Magnum options is the latest binary options brokerage to go under the Binary Today review. I’ve recently received some very positive emails from my trusted readers about this brokerage so I felt I would investigate myself and see if this broker is worth the high praise.
I have to say that I am very impressed with magnum so far and this review will inform of all the information you require in order to select a worthy brokerage.
Magnum Options Review
Like to start my reviews of binary options software and brokers like Magnum options with my personal take and experiences. One of the most important things to me in trading and life is how well that I’m treated. So far, in the time I spent with Magnum I’ve been treated very well.
By this I mean multiple things. The support team has been responsive and very reliable in handling any of the concerns and questions that I’ve asked them over the past few months. During this time they have also been quick to handle my withdrawal requests which is probably the most important thing to me when dealing with the brokerage.
I’ve heard way too many stories about traders that have to beg their broker to get a withdrawal and I’m happy to say that this doesn’t happen with Magnum options. At no point that I feel like my money was at risk what did I believe that my money would be held back from me.
Recently I’ve signed up with around 20 binary options brokers and I’ve really put them all to the test. Sometimes I fake issues and give them hard questions to try and find out which brokers I would be able to trust and the long-term. Magnum options prove themselves time and time again during these tests and have earned themselves a spot in the top binary options brokers.
Magnum Options Information
Now going to discuss some of the specifics so that you know if Magnum options can serve your needs. This broker was founded in 2014, except US traders and has 150 assets. The minimum deposit to get started is $200 and they do provide demo accounts when requested. They are using the spot option platform which is the top-rated in the community for its excellent data feeds and latency speeds.
They are located in the UK, London to be specific. This is a country that does have strong trading regulations so the probability of getting scammed is minimal if not nonexistent.
One thing I like about Magnum options that other brokers don’t provide is a strategic advisor. When traders hover the mouse over the bottom left-hand corner of the chart while trading they can choose between a handful of different indicators that will automatically generated trading suggestion. I have a similar tool that I use in meta-trader four called the trade assistant that uses many of the same technical indicators. Traders can choose between RSI, Moving Averages and Bollinger Bands. Is a very interesting concept and is something that really sets them apart from other brokers. I feel like this would be really helpful when using the binary options software that I recommend here on binary today.
Final Thoughts
Magnum options has earned the binary today seal of approval. I’m at the point now where I am willing to deposit one of my larger accounts with this binary options broker because they have earned my trust.
If you don’t have a broker or you do have a broker and you don’t trust them that I suggest you change to Magnum options today. I hope that you will share your experiences on this review as well, please leave all your comments below the article now.
Magnum Options is a scam. They took my money and have recently shut down, kept my money, and have not replied to my emails. Website also no longer exists.
I’ve invested with Magnum Options, having a little time keeping a account manager to stay. I had a bad experience with my first manager, took a big lose after nice gains, I think he got the boot. Now I’m having trouble communicating with email or phone me, trying to work through a bonus so I can start a steady draw. Any thing I can do to get there attention.
Morris
Hi Morris, don’t use an account manager. Do not let anyone trade for you ever.
Hi John, I’m kind a stuck, I learned how to trade, but I don’t have enough confidence to trade the big money and they have me in a spot.
Magnum’s academy staff sends tips, not sure if I should trust them either.
Thanks for answering
Hi Morris, I recommend a signal system like binary IQ, see here https://binarytoday.com/binary-iq/
Dear John,
Are you prepared to evaluate PorterFinance as a Broker?
Thank you and kind regards,
Adriaan Jordaan.
Hi John,
I invested £3000.00 with Banc de binary and I lost every thing in 1day following my account manager’s instruction. It was very devasting. I base in UK and I have decided to open another account with minimum require with a uk base broker. Pls I do I get the signal software? It’s very important I learn not to trust any account manager.
Hi Kennie, really sorry to hear that happened to you. This isn’t a Banc De Binary review but I will leave this comment here anyways. You can see the systems my readers use here https://binarytoday.com/best-binary-options-signals-and-software/
Hi John, did you deposit funds and are you actively trading on their platform. I see they have the same registered address as Boss Capital in London.
I want to set up a new broker a/c and which one would be better, I’ll be using BA to provide signals on 30 min trades.
Appreciate your advice as I’m sure all members do, great site providing honest, real, no hype information to the masses.
Thanks again…
Hi David, both are fine. Majority of my funds are still from the top rated https://binarytoday.com/best-binary-options-brokers/
I invested money on magnumoptions and i hope theres will be no probms when i submit a withdrawal request :)
Hi Voltaire, did you submit any withdrawal requests yet, what was the outcome??
I have an account with Magnum Options and have had no issues with withdrawals and haven’t been hassled by traders working for them.
That’s good to hear Neil.
Awesome news .Thanks for share.
I bought Binary Brain Wave, a week ago , I testing. I’ll keep you informed.
If anyone knows how to compare Trade Assistance signals with BinaryBrain Wave signals , please respond .
I wrote to John , a week ago but he did not answer.
Thanks ! Have a nice day !
I responded, go to my January income report, there is a video on it. https://binarytoday.com/my-monthly-income-reports/
Thank You really appreciate .