There isn’t much to the Hedefoption website and what is there does little to impress. But perhaps that is what Hedefoption, perhaps the first binary option broker to be based in Northern Cyprus, had in mind. Although there are many things missing from Hedefoption.com which are standard at most other brokers, the simplicity and cleanliness of the site and platform can be attractive to some. Even though they may not offer many extras, Hedefoption does what it does well and without unnecessary complications often found with other brokers.
Software and Features
Both veteran and beginning traders will be happy to see that Hedef option uses the updated SpotOption platform, which combines superior functionality with intuitive features. Newer traders would benefit from a demo account, but the video tutorial, glossary, and short how-to articles are enough to at least familiarize newbies with binary options and the platform. There are also daily and weekly market reviews provided in order to give more experienced traders the information they need to profit. Customer service is available in four languages over the phone, email, and through live chat, although response times can be a bit slow during our Hedefoption review.
Option Types Offered
The advantage of using the SpotOption platform is that traders have access to many different types of binary options including standard digital options, 60-second options, and one-touch options. Hedefoption.com also offers a customizable option builder platform as well as a Pro Trader platform which allows for adjustments on the fly such as closing a position early or rolling over a profitable trade. Around 70 underlying indices, stocks, commodities, and currency pairs are currently supported. Profits are below the industry average, however, with maximum payouts only reaching 75% with 10% returns on losing trades.
Account Types Offered
It does seem that Hedefoption does its best to take care of its customers by personalizing each and every account to the needs and trading habits of the trader. Depending on how much you deposit and how much you trade, you could be offered such perks as a hefty Hedefoption bonus, individual coaching, faster withdrawals, and every higher returns. Speaking with a customer service rep when you create an account can ensure that you get the best possible account. Secure transactions are available via credit cards and wire transfers.
There is very little about Hedefoption that stands out and makes traders sing its praises. On the other hand, it is a solid platform which delivers on exactly what it promises, even if it doesn’t promise that much to begin with. Traders who know what they’re doing and want to generally be left alone to do it will find that Hedefoption.com may be the platform they’ve been looking for.