GrandOption are a rapidly growing Online Binary Options broker, they operate under the company name Rodeler Limited and their headquarters is in Cyprus. They are regulated by CySec and they aim to offer a top level trading experience to new and experienced traders.

Key Details

  • Demo Account: No
  • Minimum Deposit: £250
  • Minimum Deposit £25
  • Mobile App: Yes, Android and iOS.

Trading Platform

GrandOptions trading platform is a slightly different style to rival brokers. Down the left-hand side of the trading area are the option types, there are 4 of these which are High/Low, Short Term, 100% payout and Max profit. After the user has selected the option type, they must then select an Asset. These assets are shown on the right hand side of the option types, and to select an option it’s as simple as highlighting the row with the required asset.

The graph will update will update once the asset is chosen, showing information on the selected asset. The trading buttons and strike price will also update depending on the chosen asset. The underlying asset, payout percentage and expiry time are all shown at the top of the trading area. Underneath the trading buttons are the details of the potential trade, including the potential payout and whether the trade can be closed early or not. This will update as the amount field is altered.  When a trader selects the amount and direction, a trade confirmation screen will appear which allows you to accept of decline the trade. If a trade is accepted it will appear in the ‘Open Trades’ area. This is where all open trades will be displayed.

Grand Option

PROS:

  • Mobile App Available for Android and iOS
  • Payout 88%
  • Large range of Currency pairs
  • Stop loss and Take profit orders

CONS:

  • No Demo Account
  • Minimum Deposit is £250
  • Minimum Trade is £25
  • No Signals Service