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TopOption Broker Review 2016

  • Min. Deposit $100
  • Min. Invest $5
  • Return 85%

As one of the pioneers in binary trading industry, TopOption is present since the very beginning in 2008. This brand is operated by the Leadtrade Ltd.

To South African traders, TopOption tries to deliver a quality trading platform where traders can use a selection of different features and services and increase chances to make a profit while investing in binary options.

For more details about this broker, read below our TopOption broker review.

TopOption

TopOption General Info South Africa

As shown in this TopOption, minimum deposit is $100, which is amount much lower than binary average in comparison with other brokers. There are different options on how much money traders can get, but maximum return goes up to 85%.

Lowest investment amount is $5 and highest available investment is $4000. Also, traders should know how accepted currencies with TopOption are: USD, EUR, CAD, GBP and PLN.

TopOption Trading Platform and Features

While reviewing this regulated broker, we learnt how they provide a platform based on SpotOption software. With an easy to use overview, South Africans may experience simple navigation over the site.

Available trade options on TopOption platform are: Touch / No Touch, High/Low, Pro-Option, One Touch and Speed-Master. For each this trade option, traders have option to select an expiration time. They can choose between expiry times of 60 seconds, 15 min, 30 min, 1 hr, 24 hr+ and end of day expiry.

Our TopOption broker review showed us how traders can select preferred asset to trade with between a variety of underlying assets. They include a selection of stocks, commodities, currency pairs and indices. In total, there are over 180 different assets available on TopOption platform.

Another popular trading feature we learnt from TopOption broker review is the fact if offers mobile trading.

By this we mean a mobile app which is connected with iOS and Android operating systems. This app presents simple overview of TopOption platform where history and current trades can be easily searched. TopOption mobile app is intended for busy binary traders who prefer trading on the go.

With goal to provide the best trading services to registered traders, TopOption delivers powerful trade elements, such as Rollover, Buy me Out and Double Up.

  • Rollover – feature that delays asset expiry time in case traders believe they will lose the trade
  • Buy me Out – can work until one hour before expiry time and reduces the risk involved
  • Double Up – option to double the trade but under same trading conditions as the previous trade
TopOption

TopOption Account Types

Our TopOption broker review revealed how they offer three trading accounts to the registered binary options traders. Read further to know more about each account type and its elements.

TopOption Starter account

  • Deposit from $100
  • Dedicated account manager
  • No fees
  • Welcome bonus up to $250
  • Starter ebook, e-videos and intro training 1-on-1
  • Access to market news + risk management trading tools

TopOption Pro account

  • Deposit from $1000
  • Dedicated expert account manager
  • No fees + trading alerts
  • Welcome bonus up to $500
  • Starter/advanced ebook, e-videos and intro training 1-on-1 for 3 hours
  • Access to market news + risk management trading tools

TopOption VIP account

  • Deposit from $5000
  • Dedicated specialist account manager
  • No fees + trading alerts
  • Welcome bonus up to $2500
  • Starter/advanced ebook, e-videos and unlimited training 1-on-1
  • Access to market news + risk management trading tools
  • Off trading hours help
  • Trading signals via sms

TopOption Customer Support

Our detailed TopOption broker review indicates how support service is very good and up to date, which is out of great importance to all interested South African traders. Traders have option to contact TopOption broker via email, live chat and phone.

South Africans can use [email protected] email and dedicated phone number for South Africa: +27 1 0500 2884. Other phone numbers are available for 22 countries worldwide. Live chat is a popular way of communication in binary industry since it is fast and can be a useful way which can assist traders to get needed information regarding any trading step.

Also, TopOption platform is multilingual and available on: English, Spanish, Italian, German, Swedish, Dutch, Russian, Portuguese, Romanian, Polish, Norwegian, Chinese, Japanese and Arabic.

TopOption Banking

TopOption broker claims how South African traders can enjoy in secure trading environment in terms of depositing and withdrawing funds. Under Banking tab on their site, traders can find detailed information about how to trade binaries and what is deposit / withdrawal procedure.

Our TopOption broker review revealed how accepted deposit methods are: credit cards (Mastercard, Visa, Delta and Diners Club), wire transfer and e-wallet WebMoney.

However, it is important to know how before any withdrawals, traders first need to authorize their trading account by providing several valid documents. They include proof of address and copy of ID card.

As mentioned above in TopOption broker review, no fees are being charged for withdrawals, which can be an important element into deciding to invest in binary options with this broker. To get their funds, traders first have to submit a withdrawal request.

Once approved, traders in South Africa can expect to get their money within 5 working days.

TopOption - Review Conclusion

TopOption Broker Review
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