There are so many brokers on the binary options market that it is often difficult to determine which broker might be the one for you. Despite the possible differences in approach, there is one thing that no broker or trader can afford to ignore – security. Is Magnum Options a scam? We will take a look at this key element to determine whether this company is a broker we can recommend. Not to waste any of your time, let’s get started!
Is Magnum Options a Scam? | Platform
The first that can tell us is Magnum Options a scam is their trading platform. Opening an account with this broker took us no more than 5 minutes, and after that we were free to start trading. It came as no surprise to us that the platform is entirely web based and we did not have to download or install any custom software. The broker offers over 150 tradable assets, divided into indices, stocks, commodities and currency pairs. Trading options include Binary, Pairs, Long Term, 60 Sec, One Touch, Ladder, FX/CFD and Spot Follow. After carrying out a comprehensive analysis, we are happy to report that the platform functions absolutely splendidly – the prices are 100% accurate, everything is constantly updated and there are no technical malfunctions. No wonder, because this platform is based on superb SpotOption software, so you can rest assured everything will go smoothly. If you want to know find out what else this company has to offer, read our detailed Magnum Options Review 2016, but if you were to ask us is Magnum Options a scam, we would have to say no after seeing the platform. However, we have more things to examine, so don’t go away.
Is Magnum Options a Scam? | Safety
Due to the reputation of this broker, we knew that in this “Is Magnum Options a Scam?” article we would probably have to dig really deep to find a flaw in their security system. After a long series of tests and a lot of time spent on this task, we were left pleasantly surprised – despite our best efforts, we found no security issues with this broker. A robust SSL encryption, boosted by a Verisign certificate and the determination to make the security system their number 1 priority make up for one of the most secure trading experiences we have enjoyed. We carried out numerous deposits and withdrawals (which you can read more about in our Magnum Options Withdrawals), but it was at no point that we felt our money or information were in danger. So, let’s conclude this article and summarize what we know.
Is Magnum Options a Scam? | Conclusion
As a UK-based broker with a great reputation, we always knew that it would be hard to find flaws with Magnum Options’ security system. To our amazement, it proved not only hard, but completely impossible. Is Magnum Options a scam? Certainly not! Their security is one of the very best we have ever tested and it is with great conviction that we can recommend you open an account with this broker. You will not regret it!