Grand Option Review

Overview

Grand Option belongs to one of those new generation binary options which is based out of Cyprus. It is relatively new in the market, but has gone under the rigorous… more

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Details

Broker Grand Option
Website URL https://www.grandoption.com/
Headquarters FREMA PLAZA, 1ST FLOOR, 39 KOLONAKIOU STREET, AYIOS ATHANASIOS, LIMASSOL CY-4103
Support Number +357 2 526 2770
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $25
Bonus 100%
Payout 80%
Free Demo Account Open Demo
Account Types Standard, Gold, Platinum, Diamond
Deposit & Withdrawal Methods MasterCard, Visa, Visa Electron, Diners Club, Discover, VISA, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser
Number of Assets 80+
Account Currency USD, EUR, JPY, GBP
Overall Score 7.7/10

Full Review

Grand Option belongs to one of those new generation binary options which is based out of Cyprus. It is relatively new in the market, but has gone under the rigorous screening of the traders in the market and has come out absolutely positive.

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Grand Option Review

Grand Option has designed a platform suited for all the traders, novice or well seasoned. It appears to be distraction free and one that can help people concentrate on their trades. This marks the first impression on this website.

The next thing that is to be seen is whether they provide adequate study materials to their traders. Many brokers provide eBooks and video tutorials to help the traders understand the market effectively. We have found that Grand Option also provides the same to the traders. This evaluation takes us to assess their software and features. From what we gather, their platform operates in the Tech Financial engine, which is a high tech feature that powers their whole platform. This helps the traders to make the trade decisions accurately while at the same time being prompt in their decisions.

Despite the fact that this broker does not offer any demo account, the novice player will still find enough educational stuff to teach them on this platform.

Grand Option Scam

Is it a scam? Every newly opened binary option broker has to face this question. Since Grand Option is also a new broker in the industry, it faces the same questions. And it must, since there are scammy platforms showing up every day – which are a cause of worry and caution to the traders.

grand option banner

Let us look at what Grand Option is, whether it is a scam or not. Firstly, it is based out of Cyprus. The entire address, as stated on its website, is 39 Kolonakiou Street, Ayios Athanasios, Limassol, Cyprus CY-4103. They have also provided contact numbers – +44 20 3150 0328 and +1-646-335-0744. This clear identification helps us locate them easily. Any fraud broker would hesitate to provide such detailed information.

But the thing that removed all our doubts regarding Grand Option was when we found that they had received a CySEC license on 11 July, 2013. Anyone can cross check their license number which is 207/13. Plus, they are also registered with the CONSOB of Italy and FCA of England. All our doubts come to rest. The Grand Option broker is not only a genuine broker, but a regulated one.

Grand Option Demo

First of all, a demo account is not needed by a well seasoned trader. It is only required by those who are very new at this and there are thousands of other platforms where you will get a free demo account for your practice. If you already know how to trade in your strategies and if you are well adept in this process, then you will have to just start a trade option with them. No other process is required.

grand option demo account

Since Grand Option does not provide a demo account, the new traders might feel a bit reluctant to join it at first. But for them it is to be understood that having a demo account could also be misleading at times. The real scenario in trading can only be judged on the field, during your trading sessions. Rest assured, if you need more learning experience, you can always watch their video tutorials, read their eBooks and just observe the trend in the markets.

There are so many fraudsters in the market, that a genuine broker, that doesn’t provide a demo account, is quite acceptable.

Grand Option Trading

Grand Option offers the binary traders a very effective and smooth trading environment. This enables traders to gear up towards profitable investments. Their trading platform is high tech which makes it easier to navigate yet still maintaining the sophistication and flexibility of the whole experience. Any professional would find this platform extremely alluring.

On this platform, one can easily launch and maintain an eye on several trades at once. The real time data and statistics continually flow in this platform, making it easier for the traders to access the valuable information to place their trades. Also, the asset index at Grand Option keeps increasing. Their platform claims to provide a high return investment policy, and one can profit from their zero commission scheme. It is advised that you go through their terms and conditions to understand them better.

grand options trading

Their 24 hour live support forum is multilingual, so there is absolutely no problem in getting across your issues to them, if they are seen. Their staff attends you very responsibly and they also give you professional advices on placing better trades. One gets enough assistance for trading on the Grand Option broker’s platform.

Grand Option Minimum Deposit

Their minimum deposit has been fixed at 250 dollars. By doing this, Grand Option has opened the platform up for several users worldwide, who will be able to invest this amount and get ample returns. One of the things about a minimum deposit is that, if it is kept at a high price, the more averse ones would hesitate to invest as there would be a higher risk.

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If it is kept at a low price, then the returns from it won’t be sufficient. This is why Grand Option has done a good job by placing the trades at a neither too high nor too low level. This way, even the newbies will be able to take the plunge.

They also offer Islamic accounts, scalping and hedging options. They provide major Forex spreads in USD, GBP, EUR and JPY. You get a 24 hour trading window, once you sign up with them. They also have a 24 x 6 live support team. You get a charting package, streamlined professional news feed and limit order packaging options with them.

Even if you lose trends you are up for a refund up to 10%. But most profits generated are between 70 -85% in an average, so there’s a good scope of winning.

Conclusion

recommended80Grand Option is reliable and regulated broker, which makes them a top choice when choosing a binary broker. They are CySEC regulated, which means that they adhere to strict EU regulations and laws. Overall they offer clear and simple binary and pairs trading, their minimum deposit is only 250 USD, and have an extensive education section.

All of this makes Grand Option a top choice for both novice and advanced traders.

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