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01Option Review 2019: Is it a Safe Broker to use?

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01Option is a binary options trading platform that enables users around the world to trade a variety of assets such as Forex, Commodities, Stocks, and popular Cryptocurrencies like Bitcoin, Ripple, Ethereum.

Founded in 2017 and operated by Banksmore Corporation Ltd (Founded in 2014), the site has quickly become one of the fastest-growing binary options trading platforms.

01Option is also based in the UK and Seychelles and regulated by the Seychelles Securities and Exchange Commission, the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in Europe, Middle East, Asia/Pacific, Latin America, and Africa.

01Option at a Glance

Broker01Option
Regulation Seychelles Securities and Exchange Commission
Minimum Deposit$10
Free Demo AccountYes (unlimited balance)
Asset CoverageCryptocurrencies, Stocks, Currencies, Commodities
Trading PlatformsWeb (based on Tradingview charting library)

01Option

01Option Demo Account

Like many options brokers, 01Option offers a free demo account. However, 01Option’s demo account stands out because you do not need to provide personal information before using it and there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading strategies.

The 01Option demo account includes $10,000 virtual money. If you use all of those funds, you can easily reset your balance and continue to practice your trading strategies.

01Option Real Accounts

01Option requires a low minimum deposit and traders can start off by just depositing $10 to their main account. This account provides access to over 50 assets and users can request withdrawals that are processed within 12 hours.

Charting Tools and Indicators

To ensure traders can get the most from the 01Option trading platform, the broker offers a long list of charting tools and indicators that can provide insights and help clients craft their trading strategies.

01option-indicators

With the indicators on 01Option, you can spot trends and better identify potential trades that will lead to profit. 01Option offers 144 indicators that are available via the charting interface.

01Option Customer Support

01Option allows users to contact the support team via email, contact form, and a chat function. The site claims to respond to all queries within 1 minute and aims to resolve all tickets within 20 minutes. There are currently around 43 customer service specialists on the team.

Is 01Option a Scam?

Most online reviews from customers of 01Option are positive. we found an overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.

In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high-quality website and trading software.

Is 01Option Safe?

In addition to practices such as maintaining segregated accounts for client funds, 01Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting 01Option supply added protection of both client funds and information.

Conclusion

01Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.

Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.

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