With the proliferation of online options brokers in the past few years, quality brokers need to do something to distinguish themselves from the pack. Empire Option has done just that through their gorgeous website, great educational center, and wonderful trading platform. The Uruguay-based and regulated EmpireOption.com has become one of the premier brokers in Latin America, and is ready to bring its excellent trading experience to the rest of the world.
Software and Features
EmpireOption.com is like no other broker’s site you’ve seen. It looks more like an IT company than a broker, and is not only enticing but informative. Links to accounts, educational tools such as videos and webinars, and Empire Option broker information are all in plain sight. By running the popular SpotOption software, EmpireOption provides its customers with one of the most powerful, and easy to use, trading platforms which is perfect for beginners. One of the few negatives is that there is no demo account offered in order to practice trades. Excellent customer service is available online or over the phone in English, Spanish, and Portuguese.
Option Types Offered
The asset list of options at Empire Option is fairly standard; they offered 52 stocks, indices, commodities, and currency pairs at the time of our EmpireOption review. On the bright side, the powerful Empire Option platform allows these assets to be traded in myriad ways, including call/put, one-touch, 60-second, roll-over, double up, and strike early options. There is also an Option Builder tool built into the Empire Option online platform, where you can set your own level of risk and reward. Payouts on in-the-money options range from 65%-81%, which is slightly above average.
Account Types Offered
One of the largest advantages of Empire Option is that the minimum deposit is a mere $100, with the minimum trade only $5. The downside of this is that the tiered system of EmpireOption accounts means that making the minimum deposit entitles traders to very little. They can trade options, and little else. At $500, traders get access to the educational resources and the Empire Option bonus program. Subsequent levels at $1,000, $5,000, and $10,000 give traders personal account managers, expedited withdrawals, higher returns, and other cool bonuses. Empire Option accepts deposits from many different sources, including credit cards, wire transfers, and e-wallets.
There is a lot to like at Empire Option, especially for newer traders getting their start in binary options trading. The interface is simple and straightforward, and their low minimum deposit means that everyone can break into trading. Empire Option has obviously spent a lot of time and effort setting themselves apart, and it has certainly paid off.