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Will Beeoptions Provide You With A Sweet Online Trading Experience?

When I was first asked to write a review on beeoptions, I was a little hesitant since I had only heard very little about this binary options broker. I searched online to find other beeoptions reviews and was quite amazed by the fact that they are recognized as one of the leading brokers in the industry today. While there were some complaints as well as a site claiming that beeoptions is a scam, the overall impression was that this is a top broker offering a cutting-edge trading platform and superior trading tools. With all this information in my mind, I was quite excited to investigate this broker myself and to see if it deserves the recognition that it has.

Website

My review starts with a visit to beeoptions.com. My first impression is that this broker is offering an easy-to-use website that provides all the features, tools and services that both novice and professional traders need in order to trade options effectively. On the homepage of the site, you can open an account, access their blog, view a guided tour, contact the broker via live chat and much more. You can also review the trading platform which is a big plus since it allows you to clearly see what beeoptions has to offer when it comes to trading online. The website is offered in five languages including English, German, Spanish, French and Russian which is a clear indication that the broker caters for traders worldwide. So far I am impressed and now I am going to test the process of opening an account with beeoptions.

Opening An Account

On the homepage of the broker’s website, there is a short registration form which requires you to enter your full name, country, email address and contact telephone number. Once you submit this data, you will be redirected to another registration form. Here you are required to select a password for your trading account as well as the currency. Once you make this selection, you cannot change it at a later stage and your choices are the Euro, US Dollar, British Pound Sterling, Australian Dollar and the Canadian Dollar. Once you have accepted the terms and conditions and submitted this information, your trading account is open. The whole process only takes a few minutes and beeoptions does not charge any fee to register a trading account with them.

Beeoptions also caters for the wide variety of traders and based on this, the broker offers a selection of account types including:

  1. Basic Account
  2. Gold Account
  3. Platinum Account
  4. Diamond Account
  5. Executive Account

Each type of account has unique features and benefits which we will explore now.

Basic Account

As the name sounds, the Basic Account requires the basic beeoptions minimum deposit amount of $250 up to $499 and in return, the broker will give you their eBook as well as an investment guide.

Gold Account

This account type requires a minimum deposit of $500 to $2,499 and it has been designed to increase a trader’s success and profits. Beeoptions provides Gold Account holders with access to their exclusive training materials as well as one-on-one assistance. This account also provides a 100% investment bonus, 2 risk free trades and a personal account manager. As with the Basic Account, Gold members will also receive the beeoptions eBook and investment guide.
Another excellent benefit of the Gold Account is that if you make an initial deposit of $500 or more, the broker will provide you with access to their demo account. This is a training or practice account that enables you to practice trading binary options in a live trading environment without the risk of losing any real money.

Platinum Account

In order to be eligible for a Beeoptions Platinum account, you will need to make an initial minimum deposit of $2,499 to $9,999. In return, the broker will give members one free month of Auto trader as well as a one-on-one trading session with a senior analyst. Platinum members also get the same benefits as Gold members except the welcome bonus is 125% and traders will also get two risk free trades.

Diamond Account

To qualify for a beeoptions Diamond account, you will need to make an initial deposit of between $10,000 and $25,000. In return you will receive personalized trading advice as well as a 150% welcome bonus. With the same benefits as Platinum members, Diamond account holders also receive three risk free trades, increased payouts on selected assets as well as a free iPad. You will also receive the beeoptions Advanced Trading Guide.

Executive Account

As the name sounds, Executive account holders will be treated like top-class executives and they will receive an exclusive bonus, unlimited consultations with top analysts and a tailor-made trading account package as per the trader’s requirements.

Since I am definitely not in the Executive Account league, I deposited the minimum $250 requirement and immediately gained access to my Basic trading account.

So you might be wondering what banking options this broker offers so let’s review this.

Beeoptions Withdrawals and Deposits

This broker offers a selection of banking options including credit cards (Visa, American Express and MasterCard), wire transfer, and the Beeoptions ePayment card. Withdrawals can be done using the same banking options but before you make your first withdrawal, you will need to provide the broker with identification documents so that your details can be verified. This includes proof of identity such as a passport, proof of address such as a utility bill, a signed credit card authorization form as well as a copy of both sides of the credit card reflecting the last four digits of the card.

Beeoptions processes all withdrawals once a week on Thursdays which means that you need to request your withdrawal by no later than 12:00pm GMT on Monday. Another very important point to remember is that if you have made an initial deposit of $500 or higher, you will not be able to trade until you have sent the required verification documentation. The broker requires that all traders verify their account and identity within 3 business days of opening their trading account. If not, your account will be placed on hold until you have provided the correct documentation. The broker also has a minimum withdrawal amount of $200 for wire transfer and $100 for other payment methods such as credit card. In terms of withdrawal fees, beeoptions charges $50 for wire transfers, $35 for credit cards and $25 for ePayments. They do however allow one free withdrawal per month and if you check on the homepage of the website, it states’ No Hassle Withdrawals Guaranteed’ so this should give you peace of mind that your money is in safe hands.

Right, now that we have covered the banking options, let’s move on to the trading platform.

Trading Platform

The beeoptions trading platform is powered by SpotOption and it is 100% web-based which means that you do not need to download any software in order to trade. The trading platform is intuitive and easy to use and the broker offers a wide selection of trade options. These include the standard binary options trade option or High/Low, Long Term trade option, 60 Seconds, One Touch and the Pairs trade option. The view of the interface can be customized based on your preferences and you can choose to view the trades as cubes, graphs or rows.

On each trade, the expiry time and payout rates are clearly defined so you know even before you make an investment how much you stand to win or lose. The minimum investment amount is $5 for 60 Seconds, $25 for High/Low, Long Term and Pairs and $50 for the One Touch trade option. The maximum trading amount is $500 for 60 Seconds and One Touch and $2,500 for the remainder of the trade option types.

Beeoptions also offers their traders risk management tools such as Rollover, Double Up and Sell. The Rollover feature allows you to extend the expiry time of an existing trade which is an excellent tool to use if the asset you are trading in requires extra time to reach the desired rate. The Sell tool allows you to sell a trade before the expiry time. This is an effective tool to use if you see that your trade is going to end out-of-the-money and you now have the opportunity to recover some of your initial investment amount. The Double Up feature enables you to create a duplicate of an existing trade giving you double the opportunity to have more than one trade that ends in-the-money.

To be honest, until now I am highly impressed with beeoptions and what they have to offer their traders. Let us move on now to the assets you can trade in.

Assets

Details of all the assets you can trade in can be found on the beeoptions trading platform. The broker also provides you with a full asset index on their website which gives you detailed information on each asset including the trading hours and days, the asset trading code and the expiry rule. Beeoptions offers 66 stocks to trade in such as Vodafone and Wynn Resorts, 37 indices such as S&P 500 and Nasdaq, 17 currency pairs such as USD/SGD and GBP/JPY and 7 commodities such as corn and gold. This is quite an impressive number of assets and it provides traders with a good selection to trade in.

Rate of Return, Bonuses and Promotions

Most people trade so they can make money and beeoptions will help you on this quest by offering a payout rate of up to 85% on trades that end in-the-money. The broker also provides a 0-10% rebate on trades that end unsuccessfully. You can also make a return of up to 600% on the One Touch trade option so making money with this broker is possible.

In terms of a welcome bonus, we covered this in the different account types and to summarize, the broker provides a 100% to a 150% welcome bonus. There are strict terms and conditions that apply to these bonuses so make sure to check this on the website. Once you accept the bonus money, you will be required to execute a minimum trading volume of the bonus amount plus your initial deposit thirty times before you can request a withdrawal.

Beeoptions also has a refer-a-friend bonus which will give you and your friend $50 each if your referred friend signs up with the broker, makes a deposit and a trade. There is no limit to the number of friends you can refer to the broker.

There are many promotions also offered by this broker and they are currently offering a Weekend Special which states that if you make a deposit over the weekend (Saturday or Sunday) of up to $1,000, the broker will give you up to 250% welcome bonus. Beeoptions also has a Cruise Ship Giveaway promotion where the first prize is a cruise to the destination of your choice to the value of $3000. The second prize is an iPhone 5S and the third prize is a $500 bonus deposited into your trading account. If you deposit $500, you will receive one entry ticket, for $1,000 deposit you will receive three entry tickets and for a deposit of $2,500, the broker will give you eight entry tickets.

It is clear that Beeoptions goes the extra mile to please their traders and to offer them top deals and promotions. Let’s now take a look at the educational trading tools offered by this broker.

Educational Trading Tools

I have reviewed many brokers in the past and I can easily say without a doubt that beeoptions offers some of the best and the most comprehensive selection of trading tools. On the homepage of their site, they offer a guided tour which explains how to trade binary options in details. The broker also provides an eBook as well a training manual. You can also find a detailed FAQ’s and glossary section on the site but the most impressive part is the Beeoptions Binary Options Times. Here you will find daily and weekly market reviews, articles on trading tips and tools, additional training manuals, editorials and market videos. The selection of educational material is vast and no matter if you are new to the online trading world or a seasoned professional, you will definitely find something to increase your trading accuracy.

Customer Support

While writing this review, I tested the customer support at beeoptions a few times and I was highly impressed. The broker offers Live Chat which works seamlessly and I was attended to quickly and responded to professionally every time. You can also contact the broker via email and Skype and they have also provided nine local contact telephone numbers around the world such as in the U.K., Spain, Mexico, Australia as well as a toll free number. I also like the fact that the broker has provided their physical address in the United Kingdom. All in all, beeoptions gets top marks for their customer service and support.

RATE OF RETURN Up to 85%
REBATE 0-10% Rebate
ACCOUNT TYPES Five Account Types – Basic, Gold, Silver, Diamond and Executive
ACCEPTED CURRENCIES Euro, US Dollar, British Pound Sterling, Australian Dollar and the Canadian Dollar
ASSETS INDEX Stocks, commodities, currency pairs and indices
WITHDRAWAL FEES $50 for wire transfers, $35 for credit cards and $25 for ePayments – One free withdrawal per month
DEMO ACCOUNT Yes – For deposits of $500 and more
ACCEPTS US TRADERS
MOBILE TRADING No
REFERRAL PROGRAMS Refer-a-Friend – $50

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When I was first asked to write a review on beeoptions, I was a little hesitant since I had only heard very little about this binary options broker. I searched online to find other beeoptions reviews and was quite amazed by the fact that they are recognized as one of the leading brokers in the …

Review Overview

Ease of Use - State-of-the-art trading platform and exclusive trading tools and features - 100%
Welcome Bonus - Up to 150% Match Bonus – Based on Trading Account Type - 100%
Minimum deposit - $250 - 85%
Minimum Trade - $25 and $5 on 60 Seconds and $50 on One Touch - 95%
Trade Options - High/Low, Long Term, One Touch, 60 Seconds and Pairs - 85%
Banking Options - Credit card, debit card, wire transfer and beeoptions ePayments - 90%
Trading Platform - SpotOption – No software download required - 100%
Customer Support - Live Chat, Email, Skype and Toll-Free Telephone - 100%
Educational Tools - A comprehensive selection such as daily and weekly market reviews, videos, articles and more - 95%
Languages - English, German, Spanish, French and Russian - 90%

94%

Summary : Before I have my last few words, I have prepared a summary of all the features and services offered by Beeoptions as below. I am very happy that I had the opportunity to review such a reputable binary options broker and to discover that there is plenty that is ‘sweet’ about this broker. So if you are new to online trading or a seasoned professional, beeoptions has all the features and tools for your trading success.

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