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33option Review - is it scam or safe?

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

RATING: 1.5 / 1 REVIEWS ForexBrokerz 33option
33option is not regulated. We cannot guarantee your money is safe.


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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





  B.O. Tradefinancials Ltd


CySEC (withdrawn)


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), which was licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), however its CIF license was withdrawn in July, 2018. 


Before that, 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. The company also operates the OptionFair binsry broker brand.



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.



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.




33option is a binary options broker, offering competitive trading conditions on the TechFinancials platform, provided by its sister company. UNfortunately, it no longer holds a license by CySEC. To sum up the above, here are the advantages and drawbacks in relation to this broker:



Pros  Cons
Listed on the LSE, a well-known fintech provider No longer regulated by CySEC
Payout up to 85% No copy trading options
Wide range of tradable assets No bonusеs
TradeFinancials platform available, developed by sister company No choice of trading accounts, no demo


Latest news about 33option
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