In this Topoption review you will find all important information about this broker.
About Topoption
Topoption is a binary options broker based in Cyprus. It is one of the first brokers that become regulated in the EU. The parent company of this broker is called Leadtrade Ltd.
Address: 9 Kafkasou Street c Treppides Tower, 5th Floor, 2112 Nicosia, Cyprus.
Contact: [email protected]
Topoption demo
Topoption offers demo accounts, however you have to first open a real account and deposit money to get it.
Minimum deposit
The minimum deposit to open a real account is 100 dollars.
Minimum investment
The minimum investment is 5 dollars.
Fees, withdrawals and deposits methods
Topoption charges no fees for deposits, withdrawals or trading. Dormant accounts (90 days no trading) are charged $25 per month.
You can deposit money with credit cards, wire transfer, Paysafe card, Skrill and Neteller.
You can withdraw money through credit cards, wire transfer, Skrill and Neteller.
Payout, assets and options
The maximum payout with Topoption is up to 85 % with High/Low binary options.
With Topoption you can trade all the usual assets: currencies, commodities and indices.
Types of binary options are High/Low, Above/Below, Range, Touch and No Touch.
Expiries range from 1 minute to months.
Trading platform
Topoption offers two versions of its platform. One basic and more sophisticated called Pro. Both are free. The Pro versions adds a few indicators and more charting options.
The platform is pretty solid and reliable. We have not noticed any major problems.
Is Topoption regulated?
Topoption is regulated, the number of its CySEC licence is 296/16. It means that it is an EU regulated broker. It also means that clients’ money on trading accounts is protected up to 20,000 Euros.
Is Topoption a scam? What about complaints?
Topoption certainly is not a scam. We’ve known this broker for years and the feedback from real traders is very positive.
You of course can find some complaints on the internet, but this applies to every other broker. But we have never received a complaint about this broker that could not be explained or resolved easily.
Countries accepted
The vast majority of countries is accepted, however there are some exceptions, such as USA, Canada and Australia.
Conclusion
Topoption is one of the few brokers that we are willing to recommend. It is regulated, the feedback of real traders is good. A minor downside is that you cannot get a demo without a deposit.
See the list of binary options brokers that we recommend.
