As one of a growing list of off-the-shelf SpotOption binary options brokers, RazorOptions looks like and offers very much the same as many of its competitors. That being said, RazorOptions follows through on what it promises and provides a high level of service and customer support. For traders who like their trading simple and straightforward, and who want to take advantage of the enormous $5,000 bonus offer, RazorOptions.com could be the perfect fit.
Software and Features
Razor Options runs the latest version of SpotOption’s trading platform, which is the most intuitive and simple, yet powerful platform in the world. It is also mobile-enabled, and both Apple and Android apps should be available in the near future. Beyond the platform itself, RazorOptions doesn’t offer much in the way of extras or special features. The educational resources, including the training video, are enough to learn how to use the platform, though a demo account would be nice to see. Established traders have access to a news feed as well as daily and weekly market reports. RazorOptions.com itself is quite well-designed so that everything you need is just a click away including access to the 24/7 live chat customer service and local office telephone numbers.
Option Types Offered
At the time of our RazorOptions review, the same 60 or so different indices, stocks, commodities, and currencies that you see everywhere were available as underlying option assets. One of the best parts of Razor Options is that the trading platform is exceptional, supporting long-term, call/put, 60-second, and one-touch options as well as featuring a versatile Option Builder and the Pro Option platform where you can monitor open positions and ensure profits by selling options early or extending them. Payouts are average, with profits ranging from 70% to 81% and certain out-of-the-money trades featuring rebates up to 10%.
Account Types Offered
It is highly recommended that new clients who create an account at RazorOptions contact a customer representative when they sign up. This will allow Razor Options to create an account suited to the needs and experience of the trader, and also ensure that you are eligible for the RazorOptions bonus, which can be as much as $5,000. Other account perks include personal coaching, faster banking, and even higher payouts. Banking is secured by SSL encryption and can be done through major credit cards and wire transfers.
The exceptional trading platform and the chance to get as much as $5,000 in bonus cash are the two things that separate RazorOptions from other, similar brokers. It’s important not to underestimate how important both of those factors can be, and for any trader searching for a straightforward and easy broker to use which offers a huge bonus, RazorOptions.com is the first place to look.