Magnum Options Review


Binary Options Broker Review


authorised broker marketsgear
Magnum Options

Magnum Options Overview:

Minimum Deposit $200
Minimum Trade Amount $5
Maximum Trade Amount $1000
Maximum Return 85%
Account Currency USD, EUR
Languages EN
Platform SpotOption

 

Magnum Options Review

With Magnum Options, traders don’t need to linger but just start trading now! The broker’s unique outlook and excellent expertise gives traders an insight into the assets to trade and gain on any given day. Situated in British Anguilla, the broker is a dependable one. It’s intuitiveness in dishing out new features and innovative platform is commendable.

Magnum Options Trading Platform

With a SpotOption platform, Magnum Options data stream plus execution modules have ushered a new era in options trading. The choices offered are, 60 Seconds, Long Term, Pairs, Ladder, One Touch, and customary Binary Options. The trading platform is 100% web-based possible on mobiles too, no need for any third party software. Payouts are unmistakably visible, one can monitor the remaining time using the live countdown timer.

Returns on Investments

With Magnum Options, there is a luxury of trying out 100+ tradable assets, with no margins, spreads or fees. Up to a high degree of 81% payouts are possible in each trade. If any option expires out-of-the-money, a 0 – 10% of the investment are reimbursed to the account.

Special Features

Speaking of features, Magnum Options is quite generous with it. Option Builder is a fairly new and popular system to customize own option! With Refer a Friend program, users are rewarded with monetary compensation by referring their friends. Forex Feature facilitates forex-type trades on the platform, with the safety of a binary options platform. Follow Feature is a tool for traders who desire to capitalize on trading experiences of peers.  Buy-Me-Out is for appyling stop/loss strategies by selling trades on fixed prices, used in a time frame of an hour before expiry. Besides, there are EBook, trading courses, glossary, webinars to help out.

Magnum Options Reputation

Launched in April 2013, brokerage is committed to offering the most user-friendly trading environment possible for all traders, just to make a way for their maximum profitability. The global outreach of this veteran player is commendable in today’s world.

Account Types

Magnum Options has a demo account for the traders to master the binary options techniques. or else, for live trades, a range of account types are available. Four principal account types are, Standard, Premium, Executive, Magnum Elite. The distinction between these accounts principally lie in the bonus amounts available to traders.

Magnum Options Deposit

Deposits with Magnum Options are easy, the minimum being $200. A trader can utilize multiple methods, such as credit/debit cards, wire transfer. They accept Maestro, Switch, Solo, Visa, MasterCard, Delta, Amex, Diners Club. The least amount for wire transfer is $500. Any amount beneath $500 are charged a $30 fee.

Magnum Options Withdrawal

Traders can withdraw money via credit card or wire transfer. A trader’s first withdrawal of each month is free. There is a $30 fee on every extra withdrawal. Withdrawal via credit card is also free. The least withdrawal amount is 100 EUR/100 USD depending on trading account currency. If a withdrawal request is getting processed, trader may yet discontinue it and return the funds to trading account.

Customer Support

Splendid and swift support is available in German, English and Italian. Contact options obtainable for consumers of Magnum options are live chat 24/7, email and phone support. International support numbers are offered for UK, US and Canada-based clients. International calling code are required for clients of other regions. A contact form is also provided at website.

Is Magnum Options a Scam?

As far as we investigated, the Magnum Options site is authentic and not scam. Complaints are rare, as Magnum Options is a reputable options broker. It offers a broad range of features available with legitimate option brokers. With Magnum Options, traders can access all facilities that render it a progressive brokerage. The site doesn’t disappoint traders and so there aren’t any complaints about it.

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  • Expiry Times:

    • 1 Hour
    • 15 Minutes
    • 15 Seconds
    • 2 Minutes
    • 24 Hours
    • 30 Seconds
    • 5 Minutes
    • 60 Seconds