Grand Option Review
In our Grand Option review we would like to represent you a new brand in the field of binary trading, which is owned by the company Rodeler Ltd, the same company that owns the famous 24Option.
The activities of this broker are regulated by CySEC (Cyprus Securities and Exchange Commission), therefore, all the services in the European Union are provided under the license # 207/13.
This company offers more than 100 underlying assets for binary options trading, including commodities, stocks, indices and, of course, Forex. Broker offers unique trading tools, such as night options or weekend options (carries higher level of risk), dedicated customer support and a personal account manager.
Besides, the company cares about the safety of traders` funds, so they work under Anti-Money-Laundering regulations. The entire trade process is completely confidential and is protected enough, all transactions are carefully encrypted.
Grand Option Trading
Grand Option trading is simple enough. Firstly, after selecting an asset you should choose the option type: whether it will be High/Low or 60-seconds. Then pick the time expiration and the amount of investment and make a prognosis about the asset price. Click on the “High” button if you believe the asset price will rise by the end of expiration, or “Low” button if you believe the price will fall.
The color of chart can change according to the direction of asset price during the expiration period. The trade is “In-The-Money” when we have the green background, it means that the graph is moving according to your prognosis. In case of red background, the trade is “Out-The-Money” and it means that the price of and asset is going against the predicted direction.
GrandOption.com Review - Trading Strategies
Grand Option trading strategies can be applied to any asset from the Asset Index list of online broker.
One of them is called Straddle, which is usually used by experienced traders. It includes the opening of both Call and Put options on the same asset. Here, when both options are successful, the trade will bring double income for investor. Even if one of the options is in a loss, the risk will be minimized due to the option that brings return. The use of this strategy requires some trading skills, so we recommend to use it for professional traders.
In such a way trader can tailor his own Boundary trades choosing the time when options can start and invest as much as he wants. There are no concrete rules about choosing the sums for Call and Put options in this case.
Grand Option Minimum Deposit
In this Grand Option review we should note that account registration will not take you long. The only requirement to start trading with real money is Grand Option minimum deposit. Please make sure that you select the correct currency when you open an account, because later it will be impossible to change it. You can open an account in dollars, euros, pounds and Japanese yen. Grand Option minimum deposit is $ 250 or its equivalent in another currency.
By making a deposit via credit card or wire transfer, you will immediately receive the money on your account. If you invest money by bank transfer, the transaction can take up to 5 working days.
While depositing with credit card or by electronic payments you will see your money immediately in the account and in case of wire transfer the transaction can take up to 5 business days.
Deposits are possible to be made by all popular credit/debit cards, like Visa, Visa Electron, MasterCard, Visa Delta and others.
Fee for the withdrawal from the account will depend on the type of your account. Grand Option makes a nice gift for each trader, providing the first withdrawal of funds free of charge. Information about payment for future withdrawals can be found in the “Banking” section on the official broker site. We should note in our Grand Option review that the broker does not set a minimum size for the withdrawal, if the trader does it through a card or MoneyBookers. If the transaction is carried out by bank transfer, the minimum amount for withdrawal is $ 100.
GrandOption.com Review - Account types
Also in our Grand Option review we would like to mention that this provider offers several types of accounts, so each trader can choose the account that best suits personally to him.
Immediately after registration you will automatically become the owner of the Standard account and will get access to one of the most powerful trading platforms with a variety of trading assets. Here you will find all the trading tools and Call / Put and 60 seconds options. Also, you can watch unique educational materials, namely, VODs containing useful videos for traders of all levels, read through an interactive eBook, and possibly take part in digital options webinars.
Gold Account gives you more benefits than Standard one. Except the same types of options Gold Account Members gain more freedom in their trading - without restrictions 24 hours a day and 7 days a week. Besides, investor gets the personal expert for consultation and one-to-one training session with the broker`s leading market analyst. Additionally, members receive one free withdrawal per month and extra 2% return on every trade they perform.
Platimun Account opens VIP Accounts level and these members receive full trading package with rewards and more benefits than holders of lower account levels. Here, your trades will be totally personalized by binary trading expert, who can assist you 24/7 with all necessary knowledge in binary trading, you will get access to private training session with senior market analyst and receive free withdrawals with no limits and additional 4% return on every performed trade.
Diamond Account Members have the total priority to use all the services of Grand Option trading specially customized to them. This includes no restrictions in trading any financial asset on the broker`s digital options platform, the complete multi-language customer service, the personal training coach in trading and giving consultations, extra 4% revenue on every trade and unlimited free withdrawals.
Grand Option Demo
By definition, when the company offers a demo account - it is an advantage for traders who can practice trading on the market, but only without real money. This allows users to experience the process, not having a chance of winning or losing.
This provider, unfortunately, does not have Grand Option demo. May be, this is made in order not to increase the load of the platform. Nevertheless, even not providing Grand Option demo, their website is aimed at offering unparalleled trading platform, which is fast, reliable and faithful.
GrandOption.com Review - Support
Grand Option binary trading is gaining increasing popularity in Turkey and European countries. At the moment, its binary trading platform supports multiple languages - English, Russian, Turkish, Italian and French.
Brokers customer support and account managers are dedicated and are able to help you with any query you might have. The provider has an extensive library of training materials collected in broker's Academy, where any trader will find many useful tips on trading stocks, forex, indices and commodities in order to expand your investment knowledge, apply trading strategies in practice, study the market Indicators and make the right conclusions from the global economic analysis on the basis of price fluctuations.