Blacklisted Broker – Do Not Trade Here
This broker is now part of the blacklisted group. We highly recommend you look at other reputable brokers here.
GOptions.com is a binary option broker. For a lot of people, this seems like a strange way to trade because it’s all based upon the direction of an underlying asset’s movement, and not the amount of movement. However, this actually makes binaries simpler to understand, and for a trader with experience, this gives them a big advantage. GOptions is a great site to use in these instances because of the benefits that they give to larger accounts, mainly those $1,000 and up.
The Standard Account ranges from $1,000 to $4,999 and it has a 50 percent welcome deposit bonus, four $50 trades, and other bonus chances, up to 35 percent of what you deposit. There are other benefits, too, but these are the main ones. Bigger accounts have even better bonuses, topping out at the VIP Platinum Account of $10,000 or more.
This doesn’t mean that smaller accounts do not have benefits, though. A minimum deposit of $200 gets you a Micro Account, which comes with a 25 percent welcome bonus, 10 percent reload bonuses, and daily and weekly market reviews. $200 is actually one of the smaller minimum amounts out there which makes GOptions a great site for beginners, too.
What to Trade
This broker has all the basic stuff: stocks, indices, commodities, and Forex pairs. However, GOptions has revolutionized the field with the amount of trade variety that they offer. Besides the typical call/put option, they also have long term, turbo, one touch, pairs, and ladders. This easily makes them one of the broadest ranged mainstream brokers on the web right now. It separates them from the field and it makes their product unique.
Other Cool Stuff
The site has a ton of choice and trade customization features, which makes it great for people that know what they’re looking for, but they also have a lot of educational resources if you’re not quite sure where to begin. They have an in depth blog, videos, expert analysis, and even a section on trade ideas and conditions to look out for to make these trades optimal. It’s a great section for beginners that need to learn the ropes, but it also is a helpful way for pros to go and double check their own ideas and strategies.
How to Use the Site
All these features are helpful, but how do you go about getting the most out of your money? After all, isn’t this why we’re here in the first place?
First, pick the right account for your cash flow. A big bonus is wonderful, but it means nothing if you lose it right away. If you have the $10,000 or more to spare, get the big account, but if you don’t, don’t worry about the smaller bonus. Even a $500 deposit will get you a $175 bonus, which is more than enough to keep you going for a while if you keep your trades small. Don’t forget to request a Demo Account when you first start out.
That brings up the next point. Trade at a comfortable amount. Binaries have big returns, so you don’t need to risk a ton to get the most out of these. Keep it so if you lose a few in a row, it doesn’t matter.
Finally, don’t get too exotic with the type of option you use. There are a ton of them, so you should learn them to see what’s best for your style, but don’t jump around too much. Figure out what works best for you, then stay there. Straying from what you’re best at in trading will create new opportunities, but these have a good chance of losing you money if you’re not ready yet to move on. Changes should be gradual and measured.
This broker has a lot of opportunity for traders. Use their learning resources as much as you can, but when it comes to analysis, you might want to check outside sources too, just to get other opinions. This is just a safety measure to get as accurate of a picture as possible of where you’re putting your money. GOptions is a top of the line binary broker, but you need to do your research to make the most of this.