Magnum Options is a very versatile binary options broker that offers a number of intriguing features. If one of them is right for you, registering with Magnum Options will surely be a decision you will not regret.
Magnum Options is a reliable trader, as proven by their guaranteed payout rate of 70-81%. This means that when you win a binary option with an investment of $500, you get a payout of $825-$875.
In addition to these high payouts, Magnum Options also offers a payout of up to 10% for lost trades. This can increase your payout even more, meaning that you can effectively earn up to 85% payouts with Magnum Options.
Knowing these numbers in advance makes planning a trading strategy much easier, because it takes away the guessing game of which payout you will get.
To register, simply fill out the form on their website and deposit some money into your account with bank wire transfer, Moneybookers (Skrill), credit card, etc. After that, you are ready to trade.
You do not need to install special trading software to use Magnum Options. The online trading platform can be accessed from any devise with a web browser and has a special mobile version that makes sure you can trade on your mobile device.
Contrary to many of its competitors, Magnum Options does not use different account types. That means that you can enjoy the full range of options and service models right from the start. This fact makes Magnum Options especially attractive to new traders that do not want to use a provider where some services are exclusive to rich traders.
Magnum Options also offers an academy where its customers can learn the basics of binary options through videos, seminars, and eBooks. New traders can use this great service to become more successful.
Magnum Options offers its traders a wide array of assets they can use to invest in a binary option.
For each asset type, Magnum Options offers a large number of assets from every continent to invest in. That means, with Magnum Options you can employ any kind of strategy. You will always have the right assets. Since you are offered stocks and indices from every time zone, you can also invest at any time – there will always be an open market waiting for you.
Magnum Options offers the following option types:
- High / low options
- Long term
- 60 seconds
- One touch
For all option types you can choose the expiration time in steps of 15 minutes or let your option expire when the market closes. This system gives you great control over your timing, one of the most important factors in investing in binary options.
The only exceptions with a different expiry models are long term options and sixty seconds options. Long term options can end on each of the next four weeks’ Friday market close. For a longer expiration time, you can choose the last trading of each month for the next day.
One of the special features of Magnum Options is the selection of short time expiration times. While most other brokers force you to use a 60 seconds expiry, Magnum Options allows you to choose from 30, 60, 120, 180 and 300 seconds expiration times.
This tool allows you even more control and better timing, even on short term investments. For traders of short time frames, there’s currently little competition that can keep with Magnum Options in the market.
Another asset that aims at giving the trader more control is the ladder. The ladder works much like a touch option. Magnum Options offers you five different price levels. The further a price level is from the current market price, the higher is the payout you get if you win your option.
Once your option reaches the first price level, you can either stay invested or take your money and close the option.
With ladder options, payouts can easily reach 1,000% on a single trade. That means, when you expect a very strong movement, for example when scheduled news are about to hit the market, you can use the ladder to benefit from this movement more than any other broker allows you to.