EmpireOption Review

Review

EmpireOption was founded in 2010 and operates in the Uruguay WTC Free Zone which makes it able to handle U.S. clients. It has won several awards including Best Binary Option Broker 2013 and is regulated as a legitimate business under Uruguay’s commerce code.

Accounts

EmpireOption offers several account types. The Micro, with an initial investment of $200, provides weekly financial analysis and a basic instructional course. The Classic account requires a $500 investment and offers a daily financial analysis, the services of an account executive and an intermediate instructional course.

Account Types

EmpirePlus can be started with a minimum deposit of $1000 and the Preferential account requires at least $5,000 to start and offers, in addition to all that the other accounts receive, the possibility to make a $1 minimum withdrawal. The EmpireVIP is the broker’s most exclusive account and must be funded with at least $30,000.

I was disappointed that only silver and gold accounts can access a demo account.

Features

EmpireOption has a large portfolio of investment tools to ensure a full financial market experience. By offering the most profitable, simple and reliable alternatives as well as over 100 assets to choose from, they provide customers with a wide range of opportunities to fit every investor's profile and objectives.

There is a choice of different binary options. With short term options, investors can trade instantly, making the best out of short-term price changes and using volatility to reach a profitable position. 30, 60 and 120 seconds options are offered. These instant binary options are the best alternative for traders who want to increase the profitability of each trade, since they allow simultaneous trading in order to seize every possible chance provided by the market.

Long-term binary options are offered to those investors interested in pursuing solid and reliable trades as well as strategies that allow them to grow. This kind of binary option keeps it simple when it comes to predictions and it allows investors to trade within longer timeframes.

One Touch is an efficient and profitable tool for advanced and highly profitable trading. With this option, traders can place trades while markets are closed (for example, during weekends). One Touch allows a trader to seize every opportunity in order to make amazing profits --between 350% and 500%.

Pairs are the easiest way to have a direct and highly profitable participation within the financial market and allows traders to invest in the long term by reducing the risk.

The "iFollow" feature is their social feature. It enables traders to monitor the operations of the more than 500.000 EmpireOption's users and select those that make more money every day and then to place exactly the same operations that they place.

iFollow Feature

Also available for those with Plus, Preferential and EmpireVIP accounts is the Zulu Trade, one of the biggest social trading platforms available. With ZuluTrade, traders can follow and copy the best traders no matter what platform they are using.

Bonuses/Promotions

The bonus at EmpireOption is pretty average, around 30% for any deposit. The amount grows as the amount of money in the account increases. EmpireOption offers additional incentives from time to time but when doing this review, they weren’t running any.

Education

EmpireOption offers several instruments and special learning resources that they hope will help traders become experts in binary optionsby providing the knowledge they need in order to boost the profitability of their financial strategies.

Education Center

They have developed different education tools, such as videos, online courses, tradebooks, web seminars and customized classes for traders on all levels of trading experience.

An exclusive tool provided by EmpireOption, the Stimulator gives investors the chance to predic how certain financial events will affect the value of different assets. Use this cutting edge tool to analyze strategies, planning trades and keep on growing as an investor.

Financial signals are provided which indicate the best buy/sell opportunities and predict prices' behavior. This tool helps traders make profits both in the medium and long term.

There are also customized classes given by an account executive who offer advice and strategies to improve a trader’s business plan and develop a successful portfolio.

Deposits/Withdrawals

Deposits to accounts are made via Money Bookers, Skrill, Payza, Credit or Debit Card and Wire Transfer. A minimum initial deposit of $100 is required and there are no commissions or fees on first deposits.

Withdrawals are based on the account from where it is coming. The Micro account has a minimum of $200, maximum of $500 and requires 20 trades in order to qualify for withdrawal. It takes 10 working days to process.

The Plus account has a ten trade requirement, a minimum withdrawal of $100 and a max of $3500. It takes 5 working days to process. Micro accounts take 10 working days to process. The VIP account requires only 5 trades and has no minimums, maximums or cost. Withdrawals are immediately processed.

Customer Support

Chat is available during working hours and is very responsive.

Traders can also reach a customer support representative via a New York telephone number.

There is also the possibility to write questions and concerns on a ‘support ticket.’

The website is available in English, Portuguese, Russian, Spanish, French and German.

Conclusion

One of the things that impressed me most about EmpireOption is the amount of information they include in the platform without making the whole thing complicated or difficult to understand. The wide choice of different trading accounts is appreciated. However I would have liked to see a choice of a second platform such as the MetaTrader 4 platform.

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Features

Simplicity seems to be the name of the game at EmpireOption. The website is user-friendly and the registration process is straightforward. I was pleasantly surprised to find attached to the email confirmation I received following my account registration, a User's Guide with the basics on how to start trading binary options. The other educational tools, including the ebook, seminars and videos with step-to-step instructions, are also uncomplicated but are highly informative and well-defined.

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Platforms

SpotOption

EmpireOption are a 100% web based SpotOption platform with no need for any software to be downloaded. Based on this trading platform, EmpireOption provides a nice set of trading tools and options, including Roll Over, Double Up, 60 seconds binary options and Sell Now. The trading technology is modern and extra user-friendly. There are many trading tools and options and the payouts are good.

SpotOption Platform

The platform is modern and graphically attractive, making the whole trading experience a pleasure. It is available in 6 languages: English, Portuguese, Russian, Spanish, French and German and offers traders a choice of commodities, indices, currencies and stocks.

Empire uses the SpotOption platform to its full potential, offering a complete list of assets and options with some good expiries.

Mobile

EmpireOption has developed apps for Tablet and Android or iOS mobile phones. Smartphones or Tablets can be used to invest with binary options with simple, safe and intuitive software. The mobile app can be downloaded from Google Play or App Store.

Mobile Platform

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User Reviews

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