According to our team’s research, MyBOption 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.
Top10BinaryDemo cannot confirm that MyBOption can offer you a demo account. In order to avoid risking real money you can Proceed to an Approved Broker with Demo Account OR choose from the Top Demo Brokers:
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Investing directly with binary options brokers can be even more risque than dealing with auto robot software. This is mainly due to the fact that the first ones have different account types that require higher levels of minimum initial deposits. Thus, when it turns out that the platform is a fraudulent one you can lose more than if you were trading with a binary automated system.
It is therefore of utmost importance to choose just the right binary options broker. Users have to perform a preliminary examination concerning the platform. Check ups on the different types of bonuses and accounts. Verifying that it is a legit broker with a monitoring of what the online investment community’s feedback.
We decided to execute an inquiry into one particular binary options trading broker. It relates to the MyBoption. Read further if you would like to find out if it is a reliable or scam one.
What Is MyBoption All About?
This binary auto investing broker joined the family of online trading just recently. It has yet to prove itself as a trustworthy signals generating source. The team behind MyBoption claims that the sole purpose of their emerge on the market is to provide every single user with the possibility of being successful. Also, to be the ‘best broker in the binary options industry’. As they themselves state on their official website.
However, nothing could be dug up about MyBoption. Neither about the creators, nor about the quality of signals they provide. No additional information is given as to the algorithm or how it functions.
Did You Know?
MyBoption binary options trading platform has offices in three different countries around the world. They are located in: Wenlock Region in Greater London, the Dominican Republic and the most recently opened one is in Cyprus. However, no information is provided as to what exactly activity is being carried out there.
Maybe, this is where the customer support is located. It is available in Spanish and in English. It works every work day from Monday to Friday around the clock. You can reach it via email, telephone and live chat.
Is MyBoption Trustworthy Or Scam?
Online traders’ feedback suggests that there is something completely wrong with the way this binary options broker proceeds. MyBoption does provide and Economic Calendar and One-On-One consulting sessions in which investors are given advice by leading experts in the business according to the news and events in the chronicle.
Yet, most people still seem to be losing their earnings. Our investigation came to the conclusion that this is all due to the broker’s programming algorithm. It does not work correctly. Maybe the codes need to be re-written entirely.
Mode Of Operation Of MyBoption Binary Broker
The most basic way by which to judge a binary options automated broker is the computer code. If it is not correctly programmed then it will not be able to send the accurate signals to traders. They will thus execute only losing investments. Its return on investment is only 80%. This is not a very high users’ success rate. So, if MyBoption’s algorithm does not process according to expectations, then the platform should be considered a binary scam broker. It is not advisable to perform any financial operations through it.
MyBoption Account & Bonus Categories
There is not a wide variety available here. There are three accessible account types: Standard, Premium and Platinum. The binary automated broker does include a First Deposit Bonus.
Others are usually based on the volume of the executed transaction. So, basically the higher the monetary amount traders place, the bigger the bonus.
MyBoption is an online investment broker platform that is not very warmly received by the web-based trading community. It is proven to be a fraudulent binary options scam with only 80% clients’ profitability rate. We advise all of our users to try a secured and proven to function normally broker. Otherwise, you will risk losing your investments without chance of receiving them back.
After our research we concluded that MyBOption 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.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.