Yesoption arose as a result of the need to provide true marketing and specialized services to traders in the stock market. This mission coupled with the fact that they felt the need to provide the right information to market specialists to enables them to make smart business or trading decisions is the sole purpose of this trading platform. It is one of the primary reasons why yesoption rose quickly in the stock trading business over a short period of time.
About the Broker
Yesoption is owned by Alpha System Developments LTD and powered by Tech financials. Their platforms offer Forex as well as Binary Options trading. However, their service at the moment is not being regulated, but this shortcoming has not hindered them from carrying out their business in the financial sector. In spite of the criticism they have received concerning their association with fraudulent activities, the brand offers more payouts for users with Gold and Platinum account holders. These categories of account holders also enjoy free withdrawals from their accounts when due.
Yesoption is operated by a team of highly placed and knowledgeable Tech financials who all have solid binary options knowledge and have the expertise to proffer the right information and market analysis for brokers. They Combine these specialty market with a web platform that is easy to use and a robust set of unique and up to date features.
History and Background
Yesoption kicked off its operations in 2014. It has since been able to successfully spread its tentacles across the financial markets of the United Kingdom and other nations in Europe, and Asia, as well as in North and Southern Africa. The team at yesoption use Spotopion in their operations which is one of the main reasons why the brand has been able to stay on top of the financial pyramid (though some industry analysts argue that this option sometimes impedes on the spot judgment which is sometimes the norm in stock broking).
Since they started operations, they have been able to guarantee a maximum of 89% return on investment and a bonus of _0. They accept a minimum deposit of $250 for starters and a maximum investment of $2500 in line with EU financial guidelines.
Yesoption offers three account options for traders. They include:
Yesoption Standard Account
This is the basic account option. It is assigned to traders who deposit between the ranges of $250 to $9999. This account comes with bonuses and full access to yesoption trading academy along with other special promotions that are offered from time to time.
Yesoption Gold Account
This account is assigned to traders who deposit between the sum of $10,000 to $24,999. This package comes with full access to the trading academy, inter-personal training sessions, continually increased return on investment of 2%, one-month free withdrawal, and access to free special promotions.
Yesoption Platinum Account
The Platinum account is offered to traders that deposit a minimum of $25,000. It comes with full bonuses, access to yesoption trading academy, unlimited and free personal training sessions, increased return on investment (minimum of 4%), free withdrawal for each month, unrestricted trading tips, newsletter, and signals. Other features include full access to exclusive promotions from yesoption throughout the duration of the individual’s trading with the company.
Yesoption services are limited to the European, Middle Eastern and African countries. At the moment US traders are not allowed to use the platform. They are also not given access to use the service for trading in the North American stock marks. It is believed that bureaucratic laws are what’s stopping them from breaking into the United States stock market.
Yesoption offers a range of services. One of which is the fact they offer |”free money” to brokers who sign up for their service. So you can take a risk-free move on their platform to learn the ropes. This is part of a generous bonus program that is attached to all tiers of their brand.
They also offer free trading signals on market forces and also give free one on one coaching classes to traders in order to teach them new and old tips in the trading market. This is an offer that every trader who signs up with them enjoys and is headed by a seasoned finance professional.
One of the major selling points of yesoption is the fantastic bonuses that they offer at all levels, and this will be carefully examined below to give you better insight on how it is distributed:
• A 20% sign up bonus is assigned to first-time deposits that range from $250 to $499
• A 30% sign up bonus is awarded to first-time deposits that range from $500 to $999
• A 40% sign up bonus is assigned to first-time deposits that range from $1000 to $2499
• A 50% sign up bonus is allocated to first-time deposits that range from $2500 to $4900
• Every first-time deposit that ranges well over $500 receive a 100% sign up bonus
They also offer free trading tips, newsletters and established certain trading signals and forecasts. Yesoption provides these amazing features for free in the first two weeks (that is the first time depositors sign up with them). It comes as a six important trading signal every day via SMS or email. These trading signals are very helpful to new intakes in the world of binary options trading.
Other promotions that are offered on yesoption include a $150 referral bonus that comes when you refer a friend or trader to the platform. They also offer iPhones and other gadgets when some trading conditions are fulfilled by an account holder.
Yesoption is one of the few trade brokers that offers an array of great trading tools and excellent software. The trading tools include a well laid out economic calendar, a full currency pair HeatMap, a Fibonacci Calculator that support and shows resistance areas, a Binary-FOREX pivot calculator and up to date financial news along with tips through the duration of trading with the platform.
Their software is a fully automated trading software that is regarded as one of the best in the market. It comes with an astonishing and consistent winning rate of 91% in a test carried out by Options Test. The software which has won numerous awards allows traders to make more profit while doing less work in the long run. The best part of it is the fact that it is free to use for all traders.
Trading on the yesoption is done with the aid of ideal option choices that includes High or Low options, 60Second options, One Touch Options and Boundary options. This puts traders way ahead of their peers and opens them up to a variety of choices. In some cases, a trader can retrieve a small percentage share of their investment back on a bad or losing trade. Other trade tools offered on the platform include reduced risks that come with ‘rollover’ and ‘end earlier’; all these puts a trader at an advantage and makes it easier for trading to occur.
Trades are done through the use of over 100 assets that can be selected from. These assets include more than 30 currency pairs, 50 stocks, over 20 indices and ten other commodities. The expiration times for these are 15, 30 seconds, 60 seconds, 5minutes, 15 minutes, 30 minutes, 1 hour, and 24hours. After it has expired, it can be renewed with support from their customer relations team.
Their customer support is highly questionable as their live chat column barely ever responds to comments and complaints. But they make up for this lapse with a well-detailed FAQ section. This makes it easier for information gathering and saves a lot of time although it would really help if their live chat is more reliable than it is currently.
Their email service is, however, slow as answers to inquiries and questions usually take a while before it arrives. But they are quite detailed and informative. They also provide phone numbers for traders in countries like South Africa, United Kingdom, Bahrain, Canada, Switzerland and Australia. Thus on the average, it is safe to say that customer care is standard enough even though there is room for improvement.
Deposits and Withdrawals
Yesoption accepts deposits from as low as $250 to $50,000, and investors will need to trade up to 30x times in order to receive a bonus of up to $50,000. This option also includes the amount tied to a bonus. When there is a change to the rules, it is communicated to traders on the platform.
The account verification is an important step that needs to be taken before withdrawals can be made on Yesoptions portal. It requires something like a utility bill, picture or copy of a working ID and C.C. However, traders with Platinum and Gold account are eligible to withdraw for free.
In spite of the controversy surrounding yesoption legal standing the whole trading experience on the platform is smooth and very pleasant on an average level. The availability of a mobile trading app makes trading a lot easier on the platform.