TopOption used to be very popular not only on the European market but also in the Czech Republic, Slovakia, and Poland.
This is mainly due to its licensing and registrations in Europe and also due to its Multilanguage support more than 20 languages supported. TopOption is a web based binary platform with quick easy set-up, as there is no download. It has been established since You can also use their platform on your iOS or an Android based cell phone.
Lately we have seen a lot of cases that should not have happened. Some of them you can see below in comments, but I also have more information from e-mails of concerned trades. Please read this updated review. Amongst downsides is that TopOption does not accept U. Unfortunately, this paragraph is no longer valid. They used to be the top broker for middle-europeans several years ago, but not anymore. Newer brokers overpassed obsolete Topoption very quickly. See comments below and find out why.
This broker is based on a platform which used to be offered by many more brokers such as winner option later renamed to 24winner and cancelled afterwards or Option Time cancelled also. All the other brokers working on this platform were acquired by TopOption and now is the sole provider of the platform. Their platform is lightweight and offers diverse types of trades such as classic high-low binary options, second options, touch and no touch options. The only issue I registered was that early in , before migration to the new platform, options sometimes did not expire on time.
That would sometimes cause that second binary options ended out-of-money. TopOption broker has changed its platform three times during the past 2 years. But not just that. Even the management of the company has changed 3 times. There have been countless changes in terms and conditions and a lot of irregularities. It is true that we used to recommended this broker before, because we believed that it was just a misunderstanding. Unfortunately it seems it was not what we thought.
Read the comments of real traders under the review and tell us your opinion as well. Do you want to try trading with TopOption without risking your money?
Then their demo account is a great place to start. Customer support service operator will configure your demo account and afterwards, upon login, you will have a choice of either real account or demo account. In case you do not want to tie your funds right away, you may withdraw your funds right after registration and opening the demo account.
Withdrawals of funds to your bank account usually take around 3 business days. Therefore, you can get the topoption demo account access completely free.
Customer support live chat staff is more than friendly not only in English but also in any language you might be interested in using. Unfortunately this is not true anymore.
I was a witness of how the customer support urged traders and how, by using various manipulative techniques, they were trying to get the customer to deposit more than they would have. I think that a good customer support should not behave this way. TopOption offers different account types according to the size of your initial deposit. The main difference is the level of support you get from your account manager.
However, only in some countries. I think that this is a great success and for sure a great feeling. However, something happened that no one had expected. From one day to the other the trader lost all his money. The broker or their representatives told the trader that he earned all that money by a mistake because of a system error.
The trader informed me, that he is going to ask for help the Czech National Bank, which unfortunately has not released any statement yet. We can take one valuable lesson from this which I already follow. Always withdraw your earnings. Do it at least once a week or at most once a month.
If suddenly your broker denies paying you your earnings, you are going to realize it immediately and you are going to have at least something in the bank already. It is true that we used to recommend TopOption broker as the best choice it was a long time ago. It was mainly because there were new brokers with better offers. To which broker is it possible to entrust your money without being afraid?
Check out our comparison of all brokers. I suggest you to choose one of the first three brokers. You can find the tips on what broker to choose here: They closed my account and they did refund me neither my profit nor the funds I deposited on the account. Here is the mail they sent me:. We hope this email finds you well! Unfortunately, due to recent events, we are informing you that your account is being closed for future usage.
Be careful with TopOption. They promised me a bonus and then I got nothing. This happened to me twice. A broker contacted me and explained me some basics, but he did not say anything about analysis. I lost my money so I wanted to quit, but they contacted me again and persuaded me.
I got another broker who tried to train me a little, but he was repeating the same over and over again. After 14 days I got another broker who was trying to persuade me to accept some great opportunities. He promised me again to get a bonus and I agreed. After making a deposit nobody contacted me for three weeks and of course I did not get any bonus money.
In the end I got a message from another broker who reproached me quite sharply for my inactivity and pushed me to make a trade in which I lost a lot of money. Their platform is quite slow and reacts too late. At least four times happened that at the end of the trade the counter was in green color and suddenly it changed the color to red. This happened always when I made trades with bigger amounts. So just be careful with TopOption. Hi, under the new legislation of CySEC it is not possible to offer bonuses.
Anyway thank you very much for your review. Hi Step and George. At first I would like to thank you for your site, which presented me to the world of binary options few weeks ago and which is always pushing me forward.
I have no idea what I would do without your educational site. Whenever I need something or when I have some troubles, this is the place, where I always find the answer. This and much more are simply information that nobody provides you anywhere, certainly not for free. All the information provided helps me a lot and I would like to thank you once again and say that I hope you are going to continue with your great job.
I guess there are still a lot of people like me, people, who have learned about binary options a short time ago and who want to learn how to trade on the binary option market. Such people really need your advice. I am a bit careful. So I would like to ask you, what broker would you recommend me to get started?
IQ Option broker or Stockpair broker? What do you think? Thank you very much for your advice and I hope you are going to continue with your excellent articles. Hi Carl, thanks for your kind words, it really warmed my heart. Otherwise, as a novice trader I would definitively recommend you stockpair. They have higher minimum deposit than IQ Option, but it is not too bad.
The important is that their platform is completely simple to use and they have great support. The important is that they have free demo account. Hi, I also like to thank you for your site.
There are a lot of good advices for beginners. I highly recommend it as a start. They platform is just somewhere else than the platform of TopOption. Email will not be published required. Subscribe me to your awesome newsletter! No US or Canadian customers allowed to register Platform can be slow at times Not recommended to use anymore. This is what the trader saw in his account statement.More...