Cyprus-based and regulated PowerOption is owned by AvaTrade, one of the most well-known and trusted names in the world of Forex trading. If that isn’t enough to assure traders of PowerOption’s trustworthiness and quality as a broker, the fact that they offer one of the best trading platforms out there while providing one of the largest educational centers in the industry along with gigantic bonuses makes them one of the premier brokers operating today.
Software and Features
The exceptional platform which drives PowerOption.com not only offers useful features and a wide variety of option types, but is also incredibly intuitive and easy to learn and includes the fantastic one-click trading feature. It is also completely mobile-enabled, with both iOS and Android apps available to download. The vast educational center features videos, an ebook, an economic calendar, a walk-through of the platform, and a guide to using the mobile platform. If that isn’t enough, there is also a Power Option demo account available to every member, absolutely free. Customer service is helpful and friendly, as you would expect, and is available in multiple languages 24/5 through the live chat features or over the phone during business hours.
Option Types Offered
The asset list which was available at the time of our PowerOption review was a little bit on the thin side, with about 65 stocks, indices, commodities, and currencies available to trade on. The types of options supported include standard high/low options, long-term options, 60-second options, one-touch and range options. Options can also be sold before they expire or rolled over into another expiry period in order to preserve profits. Payouts hover around 80% with some options carrying higher profits and some losing options offering refunds.
Account Types Offered
There is no set account limit at PowerOption.com, instead each trader gets an account specifically customized for their needs and trading experience. Of course, the more you deposit the more account perks you can receive including access to personalized trading strategies, higher returns, and the chance to claim a 100% PowerOption bonus. All banking is secured by advanced SSL encryption and kept in separate accounts for security. Deposits and withdrawals can be made through credit cards, wire transfers, and various e-wallets.
Given the experience and the reputation of the AvaTrade team behind PowerOption, it is no wonder that is has quickly become one of the most well-regarded and talked about brokers in the world. The pedigree and commitment to excellence which has already made PowerOption.com famous also ensures that this broker will continue to stay on the cutting edge far into the future and that every binary options trader can feel comfortable trading with them.