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Magnum Options Review

Magnum Options
Our score: 8.0 User satisfaction: 96%
Our score: 8.0 User satisfaction: 96%
Logo of Magnum Options

Trading Platform Magnum Options

Magnum Options is using the SpotOption trading platform, deemed as one of the most widespread trading platforms out there thanks to its simplicity and flexibility. It is so simple that even inexperienced users won’t find themselves having a hard time navigating and performing trade features and processes present at SpotOption.

Magnum Option’s trading platform has notable features such as “Close Now” or “Extend” giving traders the ability to halt transactions or stretch them as they see fit.

Pros

  • 4 types of trades with large number of underlying assets
  • Choices of different types of trading accounts
  • Good coverage of Market Review
  • High Payout Ratios
  • Numerous bonuses
  • Rebates for Out-of-the-Money trades
  • Secured with SSL Technology
  • User Friendly and Reliable Trading Platform

Cons

  • Based in a relatively unknown regulatory environment

Platform type: SpotOption

Platform Languages: Italian

OS Compatibility: iOS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information Magnum Options

Located in: British Anguilla

Website: http://www.magnumoptions.com/

Founded in: 2013

Accepts US Clients: Yes

Phone number: 1-855-217-4642

Email: support@magnumoptions.com

Account Options Magnum Options

Commission:

Minimum Deposit: $200

Payouts Percentage: 85%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, CashU

Withdrawal Options: Credit Card, Debit Card

Payout Ratios: 75%

Available Assets Magnum Options

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Italian

Customer Service Hours:

Place Trades Over the Phone?: No

Magnum Options Trade types

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro

Magnum Options Trade accounts

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

User Satisfaction

Positive Social Media Mentions 130
Negative Social Media Mentions 5

We realize that when you decide to buy a Binary Options Brokers it’s important not only to learn how experts rank it in their reviews, but also to check if the real people and enterprises that bought these solutions are genuinely happy with the product. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Magnum Options reviews across a vast array of social media sites. The data is then presented in a simple to understand format showing how many people had positive and negative experience with Magnum Options. With that information at your disposal you will be equipped to make an informed buying decision that you won’t regret.

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What Bonus Does Magnum Options Offer?

No Deposit Bonus:
No

Bonus for First Deposit:
No

Is the Bonus Based on
the Volume of the Transaction?:

No

Other Bonuses:
No

No information available.

Reliability of Magnum Options

While Magnum Options started its operations in the second half of 2013, its lack of operational history is offset by its  broker technical competencies, particularly in the aspects of customer support and security. Round the clock availability of its customer support channels and a number of different methods enable Magnum Options to separate itself from the saturated market of binary brokers and make them a viable choice for new traders who are searching to get a thorough understanding of how the platform operates.

Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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