UKOptions is a popular binary options broker established in 2013, owned by Worldwide Tech Ltd., and located in Bucharest, Romania. UKOptions offers well over a hundred tradable assets, ranging from stocks to currencies and commodities to major indices. At this time it does not appear that UKOptions is regulated.
With this said, let's go over some of the pros and cons of trading with UKOptions.
Trading Accounts
UKOptions offers four different trading accounts: Beginner, Experienced, Professional and VIP.
- Beginner – The Beginner account requires a $1,000 initial deposit and comes with a $500 signup bonus, one daily trading signal and even a 1-on-1 training session.
- Experienced – Experienced accounts need a $5,000 deposit and come with bonuses worth up to a whopping $3,000, it also includes two daily trading signals.
- Professional – This account type requires a $10,000 deposit, has a bonus worht up to $7,000 and sends three daily trading signals.
- VIP – VIP accounts are managed accounts that require a minimum deposit of $100,000. This account comes with everything mentioned above, including a $30,000 bonus and a UKOptions reward card.
While their accounts require large minimum deposits compared to other brokers, their large signup bonuses combined with their training sessions and daily trading signals make UKOptions worth considering. They also offer Islamic accounts.
Trading with UKOptions
UKOptions runs on the very popular SpotOption 2.0 web-based platform. Their customized platform is incredibly simple to navigate. No annoying popup features or flashing price tickers get in the way of trading.
Their payouts are about average, ranging from 75% to 86%, depending on the type of trade. Even though they have a diverse set of trading instruments, it is unfortunate that UKOptions has limited time expiries for their High/Low options.
Other than High/Low options, this broker also offers long term options, Pair trading, 60 second contracts, One Touch options, Ladder options, and even social trading, where you can copy trades made by other profitable users.
It's also important to make note of the fact that UKOptions offers Limit trading. Limit trading is essentially High/Low options, but it allows you to set limit orders for the direction of an asset. For example, when EUR/USD hits 1.03951 (or whatever price point) will price rise of fall by the expiry times conclusion? This is a great way to minimize risk and let price come to you. Limit trading is something not every broker offers, even by most brokers who use the SpotOption platform.
