QuickOption (QuickOption.com) is probably the first online broker focused exclusively on mobile trading. Featuring more than 70 tradable assets, the operation is indeed something of a trailblazer in this respect. Every proper binary option broker offers mobile apps for various devices these days. QuickOption are the only ones 100% mobile-focused though. They do not have a desktop app at all. Their trading platform is a TechFinancials creation, put together with one goal in mind: to automate the entire experience.
Indeed, everything at this broker is automated and fully integrated into the user’s mobile device, starting from deposits and withdrawals, to the whole sign-up process. What this means is that the user doesn’t actually have to come into contact with another human throughout the QuickOption experience. The true upside of this setup is that on their part, QuickOption have made a point of not pestering their traders with various aggressive sales tactics. In fact, they only talk to them if traders expressly request it through the support interface. The “no spam, no calls, no ads” motto is a very attractive one indeed.
The QuickOption software is updated regularly. Every other week, a new version is released. Needless to say, the update process has been automated as well.
The broker is regulated by CySEC and it is in full compliance with the MiFID directives. Therefore, we can whole-heartedly recommend them as trustworthy and serious. The company behind the operation is Rodeler Ltd, and it’s based in Limassol, Cyprus.
Rodeler Ltd. is a member of the Investor Compensation Fund for the clients of Cyprus Investment Firms, therefore, its clients are covered against any financial eventuality. The purpose of the fund is to compensate the clients of member operators who -for whatever reason – become incapable of restituting the monies of their investors. The client category covered by the ICF is the retail one. Professional traders or institutional entities aren’t entitled to compensation under the ICF setup. QuickOption have all the terms and conditions pertaining to the ICF listed at their website in great detail, for everyone to see.
Like most CySEC-regulated brokers, QuickOption operate on the sole market-maker business model, which means that there are some inherent conflicts of interest involved in its operation. In order to minimize the impact of these conflicts, the operator has set up an elaborate conflict-management procedure, backed by a Conflict of Interest Policy, which is also detailed at their site.
QuickOption Client Categorization
By the laws and regulations to which they adhere, QuickOption are required to categorize their clients into three distinct tiers: retail clients, professional clients and eligible counterparties.
Of these three categories, the retail one is entitled to the highest level of protection. The catch here is that some retail clients may also be classified as professionals, provided they fulfill a number of criteria linked to transaction volumes, portfolio-size and professional history. Such clients will lose some of the legal protection to which they would otherwise be entitled.
QuickOption Trading Platform
As said above, the QuickOption trading platform is focused entirely on the mobile segment, looking to draw in traders who work on the go. Despite that, the complexity of the platform is quite impressive. It delivers a number of features and perks that would make any desktop app proud. The trading signals feature is one of its biggest selling points, since it actively helps traders be more profitable. There are social- and pro trading signals, which allow traders to copy the moves of more successful professionals, or to simply go it alone. The QuickOption platform also delivers alerts when various tracked assets reach previously set critical levels. There’s an economic news feature implemented as well, meant to lend traders a hand with their fundamental analysis.
The statistics feature offers traders a way to take a look back at their own past actions and thus to draw conclusions in regards to what works and what doesn’t strategy-wise.
The QuickOption Education center is accessible directly from the mobile trading interface as well. In addition to all the above, the QuickOption trading platform comes with live market indicators, as well as a number of tools aimed at advanced analysis, like multiple screens and dynamic graphs. To make a long story short: the QuickOption software is a very impressive, nifty little package of trading dynamite, very powerful, yet still extremely easy to use.
As said above, the QuickOption Education Center can be accessed at a touch as well. It is broken up into three categories: Basic, Advanced and Expert, covering a wide range of topics in each. A video library is available as well, which contains information of how to trade binary options in general, on how to use the QuickOption trading platform and on what sort of tactics to adopt to become more profitable. All this is presented in a straightforward and simple form, easy to grasp even for beginners.
A downloadable eBook is also available, summing up the contents of the Education Center.
QuickOption support several account types, to suit the needs of traders of all financial means. The simplest account is the Silver one, which requires a minimum deposit of $250. We then have the Gold account, the Platinum account and the VIP account. Obviously, these accounts need progressively bigger and bigger deposits. None of the accounts feature any commissions and spreads. The payout rates are excellent on all of them too. The maximum can go as high as 90%, which isn’t half bad, considering the industry averages in this respect.
Via credit card, the maximum on deposits is $10,000. Those making their deposits through wire transfer can deposit as much as they want though. The minimum trade amount is set to $25, which doesn’t exactly allow a lot of flexibility. The maximum in this respect is $60,000. A personal assistant is ready to offer help to all account holders. Apparently, such assistants get a 1% commission on the winning trades of their traders, but from a realistic perspective, the setup doesn’t make much sense. Assistants work for the broker and all trader profits come directly from the pockets of the broker, so it makes no sense for them to really help traders. We advise you to forego their services.
On the other hand, the personal assistants can in fact offer support services too. In this case, they become much more useful. Through the trading app, such assistance can be called upon instantly. In addition to that, there’s a support email available as well: email@example.com. The support staff can only be contacted from Monday to Thursday, from 7AM to 3PM. On Friday, support ends at noon. On Sunday, support is back on, from 8AM to 5PM.
Interestingly, there is no traditional live chat support at QuickOption, nor is there a call-back service available for the time being.
QuickOption Bonus Policy
QuickOption do in fact offer their traders various bonuses from time to time. An example in this sense would be the 100% match deal they currently have on offer. Their bonuses do come with some pretty strict terms, conditions and redemption requirements, therefore our advice is to just not pick them up. Though QuickOption bonuses will not hold one’s deposit hostage, the fact that they’re available at all is contrary to the ESMA’s latest requirements in this respect.
QuickOption Review Conclusion
QuickOption are regulated, licensed and they run on a superb mobile trading platform. The overall community feedback about them is positive and the fact that they have made it their goal not to bother their traders with various direct messages and deal-offers is certainly a massive plus. According to some complaints though, some QuickOptions reps do seem to egg on their clients to make bigger and bigger deposits.
If you’re new to binary options trading, we recommend trying a few FREE binary options demo accounts before making a deposit with the one you like the most.
You’re welcome to read more objective binary options broker reviews.
|Trading platform||Tech Financials|
|Supportfirstname.lastname@example.org, live support from the personal assistant|
|Trader Demographics||Everyone, everywhere, except US and a few other countries (see below.)|
|App compatibility||Android, iOS, mobile|
|Minimum required deposit||$250|
|Maximum deposit||$10,000 with Credit Cards, unlimited through wire|
|Minimum trade amount||$25|
|Customer service||Eager to assist|
List of Blocked Countries
USA, Canada, Australia, France, Wallis and Futuna, Virgin Island (US), Saint Pierre and Miquelon, Saint Martin, Saint Barthélemy, Réunion, Puerto Rico, Ontario, Northern Cyprus, North Korea, New Caledonia, Mynamar, Mayotte, Martinique, Japan, Israel, Iran, Guadeloupe, French Polynesia, French Guiana, Ecuador, British Colombia, Belgium, American Samoa, Algeria.