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Magnum Options

Magnum Options

Magnum Options

Quick Review

Name Magnum Options
Founded 2013
Legal Entity Redtulips Consultants Ltd
Turnover 81%
Minimum deposit $500
Bonus Starts from 25%
Full Address Bulgaria, Sofia, Mladost 4, Bl 428, Entrance 1, Floor 1/3
Phone 0-800-680-0683
Regulation No
Site visit site
E-mail send mail
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Blacklisted broker

Magnum Options is setting a precedence in the world of binary options trading, which hitherto, has been missing. We went ahead and performed an honest review of MagnumOptions to assess whether the broker delivers on its promises.

Here are some key things we found out.

Regulation

Magnum Options is the trading name of a company called Solaris Vision Limited, which is registered in Bulgaria. Although the company is not regulated by the big names in the industry, such as CySEC or Malta Gaming Authority, the broker cannot be written off as illegitimate.

Magnum Options has been committed to delivering excellent and trustworthy services to clients. We searched different online forums and talked with traders who have used the broker before, and nothing pointed to fraudulent dealings. Therefore, we can confirm that Magnum Options is not scam broker. However, we found out the broker lacks sufficient regulation for operating in some countries, like the U.S.

MagnumOptions Trading Platform

Magnum Options trading platform is designed to offer a user-friendly environment for all types of traders, and ensure they realize maximum returns possible.

Magnum Options trading platform

The platform is completely web-based, which saves you from the hassle of downloading any software for trading. You can access the web and mobile versions of the platform from any web browser, ensuring fast and convenient set-up of a trading environment.

What’s more, it is equipped with sufficient features and tools to ensure traders make sound and profitable trade decisions. For example, the platform has several variations of binary options for trading—Call/Put, One Touch, Long Term, and 60 Seconds options.

Importantly, Magnum Options has employed the latest technology to guarantee secure trading on its platform. All your transactions will be sufficiently protected from unauthorized third-party access.

Assets and Payouts

Magnum Options provides more than 100 assets for trading, consisting of different currencies, stocks, commodities, and indices. So, regardless of your style and trading preferences, you are sure to find an asset that resonates well with your needs.

The broker offers attractive payouts of up to 81% for every successful trade. In terms of expiries, Magnum Options offers flexible times, ranging from short term (sixty seconds) to medium term (hourly, four hour, daily) to long term (weekly, monthly or yearly).

Deposits and Withdrawals

Deposits and withdrawals at Magnum Options are secure, fast, and devoid of unnecessary complexities. After submitting the required documents, your payments will be processed in the shortest time possible.

Magnum Options offers an extensive range of payment methods, including the major credit cards and wire transfer. The minimum deposit required is 200 currency units (USD, EUR, GBP, AUD, or CAD).

It’s important to note that the broker does not charge fees or commissions on trades. Therefore, you can be sure that your profits will not be eaten into.

Based on the amount of deposit you make, the broker offers different account packages, which come with their own individual benefits and enticements.

  • Mini: This account requires a minimum deposit of $500 and comes with 25% bonus.
  • Starter: You need to make a minimum deposit of $1,000 to be entitled to this account. The bonus offered is 30%.
  • Silver: It requires a minimum deposit of $5,000 and offers a 50% bonus.
  • Gold: This account requires a minimum deposit of $10,000. You’ll get 75% welcome bonus.
  • Platinum: If you choose this account, you’ll make a minimum deposit of $25,000, and get 100% bonus.

Magnum Options Customer Service

Customer service at Magnum Options is top-notch and above-board. Few brokers in the industry compete with Magnum Options in putting the needs of traders first.

Economic calendar MagnumOptions

The broker’s site is simple, which makes looking up for information fast and uncomplicated. If you want to start trading with Magnum Options, you’ll find the account opening process to be straightforward and fast.

In case of any issues, you can always reach the broker’s professional customer support department via email, phone, or live chat— 24 hours a day, 7 days a week.

In addition, Magnum Options has a resourceful academy, filed with quality courses to benefit all types of traders—beginner traders can start learning the ins and outs of binary options trading and experienced traders can perfect their skills. The broker also offers webinars and other educational materials on a frequent basis.

Pros

  • Transparent and trusted broker
  • Excellent and professional customer service
  • Extensive range of educational materials
  • User-friendly platform
  • Variety of account packages offered
  • High payouts of up to 81%
  • High bonuses of up to 100%
  • Secure and fast payment methods
  • Wide range of tradable assets
  • Fast and simple account opening process

Cons

  • Lacks certification from a notable regulating authority
  • U.S. traders not allowed
  • No demo account

Conclusion

During our review of Magnum Options, we confirmed the broker truly delivers on its promises. Predominantly, its business is centered around providing the best conditions for traders to gain maximum profits from the lucrative binary options industry.

So, if you are looking for a broker that is innovative and emphasizes on quality trading conditions, then Magnum Options could be worth trying out.

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