7.3/10
  • OnlyOption

  • Bonus: Up to 100%
  • Options Payout: 70-85%
  • Rating: 7.3 / 10
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Broker Name: OnlyOption
Platform: KeyStone
Founded: 2014
Bonus: Up to 100%
Return/Refund: 70-85%/0-10%
No. Of Assets: 60+
Regulated:   CySec
Demo Account: Yes
Minimum Deposit: 200
US Traders:   Not Accepted

OnlyOption Review

by Martin Kay

Update 7/16 – Warning – Broker Website Shows “Temporarily Unavailable” for over 3 months now. Use with Caution.

 

Editor’s Note – Why does OnlyOption Suck in 50 Words?

Onlyoption suck because they are not the best broker or platform by far. They have a lot going for them don’t get me wrong but the interface is simplistic and the trading is limited. You aren’t making a bad choice if you use this broker, just not the best.

 

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Why OnlyOption Doesn’t Suck

OnlyOption.com is the latest brand from the folks at Safecap Investments and Markets.com. They have been on the scene providing forex and binary options for many years and have now funneled their experience into a new broker. OnlyOption doesn’t suck because it is a top notch trading platform that is fully licensed by CySEC and in compliance with the growing level of EU regulation. They may not be the best broker, but they can be trusted and are among the New Age in binary options brokers.

 

 

Full Review Of OnlyOption – Not The Only Option

Onlyoption.com is the latest in a series of brokers launched by Safecap Investments and Markets.com. The combination of names is one you may have heard of before, Markets.com is a popular forex trading platform. The pair have also brought us binary options brokers like TopOption and 24Winner. When I heard they were launching a flagship broker I was intrigued and thought I might see something new. I was wrong. This broker is the same rose by a different name. That rose is of course a trusted CySEC regulated name making strides into the greater EU market but not top choice for active traders.

 

They have a full line of assets including stocks, indices, forex and commodities with decent coverage of each category. The stock list is short compared to most, less than 100, but they make up for it with a fuller lists in the other asset classes. Option availability is also decent but does not have quite the range of other brokers. The standard digital binary options are complimented by SpeedMaster, one touch, no touch and Trader Pro. Speedmaster are short term options such as 60 and 120 seconds. One touch and no touch are traded on separate screens unlike with other brokers offering the option. The Trader Pro is a trade screen with enhanced features for trading the Classic Binary Options including Double Up, Rollover and Sell Now. Expiry for the longer term Classic Binary Options is where they suck, they are limited to intraday and end of day only.

 

Banking is where this broker really shines. They are CySEC regulated and extending into other EU nations so taking steps to ensure safe and trusted practices. Deposits are all held in segregated accounts and can be made by CC, wire or eWallet. Withdrawals can be made in the same ways and are among the fastest and most reliable in the industry.

 

 

Is OnlyOption A Scam?

OnlyOption is not a scam. It’s not the greatest broker on the planet but it is among the safest. OnlyOption has joined the ranks of what I call a New Age of brokers. An age in which brokers are operated on the level, in the light, under regulation and with self-respect, holding their heads up high saying yes, we trade binary here.

 

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OnlyOption Complaints

OnlyOption is way to new to get complaints but that may not be a bad thing. Most times, assuming a broker is legit, complaints stem from not reading the Terms&Conditions or because a trader took a bonus, after not reading the T&C, so aren’t really worth your time in the first place. This broker is regulated so if you have a problem that is their fault you have avenues of recourse.

 

Onlyoption Bonus

OnlyOption has several bonus and other give-away offers for new and existing traders. Bonus size depends on the offer but comes with a 40 times trade volume before you can withdraw the original amount. Because they are CySEC you can withdraw portions of the profits once you reach a lower threshold, only 20 times volume.

 

Withdrawals

Withdrawals are fast, easy and secure. Processing takes 3 days and are returned to your account via the original withdrawal method. Credit card, wires and eWallets are supported. There are no withdrawals fees but a fee may be incurred if using wires or other intermediary services.

 

Broker Extra’s

This broker has a few extra features to help enhance trading. The biggest one is regulation. No matter what else you think about them you know that your account, money and trading are safe. The Rollover, Close Now and Double Up are also useful tools. You can use them to help manage risk, limit losses and lock in profits.

 

 

OnlyOption Ratings

User Friendly 15/20

This broker and platform are no less user friendly than average which is why I scored them low at 15. The interface is easy to use but simplistic and without any of the advances we have seen on other leading platforms. What keeps them as high as they are is regulation, support and safety of funds.

 

Number Of Assets/Expiry 15/20

They have a decent amount of assets, more than enough for one trader, but expiry is limited. They are great for speed traders, option scalpers and day traders but there are no expiry for longer term traders.

 

Commissions, Support and Effective Return 18/20

This broker provides good support. Mostly because they have to. In order to remain compliant with regulators they have to keep clients happy and that means doing a good job. Representatives are available 24/5, no weekends, and there are plenty of materials to get new traders started. Returns are average (70-85%), but guaranteed in a way you can’t get with an unregulated broker.

 

Deposit, Payment And Bonus 15/20

This is one of the top brokers for banking. They go above and beyond in terms of compliance and make every avenue of banking available. They have credit card, wire and ewallet methods for deposit and withdrawals. Payments are executed quickly, eWallets in as little as 3-5 days and bonus terms are easy.

 

Broker Extra’s 7/20

The Double Up, Rollover and Close Now features are nice but you can find those in other platforms. This is a new broker but nothing new or special.

 

 

OnlyOption Overall Ratings (70) + Regulated (+3) = 73/100

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