Another in the new generation of regulated brokers to come out of Cyprus, Grand Option has chosen to put a new spin of the design of their binary option broker platform. The GrandOption.com website looks more like a news site than a traditional online broker, which is a breath of fresh air. However, looking further, there are certainly some issues with how the site and broker is set up. That being said, the Grand Option educational center is excellent, and the trading platform itself has everything that traders need.
Software and Features
The Tech Financial engine powers the Grand Option broker platform so traders know that it will be easy to use while still offering all the tools necessary to make quick, accurate trades. Despite the fact that there is no demo account, the educational academy has more then enough articles, videos, and e-books to get new traders started The rest of GrandOption.com can be a bit confusing, as some parts of the website are hard to find or contradict other parts. Along with telephone support, live chat customer service is supposedly available 24/7 but could not be reached at certain times.
Option Types Offered
About the standard number of stocks, currencies, indices, and commodities that you would expect from a new broker are supported; 75 at the time of our Grand Option review. High/low options, short-term (60-second) options, one-touch options, and boundary options are all available to trade with top-notch charts supplementing the trading environment. Exact limits for in-the-money returns are a bit hard to pin down, but it looks like most trades offer profits between 70% and 85%. Losing trades are eligible for refunds up to 10% as well.
Account Types Offered
Three different account levels are currently offered by Grand Option: Standard, Superior, and VIP. Traders who qualify for the standard account will have access to the trading platform and all the normal features of GrandOption.com. Superior and VIP account holders get higher returns, individual coaching, faster withdrawals, and more. It is important to contact customer support before registering in order to see what account you can qualify for as well as how high your Grand Option bonus offer will be. Banking is securely transacted through credit cards, wire transfers, and e-wallets like Neteller.
The fact that Grand Option is regulated in the EU is a good sign that any problems they might currently have will be ironed out in the future. That certainly doesn’t mean that GrandOption.com should be avoided though, as many traders, especially beginners, will find the educational academy worthwhile and enjoy using the high-powered binary trading platform.