.

Min Investment Amount

All it takes to invest in a trade on GoOption is $25.

Max Investment Amount

Traders can deposit as much as $1000 into a single trade, but not a penny more.

Deposit Information

Cards must be verified before usage on GoOption.

Withdrawal Information

The minimum withdrawal amount is 100 USD or Euros.

Sign up to GoOption.com Now and Claim a $100 Deposit Bonus!

Customer Support

Customer support on GoOption can be done via live chat and also by email. The trader has to select the specific department to be contacted using the drop down option on the contact form that serves as the email facility before sending or questions or requests.  

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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