America’s Choice
The broker is clearly targeting the U.S. market as we discovered that Global Option receives a whopping 70% of its traffic from the US and is indeed one of the few brokers out there that accept American clients. Global Option is run by WGM Services Ltd sand founded in 2010. Global Option uses the web-based EzTrader platform so the client does not need to download heavy software.
First Impressions
GlobalOption is a relative novice in the online binary options trading market and the borker is based in Cyprus and owned by the same company that operates EZTrader. WGMI is traded on the Over-The-Counter Bulletin Board (OTCBB). The fact that GlobalOption is listed on the OTCBB means that the must report all obligatory SEC filings without having to meet the minimum market capitalization condition.
Trading Platform
Unsurprisingly, Global Option’s trading platform is very similar to EXTrader’s and this can be considered as a positive aspect since the platform is very easy to use and extremely user-friendly. Traders who are familiar with the EZTrader platform will certainly find themselves at home with GlobalOption’s trading platform. Obviously there are some differences between the platforms, but these differences are quite cosmetic in nature.
Customer Service
Global Option can be contacted via phone, fax, email and live chat. Their customer support team is extremely helpful and professional and consists of trained professionals who will assist the trader with all the questions that might arise. Global Option has six different international phone numbers.
Deposits
With uBinary traers can deposit with PayPal, Visa, MasterCard, Diners Club, Neteller, WebMoney, Western Union and many others. Deposits are visible on the trading account within a few seconds after the deposit and the trading can begin right away. Moreover, uBinary seems to take withdrawals very seriously and requests are processed quickly and meticulously and they are usually completed within a very short period of time. The minimum amount needed to place a trade is only $10.
Other Features
The website has plenty of excellent features such as the Demo Account to familiarize yourself with the ins and outs of binary options, the ‘How to Trade Binary Options’ introduction to trading, a financial calendar containing all of the relevant economic events. The Glossary which is located on the website is stylish and well-detailed. Otpion Trading tab will lead the site visitor to a variety of different pages such as American Binary Options, Binary Call Option, Binary Put Options, Binary Option Payoff, Binary Call Option Strategy and Binary Put Option Strategy.
Final Thoughts
Global Option strikes us as a very professional binary options broker as opposed to many brokers out there that are simply trying to make a quick buck without truly focusing on running their operations meticulously and with ethical considerations. This is excellent news for traders in the binary options market. There are very few suggestions for improvement whether the borker’s trading platform, website or customer service.
