AskOption Broker Review

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ASKoption Review

Overview

ASKoption’s key mission is to give investors the opportunity to invest their capital in binary options through our trading platform, regardless of their geographical location and level of experience.

Details

Broker ASKoption
Website URL www.askoption.com
Founded 2020
Free Demo Account
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 8.1/10

Full Review

Features

Traders have the option to trade binary options for 30 seconds, 60 seconds, 2 minutes, 5 minutes and 10 minutes. The trading platform is available in English and Arabic, and these are also languages of their customer service. The minimum deposit to open a new account is $ 250, while the minimum transaction amount is $ 5.

• Trading software: This broker uses a Panda TS platform, which is quite popular among the binary options brokers. Easy to use and well designed, an overview of its interface can be found on the website. In addition to assisting traders to make transactions, the platform allows you to copy trades of other successful traders, and users can also create their own, through the use of Option Builder. The mobile trading application, which runs on Android and iOS devices, was designed to facilitate trade in motion. Traders can get free mobile app in the store Play Google or Apple App Store.
• Trading Tools and resources: There are various options at AskOption site, which have been designed for comfortable trading. Some of these include a separate section to financial news that informs traders about what is happening in global financial markets, also the traders can gain access to the market analysis and daily reviews. Traders can also improve their trading skills through education option which is a series of educational materials, such as risk management tools, trading strategy, trading tutorials, training videos and e-books. In addition, traders will find a glossary, financial calendars, plus a very extensive FAQ.

• Bonus conditions: When it comes to bonus payments, traders must first clearly understand the conditions before they take any bonuses. To withdraw the bonus amount or any profits if the bonus was involved in it, you have to make a deal with the trading volume of 30 times times the bonus amount. This means that if, for example, you are offered a bonus of $ 100, you have to place trades for a total amount equal to or above $ 3000 before it will be possible to draw a conclusion.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
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    Only For Experienced Traders!

If we find complaints about AskOption, we will post it on social media. Follow us to be well informed:

Deposits and withdrawal

Traders at AskOption can deposit funds into their trading accounts via bank transfer or credit / debit card.
The minimum deposit amount at AskOption set at $ 250.
Traders can deposit money in the form of USD, GBP, EUR, CAD, and AUD. The maximum deposit amount is set at $ 20 000 for a credit / debit card, but there are no restrictions for the bank transfer.
You can invest a minimum of $ 5, while the maximum limit is set at $ 500 for Hyper options and $ 5,000 for other types of options.
Currently the minimum withdrawal amount is set at $ 30 for a credit card, with a maximum of $ 20,000 minimum for wire transfer is $ 100 and has no restrictions.

Conclusion

Expecting that AskOption and its trading platform will do the job for you would be a great folly. This broker has no complaints in terms of technical equipment and support, as the system will help you to predict the course of trade, and extensive training base will help you to achieve this. As one of the leading binary options brokers in the world, AskOption, has many specific and unique features and bonuses. Online traders can use them effectively. The AskOption platform meets the highest standards of reliability and security of personal data. All of this leaves no doubt that AskOption considered as one of the finest brokers in today’s market of binary options.

7 Binary Options

UPDATE (2.3.2020):

We have found out that Askoption has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
All brokers >>
Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Established in 2020, AskOption is a binary options trading platform that is owned by PeakMedia Group Ltd. Their registered address is at #2 Old Brompton Road, Suite 50, London, SW7 3DQ while their business address is Blades Enterprise Centre, John Street, Sheffield, South Yorkshire, S2 4SW, UK. Their service partners include Columbus Merchant Services Ltd (Mauritius) and LLC Tauron Services (Georgia).

Basic information:

Online since: 2020
Jurisdiction: None
Software: Panda TS
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $20000
Currencies: USD, EUR, GBP, AUD, CAD
Mobile: Yes
Countries: All nations

– Many account options
– Relatively high returns
– low minimum investment

7 Binary Options Rating:

AskOption Special Features

Servicing an international clientele base, AskOption understands that their clients come from diverse backgrounds. As such they have provided 6 different types of trading accounts for their clients to choose from.

  • Basic Account

Minimum Deposit $250

Minimum Deposit of $500

1 Risk Free Trade

Assigned Senior Broker

Daily Market Reviews

2 Live Trading Education

  • Standard Account

Minimum Deposit $1000

5 Risk Free Trades

Assigned Senior Broker

5 Live Trading Education

Daily Market Reviews

  • Premium Account

Minimum deposit of $5000

7 Risk-Free Trades

Assigned Senior Broker

10 Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

  • Ultra Account

Minimum Deposit of $15,000

10 Risk-Free Trades

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Same Day Withdrawal

Personal AskOption Rewards

As can be seen above, the benefits of each trading account vary and are geared towards different specific categories of traders. The bonuses offered are pretty generous ranging from 30% to 100%. And the risk-free trades are quite an attractive incentive. But it should also be noted that these bonuses and promotional offers come with conditions attached. For example, before you can withdraw the bonus, you need to meet the wagering requirement of 20x the bonus amount. So if you receive a bonus of $500, you need to achieve a trading volume of at least $10,000 before you can withdraw that $500 bonus or any profit made trading with it.

Have you tried automated trading yet?

Other recommended auto trading robots:

AskOption Trading Software

Unlike many binary options brokers in the industry today, AskOption uses the lesser known Panda TS platform. The platform offers traders 4 different types of option contracts. You can choose from High/Low options, Hyper Options, One Touch Options and Range Options. These options contracts typically let traders earn a maximum of 85% returns on their investments. For One touch options, the maximum return is even higher possibly reaching up to 500%.

The expiry times offered by the Panda TS platform are also quite diverse ranging from 30 seconds to 45 minutes. Although the selection of option contracts is not as many as those found on the popular SpotOption trading platform, the Panda TS platform does make up for this deficiency by offering a powerful copy trading feature. Beginner traders can easily follow what the top traders are buying or selling by watching in real time the Top 10 Trades social trading board. In addition, there are more than 100 different types of underlying assets available for trading. So the fact that there are just 4 different types of options contracts to trade with isn’t really an impairment for most traders at AskOption.

Screenshot

AskOption Support Information

For traders who need help, the support team at AskOption is available to render assistance 24 hours a day 7 days a week. To request assistance from customer support, AskOption’s traders can contact the support team through email, live chat or over the telephone. Traders in U.S, UK, Canada and Russia also have the benefit of having localized telephone support as AskOption have provided localized support telephone numbers for these 4 countries. Their website is also available in Russian hence making it easy for Russian-speaking traders to navigate around the website.

AskOption Banking Info

Currently, AskOption only supports credit/debit cards and wire transfer for the funding of trading accounts. Withdrawals are also conducted through the same methods. As for the processing of withdrawal requests, the typical processing time is 5 business days. For credit card withdrawals, the minimum amount that can be withdrawn is $30. As for withdrawals conducted through wire transfer, the minimum withdrawal amount is $100. Traders are given one free withdrawal per calendar month. Subsequent withdrawals which are made within the same calendar month are liable for a service fee of $30 per withdrawal.

The AskOption trading brand is owned and operated by a holding company called PeakMedia Group Ltd. They have 2 service partners namely Columbus Merchant Services Ltd a Mauritius-based company and a Georgia-based company called LLC Tauron Services to provide ancillary services. Although AskOption is based in the UK, the broker is not regulated by any financial regulatory body. Nevertheless, given the fact that AskOption has been around for 2 years and had no major complaints against it, they have proven themselves to be a dependable and trustworthy broker. With the benefits that they offer, AskOption is actually quite ideal for beginner traders who are just venturing into binary options trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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