Founded in 2013, OptioNow is a user friendly site that provides a positive trading experience for newbies, experienced traders, and everyone in between. There are varying client reviews online, but the majority of them praise the site for its easy accessibility, attentive account managers, and quick withdrawal procedures. OptioNow offers a plethora of useful tools that enhance the overall quality of the site and accuracy of trading.
Trading Options and Platform Features
OptioNow provides traders with a straightforward platform that is quite simple to navigate. The trading platform is operated by SpotOption, which is considered to be one of the top providers in the industry. At any given time there are dozens of assets to choose from with payout percentages ranging from 60-77%. Some binary options companies offer higher percentages of up to 85%, but on the plus side, OptioNow’s minimum of 60% is decent compared to the lower rate of 50% at other competing binary firms. An additional bonus is OptioNow’s hefty supply of training videos that are easy to understand and extremely helpful for beginner traders.
The minimum deposit at OptioNow is the industry average of 250 USD/EUR. Accounts can be funded manually online or over the phone with a helpful account manager who may encourage you to deposit more, but will not lay it on too thick. The company accepts MasterCard, Visa, Maestro, and the lesser known Cartebleue. Withdrawal requests can also be placed easily through the site, but keep in mind: each withdrawal is charged a $35 transaction fee, and you must wait about a week to see your funds.
Bonus and Promotions
Bonus sizes vary case-by-case. However, the required volume that must be achieved in order to withdraw after receiving a bonus is the bonus amount x 50. The site’s Terms & Conditions clarifies the bonus stipulations with the following example:
If a client deposits $1000 and receives a $300 bonus, he/she must first trade a total of $300 x 50 ($15,000) to become eligible for withdrawal.
50x may seem like a fairly large turnover requirement, but it’s not so bad considering that it does not factor the deposit amount into the equation. Other companies offer a lower turnover, but they add in the deposit amount, meaning the client needs to achieve a volume of the deposit + bonus x 30 (for example), which equals a much higher amount.
OptioNow’s Customer Support is available 24/5. They are reachable via phone and email. They have a quick response time and are polite, professional, and most importantly helpful. The only drawback is the lack of a live chat option. Most binary sites have this client-pleasing feature.
OptioNow is an above average binary options site. It is a good option for all types of traders, but it’s especially suited for beginners who will appreciate its many degrees of guidance.
Pros: Manageable bonus options, large supply of training materials
Cons: No live chat option
Support Options: Phone & email
Languages: English, Arabic, Russian