Magnum Options is a UK-based broker that has been receiving a lot of attention lately. Founded in 2010, this broker wasted no time in creating a loyal client base who praise Magnum Options for great customer support, ease of trade, a fantastic security system and much more. In this Magnum Options Review 2016, we take a look at the company’s key features to see whether they match its reputation. If you want all the information you might need on this broker, you have come to the right place – let’s get started!
Magnum Options Review 2016 | Trading Platform
The first aspect of this broker that we will cover in this Magnum Options Review 2016 is their trading platform. The procedure of creating an account is extremely simple, very quick and completely free, allowing you to start trading within only a few minutes. The trading platform is entirely web based, so you will never be required to download any custom software to trade. With over 150 tradable assets in four categories and trading modes such as Binary, 60 Sec, One Touch, Ladder, FX/CFD, Spot Follow and more, you are sure to find something that suits you perfectly. Everything here functions without any hiccups, but since the platform is based on SpotOption software, this is hardly a surprise. It is our expert opinion that, no matter how much experience you have or how you like to trade, you will be able to fully enjoy your trading experience here. Another great feature of this broker is the number of account packages, something that we will cover in the next section, so don’t stop reading just yet!
Magnum Options Review 2016 | Accounts
Magnum Options has a total of five account packages on offer for their clients – Mini (minimum deposit of USD 500), Starter (minimum deposit of USD 1000), Silver (minimum deposit of USD 5000), Gold (minimum deposit of USD 10,000) and Platinum (minimum deposit of USD 25,000). Regardless of which package you choose, you will be provided with great customer support, which we will cover in a later part of this Magnum Options Review 2016. Larger packages come with added benefits, such as academy sessions, same day withdrawal approvals and other. All in all, we are certain that anyone looking to get into the binary options business will find be very satisfied with the choices Magnum Options has to offer. These accounts are not only varied, but they offer great advantages, both for advanced traders and for those just starting.
Magnum Options Review 2016 | Withdrawal and Deposit
One vital aspect that we need to cover for this broker are the withdrawal and deposit procedures. Our experts have done this for many companies, but we were still pleasantly surprised by how elegantly Magnum Options handles this. After the standard verification procedure, clients can deposit funds via credit and debit cards (Visa, MasterCard and Maestro), Neteller and wire transfer, with more methods in the making. After your trades have been successful enough, you can start withdrawing your funds. As shown in more detail in our Magnum Options Withdrawal, this process is both simple and adaptable to your preferences. Simply submit a withdrawal request, choose a method and you will have your funds in your bank account within a very short period of time. Credit card withdrawals carry no withdrawal fee and you will get one wire transfer withdrawal per month free of charge and further wire transfer withdrawals come with a USD 30 fee attached. All of the features that we mentioned so far make up for a fantastic trading experience on their own, but we are not done yet. Read on and you will find our report on two additional key features – customer support and safety.
Magnum Options Review 2016 | Education and Support
After carrying out our analysis for this Magnum Options Review 2016, we have to say that this broker has one of the best, if not the best, customer supports we have come across. First of all, Magnum Options have gone out of their way to be available to their clients – you can reach them by e-mail, telephone or via online chat. Furthermore and as mentioned previously in this Magnum Options Review 2016, this broker has created a fantastic education system. This allows all of their clients to learn both the very basics of binary options trading, but they also have advanced courses for the more experienced traders. We went through the entirety of their education program and it was both a joy because of its elegant presentation, and a useful tool (even for experienced traders like us!). If you are new in the industry or just looking to further your knowledge on the subject, look no further – Magnum Options is the broker for you!
Magnum Options Review 2016 | Safety
The last section of this Magnum Options Review 2016 covers probably the most important trait of any broker – safety. In the end, if your personal and financial data, or your funds, are not safe, it is better to avoid binary options altogether. Fortunately, Magnum Options has a unique and robust security system. Built on the foundation of SSL encryption, backed by a team of experts that are always looking to improve on the existing system and with a Verisign certificate, the Magnum Options safety system is one of the best we have ever come across. We have covered this topic in more detail in our Is Magnum Options a Scam?, so if you are interested, head on over to that article. All that’s left now is to summarize this review and present our final verdict on this broker.
Magnum Options Review 2016 | Conclusion
To put it short, Magnum Options is a fantastic broker. We have spent a lot of time trying to find a chink in their armor, but we were ultimately left with nothing and we have to say that their clients are completely right in their praises for this broker. As stated in this Magnum Options Review 2016, this broker has a huge variety of features, an expert and pleasant staff and a great security system – all you need to trade well. Don’t hesitate; open an account with this broker and you will never look back!