Magnum Options Broker Review

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Magnum Options Review

Magnum Options strives to stand apart from other brokers and succeeds in operating differently when compared to most other brokers. Generally, the functional differences between brokers are so trivial that when the bird’s-eye view is considered, the differences have no significant impact on the trader or in the trading experience with binary options . Magnum Options mainly triumphs because of their transparency and standards of integrity that they maintain with their customers. They are doing their best in every aspect that can be measured. Even though Magnum Options does not have the official endorsement of CySEC or any other regulatory body like Malta Gaming Authority ,Magnum Option cannot be written off as a non-trustworthy site as they have been delivering excellent results.We will prove this statement with our review below.

Introduction Video

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Is Magnum Options an Excellent or Bad Broker? Scam or Trusted One? Read the Full Expert Review Here! Important Information, Must Read Before Investing!

How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

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    • BINOMO
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      Only For Experienced Traders.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    As Magnum options no longer accepts US traders, in case you are from US we recommend you to check other brokers such as CTOption, GOptions,Porter Finance and Bloombex. The best way to get everything out of this article, is to first open a free account to Magnum Options by clicking the button below. After that you are able to test the features alongside while are reading this review.

    Magnum Options in a Nutshell:

    • Broker: Magnum Options
    • Platform: SpotOption
    • Founded: 2020
    • Bonus: Up to 100%
    • Return/Refund: 70-85%/1-10%
    • Number of Assets: Around 200
    • Minimun Deposit: $200
    • US Traders: Not Accepted
    • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
    • Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill, Moneybookers

    Magnum Options Slogan

    Bonuses

    Trading with Magnum Options as new traders has added benefits in the form of bonuses that they offer. Magnum options offer new traders bonuses ranging from 10% all the way upto a whopping 100%. Maximum bonus will be $10,000. It should be noted that larger the deposit amount, higher is the bonus percentage.

    Demo Account

    Magnum Options unfortunately has no demo account option at this point. Nevertheless, the minimum trading amount in a single trade is a measly amount of$5 and therefore the money involved in a single trade is not that significant. This is a good way to learn the nuances of trade by investing in several small trades and see how those go. Such a method can be termed as dividing the risk which is an important aspect of trading. Like they say, never put all your eggs in the same basket! We recommend you to adopt these small steps in the beginning and carrying out the minimum-amount trades until you gain a better know-how of trading and eventually, with practice trading will come much more naturally to you.

    Features of the Broker site

    Tradable assets:

    The list of assets available to trade while using the Magnum Options platform is extensive. There are around 100 different stocks, 30 currencies, 8 commodities, 50 indices and 15 pairs. Naturally, stocks are picked from the biggest global companies.

    Currency pairs encompass the most used currencies of world capital markets such as USD, EUR, JPY, CAD, GBP. AUD etc.There is an additional feature of a possibility to trade with Bitcoin crypto currency as well.

    On the other hand, the commodities list is typical of the industry standards with offers of 8 commodities to trade. They are coffee, corn, gold, oil, platinum, silver, sugar and wheat.

    The list of indices includes the most important stock markets around the world and comprises of most liquid indices as well. The indices represent several markets and industries which makes it easier for traders to find their favorite ones quite effortlessly.

    Magnum Options Ifollow where you can follow your favorite traders and copy them

    The list of pair options includes some extraordinary pairs whose success is compared with each other. Some examples of such pairs are Apple vs Amazon, Apple vs Google, gold vs silver, gold vs EUR.

    To shed light on the payout and profits offered by the Magnum Options,their average return falls around 80% with a maximum of about 85% which is overall a good number. What makes it more attractive is the refund they offer which can be up to 10% from the traded amount. This refund is offered to a trader after losing a trade. Such an offer increases the total amount of profits in the long run because some of the lost trades are refunded back to traders.

    How to trade with Magnum Options

    Magnum Options operative-platform SpotOption provides a wide range of trading possibilities that includes expiry timings apart from the options for assets as mentioned above.

    Expiry times vary between 30-300 second in the “sixty second” category. In the long-term category, expiry times range from a week to more than 15 months. These are vastly different type of investments and both have their own special advantages.

    A significant feature of Magnum Option is the Ifollow where traders can see, follow and imitate other successful traders and their individual trades. The Ifollow gathers the top traders and ranks them in order. This definitely aids to lift up your own success rate.

    One Touch Options are high payout options.

    The actual trading procedure is quite straightforward. Trader needs to choose the asset, the duration, and whether it will tend to go up or down in the chosen time frame. SpotOptions platform is clear and well designed for that.

    SpotOption is one of the most reliable platform providers in the binary options industry. Their platform is clear and easy to trade with. Magnum Options offers following option types:

    Among the aforementioned types, Ladder options have the highest available profits. By reaching certain limits in the valuet, profits can rise over 1000%. One Touch option is an additional high payout option that will be profitable if certain lower or higher pre-set limitsare reached within the duration of the trade. These are definitely worth trying if you are comfortable taking such high risks in order to gain profits.

    Ladder options offer even over 1000% payouts.

    It is highly important to possess risk adjusted portfolio in trading and therefore,it is important to select all the features of short and long term options. Magnum Options offers wide range of products and tradable assets that traders can list in their portfolio which they feel comfortable with.

    These features allow traders to build risk adjusted portfolio and divide total risk to multiple assets, markets and time frames. Such adjustments lead to best possible outcomes instead of putting all the eggs in one basket.

    Minimum trade is $5 and maximum is $5,500 for regular options which is quite a desirable option.

    Educational material and tools

    Magnum Options provides many trading video courses in their trading academy. They offer 5 courses for beginners, 8 for advanced trading, 5 for binary options and 3 in- depth courses.

    Beginner courses are about importance of learning the nuances of global trading, understanding the advantages of binary options, carrying out the trade and eventually becoming successful at it, knowing the options of change and risk, emotions in trading and distribution of risk.

    Course selections is wide and there is a lot of useful information available.

    Advanced courses handledeeper issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics.In-depth courses deal with winning tactics, basic and advanced technical analysis.

    In addition to the various training options, Magnum Options provides an eBook to its traders that covers all the aforementioned issues and many other insights and details.

    If deluge of the learning and reading materials seem too weighty to handle, there is a solution which might be just for you: a fully automated binary option robot which can help you trade better. The Real Robot will perform automatic trading according to pre-determined parameters. This helps in profitable trade even when you do not have any access to a computer or do not have the time conduct manual trade. According to us, it is the best binary option robot available that can help you to trade successfully by placing actual trades on your behalf utilizing highly sophisticated signals system. The Real Robot is fully automated options trading software that aids you to earn more money with less work. Now you can get this auto trader completely free by clicking the button below.

    Mobile trading

    The SpotOption software makes it possible to trade through a mobile application when you’re on the go and not even near a computer. The mobile version of the platform allows to make the very trades and actions that the full version does.

    With mobile version you have access to your trades and thus you can place new trades from anywhere. Mobile version is accessible through the App Store and Google Play, and you must furnish your login before being able to start using the app.

    You can trade on the go with Magnum Options mobile app.

    Is Magnum Options a scam or a proper broker?

    Magnum Options has been around for over 2 years and their excellence is apparent. Their trading platform is properly build and designed to make the best trading experience in the industry. Is it the best available option? That, we cannot determine but we can say that comes extremely close to being the better options available at least. Trading with Magnum Options is straightforward and intensive. We have not found any indication of scams at this point of time and firmly believe that there are no fraudulent activities associated with this site.

    Customer service

    Magnum Options offers toll-free international phone line number. Live chat option is available on the site in real time and the support staff can also be contacted via email and a contact form. Chat replies are quite fast and in the test conduct by us, they were able to quickly help us with the problem that we simulated. Advices meted out by the staff were relevant and was of significant help. From our experience we could gather that Magnum Option is really keen on assisting their customers with the best of their abilities.

    Banking

    There are several deposit and withdrawal options that include multiple credit cards (Credit / Debit Card: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo) and wire transfer. Wire transfers have some additional fees and therefore, we recommend using the credit card as primary method. Notice that the bonus money has to be circulated according to the terms before the withdrawal.

    There are numerous banking options available.

    Conclusion

    As this review comes to an end, we will conclude that Magnum Options is not a scam broker. Their range of assets is comprehensive and everything related to actual trading is exceptionally clear and straightforward. Educational material is extensive and even amateurs can trade successfully when they understand the messages of the video courses. Magnum Options customer service is fast and accurately straight in case of any concerns. We recommend their broker services to traders belonging to any level be it beginners or professionals.

    In our overall verdict, we award Magnum options a rating of 4.7 points out of 5 as a binary options broker site.

    Open an account and start trading with Magnum Options by clicking the button below!

    Magnum Options

    Magnum are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

    Alternatively, these are our Top 3 brokers based on Ratings:

    Binary.com $5 90% » Visit Binomo $10 90% » Visit BDSwiss $10 N/A » Visit

    Magnum Review – Archive

    Magnum options offers 5 different account types for every type of trader from the Mini account for those who have never traded before to the Platinum account for the advanced trader. Each account has its own special features and bonus structure. Magnum options are offering a 100% bonus for deposits of $1000 or more (Executive Account) and offer a variety of financial tools to help you make profitable positions. Check out the Magnum Options eBook. Choose between their Mini, Standard, Executive, Gold and Platinum Accounts. Minimum deposit is $200.

    As always, registering an account is very simple, and only requires minimal details. Once entered, you can browse the website like a regular trader, including seeing many features not visible for non-registered visitors. However, you will obviously need to put in a deposit in order to actually start trading.

    Platform Features & Markets Offered

    • 9 FOREX Currency pairs
    • 7 Commodities
    • 23 Indices
    • 22 stocks in various markets including Nasdaq and the European Markets

    Magnum Options uses a very user friendly trading platform. However they have done a lot of work to personalize it and make it look unique. The layout really is easy on the eyes and has a good feel to it.

    The Magnum Options user interface is currently available in 3 different languages: English, Italian and German.

    The initial trading page consists of 5 different platforms, which we’ll go into later in the review. The main page has only one graph in it, with a scrollable asset list on the left. You will only be able to see currently live and tradable assets on this list. Any asset to which the market is currently closed simply won’t appear on that list. You can always go to the full asset list for a full list and to see when a certain asset will be available for trading.
    Regular binary options’ trading is called CALL/PUT at Magnum Options. The main screen gives you pretty much all the information you need to make a trading decision and everything is neatly laid out. The graph goes back slightly more than one hour and different expiration times can be chosen.

    In order to put in a trade, you simply click the call or put buttons, and choose how much you want to invest.
    The payout rates are extremely competitive and vary depending on the asset. However, Magnum options do have a protection rate on many of their assets. This protection rate is basically a rebate that the trader receives if the option lands out of the money.

    In addition to providing the expiry rate of the options you have purchased, Magnum Options provides a complete list of expiry dates for all options that have recently expired, regardless of whether or not you have purchased these options. This is critical to establishing trust among customers, as a broker who provides a full list of expiry rates to the general trader community has a much harder time manipulating expiry rates per specific trader. This is something that many traders often accuse brokers of doing if they are not happy with the results.

    As for the unique features, Magnum Options gives you some very useful features.

    Onetouch is a nice trading tool. This tool allows you to put in orders during the weekends as well.The binary options needs only to reach (or touch) the strike price once during the week following the purchase for the option. Once this happens, the option immediately becomes in the money and will expire profitable. The profit percentage depends on how far the strike price is from the security at the time of purchase, so the profits can be HUGE!

    Options Builder is definitely one of my favorite trading tools. This tool gives you a lot of freedom in choosing what binary options you’d like to trade. You can choose which asset you’d like, exactly what time the option will expire, and what your payout will be (!). Yes, you can choose what the ratio is between the ITM payout and the OTM rebate. This is great, as this allows the trader to perform much more trades and learn the ropes with much less risk of suffering a large loss. This tool is also very good if a trader opts in for a bonus upon signing and needs to generate a certain amount of trading traffic before the bonus liquidates into real funds.

    The Open Platform
    is the open or advanced trading platform. The main advantage of this platform is that you can sell back your option before expiration. This is great for risk management and for locking in your profits if you’re not sure your stock will finish ITM.

    60 Sec’

    Magnum Options also offer the 60 second speed trading feature. This feature is hugely popular with many traders as it gives you an adrenalin rush! For those who want to give it a shot, there’s not much to lose since the minimum trade amount for the 60-second option is an impressive $5.

    A 60 second trade at Magnum Options

    Is Magnum Options a Scam?

    Magnum Options is owned by Prestige Holdings and is located in the British Virgin Islands. They make use of the popular SpotOption platform for user-friendliness and easy integration. Some of the most attractive features of Magnum Options include a 10% return back even when your option has expired. Magnum Options is one of the leading brokerages with advanced features and excellent trading tools to make binary options trading a breeze. In addition to this, they offer cutting-edge payment gateways to traders, which are at par with the leading brokerages, to safeguard all their transactions on their platform.

    Magnum Options is definitely one of the top binary options brokers currently running. This means that you can rest assured that your money is safe. Offering a demo account is also a big plus, as many traders like to get a feel before going and spending real money Magnum Options have really gone all-in with their platform, and offer some of the most useful trading tools out of any of the brokers around.

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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