Although the name of Friends Option might lead you to believe that this is a new kind of binary options broker mixed with a social media site, it is actually not much more than a standard white label brokerage. That being said, FriendsOption.com does have some nice features such as a pleasant color scheme, high-quality user-friendly interface, and decent list of underlying assets. Asian customers will also feel welcome as it is one of the few brokers to support both Japanese and Chinese customers.
Software and Features
The platform at FriendsOption broker is powered by the famous and powerful new SpotOptions platform. It is extremely versatile and powerful while remaining incredibly easy to use as well as mobile-friendly. The features found on the FriendsOption.com website are fairly standard, although the educational center could be better stocked and a free demo account is sadly missing. That being said, traders have access to updated market analyses, a glossary of trading terms, a free tutorial and guided tour, an up-to-the-minute breaking news section, and more. Live chat support is offered in all three supported languages, and helpful customer service representatives can be contacted over the phone during the business hours of their respective countries.
Option Types Offered
At the time of our FriendsOption review there were a fairly standard number of stocks, commodities, indices, and currencies available for trade; 65 in all including a number of lesser-known Asian indices. The advanced SpotOption platform allows for these assets to be traded with many different options including standard options, 60-second options, one-touch options, and pairs options. The famous SpotOption option builder and Pro Trader platform which allows for on-the-fly adjustments such as roll overs or sell early options are also supported. Payouts are fairly standard, topping out at 81% profits and providing a refund of 10% on losing trades.
Account Types Offered
There don’t appear to tiered accounts at FriendsOption; instead customers are offered certain account benefits and a FriendsOption bonus on a case-by-case basis depending on trading history and initial deposit. Some of the benefits offered include personal account coaching, faster withdrawals, and even the opportunity to get higher percentage returns on profitable trades. Deposits and withdrawals are made securely through credit cards, wire transfers, and selected e-wallets.
While there is nothing about Friends Option that is completely new or unique, there is certainly nothing bad about it, either. It is a solid binary options broker which appeals to new traders, casual traders, Chinese-speaking traders, and Japanese-speaking traders. It is certainly worth traders checking out and finding what kinds of benefits can be claimed at FriendsOption.com.