We ventured into our search to find this out. We have gathered that this broker rates average and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:
Top 3 Brokers February 2017
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Secured Options Review
Secured Options has been launched recently to give traders a safe and convenient trading environment. According to the information provided on their website, the broker is based in the Marshall Islands. Although they claim that they offer the best broker services in the industry, we conducted a research on them to find out if their claims are true or not. We compiled this review to help you decide whether you should consider investing with them or should you choose another broker.
Is Secured Options A Scam?
We cannot say that Secured Options is a scam because so far we haven’t been able to gather enough information about them that could prove that they are a scam broker. The broker may be legit, but the fact is that they are new and they don’t have many reviews of feedback. There are also not many traders who use Secured Options trading platform.
So because we don’t have enough information, we cannot conclude that they are a scam broker. But, since they are neither regulated nor licensed yet, we would like to ask traders to stay away from them or better look for an approved broker.
From our research and investigation, we can see that Secured Options operate on a very basic trading platform. Although they mention that their platform is equipped with advanced features and trading tools, we found the platform to be very basic. There are a fair number of tradable assets and the trading options that are available include One Touch, 60 Seconds, Long Term and Pairs.
Account Types and Bonuses
There are 5 different account types available. The one that requires a minimum investment of $250 is the Standard Account. The next type is the Silver account which can be started with an investment of $2000. Then, there is the Gold Account which requires a deposit of $25,000. The fourth type of account offered by Secured Options is Platinum Account. Anyone can get started with an investment of $50,000.
Lastly, they offer Diamond Account and you can get in touch with your account manager to find out more about the initial deposit requirements. All of these account types attract different bonuses in the form of free monthly withdrawals, ebooks, personal coach, etc.
How To Open an Account?
- Sign Up – to get started at Secured Options, you must first open an account by submitting your personal details.
- Trade – once your account has been created and you have made a deposit, you can start trading. Making successful trades will result in profits.
- Withdrawal – To request a withdrawal, you must look for a convenient method that is offered by the broker. You must choose the method and enter the details of the withdrawal and submit the form back to their team.
Deposit and Withdrawal Procedures
One the Secured Options website, we were unable to find out information about their deposit and withdrawal options. It is quite unfortunate that traders are not provided with this useful information that can help them choose wisely. Currently, we don’t know what deposit and withdrawal methods are available and what the processing time for the withdrawals are. We only know that an account can be opened with a minimum deposit of $250, however, we don’t know what the minimum withdrawal requirements are.
Secured Options offer customer support via telephone, email and live chat. They also have a contact form on their website which can be filled out with the details of the request and submitted to their team. For quick responsive, traders can use live chat or telephone service. But, the team is not available round the clock so traders may have to wait till they get their issues resolved.