- Easy to use trading platform
- Excellent customer support
- Various educational materials
- Large selection of tradeable assets
- Not regulated
- Off-shore trading brokerage
- Simple trading platform for advanced traders
Option500 is an international online trading brokerage offering the trading of forex and CFDs on a variety of financial assets. The brokers goal and vision is to provide easy to use and understand investment services to traders from all around the world. Option500 was established in 2012 and is owned and operated by Option Solution Group Ltd with their headquarters located in the Commonwealth of Dominica at the Corner of Great Marlborough And Great George Street, C&H Tower, 3rd Floor, PO Box 2320, Roseau, 00152. Option500 may be located in Dominica, but the broker offers their services to traders from all over the world with some exceptions, like the United States. The brokers website and services are available in 4 languages, English, German, Italian and Arabic. Option500 is an offshore trading brokerage and are not registered or regulated by any reputable regulatory authority. While this poses a security concern, it doesn’t necessarily mean the broker is fraudulent or unsafe to deal with. In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Option500 apart from the competition and whether or not they can be trusted.
Option500 features their very own proprietary web-based trading platform. The whole premise of Option500’s trading platform is to provide traders with the simplest and most easy to use and understand trading interface. The platform is clearly geared towards beginner traders as it is simple and intuitively designed. Traders can clearly see and understand the interface as there is a chart on the right of the screen with the orders window directly below. To the left of the screen are the available tradeable assets which can be easily selected. The charting tools and features are very limited but do offer simple drawing and analysis tools with 17 technical indicators. It’s unfortunate that the chart can not be viewed in full screen as the platform does support one click trading but is not nearly as sophisticated as more advanced trading platforms. However, for a beginner trading platform, Option500 does an excellent job at providing an easy to use platform with decent tools and features. Also, the platform is accessible via both Android and Apple smart phones and tablets for trading while on the go.
Option500 provides traders with a wide array of tradeable assets so that they can diversify their portfolio and trading strategies. There really is something to trade for everyone, no matter what your trading style or risk level is. Option500 strives to accommodate all types of traders, especially beginners. That being said, Option500 features tradeable assets in the forex, commodities, indices, stocks, and cryptocurrency markets. See below the tradeable assets included in each market.
- Major currency pairs: 28 pairs
- Minor currency pairs: 10 pairs
- Exotic currency pairs: 8 pairs
- Bitcoin (BTC)
- Ripple (XRP)
- Litecoin (LTC)
- Ethereum (ETH)
- Dash (DASH)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- FTSE MIB
- Over 100 stocks across various sectors including Health, Tech, Consumer Goods, Energy, and more
Fees and commission
Unfortunately, Option500 does not state on their website anything regarding associated fees or trading fees. However, according to some user reviews, the associated trading fees are reasonable and comparable to the industry standards.
Security and fairness
Option500 has 6 years of experience in the online trading industry and has never been reported as being unsecure or fraudulent with their services. Though the broker is not licensed or regulated, they still have a good reputation among traders in the online trading industry. As well, Option500 employs the latest and greatest security measures for protecting user’s data, funds and information. For instance, the broker utilizes SSL encryption on all payments over the web and holds user funds in segregated accounts. As for the brokers fairness to traders, they are very fair and offer the same level of service to each and every trader. All clients have access to the same financial assets, resources, and level of support. Also, clients who are more dedicated traders and deposit higher amounts of money will be rewarded through Option500’s various bonus programs.
Option500 offers their traders a wide variety of methods of support. For instance, traders can contact support via email, live chat, online contact form, or telephone 24 hours a day, 7 days a week. Also, upon signing up and depositing funds into your account, you will receive a one on one chat either online or through telephone with an expert account manager. The one on one experience helps the client get started with an investment plan customized to their individual needs. Additional methods of support include an extensive FAQ page and an informative learning academy that’s packed with articles, videos, guides, tutorials, a glossary, webinars, and more. Option500 goes above and beyond with educating and supporting their clients.
Overall, Option500 is a reputable online trading brokerage who offers an extensive list of tradeable assets and an easy to use trading platform that’s perfect for beginner to intermediate traders. Option500 may not be regulated, but the broker has managed to provide top of the line and secure services for over 5 years now. Also, Option500 caters to beginner traders by providing them with an excellent level of personalized customer support and numerous educational resources. If you’re a trader just starting out, Option500 could be a good broker for you.
The following are the common questions that customers inquired about Option500.
Is Option500 regulated?
No, unfortunately Option500 is not yet regulated.
Is Option500 a scam?
No, Option500 is a legit broker with a good reputation.
Where is Option500 based?
Option500 is located in the Commonwealth of Dominica at the Corner of Great Marlborough And Great George Street, C&H Tower, 3rd Floor, PO Box 2320, Roseau, 00152.