EmpireOption are a well-known Binary options brand based in Uruguay. They are regulated domestically and have also applied to be regulated by CySec in Europe. In 2013, they were voted Best Binary Options broker by FX magazine.

This company offers a range of different account types. Each account delivers a different set of benefits. Higher level accounts get access to more tools, reduced fees and even quicker withdrawals. These accounts range from the ‘Micro’ account up to the ‘Empire VIP’. This is dictated by the size of the initial deposit to the account.

Key Features

  • Demo Account: Available at a certain level (Empire+ and upwards)
  • Minimum deposit: £200
  • Minimum trade: £5
  • Mobile App: Yes, Android and iOS

Trading Platform

EmpireOption provide a fantastic looking system and performs great. This system provides a few extras that traders may find useful, one of these features is that the layout can be modified to display multiple trading windows. This defaults to two large windows initially. This can be changed into a table style, where each asset is displayed in a row or multiple view where there is up to sixteen trading boxes.

When users come to trade, they have a variety of options to choose from before going along with their trade. First, they can select what type of option they would like. There are Seven options which are Binary options, Pairs, Long Term, Short Term, One Touch, Ladder and Forex. As well as this, there is the iFollow feature. Now, the user can select an Asset and the expiry time as well as the trade amount. There are trading buttons located on the right side of the trading area, these are ‘Call’ and ‘Put’. These buttons are used by the trader to decide where they think the price of the asset will go next. By selecting Call, the trader believes that the price will rise, and by selecting Put, they believe that the price will fall. Clicking either of these buttons will then open the ‘Trade approval’ window, this is where the trade can be completed. Any approved trades will then move to the Open Position window which sits beneath the trading windows. This shows traders all their open and closed trades and gives the trader access to additional tools such as Double up, which allows increased investment in the selected trade, and Rollover which extends the time on the current trade. All in all, EmpireOptions is a brilliant platform for all traders, from the beginners, to the experienced.

EmpireOption

PROS:

  • Simulator available, but only with certain account levels.
  • Minimum Trade is £5
  • Signal Service available at certain account levels.
  • Mobile App available for Android and iOS
  • 80% Payout

CONS:

  • Minimum Deposit is £200
  • Simulator and Signals service only available at certain account levels.