And Traders reviews…
In this review we will tell you about the newly emerging broker “Grand Option”. We appeal to those who have some experience of trading in the Forex market – take a few minutes of your attention to this company. You will be surprised that among of the trading tools from this broker, there are well familiar to you tools like “Take profit” and “Stop loss”. Beginner can found here a convenient terminal and the ability to open the contract in a single click.
History of broker
“Grand Option” broker registered in Cyprus. The site lists the full coordinates of the office. The service is available 24/7. Support is available in many languages. It should be noted that the company has CySEC license among the other licenses. Also, some information shows that “Grand Option” is the young brother of broker 24Option.
Deposit and Withdrawal
Like many European brokers, we can note the meager assortment of ways to refill. You can enlarge your account instantly using a debit or credit card, as well as through the payment system Skrill (formerly known as Moneybookers). You can also make replenishment via bank transfer, but in this case, the funds will be placed to the account within a few days.
Withdrawals must be ordered in the same section. As soon as you enter the desired amount and press “Next”, the funds will be automatically withdrawn from your account. You should send an email to email@example.com for withdrawal completion.
Minimum deposit on the “Grand Option” platform is 250 US dollars. Minimum investment is $ 25, which is slightly higher than the average level, but the presence of a demo account, where you can learn and test strategies, smooths the moment.
Grand Option platform has two main types of options – option above / below and short-term option.
In the short-term options you have an opportunity to open a deal for 30 seconds, for 1 minute, 2 minutes and 5 minutes. (Note that for the 5 minute option, there are a plenty of good strategies.)
Option above / below – it is nothing like the classic binary options, only with advanced features.
You can choose any expiry time within the next 30 minutes, and you can open a position with a maturity within 1 or 2 hours.
The open position is displayed below the graph that allows easily look after your deals and make a decision about to stop (sell) some positions (Stop Loss).
The position can be closed early, but the most important thing is that you can set for yourself the value at which the position will be closed automatically, so that you can protect yourself from losing the entire investment.
Summary: In general, the broker Grand Option has a professional platform that is ideal for beginners and experienced traders. The platform allows using the strategies that developed in terms of risk optimization.