The cool, clean, simply look of Digitoption.com masks the fact that while there are some issues with this broker, they also offer some very cool and useful features not found with many other brokers out there. In addition to their high-quality trading platform, Digitoption offers one of the highest bonuses out there in relation to deposit size along with an innovative social feature which allows traders to see what others are doing and copy successful traders.
Software and Features
Instead of going with an off-the-shelf platform, the Digitoption platform is fully customized and is unique to the world of binary option trading. Although it can take some time to get used to, it is a very easy platform to use while still giving traders the support they need. Unfortunately for new traders, there is not much in the way of training materials, demo accounts, or other educational resources. As Digit option is originally French, some parts of the English website come up in French only, although that will surely improve in the future. One of the best features we found during our Digitoption review is their Copy Trade mechanism which allows every trader to see their fellow traders’ transactions and instead of making their own decisions, simply copy the trades successful traders make. Live chat is available and the easiest way to get customer support.
Option Types Offered
Just under 60 stocks, indices, commodities, and currency pairs are offered as underlying assets at Digitoption, which is enough for most traders, especially beginners. These can be traded as digital options, 60-second options, range options, and one-touch options. Profit percentages on in-the-money traders are not quite as high as the current industry standard, with digital options only paying out around 75% at the maximum and only some out-of-the-money trades eligible for a 10% refund.
Account Types Offered
When opening a new account at Digitoption, traders are able to choose from three different accounts based on how much they wish to deposit. A relatively low $100 deposit gives traders access to the Classic account with basic trading, three daily copy trades, and a 20% Digitoption bonus. A $500 deposit qualifies for the Gold account with a 40% bonus, more copy trades, and a personalized review of trades. $2,500 grants the Infinity account with a 50% bonus, faster withdrawals, unlimited copy trades, and other great benefits. Credit cards, wire transfers, and Skrill (Moneybookers) are all accepted.
While there are a few glitches such as poor translations and the lack of a demo account, Digitoption.com is one of the best and most interesting of the new crop of binary option brokers. Given the benefits and bonuses they give with relatively small deposits, Digitoption is a broker worth taking a look at.