Goptions General Information
Headquarters: Lyuben Karavelov floor 2 flat 5 Plovdiv, 4002 Bulgaria.
USA Traders: Not Allowed
Available Assets: 63
Min. Deposit: $250
Min. Trade Size: $5
Max Trade Size: Not found
Additional Features: Signal Index, Order Option.
Platform Provider: Spotoption
Languages: English, French, Arabic, Spanish
Goptions Broker Review
Goptions public address is Plovdiv, Bulgaria. They are owned by Go Trading Technologies Ltd. located at 3rd Floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Dominica. The trading platform was launched way back in 2012, which is consider quite a lot in the binary options industry.
Interesting fact regarding GOptions is that they were the first binary options broker to offer Forex trading alongside Binary Option trading.
Goptions Trading platform is powered by Spot Option, which is without a doubt, the leading technology for binary options platforms, yet using Spotoption technology has one big disadvantage, lack of uniqueness, as 65% of the binary options brokers are using Spotoption services. So bottom line, there is nothing too special when it comes to Goptions trading platform.
I have noticed that they do not update their Daily Market Analysis frequently, which is very unprofessional and really damage the credibility of the site.
In th binary options industry, it is not easy to find new features as most brokers offer the same gimmicks. Surprisingly, Goptions does offer 2 unique features which we have not seen elsewhere.
Nowadays, it is easy to find auto trading softwares everywhere, but not many know that Goptions were the first to bring the automated trading to the field of Binary Options. Right after funding an account, each trader gets an access to a feature called Signal Index, where there is a list of many different signal providers who are connected to the trading platform of Goptions, so from the moment you choose your desired signal provider, trades will be automatically executed.
Apart from the in-house auto trading service, they also offer a new type of binary option called an “Order”, which is quite cool. With this Option, the trade is being placed only when the underlying assets hits a trader desired price.
Like all brokers, Goptions also offers bonuses to their clients as an incentive to make a deposit. The offered bonus is quite standard and ranges from 25% to 100%. In order to withdrawal the given bonus, a trader will need to commit a minimum of 40 times the bonus. Another 2 important things to mention in regards to the bonuses is that in case the bonus you received exceeds 25% of your initial deposit, you will not be allowed to withdraw any amount until the trading volume of 40 times is reached. Moreover, in case you have less than $100 in your account you will also won’t be able to make a withdrawal as the minimum amount for withdrawal is $100.
Why to open an account with Goptions
They have been in the industry for quite some time so they are definitely not a new broker, they also promise that they have the fastest withdrawal procedure in the industry, but I must admit I have never tested it my self.
Why NOT to open an account with Goptions
So many bad reviews from individual traders is something we simply cannot ignore. Also on other binary options forums we found a lot of traders who are claiming they were scam by this broker and never got their withdrawal to be approved. Regardless, this broker is not a regulated broker and you should know by now what we think about non regulated brokers.
Wall Of Shame
Post a comment if you have had a bad experience with Goptions.