According to our team’s research, 53Option does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.
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53 Option Review
The binary options industry is full of pitfalls and unexpected failures due to the high number of scam brokers and scam robots. Another thing that enables scammers get their way is the lack of information and knowledge in people who would want to trade with binary options.
Our lengthy investigations are being summarized in reviews with informative purposes. We want to help you with your choice and to make a reasonable decision. The following review discusses the legitimacy of the 53Option brokerage. If you have any question concerning 53 Option, you should keep reading in search of answers.
Is 53 Option a Scam?
53Option is a trading platform that is offered to private and institutional traders as a platform for binary options investments. It is fairly new in the market and there is not enough information that can allow us to determine with 100% certainty whether 53 Options is a scam. We found a number of mixed opinions – some investors are satisfied with the offered services, other report problems with the support team and the payment methods. For now, we think it would be better to avoid 53Option and instead join a proven to be reliable broker.
53Option – Demo & Account Types
53Option offer you the opportunity to choose from four account types. Once you sign up, you get access to market reviews, 24/7 support, account manager and a free app to trade on the go. The lower two account types come with withdrawal fees, while the upgraded VIP and Diamond accounts include no withdrawal fee. The accounts are:
- Standard – the minimum deposit is $250;
- Premium – the minimum deposit is $500;
- V.I.P – the starting deposit is $2,500. The account provides you with signals and grants you access to trading sessions with experts.
- Diamond – you can open a diamond account for $10,000. It offers you a premium training package and comes equipped with expert wealth and account managers.
53Option does not offer a demo account – a crucial element that a reliable brokerage should be able to provide. That is why we do not think 53 Option can qualify as a reliable trading partner.
53Option does not seem like a broker that has special features to offer. Its educational center is empty and traders can access free training resources only after they open and fund a trading account. On the other hand, quite often binary brokers turn out to be reliable later on. 53Option is still quite new and there is time for it to develop qualities to make it a good trading partner. For now, you can choose from better alternatives.
After our research we concluded that 53Option does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.