Magnum Options Login

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Contents

a Complete Guide for Binary Options Trading

Logging in to the Magnum Option’ trading platform, which uses the SpotOption 2.0 software, is very simple. Its trading software is entirely web-based, so no complicated downloads are required and after logging in with your account information at the top right hand corner of Magnum Options’ website, you can begin trading immediately. Their homepage already prominently displays the trading platform, allowing you to see all the relevant charts and prices even without logging in (although obviously you have to log in to start trading).

Magnum Option Login Facts

While registering and creating an account is simple, requiring only a name, email, and phone number, in order to make your first deposit and begin trading, traders will have to submit a copy of government-issued photo ID, proof of address, and a credit card copy. This is a standard procedure applied by most binary options brokers for Know-Your-Customer compliance purposes.

More Info About Magnum Options Login

When making deposits after logging in, Magnum Options ensures the security of users’ data via Secure Sockets Layer (“SSL”) encryption and is also Verisign authenticated. It is highly unlikely that users will have to worry about data theft or breaches.

Magnum Options vs Redwood Options

Redwood Options is a binary options broker that is owned by Hampshire Capital Ventures Ltd, which is also the owner of Magnum Options. This can be clearly seen on the bottom section of both their websites. Take a look below to see how they compare.

Magnum Options vs Redwood: Minimum Deposits and Minimum Investments

Both Magnum Options and Redwood Options have a minimum deposit of $200, which is below the industry average of $250. However, Magnum Options has a standard minimum investment amount of $5, whereas the minimum investment amount for Redwood Options is $10 (except for 60 second options which have a minimum investment amount of $5 also). This is a little puzzling to us, because the 60 second options offered on Magnum Options actually have a higher minimum investment amount of $25, which is higher compared to the typical amount.

Magnum Options vs Redwood: Maximum returns and Maximum Investment

Discounting ladder options, which can have returns of up to 1500% (similar for both Magnum Options and Redwood Options), the general maximum return for both Magnum Options and Redwood Options is 81%. However we note a discrepancy between what is displayed on Redwood Options’ website banner (up to 81% returns) and on their FAQ, which states returns from 70% to 85%. Nevertheless, given that both these brokers have the same owners, there is likely no difference in their maximum returns.

The brokers differ when it comes to maximum investments however, with Magnum Options having a maximum investment amount of $1,000 (higher on 60 second options at $3,000). Redwood Options has a higher general maximum investment amount of $5,000, however maximum investment amounts on 60 second, one touch, and ladder options are lower at $500. Similar to the minimum investment comparisons, this is one area in which there is a clear discrepancy.

Magnum Options vs Redwood: Maximum bonus and other features

The maximum bonus offered by both Magnum Options and Redwood Options as well as their associated policies are similar. Platinum account tiers get a 100% bonus, and their withdrawal policies on bonus-credited accounts (minimum trading volume of 30 – 50x the bonus amount, 20x in the case of refunds) are exactly the same. While the absolute figure of the minimum trading volume requirement is likely lower compared to the industry (which typically applies the multiplier against the total of deposits plus bonus), they still restrict withdrawals on both the bonus and deposit until said trading volume is met. Again, we want to emphasize while this is the standard industry practice, it is still viewed negatively and there are some brokers who do not have this restriction; such brokers restrict withdrawals on the bonus portion only until the minimum trading volume requirement is satisfied. This is clearly a more customer-oriented policy and one that we recommend.

Special features offered are also similar across both these brokers, for example the Strategy Adviser or Scanner tool which allows automated technical analysis recommendations based upon a preselected technical analysis method. Ladder options and forex trading is also available on both, however we note that only Magnum Options offers the candlestick chart feature. Magnum Options also offers the ‘Buy Me Out’ feature, which allows a trader to close their position prior to the official expiry time, where the system makes an automatic payout calculation based on historical data to determine the likelihood of the option expiring in or out of the money had it not been closed early; Redwood Options offers no such feature. Both Magnum Options and Redwood Options use the latest SpotOption 2.0 platform.

When it comes to the list of assets available to trade, Redwood Options is clearly superior. While Magnum Options has 87 different stocks, 24 different currency pairs, 9 different commodities, 55 different indices, and a further 11 specific pairs, which is already considered highly extensive, Redwood Options offers a whopping 115 different stocks, 32 different currency pairs, 9 different commodities, 37 different indices, and a further 25 different specific pairs. Other than the number of indices offered, Redwood Capital is the definite winner in this one.

Magnum Options vs. Boss Capital

Boss Capital is a binary options broker owned by Cheshire Capital Ltd. How are they related to Magnum Options? Well, based on checking with the UK company database, it appears that not only are they registered at the same address within a few days of each other, they also have the same listed company director, a Mr. Manford Martin Mponda. Hence, while having separate owners, it is highly probable that Magnum Options and Boss Capital are ultimately owned by the same entity.

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Magnum Options – Boss Capital: Minimum Deposits and Minimum Investments

Both Magnum Options and Boss Capital have a minimum deposit amount of $200, which again, is below the industry average. However Magnum Options has a lower minimum investment amount of $5, compared to $10 for Boss Capital.

Magnum Options – Boss Capital: Maximum returns and Maximum Investment

For standard options, Magnum Options offers returns of up to 81% while Boss Capital offers returns of up to 85%. We should note that the industry standard maximum returns are typically 85%, meaning that Magnum Options is actually below average in this respect. When it comes to maximum investments, Boss Capital allows far higher amounts: $7,500 compared to Magnum Options $1,000 ($3,000 in the case of 60 second options).

Magnum Options – Boss Capital: Maximum bonus and other features

The maximum bonus offered by both Magnum Options and Boss Capital is exactly the same. 100% bonus for their platinum account tiers, with the exact same bonus withdrawal policies (see Redwood Options comparison above).

In terms of features, Magnum Options is far superior; offering ladder options, forex trading, candlestick charts, and early option closes. Boss Capital offers none of these features; in fact, its features are assessed to be highly basic. The asset index offered by Boss Capital is also far less extensive compared to Magnum Options with only 44 different stocks, 24 different currency pairs, 8 different commodities, 28 different indices, and a further 14 different specific pairs. This is in contrast to the 87 different stocks, 24 different currency pairs, 9 different commodities, 55 different indices, and a further 11 specific pairs offered by Magnum Options. BossCapital utilizes the TechFinancials trading platform, compared to Magnum Options’ SpotOption 2.0 platform, which likely explains the large discrepancy in terms of features offered.

Magnum Options – Boss Capital: The Verdict

After evaluating all the factors above, it is clear that Magnum Options is a better choice for traders who want a wider variety of options and features but who are not too concerned about making overly large trades (as Magnum Options has a much lower maximum investment amount). Boss Capital would be a better choice for traders who want to keep their trades simple, with no use for any special features, but may want to make larger individual trades. Boss Capital’s maximum investment amount of $7,500 would definitely facilitate this.

Magnum Options Login

Conclusion:

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Between 74-89 % of retail investor accounts lose money when trading CFDs

Magnum Options login is very simple and once the traders have created an account, they can login with their credentials and access their trading profiles. Magnum Options was established in 2020, and have been able to become very popular with the traders since then. The broker offers some unique features that really stand out. These features include a 100 percent web based platform, 24/7 live customer support, and a platform which is easy to navigate. Apart from that, traders will like the fact that 10% of their business will be refunded to them, even when they lose trade. We cannot think of any other binary options broker that offers such a refund to the broker even when they lose money while trading.

Magnum Option Login Facts

Traders do not face any problems with Magnum Options login. With 24/7 live chat support, traders should never have problems with this broker. Even if they face any issue with logging in to their accounts, there will always be someone on this site to help with any problem possible. This platform is great for all users, who want to succeed in binary options trade. Also, there will be no problems with deposits and withdrawals due to 24/7 support. There are a lot of brokers out there who do not have great customer support, and that can cause a lot of problems with any type of money transfer.

With everything being completed online, there is no need to download any documents or other software to help with the process of verification. Everything on this site is as simple as possible, to start trading as soon as possible. Apart from great customer support they offer, Magnum Options also provides the traders with 100+ commodities to trade. Just after signing up, an account manager is assigned to every trader. So on top of customer support live chat, there is someone who suggests negotiation tactics, to help the trader in becoming a successful binary options trader. So far, we have not come across any complaints against the site from our traders. On the contrary, they have praised the service provided by this broker.

More Info About Magnum Options Login

Another thing worth noticing about Magnum Options login is that, it is very fast and secure. With a decent Internet connection, it will not take too long to login and access the account. As the site encrypts information with SSL security, traders can be assured that no unauthorized individuals have access to their personal information or their accounts with Magnum Options. The security and safety of the site make it an ideal choice for all binary options traders.

Magnum Options USA

Magnum Options USA traders have been a very loyal customer to the site, since its inception in 2020. The traders from the United States of America enjoy the services offered by the site. Above all, they like the fact that the site accepts traders from their country and offers them with a wide range of facilities. Not too many binary options brokers accept traders from the United States. Hence, Magnum Options is very popular with American binary options traders as it is one of the few sites that allows them to become members and make money through binary options trade. Another reason that makes Magnum Options popular with them is the fact that it offers higher payouts.

Magnum Options USA

Magnum Options USA traders do not get access to a separate site but instead, they can access the English version of the website. Hence, they can get access to the same quality features that are popular with traders from around the globe and only have to make the same amount of deposit (in their currency) like players from other countries. They can trade in a variety of commodities and get in touch with the support team of the broker, if they have any questions or queries regarding binary options trade.

Many traders from the United States say that opening an account with Magnum Options is one of the best choices they had made. They never feel neglected with these guys, and instead they feel appreciated to use their service. Even if they lose a couple of trades, there is still that 10% reimbursement to help them stay in the mood for trading. And when they do not win, there is up to 81% payments so that they can build their trading portfolio faster. Apart from that, safety, security and reliability of the site are other factors that attract binary options traders from the United States to open an account with Magnum Options broker.

Magnum Options USA Facts

Magnum Options USA traders like the fact that the broker offers great customer support. In fact, people can get in touch with the support team 24/7. The support team can be contacted by both phone and email, and they response quickly. They are patient and help the traders to clear their doubts. Withdrawing earnings from the site is also quite convenient and the traders from the United States can withdraw their earnings in US dollars. Hence, they do not have to lose any money on exchange rates, which fluctuate a lot.

MagnumOptions vs Redwood Options

We have thoroughly analyzed both these brokers to understand the features they provide, and the advantages and disadvantages of doing business with them. We did found that both these brokers are reliable and they enjoy a favorable reputation with the traders. They are known to offer guaranteed payouts and other lucrative features. They have made a mark for themselves in the world of binary options trade.

MagnumOptions vs Redwood: Minimum Deposits and Minimum Investments

The minimum deposit amount for both MagnumOptions and Redwood is $200. In order to start trading in different commodities and assets offered by these brokers, traders need to first make a deposit of minimum $200, and once they made the deposit and verified their identity, they can start trading binary options. However, the minimum investment for MagnumOptions is only $5, whereas it is $10 for Redwood binary options broker. Hence, if one wants to start trading by investing the least amount possible, MagnumOptions will be the right choice. Overall, both the brokers offer sufficient payment processing options to make deposits or withdraw earnings from the sites.

MagnumOptions vs Redwood: Maximum returns and Maximum Investment

MagnumOptions and Redwood both offer maximum returns up to 81%. Similarly, the maximum investment allowed by MagnumOptions is $1,000, whereas Redwood allows a maximum investment of $5,000. In conclusion, traders who would really like to invest a lot of money and get higher returns from their investment should opt for Redwood binary options broker. Given the fact that the maximum return percentage is same for both of these brokers, it will be difficult to choose any one of them based on the criterion of returns alone.

MagnumOptions vs Redwood: Maximum bonus and other features

MagnumOptions and Redwood both offer maximum bonus up to $10,000. The bonus trading terms for MagnumOptions is 20x – 50x, whereas it is 30x for Redwood. The currencies accepted by Redwood are: USD, AUD, CAD, EUR and GBP, whereas MagnumOptions only accepts USD and EUR. Redwood offers a early close but MagnumOptions does not. On the other hand, MagnumOptions offers a mobile version but Redwood does not. US players are accepted by MagnumOptions but not by Redwood. For the residents of the United States, it will be more convenient to open an account with MagnumOptions binary options trader.

MagnumOptions vs. Boss Capital

The traders always want to improve their chances of making money through binary options trading but are also looking for a reliable and fast broker. We have thoroughly analyzed two popular brokers to understand the features they provide, and the advantages and disadvantages of doing business with them. We did found that both these brokers are reliable and they enjoy a favorable reputation with the traders. They are known to offer guaranteed payouts and other lucrative features.

MagnumOptions – Boss Capital: Minimum Deposits and Minimum Investments

The minimum deposit amount for both MagnumOptions and Boss Capital is $200. In order to start trading in different commodities and assets offered by these brokers, traders first need to make a deposit of minimum $200. Once they make the deposit and verify their identity, they can start trading binary options. Making the deposit to these sites is also very easy and convenient, given the fact that they offer a variety of payment options to the traders. However, the minimum investment for MagnumOptions is only $5, whereas it is $25 for Boss Capital. For traders who want to start trading by investing the least amount possible, MagnumOptions will be the right choice.

MagnumOptions – Boss Capital: Maximum returns and Maximum Investment

MagnumOptions offers maximum returns up to 81%, whereas Boss Capital offers maximum returns up to 89%. For those preferring higher returns of their investment, Boss Capital should be the right choices. Similarly, the maximum investment allowed by MagnumOptions is $1,000, whereas Boss Capital allows a maximum investment of $15,000. Hence, if one would really like to invest a lot of money and get higher returns from the investment made service of Boss Capital binary options broker is advised. However, traders who invest a small amount of money, take lesser risks, and are happy with a little less return, can opt for MagnumOptions.

MagnumOptions – Boss Capital: Maximum bonus and other features

MagnumOptions and Boss Capital both offer maximum bonus up to $10,000. The bonus trading terms for MagnumOptions is 20x – 50x, whereas it is 30x for Boss Capital. The currencies accepted by Boss Capital are USD, AUD, CAD, EUR, GBP, Yen, and RUB, whereas MagnumOptions only accepts USD and EUR. Boss Capital offers a demo account and early close but MagnumOptions does not. On the other hand, MagnumOptions offers a mobile version but Boss Capital does not.

MagnumOptions – Boss Capital: The Verdict

Traders who are looking for more features, higher returns and are willing to invest more money, should opt for Boss Capital. However, if they want to invest a lesser amount of money, and will be happy with comparatively lesser return, they should opt for MagnumOptions.

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Magnum Options Closed in UK Following Investigation in £750,000 Fraud Scheme

Magnum Options has been the subject of investor warnings by several global regulator.

The UK High Court has shut down the binary options broker Magnum Options which took a total of £750,000 from vulnerable people by selling the fixed-odds betting investments.

Two brands linked to a Bulgarian registered company called Hampshire Capital Ventures Limited have been placed in provisional liquidation and are now subject to High Court action, following an investigation by a branch of the Insolvency Service.

The UK authorities accused Hampshire Capital, and its successor Solaris Vision Ltd., of providing investment advice without a license, as well as aggravated fraud.

The Insolvency Service found that 41 complaints were made to the police regarding the fraudulent scheme with customers reporting losses of over £750,000, all of which allegedly occurred between February 2020 to March 2020.

The official statement says that Magnum Options and Magnum Options EU, using the websites www.magnumoptions.eu and latterly www.magnumoptions.com, adopted aggressive and persistent sales practices, making unsolicited calls to victims claiming that their binary options trading could yield up an 81% return per trade.

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The firm told investors they would receive guaranteed returns, but based on terms and conditions that, according to the filing, were deemed to be onerous and unfair on customers, requiring them to trade 30 or 40 times their account balances in order to make withdrawals. “Even when some customers did do so, no pay-outs were made,” the statement further states.

Magnum Options has been the subject of investor warnings by Canada’s Manitoba Securities Commission, Australia’s Securities and Securities Division of the Financial and Consumer Affairs Authority of Saskatchewan.

“ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia,” reads the Australian warning according to the statement of the UK authorities.

In common with many of the binary options firms, Magnum Options promoted its business by viral internet marketing, giving the impression that they operated out of the UK, by referring to UK trading addresses on the websites.

Finally, the announcement states that Solaris Vision Ltd was placed into provisional liquidation to protect assets in the possession or under the control of the company pending the determination of the petitions.

Last week, binary options brokers blamed for investment scams that robbed British victims of more than £18 million in the first half of 2020 have been rounded up in a crackdown involving UK police.

Magnum Options

Magnum are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Magnum Review – Archive

Magnum options offers 5 different account types for every type of trader from the Mini account for those who have never traded before to the Platinum account for the advanced trader. Each account has its own special features and bonus structure. Magnum options are offering a 100% bonus for deposits of $1000 or more (Executive Account) and offer a variety of financial tools to help you make profitable positions. Check out the Magnum Options eBook. Choose between their Mini, Standard, Executive, Gold and Platinum Accounts. Minimum deposit is $200.

As always, registering an account is very simple, and only requires minimal details. Once entered, you can browse the website like a regular trader, including seeing many features not visible for non-registered visitors. However, you will obviously need to put in a deposit in order to actually start trading.

Platform Features & Markets Offered

  • 9 FOREX Currency pairs
  • 7 Commodities
  • 23 Indices
  • 22 stocks in various markets including Nasdaq and the European Markets

Magnum Options uses a very user friendly trading platform. However they have done a lot of work to personalize it and make it look unique. The layout really is easy on the eyes and has a good feel to it.

The Magnum Options user interface is currently available in 3 different languages: English, Italian and German.

The initial trading page consists of 5 different platforms, which we’ll go into later in the review. The main page has only one graph in it, with a scrollable asset list on the left. You will only be able to see currently live and tradable assets on this list. Any asset to which the market is currently closed simply won’t appear on that list. You can always go to the full asset list for a full list and to see when a certain asset will be available for trading.
Regular binary options’ trading is called CALL/PUT at Magnum Options. The main screen gives you pretty much all the information you need to make a trading decision and everything is neatly laid out. The graph goes back slightly more than one hour and different expiration times can be chosen.

In order to put in a trade, you simply click the call or put buttons, and choose how much you want to invest.
The payout rates are extremely competitive and vary depending on the asset. However, Magnum options do have a protection rate on many of their assets. This protection rate is basically a rebate that the trader receives if the option lands out of the money.

In addition to providing the expiry rate of the options you have purchased, Magnum Options provides a complete list of expiry dates for all options that have recently expired, regardless of whether or not you have purchased these options. This is critical to establishing trust among customers, as a broker who provides a full list of expiry rates to the general trader community has a much harder time manipulating expiry rates per specific trader. This is something that many traders often accuse brokers of doing if they are not happy with the results.

As for the unique features, Magnum Options gives you some very useful features.

Onetouch is a nice trading tool. This tool allows you to put in orders during the weekends as well.The binary options needs only to reach (or touch) the strike price once during the week following the purchase for the option. Once this happens, the option immediately becomes in the money and will expire profitable. The profit percentage depends on how far the strike price is from the security at the time of purchase, so the profits can be HUGE!

Options Builder is definitely one of my favorite trading tools. This tool gives you a lot of freedom in choosing what binary options you’d like to trade. You can choose which asset you’d like, exactly what time the option will expire, and what your payout will be (!). Yes, you can choose what the ratio is between the ITM payout and the OTM rebate. This is great, as this allows the trader to perform much more trades and learn the ropes with much less risk of suffering a large loss. This tool is also very good if a trader opts in for a bonus upon signing and needs to generate a certain amount of trading traffic before the bonus liquidates into real funds.

The Open Platform
is the open or advanced trading platform. The main advantage of this platform is that you can sell back your option before expiration. This is great for risk management and for locking in your profits if you’re not sure your stock will finish ITM.

60 Sec’

Magnum Options also offer the 60 second speed trading feature. This feature is hugely popular with many traders as it gives you an adrenalin rush! For those who want to give it a shot, there’s not much to lose since the minimum trade amount for the 60-second option is an impressive $5.

A 60 second trade at Magnum Options

Is Magnum Options a Scam?

Magnum Options is owned by Prestige Holdings and is located in the British Virgin Islands. They make use of the popular SpotOption platform for user-friendliness and easy integration. Some of the most attractive features of Magnum Options include a 10% return back even when your option has expired. Magnum Options is one of the leading brokerages with advanced features and excellent trading tools to make binary options trading a breeze. In addition to this, they offer cutting-edge payment gateways to traders, which are at par with the leading brokerages, to safeguard all their transactions on their platform.

Magnum Options is definitely one of the top binary options brokers currently running. This means that you can rest assured that your money is safe. Offering a demo account is also a big plus, as many traders like to get a feel before going and spending real money Magnum Options have really gone all-in with their platform, and offer some of the most useful trading tools out of any of the brokers around.

Magnum Options Login

Magnum Options is one of the best binary options trading platforms in the industry. Binary Options – also known as fixed return options -, has been increasing in popularity over the last few years. Established in April of 2020, this platform is committed to creating the most user-friendly trading experience for all of their traders while achieving maximum profitability.

Magnum Options platform offers a wide variety of currencies, stocks, commodities, and indices to trade binary options.

Magnum Options prides itself on its platforms unique characteristics:

  • 100% web based
  • No downloads needed
  • No requirement of previous trading experience
  • User-friendly interface
  • Easy deposit and withdrawal methods
  • 24/7 Live Support
  • Up to 81% Payouts
  • 100+ Tradable assets

Our platform’s pricing and execution modules brought a new era in the online trading market. The use of the most up to date and advanced technologies allows us to ensure your safety, convenience and satisfaction. Our top priority is our trader’s satisfaction!

Magnum Options is known for their dependability and support when it comes to their users. Upon sign up, every user is assigned an account manager. These account managers are reliable and here to answer any question a trader might have. Magnum Options offers dependable customer support available 24/7 via phone, live chat or email.

Trading via magnumoptions.eu is available at any time as far as the chosen asset is being traded in the relevant market. We strongly recommended our traders to read our terms and conditions and become fully aware of the difference between the real time market price (according to which our options expire) and the level we offer options at.

Since its launch in 2020, Magnum Options has had a dedicated following. With a huge asset selection, 24/7 customer support and educational resources it is no wonder they have become one of the best binary options platforms in the industry. Magnum Options is recommended for traders of all types. Beginner traders or advanced traders will enjoy this simple-to-use platform. Daily market news updates help keep our traders informed about current financial events. The market news gives traders insight into which assets to trade and which assets are popular for the day. Don’t wait, start trading today!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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