Basic Information
Founded in 2014 and headquartered in Malta, Option888 is a binary options broker that is not currently subject to any effective regulation.
Safety Analysis of Option888
The safety of a broker is determined by whether or not it is properly regulated, and the fact that Option888 is not currently regulated means that investors' trading activities and funds are not effectively protected on this platform.
Market Instruments
Option888 offers investors hundreds of trading assets, mainly including the most major currency pairs, stocks, commodities, oil, gold, binary options, and indices.
Leverage & Accounts
Option888 offers investors only one standard account with a minimum deposit of $200 and a maximum of $5000. The minimum trade size is $10, and the maximum trade size is $1000. Option888 also offers a demo account with $500 play money. Moreover, option888 also offers a welcome bonus program where new traders can get a 30% welcome bonus of their first deposit, up to $1500.
Trading Platform Available
Option888 provides traders with a 100% browser-based trading platform - Tradologic, not MT4/MT5.
Deposit and Withdrawal
Option888 supports traders to deposit and withdraw funds to and from their investment accounts via VISA & MasterCard credit cards, wire transfer, Skrill, and Paysafecard, without mentioning if there is a withdrawal fee.
Summary
The main disadvantages of option888 are:
1. No regulation
2. One type of trading account only
3. No US clients
4. Lack of advanced trading charts
5. Non-MT4/MT5 trading platforms
6. No information related to spreads and commissions
2023-03-30 10:41
