As you probably know, the Trade Rush group is one of the oldest binary options companies in this business.
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These account managers are experts in the field and are available to assist traders with any query or difficulty they may encounter during the registration period and afterwards during the trading and execution periods. Unlike many binary options brokers, U. Features Magnum Options offers over tradable assets. Magnum Options offers traders indices e.
IBM , commodities e. Oil or currency pairs e. A trader can choose multiple assets to trade at the same time. There is always an expiration time nearing a close, which constantly yields new opportunities for binary traders. The broker offers several interesting features including controlled risk whereby the percentage of risk and reward is known from the moment a trade is placed.
The Magnum Options website is simple to use. There are hedging opportunities which is a safer option to take if a trader has an open position elsewhere in currency, stocks etc. Utilizing a binary option can eliminate a further loss elsewhere. This is a very unique benefit and enables traders to make the most profits possible. This fits in with the goal at Magnum Options which is to make binary options profitable for every one of their traders.
It also reinforces the reputation gained by Magnum Options for its dependability and assistance to its account holders. Education Education at Magnum Options is important and there are several introductory, advanced and in-depth courses offered to registered traders.
There is a host of different videos which offer instruction for both beginners and advanced traders. Only bona fide account holders can view these videos. These methods include credit cards, wire transfer etc. Hence, the traders can withdraw their earnings from the site without any difficulty. Magnum Options can be a great place to start binary options trade on the Internet. The common Magnum Options complaints are a result of misunderstanding that happened with some of the traders.
For example, a few traders complain about the amount of time it takes to withdraw money from the site. The withdrawal time depends on a variety of factors and not all of these factors are under the control of Magnum Options. It depends on the currency of the withdrawal, method, and also on the day of requesting the withdrawal. When requested during the weekends or during holidays, withdrawals take longer to process.
If the traders are careful about these factors, they will not have to wait a long time to withdraw their earnings. Some people have misconceptions about the bonus offered by the site and they feel that they are eligible for the bonus even though they are not.
The bonus amount is not offered to the traders automatically. Instead, it is offered only when the traders request for it to the support team of Magnum Options.
After the request is placed the support team verifies if the trader is eligible for receiving the bonus. Those who are eligible receive a bonus amount depending on the standing of their account with Magnum Options. Magnum Options complaints are certainly not very common even though the broker has been in operation since Some traders complain about the security measures of Magnum Options as they think that these measures are not necessary at all. They do not like the fact that they have to submit numerous documents to verify their identity before they can start trading on the site.
However, their concern is not legitimate as the security measures are very important. In fact, Magnum Options is legally bound to ensure that all the traders who have an account on the site are verified before they can start trading on the site. Is Magnum Options Regulated? Magnum Options is not a regulated binary options broker. However, this is not something that should serve as a source of concern to the traders as Magnum Options is known to be a genuine broker who offers higher payouts.
It is a growing online trader that grants quality service and is very popular with traders from around the globe. The broker provides the traders with bonuses and other promotions that make it more interesting for them to trade. Thus, it is of no surprise that the broker enjoys such popularity with the traders. Regulated brokers cannot accept traders from the United States and many other countries where rules and regulations are very stringent.
Such an opportunity may not be provided to them by the regulated brokers. Despite the fact that Magnum Options is not regulated, the broker is known not to be a scam. Besides, there are barely any negative reviews or complains about the broker. The broker does not have any dubious terms or conditions that could fool the traders. Instead, the rules of the site are quite clear and they give a fair idea of how the traders can avail of the features and services offered by the site.
Magnum Options Withdrawal MagnumOptions withdrawal is secure and fast making it very convenient for people to withdraw their earnings from the site when they needed. It is not surprising that Magnum Options has become a very popular binary options broker within a short period of time. Magnum Options withdrawal is a simple process given the fact that the site offers numerous options to the traders for withdrawing their earnings. The withdrawal limit for this binary options broker is USD or EUR, depending on the currency with which the traders operate their account.
For example, if you deposit and operate your account in the site with US Dollars, you will only be able to withdraw your earnings from the site in the same currency. You will not be able to make a withdrawal in Euros. This rule regarding currencies exists in most binary options brokers and it helps them to avoid exchange rate fluctuations.
The two most popular methods of withdrawals used are wire transfer and credit card withdrawals. For credit cards, the withdrawal amount cannot exceed the amount of money initially invested to the site. The remaining amount can only be withdrawn with the help of wire transfers.
Also, the money that is invested with the help of a credit card, can only be withdrawn to the same card. It cannot be withdrawn to any other credit card.
MagnumOptions withdrawal can be cancelled by the trader during the processing of the request. This is certainly a great feature that allows the traders to enjoy flexibility in withdrawing money from the site.
Magnum Options Review This Broker is Out of Business! Magnum Options was a binary options broker owned by Solaris Vision Ltd., located at Mladost 4, Bl. Entrance 1 Floor 1/3, Sofia, Bulgaria.
Update – Finding all the warnings and scam reports it gives Magnum Options the image of another scam broker. Another sign of being of a lack of professionalism is poor, misleading inormation about the minimum deposit being in the FAQ section but under account packages. Jan 19, · Magnum Options Review Introduction It is the primary responsibility of every trader to be aware of the risks associated with the financial markets and to keep their capital protected from financial scams and malpractices/5(81).
Magnum Options Complaints | Trading experience The trading experience is the ultimate criteria. If the traders find the platform too disrupting, then there is a serious problem which the brokers should fix as fast as possible. Magnum Options don’t make it their business to prevent users from getting their funds back and their withdrawal is a straightforward process. The process is begun when users log onto the website and fill in a withdrawal request .
MAGNUM OPTIONS SCAM INSPECTION | QUALITY OF SERVICES. In order to properly evaluate whether Magnum Options scam proofs exist or not, we decided to covertly approach the platform by posing as a prospective trader.5/5. Is Magnum Options a Scam? Magnum Options is owned by Prestige Holdings and is located in the British Virgin Islands. They make use of the popular SpotOption platform for user-friendliness and easy integration. Some of the most attractive features of Magnum Options include a 10% return back even when your option has expired.