Magnum Options Review – Scam Broker or not

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Magnum Options Review

Magnum Options strives to stand apart from other brokers and succeeds in operating differently when compared to most other brokers. Generally, the functional differences between brokers are so trivial that when the bird’s-eye view is considered, the differences have no significant impact on the trader or in the trading experience with binary options . Magnum Options mainly triumphs because of their transparency and standards of integrity that they maintain with their customers. They are doing their best in every aspect that can be measured. Even though Magnum Options does not have the official endorsement of CySEC or any other regulatory body like Malta Gaming Authority ,Magnum Option cannot be written off as a non-trustworthy site as they have been delivering excellent results.We will prove this statement with our review below.

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Claim your free binary option robot, get started with three easy steps:

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    As Magnum options no longer accepts US traders, in case you are from US we recommend you to check other brokers such as CTOption, GOptions,Porter Finance and Bloombex. The best way to get everything out of this article, is to first open a free account to Magnum Options by clicking the button below. After that you are able to test the features alongside while are reading this review.

    Magnum Options in a Nutshell:

    • Broker: Magnum Options
    • Platform: SpotOption
    • Founded: 2020
    • Bonus: Up to 100%
    • Return/Refund: 70-85%/1-10%
    • Number of Assets: Around 200
    • Minimun Deposit: $200
    • US Traders: Not Accepted
    • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
    • Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill, Moneybookers

    Magnum Options Slogan

    Bonuses

    Trading with Magnum Options as new traders has added benefits in the form of bonuses that they offer. Magnum options offer new traders bonuses ranging from 10% all the way upto a whopping 100%. Maximum bonus will be $10,000. It should be noted that larger the deposit amount, higher is the bonus percentage.

    Demo Account

    Magnum Options unfortunately has no demo account option at this point. Nevertheless, the minimum trading amount in a single trade is a measly amount of$5 and therefore the money involved in a single trade is not that significant. This is a good way to learn the nuances of trade by investing in several small trades and see how those go. Such a method can be termed as dividing the risk which is an important aspect of trading. Like they say, never put all your eggs in the same basket! We recommend you to adopt these small steps in the beginning and carrying out the minimum-amount trades until you gain a better know-how of trading and eventually, with practice trading will come much more naturally to you.

    Features of the Broker site

    Tradable assets:

    The list of assets available to trade while using the Magnum Options platform is extensive. There are around 100 different stocks, 30 currencies, 8 commodities, 50 indices and 15 pairs. Naturally, stocks are picked from the biggest global companies.

    Currency pairs encompass the most used currencies of world capital markets such as USD, EUR, JPY, CAD, GBP. AUD etc.There is an additional feature of a possibility to trade with Bitcoin crypto currency as well.

    On the other hand, the commodities list is typical of the industry standards with offers of 8 commodities to trade. They are coffee, corn, gold, oil, platinum, silver, sugar and wheat.

    The list of indices includes the most important stock markets around the world and comprises of most liquid indices as well. The indices represent several markets and industries which makes it easier for traders to find their favorite ones quite effortlessly.

    Magnum Options Ifollow where you can follow your favorite traders and copy them

    The list of pair options includes some extraordinary pairs whose success is compared with each other. Some examples of such pairs are Apple vs Amazon, Apple vs Google, gold vs silver, gold vs EUR.

    To shed light on the payout and profits offered by the Magnum Options,their average return falls around 80% with a maximum of about 85% which is overall a good number. What makes it more attractive is the refund they offer which can be up to 10% from the traded amount. This refund is offered to a trader after losing a trade. Such an offer increases the total amount of profits in the long run because some of the lost trades are refunded back to traders.

    How to trade with Magnum Options

    Magnum Options operative-platform SpotOption provides a wide range of trading possibilities that includes expiry timings apart from the options for assets as mentioned above.

    Expiry times vary between 30-300 second in the “sixty second” category. In the long-term category, expiry times range from a week to more than 15 months. These are vastly different type of investments and both have their own special advantages.

    A significant feature of Magnum Option is the Ifollow where traders can see, follow and imitate other successful traders and their individual trades. The Ifollow gathers the top traders and ranks them in order. This definitely aids to lift up your own success rate.

    One Touch Options are high payout options.

    The actual trading procedure is quite straightforward. Trader needs to choose the asset, the duration, and whether it will tend to go up or down in the chosen time frame. SpotOptions platform is clear and well designed for that.

    SpotOption is one of the most reliable platform providers in the binary options industry. Their platform is clear and easy to trade with. Magnum Options offers following option types:

    Among the aforementioned types, Ladder options have the highest available profits. By reaching certain limits in the valuet, profits can rise over 1000%. One Touch option is an additional high payout option that will be profitable if certain lower or higher pre-set limitsare reached within the duration of the trade. These are definitely worth trying if you are comfortable taking such high risks in order to gain profits.

    Ladder options offer even over 1000% payouts.

    It is highly important to possess risk adjusted portfolio in trading and therefore,it is important to select all the features of short and long term options. Magnum Options offers wide range of products and tradable assets that traders can list in their portfolio which they feel comfortable with.

    These features allow traders to build risk adjusted portfolio and divide total risk to multiple assets, markets and time frames. Such adjustments lead to best possible outcomes instead of putting all the eggs in one basket.

    Minimum trade is $5 and maximum is $5,500 for regular options which is quite a desirable option.

    Educational material and tools

    Magnum Options provides many trading video courses in their trading academy. They offer 5 courses for beginners, 8 for advanced trading, 5 for binary options and 3 in- depth courses.

    Beginner courses are about importance of learning the nuances of global trading, understanding the advantages of binary options, carrying out the trade and eventually becoming successful at it, knowing the options of change and risk, emotions in trading and distribution of risk.

    Course selections is wide and there is a lot of useful information available.

    Advanced courses handledeeper issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics.In-depth courses deal with winning tactics, basic and advanced technical analysis.

    In addition to the various training options, Magnum Options provides an eBook to its traders that covers all the aforementioned issues and many other insights and details.

    If deluge of the learning and reading materials seem too weighty to handle, there is a solution which might be just for you: a fully automated binary option robot which can help you trade better. The Real Robot will perform automatic trading according to pre-determined parameters. This helps in profitable trade even when you do not have any access to a computer or do not have the time conduct manual trade. According to us, it is the best binary option robot available that can help you to trade successfully by placing actual trades on your behalf utilizing highly sophisticated signals system. The Real Robot is fully automated options trading software that aids you to earn more money with less work. Now you can get this auto trader completely free by clicking the button below.

    Mobile trading

    The SpotOption software makes it possible to trade through a mobile application when you’re on the go and not even near a computer. The mobile version of the platform allows to make the very trades and actions that the full version does.

    With mobile version you have access to your trades and thus you can place new trades from anywhere. Mobile version is accessible through the App Store and Google Play, and you must furnish your login before being able to start using the app.

    You can trade on the go with Magnum Options mobile app.

    Is Magnum Options a scam or a proper broker?

    Magnum Options has been around for over 2 years and their excellence is apparent. Their trading platform is properly build and designed to make the best trading experience in the industry. Is it the best available option? That, we cannot determine but we can say that comes extremely close to being the better options available at least. Trading with Magnum Options is straightforward and intensive. We have not found any indication of scams at this point of time and firmly believe that there are no fraudulent activities associated with this site.

    Customer service

    Magnum Options offers toll-free international phone line number. Live chat option is available on the site in real time and the support staff can also be contacted via email and a contact form. Chat replies are quite fast and in the test conduct by us, they were able to quickly help us with the problem that we simulated. Advices meted out by the staff were relevant and was of significant help. From our experience we could gather that Magnum Option is really keen on assisting their customers with the best of their abilities.

    Banking

    There are several deposit and withdrawal options that include multiple credit cards (Credit / Debit Card: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo) and wire transfer. Wire transfers have some additional fees and therefore, we recommend using the credit card as primary method. Notice that the bonus money has to be circulated according to the terms before the withdrawal.

    There are numerous banking options available.

    Conclusion

    As this review comes to an end, we will conclude that Magnum Options is not a scam broker. Their range of assets is comprehensive and everything related to actual trading is exceptionally clear and straightforward. Educational material is extensive and even amateurs can trade successfully when they understand the messages of the video courses. Magnum Options customer service is fast and accurately straight in case of any concerns. We recommend their broker services to traders belonging to any level be it beginners or professionals.

    In our overall verdict, we award Magnum options a rating of 4.7 points out of 5 as a binary options broker site.

    Open an account and start trading with Magnum Options by clicking the button below!

    Magnum Options Review

    Broker Info

    Name Magnum Options Web site magnumoptions.com Online since 2020 Country Gibraltar, EU Platform SpotOption

    Broker Rating

    Since its foundation in 2020, Magnum Options has amassed a dedicated global client base. Its impressive return rates of up to 81%, generous sign up bonuses and varied trading options have made this platform an attractive choice for both beginners and veteran traders alike. Their educational academy is geared towards a variety of knowledge levels, offering traders both basic and in-depth courses. This truly is a platform which is wholly dedicated to meeting the needs of its clients and rewarding client loyalty with host of appealing perks.

    Assets and Trading Software

    Magnum Options is the ideal platform for top notch trading technology and has a highly diverse selection of trading tools and features. The technology used by the platform is highly straightforward, making trading accessible for traders of all experience levels. Traditional binary options trading models such as Call/Put and One Touch are offered, in addition to more exotic alternatives such as Ladder Options and 60 Second Trading.

    With upwards of 150 tradable assets on offer, investors can choose from a vast selection of currencies, commodities, stocks and indices when trading. All preferences are catered for, with the additional option of trading pairs in order to wager on the performance of two competing assets.

    Packages

    With five trading packages to choose from, clients are spoilt for choice when deciding which account best suits their needs. New to binary options and wish to test drive the platform before investing further funds? Then Magnum Options’ Mini account is ideal for you. For a minimal investment of 200 USD traders can access an array of learning resources and take advantage of the site’s numerous trading features. The Standard account offers additional attractive bonuses, including a platform walkthrough, free trading strategy and the benefit of an expert account manager to guide them in their trading decisions.

    For a deposit of 2,500 USD the Executive account provides traders with an array of advanced learning resources and specialized trading tutorials. For greater access to additional perks and benefits, elite customers can enjoy the Gold account. Traders are appointed a Senior Account Manager to help develop a successful trading strategy. Magnum Options’ exclusive Platinum package provides comprehensive access to top class services and sophisticated features. Perks include a 100% bonus, advanced lessons in data reading and unlimited trading strategies.

    Educational Academy
    Magnum Options provides new traders with a wide selection of academy courses which have been specifically tailored with beginners in mind. These include such topics as Distributing Risks and Binary Options Advantages. Once traders have mastered the basics, they can progress to the more advanced courses on offer, which coach clients in winning trading strategies, advanced technical analysis and market pattern identification. Upon signing up, all Magnum Options customers are provided with an exclusive eBook which is an essential handbook for any binary options trader. Trading jargon is explained in an accessible and easily readable manner, covering such topics as trader’s psychology, key terms and concepts, tips and trading techniques as well as how and when to trade. This guide is complimented by the regular streaming of live webinars which explain various trading options and analysis methods.

    Customer Support

    Another major advantage of Magnum Options’ trading platform is its 24/7 customer support. Traders can always rest assured that should they need assistance, a representative is contactable and can rapidly deliver a response.

    For the convenience of its international client base, traders can communicate with a member of the customer care team via email or live chat. Clients can also ring one of their numerous toll free numbers which are provided for several countries including Canada, the United Kingdom and the United States.

    Bonuses and Promotions

    As has been noted, Magnum Options awards customers bonuses upon signing up for an account, which range from 10-100% depending on the amount invested. The platform also offers the extraordinary opportunity to receive a return of 10% when an option expires out-of-the-money. This ensures that traders will never be left out of pocket, no matter what the outcome of their trade may be.

    Conclusion

    For any trader considering entering the world of binary options, Magnum Options is the ideal broker to choose. Its streamlined platform is easily navigable and traders can address their queries to a skilled customer service representative around the clock. Offering traders perks not available on any other trading platform, Magnum Options provides customers with the best value on their investments. For a broker who puts traders’ interests as its number one priority, look no further than Magnum Options.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Top Binary Options Broker 2020!
      Best Choice For Beginners!
      Big Sign-Up Bonus!
      Free Trading Education!
      Free Demo Account!

    • Binomo
      Binomo

      Only For Experienced Traders!

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