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A full regulated binary options broker that gives advanced and beginner traders a safe environment to start trading online with an up and coming binary trading platform.
If you are looking for a highly advanced trading platform with a huge array of trading features and number of assets to choose from then we suggest you take a look at Banc de Binary.
If however you are a new binary options trader looking for a simple trading platform to test out your binary options strategies and skills on a smaller budget and looking to learn more, then read on further in our Grand Option review.
You might not get all the fancy trading features or a big choice of assets to choose from (only 76 at last count) but what you do get is a solid binary option broker with the ability to hold your hand as you go. Tailored more towards the beginner traders (even though it does have a variety of trading accounts which we will get to in a minute) this broker simplifies the trading experience.
You can easily narrow down your underlying asset of choice, choose between high/low or short term trades like 60 seconds and see your trade history. The initial trade chart shows an overview of the current option, but if you want to do a bit more technical analysis you can with a button at the top right of the chart. This gives you a whole host of options to get to the heart of how the underlying assets prices rise and fall.
With a little time this Grand Option broker can grow to be a top contender in the market but at the moment many traders looking for enhanced functionality will quickly outgrow what it can offer.
Grand Option trading platform might not give you the most choice of assets with 8 commodities, 16 indices, 29 stocks and 23 forex pairs but it does have a good variety which should please most traders.
What they do have is a comprehensive range of expiry times including 60 second options to a few minutes, hourly, daily, weekly and monthly. This helps to accommodate those who are looking for a super quick trade to those who like to play the waiting game with longer expiries.
The in the money-returns here are up to 88% on successful trades. Which is pretty high for binary option brokers, on average you get around 81% - 84%, but unfortunately you get no out of the money returns on losing trades here at Grand Option. With the special high yield for weekend trading options you can potentially get up to around 360% payout on successful trades. But have in mind that you can lose all your capital by trading binary options.
Much like 24Option broker the minimum trade here is much higher than some at $25. If you are a beginner and are looking for small minimum trade price then you are probably better off looking at another broker like Redwood Options with $5 trades or Banc De Binary at $1 per trade.
With one of the lowest minimum deposits of many binary options brokers online at just $100, this gives trading beginners a great chance to get used to the platform and option types. However with a minimum trade of $25 you'll need a good trading strategy to make your money go further.
However if you are a big trader and know the game well then you can deposit up to $4000 and bet with anything up to a maximum of $20,000. You just need to make sure you have a sound strategy to risk that sum.
And when you do make your first deposit you'll be happy to know that the GrandOption security is top notch. With all bank transactions encrypted via SSL, plus as it is a regulated broker it has to meet the strict requirements of the Cyprus Securities and Exchange Commission.
Depending on your account status you can get a little extra.
As a binary trader you want to know that if anything goes wrong or if you have any questions there is always someone on hand to help out quickly.
With GrandOption support is there via live chat (located at bottom right of their site), phone and email should you need it. With friendly knowledgeable staff to help out if your require assistance.
There is no Grand Option mobile trading platform or dedicated app, which is a shame as in order to keep up with the big binary option brokers a mobile app or site is key. As it makes it easier to trade on the go, see how your options are doing no matter where you are.
We'll let you know if this changes with an update here if they do get a mobile broker site up and running.
If you are a beginner to trading or want to brush up on a few strategies then the Grand Option Academy has you covered.
They offer you a brief overview of some trading strategies including fencing and double bottom. Let you get to know what to look for in the economy with their leading market indicators. Not only that but they have a Video section for beginner and advanced traders covering the basics of binary options to expert courses on technical market analysis.
And if that isn't enough learning material for you then they also have a free interactive eBook and regular live webinars for you to get the most out of your money with each trade. So no matter if you prefer to trade binary options on forex, stocks, commodities or indices you'll find something for you here.
Unfortunately there is no demo account available at this time.
A simple trading platform with many features that you have come to expect from a top binary options broker. It does lack some more advanced features compared to other brokers out there but is an ideal place for novice traders to get to grips with learning how to trade online.
There is definitely room for growth with this operator. A mobile trading platform would be welcomed along with a few more option types and a lower minimum deposit. But with its high in the money returns and its a good choice for you to try out some of your new trading strategies for binary options.Start Trading with Grand Option »