KPFL NZ Binary Option Platform Review: Grand Option Platform for USA Traders

KPFL NZ  Binary Option Platform Review: Grand Option Platform for USA Traders

Introduction

Another in the new generation of regulated brokers to come out of Cyprus, Grand Option has chosen to put a new spin of the design of their binary option broker platform. The GrandOption.com website looks more like a news site than a traditional online broker, which is a breath of fresh air. However, looking further, there are certainly some issues with how the site and broker is set up. That being said, the Grand Option educational center is excellent, and the trading platform itself has everything that traders need

Owned by the same people who brought us the leading binary options broker 24Option, GrandOption is a new binary option trading platform established by Rodeler Ltd especially for small time investors and new binary traders. 
This binary trading platform is characterized by two distinctive features; its low minimum deposit requirement and its  low minimum trade requirement. Traders who only have limited investment capital or don’t want to risk a large amount of money on a trade can now open a trading account with GrandOption with a deposit as low as $100 and of $250 for other accounts. The minimum trading amount required per trade is low as well at a minimum of $25 per trade.

To allow new traders to trade with ease, GrandOption uses a Tech Financials trading platform. Unlike most of the trading platforms that we see on the internet, GrandOption’s trading platform has a wide interface with a customizable trading chart. The trading platform also allows traders to manage multiple trades while at the same time reviewing  their trading history. Overall, the trading platform helps to make the trading process a little bit more simple and really easy to  understand.

Platform’s Unique Features

The platform supplied by GrandOption to its traders has been quite popular among traders mainly because several unique features such as:

• Informative Price Charts with 2 weeks price history
• Dashboard with trade history
• Trader’s choice Bar
• Stop Loss/ Take Profit feature
• Technical Analysis Indicators

All these additional features help to put GrandOption’s traders a step ahead of other binary traders trading with less advanced trading platforms, especially with the help of the technical analysis chart option. With this feature, traders can call up a separate pop up price chart and interposed technical indicators over the price movements to get a better picture of the price movements.

Software and Features 

The Tech Financial engine powers the Grand Option broker platform so traders know that it will be easy to use while still offering all the tools necessary to make quick, accurate trades. Despite the fact that there is no demo account, the educational academy has more then enough articles, videos, and e-books to get new traders started The rest of GrandOption.com can be a bit confusing, as some parts of the website are hard to find or contradict other parts. Along with telephone support, live chat customer service is supposedly available 24/7 but could not be reached at certain times.

Option Types Offered 

About the standard number of stocks, currencies, indices, and commodities that you would expect from a new broker are supported; 75 at the time of our Grand Option review.

• High/low options,
• short-term (60-second) options, 
• one-touch options, and
•  boundary options are all available to trade 

with top-notch charts supplementing the trading environment. Exact limits for in-the-money returns are a bit hard to pin down, but it looks like most trades offer profits between 70% and 85%. Losing trades are eligible for refunds up to 10% as well.

Account Types Offered 

Three different account levels are currently offered by Grand Option: 

• Standard, 
• Superior, and
•  VIP. 

Traders who qualify for the standard account will have access to the trading platform and all the normal features of GrandOption.com. Superior and VIP account holders get higher returns, individual coaching, faster withdrawals, and more. It is important to contact customer support before registering in order to see what account you can qualify for as well as how high your Grand Option bonus offer will be. Banking is securely transacted through credit cards, wire transfers, and e-wallets like Neteller.

Trading Contract Types

There are currently only two types of trading contracts at GrandOption, High/Low and Short Term trades. Although the choices of trading contracts are rather limited, however traders have a wide selection of expiry time to choose from. For example, for short term trading contracts, the expiry times range from 30 seconds to 5 minutes. As for High/Low trading contracts, the expiry times available ranges from 5 minutes to 30 minutes.

Trading Accounts

Available at GrandOption are 3 types of trading accounts. They include as stated above Standard, Gold and VIP trading accounts.

Standard Trading Account

• Easiest to open with $100 minimum deposit
• Access to trading platform and 24/7 customer support (when someone answers!!)

Gold Trading Account

• Extra 2% in return over standard trading account
• One free withdrawal per month
• Support from marketing analyst
• Assistance with portfolio management

VIP Trading Account

• Personalized trading
• Personal Training
• 4% extra returns
• Unlimited Free Withdrawals



Payout Ratios
The payout ratios currently offered by GrandOption depend on the type of trades made as well as their expiry times. On the whole, the percentage returns can vary from 75% to more than 300%.  As for failed trades, there are currently no rebates offered.


Asset Index

Catering to largely European based clients, GrandOption offer customer support in 

• English, 
• French, 
• Russian and 
• Turkish on a 24/7 basis. 

All traders have to do get in touch with the support team is to contact them by email, Live chat or through the telephone.

Despite being a fairly new binary broker, the number of underlying assets that are available for trading at Grand Option is reasonably quite extensive numbering close to 80 different assets.

Customer Support


Reliability
Although GrandOption is a new brand in the binary trading industry, the people behind this platform are seasoned professionals with a reputation for integrity and professionalism. Judging from the way they have managed 24Option, traders can also expect the same standard of services from GrandOption. In adition, since GrandOption is operating under Rodeler Ltd’s CIF license, this mean GrandOption is a legitimate binary broker regulated by the Cyprus Securities Exchange Commission (CYSEC).


Pros
Stop Loss/ Take Profit feature! Lock in potential profit before the market turns, Learn and master it in just one trade, Limit your losses by automatically closing a position.

• Advanced User Friendly Trading Platform
• High Deposit Bonus (Up To 75%)
• Offer Trading Competition With High Value Prizes
• Regulated Broker
• Reputable Management Team
• Wide Range Of Tradable Assets




Cons

• Inflexible expiry times for trades
• Lack of publicized information on bonuses
• Limited trading contract types
• No rebates for out of the money trades




Conclusion

The fact that Grand Option is regulated in the EU is a good sign that any problems they might currently have will be ironed out in the future. That certainly doesn't mean that GrandOption.com should be avoided though, as many traders, especially beginners, will find the educational academy worthwhile and enjoy using the high-powered binary trading platform.Overall, GrandOption is a good choice for beginner traders as well as those with limited investment capital. The low minimum deposit requirement makes it easy for anyone to open a trading account with them. Furthermore, since they are regulated by CYSEC, traders can rest easy that their money will be handled safely by GrandOption.




Here are some comments from some traders that I have had previous feeback from about GrandOption Binary Brokers.




GrandOption User Reviews




Adam Y. Clemons from United States

Owned And Managed By A Reputable Holding Company


They are owned by the same guys behind the leading binary broker 24Option.

Pros:Established and managed by a reputable company, Rodeler Ltd 

Cons: No complaint about these guys

Ease of Access

5

Platform Performance

5

Reliability

5

Customer Support

5

Payouts Percentage

5

5

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Mario A. Qualls from United States

You Can Get A Deposit Bonus Of As High As 75%


The welcome deposit bonus offered is quite generous.

Pros:Generous Welcome Deposit Bonus

Cons: Information about Bonuses are not publicized

Ease of Access

4

Platform Performance

5

Reliability

4

Customer Support

5

Payouts Percentage

5

4.6

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Roger N. Paul from United States

One Of The Very Few Binary Brokers Offering Up To $10,000 In Prizes


They recently started a trading competition promotion with prizes up to $10,000.

Pros:Regular attractive promotional events for loyal clients

Cons: The duration for the trading competition should be longer

Ease of Access

4

Platform Performance

4

Reliability

5

Customer Support

5

Payouts Percentage

5

4.6

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Joseph K. Fritz from USA

CYSEC Regulated Broker


Although a newly established broker, they are regulated by CYSEC.

Pros:Licensed and Authorized By CYSEC under the License number: 207/13

Cons: Limited number of trading contract types

Ease of Access

5

Platform Performance

4

Reliability

5

Customer Support

4

Payouts Percentage

5

4.6

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Roger M. Burnett from USA

User Friendly Trading Platform With Sophisticated Trading Tools


Not your average boilerplate trading platform.

Pros:Advanced trading platform with technical analysis ability built in

Cons: You can’t vary the expiry time of your trades like OptionBuilder

Ease of Access

4

Platform Performance

5

Reliability

5

Customer Support

4

Payouts Percentage

4

4.4

So in my final Verdict  recommendation on GrandOption brokers  I give them 4.8 / 5 Stars for overall Service, performance and user friendly platform.



Ease of Access
4
Platform Performance
4
Reliability
5
Customer Support
5
Payouts Percentage
5