EmpireOption Review

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EmpireOption Review

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Detailed info:

TABLE OF CONTENTS:

EmpireOption – Binary Options Broker. Company founded in 2020 in Uruguay. Platform languages: English, French, Spanish, Portuguese. Minimum deposit = $200. Empire Option is one of the many binary options brokers running the SpotOption trading platform. It is owned by Baumann & Kraus Enterprises Ltd based in London, UK. Empire Option is yet to be a regulated binary options broker.

Trading Conditions

Empire Option offers up to 5 different account types with different trading conditions suitable for the different investor profiles as shown below;

Figure; Empire Option Account Types
Empire Option Registration

Figure; Empire Option Registration Form

Registering with Empire Option only takes a few minutes requiring only basic personal information such as; names, email address, birth date, country and mobile number. One can open a USD, EUR or GBP denominated account. As part of the KYC policy, Empire Option requires the following documents from its clients;

• Proof of identity (Government ID or passport)
• Proof of address
• If funds were deposited using a Credit Card; copy of the Credit Card used, back and front with the last 4 digit uncovered.

Deposits and Withdrawals

Deposits

Figure; Empire Option Deposit Options

Deposits to the Empire Option trading account can be done via Credit Cards (Visa, American Express, MasterCard, Dinersclub e.t.c), Skrill, Neteller and Bank Wire Transfer. Transfers via bank wire require a minimum transfer amount of $500; for amounts greater than $1000, Empire Option assumes the transfer fees.

Withdrawals

To withdraw from one’s Empire Option account, a withdrawal request is required with attachment of the relevant documents if the account was not verified at account opening. Withdrawal conditions vary depending on the account type as shown below;

Trading Platform

Empire Option uses the popular SpotOption web based trading platform as well as mobile trading applications for Android and iOS.

Empire Option Web Based Trading Platform Features;

• Candlestick and area charting
• Multi-timeframe charting
• Traders’ sentiment index
• Several Option types available on the same platform
• Spot Forex trading is available on the same platform
• Ability to view open and closed positions classified according to option type

Cons;

• Limited charting area
• No technical indicators
• No technical drawing tools

Figure; Empire Option Web Based Trading Platform
Empire Option’s iFollow feature allows traders to follow other successful traders and copy their trades into their own trading account.

Figure; Empire Option iFollow Social Trading Feature

Empire Option Signal Service
Holders of a Plus account and above at Empire Option are able to access trade signals. Plus account holders are able to access signals from 1 asset group, 2 asset groups for Preferential accounts and 4 asset groups for VIP accounts. Signals are provided by FAUNUS

Figure; Empire Option Signal Service

Education

Empire Option offers the following educational resources; news, economic calendar commentary, Empire TV, tradebooks, seminars and an economic events simulator.

Pros and Cons

• Social and copy trading is available in the trading platform
• Trading signals are available
• Resourceful education section
• Mobile trading
• Up to 5 account types to choose from
• Several option types to choose from
• Spot Forex trading on the same platform
• Customer support in several languages
• Several payment methods are available

• US residents are not allowed
• Non-regulated broker
• The trading platform is not suitable for technical analysis

Customer Support

• ‘Contact Us’ via web form
• Live Chat
• Email Support
• Phones; English (+1) 212 845 9749

Spain (+34) 932 202 011

Argentina (+54) 11 5078 9783

Mexico (+52) 722 477 9925

Chile (+56) 45 294 3753

Colombia (+57) 4 204 0553

Peru (+51) 17 061 987

Venezuela (+58) 212 720 1913

• Email; [email protected]
• Address; Baumann & Kraus Enterprises Ltd, Address 1A, Arcade House, Temple Fortune, London, NW 11 7TL, United Kingdom

Conclusion

EmpireOption is one of the many binary options brokers running the SpotOption web based trading platform which has become very popular with traders. Empire Option also offers good trading conditions, however, it is yet to be a regulated binary options broker

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EmpireOption.com Reviews

About EmpireOption.com

EmpireOption.com is a web-based binary options broker platform. Through their site, members are able to invest in a selection of over 250 assets, including currencies, stocks, commodities and indexes. The new iPhone, Android and iPad EmpireOption applications enabling them to place trades from anywhere, at any time.

EmpireOption’s easy to use interface is great for new traders and quick to navigate for seasoned traders. There are trading tools which assist investors through its platform functions. With free seminars on binary options, members can discover different investment strategies guided by their professional training program.

Different binary option trading techniques exist within the EmpireOption trading platform. Not only do they offer a Traditional trading method but they also feature Rollovers, Double Ups, 60 Seconds, a One Touch trading system for weekend trades Option Builder to customize portfolios.