Magnum Option Review: Scam or Legit broker?

Magnum Option is a binary broker owned and operated by Hampshire Capital Ventures Ltd.Cavell House Stannard Place, Crispins Rd, Norwich, NR3 1YE, United Kingdom with a business address at 7th Floor 2 Pinfold Street The Balance SHEFFIELD South Yorkshire S1 2GU United Kingdom. Read the full review of Magnum Option below

 

MAGNUM OPTION TRADING PLATFORM:

They use the sophisticated Spot Option platform which is user-friendly and easy to navigate. Traders don’t need to download any software as trading is web based and can easily be accessed through a PC or a smartphone. No demo account is offered.

MAGNUM OPTION PLATFORM

 

TRADE TYPES

The minimum deposit with this broker is $200 and minimum investment is $5. This broker offers the following binary options trade types:

⦁ One Touch: This is a situation where the traders purchase or sell an asset when the markets are closed and bet on whether the asset’s price would reach a predetermined price at any time during the trading period.

⦁ High/Low: Like all reputable binary options trading providers, Magnum Option offers this traditional trade type where a trader purchases a call option to take advantage of increase in the current strike price or purchases a put option if he feels the future price would be less than current strike price.

⦁ Pair Trading: Pair Trading allows you to predict the relative performance of two assets and make profits if your predictions are correct.

⦁ 60 seconds: This is a short term trading option with an expiry time of 1 minute.

⦁ Ladder:Magnum Option offers Ladder trading options which a trader can use to secure profits and roll over as the price reaches predetermined price levels.

⦁ Long term: Traders who prefer longer time frames are not left out.

EDUCATIONAL RESOURCES

This broker offers educational resources through webinars, e-books, trade reviews, articles and more. With this you could get a better understanding of the trading markets and also how to trade. This feature is only accessible to registered account, you don’t need to deposit to access them

MAGNUM OPTION DEPOSIT AND WITHDRAWAL METHODS: 

The following methods are accepted: Bank wire transfer, Mastercard, Visa, Maestro, Neteller

CUSTOMER SUPPORT:

Magnum Option contact is robust, and they have a good customer care service where traders could reach out to them, they also offer live chat support. You could reach them through

Phone: +44-800-680-0683

Email: support@magnumoptions.eu

 

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