Grand option is a new broker that only have been on the market since 2014. They have quickly become popular due to their well designed platform and how well run the site is. The broker is an excellent choice for beginners since the site is so easy to navigate and due to the fact that they only focus on over/under type options. You do not need to learn how different types of binary options work.
They offer broad selection of different binary options based on different types of underlying financial instruments. The largest section is the section containing binary options based on shares. They only offer a lower number of different options based on commodities.
They offer a very good “acadamy” for players who want to learn how to trade with binary options. All their educational material is well designed and easy to understand.
The return on a regular classical binary option is 87%.
They are based on Cyprus and use a license from Cyprus Securities Exchange Commission (CySEC). Grand option is owned by Rodeler Limited.
Bonus
Grand Option does not offer one fixed bonus. They instead opt for offering different bonuses as part of different campaigns. Their bonuses are often generous but some campaigns are more generous than others. It can be a good idea to check back with this broker regular to see what bonus they offer at every given time. Their bonuses might give you extra money or risk free trade. A risk free trade is a trade where you get your money back if the option matures outside the money.
Software for online trading
Grand Options have choose not to develop their own custom trading platform. They use a platform provided by Scipio. Scipio is a company that specialize in developing software solutions for brokers of binary options. The platform is built using HTML. You do not need to download any software. The platform works just as well on all computers. It does not matter if you use a Mac, an Ubuntu computer or a windows based system.
The platform contains a lot of useful features such as a built in news feed and trading signals from a third party. The platform allows you to close all positions early.
The software is very easy to use and make it very easy to trade.
Software for mobile trading
They offer a very well designed mobile trading platform that is available for iPhone, iPad and Android. The platform is very easy to use and it is always very easy to find what you are looking for. The software is stable and we have not experienced any problem with it during the time we spent with it. You do not need to download any app to trade on your mobile. You can trade using the same html based software that you use on your computer.
Types of binary options
Grand option focuses on regular classic binary options with different maturities. The maturities can be anything from a few seconds to several days. The offer a number of different functions that you can use to make the trading more interesting and potential more profitable. I recommend against using these functions as they make it harder to consistently make money.
Accounts
Grand option does not offer any demo account. If you want to try to trade for virtual money you should choose another broker. You can still chose to register with grand option once you are ready to start using real money.
The broker is offer 4 different account types. The more you trade and the more money you deposit the higher account level you will get. The 4 account that they offer are; regular, gold, platinum and diamond accounts. Each new level brings with it a selection of new perks. The perks become increasingly valuable as you get to a higher VIP level.
Financial instruments
Grand option offer a relatively small selection of binary options. The options are based on commodities, currency pairs, indices and share. The selection of commodity based options is very small. Most of the options are divided between the other 3 types of underlying instrument. The section with share based options is the largest section but the sections for indices and currency pairs are almost as big.
Support and banking
Grand Option offer a support section staffed with well trained personal. The personal can quickly and professionally resolve all your questions. The support can be contact via email and live chatt. They do unfortunately not offer support by phone at this point in time. This is however not a problem since they quickly answer any questions you might have.
They make it very easy to deposit money. The smallest deposit that you are allowed to make is USD 250. You can use a large number of different types of credit cards to deposit money. You can also deposit money through a number of e-wallets and by wire transfer.
The selection of methods that you can use to withdraw money is a little more limited but it is still were easy to withdraw your profits.