Blog: 30% Deposit Bonus at GlobalOption

BinaryOptionsNow | Published on August 22, 2011 at 3:05 pm

AnyOption review

Hey, My name is Mo Shakeel. Are you new to binary options trading? So am I. Read my blog entries which detail my experiences investing with the leading online binary option brokers.

GlobalOption is the next binary option trading broker on my list that I decided to test. GlobalOption is Cyprus-based with phone support in the USA, UK, Germany, Spain, Italy and Denmark.

GlobalOption uses ParagonEx‘s binary option trading platform, which is also used by many other brokers such as UFXBank. The ParagonEx trading platform is web-based so you don’t need to download anything to get started.

In order to reach worldwide customers GlobalOption, has a website presence in 5 different languages including English, Spanish and German.

Registration
Registration is very simple and smooth. I received a welcome email in my Inbox almost instantly with my registration details.

Demo Account
I sent an email to customer support regarding the availability of demo accounts but they told me that they do not offer demo accounts. If you’re looking for a free binary options demo account, try OptionBit.

Deposit
GlobalOption offers various deposit and withdrawal methods including credit cards (Visa, Master, DinersClub, Discover, American Express, JCB & Other Local Cards), wire transfer, CashU, Moneybookers, Paypal and Western Union.

The minimum deposit is $100, I deposited $200 via credit card and it was instantly credited to my account. The deposit confirmation email was also instantly sent to my inbox. GlobalOption’s uses charge4all.com as its payment processor and so that is the name that will appear on your credit card or bank statements.

First Deposit Bonus
Instead of a demo account, GlobalOption offers a 30% deposit bonus on ALL deposits. I was granted $60 bonus on a $200 deposit.

A guy named Mark called me as soon as I deposited $200 with my credit card and tried to convince me to deposit more in order to benefit from the 30% deposit bonus.

Please be informed that if you accept the first deposit bonus, then you have to make trades worth a minium of 5 times your deposit amount + the bonus amount (So, $1300 in my case) before being able to withdraw your earnings. You can always choose to withdraw the amount you deposited minus the bonus amount whenever you choose without fulfilling any trading conditions.

I assume, like all other binary option trading brokers, that these bonus conditions are intended to make sure that trades do not simply deposit, accept the bonus and then immediately withdraw.

I used my $60 bonus for my first trade trade, which was successful, and I got a 75% return ($45) taking my balance to $245 right off the bat.

Minimum Deposit
The minimum deposit is $100, which you can deposit by credit card. The minimum deposit for Western Union is $500. They are lacking information concerning the minimum deposit amounts for other payment methods on their FAQ page.

Transaction Amount Limits
Trading transactions are limited to a minimum of $30 and a maximum of $750 for new traders.

Binary Option Trading Types
GlobalOption offers only basic binary option trading – meaning only Up/Down binary options – which does limit the diversity of financial investments you can make through them. But, on the positive side, their trading interface is amongst the most intuitive on the market.

Binary Options Trading
GlobalOption offers binary options on 7 currency pairs, 5 indices, 7 stocks & 4 commodities. Almost all trades expire every 30 minutes.

One of GlobalOption’s notable features is that their platform allows you to monitor 4 different asset charts at the same time in order to enable you to execute up to four trades simultaneously. In addition, you can increase the investment amount on any chart with just one click. Another great feature on the rate chart is that you can view prices in 1 minute, 5 minute, half hour, one hour, 8 hour, day, week or month intervals. This is a great tool for in-depth technical analysis for any asset.

Returns
With a successful investment, a trader at GlobalOption is eligible to receive a 75% return. Unsuccessful investments yield a 10% guaranteed return.

As I mentioned, I made 45$ (75% of $60) on my first trade, but I unfortunately lost money on my 2nd, receiving only the 10% guaranteed return back into my account balance.

Withdrawal
You can withdraw at any time and there is no minimum amount restriction. Credit card withdrawals are free, but there is a $25 fee on wires and $10 for postage on checks. Wire withdrawals take about 3-7 business days as is the norm with wire transfers in general.

Learning Guide
GlobalOption offers a robust learning center and “How to Trade” section that is excellent for beginners.

FAQ
The FAQ section has a wide array of queries that traders may have although it is missing some information about deposit minimums for the accepted payment methods.

Customer Support
GlobalOption has very attentive customer support. I sent them an email regarding the availability of demo accounts and I got a reply within 5-6 hours. Then, later, after I deposited I asked them to credit the $60 bonus it was credited right on time. Live Chat Support is also available when the markets are open for trading.

Conclusion

What I like:
-30% bonus on first deposit
-10% return on losing trades
-Intuitive trading interface with room for up to 4 trading charts
-Learn Center and Tutorials and Helping material
-Attentive Customer support

What I don’t like:
-Lack of minimum deposit information for each payment option
-Lack of binary option trading types (One touch and Range)
-Number of assets

Click here to go to GlobalOption.com now!

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Blog: 30% Deposit Bonus at GlobalOption, 4.5 out of 5 based on 2 ratings

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