ASKOption is a relatively new binary options broker, having only appeared in the financial market in 2015. Operated and owned by the Peak Media Group Ltd with their base in the city of London in the UK, this broker offers investors the chance of binary options trading with high payoffs of up to 85%. Although this is a fairly new broker, ASKOption already have quite a large and loyal client base thanks to their concentrated social media and social trading approach. Their innovative methods have led to them becoming a popular and exciting choice among those looking for a new binary options broker. If you are interested in switching brokers or are taking your first steps into binary options trading, this ASKOption binary options broker review will give you enough information about the services and featured offered by this provider to help you to decide easily whether this could be the right choice of broker to meet your individual needs.
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ASKOption Account Types and Trading Options
ASKOption have no less than 6 different account types to choose from, so it couldn’t be simpler to find out to meet your needs, regardless of how much experience you have in binary options trading. In order to open the lowest level Basic account, you need a deposit of between $250 and $499, making it a good choice for those dipping their toes in the water of the financial markets for the first time. Those with more experience will prefer one of the higher level accounts which come with a variety of benefits. These benefits include the services of an assigned senior broker, daily market reviews, access to educational resources and expedited withdrawals, with the advantages increasing with the higher level accounts. The Mini account requires a deposit of between $500 and $999 while the Standard account requires a $1000 to $4999 deposit, and there are three accounts that are more suited to the needs of the experienced and professional trader including the Premium account with its minimum deposit of $5000, the Ultra which requires a deposit of $15000 and the top level VIP account which necessitates a $50,000 investment. There are more than 80 tradable assets to select from overall, across a broad spectrum of commodities, currencies, indices and stocks. Account holders have a great choice of options, from basic High/Low to Boundary, One Touch, Pairs and 60 Seconds. There is also the option of Rollover and early exit to minimise risk.
ASKOption Trading Platform
ASKOption have chosen to use the Panda TS trading platform which is user friendly and intuitive. The Panda platform is especially well known for its social trading focus and its helpful client features. It can also be accessed via a mobile application which is available for download from either the Apple Store or the Google Play Store. The trading platform also offers an impressive range of educational resources to assist newcomers to binary options trading to find their feet in the markets as well as advanced courses which are aimed at honing the skills of more experienced traders. The website offers traders a great range of expiry times on all trades, from as short as 30 seconds right up to end of day trades. That means that there is something for everyone, from those who appreciate longer term trades to those who enjoy the excitement of a fast paced trading environment.
ASKOption Customer Support and Deposit and Withdrawal Options
ASKOption provide customer support in several different languages including Russian, Arabic and English for the convenience of their clients. The website has a web form which can be completed to obtain further information as well as an email address which can be used to contact the support team. The site also lists five different telephone numbers, one in the UK, one in the United States, one in Canada, one in Australia and one in Russia. These numbers are open for use between the hours of 8 am and 11 pm GMT by anyone who requires an urgent response to their query. There is also a Live Chat facility on the website where clients can receive instant information.
ASKOption have secure banking methods available for traders to use when depositing and withdrawing funds into and from their trading accounts. Five major currencies are supported for trading – the US Dollar, Australian Dollar, Canadian Dollar, British Pound Sterling and the Euro, however there are only three methods available to choose from, all of which are traditional forms of payment – credit card, debit card and bank wire transfer. This means that those investors who prefer to use the more modern e-Wallet methods will be disappointed. Withdrawal requests are processed within three to five days once the necessary documentation has been received and reviewed. This is a security feature which is welcomed by those investors who value the safety of their financial information. The minimum deposit required for an ASKOption trading account is $250 and the minimum trade value has been set at $15.
Overall, ASKOption is becoming a more popular choice among traders who like the concept of social trading, however their lack of variety in their withdrawal and deposit methods does pose a drawback for those who appreciate the convenience of the e-Wallet methods. ASKOption’s customer service is reputedly good, however, and their excellent range of different accounts mean that it appeals to a wide audience.