EmpireOption Review – A Comprehensive Look at This Binary Options Broker
EmpireOption is a binary options broker that was founded in 2010 in Uruguay. The broker uses the popular SpotOption trading platform and offers over 180 assets for trading including stocks, commodities, currencies, and indices.
Trading Conditions and Accounts
EmpireOption offers 5 account types to cater to traders with varying experience and deposit sizes:
- Micro Account – Minimum deposit of $200. Withdrawals take 10 working days and cost $30. Access to daily financial reports and EmpireTV.
- Classic Account – Minimum deposit of $500. Withdrawals take 7 working days and cost $25. Access to daily reports, EmpireTV, and trading signals for 1 asset.
- Empire Plus Account – Minimum deposit of $2500. Withdrawals in 5 working days for $20. Access to reports, EmpireTV, trading signals for 2 assets, and seminars.
- Preferential Account – Minimum deposit of $5000. Withdrawals in 3 days for $10. Access to reports, EmpireTV, signals for 3 assets, seminars, and market simulator.
- Empire VIP Account – Minimum deposit of $30,000. Withdrawals in 1 day for free. Full access to reports, EmpireTV, signals for 4 assets, seminars, simulator, and a personal account manager.
The minimum trade amount is $5 across all accounts. EmpireOption offers short term, long term, one touch, and pair options. The payouts range from 65% to 81% depending on the asset and expiry time.
EmpireOption Trading Platform and Features
EmpireOption uses the user-friendly SpotOption platform. The web-based platform can be accessed from desktop and mobile devices. Key features include:
- Multiple Views – Choose between single, dual, quad, or 16 asset views.
- Charting – Advanced charting with indicators and drawing tools. Candlestick, line, and area charts available.
- Asset Scanner – Scan for trading opportunities across assets based on technical indicators.
- Trading Signals – Subscribe to trading signals (for Plus accounts and higher).
- Social Trading – Copy trades of top performers with the iFollow feature.
The platform provides research tools like economic calendar, daily market reviews, trading guides and more. VIP account holders get a personal account manager.
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EmpireOption offers around 200 assets across 4 categories:
- Currencies – Major, minor, and exotic currency pairs.
- Stocks – Leading stocks like Apple, Google, Coca-Cola, BMW, Twitter, Alibaba etc.
- Indices – All major global indices like S&P 500, FTSE 100, DAX, Nikkei 225, ASX 200 etc.
- Commodities – Gold, silver, oil, natural gas, copper, corn, coffee etc.
The large asset index allows diversification across asset classes. Popular assets have payouts up to 81%.
Deposits and Withdrawals
EmpireOption accepts deposits through credit/debit cards, wire transfer, e-wallets like Skrill, Neteller, CashU, and Payza. The minimum deposit is $200. Withdrawals can be made through the same methods. Withdrawal amount and processing time depends on account type.
For VIP accounts, the minimum withdrawal is only $1 and requests are processed in 1 working day. For Micro accounts, the minimum withdrawal is $200 and takes 10 working days.
EmpireOption offers customer support through live chat, email, and phone. Support is available in English, Spanish, Portuguese, French, German, and Italian. The broker also offers local phone numbers for countries like UK, Italy, Germany, Mexico, Brazil, and Chile.
EmpireOption Pros and Cons
- Regulated broker
- User-friendly SpotOption platform
- 180+ assets across categories
- Advanced charting and research tools
- Copy trading available
- Local phone support in several countries
- Does not accept US clients
- Educational resources limited for lower account levels
EmpireOption is a regulated and trusted binary options broker that offers a great trading experience. With the popular SpotOption platform, extensive asset index, advanced trading tools and multilingual support, EmpireOption is suitable for both beginner and experienced traders. The choice of multiple account types allows traders to pick one that matches their trade sizes and requirements. Overall, EmpireOption comes across as a solid binary options broker.