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Review of Magnumoptions.eu

Details

Broker Magnum Options
Website URL https://www.magnumoptions.eu/
Founded 2013
Headquarters Gibraltar
Support Number +44-800-680-0683
Support Types Live Chat, Support Mail,
Languages English
Trading Platform SpotOption
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $10
Maximum Trade Amount $100000
Bonus Up to 100% first deposit bonus
Payout 82%
Free Demo Account Yes
Account Types Mini, Standard, Executive, Gold
Deposit Methods Credit Card, Debit Card, Western Union, CashU, Wire transfer
Withdrawal Methods Credit Card, Debit Card, Western Union, CashU, Wire transfer
Number of Assets 250+
Expiry Times 60sec, 15min, 30min, 1 hr, 24hr+
Types of Assets 250+
Option Types Call/Put, Option Builder, One Touch, 60 sec, Sell back options
Account Currency USD, EUR, GBP, AUD, CAD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.6

Pros

  • Good deposit bonus
  • High ROI

Cons

  • Only English
What Magnum Binary Options Can Provide in The Trading Industry

The Magnum Binary Option provides an educational academy, webinars, and other forex trade information to help traders with their knowledge of the trading industry. The Trading Platform is known as one of the best in the industry which has developed over the past several years. The platform was created to be user-friendly with excellent trading knowledge and understanding for beginners and advanced traders while reaching the highest profitability currency possible.

Their well-educated professionals are knowledgeable in finance investments within in the forex business industry and are obtainable 24/7 to assist with any questions regarding the platform functions. They offer a wide diversity of currency, stocks, commodities, and indices to trade binary options. The Platform launched in 2013, with a distinctive and unique Magnum Options user-friendly interface with no downloads required. There is no prior trading knowledge or experience necessary to join their platform.

They offer a secure deposit and withdrawal method that will have a trader earning payouts of up to 81% in no time with over 100 or more tradable assets. A member can select more than one tradable asset at a time which will give more option for a profit turnover. The primary goal of Magnum Binary Options is to educate others in forex trading while providing binary options to those interested in finance investments.

Since they began their mission, they have established their business to high standings by the support they offer. They strive to make every effort in providing their clients with the most updated information in the forex trade and other related tactics. Their fixed return option is the most recent financial tool that has brought adequate trading online accessible for all levels in the trading industry.

What does Magnum do to support and guide their clients to have a successful trade?

They provide around the clock support through their platform with a frequently asked question and educational material as well as a way to contact to a professional from their team. The educational material found on their site is inspirational to a beginner or seasoned trader in the industry. In this informational area, a beginner trader can learn why learning the trade is critical to their profit margin. Meanwhile, a seasoned trader can learn the aggressive trading 10/30 rule and how to implement it. They also offer binary options and in-depth courses with a section to look at several eBooks on trade.

What information is available on the asset index for trade?

In the asset index, they list all of their tradable assets from Stocks, Currencies, Indices, and Pairs. Under each asset, there is detailed information on the company and the times that they are available for trade as well as the expiry rule bid. The information on this index is information that each asset has provided for Magnum to place on their platform. It is helpful information that can help a potential trader choose a more efficiently and easy trade decision. For instance, the 3M Company under the stocks tab talks about who they were formerly known as, their geographical location, trading days with time frames, and the expiry rule.

What does Magnum trading platform software have to offer traders in the trading industry?

There are several features that this platform offers which provides a benefit of some kind to individuals in the trading industry. For any loyal trader that decides to use the “refer-a-friend” feature will receive a $50 bonus for every friend that deposits at least $200 or more. Another great feature, called the follow feature, is the new trading strategy tool that tracks and monitors the top trader’s achievements and success of substantial profit turnovers.

The platform does this by measuring through their success rates, trading volume, and trading amount. The following feature allows a client to choose who they wish to follow and learn from him or her. A trader can advance their skills by watching the strategies of others that they are following. The Ladder Trading feature that is available on the platform is for skilled and knowledgeable traders in the industry.

This tactic of trading requires a high-quality understanding of the financial market. When utilizing this option, a trader can see pre-defined price levels on any given asset in the call or put direction. The user then can make better investment calculations that will allow a potential earning return of 1500%. The Strategy Advisor feature is the most recent binary trading tool that Magnum has placed on their platform.

It permits a user to decide from three analytic strategies that will contribute knowledge and perspective of any given asset. To analyze their findings, they generally gather information from different formulas, past statistics, and the RSI moving averages. Another outstanding feature is the Candlestick chart that is another additional element that provides the highs and lows of an asset during any time frame that the user chooses to look at for insights.

Where does the Buy-Me-Out feature play a part in the trading industry?

It allows a client to sell or close their standing earlier than the initial expiry time. No matter what the standing status is “win or lose,” a user can click the sell button. Once the client has clicked the button, it will provide a price to close him or her standings early.

The sell-out rate is determined through a statistical matrix which looks at the past price movement. If the user agrees to the price offered, they will need to click the accepted button or the offer will disappear with three seconds. A user can access the Buy-Me-Out feature through any asset of their choosing on the platform through the Long Term, 60 Seconds, Ladder, or Binary options.

How do Magnum Options handle Deposits and Withdrawals?

They regard the safety and security of their clients. With that said, this platform provides several handy and highly regarded deposit techniques to transmit money into an account. With money withdrawals from an account, the method is straightforward and easy to do. Just choose one of the secure payment options below, and the return will transfer within a short timeframe. The first option is using a credit card or debit card that connects to an account for a secure and simple transfer.

At this time, Magnum accepts the following a Bank Wire, MasterCard, Neteller, Visa, and Maestro. The second choice is through a wire transfer from a personal bank account to a Magnum option account; this allows a client to avoid using a third party payment service. However, there are a few fees linked with wire transfers. Before choosing the wire transfer method, it is important to take some time and decipher if the costs are well worth this option.

In this review, it covered several insights about the broker and their 24/7 customer service. It also provides information on the potential amount of payout turns around with the sizeable amount of tradable assets. It gave detailed information on their informational, educational programs that is for all levels of traders. It went over all of the perks and incentives that Magnum Software Platform has to offer their clients. It mentioned a thorough breakdown of how deposits and withdrawals are handled.

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