Verum Option – honest trading platform review

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!

VERUM OPTION a review of binary options broker that moved to forex&CFD

✅ This Trading Platform is available in Russia

UPDATE: On January 18, 2020, Verum Option suspends trading in binary options and moves to a CFD trading instrument

Verum Option is a brokerage company that offers binary options trading since its foundation in 2020. It always provides only the best conditions. Broker is focused on every market participant, whether trader-novice or serious player of the binary options market. This broker keeps up with the time and quickly gains its popularity both in the postsoviet countries and the whole world. After all, keeping as the basis of western technologies of the brokers, which have been already proven, Verum Option has simply added its own developments.

Verum Option is licensed and regulated by FMRRC, that serves as a guarantee of security of the broker. The trading platform Verum Option mainly stands out for its performance. In other words, the trader can rely on high speed execution of transactions. In addition, it offers a large amount of trading assets 200+, 7 types of options with a different expiration dates and high percentage yield. It also provides the opportunity to double down on the time of open position and extend the option exercise period. The broker encourages with its rapid funds withdrawal without “unnecessary questions”. Customers of this broker can be traded using a mobile app for iOS and Android.

Trading platform — Verum Option

Minimum deposit — $5

Minimum investment — $1

Maximum investment — $1000

Return — up to 20% – if trader loses initial deposit

Demo account — YES

Assets — 200+ (currency, commodities, indices, shares)

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!

Instruments — BINARY, PAIRS, LONG TERM, 60 SEC, ONE TOUCH, LADDER, J LADDER and CFDs (contracts for difference)

Types of funding — VISA/MasterCard, Robokassa, Qiwi wallet, Yandex.Money, WebMoney, RBK Money, Bank transfer and also via mobile phone

(!) Broker Verum Option does not provide services for binary options trading for the following countries:

Iran, Syria, Japan, North Korea, United Kingdom, United States and the Canadian provinces of British Columbia, Quebec and Saskatchewan.

REGISTRATION AND TRADING ACCOUNT FROM VERUM OPTION

To register and open a trading account you have simply to go on the web site verumoption.com click on the button “Register”, then fill in the required fields of the registration form. After screen will display a window with a password, which is also repeated in the letter sent to the previously specified user email address. Then you will be redirected to your account using which you will be able to trade binary options, withdraw funds and to look through the history of you previous deals.

Everyone are offered to open Demo account at Verum Option. This is possible by contacting the customer support of the broker. This “study account” supports exactly the same trading conditions as real. Although, given the small amount of starting deposit equal to $5 and the minimum investment – $1, you can safely test the platform and practice with real money.

In addition to Demo and usuall accounts Verum Option developed the VIP Group. The trader will get 2% more profit with options to all the underlying assets, becoming a member of this group. The broker also provides a personal account manager. The manager helps and consults a trader at any time of the day. Members of this group can rely on maximum investment from classic options in the amount of $3000 when the usual – $1500.

As a bonus Verum Option will provide every trader with a gift in honor of his birth day, without the risk of the transaction in the amount of $10. But please note that in order to apply and become a member of VIP Group, trading account must contain the sum of at least $1000.

BASIC ASSETS

Verum Option offers a large selection of assets to trade on binary options, which are divided into 4 main categories: currency pairs, securities, stock indices and commodities.

Currency pairs: 30 pairs (USD/JPY, AUD/USD, USD/TRY, USD/CAD, EUR/JPY, AUD/USD, BitCoin/USD, BitCoin/SPA, etc.); Cryptocurrencies: Bitcoin, Etherium, Litecoin, Dash.

Securities: shares of 114 companies (NINTENDO, GAZPROM, APPLE, GOOGLE, COCA COLA, etc.); the Futures of 17 pieces (the NASDAQ FUTURE, BOVESPA-F, DOLLAR INDEX F., BITCOIN FUTURE, etc.); Government securities (U.S 10 YEAR NOTE, U.S 30 YEAR NOTE, GERMANY 10YR BOND, GERMANY 10YR BOND).

Stock indices: 41 (TADAWUL, DUBAI, NASDAQ, DOW, DAX, DOLLAR INDEX-DEC16, etc.).

Raw market materials: 14 commodities (GOLD, SILVER, PLATINUM, SUGAR (11), WHEAT, OIL, CORN, PALLADIUM, etc.).

TRADING CONDITIONS

It is worth noting that Verum Option offers traders a really good trading conditions. For example, the minimum deposit is just $5 with its minimum further replenishment equal to $5 dollars. At a time when the minimum investment in trading instruments is $1. This “threshold” we find a really low and affordable for beginners. At the same time, it allows experienced traders to use trading strategies that have a high level of risk. Also, for all those whose trading tactic is based on fundamental analysis, broker has developed section with an informative economic calendar.

Verum Option also offers a “win back bonus” for each replenishment of the trading account. And in order to use this bonus, the trader need to use the promo code which he can obtain by contacting customer support. After receiving this code, it must be entered during replenishment on the broker web site of in a specific field.

INPUT AND WITHDRAW OF FUNDS

For replenishing a trading account you can use such payment methods as: VISA, MasterCard, WebMoney, Robokassa, Yandex money, Qiwi wallet, RBK Money, Bank transfer, in addition, it is possible to recharge account via mobile phone.

The minimum deposit is equal to $5. But it should be remembered that the funds are credited to trading account with a fees in the amount of 3.5-5%, according to the chosen method of replenishment. In addition, the funding is available only in USD.

Regarding to withdrawal, the procedure will certainly be accompanied by the clarification of the desire of conducting this operation and the amount of withdrawal, by the managers from customer support. Cash replenishment requires commission payment, but less than during withdrawal. It to lasts from 1 to 5 working days, and the processing time is from 1 to 3 days. But in reality the withdraw of funds is much faster than the specified time.

It is also worth to consider the following points:

— If the minimum investment amount is 10$, then you won’t can trade as the experiment with fail, without lossing initial deposit – $5.

— The withdrawal amount will be debited in USD, when you use any available withdrawal method, except the Bank card. At a time, when replenishment occurs in RUB.

TRADING PLATFORM VERUM OPTION

To familiarize with the Verum Option trading platform. You simply need to choose the tab “Trading platform”, which is placed in user’s personal account. This platform interface is intuitive and easy in use, which optimally suits for beginners. The platform offers 7 types of option contracts, that offers trader to enter into deals with a duration from 30 seconds and up to 1 year. In other words, the trader chooses from popular trading instruments — Binary / Long / Term / 60 Seconds, and to rather rare — Pairs / One Touch / Ladder / J Ladder. Also the platform has the additional option – CFDs. The last one are characterized by non-fixed profit, with proper use of leverage. It gives the opportunity to earn good money on high price fluctuations of the basic asset.

BINARY is a basic contract that is profitable with the right traders forecasts about the quotations movement of the basic asset over a certain period of time.

PAIRS is a type of binary options, which includes an asset consisting of two instruments.

ONE TOUCH – option which is characterized by a yield above 400%. For profit, it must pappen the touch of asset price and the specified strike level.

LADDER – implies that the trader sets a five strike levels to which the price of basic asset may relate during the period of the transaction.

J LADDER – trader sets the profit percentage, as a result, indicates the distance between the start level of the transaction and the strike price.

CFDs are contracts for difference, where the expected income depends on fluctuations value of the asset at the market.

A special feature of this platform are also tools for easy and profitable trade. For example, using Limits, the trader can open pending orders at a predetermined price level. In turn, the Strategy Advisor will help to predict the price trend using three technical indicators without the need of working with indicators the trader’s hand.

Verum Option trading platform also contains “Profit Follow copying service”. So, everyone can use the knowledge and experience of best traders for personal gains. It is possible by copying their actions and get a profit. The trader opens rating of a top traders depending on the asset, and chooses whose signals he wants to copy. After he sets settings for copying, such as: 1) the copying period of the selected top trader; 2) the amount of the investment on each individual deal; 3) the investment limit — the maximum amount of investment in each transaction are copied from the selected top trader.

TRAINING

Verum Option web site contains all the necessary information of the trading binary options principles, basic trading strategies, the characteristics of option contracts types and step by step instructions for completing transactions. We have also devoted a compilation of training videos about binary options trading tactics, the nuances of analyses of macro-economic news, as well as the patterns of quotations movement of the basic assets. Additionally, trader can find interview with top traders there. Also, he can contact with the cusstomr service online or by ordering a free call and get qualificated advice.

CUSTOMER SUPPORT VERUM OPTION

Operational customer support of Verum Option provides each customer with a personal manager. The manager provides comprehensive support and consultation. Also everyone can use online support directly by entering your contact information in the pop-up box operator on the web site. In addition, it is possible to contact via phone and/or send the message by filling the feedback form.

Verum Option (No Binary Options) Review

Verum Option (No Binary Options)

Broker Verum Option (No Binary Options)
US Traders Accepted
Company Name Coylton Services LP
Headquarters Scotland
Regulation No
Max Payout 95%
Out-of-Money Reward 0%
Trading Platform SpotOption
Deposit Options Credit/debit cards, UnionPay, Payboutique
Deposit Currencies US dollar
Minimum Deposit $5
Minimum Trade $1
Maximum Trade $1,000
Online Since 2020
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 207
Binary Option Types High/Low, Long Term, 60 Seconds, One Touch, Ladder
Customer Support Types Web form, phone, live chat
Education Offered Basic how-to pages, video tutorials for platform/basics
Tools Offered Economic calendar, social trading, double up, rollover
Awards
  • Best Binary Broker 2020 from ShowFX World Forex Exhibition
  • Best Binary Broker 2020 from MasterForex-V Expo
Languages English, Russian, Arabic
Demo Account No

From January 18, 2020, Verum Optionis no longer offering binary options, operating solely as a CFD trading broker. The review below is no longer applicable and is presented for archive purposes only.

Verum Option is a binary options broker based in Scotland and owned by a company called Coylton Services LP. This broker appears to have won several awards, but they are all from very minor websites. They have one feature which is appealing, which is that you can trade on the site with very little money. Conceivably, this could make it useful for training purposes. This is not a broker that I would recommend however in any other respect. The website is poorly designed and contains a lot of pushy or misleading copy. Verum Option also offers very little in the way of useful trading features.

Poor Site Design

Before I talk about features, I want to discuss how poor the navigation is on the site. One of the most annoying things about it is that a number of pages (About, FAQ, Education, etc.) are located in a menu which is only available on the homepage and cannot be accessed from any of the other pages on the site. Additionally, there is no way the right click and open these pages in new tabs, so you must constantly go back to the main page to get to any of the other pages.

When I tried to open an account on the site, I encountered an error and was unable to progress any further. This is not encouraging.

Dubious Copy

Another thing that bothers me about this site is that the copy is often misleading. For example, on the about page, the company proudly says that it has FMRRC and CRFIN certificates. To be fair, if you actually read what these are, it is clear that they are not actual regulatory certificates, and are offered through independent organizations. But they are presented in such a way that this would be easy to miss if you were not in the know about how the binary options world works.

The site also makes a number of questionable promises both through images and words. On the home page is a picture of a trader sitting on the beach with the caption, “You can be 100% sure in your funds safety when you trade with us.” While this is probably a reference to encryption, a newbie trader could easily think it somehow equates to risk-free trading. The slogan at the top of the homepage says, “You are just in one step to multiply your money.” This is also misleading (as well as ungrammatical), as there are many steps involved in becoming a trader who is actually successful.

These are just a couple of examples. As you can see, there is really nothing strictly dishonest here, but this broker looks to be capitalizing on the ignorance of rookie traders who could use a little more guidance. This does not instill confidence.

Few Features, Little Transparency

When you open an account on Verum Option, there are no account types to choose from. The minimum deposit is only $5, which is just about the only exciting thing about this site. You can trade as little as $1, which means that you can effectively use Verum Option almost like a demo account. Note that there is no actual demo account on the site. You can trade on your mobile device. Aside from that, features are quite limited. Double up and rollover are both available but early close is not. Social trading and an economic calendar are also offered.

What about fees and withdrawal policies? The only account currency which appears to be available is US Dollar. You can deposit using credit or debit card, UnionPay, or Payboutique, but you may only withdraw using your card. There is a $10 minimum withdrawal threshold, which is not too terrible. Fees are mentioned rather nebulously on the terms and conditions page, but no dollar amounts are specified. Verum Option does not score high marks for transparency.

On the bright side, there are more than 200 assets available to trade, including currencies, commodities, stocks, and indices. This is quite an ample selection. Types of trades include High/Low, Long Term, One Touch, 60 Second, and Ladder—again a good selection. As mentioned earlier, the minimum trade size is just $1. The maximum trade size is $1,000. A lot of brokers will start you out at $10-$25 per trade, so you can see why $1 is a nice benefit.

Lacking in Resources

Verum Option supposedly offers an educational center, like most binary options brokers. This area on the site is not all that great, however, since it consists of little more than a few very basic pages about binary options trading, along with a set of video tutorials that introduce rookie traders to the concept of binary options and the platform, but do not actually delve much into the art of trading. There are however a few useful videos under the “Advanced” tab.

As far as customer service goes, you can access the team through a web form, live chat, or telephone. No one was available at the live chat desk when I checked, but it was a Sunday, so I cannot draw any conclusion regarding the quality or availability of the service. I am not encouraged however by the lack of transparency throughout the site. Good customer service starts with strong site design and an abundance of resources which are readily accessible.

All in all, I was quite unimpressed by Verum Option. I cannot say with any certainty that this is a worthless site, and I actually think it could work well if you are looking for an alternative to a demo account before you fund a real account at some other broker site with a substantial sum of money. You could practice trading with just a few dollars and get a feel for the experience.

Further than that, I would recommend avoiding Verum Option. Whoever put this site together left in a state where it feels largely unfinished. This broker appears to be out to make a quick buck by preying on novices who have been mislead into thinking that trading is easy.

Verum Option (No Binary Options) , 8.3 out of 10 based on 6 ratings

Verum Option Review

The binary options market is rapidly growing, and companies providing services to trade in this market is now quite a lot. But of all the brokers attracts special attention the company Verum Option: the broker, who managed to win widespread popularity among traders.

Thus, the company was founded in order to provide the opportunity to earn the most modern and easy way to forever change the perception of earnings in the financial markets. Indeed, Verum Option can make very fast, easy and convenient.

Verum Option Features

Registration in the Verum Option is very simple and take from you just a few minutes. To do this, you need to fill out a short registration form:

Once you have registered, you will receive access to your personal account and trading platform. If you are trading with a PC or laptop, you don’t even need to download the platform, since it is available in the web version directly on Verum Oprion site. You can also download a platform on your smartphone and make deals with the options at any time and in any place.

As you can see, the platform has a nice and intuitive design, it is very easy to understand even for a beginner.

There are more than two hundred marketable assets, as well as 7 types of options, on each of which is to say a few words, because you’re probably wondering what kind of business opportunities offers broker.

  • Classy Binary Options – classic “up and down” options (you just need to specify the direction of the price).
  • Pairs – pair options trading two assets at the same time (for example, gold and silver, and Apple shares Alphabet).
  • Long Term – are options with longer expiration (several days).
  • 60 Sec – the best short-term options with the expiration of 30 seconds to 5 minutes.
  • One Touch – options, the essence of which is that the price of an asset at least once before the expiry Expiry touched specified price level.
  • Ladder – one of the most interesting kinds of options, a kind of exotic to more experienced traders. The amount of profit depends on how price levels (steps) will take asset price.
  • J Ladder. or Japanese ladder – something similar to the previous type of option, then only the level of prices and, consequently, profit margins, you define yourself.

As you can see, the choice is huge, and it does not matter who you are, beginner or professional, you will be able to accurately find the tool to get high profits. The mere fact that in the Verum Option can be as little as a minute to double the investment, says about how easily and quickly you can earn on the options!

The platform also has another interesting service – “Profit Follow”. It Autobackup transactions, which will allow you to make a profit in the options market is not trading on their own. Choose the best professional traders of the rating of the company (as in the picture below) and a copy of the transaction on your account. It turns out they sell, and earn you. It is very convenient for busy people and those who are looking for the additional passive income.

Deposit and Withdrawals

One of the most pleasant moments in collaboration with the Verum Option – is the size of the initial deposit. The minimum deposit is only $ 5 (see, everyone can afford this amount), and the minimum amount of the deal – $ 1. Now trading options, one of the fastest and most convenient ways to make money, is now available to everyone!

Recharge your account or to withdraw money in Verum Option is very easy. The company cooperates with the best international payment systems, so you can be not worry about your money: they will come exactly as intended, and no any problems with payments and or delayed here..

And the broker offers a very profitable partner program, or rather not even one, but two. The first is called “Revenue Share”. For attracting new clients to the partner company pays 70% of its profits, which will be formed due to the trading activity of these customers. A second program – a three-level refereal program to attract new partners. A second program – a three-tier referral program to attract new partners. There is a fee of 10% of the amount of compensation of partners of 2nd level, and 5% of the amount of remuneration of partners of the 3rd level. In general, the potential for additional income is very, very attractive.

Of course, the company’s achievements have not gone unnoticed with all sorts of specialized experts. On account Verum Option already have three valuable awards from the Masterforex-V EXPO, IAFT Awards and ShowFx World.

And the company has two certificates organizations implementing financial market regulation: CRFIN and FMRRC. This suggests that the most serious intentions broker and the company really cares about its customers to work in a transparent and favorable terms.

Is Verum Option a good broker?

In general, Verum Option can we give 10 points from 10 and recommend a reliable and long-term broker for quick and easy money on the binary options market.

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!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: