Is Grand Option Scam?

Grand Option SCAM REVIEW

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Summary

Grand Option is a new 24option-established platform for professional binary options trading

Read 100% Free Grand Option Review by Binaryoptionsrobotreviewed Team

Details

Broker Grand Option
Website URL www.GrandOption.com
Free Demo Account Open Demo
Overall Score 9.1/10

FULL REVIEW OF Grand Option

GrandOption is a new platform established by 24option broker, to meet the requirements of the members who want to make a minimum deposit, but still get all the features of the professional trading platforms. It also offers some great starting packages as well.

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Where Does Grand Option Run From?

GrandOption platform is run by Rodeler Ltd. which is a firm present on the market for a long time. GrandOption is a new platform offered by the same broker that efficiently runs the 24option platform for many years.

The platform is designed for beginners or small traders who want to start trading with low initial deposit. GrandOption is a fully regulated broker that operates under CySec license no. 207/13 and is also registered with CONSOB, AMF and Bafin Licenses.

Which Traders Are Allowed To Trade With Grand Option?

Due to the fact that they are regulated, traders based from the US. will not be able to trade within their platform.

However, all other traders worldwide are welcomed.

Grand Option Minimum Trade: $25

Grand Option Minimum Deposit: $100

Layout of Grand Option Platform

The layout of the platform is very straightforward, with the available options posted to the far left, available binary options trades in the center-right, and the individual trade windows on the far right side. Their TechFinancials binary platform has been a huge hit with traders, as it offers a plethora of profit opportunities and excellent return rates. The offered return rates and current asset class prices are easily viewed, as are each of the available expiry times. The price chart shows past movement and current movement for the previous two weeks. Open trades and optional features can be seen just below the platform.

What We Liked Most About Grand Option

The possibilities offered by Grand Option are all very professional and practical and there is no unnecessary ‘make-up’. Everything is clean and transparent and with responsive and practical charts the trading on Grand Option is a pleasure.

Review Verdict: Grand Option Software is NOT a Scam

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What Are The Cons of Grand Option Trading Interface?

The expiry times are posted as exact times (ex. 13:05) instead of being listed as the full period (ex. 60-seconds). This could cause a bit of confusion for traders who use expiry-based strategies or binary options trading signals.

What Are The Account Types In Grand Option?

GrandOption offers stocks (29), currencies (25), indices (16), and commodities (8). This is a well-rounded assortment that should please all members, regardless of any specific asset preferences. GrandOption provides Short-term and High/Low trade types. High/Low are basic binary trades. Short Term trades are the same, but these options include expiry durations that range from 30 seconds to 5 minutes.

Cons of Grand Option Trading

With only the basic trade type being offered, not all traders is going to be pleased. With that said, the standard trade is the most popular, especially amongst newer traders. Since shorter expiry times are provided, there is some additional variety.

Benefits of Grand Option Trading Tools

Stop Loss/Take Profit options is provided. This tool makes it possible for members to sell their open trades.

Whenever an open trade is sold as a way to cut down on a loss it is being used as a Stop Loss. Whenever an open trade is sold for profit it is being utilised to Take Profit prior to the conclusion of the expiry time. This way you can handle your RISK/PROFIT ratio more efficiently. Economic calendar & market indicators are also provided.

Cons of Grand Option Trading Tools

GrandOption does not provide trade replication or trade extension tools.

 

Review Verdict: Grand Option is NOT a Scam

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Benefits of Grand Option Returns

Return rates range from 75% to 310%. Both standard and high yield binary options are offered, allowing traders to better control their prospective earnings.

Cons of Grand Option Returns

GrandOption does not provide refund rates on losing trades.

Does Grand Option Provide Educational Materials?

GrandOption is one of the platforms that offers a lot of trading information and very good support for beginners. Members can find all they need to know in the trading guide section. Grand Option offers a number of education and trading tools such as videos, webinars, an interactive binary options eBook, and instructions for how to trade with each asset class

Overview of Grand Option Account Types

GrandOption offers traders Standard, Superior, and VIP accounts. Banking methods include many MoneyBookers, different credit cards, bank wire transfer. There is no minimum withdrawal requirement when MoneyBookers & credit cards are used to withdraw funds. There is a $100 minimum deposit amount with bank wire transfers. Withdrawal fees apply. This amount is based on the account type.

Only with the VIP account are all withdrawals free. Standard account holders get 1 free, but will need to pay fees after that. Superior account holders receive 1 free withdrawal per month.

This broker does not provide demo accounts at this time. Although they do offer plenty of resources that will teach members how to use their platform, some will be disappointed about the lack of access to a demo account.

Conclusion about Grand Option

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GrandOption is the best choice for beginner traders and for all who want to start trading on a safe and secure platform with the minimum deposit amount of $100 – and still get all the professional trading features and flexible expiry times. The fact that the platform is fully regulated and operated by one of the most reputable brokers makes Grand Option one of the few brokers that definitely can be listed in the category of the best brokers for binary options trading.

Grand Option is in our book, a highly rated Binary Options Broker, that provides full-service, CySec regulated brokering services, offering traders a solid platform that we can highly recommend.

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