KeyOption Broker Review

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KeyOption Broker Review

Since its introduction about a decade ago, the binary options trade has grown fast. This growth has caught the attention of many traders and the general public at large. This is because this type of investment has been widely accepted as a good investment practice that has the ability of offering high returns on investment.

Its popularity has brought with it a large number of binary options brokers who wish to tap into this booming business that has a wide client base. Many brokers are driven by the aim of increasing their profit margins at the expense of their clients. This has created a lot of disgruntlement especially to traders who feel cheated by not so honest brokers. Most of these complaints are in the areas of poor investment decisions, on the part of the broker, withdrawal problems and poor customer support. Also of importance is the type of binary options robot that is used by many brokers some of which are out there to exploit any uninformed trader. There are many robots in the market and it is difficult to distinguish between the genuine and the not so genuine ones. Some of these robots are outright scams.

It is therefore imperative for a trader to be informed about the operations of the binary options trade before they commit their hard earned money with any broker.

About KeyOption

KeyOption is owned by Nuntius Brokerage and Investments Services and is based in Athens, Greece. They use the SpotOption trading platform where traders have the opportunity of choosing from more than 180 assets to trade with. Also featured are the Long Term, High Low, 60 Seconds options which also includes Ladder, Pairs and One Touch Options. The broker also offers binary options on Commodities which include Gold, Platinum, Oil and Silver. They also provide exotic currency pairs like the South African Rand, Singapore Dollar, Turkish Lira and also the Russian Ruble. Opening a new account requires a minimum deposit of 250 Dollars.

The broker features a number of account types which are specifically designed to suit the needs of individual traders. These account types include:

  1. Standard Account – This account offers up to 250 Dollars as a welcome bonus and does not have any standard fees and no commissions are charged here. Account holders here are entitled to a one on one training session with experts and an account manager for the beginner. There are all sorts of educational materials including video library, alerts and newsroom research. It is a good account especially to beginners in the binary option trade.
  2. Pro Account – This account is opened with a minimum deposit of 1000 Dollars and has a welcome bonus of 500 Dollars. It also does not feature standard fees and commissions. You are also able to access videos and other important updates as regards your account. It also features an account manager who is at the pro level.
  3. VIP Account – You need a minimum deposit of 5000 Dollars to open this account and you can be able to win back about 2500 Dollars in terms of welcome bonus. No standard fees and commissions apply here and also feature client protection insurance. It offers you all the features that are found in standard and pro accounts. It also features a Trading Central Reports and SMS Signals.

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    Only For Experienced Traders.

KeyOption (Inactive) Review

KeyOption (Inactive)

Broker KeyOption (Inactive)
US Traders Accepted
Company Name Nuntius Brokerage & Investments
Headquarters Athens, Greece
Regulation Greek Capital Market Commission (HCMC) (license #7/481/30.07.2008)
Bonus Type Match bonus
Bonus Size $5,000
Max Payout 75%
Out-of-Money Reward 10%
Trading Platform SpotOption
Early Closure
Deposit Options Credit or debit card, QIWI, Skrill, WebMoney, Neteller
Deposit Currencies US dollar, Euro, British pound, Australian dollar, Canadian dollar, Turkish lira, Russian ruble, Chinese yuan, UAE dirham, South African rand, Swedish kronor, Singapore dollar, Czech Republic koruna, Ukrainian hryvnia, Danish krone, Mexican peso
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $2,000
Online Since 2020
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 50
Binary Option Types High/Low, Pairs, Long Term, 60 Seconds, One Touch, Ladder
Customer Support Types Live chat, telephone, email, paper mail
Education Offered FAQ, glossary, how-to pages, eBooks, videos, tutorials
Tools Offered Market reviews, early close, double up, rollover, signals, advice from a specialist
Languages English, Spanish, Romanian, Russian, Italian, German, French, Dutch, Arabic, Swedish, Czech, Chinese
Demo Account No

KeyOption is no longer operating as a binary options broker. The review presented below is no longer applicable and is presented for archive purpose only.

If you are an international trader looking for a binary options broker and you need serious flexibility when it comes to deposit currencies, you are not going to beat KeyOption. This broker is a SpotOption white label company, and for the most part it behaves like one. Most of the features are pretty typical, but there a few areas where the site excels.

One area is regulation. KeyOption is currently operated by a company called Nuntius Brokerage & Investments, which is based in Athens, Greece. It is regulated by the Greek Capital Market Commission (HCMC) under license # 7/481/30.07.2008. Regulation by a real financial authority always adds a level of trust to trading, so this is excellent.

Take note that there are a few other reviews of KeyOption online, but most of them appear to have outdated information on deposit requirements and more.

Making Your Deposit

You can get started for as little as $200 on KeyOption, and can make your deposit using credit or debit card, QIWI, Skrill, Neteller, or WebMoney. If you make a deposit ranging from $200-$99, you will be eligible for a 50% bonus. If you deposit $500 and up, you will receive a 100% bonus up to $5,000. As you might guess, the bonus carries a turnover requirement.

One thing that is amazing about this company is that they accept deposits in a huge range of currencies, not just US Dollar, British Pound, and Euro as most sites accept. You can also deposit in any of the following currencies:

  • Australian Dollar
  • Canadian Dollar
  • Turkish Lira
  • Russian Ruble
  • Chinese Yuan
  • United Arab Emirates Dirham
  • South African Rand
  • Swedish Kronor
  • Singapore Dollar
  • Czech Republic Koruna
  • Ukrainian Hryvnia
  • Danish Krone
  • Mexican Peso

That is literally the largest selection I have ever seen. So that is outstanding for customers located around the globe. Note however if you are a trader in the USA, you cannot join KeyOption for regulatory reasons.

Account Types on KeyOption

  • Micro: $500 and up
  • Standard: $1,000-$1,999
  • Premium: $2,000-$4,999
  • Deluxe: $5,000

If you deposit enough to open a Micro account, you get access to the KeyOption Academy, which includes numerous videos and a couple of eBooks, as well as daily market reviews. At the Standard level, you get to add on a trading tutorial and a one- month subscription to Trading Central signals.

At the Premium tier, you get all of these benefits plus dedicated training sessions, a three-month subscription to Trading Central signals, weekly access to a trading specialist for personalized advice, and alerts and assistance any time a special market event is about to occur. At the top level you get all of those same benefits, plus limited risk trades, risk-management education, and permanent access to the Trading Central signals.

Are there any fees or commissions to worry about? Sadly it is difficult to find anything definitive here. There are certainly no fees for depositing or withdrawing money mentioned anywhere on the site, and that is encouraging. But there is also nothing explicitly stating that there are no fees. A bit more transparency would be nice.

Trading at KeyOption

KeyOption uses the SpotOption platform. If you have done much binary options trading at all, odds are good you have already used it on another broker’s website. SpotOption is the most popular platform around. I have seen reviews stating that KeyOption either uses a proprietary platform or the platform offered by Markets.com, but these are outdated reviews.

SpotOption is very easy to use on your desktop or mobile device. KeyOption currently does not offer mobile trading access, nor do they have a demo account. These are both unfortunate drawbacks.

There are 50 assets in total that you can trade on the site, including currencies, commodities, stocks, and indices. Types of trades offered include High/Low, Pairs, Long Term, 60 Seconds, One Touch, and Ladder. Payouts appear to average around 75% for High/Low trades, which is not all that excellent. On the bright side, there is a wide range for trade sizes. High/Low trades start out at just $10 (some sites make you start at $25), and you can range as high as $2,000 ($1,500 is closer to the average industry-wide). So there is some flexibility here for account holders with larger and smaller bankrolls.

In terms of trading tools, along with the signals mentioned previously, you also can use double up, rollover, and early close to control your expiry times and trade sizes. Early close is an especially valuable tool, so this is great.

What do you do if you need to contact customer service? You can get in touch using live chat, telephone, or email. When I checked in, no one was there, but that was not a surprise as I was conducting my research on a weekend.

Conclusion: KeyOption Has Both Pros and Cons

In many ways, KeyOption is your typical SpotOption white label broker. It doesn’t particularly stand out in any major ways, and it does have a few drawbacks which prevent me from making a full recommendation.

  • Tons of currency options for your deposit
  • A wide range for minimum and maximum trade sizes
  • Plenty of nice trading tools and educational resources
  • Trading signals are offered at most account tiers
  • There appear to be no fees for depositing or withdrawing your money
  • The broker is regulated
  • There is no demo account
  • There are no mobile trading apps
  • Payouts could be higher
  • USA traders are not permitted

While I cannot give KeyOption a full glowing recommendation, there are enough positives here that I can still give them one. I do suggest that you practice trading at a demo account somewhere else before you join up however, and get in touch with customer service to test them out with a few questions before you commit.

KeyOption (Inactive) , 1.0 out of 10 based on 1 rating

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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