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Overview

MyOption is an international company that provides traders from around the world with brokerage services. The company primarily focuses on the provision of the trading platform for binary options trading.

The company is headquartered in the United Kingdom, and its representative offices are located in Bahrain, Hong Kong, Singapore and Russia. The official website of the company is available in several languages: English, Arabic, French and Russian.

Traders can choose various assets for options trading. And if they do not have knowledge of binary options trading, they can use learning materials, published on the website of the company MyOption.

The brokerage company welcomes new clients with various first deposit bonuses, which vary between 50% and 200%. In addition, they are able to make one risk-free transaction.

Bonuses

Traders may find some promotions on the trading platform of MyOption, which will enable them to make transactions without any risk or to get the first deposit bonus.

The first deposit bonus can be obtained by all new clients of MyOption. To obtain it, they firstly need to register with MyOption, then select a trading account from the offered ones, and finally fund it in any possible way. Bonus funds are credited to the client as soon as he funds an account, but traders will not be able to use them in binary options trading. Users need to close a trading turnover, indicated by the broker, to release them, use them in options trading in the future or withdraw them from the personal account.

Release of bonus funds:

- bonus up to 50% - trade turnover = (deposit + bonus)*20

- bonus from 51% to 100% - trade turnover = (deposit + bonus)*25

- bonus from 101% to 200% - trade turnover = (deposit + bonus)*30

- bonus over 200% - trade turnover = (deposit + bonus)*35.

The size of the bonus is determined by traders based on their knowledge and skills.

The promotion Risk-free is an offer from the broker for traders to conduct the first transaction for free. Properly speaking, the company MyOption allows new customers to make the first transaction with insurance, i.e. in case of losses, all lost funds of the trader will be returned to his account.

Risk-free will be automatically cancelled in the following cases:

- if the trader uses the option "sell back" that is provided by the broker

- if the amount of the transaction on binary options exceeds the allowable maximum.

Training

The brokerage company MyOption has published on its official website educational materials for beginners that will enable them to trade binary options at the appropriate level.

Educational materials about binary options trading.

1. Binary options. Why are they chosen by traders?

- high speed training

- easiness of trading

- gains and possible losses are known in advance

- opportunity to earn in case of any market behavior

- no commission

- risk management

- wide range of markets for trading

- comprehensive support from the broker.

2. Analysis of the market:

- different types of market analysis

- basics of technical analysis

- operations with charts

- patterns that indicate pivot points and the beginning of trends

- support and resistance levels

- what is trend

-use of moving averages for market analysis

- basics of fundamental analysis

- major economic factors that directly influence prices on the market.

3. How to invest in binary options

- basic principles of options trading

- types of binary options

- no touch binary option

- touch binary option

- corridor binary option

- high/low binary option.

4. Video tutorials about binary options:

- what are binary options

- what markets are intended for options trading

- basic advantages that are provided by binary options trading

- correct distribution of risks

- psychology of binary options trading

- basic postulates of passive options trading

- basic postulates of aggressive binary options trading

- technical analysis of the market

- fundamental analysis of the market

- use of shooting star pattern

- use of three white soldier pattern

- use of downside gap three pattern

- use of breakout pattern

- use of harami pattern

- basics of money management by traders to increase profits.

Terms of trading

MyOption offers traders the following conditions of trading on the global financial market:

- financial tools: shares, commodities, currency pairs and indices

- types of binary options: classic, 60 seconds, one touch, pro trader, constructor

- trading platform MyOption for binary options

- the minimum deposit is $250

- profit from a transaction is up to 85%

- insurance is provided fro several types of accounts.

The brokerage company MyOption offers traders several types of accounts for binary options trading:

- Silver

- Gold

- Platinum.

Trading account Silver:

- deposit is from 1 to 999 dollars

- the first deposit bonus is 20%

- professional manager is assigned

- professional support via phone.

Trading account Gold:

- deposit is from 1,000 to 2,499 dollars

- the first deposit bonus is 30%

- professional manager is assigned

- professional support via phone

- free e-book.

Trading account Platinum:

- deposit is from 2,500 to 5,000 dollars

- the first deposit bonus is 40%

- professional manager is assigned

- professional support via phone

- free e-book

- premium training from professional analysts.

The brokerage company MyOption provides all its customers with an opportunity to open Islamic accounts. There are no fees and commissions on Islamic accounts, and all funds are situated on individual accounts, where commissions are also absent.

Forex indicators (for binary options)

- ParabolicRegression StopAndReverse

- Trend Filter

- MTF Candles

- Ma crossover signal

- RSIOMA.

Forex indicators are allowed to be used on the famous trading platform Meta Trader 4 that is designed for trading on the foreign exchange market. These indicators do not operate on the platforms for binary options.

Binary options strategy

- hedging is one of the simplest strategies for binary options, since it is necessary to do elementary things in it, i.e. make bets in opposite directions on one asset. In this case, one of the bets will be closed with profits and compensate for losses of another bet.

- Martingale is a strategy for binary options that is based on the famous Martingale method. The meaning of this strategy is that after each unprofitable transaction on one asset it is necessary to increase exponentially the bets until one of them wins. As soon as the bet wins, it will cover all losses from previous bets, bringing profits. Then traders need to start again with the lowest bet.

- moving average is a strategy for binary options that implies the use of moving averages for market analysis, whose help allows traders to determine the direction of starting trends and their reversals. These indicators will enable traders to use them for options trading.

Forex indicators operating just on the well-known trading platform Meta Trader 4 are used in the strategies for binary options, so before using them traders need to download the above-mentioned platform, respectively.

Unique features

The brokerage company MyOption is one of the few modern companies that offers mobile applications, allowing users to trade binary options from anywhere in the world using mobile devices. Traders need to download required software from the official website of the company MyOption in order to take advantage of mobile applications. It is also necessary to install it on the mobile device and start trading binary options.

Add/withdraw funds

Traders of MyOption can use the following methods to deposit and withdraw money from the accounts: Maestro, Visa, Master Card, Moneybookers and wire transfers.

Contacts

Traders can communicate to employees of MyOption using e-mail [email protected], international phone +44-203-734-80-13 and a feedback form that is available on the official website of the broker.

Cons and pros

+ the famous British binary options broker

+ many various options and assets

+ various learning materials

+ deposit Forex bonus

+ risk-free transaction.

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