EmpireOption Review

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EmpireOption Reviews

13 • Average

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Reviews 13

Terrible experience

i had a terrible experience, luckily for me i was able to recover all my money with help of expert(address above) and now trading with lots of profit. thought a lot of persons might be having same difficulties like i had and thought my experience is worth sharing

I came across Mrs Sofia Williams who…

I came across Mrs Sofia Williams who helped me to recover back all my lost funds and also help me to earn $6000 weekly. Click on my profile for her email address

It was a painful experience for me to…

It was a painful experience for me to have fallen victim of losing my money to scambrokers but all thanks to Mrs Sofia Williams I got my lost funds back. Click on my profile for her email address

Initiate a chargeback with this website…

Initiate a chargeback with this website zenithsecurity.org, they will help you get your money if scammed by this platform. They are cybersecurity experts.

I can’t explain how it feels to be a…

I can’t explain how it feels to be a victim of scam brokers but with the help of Mrs Sofia Williams I got all my lost funds back. Click on my profile for her email address

It was a painful experience for me to…

It was a painful experience for me to have fallen victim of losing my money to scam brokers but all thanks to Mrs Lisa Gomez I got my lost funds back. Click on my profile for her email address

Take care to Mr

Take care to Mr. Thiago Feitosa – EmpireOption, it creates investment groups ensuring profits of 100, 200, 300% but actually after investing money (I invested $ 3000) so he places a “BONUS” in your account and you must comply the rules even exceed the turnover of $ 180,000 I’m disappointed. I’m sorry I do not speak english am translating with googletradutor. filing different reports to the security agencies, none of these worked out well for me not until last month when I discussed this with my trainer telling him all I had gone through, he immediately recommended a recovery expert he has dealt with Recoveryex dot com], and that was when everything changed.
I sent a mail to them

First of all I’m not paid reviewer

First of all I’m not paid reviewer, I am victim of this feudulant company, I was told by my friend this company is reliable, they will make me rich in 6 month blah blah, after three month they did fraud with my friend and didn’t give him even his invested money, my account adviser was Fredrico and account manager was Micheal I know both names were fake, they asked to deposit 5k to become prefriential account holder and they will give me withdraw of 5k every month, I became greedy and submitted 15k to become rich ASAP, but at the end when I ask for withdraw they weren’t able to pick my call and email me back, I won around 69k trades when I ask them to give my money they blocked my account, I have hired a attorney we are going to sue this company and we are reported this is safe company(Recoveryex dot com) who helped us on this.

7 Binary Options

UPDATE (12.01.2020):

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

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Old Review:

There is a website that has been traded on since 2020 that seems to be getting better each year and the name of that website is EmpireOption. This web broker has a trading platform with lots of advanced features that will help any level trader be successful when placing binary options trades.

They like to nurture beginner traders along to success and also help veteran traders hone their skills even further. They offer a premier set of services that give those who invest with them a better than average chance of success.

EmpireOption’s gives those that trade with them the best chance of success because of the many educational options they offer, their daily trading tips, the various informational seminars they offer and the banking advantages they have too. It is simply a very well rounded trading site. Their traders can also be comfortable in knowing they are a regulated broker. You will probably be impressed like we were with EmpireOption after reading this review.

Basic information:

Online since: 2020
Jurisdiction: BIV
Software: SpotOption
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $25
Maximum Investment: $1000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations, but US

  • It is a site with a very user friendly platform that uses the popular SpotOption software
  • A nice variety of option products
  • Trading account levels to satisfy any level trader
  • Fast withdrawal times at upper account levels
  • Excellent educational tools
  • Personal Approach to customer service
  • Very professionally done website
  • Mobile trading app
  • No FAQ section to speak of
  • No demo account option

7 Binary Options Rating:

There is a website that has been traded on since 2020 that seems to be getting better each year and the name of that website is EmpireOption. This web broker has a trading platform with lots of advanced features that will help any level trader be successful when placing binary options trades. They like to nurture beginner traders along to success and also help veteran traders hone their skills even further. They offer a premier set of services that give those who invest with them a better than average chance of success.

EmpireOption’s gives those that trade with them the best chance of success because of the many educational options they offer, their daily trading tips, the various informational seminars they offer and the banking advantages they have too. It is simply a very well rounded trading site. Their traders can also be comfortable in knowing they are a regulated broker. You will probably be impressed like we were with EmpireOption after reading this review.

Screenshot of the “One Touch” trading ticket

EmpireOption Special features

This web broker likes to feature several different loyalty programs for those investors that sign up to trade with them. They offer different levels that tend to customize the trading experience for those that trade on each level; this helps those that trade with EmpireOption get the most out of their trading experience. Here is a list of the different trading levels that EmpireOption offers and the extras that come with each account level.

  • EmpireOption Micro account

This is EmpireOption’s version of an entry level account. It is perfect for those who are new to binary options trading to get started. It can even be used by more advanced level traders that are not serious players at the moment as far as binary options trading is concerned. This level is attained by depositing between $200 and $499 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars and also to basic banking services. It is the type of account that will allow a trader to get their feet wet as far as binary options trading goes. It is a basic level account with basic level features and not much more.

  • The EmpireOption Classic Account

For those who want to keep it simple but want more than just basic banking features, then this account level on EmpireOption will suit them perfectly. This level is attained by depositing between $500 and $999 in an account with EmpireOption.

It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to first level market strategies, access to Empire TV, an economic calendar of events, market reviews and advanced banking services such as lower minimum withdrawal amounts and faster processing times. That is a nice variety of trading tools for a lower level account and it is recommended to start at least at this level with EmpireOption if possible.

  • The EmpireOption Plus account

Stepping up significantly in the quality of features offered in an account level is the EmpireOption plus Account. This level is attained by depositing between $1000 and $4999 in an account with EmpireOption.

It entitles the trader to a host of educational materials, free webinars, a market simulator, a personal account manager, access to the upgraded levels of market strategies, access to Empire TV, an economic calendar of events, daily market reviews, free trading signals and advanced banking services such as lower minimum withdrawal amounts and 3 day processing times. This level will also offer bonus promotions from time to time.

  • The EmpireOption Preferential account

This is an advance trading level which will greatly hone the trading skills of any serious binary options trader. This level is attained by depositing between $5000 and $9999 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to an even more advanced level of market strategies, access to Empire TV, an economic calendar of events, one on one trading sessions, in depth market reviews and advanced banking services such as $1 minimum withdrawal amounts and 3 day withdrawal processing times.

  • The EmpireOption VIP account

For the ultimate professional trading service with EmpireOption this is the trading level you want to be at. It offers some highly advanced trading tools that are not often seen on most binary option websites. This level is attained by depositing $20,000+ in an account with EmpireOption.

It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to high level market strategies, access to Empire TV, an economic calendar of events, one on one trading sessions, in depth market reviews and advanced banking services such as $1 minimum withdrawal amounts and instant withdrawal processing.

As was stated earlier; there truly is an account level for every type of trader with EmpireOption. There is even what is called an Ifollow function that is a type of social trading feature with this web broker. It will allow you to see what other traders at your account level are doing so you can mimic their trades if you find a fellow trader that is on a hot streak or is consistently identifying in the money trades.

Are you one of those investors that think having a trading calendar as a feature is kind of oddball? Then maybe you are just not looking at this in the right perspective. Combine the calendar with the market simulator feature and some of the other trading tools and it actually becomes the asset it was intended to be. You can combine these to identify simulated events in the marketplace and then use these to calculate the all-important price change of an asset.

There are also different bonuses that are offered with different account levels. Any bonuses received will require the trader to do a 30x bonus turnover in order to be able to withdraw any bonus money.

Screenshot of the trading accounts:

EmpireOption Trading Platform

This web broker uses the ever popular SpotOption trading platform software. It is known for helping to produce trading platforms that are extremely user friendly and are very easy on the eyes. There is a reason why it is one of the world’s most popular trading platform software programs and it does not disappoint here.

The trading site uses browser based software so there is nothing to download on your laptop or PC that will use up valuable hard disk space. It provides EmpireOption with the ability to customize its trading platform a little and they have chosen to liven it up with a kind of angular design.

There are a total of five option products that are offered with this binary options broker. These include such popular option choices as 60 Second Options, Pair Options, Long Term Options, Short Term Options and the potentially highly profitable One Touch Options. As we reviewed this web broker we found all of these to be outstanding binary options products.

So it’s up to you when trading with them. You can choose 60 second options to get your blood pumping, long term options for more traditional trading or the high risk and high reward of One Touch Options.

The price quotes of the assets are streamed real time via Reuters for the most accurate data possible. This web broker also reduces risk by offering a 15% credit bonus for all losing trades. There is also a convenient mobile application which will work on almost any smart phone or other smart device.

The trading platform features a generous assortment of assets which include stocks, commodities, currency pairs and indices.

There is also a large assortment of expiry times which include:

  1. 60 second
  2. 2 minute
  3. 30 minute
  4. 1 hour
  5. 10 hour
  6. 24 hour
  7. End of the Day
  8. End of the Week
  9. 30 day expiration times like binary options robot has as well.

EmpireOption Customer Service Information

Support with EmpireOption is a little bit unusual and we have mixed emotions about how we like it. It is done with more of a personal touch through an individual account manager but after hour’s access can be a little difficult because of this. The website really does not have a sufficient contact page to say the least; even though they do offer limited web form, live chat and phone customer service contact. When we did need customer support the people doing it were very thorough and very knowledgeable.

One big drawback with EmpireOption is the fact that there really are no FAQ pages to speak of and this is something we feel is important for this web broker to address.

EmpireOption Banking

Making deposits with EmpireOption is relatively straightforward and there are a large variety of methods that can be used when making deposits. Deposits can be made using Visa, MasterCard, Neteller, Bank Wire Transfer, Payza, BBVA or Skrill Moneybookers. Different methods take different times and allow different amounts to be deposited.

As was previously mentioned, banking is very different on EmpireOption as far as withdrawals are concerned. Different account levels have different rules regarding withdrawal processing times and withdrawal amounts.

All the banking and information handling on EmpireOption is done through TRUST which has a good reputation for keeping its member sites compliant with strict encryption and other data safekeeping methods like Banc de Binary, 24option and IQ option does too. It will give any investor piece of mind that both their personal and financial data will be kept safe.

Our Final Thoughts

It’s true we found a few things that needed to be worked on by EmpireOption during our review but we must also say these were quite minor in nature. The overall quality of the trading platform and the educational tools on the website were outstanding. We have no problem whatsoever recommending that our many readers give EmpireOption a try if they like what they read here in this review.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Portuguese
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 2min, 30 min, 1 hr, 10hr, 24h, End of Day, End of Week, 30 days
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Maestro, Neteller
Withdrawal Time: 2-3 days
Demo account: No

EmpireOption Review

Introduction

Launched in 2020 in Uruguay, with UK based processing, EmpireOption is a broker that has been trading for 7 years. Using the SpotOption platform, they offer the trader a huge 180 assets. It is the use of the SpotOption trading platform which allows them to offer such a range of assets as brokers who provide their proprietary platforms are limited to much less.

With customer support available in so many languages, including Spanish and Portuguese, their Uruguay routes have led them to develop an offering that is very popular in South America in countries like Brazil and Chile. Their customer support is very accessible to anyone that trades with them offering not only the usual contact methods but also making use of social media platforms like Facebook, Twitter and Google+.

While many brokers using the SpotOption trading platform are limited to the constraints of the software, EmpireOption has managed to keep their cashier system and maintained their independence. They may be one of the more established brokers in the binary options trading space, but they have evolved with the times with tools like social trading and iFollow.

In this review, you will learn:

    Which different account types the broker offers The different types of trades available to you What features and customer support they offer

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

While smaller accounts are available in the EmpireOption offering, they aren’t aiming for the small account market. Withdrawals are discouraged with the Micro Account, and there is a fee of $30 for doing so not to mention that you have to make 20 trades of at least $25 per trade to be eligible for withdrawal. The minimum trade amount is a rather hefty $25, so this isn’t a broker for the less affluent trader.

On the upper end of the scale, the VIP Account, with its minimum $30k deposit has no withdrawal fees and only a five trade requirement.

Micro Account

The Micro Account requires a minimum deposit of $200 and offers a weekly report and financial analysis. In addition to this, it provides one trade book and one seminar. Withdrawals take up to 10 working days.

Classic Account

$500 is the minimum deposit required to open a Classic Account. It offers a few more benefits than the Micro Account, including an economic calendar and a reduced withdrawal turnaround of seven working days.

Plus Account

Opening a Plus Account with a minimum of $1000 further reduces the withdrawal turnaround to up to five working days and offers even more benefits than the Micro and Classic Accounts with the addition of trading signals.

Account Empire

For those more serious traders, the Account Empire requires a deposit of $5000 or more. For this, you get more trading books, more seminars, signals and one to one help plus a withdrawal deadline of just three working days.

VIP Account

$30000 allows you to open a VIP Account and reduces the withdrawal deadline to one working day and removes withdrawal fees. Of course, all of the same benefits of the Account Empire apply, but apart from the reduced withdrawal deadline, the benefits aren’t any more significant.

Trade Types And Payouts

Short Term Trades

EmpireOption offer Short Term options of 30 seconds, 60 seconds and two minutes. These options are suitable for taking advantage of micro-movements in the markets. They allow you to make a higher volume of trades with a quick turnaround and are ideal if you only have short space of time to trade.

If you work full time and only get short periods to trade, then short term options allow you to trade on your lunch break, this, however, relies on there being the right activity in the market. If you are a full-time trader, the short term option allows you to watch the markets and seize the opportunity.

Long Term Trades

If you have a more strategic approach and want a more robust, reliable plan, then Long Term options allow you to predict the outcome of an asset over a more extended period of time. Many traders prefer this and find it a more stable approach to trading. It may take longer to see results and not carry the same thrill as short term, but it does allow for more forward-thinking.

One-Touch Trades

One-Touch options allow you to trade even when the markets are closed. It is a little more advanced than Short or Long Term options but just as profitable. The objective with a One Touch option is to predict the price an asset will reach before the predetermined expiry time.

If the price is reached, you receive a payout if the predicted amount is not reached you don’t receive a payout and you lose your investment.

Pair Trades

Pairs require you to trade on the outcome of a pair of assets. Let’s say you choose Google and Microsoft as your pair. The objective is to correctly predict which of the two assets will perform better in the trading period.

The payouts offered by this broker are up to 82%.

EmpireOption offers a service called iFollow, allowing you to watch other traders.

Bonuses And Promotions

While there aren’t specific deposit bonuses offered for each different type of account, there are unspecified bonuses available for new accounts, this appears to be discretionary and requires that you speak to an account manager.

There is a very specific “refer a friend” bonus which is explained on the website. If you refer a friend, you receive 10% of the value of the friend’s first deposit, which will be deposited in your account. The friend also receives $50 to trade with.

Mobile Trading

When you arrive at the mobile site, you are immediately asked to download the app to open an account and start trading. It would appear that you can’t trade from the mobile version of the website and that the mobile site is purely an information tool to help you to decide whether you wish to trade with mobile option.

While traders can’t trade on the mobile version of their website; there are apps available for both Android and iOS and accessible from the App Store and Google Play. It is well worth browsing the mobile website, though to familiarise yourself with some of the information that the broker provides about their accounts and customer support.

Deposits And Withdrawals

As with most brokers, deposits can be made using recognised credit cards like Visa and MasterCard as well as wire transfer and several e-wallet and online payment solutions. The minimum deposit to open an account is $250, and all subsequent deposits must be a minimum of $100.

Withdrawals attract a fee of between $10 and $30 depending on the type of account. There are no withdrawal fees for a VIP trader. The time it takes to process a withdrawal ranges from one to ten business days, our test withdrawal took 4 days, and there were no significant withdrawal problems.

Special Features

With social trading being encouraged and supported by EmpireOption, they are offering a service called iFollow. This allows you to watch the success of other traders, often professionals, and then replicate this success yourself. To use iFollow, you select the traders that you wish to follow and then register, copy and make money.

Videos, online courses, webinars, trade books and customised classes are all tools offered on the training section of the EmpireOption website. This information is not openly available to all and depending on the account you open will depend on the level of information that you have access to.

Customer Support

There is no shortage of ways in which to contact the EmpireOption customer support team. There are several numbers to call for traders based in the following locations; USA, Brazil, Chile, Spain, France, Columbia, Mexico, Venezuela and Peru. Help is also available by email in English, Spanish, Portuguese and French. Online assistance can also be offered in the customer’s language.

As well as telephone, email, and chat the company is also available via the social media platforms Facebook, Twitter and Google+. This support is available 24 hours a day, 7 days a week, even outside of trading hours.

Here are the contact details for EmpireOption:

    Email – [email protected] Phone – +54 115 078 9783 Address – Baumann and Kraus Enterprises, Stoney Ground, Kingstown VC0100, St. Vincent and the Grenadines

Conclusion

While this broker may be unregulated, this hasn’t stopped them from making a name for themselves and establishing a good client base, especially in South America where the company began its journey. They offer a good range of accounts, an extensive range of assets and a variety of option types.

The payouts are competitive with anything else in the market place, and the education and tools that they offer are all designed to make the trading experience a good one. They provide a robust and accessible customer support service.

One thing we did observe is that they aren’t looking for the novice trader. The minimum deposit and minimum trade amounts, as well as the fact that there are withdrawal fees for smaller accounts, indicates that they are looking for the high rollers, those that know what they are doing and are prepared to turn over large amounts of money.

So if you are an experienced trader or have more money to play with, then this could well be the sort of broker that you are looking for.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is EmpireOption legit, will they scam me?

EmpireOption would not have been able to trade for so long if they weren’t a legitimate broker. Having been established since 2020, they have built up a strong client base.

Do they have a decent mobile or tablet app?

Upon arriving on the mobile website, you will quickly realise that the mobile site is not built for trading and you will be redirected to the app. The mobile website is purely for information.

What bonus do they offer for new traders?

If you look at the account offerings, there are no pre-determined bonuses. To discover more about the bonuses offered you need to speak with an account manager to agree your discretionary bonus.

Can I start trading on a free demo account?

Yes, to use the demo account the trader has to ask for the virtual funds to trade with from their account manager when they are contacted.

What’s the minimum deposit and trade amount?

The minimum deposit required to open an EmpireOption account is $250. The minimum trading amount depends on whether you are trading Short or Long Term options and ranges from $5 to $25.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Best Binary Options Brokers 2020:
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    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
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