Magnum Options Review
This page contains a detailed review of the ‘Magnum Options Binary Options Trading Platform‘.
Magnum Options Executive Summary
Magnum Options Review
The Magnum platform is web based eliminating some of the difficulties associated with platforms that require a download. Magnum Options provides a wide range of underlying assets which allow users to take broad based or specific views that capture movements within the capital markets.
Magnum Options was established in early 2013, and uses the latest technology for Binary Options traders including the advantages of the world class “Spot Option” platform as its back bone.
Assets and Expire Times
Magnum Options provides access to a variety of capital markets instruments which include over 60 underlying assets using multiple timeframes to execute binary options. The baseline return an investor can achieve is as high as 81% on investments.
Additionally, Magnum has a return policy for “out-of-the-money” options which is a percentage of the initial trade price. The return policy is outside the normal practices of most binary options brokers in the market, and gives a return even when you make a miscalculated trade.
The platform provides a convenient range of maturities with expiry times for most assets that fall in the range of hourly, daily, weekly and monthly.
9 currency pairs
Types of Binary Options
Magnum offers 5 Different Types of Binary Options Trades. These include:
60 Second: This style of binary option allows a trader to start the transaction at his convenience, and walk away with a significant profit only 1 minute after the trade is initiated. The ability to conveniently control the start time makes this style of binary options trading a clear favorite for event driven activity.
Binary Options Calls and Puts: This trading method has predetermined payout that provides a return to an investor by successfully determining if an underlying security is above or below the strike price.
One Touch: This binary option returns a pre-determined fixed payout once the price of the underlying asset touches or surpasses a predetermined strike price. To receive this payout your asset must touch or surpass the predetermined level just once during the lifetime of the trade.
Option Builder: The Option Builder feature allows traders to customize the transaction process. An investor can choose the expiry times, the risk and reward profile, the asset and maturity to achieve the most efficient and profitable situation. This state of the art process, allows traders to generate customized strategies that can secure substantial profits.
Option Pro: Is a strategy that provides access to the most advanced charts and information available for each and every underlying asset. This includes historical trends, current market signals and much more. If you use technical analysis while trading binary options, this feature is absolutely priceless.
The platform used by Magnum options appeals to all traders, from the more experienced to the novice. The user interface is simple and easy to understand and you have access to all of the data and tools you need to enter the binary options trading environment. To add to this efficient easy to use platform, Magnum offers friendly customer service that will walk customers through all the nuances of the Magnum platform.
Magnum Options offers a customer service very rarely seen in this industry; going above and beyond what is usually required. The company offers access to customer service 24 hours a day, 7 days a week via Phone, Email, Chat or Skype.
Magnum Options is considered the number one trusted broker in Binary Options education, with robust one-on-one expert trader educational services which assists in the process of designing and executing trading strategies.
Educational tools and strategy formation is where Magnum Options really stands out from the crowd. Magnum Options has an experienced team of bilingual binary options traders from all different backgrounds to assist traders in all aspects of Binary Options education.
Deposits and Withdrawals
The Website has an easy to use banking and accounts page. For the non-English speakers, the site offers display in Italian and German also makes it a highly beneficial and appealing platform for trading. Magnum’s fast withdrawal timing system facilitates the process of getting your money.
Membership Accounts have a minimum deposit is $200. Membership sign up is easy and they have a large variety of different leveled packages dependent on how much you deposit and the benefits you want to utilize as a trader. The unique Magnum Elite package provides traders with a wealth of tools, service and educational programs. The program has substantial benefits which include daily and weekly market reviews, a dedicated personal trading advisor and account manager, free daily signals and hot watch charts, free weekly strategies, as well as