Empireoption Review

Details

Broker Empireoption
Website URL www.empireoption.com
Founded 2010
Headquarters Stoney Ground, Kingstown VC0100, St Vincent & Grenadines
Support Number (+54) 11 5078 9783
Support Types phone , online help , email
Languages English , Spanish , Portugues
Trading Platform Web Platform
Minimum 1st Deposit 200$
Minimum Account Size 200$
Minimum Trade Amount 50$
Maximum Trade Amount depending on the instrument
Bonus No bonus
Leverage 1:300
Spread no spreads
Free Demo Account Open Demo
Fees Yes
Commissions Yes
Account Types Micro , Classic , Empire Plus , Preferential , VIP
Deposit Methods credit card , Skrill , Neteller , CX , others
Withdrawal Methods credit card , Skrill , Neteller , CX , others
Number of Assets 1000+
Types of Assets currency pairs, stocks, indices, commodities
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 72

EMPIREOPTION is an intuitive, secure, and revolutionary investment platform in the market, allowing its clients to perform operations with shares, commodities, indices, and currency pairs. Owned and operated by Baumann and Kraus Enterprises Ltd., the company provides access to an international transaction platform for FOREX/CFD negotiation. It offers a new way to deal with the financial markets, with lower risk margins. Clients only need to choose a peak to take profits and a peak for stop loss. Then they select the trend, either buy or sell and when the asset reaches one of the values the operation closes automatically.

Trading Platforms

The company offers only a proprietary trading platform which is web-based and does not require any software installation. You are still able to access your account from your computer, smartphone or tablet. The platform offers access to more than 1,000 financial instruments. However, it lacks most of the features you’ll find with most of the other brokers. Basic charts, no technical indicators, you can’t use expert advisors and there’s no access to news or the latest market developments.

EMPIREOPTION offers a different way of dealing with financial markets called CFD negotiation, which may not be suitable for traditional traders.

Regulation

According to the information available on the website, the company is owned and operated by Baumann and Kraus Enterprises Ltd. with its registered office at Stoney Ground, Kingstown VC0100, St. Vincent & Grenadines. There’s no mention about regulation, which means trading with it could pose serious risks for clients. Another negative aspect which should be mentioned is that the prices shown on the EMPIREOPTION platform are indicative prices and may not be the real-time market quotes. Combined with the lack of regulation or licensing, this means trading with EMPIREOPTION is risky.  The owner of the brokerage company is located on the island known as St. Vincent, not a very popular destination for companies from the industry.

Account Types

There five different account types available at the company: micro, classic, empire plus, preferential, and empire VIP. The minimum deposit for a micro account is $200 and goes as high as $30,000 for a VIP account. Among the most important features, we could mention EmpireTV, seminars, trade books, personal account executives and others. The features are very limited when it comes to micro accounts.

Promotions

EMPIREOPTIONS run special promos for holders of classic, empire plus, preferential,  or empire accounts. There is limited information on the website about this topic, which means you could find out more only by opening a trading account.

Pros and Cons

  • The company offers access to investment strategies.
  • Seminars and trade books for people who want to learn about the markets.
  • Special promos available for certain customers.

 

  • The company is not regulated by any important financial agency, which raises questions about its legitimacy.
  • EMPIREOPTION offers CFD negotiation services, which means that all the prices posted on the platform may not be the real ones.
  • Limited information available on their website regarding services and company.
  • Only one basic platform available with limited features.
  • No mobile platforms.

Educational Material

The company offers access to different trade books and seminars, as well as personal account executive or one-to-one meetings for those who want to learn more about trading.

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