MagnumOptions Broker Logo

Magnum Options Broker Review

An affordable powerhouse of a binary options broker that allows all types of traders to experience the thrill of online trading.

4
Fast, Secure Payments with: Skrill »

Key Features

  • Up to 81% Returns
  • 10% Out of Money rebates
  • Easy to use interface
Magnum Options Site
Open a Free Account & Start Trading Today with Magnum Options
Trading binary options involves substantial risk and may lead to loss of all invested capital

Magnum Options Review & Platform Overview

Powered by SpotOption, Magnum Options trading site gives you the chance to test out your trading skills on a platform dedicated to making everything simple. With a whole range of financial assets to choose along with short term, long term, and 60 seconds trades it’s no wonder why their traders give glowing reviews.

They give new traders the opportunity to try out different strategies with a minimal $€£5 per trade one of the lowest in the industry. You get a wide range of basic and advanced educational material to choose from to help you advance and make your portfolio profitable. You also get up to 81% returns on each bet and up to 10% out of the money returns on losses, which helps.

Magnum Options are a global platform which is growing from strength to strength each month. With dedicated mobile apps for iPhone and Android also featuring the full functionality of the desktop site, so you don’t miss an thing no matter where you are.

Website
https://magnumoptions.eu
Established
2013
Based In
Gibraltar
Platform
Browser, Mobile Site, Android & iPhone Apps
Mobile Specific Trading
Yes, Android & iPhone App
US Traders
Yes
Account Currencies
USD, EUR
Languages
English

Financial Assets & Expiry Times

When it comes to choosing your assets expiries Magnum Options have you covered. With short expiry times including 15 sec, 30 sec and 60 seconds for impatient high risk traders ranging up to 15 mins, 1 hour, daily and weekly for the more patient strategies.

However your choice of assets is pretty limited with only 7 commodities, 19 stocks, 12 currency pairs and 19 indices to choose from. A total of 57 when we last checked which compared to Boss Capital with its 133 and 24Options' 108 is quite small but ever growing.

Option Types
High/Low, One Touch, 60 Seconds
Option Expiry Times
15sec, 30sec, 60sec, 2min, 15min, 30min, 1hr, 24hr, weekly
Underlying Assets
19 Stocks, 7 Commodities, 12 Currency Pairs, 19 World Indices

Up to 81% Returns

Again Magnum Options returns are not the highest percentage on the market with only 81% averaging out at around 75- 77%. This compared to Boss Capital giving you 85% and Grand Option providing much higher at 89%.

But what you do get here are 10% out of the money returns on your lost trades. Which is a small consolation granted but better than a complete loss.

In the Money Returns
70% up to 81%
Out of the Money Returns
10% Rebates
Minimum Trade
5$/€/£
Max. Trade
$1,000

Secure Deposits & Withdrawals

An industry average seems to be around the 200 minimum deposit mark in EUR, GBP, USD, CAD, AUD or 20,000 JPY. And Magnum Options minimum deposit is no different, but has a low minimum trade of only $£€5. They allow you to bank quickly with an easy to use form and interface.

When you choose to make your first deposit, you can select to use Visa, Maestro, Mastercard, Electron, Amex, Diners Club, CashU or transfer your funds via wire transfer. We would have liked to have seen some e-wallets in there with the likes of Skrill to give a complete selection.

When it comes to get your winnings out of your Magnum Options account you will need to verify your identity with a photo ID, utility bill or a copy of your credit card with the appropriate info excluded if using that method.

Once you have done that and it can take up to 3 business days to process your request for withdrawal and then a further 5-7 for the money to show in your bank account. Not exactly the fastest withdrawal procedure on the planet and something to definitely improve upon. But you know your money will be safe and secure here.

Minimum Deposit
200 USD, 200 EUR, 200 GBP, 20,000 JPY
Deposit Methods
Visa, Mastercard, Maestro, Wire Transfer or Amex
Regulated
No
Withdrawal Time
5-7 business days
Documentation Needed for Withdrawal
Photo ID and utility bill

Customer Support & Services

With 24/7 customer support for all traders there's a reason why new and old traders like to start trading binary options here. With friendly, knowledgeable staff providing you with all you need whether you prefer to contact via Live Chat, Email or Phone they have you covered.

Along with efficient support they also offer many educational resources for you to choose from, including an in depth FAQs section answering the more basic questions for new traders.

  • Email: support@magnumoptions.com
  • Phone Toll Free: UK
  • - 0800 6800683
    USA/Canada - 1800 986 6891

Support
Live Chat, Email, International Phone Numbers
Live Chat
Yes - 24/7
Support Email
Support@magnumoptions.com
Support Languages
English

Mobile Trading Apps

If you visit MagnumOptions.com from your mobile or tablet you won't see a mobile specific site instead you will have to download the Magnum Options iPhone or Android app from the Apple or Google Play stores. This will give you full access to all that their feature rich trading platform has to offer in the palm of your hand.

You can deposit, open and close trades, check the live trading charts and view your trading history all on the go. We have to say it does what it says on the tin and is a great platform to use no matter what device you prefer.

Magnum Options Mobile Trading Site
Magnum Options Mobile Trading Site
Open a Free Account with Magnum Options »
Investors can lose all their capital

Free Tools & Trading Features

With Magnum Options trading platform you get access to a whole range of learning material to choose from. From the basics of what are binary options and market analysis to advanced trading strategies and more in depth technical analysis of charts and recognising patterns.

You also get access their trading ebook with more tips for successful trade options.

Not only that but their platform is all about making trading simple, easy and removing the clutter that can distract and complicate. With that in mind they offer you their Option Builder where you can build your own options allowing for more flexibility with your strategies. Probably more beneficial to more experienced traders who have experience with the different markets.

Demo Account
- On request
Platform Features
- Option Builder
- 60 second binary option trades
- Pair trading
- Free iPhone & Android trading apps
Free Tools
- Trading E-Book
- Basic & Advanced Articles

Review Conclusion

An impressive binary options site that gives everyone the chance to start trading no matter their experience levels. With a low minimum trade of just $€£5 plus up to 10% out of the money returns it's an affordable and potentially profitable experience trading here.

However no site is without its downfalls, an e-wallet like Skrill would be great for faster deposits and withdrawals along with a few more site languages to make it accessible to more worldwide. But they do offer US traders a place to try out their binary options skills online along with many learning materials for everyone to take advantage of.

Click the button below to start your Magnum Options binary trading experience today.

Start Trading with Magnum Options »
Investors can lose all their capital
Cons
- Small amount of languages
Pros
- Low minimum trade 5$/€/£
- High profits up to 81%
- Out of the money returns up to 10%
- Free learning material
- Intuitive trading platform
Binary Option Insights | Rating 4

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