Does RBOptions Offer a Demo Account?
According to our team’s research, RBOptions 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 RBOptions 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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Founded in 2013, RBOptions is a binary options broker settled in Toronto, Canada. The broker provides its traders with the trading of a variety of assets using 5 binary options trading styles such as Call or Put, Long Term, Pairs, 60 Seconds and One Touch. This broker is not an organized brand, and in the view of many binary scams online it is unusual to go for any broker without proper research. RBOptions make use of the SpotOption platform, which is a type of binary options trading platform to power their site. But, we advise you that before using RBOptions, you should verify it completely.
RBOptions Demo Account
RBOptions does provide a demo account. But it is not free – you have to deposit a minimum amount of 250 USD/EUR to carry out your trades. This amount is a bit too higher from the competitive point of view. Since the platform has a demo account feature, the traders are automatically put into a much more advantageous position where they can trade with virtual currency. Where other binary options brokers have a completely free demo account, RBOptions lacking one.
Is RBOptions a Scam?
This is a kind of question that is asked on a daily basis by many traders. It is getting more and more challenging to find out which binary options broker can be relied upon as more and more products are being introduced every week.
The company is not regulated. Though it is not exactly a proof of a scam, but the deposit amount is definitely higher than other regulated brokers, which is a disadvantage for RBOptions. And also the VIP accounts are available with huge initial deposits.
We are trying to gain information as much as possible. At this level, we are not confirmed about the authenticity of RBOptions. Thus, you should be careful while using it.
RBOptions Minimum Deposit
The RBOptions minimum deposit for the silver account is $250 making sure that new entrants and pro traders can generate money through binary options trading but with the risk of losing this amount of money. Traders should select brokers that provide the lowest investment and minimum deposits to make sure that they can really trade with the amount they deposit.
You can deposit money through credit and debit cards like Amex, MasterCard, CartaSi, JCB, Maestro and many more, but you can also use the e-wallet options and deposit money through Skrill or MoneyBookers. The processing time for deposit is quick, whereas the maximum amount for transaction is $10,000 per applicable currency. Traders can also select to wire money through the bank, but they would have to wait for more time, usually up to 5 business days till the funds are prepared and deposited.
Generally, withdrawal of funds uses the same method as depositing money like credit, debit card or bank transfer. Additionally, RBOptions offer educational options and is promising same day withdrawal approvals.
Many people are not sure about the duration of withdrawing process, but most of the times, this is based on the deposit method used by every client. For Silver accounts the request will take 3 business days to get the approval. Also the same day withdrawal is only for Broker account and VIP account which means you have to deposit a minimum of $25,000 to take advantage of them! We are not sure if this is really worth investing for.
During our research, we have found that several traders have complained against them on the online forums. However, we cannot say for sure that those complaints were legitimate. But the complaints were mainly against their withdrawals and their customer services. Though the withdrawals can be taken precaution against by reading the terms and conditions properly, you should keep in mind the above statements and be cautious when trading with this broker.
After our research we concluded that RBOptions 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.