People have always thought about how best to invest their money. And there have also always been different ways of doing this. However, it can at least be stated that the choice of variants has increased significantly over the past years and decades. In particular, computer technology and the spread of the Internet have given broad sections of the population access to instruments and products that were previously reserved for only a few experts and professional traders. First, we would like to give a rough overview of our most important experiences with the online broker GrandOption and then go into detail on individual aspects of the offer.
In particular, the providers who have specialized in trading binary options have recently recorded a strong influx. But high yield chances and a simple trading principle are still for a long time no guarantees on a continuously high profit. Because exactly as with the strategically and on a long-term basis aligned investment of funds it depends also with the rather short term oriented Trading above all on it to estimate market situations correctly and on this basis the correct decisions to meet thereby we took this time the on-line broker GrandOption into the view and beside the trade offer, the conditions and the achievements around the trade also the respectability and the trustworthiness examined.
Our experiences at a glance
At the selection of the right online binary options broker many traders first look at the possible yield and then at the underlying securities that are available for trading. In addition, however, other important criteria also need to be examined. Among other things the contents, which are offered approximately around the trade to the support as well as in particular the language, in which these are available. This is because most online brokers do not concentrate their offerings only on a specific market, but are also present in various regions and countries. While an English version of the website is available in almost all cases, it is not always possible to place a bet on an offer in German.
And even if a German version can be set on the start page, this does not automatically mean that all other content is also available in this language. This is particularly important if an extensive educational program is offered and is also to be used by the customer. In the case of the online broker GrandOption, however, this check is superfluous, as the site is offered in English, but not in German, in addition to some other languages. Since GrandOption also has a very interesting and extensive educational offer, interested parties should first clarify for themselves whether their knowledge of English is sufficient to use this offer accordingly. The same applies to the use of the support and all other content.
In general, the form in which the offer is presented to traders at first glance needs some getting used to. The extensive contents, which are quite available, can often only be found after a somewhat elaborate search. Something similar can also apply to the platform itself. Here it is for instance not so easily possible to arrange the available assets according to the categories. So stocks, stock indices, commodities and currency pairs are all in a single list, so that the search for the right underlying asset can sometimes be a bit time-consuming. There are around 100 underlyings available for trading. In addition to the possibility of classic option trading and a wide selection of different periods between 60 seconds and several months, GrandOption also offers social trading.
We also noticed in our GrandOption test that there is a very wide range of providers available to process the financial transactions on the trading account. However, these options are exclusively credit card providers. Bank transfers or the use of e-wallets are currently not available to GrandOption customers. However, these special features should not detract from the fact that professional trading via GrandOption is possible in principle. The platform is extremely reliable and the mobile app also offers the necessary independence. From a minimum deposit of 250 euros or in one of the other accepted currencies, an account can easily be opened and trading started. Altogether four different account types are to the selection, which make additional support, education possibilities and care offers to the investors available.
GrandOption makes absolutely respectable impression
Who can arrange itself with the characteristics mentioned as well as with the offer in English language, is after our experiences with GrandOption in each case at a good address, with which on a respectable, reliable and fair completion of the trade one can trust. In our test we quickly found out that GrandOption is a provider for the trading of binary options, which also has a licence from the Cypriot supervisory authority CySec. In addition to the security that can be derived from the serious business conduct of recent years as well as during our test, a state authority also ensures that important principles are implemented. All in all, customers need not fear that they will encounter fraud or rip-off with this provider.
Providers focus on classic binary options
To open up to a larger market, many online brokers have started to not only present their offerings in different languages, but also to address different groups of traders. With many providers, including GrandOption, it is therefore possible to choose from different account types. This gives traders the option of initially entering the trade with low amounts in the simple account version. Depending on the amount of the first deposit, additional analysis and support services can be expected, depending on the account type. In addition to the services that can be used within the framework of the available accounts, we would also like to take a look at the offer in the area of underlying securities and trading instruments.