Up to 100%
|Headquarters||Suite 50, 2 Old Brompton Road, London, SW7 3DQ, United Kingdom|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$250|
|Bonus||Up to 100%|
|Free Demo Account||Open Demo|
|Account Types||Basic, Mini, Standard, Premium, Ultra, VIP|
|Deposit & Withdrawal Methods||VISA, MasterCard, Maestro, Wire Transfer|
|Number of Assets||100+|
|Account Currency||USD, EUR, GBP, AUD|
Until 2014, the team behind AskOption has been focused on analyzing the global economy and the markets. AskOption is a binary options broker, founded by a team of professionals who have achieved the highest possible level of precision in asset prices forecasting. They provide an innovative and user-friendly trading platform, suitable for both newbies and experienced traders. If you are interested in what AskOption has to offer, read our full review.
Is AskOption a Scam?
AskOption is a binary options broker which has adopted the so called KYC Policy, or Know Your Customer. This supports their strong position against money laundering and financial fraud of any kind. AskOption applies strict rules on security. Your funds will be kept in separate accounts and will be at your disposal only. From what we found out on AskOption, we can guarantee that the broker is legitimate and you can rest assured that your investments are safe.
Review Verdict: AskOption is NOT a Scam
What Does AskOption Offer?
The philosophy of AskOption does not end with security. They have take care of diversity as well. Traders can choose between more than 100 assets available for trading in the four categories – indices, stocks, currency pairs and commodities. AskOption also provides a wide range of binary options types, seven to be exact. You can place trades with expiration time as little as 30 seconds to as long as 6 months. Last, but not least, the payout ration of AskOption is also very good. They offer returns on your trades of up to 85%.
AskOption Account Types and Bonuses
To sign up for AskOption is free but in order to start trading, you will have to fund your trading account with some initial deposit. The minimum requirement from AskOption is the standard $250. This will equip you with a Basic Trading Account. You can upgrade your account multiple times. Each upgrade brings you additional special features. Let’s look at them:
- Mini Account – minimum $500; in addition to everything offered by the basic account, you get assigned a senior broker to guide you while trading. You get 2 live trading sessions and daily market reviews.
- Standard Account – minimum $1,000; the live trading sessions are 5 and your withdrawals become expedited. This means that the time for processing request is less.
- Premium Account – minimum $5,000; the live trading sessions are 10. In addition, you will receive trading alerts via email and/or text message. You are also eligible to receive advanced trading strategies.
- Ultra Account – minimum $15,000; the live trading sessions become unlimited and you will be advised on risk management as well as supported in your efforts to control the risk levels.
- VIP Account – over $50,000; your withdrawals will be processed the same day you submit your request which greatly shortens the withdrawal procedure. You also become eligible to become part of AskOption’s rewards system for loyal clients and can receive different prizes, including tech gadgets, tickets for shows and sports events, even airline tickets.
Review Verdict: AskOption is NOT a Scam
Additional Information: Regardless of the type of account you open, you will be eligible to receive a bonus, from 30% to 100%. Make sure you carefully read AskOption’s bonus policy and terms and conditions before accepting them.
AskOption and Risk-Free Trades
Between the different account types, you will be able to get access to a give number of risk-free trades, ranging from 1 to 20. In the case of a normal trade expiring out of the money, you will get back 0-10% of your invested amount. Risk-free trades guarantee you that even if your trade expires out of the money, you will not lose your investment and will be able to recover it in full. Risk-free trades provide the perfect opportunity for newbies to test out their skills and understanding of the binary options platform of AskOption.
Deposits & Withdrawals
Clients of AskOption can transfer funds between their trading and bank accounts quickly and smoothly. They can choose the currency they prefer – USD, GBP, EUR or AUD. The accounts can be funded either via credit card (including Visa, MasterCard and Maestro) or wire transfer. Remember, AskOptions has adopted the Know Your Customer policy and applies strict rules on identity verification.
Advantages of AskOption
AskOption is a binary options broker with a variety of special features that give both the broker and the trader an edge on the market. Among them are:
- Risk-free trades – mentioned above.
- Extensive Educational Center – AskOption is a broker that truly aims at being a loyal partner in your trading endeavors. This is proven also by the rich training academy of AskOption. Traders have access to the very basics of binary options trading and to materials for advanced learning as well. That is why even novice investors would feel comfortable if they join AskOption.
- Follow Feature – this represents the popular social trading. If enabled, you can follow other people and imitate their trading decisions on the spot. Choose a trader, set up the time for which you want to follow him or her, the investment amount you prefer and the investment limit, and the platform will automatically mimic the trades.
- Quick Withdrawal Processing – the maximum amount of time you might wait for your request to be processed is 5 business days. Upgraded account types provide quicker withdrawals.
- Excellent Customer Support – you can contact the team at any time. Their response is swift. They are available via e-mail, live chat or telephone.