Empire Option is owned by Hortense Holdings Limited and use SpotOption software platform. You can trade a wide range of stocks, commodities, indices and currencies.
EmpireOption is a fairly young binary options broker that was established in 2010. The companys headquarters are located in Uruguay, so it shouldnt come as a surprise that most of the brokers customers are from Latin America, but there are also a good number of English speakers who use this operators services due to the multi-lingual website, trading platform and support staff. EmpireOption isnt regulated, but this shouldnt come as a surprise since only a few binary option brokers are regulated.
Platforms & Features
This broker uses one of the most popular trading platforms – SpotOption. Traders using EmpireOptions services report that the trading platform is very user-friendly and the fact that it is completely web-based allows you to easily execute trades via a smartphone, tablet or another mobile device. Despite the many positives that can be said about EmpireOption, there is one major setback – this broker doesnt allow trading via a demo account unless you deposit more than $2,000.
This is why many beginner traders avoid using EmpireOptions services, but you shouldnt have any problems if you are an experienced trader. Despite this fact, EmpireOptions platform still gives you access to the most important technical tools and data, so the lack of a demo account shouldnt be a major problem for most traders.
Currently, EmpireOption allows its traders to execute traders with 52 types of assets, including 14 stocks, 12 currencies, 22 indices and 4 commodities. The number isnt so impressive, but youll have access to the most widely traded types of assets, so you probably wont notice that there are just 52 types of assets. As for expiry time, it can range from 15 minutes to the end of the trading day for regular types of options. Keep in mind that EmpireOption also allows trading with 60-second options.
If you search the web, youll find some complaints about EmpireOption. First of all, this broker accepts only three payment methods – credit/debit card, wire transfer and Moneybookers (Skrill). The minimum deposit is $100 and the amount of your investment will determine what type of membership youll get – Bronze, Silver, Gold or Platinum.
Platinum members are entitled to benefits such as cheaper & faster withdrawals, demo account, phone operations, personal account executive and more. The rate of returns ranges from 65% to 75% and youll have the opportunity to take advantage of a 10% option refund.
Currently, the bonuses offered by EmpireOption arent very attractive. One of the popular offers is “Refer a Friend”. In this situation, both the referral and the referred user receive a bonus of $50. The trader must use the bonus to generate a trading volume worth 30 times the amount of the bonus in order to withdraw the earnings.