7option Review

7option

Broker 7option.com could be considered a relatively young operator in the binary market (it was founded quite recently, in 2015), if not for one “but”. The project was created within the framework of VerumFX Ltd, which has long and successfully provided its clients with brokerage services in the Forex market. Thus, behind the shoulders of the founders of the company there is sufficient experience in providing financial services in the remote investment market .

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Verum Option is a laureate of various specialized exhibitions and the owner of five prestigious awards (information about them is on the company’s website), so we can assume that this broker has come to the market “for a long time” . Therefore, there is confidence that the organization will try to meet the expectations of its clients, many of whom, by the way, already had trading experience (in transactions with Forex assets), cooperating with Verum Limited. At the moment, no negative feedback has been found in the traders’ feedback on the work of this company.

Legal issues

The advantage of the broker is the presence of the CROFR certificate (Certificate RU 0395AA Vv0075), which was issued by the main company and applies to all financial products. The fact that the platform is accountable to the Russian regulator makes it much easier to resolve issues and resolve problems for its customers living in the Russian Federation and neighboring countries. In addition, the organization is a member of the stabilization fund, which is managed by the CROFR. Registered broker of binary options Verum in Saint Vincent and the Grenadines (island and independent state in the Caribbean). Traditional (for market operators) registration in an offshore zone gives the company’s clients certain advantages.

 

Trading conditions

Like many operators that have appeared on the market recently, this resource offers a very democratic “entry threshold” . Requirements for the minimum amount of replenishment of the deposit are limited to $ 5, while the minimum investment amount is $ 1. Such conditions allow for a successful start for a novice trader (excluding large losses), and also give an experienced investor the opportunity to test the platform with practically no cost. To get started, you need to go through a simple registration (you need a phone number) and replenish the deposit. It is recommended to immediately go through the verification procedure of the account (scanned copies of the passport will be required) in order to subsequently exclude the occurrence of any difficulties with the withdrawal of money.

Profitability, instruments

Working with this platform assumes a good return on investment – the average profit is 85% of the contract amount (except for high-risk types of contracts, where the yield is much higher). However, this indicator of profitability is not very different from the average market value; the real advantage of the broker’s trading conditions is a very impressive set of assets. The trader has about 200 market assets at his disposal, including currency pairs, securities of the world’s largest corporations, as well as commodities and stock indices. Few binary brokers offer this range.

Contracts

Contracts

Verum Opshn offers a line of the most demanded contracts. Traders can use classic options (High / Low), which are complemented by the following varieties: long-term contracts (LONG TERM) and transactions with ultra-short expiration dates (60 SEC) . In addition, paired options (PAIRS), Ladder (LADDER), Japanese variant of Ladder (J LADDER) and Touch (ONE TOUCH) are offered. Recently, CFD contracts have also appeared on the platform for trading with leverage, stop loss and take profit.

As an additional toolkit, the broker offers options that allow you to extend the expiration date of the contract (if the trader is confident in the direction, but believes that the price will not have enough time), or sell the contract before expiration. In addition, it is possible to quickly double the investment amount after the transaction is concluded.

In developing its products, the company had the opportunity to focus on the experience of its more experienced colleagues, and chose only those contracts that are really very popular. Consequently, in these areas, good liquidity is provided, which promises a good order execution speed.

Trading platform

The trading platform that 7option provides to its clients for their daily work is a web interface based on the SpotOption software package. There is no need to download and install the terminal on your computer, all operations are performed directly in the browser. The platforms based on this basis are used by the vast majority of binary options brokers, so a new client will not face the need to adapt. The platform interface is as clear and convenient as possible, in order to understand the principles of the functioning of all elements, it takes quite a bit of time.

There are also versions for iOS and Android mobile devices. Thanks to this, traders can make profitable trades wherever there is internet.

Automatic trading

The dealer’s platform has a Profit Follow tool for automatically copying trades of experienced traders. Thus, you can make money on binary options without trading yourself. This is a convenient option for beginners as well as those who don’t have time.

VIP account

In addition to the standard trading account, Verum Option clients can get a VIP account with additional benefits: 2% higher payouts on all options, increased bet sizes, a $ 100 risk-free trade and the help of a personal client manager. VIP status is offered mainly to experienced traders, and in order to get it, you need to have at least $ 1,000 on your trading account.

Financial questions

The issues of convenience, speed and security of transactions are worked out quite well. You can replenish your trading account and withdraw earned funds both in the traditional way – to a bank card or account, and using electronic payment systems, which include Yandex.Money, Qiwi and WebMoney. Withdrawal requests are processed within 5 working days (this is the maximum), in fact, everything happens much faster. The minimum withdrawal amount is $ 10, in addition, the account must be verified to be able to withdraw funds.

Promotions and contests

Verum Option regularly holds promotions and contests for its clients. Contests with cash prizes are constantly held on social networks. On VKontakte and Odnoklassniki, from Monday to Thursday, the “Guess the Course” contest is held, where participants are invited to predict the rate of the euro / dollar currency pair. The one who makes the most accurate prediction will receive real $ 20 on the account. And on Facebook there is a quiz where you need to determine whether the rate of a market asset will rise or fall in a week. Among those who made the correct prediction, there is a drawing of a prize – $ 20 per trading account.

Conclusion

In conclusion, I would like to note that the broker offers optimal conditions (the minimum amount of replenishment and the rate), has all the signs of reliability (the presence of a certificate of the Russian regulator, the reputation of the “parent company”), and can be considered as a stable partner for the long-term activity of a trader.

Yield up to% 1550
Expiry date from 30 seconds
Refund up to% twenty
Minimum lot (USD) one
Deposit bonus one hundred%
Minimum deposit (USD) 5
Replenishment / withdrawal of WebMoney Yes / Yes
Demo account there is
Weekend trading there is

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