GrandOption Review – Binary Options Now

BinaryOptionsNow | Published on October 12, 2014 at 8:42 am

AnyOption review

BinaryOptionsNow reviews binary options brokers on a score from 0 to 100. Scores are broken down in three main categories 25% Website & Platform, 25% Performance, and 50% Support & Services.

Introduction to GrandOption

Finding a binary options broker online is easy, there are well over 200 of them now and that number is still rising, what is difficult is finding a trusted binary options broker. Thats where GrandOption.com comes in, a sister brand to 24Option and sharing in its full CySEC regulation and other international regulatory authorizations.

BinaryOptionsNow.com has traded at GrandOption a bit and over all its been pleasurable experience. That isn’t really a surprise since its roots are in Roleder LTD, parent company of 24Option.com. You can review our review of 24Option.com here. We are customers with GrandOption and generally only have great things to say about them. They offer a fast reliable website, great promotions, and are an example for how binary options brokerages should be run. For these reasons and more, we suggest you read our 2014 GrandOption Review.

Website & Platform

Mos binary options broker look the same. This is because brokerage companies white-label technology from larger providers, such as TechFinancials or SpotOption. Look at a few brokers we have reviews for and you can easily see this,  more often than not the biggest difference between one brokers website is the colors you see and the home page slider. We give high points to unique binary brokers because a unique website is a sign the company you are trading with has invested in their brand image and can meet certain technical standards often not found in the majority of binary options brokers.

Looks & Design

 

GrandOption Home Page

GrandOption’s website is nice and simple. The easy to read website doesn’t hurt the eyes when viewing the vast amount of information available about binary options trading or using the trading platform for hours on end. The home page is bright, welcoming, professional and is updated with new promotions frequently. A one-step registration form eases account creation.

Economic Calendar - GrandOption - Homepage

Also featured on the home page is an economic calendar, giving traders real time updates on high impact news events. There is also a link to starting to receive professional trading signals.

The trading platform is the same as other brokers using TechFinancial technology and like other TechFinanical brokers, GrandOption is easy to navigate. The sub-navigation page easily sorts out where the education materials, contact details, other information about binary options are located.

 

Trading Instruments Offered

GrandOptions.com offers fewer trading instruments than other brokerages only having High/low binary options and short term trades.

  • High/Low – This is the vanilla binary options trading instrument. Simply predict if an asset will be higher or lower in value in a selected period of timeHigh/Low Trade at GrandOption
  • Short Term – More popular than regular high/low trading instruments, short term trades provides a selection of fewer trading assets but the ability to enter trades that expire from 30 seconds to 5 minutes.

Short term trade grandoption

Assets Available

  • Currencies – 21 currency pairs are available to trade with at GrandOption
  • Commodities – GrandOption offers 7 commodities. What makes their commodity offers special is the availability of several assets paired with gold.
  • Indices – GrandOption has 13 indices available provides customers trading options almost 24/7.
  • Stocks –  A more popular asset group, there are 27 stock assets available.

Total Score Website & Platform – 15 out of 25

GrandOption has fewer trading assets and less instruments than most other brokers and because of this and BinaryOptionsNow gives the GrandOption website & Platform a score of 15 out of 25.

Performance

Nothing is worse than going to a website only to have it take forever to load or to find that they last time it was updated was well over a year ago. It is important for a website that you want to use on a regular basis to do three things well; load fast, work on your smart phone, and is kept up to date.

Webpage Speed

We did a load speed test using pingdom.com from an Dutch IP and the site loads on average 1.98 sec. This is pretty decent compared to SpotOption brokers but slower than 24Option.com.

Speed load test GrandOption

Platform Responsiveness & Mobile

The GrandOption home page is mobile responsive but there is not yet available GrandOption mobile app.

Update to Date

Being relatively new its hard to say how up-to-date GrandOption will continue to be, however so far they have changed the home page and promotions several times, helping keep users updated on new policies, promotions, etc.

There is a daily news section under the analysis tab which offers a detailed market report on each day. This report covers major economic events as well as global commentary on the financial market. In addition to this commentary, the reports also cover a bit about a majority of the assets offered for trading on the platform.

Daily Market News Featured at GrandOption

Total Score Performance 20 out of 25

GrandOption leaves nothing be desired with the performance of the site. The website and the platform are fast and reliable, Everything loads quickly and runs smoothly, BUT… there is no mobile app! Hopefully we can expect to change soon.

Support & Services

Support & Services are worth the largest percentage of the a broker’s review score and with good cause. As perviously mentioned most brokerages function and look more or less the same, what really helps separate one brokerage from another are the services offered and the support you will be receiving. GrandOption decided they were going to target binary options traders looking for a platform that would allow them to enter very high value trades, in order to do that have placed a keen focus on customer service.

Languages

 

GrandOption.com is available in a variety of different languages. There mother-tongue support and sales representatives for each of the six languages support during normal business hours for each language’s region.

EU - English - Flag - VIPaffiliates

English

RU - Russian - Flag - VIPaffiliates

Russian

TR - Turkish - Flag - VIPaffiliates

Turkish

DE - German - Flag - VIPaffiliates

German

IT - Italian - Flag - VIPAffiliates

Italian

FR - French - Flag - VIPAffiliates

French

Support & Sales

Creating an account is quick with a 1-step sign up form is easy and is as always free, but to get started trading you need to deposit a minimum of $250 to the website. Once you have deposited funds they will be available to you to trade with. Think of it like opening a bank account just for trading binary options.

For our test after registering our account we contacted the LiveChat support. We chatted for a bit with the support rep. and they were very professional and that led to a sale representative giving us a call shortly after. Like 24Option the sale person was very professional and really explained to me well what binary options trading was about as didn’t pressure me too much to deposit or make a large deposit.

GrandOption offers a ton of banking options. A trader can deposit money through various credit cards including Visa and MasterCard. They also offer account funding through Money bookers (Skrill) and Bank Transfer. You must have your personal documents verified prior to being able to withdraw, one needs to provide an ID Proof and copy of a utility bill while making the first deposit in compliance with the Anti Money Laundering policies after your funds but after that the money will go to the bank account or digital payment website with which you associate your account.

Being that GrandOption is regulated with CySEC there is no reason to believe that there would be any withdraw problems in working with them.

Tools

GrandOption offers clients the GrandOption Academy. In that section, the website offers guides on trading strategies, leading market indicators as well as training on using Forex, commodities and indices assets. There is also a video on demand section wherein videos on binary options are provided. There is also an interactive e-book describing various trading strategies and concepts. In addition to these, the broker also offers a webinars however a minimum deposit of a specific amount may be required to attend.

GrandOption Academy Videos GrandOption Academy - Video SelectionEbook Featured at GrandOption

The educational materials provided by GrandOption are not unique and can be found at most binary options brokers. As well they don’t provide very much if any useful information, instead its mostly geared towards teaching the user about the most basic of ideas for financial trading or binary options.

Total Score Support & Services  – 40 out of 50

Support & Services is the most important section of our reviews for binary options brokers and there is a reason why,  because dealing with a broker who has the worst website in the world can be a blast or trying to work with a broker with a flashy website but poor support ( I am looking at you Banc de Binary ) is equally terrible. GrandOption excels in providing both support and services to their customers and even though they lose points for not providing unique educational materials, they are still a big step a head of most of the competition.

Conclusion

GrandOptions is a licensed binary options broker which offers a range of underlying assets to trade. There are a lot of deposit as well as withdrawal options. Also, the parent company has experience in running similar broker services as it also owns two other brokers.

However, GrandOption lacks common trading instruments found at other brokerages and the educational materials are the same as all other brokers, as well there are fewer language options than at 24Option.

Don’t get us wrong, GrandOption is a great place to trade. They are well regulated, reliable and fast but they don’t bring anything new to the table or do anything different than either of its sister websites.

Total Score – 75 out of 100 – C

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

 

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