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TopOption Review South Africa

  1. TopOption is one of the first brokers present in binary options industry. Launched in 2008, TopOption has build up a name for itself to be a trustworthy and regulated binary options broker.

    Owned by Leadtrade Ltd., for years now, this broker offers a wide range of trading tools and features for traders worldwide to have a successful trading experience while trading binary options.

    Traders from South Africa are accepted by this broker and can join TopOption trading platform.

    TopOption Trading Platform

    In TopOption review, we will show our readers a different trading services and features that are available for South African traders.  SpotOption is preferred trading software by TopOption, just like with many other brokers in the binary industry. Software is very easy to use and is design for all levels of traders to use it when trading binary options.

    To start trading binary options with TopOption, minimum required deposit amount is $100, which is among the lowest in binary options industry.

    Traders in South Africa are free to use several available currencies, such as EUR, USD, GBP, CAD and PLN. Maximum return in trading with this broker is 85% and maximum bonus $5000. With minimum investment of $5 and maximum of $4000, it is clear why this broker has traders around the world.

    TopOption Trading Features

    South African traders can choose between several trade options on TopOption trading platform, : High/Low, Touch/No Touch, One Touch, Speed-Master and Pro-Option. Available expiration times for trading binary options with TopOption are: 60 seconds, 15 minutes, 30 minutes, 1 hr, 24hr + and end of day.

    TopOption provides traders across the globe with excellent selection of different underlying assets, more than 180 of them, which include stocks, commodities, currencies and indices.

    There are several trading features, popular on TopOption platform.

    Mobile trading is the most used one and it is fully compatible with both Apple and Android devices. This trading tool is great for traders who are always on the go and this way, they can continue to trade binary options same as they usually do it on computer. Mobile platform is available on smartphones and tablets and provide an excellent and easy interface for their numerous traders.

    Rollover – novelty in binary industry where traders can actually delay asset expiry time to save some extra time and increase chances of winning.

    Double Up – as the word says itself, this feature is very popular and often used by many traders because they can double up their trade if they believe prediction of price movement is correct. With Double Up it is possible to maximise profit in investment, which is being made.

    Buy Me Out – another great feature that is available one hour before expiry time and it enables traders to reduce the risk level. 

    TopOption Mobile App

    TopOption was among the first brokers in industry who has implemented mobile app on trading platform. Their goal is to offer traders an excellent mobile trading experience. Top Option app is fully compatible with Apple and it can be downloaded from AppStore. Also, traders who use Android devices can also get TopOption app from Google Play.

    TopOption app can be used for binary options trading on tablets and smartphones. This mobile app contains all benefits of Mac’s and PC’s where traders can select preferred trade options and assets to trade with. With TopOption app, traders can experience a whole new way of trading binary options where mobile trading becomes not just fun, but much more accessible to invest in this online trading and earn money.

    TopOption Demo Account

    TopOption has three different trading account for traders in South Africa and in other countries worldwide. Depending on minimum deposit and available trading features, traders can choose among those three account to decide in which one they want to invest their money.

    TopOption Starter Account

    • minimum deposit $100
    • welcome bonus up to $250
    • no fees
    • account manager on disposal
    • starter guide ebook + e-video library
    • risk management tools
    • introduction 1-on-1 training
    • market updates and alerts
    • investor compensation fund

    TopOption Pro Account

    • minimum deposit $1000
    • welcome bonus up to $500
    • no fees + professional account manager on disposal
    • starter + advanced guide ebook
    • risk management tools
    • 3 hours 1-on-1 training
    • e-video library
    • market updates and alerts
    • investor compensation fund

    TopOption VIP Account

    • minimum deposit $5000
    • welcome bonus up to $2500
    • no fees + specialist account manager on disposal
    • starter + advanced guide ebook
    • risk management tools
    • unlimited 1-on-1 training
    • e-video library + market updates and alerts
    • investor compensation fund
    • off trading hours assistance
    • SMS trading signals

    TopOption broker no longer offers demo account.

    As a regulated broker, TopOption offers their registered traders a versatile binary options trading where they don’t have to worry about security issues while depositing or withdrawing funds. TopOption brokerage provides traders with a wide selection of trading features that might be of great assistance to traders who want to achieve success when trading with numerous different assets. One of these services is opportunity to use demo account.

    Why is TopOption Demo Widespread Among South African Traders?

    TopOption demo is considered to be very useful to all traders who invest in binary options with this broker. It is especially used by traders who are new to binary options trading world.

    TopOption offers demo account with amount of $1000. For Starter account, TopOption demo lasts for 3 days. With more than $300On TopOption demo is available for 5 days.

    Inexperienced traders can practice and place trades as they would do it or regular platform with real trading account. Demo version gives them possibility to practice and use different trading instruments to enhance their trading skills and ultimately be better in trading process.

    Goal of TopOption demo is to enable South African traders to gain more confidence when trading binary options at no risk involved since entire trading process is done with virtual money. To start trading on TopOption demo, traders first have to register and login to trading platform. When they contact TopOption account manager, they can ask for trial version and how to begin. Ultimately, with the use of TopOption demo, traders will have better understanding of binary options trading thanks to the use of different analysis and strategies. Combined with a whole set of educational webinars and tutorials, traders in South Africa do have a great opportunity to get the best from binary options when trading with TopOption.

    TopOption Scam South Africa

    We have previously stated how there is high number of different binary brokers available on South African market and therefore it is understandable why regulation has become an important issue in binary options industry.

    A lot of binary brokers are regulated. Although regulatory status doesn’t provide absolute guarantee if particular broker is safe, it does provide certain level of confidence. That is the reason TopOption also obtained a regulatory status from a regulatory agency. TopOption was a top regulated broker and we can confirm that it was not a scam. However, TopOption is now closed and we suggest that you check IQ Option Review South Africa if you are interested in trading.

    TopOption Banking Info

    TopOption holds up to his traders in South Africa and tries to ensure them a safe trading process. During our TopOption review, deposit and withdrawal processes are well explained and we believe traders will have no difficulties.

    Under section Banking, traders can find all they need to know regarding depositing and withdrawing. Available deposit methods are credit cards (Visa, Mastercard, Diners Club and Delta), bank wire and WebMoney as only representative of e-wallets.

    TopOption requires from traders worldwide to confirm their identity.

    For that to happen, they have to submit TopOption with copy of ID card and proof of address. When withdrawing, it is important to emphasize that no fees are charged, which we find as an excellent news! To start with withdrawal process, traders in South Africa have to submit a withdrawal request for consideration.

    Once approved, it usually takes TopOption up to 7 business days for money to be on trader’s account. Overall, we were pleasantly surprised with the quality of this broker and it is no wonder that so many years TopOption is present in binary options industry as a reliable broker who offers top notch trading services.

    TopOption Customer Support Service

    So far, TopOption has one the best customer support services in the industry.

    When we were reviewing TopOption, we found out they offer multiple communication channels for traders worldwide to get in touch with them. Live chat, email address and phone communication are on disposal for traders in South Africa.

    We were astonished when we saw that TopOption offers telephone number for so many countries across the world. For South Africa, traders can dial +27 1 0500 2884. Other available countries are: Austria, France, Cyprus, Belgium, Spain, UK, Italy, Netherlands, Czech Republic, Germany, Finland, Switzerland, Russia, Norway, Poland, Australia, Chile, China, Bahrain, Mexico, Japan and Peru. This complete is exquisite.

    As mentioned above in TopOption review, traders can contact customer support on all steps which are relevant during trading process.

    Agents on live chat are good and they provided us with information within few seconds, when we contacted them. Traders can also get in touch with TopOption via email on [email protected],but also, on their site there are contact emails available for particular departments in the company.

    Also, TopOption has one of the widest selection of languages for trading platform. Besides English, traders can use French, Spanish, Italian, German, Russian, Swedish, Dutch, Romanian, Portuguese, Norwegian, Polish, Japanese, Chinese and Arabic.

    Binary Option South Africa
    Conclusion: We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10! Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk

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