Goptions Full Review Page
General Information about Goptions
Binary options are the newest new form of online trading. With binary options, a trader can make profits by correctly predicting that the price of an asset will rise or fall within a certain time period. Binary options are a form of fixed return investment, so you cannot lose more than the cost of the option but can make profits up to 1250%.
An up and comer among binary options firms, GOptions was designed by financial professionals with decades of trading experience. Founded in 2009, GOptions has already developed a reputation in the sector for its innovative trading platform and well-reviewed customer support.
Given the rapid growth in the binary options industry and the firm’s top reputation, it’s time to publish a thorough review of GOptions.
One of the most rapidly growing binary options companies in Canada is Porter Finance. Porter Finance was founded by a team of financial experts with years of trading experience. The firm is well-known for its cutting edge trading platform and exceptional customer support. Due to its significant growth in recent years, we decided to take a look at the company in more detail.
Trading Platforms Offered
With GOptions advanced trading platform, investors from all around the globe can invest in currency pairs, commodities, stocks and equity indices. Investors can choose from a range of binary options, including:
- Pairs. With pair option contracts, traders try to predict which of a pair will perform better over a specified time period. Popular “pairs” include Gold versus Silver, Apple versus Amazon and Facebook versus Twitter.
- OneTouch options, where traders predict whether the price of a given asset will reach a predetermined target. Correctly predicting the direction can result in profits of greater than 80% on your put or call option.
- Binary options include several investment products, with the most popular being as high/low options. High/Low options give traders a chance to predict whether an asset price will increase or decrease.
- Long term options range in expiration date from one week to one year, and can lead to up to 90% profits.
- Turbo options are much like high/low options, but also include 30, 60 and 120 second options.
- Ladder options are a type of binary option contract where traders choose from a range of price levels at equal intervals (ladder rungs) and a range of expiration dates. Unlike traditional binary options, with ladder options, the profit is “locked in” when your asset hits the target price of your call or put. So even if the price moves down after hitting your target, you still receive the profits.
The user interface at GOptions has been designed to be simple and easy to use. The easy-to-understand interface allows traders to see their potential payout, the expiration times of the options and the current value of the assets.
GOptions also offers a number of useful trading related features, such as Top Trades, which lists the most profitable trades for the day and week, and the Spot Follow tab, where you can choose to “follow” the trades of other successful traders (ie, make the same trades).
Investment Products at GOptions
Traders who open an account at GOptions will have access to a variety of investment products as described above. Financial markets available for trading for account holders include, forex, commodities, stocks and stock indices.
Educational Tools and Support
Most binary options trading firms offer their clients some educational and trading resources, but no other firm is as committed as GOptions to improving its traders’ investment strategies and performance.
Backing up words with actions, GOptions provides clients with a broad range of educational tools and support to help them maximize profits. The educational offerings include articles, a series of online video courses, an eBook and weekly training webinars from market pros.
The training courses provide an introduction that covers the basics of binary options, trading global financial markets and how to become a successful trader. At GOptions, we believe the more educated traders are, the more likely they are to make profits and continue trading with us.
The advanced topics in the training courses include an overview of the various types of risk management, spotting trends and in-depth market analysis. After you take these courses, you will have a much better grip on financial markets, which should boost your ability to predict market movements correctly.
Also check out GOptions Training academy, which offers more than a dozen courses for beginners and advanced traders.
Account holders also receive a comprehensive eBook. The eBook, written by experienced traders, focuses on:
- Psychology and behavior
- Essential concepts and terms
- Tips for a successful trading
- How to use trading tools
- Practicing basic and important technique’s
- Learning when and how to trade
The weekly webinars are led by options trading experts Mike Roberts and Adam Stone, and the webinar topics rotate to include a basic introduction to binary option trading and a variety of advanced trading strategies involving technical analysis. Adam Stone also provides exclusive Daily Analysis for GOptions clients.
GOptions offers clients five types of accounts to choose from – Micro, Mini, Standard, Gold and VIP. All accounts include bonuses ranging from 25% to 200%.
GOptions accounts at the level of standard and above receive a resource bundle (Netdania chart link, Oanda news aggregate link), and password for entrance to a Skype chat room with senior agent support for regular market calls and strategy sessions.
Accounts at the Gold and VIP level also come with a 10% lifetime loss insurance and 5% extra payout on your favorite asset for standard binary up down.
Banking is simple and easy at GOptions. You can make a deposit into your account using a credit or debit card, using an internet payment processor or via wire transfer from your bank.
Using a credit or debit card to make a deposit into your account is instant and secure. GOptions supports Visa, Visa Electron, and accept deposits in the following currencies: USD, EUR, SGD, CAD, AUD, and GBP.
With a wire transfer, you can send money directly from your bank account to your binary option trading account. Keep in mind that most banks charge a fee for electronic wire transfers. Please contact websupport@GOptions.com to deposit funds by wire transfer.
You can also fund your account using internet payment processors such as Skrill, Neteller or Web Money.
GOptions has a “No Hassle Withdrawal Policy” that is unmatched in the industry. All eligible clients receive same day withdrawals, which means the money will usually be in your bank account in just a few days. Note that same day withdrawals require submitting a copy of a current photo ID and proof an address.