de | cn | ru

33option Review - is it scam or safe?

33option Review - is eu.33option.com scam or good binary options broker?

RATING: 2 / 0 REVIEWS
FIND BETTER BINARY BROKER

Basic Information

 

Minimum deposit  Min./Max. bet size Payout % Deposit Bonus Trading platform Regulation
$250 $25/ $3 000 Up to 85% N/A TechFinancials CySEC

 

33option is a European Binary options broker, offering trading on TechFinancials binaries platform under competitive trading conditions.

 

33option` customers get access to an Educational center to inform themselves on basics of binary options and help them optimize their trading strategies. The broker offers online webinarstrading glossary and more.

 

Trading Accounts

 

Unlike most binary option brokers, 33option offers a single type of account. This means that 33option’s clients may not choose between different account types, but ion the other hand, treating all clients equally is a good thing.

 

Besides, 33option does not offer demo account either.

 

The Company. Security of Funds

 

Company

Country

Regulation

  B.O. Tradefinancials Ltd

Cyprus

CySEC

 

33option is operated by B.O. Tradefinancials Ltd., which is backed by its sister company TechFinancials, a leading provider of trading technology, which is listed on the London Stock Exchange AIM market (symbol TECH).

 

B.O. Tradefinancials Ltd. Is a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2013. It also operates the OptionFair binsry broker brand.

 

In order to provide a certain level of security, Cypriot financial watchdog applies a set of rules and requirements to license holders. For example, CySEC fined B.O. Tradefinancials Ltd. for the amount of EUR 138,000 as a contingent liability for certain regulatory breaches in the preliminary results for the year ended 31 December 2015. 

 

CySEC requires Cyprus-based brokers to hold a minimum of €730 000 in order to prove their good financial standing and to regularly report transactions. Moreover, all CIFs are members of the Investor Compensation Fund, which may cover investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent.

 

In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.

 

Trading Conditions

 

Trading Options: High/Low, One Touch, Boundary, 60 Second Trades

Assets:  Stocks, Indices, Currencies, Commodities

Expiry Times: 60 sec. to Long-term

 

Minimum Initial Deposit

The minimum initial deposit for clients of 33option is $250, which is standard for the binary options market.

 

Min/Max bet size

The minimum amount a trader can invest in a single option with 33option is $25 which is on the upper end of average. Other brokerages require smaller minimum bet sizes. For example, with Grand Capital one is able place a trade with just $1.

 

Payout amount

The highest payout provided by this broker is 85%, which is quite good pricing. By comparison, payout percentage offered by Grand Capital reaches 86%. 

 

What is more, 33option will refund a percentage of the invested amount even if the option expires ‘out of the money‘.  Options expiring “out of the money” will typically offer a refund of 0%-15% of the investment e.g. on an investment of 100$ the refund will be $0-15$.

 

Trading Platform

 

As we have mentioned above, 33option uses TechFinancials, a platform developed by its sister company. This trading software is one of the leading binary options platforms available, which is entirely web-based.

 

 

Apart from the High/Low, One Touch, Boundary, and 60 Seconds options, which are more or less typical, 33option’s platform also features Early Closure – a great risk management tool. The broker’s clients are able to cancel executed binary option trades during a three second window that follows trade execution. Of course, some conditions apply, such as for maximum amount of cancelation attempts is limited to 3 per day for positions with trade duration of one hour or longer.

 

Furthermore, 33option deliver signals via Email messaging right to clients’ emails. Although the broker expresses that option as a plus, the fact is, many binary options brokers offer signals trading is incorporated in the trading platform, which is more useful.

 

Bonuses

Unlike most binary brokers, 33option does not offer trading bonuses. In our opinion, this is hardly a disadvantage, as most brokers have set up high trading volume requirements as a condition to withdraw the profits from the bonus funds, with multiplies the risks of binaries trading. That is why CySEC advised brokers to avoid the practice of offering bonuses in December 2016.

 

Methods of Payment

 

There are a number of payment methods available to 33option’ clients: Credit/Debit cards, Bank Wire, Skrill, Neteller, Giropay, AstroPay, WebMoney, Qiwi, cashU, Sofort & Ideal.

 

All clients of 33option have one fee free withdrawal every 31 days. Additional withdrawals are liable to a withdrawal fee of 30 USD, EUR, GBP or local equivalent depending on the trading currency. Otherwise, withdrawal requests are normally processed on the same day as the request or the next business day if the request is made outside normal business hours.

 

Conclusion

 

33option is a CySEC-regulated binary options broker, offering competitive trading conditions on the TechFinancials platform, provided by its sister company. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

 

Pros  Cons
Regulated broker No choice of trading accounts, no demo
Payout up to 85% No copy trading options
Wide range of tradable assets No bonusеs
TradeFinancials platform available, developed by sister company  

 

Forex
Latest news about 33option
Forex
Broker Country Regulation Min deposit Max payout Review
Seychelles FinaCom $10 86% Review Website
Australia ASIC $50 88% Review Website
Cyprus CySec $200 89% Review Website

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for 33option

Forex
de | cn | ru