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Power Option Review
Power Option is a new binary options brand name of Ava Trade Ltd, authorized and regulated by the Financial Services Commission under the Securities and Investment Business Act, 2010 in the British Virgin Islands.
PowerOption was founded in 2013 in the Seychelles by real professionals in trading, finance and online security in order to bring the smartest technology and highest integrity to binary options trading.
There’s no additional download on Power Option trading platform, it is user-friendly and easy to understand, so each customer can access the trading terminal from any browser whether he is using his computer, tablet or smartphone.
Trading with Power Option customers do not need to worry about the safety of their funds or withdrawing their profits speedily and easily. Company adheres to the strictest standards when it comes to handling money and uses the most sophisticated security provisions to protect the integrity of traders` trading experience at all times.
|Welcome Bonus||Up to 100% bonus|
|Return Rates||Up to 100%|
|Trade Range||$10 up to $200|
|Types of Currencies used for Transactions||US Dollar, Euro|
|Option Types||Call/Put, One Touch, 60 Seconds, Boundary|
|Safety Net||Up to 10% refund for loses on a trade|
|Assets||Stocks, Commodities, Forex / Currency Pairs, Indices|
|Commodities||Oil (Brent Crude), Gold, Silver, Coffee, Corn|
|Forex||AUD/JPY, GBP/JPY, AUD/USD, EUR/AUD, EUR/GBP, USD/JPY, USD/ZAR, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, EUR/JPY, USD/CAD, USD/CHF|
|Indices||AEX, NASDAQ, CAC40, DJIA, DAX, Kuwait-Index, NIKKEI, S&P 500|
|Stocks||Amazon, Coca Cola, Apple, Carrefour, Facebook, Barclays, BP, Carrefour, Google, Deutsche Bank, HSBC, Vodafone, Volkswagen|
|Methods of Bank Transactions||WebMoney, MasterCard, Visa, Visa Electron, PayPal, Ukash, CashU, wire transfers|
|Trading Platform||PowerOption trading platform does not require any downloading.|
|Supported Countries||RU, AR, EN, PT, CH|
Binary Options Trading with Power Option
Power Option offers its customers 4 types of assets with a great number of currencies, commodities, stocks and indices with high payouts of the amount up to 81% in the successful trades. The whole assets list and detailed information about each of them you will find in Instruments Index in section Resource Centre.
Company gives their traders an opportunity to trade 4 types of options including standard options Call/Put or High/Low, One Touch, 60 Seconds and Range options.
Power Option Trading Instruments
High/Low is the simplest type of options to profit in financial trading. Here the user selects an asset, defines a trading period and decides whether the asset will rise or fall in value from its starting price by the end of expiration. If he/she thinks the value of the asset will rise, investor clicks Call, otherwise he/she simply selects Put. Whichever way trader thinks the price will go, the potential profit and risk are always known before the trade is confirmed.
With Power Options One Touch options is a way to get extremely high profit. We need to note that this type of options may prove to be more challenging than the standard binary options. With One Touch, investors are required to reach the specific strike-price that was designated for the particular asset. In comparison to traditional binary options, the direction and target price are already selected prior to investing. Thus, they require a decision whether the prediction that the site displays will occur or not within a time frame.
Power Option Range options present the trader with two predefined price ranges – prices above and below the asset current price. Trader has to choose one of the two ranges and make an investment. Trade is successful if the price lies within the selected range at the end of expiration.
60 Second options are very quick, they're easy too. Like in standard options High/Low investors select Call or Put but the expiry time here is only 60 seconds.
To open a trading account, simply fill out the online application form. The registration takes just several minutes. Pay attention that company has very strict rules concerning the security of the investments and all the financial information about the client, so they do not have to worry about safety of their data.
While opening an account with PowerOption, it is possible to choose between USD and EUR as the base currency of trading account. But after making such a choice traders are not allowed to change it.
The broker offers a variety of options for funding the trading account: credit and debit cards, wire transfer and various forms of e-payment. The minimum amount for the first deposit is $100 or 100€.
In order to make a withdrawal traders needs to fill out a withdrawal form in the My Account section. Due to anti-money laundering regulations broker requires to return funds to the same source from which they were deposited. As a rule it takes 5 business days for a withdrawal to be processed and sent to a customer’s account.
As many brokers Power Options also offer different bonuses for traders. For example, there is maximum welcome bonus for the new customers can be as high as $10,000.
Company sets the certain terms and conditions regarding bonuses. For instance, so called welcome bonuses apply to new clients who deposited a minimum of $100.
In order to receive the bonus, trader must execute trading volume of 30 times the bonus balance. For example: if you receive a $500 bonus, the trading volume required for the bonus to be released is $15,000 bonus volume.
Power Option site is available in English, Chinese, Arabic, Russian, Italian, French, German and Portuguese languages. The custom service team is always ready to help via email or one of the phones. The broker also provides plenty of educational materials and 24 hour live support to help each customer to become a confident and knowledgeable trader in no time.
The Daily Market Analysis will provide in depth coverage of the latest economic events around the world and the financial instruments that are on the move each day. Besides E-Book, economic calendar, Video education centre, technical analysis and mobile applications are available.