According to our team’s research, Option888 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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Option888 – Full Broker Review
This broker review is going to be focused on the detailed investigation of the trading performance and scam/legit status of one binary trading platform called Option888. It is founded in 2014 by alleged experienced traders from Germany and Sweden. However, the brokerage is not regulated, nor has it license number. Now, it is available with a new website, that is said to be designed in extremely user-friendly interface. So, in the following text we are going to check the profitability rate of this platform in order to find out whether it is reliable income-generating partner or not.
Option888 – First Look at the Platform
It is stated that the main aims of the brokerage are focused at 3 specific areas: withdrawal, trading platform and customer support service. The developing team claim that they have put a lot of efforts in order to reassure their customers about their funds’ security. In addition, they seem to be proud with their available trading tools and training tutorials and video materials.
Still, the biggest promise to the traders is that they can take advantage of extremely fast withdrawal service. That should mean that any withdrawal request that is sent before 18:00, will be approved the same day. However, we were not able to find any reliable feedback to confirm this information.
Is Option888 a Scam or Not?
At this point of our investigation, we are not able to say for sure that this online binary options broker service is scam. However, there are no reliable users’ testimonials, nor there is any other feedback in the Internet. Therefore, we are inclining to believe, that Option888 is not authentic and trustworthy.
To sum it up, we would advise online investors not to deal with this broker, at least for now. They should better continue their search in order to find a really reliable and legit binary trading platform.
Trading Options at Option888
This binary online broker offers trading on the Forex market as well as the well known binary options tradable assets – currencies, commodities, stocks and indices. Their asset list consists of fair variety of online trading choices for the people. In addition, online investors may choose between different expiration periods in order to place the most suitable trade on the market. The four main kind of trading options are: Digital – (the traditional High/Low options), Range (will the asset price remain within two preset values), Turbo (very short term binary options with very short expiry period) and One Touch (will the asset price ‘touch’ a preset level).
Option888 – Withdrawal & Deposit
Option888 broker offers a good range of deposit and withdrawal options. Apparently, their aim is to make traders believe that all the withdrawal requests placed before 18:00 are going to be resolved the same day. This is a bold commitment, which ensure that traders are not going to experience any delays beyond those imposed by the banking industry. On the other hand, deposits can be made at any time. The minimum initial amount is £250 and the maximum is £5000. Finally, Option888 use Comodo SSL to ensure payment information is encrypted and secure.
After our research we concluded that Option888 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.