TopOption Review

UPDATE: Based on the recent reports that we found, we learned that TopOption is no longer accepting new clients. If you are looking for an alternative binary options broker then we highly advise that you sign-up with a credible brand such as 24option for a more rewarding and secured trading experience.

TopOption is a regulated binary options broker that offers a board range of trading products. Impressive but does it really deliver? Let’s find out in this review:

Advantages
1. Regulated by the CySEC
2. Low minimum trade size
3. Low minimum deposit requirement
Disadvantages
1. Doesn’t accept PayPal
2. Boring platform design
3. Mediocre support

 

Read the Bottom Line!
 

(5/5)

Minimum Deposit

Only $100 is the required deposit to open an account with this broker. It’s lower compared to the 43% of the brokers in the industry today that require a standard minimum deposit of $200.

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)

 

(2/5)

Design and Layout

The design somehow lacks creativity and can easily bore out any trader with its dull colors and uninteresting layout. A better theme would have made it more engaging.

(4/5)

Banking Methods

They accept the most common payment methods and this includes credit cards, fast bank transfer, Webmoney, Skrill and Neteller. Unfortunately, PayPal is not supported.

(5/5)

Minimum Trade

32% of brokers in the market today require a minimum trade size of $25 but with TopOption, the lowest amount that you can invest is just $5 which is good for lowering down the risks and managing the trading funds efficiently.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)

 

(5/5)

Available Assets

They have a more than 180 tradable assets which is way higher than the average number in the market today (76) and what’s even better us that they have covered all the 4 categories (stocks, commodities, currencies and indices) plus pairs and this still gives plenty of opportunities to make differentiated trades.

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)

 

(10/10)

Trading Platform

The trading platform that they are currently using is powered by TradeSmarter. It’s fast and has a diversity of instruments.

(7/10)

Quotes

Several tests on their platform never showed a couple discrepancies with the prices that are displayed on their interface and the actual market data.

(9/10)

Payout Rate

The regular binary options trade can pay a maximum return of 85%. This is at par with 33% of the brokers today that pay the same rate.

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)

 

(9/10)

Withdrawal Processing Time

Withdrawals at TopOption are processed with a maximum waiting time of 7 days. This is still faster than the average waiting time of 10 days that is followed by around 21% of the brokers in the market today.

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)

 

(5/10)

Customer Service

Unfortunately, the support quality was not able to meet the industry standards. Client assistance was not remarkable and was actually slow.

(10/10)

Regulation

TopOption belongs to the 59% of brokers that are licensed by an authorized regulator. Under Leadtrade Ltd., they are regulated by the Cyprus Securities and Exchange Commission (CySEC).

(7/15)

Brand Reputation

TopOption has been operating since 2012 but over the years they have lost their dominance in the binary options market. They have been overshadowed by other pioneering brands which have much better offerings.

Our verdict (80/100)

TopOption has a fair share of pros and cons and in the end only makes their service average. In binary options trading, you need to be with a broker that has the best features so you can utilize the most useful tools and services to maximize your returns which is why finding a different broker with better benefits is highly recommended.

UPDATE: Based on the recent reports that we found, we learned that TopOption is no longer accepting new clients. If you are looking for an alternative binary options broker then we highly advise that you sign-up with a credible brand such as 24option for a more rewarding and secured trading experience.

Read 24option Review ►

10 Responses

  1. pingu
    pingu at |

    The reason why I signed-up with this broker is due to the fact that it is regulated. I feel more secured knowing that my money is safe.

  2. Amir
    Amir at |

    Thumbs up for the review. I have been a member of Topoption for more than 2 years now and I could say that their service is superb. Personally, I’m giving them 8 out of 10 stars.

  3. Terrence KL
    Terrence KL at |

    Can anyone please confirm if they accept Australian clients? If yes, is it a good choice?

    1. Herbert Igles
      Herbert Igles at |

      Yes they do. In fact, Topoption is one of the top binary brokers in Australia. I’ve been trading with them since last year and so far my portfolio has been very positive.

  4. Hosting
    Hosting at |

    They are so honest I received my $200 withdrawal in only 3 days im so glad and satisfied with them. Id highly recommend TopOption for those who want to stary binary options trading

    1. Gordon Sanderson
      Gordon Sanderson at |

      This is something good to hear about TopOption. They are actually well-know for being well-founded

      1. Randy Bible
        Randy Bible at |

        Are they no longer operational or they just stop accepting new traders?

        1. Rocky Epps
          Rocky Epps at |

          As per the conclusions from this review they are no longer accepting new clients.

          1. Patricia Herring
            Patricia Herring at |

            Well we need to at least know the reason why they suddenly stop accepting new clients. I think we need a little bit of explanation from them.

  5. Darrick Brand
    Darrick Brand at |

    TopOption provided a notice to the public that they will no longer be in operation starting 1st of May 2017. Go and check their site if they still have those warnings.

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