Unbiased YesOption Overview

Established 2014
Platform Spot 2.0
Trading Currency USD, EUR, GBP
Minimum Deposit $250 / €250 / £250
Minimum Trade Size $25 / €25 / £25
Available Assets 125
Option Types Binary, Pairs, Long Term, 60 Sec, One Touch, Ladder FX/CFD, Spot Follow, Limits
Payout Rate Maximum of 89%
Withdrawal Processing Time 2 to 7 business days
Demo Account No
USA Traders Accepted No
Customer Service Phone, Email, Live Chat
Supported Languages English, German

Pros

  • Well-designed layout
  • Powered by a very stable platform
  • Considerably high payout rate
  • Diverse selection of assets
  • Comprehensive learning center/academy
  • Efficient customer support

Cons

  • US traders not accepted
  • Demo account not available

Established in 2014, YesOption is considered to be one of the most promising brokers in the binary options market. Its software is powered by Spot 2.0 and is operated by Diamond Global Solutions SRL. Given that there are already a lot of brokerages in the market today, how does YesOption fare with the well-established brands? Read on to know the answer.

Website Layout: YesOption has done some improvements on their website layout and reinvented it with a modern spin. Although the structure and the arrangement is not really new, they were able to infuse a fresh new look to their website. In fact, it’s a bit cleaner and more organized when compared to other broker websites.

Account Registration: Opening an account only took a minute for me to accomplish as the registration page only asked for my basic details. It was very simple and didn’t take too much of my time. After filling up the required fields, I was automatically redirected to the deposit page so I can add funds to my account.

It’s good to know that YesOption offers different account types so users can take full advantage and optimize their chances of making profits with reference to how much they are willing to invest. Beginners can use the Standard Account and requires a minimum deposit of $250 with a considerable number of perks such as free access to their education video center, 1 week of free access to the auto trading robot and more. The other account types (Private, Premium and Platinum) have more perks to offer so be sure to decide on the amount that you will deposit to maximize the benefits that you would like to avail.

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Deposits and Withdrawals: Transferring of funds is not an issue with YesOption because of the extensive coverage of payment options. For deposits, you can use credit and debit card brands such as Visa and Mastercard, Wire Transfers, Bank Transfers and Skrill.

Cashing out is as easy as making a deposit with the funds being transferred back to the original method used for making a deposit with a limitation that the original amount is the maximum amount that can be transferred back and the excess will be deposited on a selected bank account. The standard processing time may take 2 to 7 business days for verified accounts which is a far cry from other brokers that take longer to accomplish withdrawal requests.

Trading Tools: With YesOption, there are plenty of ways to improve your success in trading and this can be achieved by using the tools on their website and the learning center.

Financial News: With this tool you’ll have access to daily insights that are detailed in a comprehensive market evaluation courtesy of their very own trading experts and professionals. This also includes predictions which you can freely base your trading decisions on.

Learning Center: Beginners can start their training while expert traders can further widen their knowledge about binary options and forex trading by simply watching these feature-rich video tutorials. Each clip is very detailed can be used to sharpen their existing knowledge and skills in binary options.

Market Juicer: They offer the ProCopy 3.0 which you can use for following and copying the trades of other successful traders. There’s also a Signals Live Engine that displays real-time breaking news so you can be informed on where to place your options wisely. Lastly, the package also comes with the AutoTrader Pro, an automated trading tool that will execute your trades even if you’re not in front of your PC.

Total Assets: One of the great advantages of trading with YesOption is the sheer number of assets you have at your disposal. This broker provides a large number of assets with a diversity of currency pairs (forex), commodities, stocks and indices. That’s over 120 assets covering a lot of varieties that can be used for different types of contracts. Aside from the High/Low options, most of the available assets can be traded using Pairs, Long Term, 60 Sec, One Touch, Ladder FX/CFD, Spot Follow and Limits.

Customer Service: The support team can be easily contacted by giving them a phone call, sending them an email or going on an online session via live chat.

The live chat is a common feature that is usually offered by business that have an online customer base which is why it is important to also give special attention to this method of communication. Checkout my conversation with their live chat agent:

I never expected their agent to be so fast and so detailed in providing me support and assistance even by live chat. Joy was very helpful and accommodating and I must say that I did enjoy our conversation. She even offered to give me a call so gave them my phone number so I could talk to one of their account managers. True enough, I received a call just a few minutes after my chat with Joy ended.

Credibility and Reputation: Given that this broker has been in the business since 2014, it was easy to search for comments and reviews about this broker. Below are just some of the many reviews that we found which are mostly positive:




Final Words:
YesOption continues to be one of the most promising brokerages in the binary options market as it can rival other known brands in terms of services and features. It’s no surprise to see this company shake things up as they are able to bring to the table an innovative platform that offers a much improved trading experience.

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