Have you heard rumors about a TopOption scam?
Want to know whether this binary options broker is a fraud or a reliable company?
Wish to discover if there is money to be made with binary trading?
If you want to invest and benefit from digital options, but are uncertain if TopOption is a dependable broker and a safe destination for your funds, read this article to discover the truth.
TopOption vs. Top Brokers
Binary options are a financial derivative involving risk, and to succeed at binary trading the most important step is choosing a reliable and professional company that will help you improve your skills as a trader and make accurate predictions constantly at an increasingly higher rate. There are only a few such brokers in the binary options market, and this is how TopOption compares to them:
TopOption does not offer customized training services, comparable with the one created by 24Option, a company that has set the bar in terms of one-on-one online training sessions. Customers have reported a huge increase in the accuracy level of their predictions after using 24Option’s financial advice. With a highly advanced mobile site that allows you to profit from wherever you are an extremely high yields, this is another excellent choice for new binary traders:
OptionBit also belongs to a different class of brokers and does well when compared to TopOption . This binary corporation, the second largest and perhaps the most experienced worldwide, offers, free of charge, a signals trading tool considered to be the most accurate and innovative on the market: Algobit. With it you will be able to take advantage of the most profitable market opportunities. Known for its high yields, seriousness and professionalism, OptionBit also has an efficient customer service, and offers instructional tutorials and an interactive ebook, which will help you become a qualified trader in no time:
TopOption is the best example of a company that provides no real benefit to your financial success. Besides offering no educational tools, no cash bonus and the lowest payments in the market at 95% per trade, it has the least qualified team of professional investment advisers , who never ensure you receive extensive help while learning investment techniques. TopOption, once the official sponsor of Premier League club Arsenal, is also the only broker fully unregulated in Europe, and an overall terrible, unsafe and not advantageous choice for you.
What is TopOption?
TopOption is a newly formed company with no experience . A private label offering binary options through its self-developed trading platform. This broker started offering its services a few years ago, in early 2013, with the launch of a very large and impressive site. A considerable investment has been made by ownership group Safecap Investments, a company that has been in the Forex market for several years, to step into the binary market at full strength.
Safecap Investments is a financial firm based in Cyprus. TopOption is not a fully regulated binary options company, with a Cysec license issued to SafeCap Investments which covers all deposits made to Markets.com, the forex and CFD firm owned by this same corporation. TopOption is part of this financial group and therefore benefits from the current regulatory license which covers deposits made by traders directly to TopOption.
Although TopOption’s entrance into this industry has been impressive, binary options trading is still a financial investment that is based on a highly volatile derivative, and thus it is probably best to avoid brokers until they gain a certified license like the one owned by TopOption.
Is TopOption legit?
Although it’s a relatively new company, TopOption is not a scam. On its site there are clarifications about the risks and precautions necessary to succeed in binary options trading. This type of transparency is an important indicator. Thus, the allegations of fraud against this broker are not comparable to those faced by other, murkier firms.
The regulation obtained through the Cyprus Securities and Exchange Commission also shows an attempt to provide customers with a sense of security. That is why, comparatively, the TopOption brand has not been mentioned in scam rumors too frequently, and this is a good sign.
The conclusion is that TopOption is a legitimate binary firm and has left a positive impression since day one, allowing the company to gain significant market share in a relatively short time. You should open an account with them to start profiting.
The TopOption Site
Offered in ten different languages , this binary broker has invested in creating a dynamic and visually interesting site focused on a message of seriousness and financial education.
In terms of content, the site itself is simple and straightforward, without offering much innovation. With payments at an average market level, and a trading platform that has much appeal, TopOption currently creates unique and advantageous tools and content for its customers.
The trading environment was developed with innovative software, allowing you to choose stocks, commodities , indices and currencies, as well as currency pairing, where the customer is required to predict which currency will raise in value against the other. TopOption does not remunerate customers for incorrect predictions.
The TopOption asset index is quite large comparatively to major binary brokers, and this is an advantage that has to be taken into consideration. Binary trading is a very dynamic investment where jumping on opportunities the market suddenly offers is a key to higher profits. The lack of a larger asset list complicates the customer’s ability to form an optimal portfolio, and can hurt your chances of success.
TopOption Market Share
In the few months it has been online, TopOption has been able to make an impact on the Italian market. Since April 2012, this country has imposed strict rules for binary options brokers, and the Italian government has launched a campaign to alert citizens of the risks of fraud related to the binary field. It also limited the activity of several binary options companies.
Since many major companies were black-listed by the authorities, TopOption was able to seize the opportunity and gain some significant market share in this large European country.
Investing heavily in expanding into the continent, TopOption has also seen some success in France and Spain, and is nowadays entering the German market. With respect to English-speaking countries, the presence of this broker is currently minimal.
TopOption Scam Summary
- TopOption is a binary options company launched in 2013
- Property of an important Forex site, it has been able to expand quite rapidly in the binary options market
- TopOption has the experience necessary to become the preferred destination for your funds
- Allegations of fraud against TopOption have been scarce, since the site properly highlights the risks of investing in binary options
- Since it is not a scam, TopOption will become a significant force in the binary field
- Meanwhile, you should give preference to this reliable binary brokers and protect your investment