Option World.com is very orange. Once you adjust to the creamsicle-esque orange and white theme you fill find a broker that seems to have a lot of promise, but which is unfortunately not quite complete yet. While the platform and banking features work correctly, and work faster than with many other sites, there is not much information about Option-World itself neither is there much to learn in the educational center. Option-World is a broker to keep an eye on as it works to achieve full functionality.
Software and Features
The Option-World platform runs on the slightly older version of the award-winning SpotOption platform and not only is it easy to use, but lightning fast. Mobile apps are not yet available, though may be released sometime in the future. Likewise, a demo account is not supported, and unfortunately for new and beginning traders, there are very few educational materials offered making Option-World.com better for experienced traders. Pro traders will be satisfied with the weekly and daily market updates as well as the educational calendar. At the time of our Option-World review the live chat support was unavailable and English telephone support was only available during business hours.
Option Types Offered
Just shy of 60 stocks, currencies, indices, and commodities can be found in the Option World asset list, which is roughly about average for a new broker. The platform supports multiple option types beyond the standard high/low options. 60-second options, one-touch options, and an Options Builder are all offered along with a very cool and useful pro chart which allows open positions to be monitored on a live chart and sold early or rolled over to preserve profits. Returns sadly lag behind other brokers, topping out a measly 75% though losing trader carry a 10% rebate.
Account Types Offered
All traders start with the basic account type at OptionWorld, which including full trading accessibility as well as the chance to claim an Option-World bonus and an entry into a drawing to win a free iPad. Depending on your initial deposit, you can be offered an account with additional benefits such as faster transfers, individual coaching sessions, signals services, and even higher payouts. There are a large number of ways to make a deposit with PayPal and Skrill accepted along with standard credit cards and wire transfers.
Some of the things about Option World, like their wide variety of banking options and incredibly fast website and trading platform, give hope that when the broker fully goes live, they will provide an above-average binary option trading experience. While not ideal for new traders now, Option-World.com is definitely a site to watch, and could soon be one of the more exciting, and orange, brokers on the market.