ASKoption.com Review

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Established: 2015

Platform: Panda

Min. Deposit: $250

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Full Review

This state of the art, highly secured and reliable binary options broker, has been able to get a substantial critical mass of traders early on. This is in great part because of its social component. As a binary options broker, ASKoption is definitely at the top of the industry when it comes to social media. There has been a lot of outreach on Facebook and Tumblr, and the broker itself is well known as one of the leading social trading platforms in the binary options industry.

ASKoption is also a high payout broker. With payouts as high as 85% and no commission trading, this broker is also on the high end of the spectrum within the payout category. This, coupled with the high level of professionalism of its staff, makes Ask Option a great binary options broker to trade with. It certainly merits a deeper look.

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Panda Platform

ASKOption’s choice of the Panda platform matches its goal of being a social oriented broker. Given that most of Ask Option’s users spend a significant amount on time on social media like Facebook and Tumblr, Ask Option understood that the best trading platform for its target market would be one that not only enabled social trading, but also has the key elements that make social media sites like Facebook so user friendly.

Panda is also very well known for the clarity with which data is presented on its graphs. All the options are also clearly displayed, and even though it is a relatively new platform, its design shows a great level of understanding of the binary options industry. Its social feed is a great feature, and allows traders to figure out easily and instantly what other traders in the network are doing. This feature works precisely like Facebook’s news feed.

Deposits and Withdrawals 

ASKoption has a minimum deposit of $250, and the minimum amount needed to open a position is $15. Prospective traders can choose one out of a few different deposit options. Ask Option allows traders to deposit in a variety of different currencies, including the USD, GBP, EUR, AUD, and CAD. Deposits can be made using a credit card or via wire transfer. Neteller will soon be enabled for both deposits and withdrawals. As far as withdrawals are concerned, Ask Option will process them within a period of 3 to 5 business days after verifying the required documentation.

This is a key point that ASKoption understood it had to emphasize within the industry. Since the broker is concerned with the security of its customers’ funds, the staff takes every withdrawal with extreme caution. They check each withdrawal a few times over to make sure the right person gets the money and that there are no scams involved in the withdrawal process. This is another key element that makes ASKoption such a popular broker.

Customer Support and Education 

ASKoption offers support in 3 languages mainly: English, Arabic and Russian. The support teams work around the clock. Staff is available 24/7 by phone, email, and live chat to help traders with any issue that might come up. This is another key feature that has gotten ASKoption raging reviews on Facebook and other social media platforms.

As far as education is concerned, ASKoption is an industry leader. Every trader is provided with an ebook that covers all the fundamental information regarding binary options trading. There is also a large selection of video courses available on a wide range of topics that affect trading and trading strategy. There is also great educational content that covers advanced technical analysis. This will allow traders to adjust their trading strategies continuously as markets change.

Unique Features

ASKoption stands out for its social trading, thanks to the fact that it has a great amount of customers that are also heavy Facebook and Tumblr users. This feature also allows ASKoption to adjust the assets and types of trading features it enables on its trading platform. Through the information that its staff has diligently collected from forums, chats and Facebook groups, ASKoption decided to enable the Early Exit and Rollover features on its trading platform. This information also allowed it to understand which assets its customers are the most interested in. In all, ASKoption enabled over 80 assets to trade in.

Conclusion

Clearly ASKoption is one of the most interesting binary options brokers in the market today. Its strong focus on social media, especially Facebook and Tumblr, make it unique. From the customer’s perspective, trading with ASKoption feels like trading with a broker that actually listens to trader opinions. Just try it out and you will see why our staff keeps this binary options broker in such high regard.

 

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