Top Option Review

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TopOption is a global broker offering binary options trading. This is a fully licensed and one of the longest acting brokers with binary options in the European Union. TopOption holds a license from European regulator Hellenic Capital Market Commission (HCMC), including authorisation from other European central banks and regulatory bodies. Within the validity of European Directive MiFID, all clients' deposits are insured up to € 20 000 and held separately from the company's money in German and British Banks.


Selection of binary options for trading is at TopOption created by more than 180 tradable assets, where most are forex pairs along with world's most popular stocks, aka blue chips. Represented, but to a lesser degree, are also precious metals, energies, commodities, equity indices and government bonds. Noteworthy are good payouts with other quite exotic instruments, such as the South African Stock Exchange with payout of 80%.

The mentioned underlying assets can be traded in the form of classic high-low options with expirations from 30 seconds to several days and returns from 70% to 85%, depending on the expiration time and the trading instrument. Allowable size of invested amount with these types of options moves from € 10 to 2 500 per trade.

Another type of binary options at TopOption are the popular One Touch options with payouts of up to 500% and investment from € 10 to 500. Touch/No-Touch options are the last type of binary options, giving the investor the opportunity to earn 70% of the invested amount, when the price of an asset during the expiration period if only once touches the preset price level.

Trading platforms

You don't need to install any trading software to trade binary options with TopOption, because the platform runs straight in an internet browser. Processing of orders occurs relatively quickly considering the platform and response from sending the order to server's reaction and execution takes around 0.5-2 seconds based on our experiences.

Apart from the option to buy and sell CALL/PUT binary options, it is also possible to use the platform to perform rather complex technical analysis by switching to the Pro Option tab. In this mode, you can view charts in different timeframes from 1 minute all the way to a month and then specifically apply any of the available 90 technical indicators.

Mobile applications

For the nonstop access to the markets, TopOption offers a mobile application for Android and iOS and owners of Windows phones can trade through their internet browser.

The mobile app is quite well done and also not really complicated, so the impact on the phone is minimal. Trading with high-low options is very easy on the app, but alternatives such as ProOption or Touch/No Touch options are missing.

Types of accounts

TopOption offers three types of accounts, separated according to the deposit amount and they differ in the options offered to the investor. The basic account is called the Starter and is for all traders with deposits from $100 to $499 (or €). This account qualifies for deposit bonus of $200 (€) and basic educational materials.

With the deposit of $500 to $2 499 (or €) the client gets the Pro account, which includes a personal 3 hour educational consultation, deposit bonus of $1 000 (or €) and a complete multimedia educational materials.

At the top is the VIP account, for investors with deposits from $2 500 (or €). With this account you gain unlimited access to the educational consultations, customer support at any time, bonus of up to $5 000 (or €) and a link to a news channel from headquarters.


As was mentioned previously, TopOption gives its clients access to free educational materials, depending on the type of an account.

Even the most basic Standard account has access to video lessons explaining trading from the very beginning. Lessons are short, easy to comprehend, but more advanced traders will not gain much from them. Addition to the video lessons is a series of short eBooks, which clients gain access to according to their account. Clients with Standard account can get read through two: "10 tips how to trade successfully" and "Become a gold guru".

Seminars, which the broker TopOption sometimes holds, do appear to be the more interesting out of the educational program and those are free to attend to all clients.


Every client, who decides to deposit real money into the account has the right to receive a bonus, which can be as high as $5 000. Smaller deposits are awarded with bonuses of 50% for up to $200, or 100% up to $500.

Conditions for the bonuses are fair. Bonus can be withdrawn once 40 times its amount has been traded, or it is possible to collect all the profit from the bonus after trading with 10 times its amount. Whoever would be interested in withdrawal of money from their account before achieving any of these trading turnovers, they can do so without any issues, but will lose the bonus. Trading with the bonus is not mandatory, so if you are not interested in the bonus, you can decline.

TopOption demo account

Demo account with TopOption behaves exactly as the regular account with real money and acts as an excellent training tool for trying new strategies, trading education and so on.

Demo account is free to all clients that open an account with TopOption. Normally the demo account would remain open for 14-30 days, but customer service can be contacted and this time can be extended.

Deposits and withdrawals

TopOption offers standard deposit and withdrawal options, which are via bank transfer and credit cards. Options such as Neteller and Skrill were available in the past, but today the only available alternative payment method is the internet wallet WebMoney.

If you have an account - which needs to be verified before your first deposit (just as with all EU regulated brokers), withdrawal will be processed that business day. Depending on the bank and the country where the funds originated in, the money will be added to the account within 2-4 business days.

License and regulations

TopOption used to be regulated by Cyprus' watchdog CySEC for a long time; however after recent change in the structure of parent company SafeCap Investment, TopOption is under new regulator Hellenic Capital Market Commission (HCMC). This is an administrative change without real impact on clients, because under HCMC, clients' deposits are insured up to € 20 000 and held separately from the funds of the company.

Considering regulation and safety, TopOption can be considered to be a safe broker.

TopOption experiences

Our over two year experience with TopOption is mainly good. During brokers’ existence some changes in the platform have occurred, sometimes we have waited longer for withdrawals, the requirements for authorising private documents got stricter, but overall everything has worked. We can say that the broker is evolving each day and is trying to learn from its past shortcomings and therefore today's platform and trading settings is relatively debugged and fits with most clients’ needs.

Important foreign internet forums do not talk badly about TopOption either, investors are mostly satisfied with reasonable payout ratios sometimes less so with the number of instruments, or they might want different platform, but a number of these opinions is subjective, when sometimes what bothers one is enjoyed by the other.

What is important is that from its introduction, TopOption broker has never had any problems, be it with its old regulator (CySEC), or the current HCMC.

Isn't TopOption a scam?

When we were collecting some background information on TopOption during processing of our review, we have often encountered questions from traders whether this is a scam.

The most common worries of investors are, if it is truly possible to make such big money with binary options, whether precisely this is not the scam and in truth, on binary options, with TopOption, nor with any other broker – it is impossible to make fairy tale sums. So, if you will encounter someone, who will promise you magical earnings overnight, run.

If you approach trading rationally and you understand that long-term daily appreciation of tens to hundreds of percent is not possible and your expectations are somewhere around the realistic 10% - 50% per month, then you can calmly choose binary options as an interesting and fun tool to actively capitalise on your finance.

Summary of review

TopOption is reserved, for example due to the fact that it offers "just" 180 trading instruments, or because the trading software works only in the web browser. On the other hand it also possesses strengths - decent payout ratios (85%, 500%), long tradition and for clients a significant advantage of good reputation and long-time presence on local market.

From above mentioned reasons we do consider TopOption broker to be a smart choice. Professional traders looking for the fastest execution and the highest payouts, willing to sacrifice the customer support, fast withdrawals or a license should maybe look somewhere else, but for the beginner and advanced investors TopOption can be considered a suitable broker.

TopOption discussion

Go over your experiences with TopOption with us here, in the discussion under the review. Have you encountered any complications with withdrawal of your funds or did the trading did not go as you have expected? Or do you have good and positive experiences with TopOption broker and you would recommend them to your friends? One way or another, share your experiences with us.