Important Facts
- Platform: Powered by the SpotOption, the industry’s largest platform provider.
- Regulation: TopOption is a trading name of Safecap Investments Ltd. the operator of Markets.com, Finexo, ECMarkets and ForexYard who have held a Cysec licence for a number of years. TopOption’s platform provider SpotOption also holds a Cysec licence which they acquired in 2011.
- Unique Features: TopOption offers 1 to 1 coaching and was the first Binary Options platform to operate with their own Cysec licence and not under the SpotOption label.
- Instruments: Over 200 different instruments including Stocks, Commodities, Indices and Forex.
- Minimum Deposit: $100 and minimum Option size $100
The Platform
As TopOption is powered by the SpotOption platform things are pretty much as you would expect. If you have used a Binary Options platform powered by SpotOption before you will instantly recognize the layout and you should be able to start trading in no time. Those who have no experience with Binary Options trading should be able to learn how to use and trade Binary Options in no time. Due to the fact that TopOption is powered by the SpotOption platform there is nothing particularly unique about the TopOption platform as their are a number of other platforms which offer similar features etc. This being said the design of the TopOption platform is pretty nice and is easy on the eyes which is always a plus. However as far as I can tell their is no mobile trading platform on offer at TopOptio which is a little disappointing.
Special Features
Being a SpotOption powered platform there is nothing particularly unique when it comes to the trading platform. However, TopOption offers one to one tuition regarding the trading of Binary Options. I can’t answer how good this one to one tuition really is, but it is still may be a nice feature for those who have no clue about trading or Binary Options. More interestingly TopOption was the first Binary Options platform to be fully MiFID regulated in its own rights, previously all platforms relied on the regulation of SpotOption who powers the software of the platform. However recently other Binary Options providers have gained full regulation most notably Banc De Binary.
Customer Service
I can’t find many neutral reviews of TopOption yet, so its hard to judge the quality of the customer service. But generally Safecap Investments Ltd. gets pretty decent coverage regarding their customer service. I had a brief live chat with the operators at TopOption and they seemed helpful and nice enough. TopOption also provides a number of different ways to contact the customer support at the company. The location of where TopOption is based is also very transparent, so my first impressions seem pretty positive.
Regulation
TopOption is trading name of Safecap Investments Ltd. who hold a full Cysec licence. As Cysec is part of MiFID this allows TopOption to accept clients from throughout the Eurozone. It also provides investors with up to 20,000 Euros compensation should Safecap Investments Ltd. go under. This provides you with a decent amount of protection should Safecap Investments fail. Currently Safecap Investments Ltd. has a completely clean regulatory record with Cysec.
Overall, while I don’t rate Binary Options as a product preferring CFD’s or Financial Spread bets, I would have to say that TopOption is probably one of the better Options for those who want to trade Binary Options.
