Empire Option Binary Broker Review
Empire Option was established in 2010 and is based in Montevideo, Uruguay. Since their inception, Empire Option has quickly become one of the most popular binary options brokers in Latin American countries. Empire Option has a vast array of trading instruments, covering everything from equities and commodities to Forex pairs and indices. At this time, Empire Option is not regulated. Let’s quickly go over what you can expect trading through Empire Option.
Types of Accounts
Empire Option caters to every style of binary options investor by offering five different trading accounts. The accounts are: Micro, Classic, Empire Plus, Preferential and Empire VIP. Minimum required deposits are: $200, $500, $1,000, $5,000, and $30,000, respectively.
Even though the micro account has the smallest required initial deposit and comes with weekly reports and free trading seminars, it also takes 10 weekdays for withdrawal requests to go through which have a $200 withdrawal limit.
This may be off-putting to some traders, which is why Empire Option’s best value buy, in our opinion, is their Empire Plus plan. With Empire Plus traders get access to daily reports and analysis, a personal account executive, special promotional offers, and free trading signals in addition to a free market simulator – which is an excellent tool to practice trading strategies and tactics.
Trading with Empire Option
Empire Option runs on the SpotOption 2.0 platform, which allows traders to make money trading High/Low options, Pairs, short-term options, One Touch, and even Forex contracts. They also allow Limit Orders and iFollow social trading. Limit orders allow you to take trades at the most optimal price points, while iFollow allows investors to scope out the most profitable users to copy their trade ideas.
Even people unfamiliar with binary options trading will be relieved to find out Empire Option offers some of the most thorough and well-rounded educational packages. They offer everything from free seminars and trading books to simulators and even an Empire TV video section.
No matter your experience level, there are more than enough ways to profit with Empire Option. Their website is well-designed and their trading interface makes binary options trading a simple concept to understand. Even though they are not currently regulated, we highly recommend checking out Empire Option.