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Verum Option

Verum Option

Verum Option

Quick Review

Name Verum Option
Founded 2014
Legal Entity VerumFX
Turnover 95%
Minimum deposit $50
Bonus No
Full Address United Kingdom, Edinburgh, 86, Constitution Street, Edinburgh, EH6
Phone +7 (499) 2120153
Regulation CRFIN
Site visit site
E-mail info@verumoption.com
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A Brief Summary about Verum Option
Verum Options Broker was created by professionals of the Forex world, absorbing all their experience and expertise to ensure that you are able to trade with the convenience of on binary options.

Verum Option Broker Review

Verum Option, which is owned by company called Coylton Services LP, is a Scottish broker that is increasingly drawing a lot of attention in the binary options industry. The broker has been putting a lot of effort in providing traders with simple and efficient conditions for maximizing their returns from binary options trading.

On this Verum Option broker review, our team of experienced traders has put together all the important features of the broker to enable you make an informed decision if you decide to choose it for trading.

Ease of Use

Verum Option offers easy-to-use and simple products and services. The broker’s website is clean and free from unnecessary clutter. We easily navigated across the website to know more about the broker and its different offerings. Furthermore, the website is in three different languages, English, Russian, and Arabic, to cater for the different needs of traders.

Importantly, the process of opening a new account is quick and straightforward with simple to follow instructions. We were able to open a new account in a matter of minutes and started to experience first-hand the conditions of trading with Verum Option.

Trading Platform

The broker has an innovative and user-friendly web-based trading platform that suits the needs of all types of traders, from beginners to more experienced traders. You can also choose to use the mobile trading platform for Android and iOS and enjoy trading anywhere, at any time.

After signing up for an account, you can request a demo account to help you familiarize yourself with the broker’s trading platform.

The trading platform is equipped with different technical tools and other beneficial strategies to ensure traders have a profitable experience trading binary options.

Deposits and Withdrawals

Verum Option provides a wide range of comfortable, secure, and fast deposit and withdrawal methods to traders. Some of the payment options available include the common credit/debit cards, electronic payment methods, and wire transfer.

Notably, you can be 100% sure of the safety of your funds because the broker uses the latest state-of-the-art technology to guarantee your peace of mind.

The minimum deposit required by the broker is $50. Interestingly, beginners can make a minimum deposit of $5.

Trading Assets

To make trading more efficient, Verum Option has an extensive variety of more than 200 financial assets from around the world. You can choose to trade stocks, currency pairs, commodities, indices, or whichever assets that fit your style and preferences.

Verum Option Trading Assets

The broker also offers different types of binary options, including 60 Seconds, Long Term, Ladder, Pairs, and One Touch. You can earn payouts of as high as 95%.

Verum Option gives traders the opportunity to sell an option before it expires, extend an option’s expiry time, and double their trading activity at a present market price. With this, traders are able to minimize their risks and catapult profits.

Types of Accounts

Verum Option offers two main types of accounts:

  • Standard Account: If you make a minimum deposit of $5, you will get this account. The Standard Account comes with everything you need for trading successfully—education materials, support, and many other benefits.
  • VIP Account: If you deposit at least $1,000 in your trading account, you will be enrolled to the VIP Group where you can benefit from increased payouts (2% higher payouts), special care, and other lucrative benefits.

Regulation

During our Verum Option review, we established that the brokerage house, which was launched in 2015, has stayed away from fraudulent activities in the binary options industry. Maybe it is because the broker is relatively new in the industry; anyway, we will continue monitoring the situation and inform you in case of anything.

Our review also confirmed that the broker is regulated by CRFIN (Centre for Regulation in OTC Financial Instruments and Technologies) and FMRRC (Financial Market Relations Regulation Center). Therefore, this affirms that the broker is committed to upholding honesty, security, and professionalism in its dealings. More so, it authenticates that Verum Option is not a scam broker.

However, we noticed that the broker lacks sufficient regulation to operate in some places in the world such as the U.S., Iran, Syria, Japan, North Korea, UK, and some Canadian provinces.

Customer Service

Customer service at Verum Option has been integral for its success. The broker offers quality and trader-focused customer service with the intention of ensuring clients access the best conditions for trading.

Specifically, Verum Option has a team of experienced professionals who provide round-the-clock assistance via live chat, phone, or email. This has made the broker to earn various awards, including “The Best Binary Broker 2015” from ShowFX World and “The Best Broker in CIS” from IAFT Awards.

Pros and Cons of Verum Option

Pros and Cons of Verum Option

Pros

  • Simple and user-friendly website
  • Secure, convenient payment options
  • Extensive array of trading assets
  • Excellent customer service
  • Availability of mobile trading
  • Resourceful trading platform
  • Low minimum deposit requirements
  • Lucrative payouts
  • Demo account available (on request)
  • Extensive education materials
  • Earned various awards and recognitions

Cons

  • Traders from some parts of the world not allowed, including the U.S.
  • Relatively new in the industry
  • No welcome bonus

With the current increase in popularity and lucrativeness of binary options trading, getting a reliable broker that focuses on the needs of traders (and not its own) is important.

And, our review has found out that Verum Option is one of the few brokers that constantly strives to surpass the expectations of traders. You can confirm this by yourself by opening an account with as little as $5!

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