Goptions is a binary options broker formed in 2009 and based in the British Virgin Islands. While Goptions no longer accepts US clients, there are several reasons why European traders should consider investing in their services. Here’s everything you need to know about trading with Goptions.
Types of Accounts
Goptions offers five different account types, so there’s definitely an account for every type of investor. The accounts include: Micro, Mini, Standard, Gold, and VIP.
Micro – The Micro account requires a minimum deposit of at least $250 and includes up to a 50% welcome bonus. Micro account users also get access to a daily market analysis and weekly trading webinars.
Mini – Mini accounts require a $500 deposit. This account comes with a massive 100% welcome bonus and four $25 risk-free trades.
Standard – Opening a Standard account requires a $1,000 deposit. This account includes access to senior agent support, free strategies, a 150% welcome bonus, access to a premium news aggregate, and four $50 risk-free trades.
Gold – A $5,000 deposit gets you access to the Gold account. It comes with a whopping 200% welcome bonus, a private Skype chat room, 10% lifetime loss insurance, a 5% added payout to a specific asset for High/Low options, and four $250 risk-free trades. For investors looking to make it big in binary options, this is the account for you.
Trading With Goptions
Goptions trading is done on the SpotOption platform. The profit potential is always high because of the number of ways to trade their 120+ assets, no matter your account size.
The ways to trade Goptions includes:
- High/Low options
- Turbo options (short-term High/Low options)
- Long term High/Low options
- Pairs trading
- One Touch options
- Ladder options
- Standard Forex trading
- Spot Follow social trading
- Limit options
Trading on the Goptions platform comes with several additional features, all of which can help minimize risk while maximizing profit potential.
The Rollover feature allows traders to extend their expiry to the next period. Early Exit makes it easy to cancel a trade before the expiry time’s conclusion, while Double Up lets you double the wagered amount on any given trade in the event you know you’re looking at a winning position. Another feature that not all binary options brokers offer is the Strategy Advisor.
Strategy Advisor is a Goptions feature that includes three technical indicators: RSI, Moving Averages and Bollinger Bands. When applied onto any given asset, the script will analyze current price action and market conditions, and then give a recommended direction to trade in – all you have to do is choose an expiry and you’re all set for the ultimate hands-off trading experience.