Launched in 2011, Opshom was one of the very first binary option brokers to focus primarily on the Asian market, offering their platform in Chinese and Japanese in addition to English. Not only have they become one of the most popular and well-respected Asian brokers in the past few years, but the simplicity of trading at Opshom.com along with the flexibility of low minimum deposits and great banking options, have earned them a following across the globe.
Software and Features
The trading platform at Opshom.com is powered by the highly-regarded Tradologic platform, whose simple interface and high speed makes it perfect for both veteran and beginning traders. Mobile trading is also supported through the online platform. The educational and training resources at Opshom are quite basic with just a couple of small articles along with a free ebook. However, one of the best features of this broker is that they offer a demo account with $500 of play money which is a realistic amount which new traders can really benefit from. Customer support is fast, friendly, and attentive and best contacted through live chat or through the support form found on the website.
Option Types Offered
The list of assets available to trade is somewhat smaller than found at most brokers with 52 indices, stocks, commodities, and currencies listed at the time of our Opshom review. Any of these assets can be traded as digital option, 60-second options, touch options, boundary options, and range options. The platform also allows for options to be closed early or rolled over for another expiry period. Profit percentages are quite respectable, ranging from 70%-85% with range options as high as 300% and some losing trades carrying rebates.
Account Types Offered
Accounts at Opshom are personally tailored to each trader based on his or her trading experience and deposit amounts. It is recommended that anyone creating a new account should contact customer service to see which benefits, including an Opshom bonus, they might be eligible for. The minimum deposit is only $50, making it easy for anyone to get started trading options. Banking is done securely via SSL encryption and deposits and withdrawals can be made using major credit cards, wire transfers, and even by personal check.
Compared to some of the other brokers in operation today, Opshom is quite a basic broker which doesn’t offer a huge asset list of tons of extras. This is actually a strength in that it allows Opshom to focus on providing great service to the customer, which they do through their excellent customer support, flexible banking options, and fantastic demo account. Opshom may be specifically targeted towards Asian traders, but this broker is a great choice no matter where you are from.