EmpireOption Broker Review
Our team has painstakingly researched EmpireOption to analyze and confirm their credibility as a binary options broker. Scam-rank has reviewed all aspects of their website, services, and trading platform along with the deposit and withdrawal methods.
Here’s an objective review of EmpireOption and their integrity as a broker. Find out what’s the hype around EmpireOption and what real traders are saying.
Is EmpireOption Legit Or Scam?
We decided to give EmpireOption a once over since they’ve recently set in motion the obtaining of a license from CySEC, which is a good sign that they are not a Scam since Cyprus Securities are one of, if not, the strictest regulator in the world right now. EmpireOption has been around since 2010 and located in Montevideo, Uruguay. It is owned by Baumann & Kraus Enterprises Ltd in partnership with Riverjor SA. Unlike many of the newer brokers, EmpireOption is a large and independent entity providing their own secure banking services, which again is strictly regulated by world banking commissions and various other financial security providers. As a company, EmpireOption is in the heart of the financial world and fully transparent for several respectable trading and banking establishments and committees.
An excellent way to start an evaluation of any broker is to simply browse the main site to see how much care and attention has been put into it. Scam Brokers are often easy to identify since the content is minimal, and design and usability commonly clumsy. EmpireOption immediately shows a professional and easy to navigate layout.
It is well structured, and the entire experience inspires confidence. Content is plentiful, clear, and up to date. From the site, there are a wealth of services available including access to seminars, free trade books, trading TV with financial breaking news, and direct one-to-one learning opportunities. There is an EmpireOptions community for exchange of ideas through the site, however, this is not operating to its full potential and lacking in any real value.
EmpireOption Trading Platform & App
EmpireOption chose to go with a web-based platform, which is not always a good idea. Fortunately, they selected SpotOption which is one of the best out there right now. The advantage is that there’s no need for any software download and installation. It’s not uncommon for brokers to go this way as it allows people the opportunity to trade from other computers, but there are limitations to web-based trading platforms when it comes to customization and resource options. Having said that, EmpireOption trading platform offers a wide variety of trading tools, including free trading signals, market reports, charts and graphs, a live news feed bar, and an excellent trade simulator to test out your skills and experiment with strategies with zero risk.
Another advantage of trading with EmpireOption are the types of trading available. They offer the usual High/Low, but they also give Roll Over and Double Up, which is often overlooked by many of the new and upcoming brokers. The platform itself is extremely user-friendly and ideal for both beginners and seasoned traders. Here at Scam-Rank we still prefer the MT4/MT5 stand alone software, but as web-based platforms go, EmpireOption has plenty to offer and is easily one of the best we’ve seen so far.
In order to improve reaction time, EmpireOption has developed very slick Apps for both Android and iOS allowing the possibility to trade from anywhere, at any time. The App is fully loaded with updated live charts, access to transaction history for traditional Binary Options, Short term and long term options, Forex, and One Touch for access to account and portfolio details. Both the web-based trading platform and the App are polished products and perform well.
EmpireOption Account Deposits, Withdrawals, and Bonus
Opening an account is fairly standard starting with a Micro account that requires $200 deposit and offers Weekly reports and financial analysis, a personal Account Executive, Trade books and access to Seminars. This is a good indicator that they are legit. Only trustworthy brokers go to the trouble of educating their clients.
If you are a more serious trader looking to make financial investment your primary income, the EmpirePlus account gives access to EmpireTV, Market Simulator, Economic calendar, Trading signals, and Investment strategies once your account reaches $1000. They also offer several contest prizes reaching as high as $70K, but be aware; prizes are credited the same as all bonuses and require a minimum trading volume of 30x in order to withdraw.
The lowest account starts at a friendly $200 with a withdrawal requirement of $500 in volume and twenty trades. The highest trading account is the VIP, which requires five trades and has no minimums, maximums or costs. The Plus account sits in the middle with a ten trade requirement and minimum withdrawal of $100 maxing out at $3500. Expect no more than five working days to process fund movements with the Plus accounts; the VIP gives immediate processing. For withdrawals over $1000, EmpireOption will make transactions via wire transfer. The initial deposit immediately opens the EmpireOption services. As with all high-standard brokers, EmpireOptions accept Credit or Debit Card, Money Bookers, Payza, Skrill, and Wire Transfer with withdrawals matching the deposit methods. A Plus account or higher gives a free withdrawal in the first month.
EmpireOption spends a great deal of time and effort to create attractive Bonuses which are available to all traders who ask for it specifically, so ask away. The trading volume to withdraw the bonus is a standard 30 times that bonus amount. EmpireOptions doesn’t charge any commissions or fees for first deposit traders.
Trading With EmpireOptions
EmpireOptions offers one of the best selection of asset lists in the industry with over twenty international indices from Europe, United States, and Asia-Pacific. There are eight commodities available, over twenty currency pairs, and over one hundred stocks to choose from. The massive selection makes possible a wide exposure to many markets, a strategy promoted and used by all successful traders. EmpireOption expirations are also impressive with the rare 30-second trade, and expand to end of day, end of week, next week, end of month, next month, and finally, end of year.
What The EmpireOption Clients Are Saying?
We were hard pushed to find negative complaints directed to EmpireOption, which is always a good sign. We found a few angry traders who had made a bad investment and aired their frustration with excuses such as the support team didn’t warn them or the news links that were provider were misleading. Interestingly, for every one negative comment we read, there were ten or more replies from other EmpireOptions traders who defended the broker with fervor. Loyalty from clients says a lot in itself. Not one mention of any manipulation was uncovered in our exhaustive search, no scam accusations, no funding anomalies.
The Final Verdict
The big question: Is EmpireOption worthy of trust? All indications are that the massive community of traders is satisfied with the provided services and prices. The website is clean and professional and a good indicator that EmpireOption pays attention to detail. The platform is intuitive, easy to get familiar with, and offers an abundance of options that even the most seasoned traders can appreciate.
The list of assets is impressive and ranks as one of the best in the industry. Account funding and withdrawals don’t stand out as being extraordinary in comparison with other top-listed brokers but also don’t fall short, and the expiration options are the best in the business. We feel that the numerous positive comments and reviews are justified, and consider EmpireOptions an attractive Broker worthy of your time.
Scam-Rank absolutely recommends EmpireOption.
- Personal Customer Service Experience
- Vast Trading Accounts To Satisfy All Trade Levels
- Mobile trading app
- Up to 85% Payouts – Excellent
- Very Fast Withdrawals (Especially for Upper Account Levels)
- Tons of Prizes for Clients
- FAQ Still In Development
- No Free Demo – But High Reputation