Option888 Broker Review
Learn all of the ins and outs of one of the best online trading platforms in this Option888 review.
Option888 is a trading platform designed for both traders and investors. Owned by Altair Entertainment in Nevada, it is licensed by the Curacao eGaming organization. The government of Curacao oversees and regulates the trading platform.
All of the common trading options, including currency pairs, commodities, stocks, and indices can be traded on the options market. All of the best security features are implemented into each financial transaction to ensure the safety of all traders.
Option888 offers three forms of binary trading options in a sleek and intuitive user interface. Digital trades involve assessing whether the price of the traded asset will rise above or below a “striking” price before the price for that trade expires.
Also available is “In Touch” trading where traders must determine whether an asset will cross or touch a price threshold before the trade expires. Depending on whether the asset reaches its peak or “strike” price, payouts usually range between 75% and 89% of the original trading value. Finally, “In Range” trading involves predicting whether an asset will close in a certain price range before its time on the trading floor expires.
Option888 also offers blue-chip stock trading on all currently available commodities, including copper, coffee, sugar, crude oil, gold, and silver. 20+ currency pairs are available for trading, including United States Dollar and Bitcoin trades. DOW, NASDAQ, FTSE, and Nikkei are monitored by Option888.
With a global customer base, Option888 offers customer support in English, German, French, and some Scandinavian languages. All customer service representatives can be contacted using an online form or by sending emails directly to the company. However, the company recommends searching the FAQ before contacting customer service, as many common questions and answers have been posted here by the support staff.
Deposits and Withdrawals
Global currencies like USD, GBP, NOK, DKK, SEK, and EUR can be deposited or withdrawn from your Option888 account by way of wire transfer or credit card. Option888 also offers deposits through alternative methods like Trustly, Sofort, Ideal, and PaysafeCard.
Withdrawals are credited to customer accounts by credit card deposit, wire transfer, or a mailed check from Option888.
Currently, the minimum deposit amount is $250 and the maximum daily deposit is $1000. Each trade must meet a minimum of $10 per transaction. The minimum trade amount is significantly lower than other trading platforms to encourage new traders to gain experience in the trading markets.
Bonuses are offered to new traders to encourage them to use Option888 instead of a competitor. Currently, Option888 will match 100% of your first deposit up to a maximum of $888.
Option888 makes it easy for both new and long-term traders to trade on currency and options markets. Deposits and withdrawals are easy and prompt and make Option888 an ideal trading platform for those of any trading skill level.
- Live Chat
- Phone Support
- Available in English, German, French, and some Scandinavian languages
Asset Choice Rating – 9
- 163 Stocks
- 30 Currency Pairs
- 20 Commodities
- 27 Indices
Deposit Method Rating – 9
- Wire Transfer
Minimum Deposit Rating – 8
- 250 USD
Withdrawal Rating – 10
- All withdrawals done before 18:00 GMT+1 will be approved the same day.
Minimum Trade Rating – 8
- 10 USD/GBP/EUR and 100SEK/DKK/NOK
Trading Features Rating – 8
Payout% Rating – 9
- Up to 89%
- Early exit and extend your trade
- Videos and e-books
- Platform in 7 languages
- Demo accounts