Magnum Options is one of the best modern-day brokers available on the market. They stand for transparency and honesty, providing their customers with great services which they have confirmed in the numerous Magnum Options reviews you can find online. This broker was established back in 2013, and since then, many people decided to start trading and put their trust in Magnum Options. The company provides a vast choice of trading assets which users can choose from, and they offer 24/7 customer support. In this Magnum Options review, we will take a look at all of the services, advantages and disadvantages, and choices which Magnum Options has to offer!
The Account Types
Magnum Options offers its users to choose between one of six different account types which come with different advantages. Another great thing is that this broker offers a demo account, which users pointed out as a great advantage in their Magnum Options reviews. The demo account is perfect for a newbie trader (or, in fact, an experienced trader who is new to this particular platform) to take a look around, learn how the platform work and how to place their investments, or to get a taste of real trading without putting their money at risk. The demo account is the place where you can learn, get experience and confidence. Besides the demo account, Magnum Options offers the following accounts:
- Mini Account
In order to open a Mini Account at Magnum Options, you would have to deposit a minimum of $500. This is the most basic account and according to Magnum Options reviews, it is the ultimate choice for newbies who are just entering the field of binary options trading. With this account, you will get a welcome bonus of 25%, and also an access to starter webinars, educational videos and a free online eBook.
- Starter Account
The Starter Account at Magnum Options is also labelled as a “newbie friendly” type of account, an in order to access such an account you would have to deposit a minimum of $1000. With this type of an account, you will receive a welcome bonus of 30%, and additionally you will get access to starter webinars, a free eBook, educational videos and market reviews via email.
- Silver Account
The Silver Account at Magnum Options is the recommended type of account by this broker, stating that it is the best deal for its value. With this account, you will get to choose between a welcome bonus of 50% or 1 risk-free trade. You will also receive a free eBook, an access to starter webinars as well as an access to one VIP webinar, educational videos, market reviews via email, an appointed account manager and one academy session. The Silver Account at Magnum Options is priced at $5000.
- Gold Account
By depositing $10.000, you will receive an access to the Gold Account at Magnum Options. According to Magnum Option reviews by users, the Gold Account provides users with some great benefits which will be of a great use. The owners of one such an account at this broker will get all the advantages from the previous, less exclusive types of account, plus some additional features, such as: a choice between a 75% welcome bonus, 3 risk-free trades or 1 guaranteed profit trade, two VIP websinars and two academy sessions, plus the opportunity to equip themselves with a new tablet.
- Platinum Account
The most exclusive type of account at Magnum Options is the Platinum Account, which you can get a hold of by depositing the minimum of $25.000. The owners of this type of an account can choose between a 100% welcome bonus, 5 risk-free trades or 3 guaranteed profit trades. Additionally, you will receive all the benefits that the other lower-deposit accounts have, such as educational videos, 5 academy sessions and 2 VIP webinars, a tablet, and plus, you will get the option of same day withdrawal.
Magnum Options Trading Platform
If you have ever gone into binary trading before, when you first visit Magnum Options’ trading platform, you will see for yourself that you would already know what to do. This broker’s platform is built in the conventional way of binary trading, meaning that it is as user-friendly as is can be. Even if it is your first time getting into the world of binary trading, you will surely understand how it works in no time. Magnum Options has its own data provider – Thomas Reuters. The platform is stable and will provide you with everything that a trader needs. By choosing Magnum Options as your broker, you will get the opportunity to trade with more than 150 different assets by using different binary options types.
Magnum Options also offers its users the change to trade while on the move, i.e. via smartphone or tablet. The mobile app features all of the characteristics of the desktop version, but it is neatly packed as an app for both iOS and Android.
Assets at Magnum Options
As mentioned before in this Magnum Options review, the broker offers its users the chance to choose between more than 150 assets to make their investments in. The assets are divided into five pain categories: currencies, commodities, indices, stocks and pairs. Here are some of the assets which this broker offers:
- Currencies: AUD/CHF, USD/SEK, NZD/JPY, EUR/SEK, BitCOIN/USD, AUD/NZD, etc.
- Commodities: COFFEE, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR and more.
- Indices: DOW FUTURE, TZA-SHORTX3, BOVESPA-F, FTSE 100 (U.K), FTSE FUTURE, STRAITS TIMES, KL FUTURE, ASX FUTURE etc.
- Stocks: 3M, AXIS BANK, BHP BILLITON, BLACKBERRY, BMW, DEUTSCHE TELCOM, MICROSOFT, RIO T. VS. BHP B. and others
- Pairs: GOLD VS SILVER