Magnum Options Demo Account – Is it worth it

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Magnum Options Demo Account

Magnum Options is powered by the SpotOption platform and it accepts traders from the Canada and all other countries.

You can get your Magnum Options free demo account, as soon as you register on their site. This practice account is absolutely free, no deposit is needed, so there is 0 risk when trying out this broker. If you are new to binary options trading, then we recommend to start with a demo account first.

Interested in Magnum Options? Open A Demo Account here.

With the demo account you can try out all the different strategies that you know, because the demo version works the same way as the real money version, except you can’t win real money on the demo version. The free version simulates the real binary option trading environment.

You can learn learn the ropes and start your real money binary options trading once you gained enough confidence. This is also a great way to get used to the website, the different features and how everything works.

You can use the test account as long as you want, and if you decide to trade with real money, then the minimum deposit is only $200. Mangum Options accepts bank wires, credit and debit cards and electronic wallets like Skrill.

There are 100+ available assets to trade and the interface is really user friendly.

The maximum payout is 81%. The support team is friendly and helpful, and is available in many languages: English, German, Italian.

Magnum Options Login

Conclusion:

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Magnum Options login is very simple and once the traders have created an account, they can login with their credentials and access their trading profiles. Magnum Options was established in 2020, and have been able to become very popular with the traders since then. The broker offers some unique features that really stand out. These features include a 100 percent web based platform, 24/7 live customer support, and a platform which is easy to navigate. Apart from that, traders will like the fact that 10% of their business will be refunded to them, even when they lose trade. We cannot think of any other binary options broker that offers such a refund to the broker even when they lose money while trading.

Best Binary Options Brokers 2020:
  • Binarium
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    Best Binary Options Broker 2020!
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    Free Demo Account!
    Free Trading Education!
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  • Binomo
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    Good Choice For Experienced Traders! 2nd place in the ranking!

Magnum Option Login Facts

Traders do not face any problems with Magnum Options login. With 24/7 live chat support, traders should never have problems with this broker. Even if they face any issue with logging in to their accounts, there will always be someone on this site to help with any problem possible. This platform is great for all users, who want to succeed in binary options trade. Also, there will be no problems with deposits and withdrawals due to 24/7 support. There are a lot of brokers out there who do not have great customer support, and that can cause a lot of problems with any type of money transfer.

With everything being completed online, there is no need to download any documents or other software to help with the process of verification. Everything on this site is as simple as possible, to start trading as soon as possible. Apart from great customer support they offer, Magnum Options also provides the traders with 100+ commodities to trade. Just after signing up, an account manager is assigned to every trader. So on top of customer support live chat, there is someone who suggests negotiation tactics, to help the trader in becoming a successful binary options trader. So far, we have not come across any complaints against the site from our traders. On the contrary, they have praised the service provided by this broker.

More Info About Magnum Options Login

Another thing worth noticing about Magnum Options login is that, it is very fast and secure. With a decent Internet connection, it will not take too long to login and access the account. As the site encrypts information with SSL security, traders can be assured that no unauthorized individuals have access to their personal information or their accounts with Magnum Options. The security and safety of the site make it an ideal choice for all binary options traders.

Magnum Options USA

Magnum Options USA traders have been a very loyal customer to the site, since its inception in 2020. The traders from the United States of America enjoy the services offered by the site. Above all, they like the fact that the site accepts traders from their country and offers them with a wide range of facilities. Not too many binary options brokers accept traders from the United States. Hence, Magnum Options is very popular with American binary options traders as it is one of the few sites that allows them to become members and make money through binary options trade. Another reason that makes Magnum Options popular with them is the fact that it offers higher payouts.

Magnum Options USA

Magnum Options USA traders do not get access to a separate site but instead, they can access the English version of the website. Hence, they can get access to the same quality features that are popular with traders from around the globe and only have to make the same amount of deposit (in their currency) like players from other countries. They can trade in a variety of commodities and get in touch with the support team of the broker, if they have any questions or queries regarding binary options trade.

Many traders from the United States say that opening an account with Magnum Options is one of the best choices they had made. They never feel neglected with these guys, and instead they feel appreciated to use their service. Even if they lose a couple of trades, there is still that 10% reimbursement to help them stay in the mood for trading. And when they do not win, there is up to 81% payments so that they can build their trading portfolio faster. Apart from that, safety, security and reliability of the site are other factors that attract binary options traders from the United States to open an account with Magnum Options broker.

Magnum Options USA Facts

Magnum Options USA traders like the fact that the broker offers great customer support. In fact, people can get in touch with the support team 24/7. The support team can be contacted by both phone and email, and they response quickly. They are patient and help the traders to clear their doubts. Withdrawing earnings from the site is also quite convenient and the traders from the United States can withdraw their earnings in US dollars. Hence, they do not have to lose any money on exchange rates, which fluctuate a lot.

MagnumOptions vs Redwood Options

We have thoroughly analyzed both these brokers to understand the features they provide, and the advantages and disadvantages of doing business with them. We did found that both these brokers are reliable and they enjoy a favorable reputation with the traders. They are known to offer guaranteed payouts and other lucrative features. They have made a mark for themselves in the world of binary options trade.

MagnumOptions vs Redwood: Minimum Deposits and Minimum Investments

The minimum deposit amount for both MagnumOptions and Redwood is $200. In order to start trading in different commodities and assets offered by these brokers, traders need to first make a deposit of minimum $200, and once they made the deposit and verified their identity, they can start trading binary options. However, the minimum investment for MagnumOptions is only $5, whereas it is $10 for Redwood binary options broker. Hence, if one wants to start trading by investing the least amount possible, MagnumOptions will be the right choice. Overall, both the brokers offer sufficient payment processing options to make deposits or withdraw earnings from the sites.

MagnumOptions vs Redwood: Maximum returns and Maximum Investment

MagnumOptions and Redwood both offer maximum returns up to 81%. Similarly, the maximum investment allowed by MagnumOptions is $1,000, whereas Redwood allows a maximum investment of $5,000. In conclusion, traders who would really like to invest a lot of money and get higher returns from their investment should opt for Redwood binary options broker. Given the fact that the maximum return percentage is same for both of these brokers, it will be difficult to choose any one of them based on the criterion of returns alone.

MagnumOptions vs Redwood: Maximum bonus and other features

MagnumOptions and Redwood both offer maximum bonus up to $10,000. The bonus trading terms for MagnumOptions is 20x – 50x, whereas it is 30x for Redwood. The currencies accepted by Redwood are: USD, AUD, CAD, EUR and GBP, whereas MagnumOptions only accepts USD and EUR. Redwood offers a early close but MagnumOptions does not. On the other hand, MagnumOptions offers a mobile version but Redwood does not. US players are accepted by MagnumOptions but not by Redwood. For the residents of the United States, it will be more convenient to open an account with MagnumOptions binary options trader.

MagnumOptions vs. Boss Capital

The traders always want to improve their chances of making money through binary options trading but are also looking for a reliable and fast broker. We have thoroughly analyzed two popular brokers to understand the features they provide, and the advantages and disadvantages of doing business with them. We did found that both these brokers are reliable and they enjoy a favorable reputation with the traders. They are known to offer guaranteed payouts and other lucrative features.

MagnumOptions – Boss Capital: Minimum Deposits and Minimum Investments

The minimum deposit amount for both MagnumOptions and Boss Capital is $200. In order to start trading in different commodities and assets offered by these brokers, traders first need to make a deposit of minimum $200. Once they make the deposit and verify their identity, they can start trading binary options. Making the deposit to these sites is also very easy and convenient, given the fact that they offer a variety of payment options to the traders. However, the minimum investment for MagnumOptions is only $5, whereas it is $25 for Boss Capital. For traders who want to start trading by investing the least amount possible, MagnumOptions will be the right choice.

MagnumOptions – Boss Capital: Maximum returns and Maximum Investment

MagnumOptions offers maximum returns up to 81%, whereas Boss Capital offers maximum returns up to 89%. For those preferring higher returns of their investment, Boss Capital should be the right choices. Similarly, the maximum investment allowed by MagnumOptions is $1,000, whereas Boss Capital allows a maximum investment of $15,000. Hence, if one would really like to invest a lot of money and get higher returns from the investment made service of Boss Capital binary options broker is advised. However, traders who invest a small amount of money, take lesser risks, and are happy with a little less return, can opt for MagnumOptions.

MagnumOptions – Boss Capital: Maximum bonus and other features

MagnumOptions and Boss Capital both offer maximum bonus up to $10,000. The bonus trading terms for MagnumOptions is 20x – 50x, whereas it is 30x for Boss Capital. The currencies accepted by Boss Capital are USD, AUD, CAD, EUR, GBP, Yen, and RUB, whereas MagnumOptions only accepts USD and EUR. Boss Capital offers a demo account and early close but MagnumOptions does not. On the other hand, MagnumOptions offers a mobile version but Boss Capital does not.

MagnumOptions – Boss Capital: The Verdict

Traders who are looking for more features, higher returns and are willing to invest more money, should opt for Boss Capital. However, if they want to invest a lesser amount of money, and will be happy with comparatively lesser return, they should opt for MagnumOptions.

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Magnum Options Review

Magnum Options strives to stand apart from other brokers and succeeds in operating differently when compared to most other brokers. Generally, the functional differences between brokers are so trivial that when the bird’s-eye view is considered, the differences have no significant impact on the trader or in the trading experience with binary options . Magnum Options mainly triumphs because of their transparency and standards of integrity that they maintain with their customers. They are doing their best in every aspect that can be measured. Even though Magnum Options does not have the official endorsement of CySEC or any other regulatory body like Malta Gaming Authority ,Magnum Option cannot be written off as a non-trustworthy site as they have been delivering excellent results.We will prove this statement with our review below.

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Is Magnum Options an Excellent or Bad Broker? Scam or Trusted One? Read the Full Expert Review Here! Important Information, Must Read Before Investing!

How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    As Magnum options no longer accepts US traders, in case you are from US we recommend you to check other brokers such as CTOption, GOptions,Porter Finance and Bloombex. The best way to get everything out of this article, is to first open a free account to Magnum Options by clicking the button below. After that you are able to test the features alongside while are reading this review.

    Magnum Options in a Nutshell:

    • Broker: Magnum Options
    • Platform: SpotOption
    • Founded: 2020
    • Bonus: Up to 100%
    • Return/Refund: 70-85%/1-10%
    • Number of Assets: Around 200
    • Minimun Deposit: $200
    • US Traders: Not Accepted
    • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
    • Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill, Moneybookers

    Magnum Options Slogan

    Bonuses

    Trading with Magnum Options as new traders has added benefits in the form of bonuses that they offer. Magnum options offer new traders bonuses ranging from 10% all the way upto a whopping 100%. Maximum bonus will be $10,000. It should be noted that larger the deposit amount, higher is the bonus percentage.

    Demo Account

    Magnum Options unfortunately has no demo account option at this point. Nevertheless, the minimum trading amount in a single trade is a measly amount of$5 and therefore the money involved in a single trade is not that significant. This is a good way to learn the nuances of trade by investing in several small trades and see how those go. Such a method can be termed as dividing the risk which is an important aspect of trading. Like they say, never put all your eggs in the same basket! We recommend you to adopt these small steps in the beginning and carrying out the minimum-amount trades until you gain a better know-how of trading and eventually, with practice trading will come much more naturally to you.

    Features of the Broker site

    Tradable assets:

    The list of assets available to trade while using the Magnum Options platform is extensive. There are around 100 different stocks, 30 currencies, 8 commodities, 50 indices and 15 pairs. Naturally, stocks are picked from the biggest global companies.

    Currency pairs encompass the most used currencies of world capital markets such as USD, EUR, JPY, CAD, GBP. AUD etc.There is an additional feature of a possibility to trade with Bitcoin crypto currency as well.

    On the other hand, the commodities list is typical of the industry standards with offers of 8 commodities to trade. They are coffee, corn, gold, oil, platinum, silver, sugar and wheat.

    The list of indices includes the most important stock markets around the world and comprises of most liquid indices as well. The indices represent several markets and industries which makes it easier for traders to find their favorite ones quite effortlessly.

    Magnum Options Ifollow where you can follow your favorite traders and copy them

    The list of pair options includes some extraordinary pairs whose success is compared with each other. Some examples of such pairs are Apple vs Amazon, Apple vs Google, gold vs silver, gold vs EUR.

    To shed light on the payout and profits offered by the Magnum Options,their average return falls around 80% with a maximum of about 85% which is overall a good number. What makes it more attractive is the refund they offer which can be up to 10% from the traded amount. This refund is offered to a trader after losing a trade. Such an offer increases the total amount of profits in the long run because some of the lost trades are refunded back to traders.

    How to trade with Magnum Options

    Magnum Options operative-platform SpotOption provides a wide range of trading possibilities that includes expiry timings apart from the options for assets as mentioned above.

    Expiry times vary between 30-300 second in the “sixty second” category. In the long-term category, expiry times range from a week to more than 15 months. These are vastly different type of investments and both have their own special advantages.

    A significant feature of Magnum Option is the Ifollow where traders can see, follow and imitate other successful traders and their individual trades. The Ifollow gathers the top traders and ranks them in order. This definitely aids to lift up your own success rate.

    One Touch Options are high payout options.

    The actual trading procedure is quite straightforward. Trader needs to choose the asset, the duration, and whether it will tend to go up or down in the chosen time frame. SpotOptions platform is clear and well designed for that.

    SpotOption is one of the most reliable platform providers in the binary options industry. Their platform is clear and easy to trade with. Magnum Options offers following option types:

    Among the aforementioned types, Ladder options have the highest available profits. By reaching certain limits in the valuet, profits can rise over 1000%. One Touch option is an additional high payout option that will be profitable if certain lower or higher pre-set limitsare reached within the duration of the trade. These are definitely worth trying if you are comfortable taking such high risks in order to gain profits.

    Ladder options offer even over 1000% payouts.

    It is highly important to possess risk adjusted portfolio in trading and therefore,it is important to select all the features of short and long term options. Magnum Options offers wide range of products and tradable assets that traders can list in their portfolio which they feel comfortable with.

    These features allow traders to build risk adjusted portfolio and divide total risk to multiple assets, markets and time frames. Such adjustments lead to best possible outcomes instead of putting all the eggs in one basket.

    Minimum trade is $5 and maximum is $5,500 for regular options which is quite a desirable option.

    Educational material and tools

    Magnum Options provides many trading video courses in their trading academy. They offer 5 courses for beginners, 8 for advanced trading, 5 for binary options and 3 in- depth courses.

    Beginner courses are about importance of learning the nuances of global trading, understanding the advantages of binary options, carrying out the trade and eventually becoming successful at it, knowing the options of change and risk, emotions in trading and distribution of risk.

    Course selections is wide and there is a lot of useful information available.

    Advanced courses handledeeper issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics.In-depth courses deal with winning tactics, basic and advanced technical analysis.

    In addition to the various training options, Magnum Options provides an eBook to its traders that covers all the aforementioned issues and many other insights and details.

    If deluge of the learning and reading materials seem too weighty to handle, there is a solution which might be just for you: a fully automated binary option robot which can help you trade better. The Real Robot will perform automatic trading according to pre-determined parameters. This helps in profitable trade even when you do not have any access to a computer or do not have the time conduct manual trade. According to us, it is the best binary option robot available that can help you to trade successfully by placing actual trades on your behalf utilizing highly sophisticated signals system. The Real Robot is fully automated options trading software that aids you to earn more money with less work. Now you can get this auto trader completely free by clicking the button below.

    Mobile trading

    The SpotOption software makes it possible to trade through a mobile application when you’re on the go and not even near a computer. The mobile version of the platform allows to make the very trades and actions that the full version does.

    With mobile version you have access to your trades and thus you can place new trades from anywhere. Mobile version is accessible through the App Store and Google Play, and you must furnish your login before being able to start using the app.

    You can trade on the go with Magnum Options mobile app.

    Is Magnum Options a scam or a proper broker?

    Magnum Options has been around for over 2 years and their excellence is apparent. Their trading platform is properly build and designed to make the best trading experience in the industry. Is it the best available option? That, we cannot determine but we can say that comes extremely close to being the better options available at least. Trading with Magnum Options is straightforward and intensive. We have not found any indication of scams at this point of time and firmly believe that there are no fraudulent activities associated with this site.

    Customer service

    Magnum Options offers toll-free international phone line number. Live chat option is available on the site in real time and the support staff can also be contacted via email and a contact form. Chat replies are quite fast and in the test conduct by us, they were able to quickly help us with the problem that we simulated. Advices meted out by the staff were relevant and was of significant help. From our experience we could gather that Magnum Option is really keen on assisting their customers with the best of their abilities.

    Banking

    There are several deposit and withdrawal options that include multiple credit cards (Credit / Debit Card: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo) and wire transfer. Wire transfers have some additional fees and therefore, we recommend using the credit card as primary method. Notice that the bonus money has to be circulated according to the terms before the withdrawal.

    There are numerous banking options available.

    Conclusion

    As this review comes to an end, we will conclude that Magnum Options is not a scam broker. Their range of assets is comprehensive and everything related to actual trading is exceptionally clear and straightforward. Educational material is extensive and even amateurs can trade successfully when they understand the messages of the video courses. Magnum Options customer service is fast and accurately straight in case of any concerns. We recommend their broker services to traders belonging to any level be it beginners or professionals.

    In our overall verdict, we award Magnum options a rating of 4.7 points out of 5 as a binary options broker site.

    Open an account and start trading with Magnum Options by clicking the button below!

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Choice For Experienced Traders! 2nd place in the ranking!

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