RBOptions is a binary options broker owned by Zulutoys Limited and headquartered in Marshall Islands. The Canadian binary options broker is based in the city of Toronto in Canada. The binary options broker has only been offering trading services for 3 years as it was founded in 2012. They maintain a clearing services virtual office in London, England. RBOptions accepts customers from around the world but they do not accept US traders at the moment.
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Types of Trading Accounts
RBOptions offers 4 types of accounts including Silver, Gold, Broker and VIP account. The Silver account requires you to deposit a minimum of $250 whereas the Gold account has a minimum deposit of $5000. Silver account offers free 25% bonus, e-book and daily market reviews but it does not support event trading. Gold account includes a bonus of 50% and $250 worth of cash back rewards. Gold account supports event trading, market reviews, and one on one training sessions. For Silver and Gold accounts, it takes about 3 days for your withdrawal request to be processed and approved.
The Broker account is for traders who want to deposit in between $25000 – $250000. The Broker account includes all the features in the Silver and Gold accounts. Other features supported by the Broker account are NFP trading signals, free webinars and dedicated broker. If you are a Broker account holder, you can enjoy 80% bonus and up to $2000 in cash back rewards.
The VIP account was created especially for traders who want to deposit above $250,000. VIP account includes all features in the Broker, Gold and Silver account. You get to enjoy 150% deposit bonus and up to $10000 in cash back rewards. Besides, VIP account holders will also be entitled to join the VIP mentorship program. Broker and VIP account holders just have to wait for 1 day for their withdrawal requests to get approved.
RBOptions offers SpotOption trading platform, which is also used by many other major binary options brokers. In the SpotOption platform, you get to switch to a variety of trading modes and display windows. The platform makes it easy for you to access all the necessary information about your trades including payout percentage, potential payout, and expiry timer. You can use the Spot Follow feature to follow the trading strategies of the professional traders.
There are many free trading and analysis tools such as economic calendar, Fibonacci calculator, and daily market reviews. There are many different types of binary options trades including binary options trading, pairs, forex/CFD and one touch.
You can choose short term trades with expiry time frame as fast as 60 seconds or long term trades that last up to 1 year. If you think that the trade you just place won’t win, you can cancel it by clicking the Cancel a trade feature.
The downside of clicking the Cancel a trade feature is that it will automatically deduct 20% of your capital. You also won’t be qualified to take any profit if you cancel the trade prior to the expiry. Maximum ROI you can earn is 90% and the maximum bonus is $10,000. RBOptions has a minimum investment size of $5 and a maximum investment size of $1000. RBOptions offers a large selection of asset list and expiry dates. They offer more than 100 assets including forex, indices, stocks and commodities.
Security of Clients’ Funds
RBOptions make sure the clients’ funds are secure by keeping them in segregated accounts in a bank. They use top grade SSL encryption technology on the checkout page to prevent any third party from accessing your personal information. They are very transparent about their fees and do not charge any hidden commission.
Deposit and Withdrawals
RBOptions gives you the option of performing deposit or withdrawal methods via credit card, bank wire, and Skrill. They support a variety of credit cards including Visa, MasterCard, American Express, Discover, Diners Club, and JCB. The maximum amount you can deposit into your account is $10,000. RB Options require you to withdraw via the same method you deposit the funds into your account. If you want to withdraw the funds, your account must at least have a balance of $100.
RBOptions offers a number of toll free telephone customer support for 12 countries. They have separate email address for different departments for example customer service, senior brokers, compliance and accounting. You can also contact their customer support via the 24/7 live chat support.
In conclusion, RBOptions is reliable broker that offer generous bonuses for new traders. They offer a lot of toll free telephone support so that customers from these countries don’t have to pay a single cent when contacting the customer representative.