While well-known in Japan as one of the best and most reliable Japanese binary options brokers, SmartOption now also offers their trading platform to the wider global community through their English-language website found at SmartOption.jp. The English version of SmartOption is not quite as good and complete as the Japanese one, but there are some features that some traders may find very attractive.
Software and Features
The SmartOption platform is powered by SpotOption, which means that it is one of the most well-known, trusted, and easy-to-use platforms out there. Mobile trading is also available for on-the-go traders. Unfortunately, much of the excellent educational resources, guides, and articles have not yet been translated and posted on the English website, making Smart Option a broker which might be difficult for beginners. However, veteran traders should have no problem navigating the platform and making profitable trades. Live chat support and telephone customer service was only offered in Japanese at the time of our SmartOption review, with English support available only through an email form.
Option Types Offered
Around 50 or so stocks, commodities, currency pairs, and indices make up the SmartOption.jp list of underlying assets. While slightly below the industry average for assets, the number of ways these assets can be traded is immense. The platform supports regular options, 60-second options, one-touch options, and pairs trading. Additionally, there is a customizable Option Builder and an Open Platform where trades and adjustments, such as selling an option early, can be made directly from live charts. One of the biggest advantages of SmartOption are their payouts, which can reach as high as 90% while out-of-the-money traders have refunds of as high as 10%.
Account Types Offered
Anyone opening a new account at SmartOption should contact customer service when they open their account in order to find out what account benefits might be offered to you. A SmartOption bonus is offered on first deposits, while traders can qualify for additional account perks like automatic trading and faster withdrawals depending on their trading experience and the amount they deposit. The easiest and most secure way for global traders to make deposits and withdrawals is with a major credit card such as Visa and MasterCard.
Given the fact that the English portion of SmartOption.jp is still new, new traders who are looking for a lot of support may want to look elsewhere. That being said, experienced traders who want a no-nonsense broker with a good platform and high payout percentages will probably find SmartOption to their liking. And as more services are added in more languages, this broker is bound to get better and better.