Options trading is one of the quickest ways to make money online.
How do I know?
I know because I have personally traded and earned over Ksh. 502,000 in Kenya.
I recently shared my success story on Forex and Loans and here are some of the questions that came along.
How did you do it Kenn?
Can I also earn that much money online?
Of course you can!
How do I register to start trading online?
Aren’t there any other good brokers you’d recommend online?
Of course there are.
And it is because of this last question that I am writing today’s post – and dedicating it to you (seasoned traders) searching for other reputable brokers to trade by. Or new traders merely seeking to open new training accounts.
Before we go in deeper in to giving reviews of each trading platform, how about we list them first?
Olymp Trade Review
Olymp Trade is an international online trading platform founded in 2014. Though it now operates more in Asian And African countries (including Kenya, Tunisia, Nigeria, South Africa, Malaysia, Vietnam, Indonesia…); its offices are in St. Vincent and the Grenadines – Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown.
Factors we considered before including Olymp Trade in Our list of Best Brokers for Options Trading 2019.
Is Olymp Trade Regulated?
Yes, Olymp Trade is regulated by the Financial Commission as a category A member.
FinaCom is an independent international organization that provides and guarantees protection of traders’ rights.
In case you are breached, the commission protects you with a fund of up to €20,000 per case.
How Can I Earn Money in Olymp Trade?
To earn money in Olymp Trade, you have two options. To either trade Forex or Trade Options. Each way of making money online guarantees up 90% profits. Which is very lucrative.
Which Assets Can I Trade With Olymp Trade?
Olymp Trade boasts of over 70 instruments which you can use while trading options under these assets ( currency pair, commodities, Indices, Stocks and Cryptocurrencies).
You can choose and change your preferred assets on the top right corner of your trading chart.
Does Olymp Trade Have a Mobile Application?
What’s The Minimum Deposit in Olymp Trade?
You can deposit $10. This will activate a standard account which guarantees that you get 82% returns on correct forecasts.
You can also opt to deposit a lump sum of $2,000 to get additional benefits like – risk free trading, increased returns on assets, a VIP consultant (for personal coaching) among other benefits.
There are over 10 deposit options available in the Platform. Olymp Trade recommends that you use the Skrill deposit option if you encounter an error in VISA.
What’s The Minimum Withdrawal Amount in Olymp Trade?
You can Withdraw as little as $10. And note that funds can only be withdrawn to the exact wallet which was used for deposit.
If you are withdrawing to VISA it can take 3 to 4 working days to receive your funds.
To sum everything up, Olymp Trade is great on education; doesn’t require much to start trading and it is user friendly. So much simplified that you can trade in a language you best understand. Here’s how to access the change language option.
Olymp Trade Contact Details
Call : –
+27 (21) 1003880 – Cape Town, South Africa
Email – email@example.com
Like Olymp Trade, Binomo started in 2014 and is registered in Seychelles for Binary Options Trading. You can access and trade on this platform globally. However, there is not so clarity about it’s regulation as its CySEC licensing continues to pend.
How Do I Trade in Binomo?
Trading on Binomo requires no much expertise because the platform is designed with lots of simplicity. It’s just like trading in Olymp Trade. Not so much difference. Choose the assets, adjust your trading time, select your trade amount then call or put option. Should your forecasts be correct, you get up to 85% return on investment.
Binomo Account Types
Binomo has 4 different account types; the demo account, the standard account, the gold account and the VIP Binomo account. Apart from the demo account, the rest of the accounts are differentiated by 5% cashback percentage margins and withdrawal periods.
How Much Can I Deposit to Binomo?
The minimum amount you can deposit to Binomo is $10 that’s in a standard account.
Gold accounts need a minimum deposit of $500 and $1000 for VIP.
Binomo VIP deposit is lower than any other in the market today. Which is a good thing for heavy traders.
Does Binomo Have Bonusses?
Binomo has a deposit bonus system which ranges from $25 to $100
Binomo Mobile Trading Apps
Binomo Minimum Trade Amount
Trade with only $1 on this platform and get up to 85% returns on your investment.
Binomo Contact Details
Skype: – support.binomo
email: – firstname.lastname@example.org
Expert Option Review
Expert Option is also a St. Vincent and the Grenadines Company located in 1510, Kingston, Suite 305, Griffith corporate center.
The company started in 2014 and is owned by Expert Option Ltd.
Like Binomo and Olymp Trade, Expert option offers digital options trading on a varied smorgasbord of instruments under different assets.
Is Expert Option Regulated?
Yes, expert option is certified by the Financial Market Relations Regulation Center and by the Vanuatu Financial service commission. These two organizations are independent of Government operations. Find out if your country is in the jurisdiction covered from these regulator websites.
What’s The Minimum Deposit Amount in Expert Option?
At expert option you can deposit as little as $10. But that’s only if you are topping up an existing account. To activate a new account and begin trading options with real money, you will need at least $50.
What’s The Minimum Trade Amount in Expert Option?
You can trade with as little as $1.
Expert Option Account Types
Expert option has 5 different account to choose from. Each account has an advantage over the other by either an added feature or increase in yield.
Another major difference is the activation deposit amount.
To activate a basic account you need to deposit at least $50. Silver accounts are activated with $500; gold accounts are activated with $2500 and platinum accounts activated with $5000.
However, you will need a special invitation to activate an Exclusive account.
Expert Option Contact Details
If you are trading from India, these are the expert option contact details for your country – 000 800 443 0002, email: email@example.com, available 10:30 – 19:30 (India time)
Thailand traders can contact expert option on +66 6000 35 407, email: firstname.lastname@example.org, available 10:30 – 19:30 (Thailand time)
UK traders should reach expert option on +44 20 3868 3160, email: email@example.com, available 24/7
Expert Option Mobile Apps
Download the expert option mobile apps for Android and iOS
By far these are the most popular trading platforms in Asia and Africa which goes to prove that they offer the best of options trading services to the people. And they are reliable and safe to trade with. Did I leave anything out? Tell us about it in the comment section.