It is hard to choose an ideal brokerage firm when you have so many options to choose from. New brokers are appearing every day and every single one of them is trying to get your attention with various bonuses and benefits you will receive if you decide to continue trading by becoming their member.
Some of these firms are legit while the others are not and it is very important to cover all the bases when searching for the broker that fits your needs and works with your trading style of choice. Always check their licences and if an offer sounds a bit too perfect and ideal, double check that as well. The chances are you have stumbled upon a scam brokerage firm and you surely do not want to be involved in a fraud.
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Keyoption reviewSign up with IQ option |
The first impression
Keyoption binary broker was founded in 2014 and presented to the online trading world in 2015, but they became quite well known among the traders in a short amount of time. It is owned by Nuntius Brokerage & Investment Services and their headquarters are in Athens, Greece. They are regulated by the Greek Capital Market Commission but they are yet to receive a licence by CySEC. Traders from the United States and Canada are not allowed to trade on Keyoption.
Their website seems really clean at a first glance and it will be appealing to many traders due to its simplicity and user friendliness. Everything is neatly presented and ready to use. You will have no trouble finding the things you are looking for such as log in or join buttons since there is no clutter or unnecessary information as well as no excessive ads that keep popping up in every single corner of the website.
Keyoption accounts
You must have already seen plenty of Key option reviews around the web. This Keyoption review will give you all the details about the process of registering on Keyoption binary. Once you decide to join Keyoption and continue trading with them, you will have to choose a type of account you want to register for. They offer four types of accounts – Micro, Standard, Premium, and Deluxe. Micro account requires minimally $500 of deposit which is, hands down, very expensive for a micro account. The cost of Standard account is minimally $1000, and Deluxe starts from $5000. Yes, you have read that correctly.
Of course, each type of account will provide you with various tools and educational materials as well as some bonuses. But is that truly enough for that amount of money you need to invest to this broker? There are many Keyoption reviews around the web that ask the same question. Keyoption also offers a lesser known trading platform to their users and it might take you some time to get used to it. It is web-based and therefore, you don’t have to download any type of software. You can also access it via your mobile device, whether it is your smartphone or tablet so you can check your progress even if you are on the move which is fairly positive.
Is it truly legit?
Writing a Keyoption review can be difficult since there were a couple of possible Keyoption scam seen in the past and a couple of traders had their accounts cleared out because of a technical error. Surely, the website looks legit and everything seems to be in order right now. This wouldn’t be a complete Key option review without questioning the minimal deposit you are supposed to have in order to open a new trading account with Keyoption. Their bonuses surely do sound ideal so those might be a true Keyoption scam? Trading binary options can be tricky so try to always stay safe and double check everything.
Summary
Would I recommend using Keyoption as your brokerage firm of choice? No. This is an honest Key option review and in my opinion they are not yet established enough to trust them with that amount of money they are asking for opening even the most basic account. There many well-known brokers out there who are trustworthy and they offer almost the same bonuses, perks and educational materials as Keyoption but with less risk involved. It is always better to play it safe and choose a reliable broker who has been around for a longer time period.
Of course, you don’t have to take this Keyoption review for granted. If you are feeling adventurous and you don’t mind giving them a large deposit at the beginning, then go for it. It is simply up to you to decide.
