Home » Brokers » Sycamore Options » Everything You Need To Know About Sycamore Options Binary Broker
Everything You Need To Know About Sycamore Options Binary Broker

Everything You Need To Know About Sycamore Options Binary Broker

In order to be a part of the exciting world of binary options trading, you need to sign up with a reputable and reliable binary options broker so that you can gain access to an online trading platform. While you are not spoilt for choice when it comes to brokers, Sycamore Options is a top choice.

Let us briefly review this broker and then we will move on to explore the superior trading tools and features that Sycamore Options offers novice and professional traders worldwide.

RATE OF RETURN Up to 75%
REBATE 0 – 10% Rebate
ACCOUNT TYPES Standard Account
ACCEPTED CURRENCIES US Dollar, Euro and British Pound Sterling
ASSETS INDEX Stocks, commodities, currency pairs and indices
WITHDRAWAL FEES Up to $35 withdrawal fee
DEMO ACCOUNT No
ACCEPTS US TRADERS
MOBILE TRADING No
REFERRAL PROGRAMS Refer-a-friend – $50 Bonus

Website and Trading Interface

From the moment you enter the Sycamore binary options website, you will notice the simple yet sleek design. The site is easy to navigate even if you are new to online trading and everything you need to start trading binary options can be found on the homepage. This includes the trading platform, FAQ’s, live financial news, asset index, live chat, banking, terms and conditions, market reviews and much more. The trading platform is also accessible from the homepage and since it is 100% web-based, no software download is required. The website is also offered in 11 different languages catering to traders worldwide.

sycamore options broker

The Sycamore Options trading platform offers four trade options including standard binary options, One Touch, Option Builder and 60 Seconds. Detailed information is also provided on the site explaining how to trade each option and if you click on the ‘Learn More’ tab on the trading platform, you will be redirected to a step-by-step explanation on how to trade on the site. The broker also offers some risk management tools on the trading interface such as Rollover, Double Up and Sell and these enable traders to reduce the risk of trading while increasing the profits. The Rollover feature enables you to extend the expiry time of an existing trade and this is a great feature to use when the asset you are trading in requires some more time to reach the desired rate. The Double Up feature enables you to create a duplicate of an existing trade and this is a powerful tool to use when you can see that an existing trade is probably going to end in-the-money. With the ability to create a second successful trade, you could earn double the profits. As we all know, trading involves risk and there are some times when a trade will end out-of-the-money. The Sell feature enables you to sell an existing trade back to the broker before the expiry of the trade. While you will lose some of your initial investment amount, the Sell feature prevents you from losing your entire investment. My first impression of Sycamore Options is that this broker offers an intuitive and user-friendly trading platform that provides all the tools and features needed to succeed in binary options trading. Let us move on now to review the other services that they offer.

Assets

sycamore assets

When you trade binary options, you should have access to a wide selection of assets to trade in and Sycamore Options won’t disappoint you in this area. From the homepage of their website, you can access their Asset Index. Here you will see that they offer 34 stocks such as Nissan Motors, Google, Barclays; 15 currency pairs such as USD/CAD, EUR/USD, EUR/GBP; 28 indices such as Nasdaq, Dow Jones, Nikkei and 7 commodities such as wheat, platinum and gold. The asset index also provides you with detailed information on each asset including the Reuters code of the asset, the expiry rule and the trading hours. When you are trading on the trading interface, a full list of assets is also available in an easy-to-use dropdown box enabling you to select an asset during trading with ease.

Let’s move on now and open a trading account with the broker.

Open An Account With Sycamore Options

From the homepage of the Sycamore Options website, you can open a trading account. There is no fee for signing up with this broker and I was able to open an account with ease. The initial registration form required basic information such as my full name, location, email address and contact telephone number. At this stage, you can also request to speak to a trading coach. Once I submitted my details, I was redirected to another registration form which required me to select an account password as well as the trading currency of my choice. Here my options included US Dollars, Euro and British Pound Sterling. Once you have made this selection, you cannot change it at a later stage so make sure to make this selection carefully. Once I had agreed to the terms and conditions and submitted my information, my trading account with Sycamore Options was opened. Literally within minutes I was able to open a trading account with the broker and I noticed that they only offer one standard type of trading account. Sycamore Options also does not offer a demo trading account.

While it is free of charge to open a trading account with this broker, you have to make a minimum deposit of $200/ €200/ £200 in order to use the trading platform and Sycamore Options offers a selection of banking options which we will review now.

Banking Options

This Sycamore review focuses on both the pros and cons of this broker and I found that there were minimal banking options in order for me to make a deposit into my trading account. These included credit cards such as Visa, MasterCard, Diners, Delta, Maestro, Maestro UK (Switch) and Solo, debit cards and wire transfers. In order to withdraw funds from your trading account, you can only make a minimum withdrawal of $100 and a maximum of $5,000 and the broker charges a fee of $35 for each withdrawal transaction. On the upside though, Sycamore Options processed my withdrawal request within 5 business days. It is important to note that when you request your first withdrawal, you will need to submit identifying documentation to the broker such as a copy of your ID or passport, a utility bill as well as a copy of the front and back of your credit card. While I was a little surprised by this request, I like the fact that the broker took the extra step to ensure the security of my trading funds. So let’s move on now to the rate of return.

Rate of Return and Bonuses

Broker pointing asset sales area of stops loss

Sycamore Options offers a rate of return of up to 75% on trades that end successfully or in-the-money. They also offer a 0-10% rebate on trades that end unsuccessfully or out-of-the-money. You can also earn over 600% return on the One Touch trade option and the added benefit of this trade option is that you can trade on the weekends. Sycamore Options is also currently offering a 100% welcome bonus which means that when you make an initial deposit of $200, the broker will give you an extra $200 to trade with, in your trading account. There are very specific terms and conditions which apply to this bonus which can be found in the broker’s terms on the website so make sure to read this information carefully before accepting the bonus.

Another bonus offer provided by Sycamore Options is their Referral Bonus. That is, this broker rewards loyalty and for every friend that you refer to them who opens an account and makes the minimum deposit of $200, both you and your friend will each receive $50 in your trading accounts. There is also no limit to the number of friends you can refer to the broker.

Let’s move on now to the educational trading tools available on Sycamore Options.

Educational Trading Tools

Whether you are new to binary options trading or a seasoned professional, having access to a selection of education trading tools can help to boost your trading success. Sycamore Options offers a wide range of educational tools such as daily and weekly market analysis, information on fundamental market analysis, a FAQ’s section which covers important topics such as trading, accounts, trading platform and more as well as a comprehensive dictionary covering important trading terms. The broker also offers detailed information on how to trade including details of how to trade each trade option. On the homepage of the site, you also have access to live market news from CNBC Finance which is a great way to keep updated with market movements. But there is more.

If you click on the Education tab on the homepage, you will be redirected to the Sycamore Options education center which offers binary videos on demand. These videos are divided into three sections namely, beginners, advanced and our platform. Some of the videos covered in the beginner’s course include course introduction, binary options advantages, chance and risk and more whereas the advanced course covers important topics such as market analysis types, support and resistance as well as many videos on advanced trading strategies. The ‘Our Platform’ course offers videos on the different trade options available on the Sycamore Options trading platform. The education center also offers a selection of articles on binary options trading as well as an eBook which teaches one how and when to trade, tips for successful trading, essential concepts and terms and more. There is also an extensive training section which provides detailed training videos on an introduction to binary options, trading psychology, market analysis and financial management. The added bonus regarding the wide selection of educational trading tools is that all these facilities are available free of charge.

With all these added features, I decided to check just how secure it is to trade with Sycamore Options.

Safety

When you trade online, the first concern you should have is how safe is your money as well as your personal and financial information. Sycamore Options addresses this in their FAQ’s where they assure traders that they use an internationally accepted security Secure Sockets Layer (SSL) system that encrypts all credit card payments over the web. Since this system is automatic, your details are protected and if your browser does not support this security measure, you will receive an instant notification.

With peace of mind that my personal and financial information was secure, we can now move on to the customer support offered by the broker.

Customer Service and Support

From the homepage of the Sycamore Options website, you can contact them via Live Chat. I tested this option and received an immediate response. The broker also offers contact via email, fax and they offer 18 contact telephone numbers around the world such as in the USA, Turkey, Germany, South Africa, France, Cyprus, Canada and more. Making contact with the broker is easy to do and their staff is professional and well educated in binary options trading.ноутбуки intelqlikview ценапродвижение сайта на яндекседоска яктratingfxколяски для кукол купить украинареклама интернет магазина

In order to be a part of the exciting world of binary options trading, you need to sign up with a reputable and reliable binary options broker so that you can gain access to an online trading platform. While you are not spoilt for choice when it comes to brokers, Sycamore Options is a top …

Review Overview

Ease of Use - Intuitive trading platform with wide variety of trading tools - 95%
Welcome Bonus - Up to 100% Match Bonus - 100%
Minimum deposit - $200 - 95%
Minimum Trade - $25 and $5 on 60 Seconds - 90%
Trade Options - Binary Options, Option Builder, One Touch and 60 Seconds - 80%
Banking Options - Credit card, Debit card and Wire transfer - 70%
Trading Platform - SpotOption – No software download required - 100%
Customer Support - Live Chat, Email, Fax and Telephone - 100%
Educational Tools - Videos, eBook, Daily and Weekly market reviews and more - 95%
Languages - English, Arabic, Russian, French, Spanish, Italian, German, Japanese, Chinese - 90%

92%

Summary : There are many Sycamore Options reviews on the Internet and some consider the broker to be a scam while others have many complaints regarding the broker’s services. By investigating this broker myself and evaluating the trading platform and the variety of trading tools they have to offer, I am confident in saying that Sycamore Options is a top binary options broker that has a wide selection of superior features that will help a trader to succeed and profit in the online trading world.

User Rating: Be the first one !
92
Loading Facebook Comments ...
Scroll To Top
Dog