Since its formation in 2013, YesOption has become the fastest growing online trading platform of 2014. Offering both Forex and Binary Options, YesOption has established itself as one of the most innovative and forward thinking of all trading platforms. Owned by Alpha System Developments, a Seychelles entity, the main offices are located in London, UK. Currently in the process of regulation, YesOption does not accept US traders.
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Trading Platform and Features
YesOption utilizes the highly advanced Techfinancials platform which provides much more in terms of usability and tools than any other platform. The platform offers easy navigation and advanced charting tools not available elsewhere. Very popular amongst traders of all levels, it is easy to switch between Forex and Binary Options and also very easy to use great risk reducing features such as the Close Early and Rollover Tools which can be used to secure a profit, limit of loss of increase the chances of a trade finishing ‘in-the-money’
The Platform is web-based and requires no download and there is also a mobile version which again requires no download and offers the full trading experience on all types of android, iphone and tablets.
Asset Index
One area that YesOption stands heads and shoulders above most of its competitors is the asset list. Over 125 tradable assets are available at YesOption including Bitcoin and popular stocks such as Apple and Facebook. There is also a very good spread of assets meaning that no matter what time zone you are trading in, there is always a strong mix of stocks, commodities, currencies and indices in which to trade. And remember… the more assets there are to trade… The more profit opportunities there are!
Trading Types
YesOption offers a number of different instruments to trade in:
High/Low
The most commonly found trading instrument in binary options. Here, you decide if the price of an asset will be higher or lower than a target price by the time the contract expires. YesOption also has a High Yield version of this called Above/Below which offers up to 310% Returns over shorter expiry times.
Touch/No Touch
Here, you choose if the price of an asset will touch a target price, or will not touch a target price by the time a contract expires. YesOption has a high yield Touch instrument which offers up to 310% Returns over shorter expiry times.
Boundary
Also known as the In/Out or Range instrument. Here, you make an investment decision based on whether or not the price of an asset will be in or outside a range of higher and lower prices by the time the contract expires.
Short Term
The short term instrument offers high/low trading on contract expiry times of 60 seconds, 2 minutes and 5 minutes.
Forex
YesOption was the first platform to offer traditional forex trading as well as Binary Option from the same platform. No more having to download the complex MT4/MT5, as YesOption offers the simplest method to trade forex; ideal for forex novices and those new to financial trading in general. Key features such as Stop Loss and Take Profit are provided, making it a comprehensive but easy way to trade forex.
Bonus and Promotions
YesOption offers a number of great bonuses and promotions designed to reward new and existing traders of all levels. Every depositor at YesOption will receive:
Up to 5 Risk Free Trades
Free 1-on-1 Personal Coaching With a Market Expert
Up to 100% Deposit Bonus
A Free iPad for Depositors of $2000 or More
Deposits and Withdrawals
The minimum deposit at YesOption is $250 or the equivalent in local currency and the maximum deposit is $8,500 per day, $255,000 per month. There is no minimum withdrawal and depending on the account type, there is at least one free withdrawal for every account holder. The minimum trading amount is $25 and the maximum per trade is $2,500.
Deposits and withdrawals can be made through Credit Card or Debit Card, Wire Transfer from your bank account, MoneyBookers, PayPal and CashU
Educational tools
In the Education Center of YesOption broker’s you will find a collection of various educational tools such as ebooks and exclusive video tutorials covering everything you need to learn about forex and binary options trading for both beginners and advanced traders alike.
Customer Service
This is an area which YesOption really excels in. Quality professional support is offered via telephone, live chat and email in both English and Arabic. The response times are excellent and a high level of helpful and friendly support is offered at all times. There are a number of local telephone numbers offered around the world, making YesOption a truly global company.
Conclusion
Despite being a relatively newcomer, the team behind YesOption have years of trading experience and know exactly what the trader wants and needs. The platform is unique in offering both forex and binary options together and the trading conditions including the returns and number of tools and features make YesOption the platform of choice for traders of every level, especially novices.
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I had a terrible experience with YesOption. First they will send a sweet-coated tongue talker over the phone to get you to join and deposit. Then they faff about with verification but it’s only to make you think they are genuine. Then they impose an Account Manager on you against your wish. Examples are Edward Taylor and James Quinn. And their job is to make sure you deposit big as their ratings are dependent on who gets to scam people the most. I was doing well but they kept telling me my account with trade size was damn too small. I needed to trade with thousands and they would help me – against my wish. I declared I wanted to stay small and trade my way up but no, they won’t stop.
I didn’t fall for their bigger deposit scam but traded my way up to more than double my initial deposit of $250 in about 3 weeks. You would think that would stop them from pestering me to deposit more and involve them in trading big. Then if it’s time to withdraw, it NEVER happens. First it will be pending unapproved for a long time. Then your withdrawal request would need to be reviewed by an account manager (not finance) before it is processed! And then the account manager will get in touch to try to get you to trade away the little money you want to withdraw. And if you fall for it, they will ask you to deposit more to recoup it. Until you are bled dry. And then ruined. And think about suicide.
But if you don’t fall for it, they will give you one million reasons you can’t withdraw. WEIRD reasons – it drops our company’s rating, it reduces the account manager’s strike rate, it’s too soon, you’ll have too little money to trade with, our finance department can only process multiples of $250 e.t.c. (I have only listed those they used with me). Then they cancel the withdrawals themselves and change it to whatever they want – both value and method. And oh no, they don’t even have to give you any reason. Subsequently they will have the audacity to phone you up and blatantly tell you black and white that you must deposit more or you will not get any withdrawal (I don’t see how that adds up). Oh, it was hell. You may be lucky and they decide to pay back the initial investment if it was by credit card (of course they know the card company will come for it if you complained) but never any profit.
They’re a big joke and blatant scammers. They are rude, arrogant and scamming liars. Do yourself a favour, NEVER go with an unregulated broker, no matter the argument they put up or review sites put up for them. They can never be trusted. The regulated ones are not necessarily to be trusted but at least you might stand a chance. I wonder at what point the governments of the world will start clamping down on these guys. I’ve never seen such an open scam in my life as it goes on Binary Options. Ruining lives and making people commit suicide due to their scams. Please if you must part with your (hard-earned) money, give it to charities.