33option is a European Binary options broker, offering trading on TechFinancials binaries platform under competitive trading conditions.
33option` customers get access to an Educational center to inform themselves on basics of binary options and help them optimize their trading strategies. The broker offers online webinarstrading glossary and more.
Unlike most binary option brokers, 33option offers a single type of account. This means that 33option’s clients may not choose between different account types, but ion the other hand, treating all clients equally is a good thing.
Besides, 33option does not offer demo account either.
33option is operated by B.O. Tradefinancials Ltd., which is backed by its sister company TechFinancials, a leading provider of trading technology, which is listed on the London Stock Exchange AIM market (symbol TECH).
B.O. Tradefinancials Ltd. Is a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2013. It also operates the OptionFair binsry broker brand.
In order to provide a certain level of security, Cypriot financial watchdog applies a set of rules and requirements to license holders. For example, CySEC fined B.O. Tradefinancials Ltd. for the amount of EUR 138,000 as a contingent liability for certain regulatory breaches in the preliminary results for the year ended 31 December 2015.
CySEC requires Cyprus-based brokers to hold a minimum of €730 000 in order to prove their good financial standing and to regularly report transactions. Moreover, all CIFs are members of the Investor Compensation Fund, which may cover investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent.
In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.
Trading Options: High/Low, One Touch, Boundary, 60 Second Trades
Assets: Stocks, Indices, Currencies, Commodities
Expiry Times: 60 sec. to Long-term
Minimum Initial Deposit
The minimum initial deposit for clients of 33option is $250, which is standard for the binary options market.
The highest payout provided by this broker is 85%, which is quite good pricing. By comparison, payout percentage offered by Grand Capital reaches 86%.
What is more, 33option will refund a percentage of the invested amount even if the option expires ‘out of the money‘. Options expiring “out of the money” will typically offer a refund of 0%-15% of the investment e.g. on an investment of 100$ the refund will be $0-15$.
As we have mentioned above, 33option uses TechFinancials, a platform developed by its sister company. This trading software is one of the leading binary options platforms available, which is entirely web-based.
Apart from the High/Low, One Touch, Boundary, and 60 Seconds options, which are more or less typical, 33option’s platform also features Early Closure – a great risk management tool. The broker’s clients are able to cancel executed binary option trades during a three second window that follows trade execution. Of course, some conditions apply, such as for maximum amount of cancelation attempts is limited to 3 per day for positions with trade duration of one hour or longer.
Furthermore, 33option deliver signals via Email messaging right to clients’ emails. Although the broker expresses that option as a plus, the fact is, many binary options brokers offer signals trading is incorporated in the trading platform, which is more useful.
Methods of Payment
There are a number of payment methods available to 33option’ clients: Credit/Debit cards, Bank Wire, Skrill, Neteller, Giropay, AstroPay, WebMoney, Qiwi, cashU, Sofort & Ideal.
All clients of 33option have one fee free withdrawal every 31 days. Additional withdrawals are liable to a withdrawal fee of 30 USD, EUR, GBP or local equivalent depending on the trading currency. Otherwise, withdrawal requests are normally processed on the same day as the request or the next business day if the request is made outside normal business hours.
33option is a CySEC-regulated binary options broker, offering competitive trading conditions on the TechFinancials platform, provided by its sister company.
33option Review Conclusion
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