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EmpireOption

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EmpireOption, as claimed, is one of the most advanced and secure binary options platform available on the market. EmpireOption has been around as far as 2010 and is one of the most popular binary options trading platforms among South Americans. EmpireOption is owned and operated by Baumann and Kraus Enterprises Ltd with their registered office situated at Stoney Ground, Kingstown VC0100, St Vincent & Grenadines.

What is Binary Trading? 
Binary option can be explained as a type of financial exotic option whereby payout is a fixed monetary amount or absolutely nothing. In other words, Binary option let trader make profit from price fluctuation from multiple global markets. Binary option can be tricky but it is also simple to understand once you get a hang of it. A lot of Traders consider binary option as more of gambling than trading and European Union has recently placed a ban on it.

Pros Of Using EmpireOption As A Binary Trading Platform 
1. Opens a new way of investing in the financial market in a very intuitive way. EmpireOption, as claimed, is very popular broker in countries like Argentina, Brazil, Mexico, and Columbia. They also provide customer service in the following languages English, Portuguese and Spanish.
2. EmpireOption was built using the popular SpotOption platform. Their platform gives traders the opportunity to trade over 1000 different asset and also provide technical support and other tools needed for efficient trading.
3. EmpireOption offers traders multiple payment methods like Skrill, Neteller, Payza and even local South American payment method like Boleto Bancario and Dinero Mail.
4. EmpireOption offers multiple account packages designed to suit your need. They offer a minimum of $200 deposit for their micro account package.

Cons Of Using EmpireOption As A Binary Trading Platform 
1. It is unregulated. Binary Trading comes with a lot of risks and as a trader, you are always advised to always patronize regulated brokers in order to reduce the risk of a scam.
2. They are a lot of inconsistencies on its website. Information changes quite frequently and some are even inaccurate e.g there is a "Get It On Google Play" button on its website but its Android app appears to have been pulled from Playstore.
3. Their website is not responsive and its default language is Spanish but this can easily be via a drop-down on the header.

Final Note: Based on my research I really have a negative feeling about this platform mostly due to the fact that it's not regulated and there seems to be a lot of negative reviews about it. Also, their Social media pages have been in action for quite some time. Personally, I would advise anyone to stay clear off their service and probably look out for better regulated binary options trading platform. 

Have you used this program to make money? share your experience

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