The OptioNow broker website is not packed with exciting graphics and welcome videos designed to lure starry-eyed newbie investors. Instead, OptioNow.com has a very basic, simple look with a sunny blue and yellow theme. OptioNow is obviously looking to draw more experienced traders and some of their features, such as high returns, good bonuses and access to a free demo account, do indeed make this broker quite attractive.
Software and Features
Based in Gibraltar, OptioNow is powered by the legendary SpotOption platform, giving them incredible power while maintaining clarity and ease of use. However, they still run the older SpotOption platform meaning some later features are missing and mobile trading is not supported. One huge plus is that OptioNow.com features a free demo account, which is becoming rarer and rarer these days. Their educational academy has been enhanced recently by the addition of more videos and an e-book, making the site more appealing for new traders as well as experienced ones. Veteran traders will like the trading signals service offered with some accounts. Customer support is about average in availability and helpfulness, with both live chat and telephone support available.
Option Types Offered
One of the complaints about OptioNow had been their incredibly small asset index, so it was a pleasant surprise to find they had expanded their asset list to more than 100 stocks, commodities, currencies, and indices by the time of our OptioNow review. The trading platform supports call/put, one-touch, 60-second, and pairs option trading on all assets. Returns at OptioNow are quite high, as much as 85%-89%, although they confusing write it as ’185% payout’. Some losing options carry rebates as well.
Account Types Offered
OptioNow prefers to treat each trader individually, and as such doesn’t have a set account structure. Instead, accounts are tailored to meet the needs of each trader based on their history and deposit amount. The minimum deposit is $100 and can be made securely via credit card, and qualifies traders for a basic account as well as a OptioNow bonus. Their bonus is one of their best features, as depending on the initial amount deposited, traders can earn as much as a 150% bonus. Contact customer support for more details on how to claim the bonus.
There are many positives to trading with OptioNow, such as their high returns, large bonus, and demo account. It is also nice to see that some complaints from the past, such as a small educational academy and tiny asset list, have been addressed and rectified. This shows that OptioNow.com is dedicated to providing its traders with the best environment that it can, and that they will continue to improve in the future.