YesOption is a binary options broker that is based out of Seychelles and is run within the United Kingdom. They’re relatively new, like every other binary options broker out there, but they are certainly not to be grouped in with all of the others. Even though they do not have a long history, they have separated themselves from the pack and are currently providing a service above and beyond most other brokers. Let’s see why this is.
The Yes Product
This broker has a superior product to most other brokers. They have a lot of the same things on the surface, but they do a far better job when delivering to their clients’ success. They have larger than normal profit rates on the average trade, up to 89 percent. They have a big selection of types of trades: the call/put, the boundary, the one touch, and high yield choices within these. They also have a solid bonus structure. If you deposit over $5,000, you can get a 100 percent bonus, effectively doubling the amount of cash in your account to trade with. Smaller traders can still get a bonus, too. If you deposit $250, you still get a 20 percent bonus, so an extra $50. This gives incentive to deposit a lot, of course, but you can still benefit even if you do not. For new traders, this is still a very good deal once the bonus is unlocked. Smaller bonuses, though, are much easier to unlock, especially if you are making money trading.
Tell Us the Good Stuff
There are some big pros to trading with YesOptions. A lot of our visitors have been seeking a free demo account. Our group at Binaryoptionsu.com have made that possible. By using any of the links on this site, you’ll be able to open a free no deposit demo account.
They have a big focus within the Forex market, and this gives a leg up to anyone with Forex experience. This shows that the broker has done their research, actually, because a huge number of people are moving from traditional Forex brokers to the binary market because of the lower startup cost and lower amounts of risk.
Besides the welcome bonus, this broker also has other promotions from time to time. One recent example is their giveaway of Apple products, including iPads and iPhones. This is smart, again, because they have a mobile trading platform geared for both iOS and Android customers, so tapping into this market with free mobile devices is a good way to help encourage the growth of their mobile trading section. They also have a free personal coaching service to take advantage of, plus free trading signals. Both of these can help take you to the next level as a trader, and they start out as completely free services unless you choose to pay. Other sites offer these, but many charge a fee for them or they are just of inferior quality. That is not the case here.
Finally, look at banking as a plus. Financial transactions are always a pain in the butt, but YesOption has simplified the process. You can open an account easily, fund it instantly with a major credit card, and start trading almost instantly. Withdrawals take a bit longer, of course, but they do this with your security (and theirs) in mind. Also, it is an industry standard to perform routine checks on identity before giving you your earnings, so this does show that they are compliant with the law of the land in this area, too. So, while it can take a couple days to get your money back, it’s actually a good thing since it shows that this broker is legitimate and law abiding. You can also make transactions in other was, like a wire transfer, but the credit card method seems to be the most popular.
The Not So Good
Like any other broker, there are a few negative things about the site. For one, they don’t have a huge amount of assets. They do advertise “over 125 assets” to trade with, but a large number of these are currency pairs. If you want to focus on stocks primarily, it could be a bit more difficult to find what your ideal trade should be.
Another con is more speculative in nature. There are rumors out there about whether or not YesOptions will accept U.S. traders in the future. As of right now, they still do, but increased regulatory measures may stop this in the future. It is still up in the air for the moment, but it is something that could become a reality in the future. Just being aware of it for now is enough.
What is Your Next Step
If you are looking for a binary options broker, this is a strong choice. That goes for new and pro traders alike. Forex experience is rewarded here, but is certainly not needed for making consistent profits. If you want a new broker, or your first broker, YesOption should make your shortlist of brokers to take a close look at.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Between 74-89 % of retail investor accounts lose money when trading CFDs