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Magnum Options
Min. Deposit: $200
Min. Investment: $5
Max Returns: 81%
Rating: Rated with 4.5 stars
Regulated Broker: Not available
Signals: No
  1. Magnum Options

    This broker is closed for South Africa. Try Banc de Binary broker instead.

    Magnum Options General Info

    Magnum Options is one of the best and reliable brokers in binary industry with HQ in Gibraltar. Established back in 2010 and with remake in 2013, this broker offers trading a lot of trading instruments and features for them to have a successful binary options experience.

    Magnum Options is operated by Redtulips Consultants Ltd. Further about Magnum Options and available service you can read below in our Magnum Options review.

    Magnum Options Trading Platform

    While reviewing this broker, we found out in Magnum Options review that they use SpotOption as its chosen software. This is well known and popular software, used in binary options industry. With this software, Magnum Options provides its traders in South Africa a excellent trading environment with simplicity in using the platform because of high technology use.

    To begin trading with Magnum Options, minimum deposit is $200 while maximum amount is $20000 if traders use credit card and unlimited for those who invest via bank wire.

    Highest bonus amount can reach $10000 and maximum possible return with this broker is 81%. Traders are free to make payment with EUR, USD, GBP, AUD and CAD. The chosen currency when depositing has to remain the same as in the withdrawal process. Minimum and maximum investments are set to $5 and $10000.

    For more trading features and account types, check below in Magnum Options review.

    Magnum Options Trading Features

    Traders in South Africa and worldwide can place trades with many different underlying assets, including stocks, currencies, commodities and indices. Together, there are more than 100 of assets, available for traders to use them.

    Magnum Options offers traders a wide range of trade options, such as 60 Seconds, High/Low, One Touch, Pair Options, Long Term and Ladder Options. Traders can however, choose different expiry time when trading binary options, which include following: 15 seconds, 30 seconds, 60 seconds, 2 minutes, 5 minutes, 1 hr and 24 hr. Such a variety of trade options are always welcome and we have a pleasure to offer them in our Magnum Options review.

    60 Second option is very popular trade variant in binary options industry, due to its possibility to place trades on smaller amounts but with the super fast expiry, such as 60 seconds. One Touch options enables traders to maximize profit by following settings; trade is successful when price of an asset reaches the target price.

    Ladder options are options that allow traders to make trades several time in a row, while value of an asset rises. It’s called Ladder because it is very much looks like ladder climbing. Returns are astonishing and can be higher than 1000%.

    Traders in South Africa have on disposal when trading binary options a wide selection of trading tools and service. Some of them we explained and others are very useful features, such as Rollover and Double Up strategies. Rollover allows traders worldwide to postpone expiration time of an asset if they believe their predictions are not going to be on target. This can be done at least 10 minutes before an asset expires.

    The second strategy, a Double Up is used to multiply a trade. If traders are convinced they are on good track, they can activate Double Up button and make a new trade, but under same conditions as with the previous trade.

    Also, a very popular service, provided by Magnum Options is mobile trading. With Magnum Options mobile app, traders can trade binary options when they are on the go. This app is compatible with both Android and Apple systems and traders should have no difficulties in its use. Magnum Options trading platform is available only on English.

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    Magnum Options Trading Accounts

    We were pleasantly surprised when we saw in Magnum Options review how this broker offers traders in South Africa 5 account types with different features and services. These accounts are: Mini, Starter, Silver, Gold and Platinum account.

    Mini Account ($500)

    • 25% bonus
    • starter webinars and educational trading videos
    • ebook

    Starter Account ($1000)

    • 30% bonus
    • starter webinars and educational trading videos
    • ebook
    • market expert call
    • received market reviews through email

    Silver Account ($5000)

    • 50% bonus
    • 1 risk free trade
    • starter webinars and educational trading videos
    • ebook
    • market expert call
    • received market reviews through email
    • Account manager
    • 1 academy session

    Gold Account ($10000)

    • 75% bonus
    • 3 risk free trades
    • 1 guaranteed profit trade
    • starter webinars and educational trading videos
    • ebook
    • market expert call
    • received market reviews through email
    • Account manager
    • 2 academy sessions
    • signal webinars

    Platinum Account ($25000)

    • 100% bonus
    • 5 risk free trades
    • 3 guaranteed profit trades
    • starter webinars and educational trading videos
    • ebook
    • market expert call
    • received market reviews through email
    • Account manager
    • 5 academy sessions
    • signal webinars
    • personal contact with broker
    • signals received by email on weekly basis
    • withdrawal approval on the same day

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    Magnum Options Customer Support

    Traders can enjoy in availability of Magnum Options customer service 24/7. They provide following communication ways, through email support@magnumoptions.com, live chat, web form and telephone. 

    Magnum Options under section Academy offers traders exquisite sources of trading courses for beginners and advanced traders, a variety of guide articles, webinars and different tutorials. All these materials can be used when trading binary options and can serve as great help to achieve high payouts in the trading process. Also, traders can use FAQ to find answers on different topics in each step of trading process.

    Magnum Options Banking Info

    To protect personal and financial data of their traders, Magnum Options uses SSL security system that encrypts data. It is the best way to protect data and valuable information for each trader in binary options trading. Security is always very important, especially in deposit and withdrawal process. For more about deposit/withdrawal process, read below in Magnum Options review.

    Magnum Options accepts deposit methods done via debit and credit cards (Visa, Visa Electron and Mastercard), bank wire transfer and e-wallet Neteller.

    Minimum withdrawal is $100.

    To withdraw funds, traders first have to submit a withdrawal request and it takes Magnum Options 3 days to process it and extra 5-7 business days for money to be available for withdrawal. To do any payment options, traders have to submit this broker few necessary documents, such as copy of photo ID, proof of address and credit card copy if one is used in the trading process.

    They have to be sent on accounting@magnumoptions.com. First withdrawal per month is free, while additional one in the same month will be charged $30.