Effect Option review “the perfect trading platform”
Effect Option is a new Russian broker, whose graphics are very reminiscent of IQ Option.
The deposit and minimum trade conditions are also similar to the famous broker. Here’s what the operating chart looks like:
One of the most important aspects concerns the accuracy of the graphs. Here is a comparison with Alpari’s metatrader, which allows us a first evaluation:
Effect Option is a new Russian broker that accepts European traders
- Minimum Deposit $ 10
- Minimum Trade $ 1
- Maximum Payout 90%
- English language selectable
Effect Option trading Guide
This instruction is provided for basic acquaintance with the effectoption and in general with the world of binary options.
Effectoption is one of the best binary options brokers for beginners. The available conditions for the launch, high-quality technical support, which answers questions even on weekends, is a convenient, simple and easy trading platform.
Next, we will describe how to bet on the platform in 3 steps.
Opening an account
First you need to open a trading account. Go to the registration page. After the transition you will need to go through a simple registration. You can log in through one of the available social networks or enter your email, password and select the account currency. After that, immediately go to the trading platform of the company.
After registering in your account, fill in detailed information about yourself to protect your account.
The first step is completed, go to the second.
Before you make a bet, you need to make a deposit. To start trading, it is enough to invest $1 dollar, depending on the chosen account currency. But note that the lower the size of the investment, the higher the risks. In addition, depending on the size of the deposit, you will be assigned a certain type of account:
- Standard – from 10 dollars;
- Premium – from 100 dollars;
- Gold – from 100 dollars;
- Platinum – from 1000 dollars
The higher the type of account, the more privileges the trader gets.
To replenish the balance, you can use the following payment systems:
- Bank card;
- YandexMoney, Qiwi and other e-wallets;
- cryptocurrency wallets;
- online banking;
- replenishment through mobile operators.
Now you are ready to make the first bet on the broker platform. Open the chart. In the right side of the screen you will find the dashboard.
To buy an option, you need to click on the green or red button. The first one is used in case you think that the asset price at the time of expiration will be higher than the strike price. The second click, if we predict a drop in asset prices.
Just before this, do not forget to select the desired asset, set the timeframe and the size of the investment.
The broker states that “the terms of the trades are the same as the real account”:
A simple registration is required to access the free demo:
What the Effect Option demo platform with M1 candles looks like.
Different options are possible, starting from one minute up to a maximum of 3 hours.
15 seconds, 30 seconds, 1 minute, 2 minutes candles only. Evidently the broker prefers short-term trades, perhaps because they are more unpredictable.
There is not much choice at the moment, but being a new broker it could change in the near future, as has already happened in other cases.
You can use a metatrader graphic platform as a reference, for longer time frames.
Trading Signals The
The platform contains indications on possible market directions, based on different deadlines. In any case, it is better to be cautious in using this function that the broker provides.
There are different types of coupons, starting from 25%. It is possible to renounce the voucher by unchecking the “get a bonus” box
Support and assistance
Instant chat is available through the Skype address “ live: support-effectoption “.
There is also a contact email: support @ effectoption
Risk warning: "Binary options are not promoted or sold to retail EEA traders" If the broker is not authorized in your area, e.g. IQ Option, OlympTrade (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):
If you sign up with one of our brokers above you will have access to a number of free trading systems, as well as access to the VIP Signals Room.
(Signing up as our affiliate, you will receive exclusive free strategies+indicators and access to the Signal Room. Delete the cookies before visiting the broker)
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