This broker is closed.
EmpireOption is one of the binary brokers with years of experience in the binary options industry. We decided to review this broker and offer their trading platform to our readers in South Africa.
EmpireOption is operated by Lubona Enterprises Ltd and present on binary options market since 2011. They try to deliver excellent trading instruments and features to South African traders in order to achieve profits while trading.
For more information regarding the trading platform and its characteristics, we recommend reading further our EmpireOption review.
As Empire Option review shows, this binary broker works on SpotOption software. Interface looks very modern and user-friendly to all traders who join the platform. Unlike other platforms available, EmpireOption offers a different angle of trading platform, with features and services grouped in several segments, such as Tools (for trade options and services), Social Trading (features), Training (all education materials), Accounts and Contact tab.
Our Empire Option review revealed that South African traders can benefits from choosing this broker, thanks to numerous features, such as lowest deposit, investment and available currencies.
Minimum deposit to start trading with EmpireOption is $200, which is lower than average in binary options industry. Therefore, this amount can be very attractive to traders from South Africa.
Lowest investment is $25 and highest is set to $1000. South Africans traders can reach up to 85% return with EmpireOption, while bonus can go up to unlimited. Available currencies are: USD, EUR and GBP.
EmpireOption Demo Account South Africa
South Africans have opportunity to trade with following trade options: Short Term (30, 60 and 120 Seconds), Long Term, Pairs and One Touch. Available expiry time include a wide range of different times, such as trading within 30 s, 60 s, 2 min, 30 min, 1 hr, 10 hr, 24 hr, end of day, end of week and 30 days. EmpireOption Demo Account does not exist but there are other account types that are available for South African traders
Tip: Consider IQ Option South Africa instead – the best regulated broker for South African traders with a minimum deposit of only $10!
During EmpireOption review, we discovered that this broker offer mobile trading to South African traders. EmpireOption mobile app can be downloaded from oboth Google Play and App Store and is connected with all Android and Android devices.
With mobile app, traders can get access to trading platform from anywhere and also place trades on smartphones and tablets, as well. This is a whole new segment of trading binary options and EmpireOption is continuously working on providing top notch services to traders, located in South Africa.
With EmpireOption traders can choose between variety of assets. Traders can trade with following assets: commodities, stocks, currencies and indices. Between this wide range, trader can choose the preferred asset and trade with it on binary options market.
EmpireOption provides traders possibility to choose among a wide range of underlying assets, including stocks, commodities, currencies and indices. As mentioned above in Empire Option review, this broker offers bonuses to traders, if they decide to accept them. To withdraw bonus, required bonus turnover is 30x.
EmpireOption Trading Accounts South Africa
With this brokerage company, South African traders can invest in 5 account types, as we discovered during Empire Option review.
EmpireOption Micro Account
- Minimum deposit $200 +
- Weekly financial reports
- Seminars and tradebooks
- Minimum withdrawal $200
- Withdrawal time – 10 working days
EmpireOption Classic Account
- Minimum deposit $500 +
- Daily financial reports
- Seminars and tradebooks – intermediate level
- Minimum withdrawal $100
- Withdrawal time – 7 working days
- Personal account manager
- EmpireTV + economic calendar
- Investment strategy – unit 1
- Promotions
EmpireOption Plus Account
- Minimum deposit $1000 +
- Daily financial reports
- Seminars and tradebooks – intermediate level
- Minimum withdrawal $100
- Withdrawal time – 5 working days
- Personal account manager
- Trading signals
- Market simulator
- EmpireTV + economic calendar
- Investment strategy – unit 1
- Promotions
EmpireOption Preferential Account
- Minimum deposit $5000 +
- Daily financial reports
- Seminars and tradebooks – advanced level
- Minimum withdrawal $1
- Withdrawal time – 3 working days
- Personal account manager
- Trading signals
- Market simulator
- EmpireTV + economic calendar
- Investment strategy – unit 1+2+3
- Promotions
EmpireOption VIP Account
- Minimum deposit $30000 +
- Daily financial reports
- Seminars and tradebooks – advanced level
- Minimum withdrawal $1
- Withdrawal time – 1 working day
- Personal account manager
- Trading signals
- Market simulator
- EmpireTV + economic calendar
- Investment strategy – unit 1+2+3
- Promotions
EmpireOption Scam South Africa
While we were in process of making Empire Option review, we learnt that South Africans can contact this broker via phone (available on English), live chat, email [email protected] and web form.
However, our EmpireOption showed there is no FAQ section where traders could easily get information they need. FAQs can be very useful, especially if you are new to binary options. Sometimes traders don’t to bother with emails or live chat and just want to get instant info on trading platform.
To ensure safe trading and withdrawal process, on the bottom of trading platform, South Africans can find Terms & Conditions, where can check in details all relevant segments of trading with EmpireOption.
Empire Option review shows that they accept payment through several options, including credit cards, bank wire and alternative payment methods. Available deposit and withdrawal methods are: Mastercard, Visa, Skrill Moneybookers, Neteller, Santander, CX, BBVA, inPay, and Sabadell.
As previously mentioned in our Empire Option review, minimum deposit is $200 or same amount in GBP and EUR. This broker offers 5 trading account, each with specific characteristics and features, which also include withdrawal time and minimum amount to withdraw.
If traders in South Africa want to withdraw their funds, they have to click on Cash Out button in My Account. Then exact amount of money to withdraw is needed, combined with selected currency. Depending on the chosen account type, withdrawal time and amount are different.
For Micro account, minimum deposit is $200 and min.withdrawal $200. Usual processing time for withdrawals is up to 10 working days and withdrawal fee is $30. Intermediate accounts, Classic and Empire have deposit amounts of $500 and $1000, while minimum withdrawal is set to $100. However, withdrawal time differs; for Classic is up to 7 business days, while in Empire account is 5 days, while fee is charged $25 for both account types.
In Preferential account, lowest deposit is $5000 and withdrawals can be executed within 3 business days. Withdrawal fee is charged $10. EmpireOption most powerful account is VIP, where minimum deposit is $30000 with withdrawal deadline of 1 working day and no fee is charged.
It is important to mention that first withdrawal per month for all account types is free of charge, as seen in our Empire Option review.
There were several reports of the EmpireOption scam and therefore we can’t recommend trading with this broker.
