AskOption Binary Options Broker Review – Find out all you need to know

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

AskOption Review

Rating:

AskOption is an online binary broker that is owned by the PeakMedia Group that offers the trading of various commodities, indices, stocks, and currencies. Having started in 2020, AskOption is a new broker that relies heavily on social media for its marketing. It is unregulated yet has some features that may pique your interest.

If you have seen an AskOption ad and want to sign up, read our AskOption scam review before registering.

Min. Deposit: $250 Demo: No

Platform: Panda Ts Bonus: Yes

Regulation: None US Clients: Yes

Sign up with IQ option Instead
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

AskOption Accounts & Bonuses

AskOption offers multiples account options. These are:

  • Basic ($250 – $499 deposit)
  • Mini ($500 – $999 deposit)
  • Standard ($1000 – $4999)
  • Premium ($5,000 – $14,999 deposit)
  • Ultra ($15,000 – $49,999 deposit)
  • VIP ( $50,000 and over)

Basic Account

The Basic account option is eligible for a 30% bonus. It does not offer many features except for AskOption’s E-Book education and training and standard withdrawals. These are a lot fewer features for a price that could grant you more at established brokers.

Mini Account

The Mini account also qualifies for a 30% bonus, receives standard withdrawal and the E-book education. While its required deposit is double that of the Basic account, there are more features albeit, only a few. The Mini account offers 1 risk-free trade along with an assigned “senior” broker and daily market reviews. Two live training sessions are made available along with a web tour and an introduction to the website.

Standard Account

The Standard account asks for is eligible for a 50% bonus. It has all the features of the Mini account except instead of 1 risk-free trade, 5 are offered and instead of 2 live training sessions, 5 are offered. Also, Standard account holders are granted expedited shipping rather than standard.

Premium Account

The AskOption binary broker Premium account is eligible for a 70% bonus. It offers all the features of the Standard account and then some. Seven risk-free trades are available along with 10 live training sessions. In addition to those, you also get alerts via text and email plus access to “advanced” strategies.

Ultra Account

The Ultra account grants an 85% bonus to those who register. In addition to all the features of the Premium account, there are 10 risk-free trades instead of 7 and unlimited access to live training sessions. Also, risk management is made available to Ultra account holders.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

VIP Account

The most exclusive and expensive account available at AskOption is the VIP account which requires a minimum deposit of $50,000. This account grants a 100% bonus along with 20 risk-free trades, same-day withdrawals and access to the personal AskOption rewards system. These are all in addition to the features of all other accounts.

Now, these features sound great but they are quite frankly too good to be true. While we like the multiple account options, the minimum deposits are extremely high. On top of that, the claim that AskOption will give a 100% bonus on all VIP accounts which ask for at least $50,000 is unbelievable as most brokers but a definite cap on their bonuses.

On top of that, there is also a high volume requirement before you can make any withdrawal when you can accept a bonus. The minimum trading volume is 30x so if for example, you were to receive a 100% bonus on $50,000 then you’d have to trade $1,500,000 before you could make any withdrawal. That is honestly ridiculous.

Add to that, the fact that the AskOption broker is unregulated is more reason why they should not be trusted with such large sums of money.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

AskOption Customer Support

Customer support is vital to any business. AskOption seems to agree which is why they put some emphasis on customer service. They offer multiple ways to contact them:

  • Email
  • Online Form
  • Telephone
  • Live Chat
  • Social Media

We like the fact that askOption pays such keen attention to their customer support. But we cannot help but wonder if this is only a way to convince clients to deposit the erroneous sums that they are asking for. It is still a new broker so there are not numerous AskOption reviews by traders to give their experience after registration. But we doubt this will remain so for long.

While their customer support is quick and quite helpful, we do not encourage you to risk your money by registering with AskOption. The reason for this is not only the large amount required and the high trading volume for bonuses before you can make withdrawals but also the fact that AskOption is unregulated which leaves you unprotected.

AskOption Platform

Given its use of social media, you can see that AskOption places a great deal of emphasis on the social aspect of trading which is why it makes sense it uses the Panda Ts trading platform which has many social features.

The Platform itself is available on different platforms such as the web, desktop, and mobile. The Panda Ts platform also allows you to copy other traders which are where the social trading aspect comes in. However, it does lack certain features such as instrument filtering and full-screen chart displays.

AskOption Deposit and Withdrawals

You can deposit and withdraw your funds at AskOption through wire transfers and credit/debit cards. Funds are accepted in:

  • Us Dollars
  • Great British Pound
  • Euro
  • Canadian Dollars
  • Australian Dollars

You can withdraw a minimum of $30 for credit cards but it caps at $20,000. Wire transfers, on the other hand, have a minimum of $100 with no cap whatsoever.

The investment range is for Hyper Options is $5 – $500 while the maximum for other types is $5000. These types are:

AskOption review Conclusion

AskOption touts a lot of claims but the chances of them being able to back them up are extremely slim. On top of that, their unregulated status, high minimum deposits and lack of a demo account make us extremely wary of what will happen if you do deposit any funds whatsoever. We encourage you to steer clear of AskOption, no matter how nice their customer service agents are.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

7 Binary Options

UPDATE (2.3.2020):

We have found out that Askoption has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
All brokers >>
Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Established in 2020, AskOption is a binary options trading platform that is owned by PeakMedia Group Ltd. Their registered address is at #2 Old Brompton Road, Suite 50, London, SW7 3DQ while their business address is Blades Enterprise Centre, John Street, Sheffield, South Yorkshire, S2 4SW, UK. Their service partners include Columbus Merchant Services Ltd (Mauritius) and LLC Tauron Services (Georgia).

Basic information:

Online since: 2020
Jurisdiction: None
Software: Panda TS
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $20000
Currencies: USD, EUR, GBP, AUD, CAD
Mobile: Yes
Countries: All nations

– Many account options
– Relatively high returns
– low minimum investment

7 Binary Options Rating:

AskOption Special Features

Servicing an international clientele base, AskOption understands that their clients come from diverse backgrounds. As such they have provided 6 different types of trading accounts for their clients to choose from.

  • Basic Account

Minimum Deposit $250

Minimum Deposit of $500

1 Risk Free Trade

Assigned Senior Broker

Daily Market Reviews

2 Live Trading Education

  • Standard Account

Minimum Deposit $1000

5 Risk Free Trades

Assigned Senior Broker

5 Live Trading Education

Daily Market Reviews

  • Premium Account

Minimum deposit of $5000

7 Risk-Free Trades

Assigned Senior Broker

10 Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

  • Ultra Account

Minimum Deposit of $15,000

10 Risk-Free Trades

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Same Day Withdrawal

Personal AskOption Rewards

As can be seen above, the benefits of each trading account vary and are geared towards different specific categories of traders. The bonuses offered are pretty generous ranging from 30% to 100%. And the risk-free trades are quite an attractive incentive. But it should also be noted that these bonuses and promotional offers come with conditions attached. For example, before you can withdraw the bonus, you need to meet the wagering requirement of 20x the bonus amount. So if you receive a bonus of $500, you need to achieve a trading volume of at least $10,000 before you can withdraw that $500 bonus or any profit made trading with it.

Have you tried automated trading yet?

Other recommended auto trading robots:

AskOption Trading Software

Unlike many binary options brokers in the industry today, AskOption uses the lesser known Panda TS platform. The platform offers traders 4 different types of option contracts. You can choose from High/Low options, Hyper Options, One Touch Options and Range Options. These options contracts typically let traders earn a maximum of 85% returns on their investments. For One touch options, the maximum return is even higher possibly reaching up to 500%.

The expiry times offered by the Panda TS platform are also quite diverse ranging from 30 seconds to 45 minutes. Although the selection of option contracts is not as many as those found on the popular SpotOption trading platform, the Panda TS platform does make up for this deficiency by offering a powerful copy trading feature. Beginner traders can easily follow what the top traders are buying or selling by watching in real time the Top 10 Trades social trading board. In addition, there are more than 100 different types of underlying assets available for trading. So the fact that there are just 4 different types of options contracts to trade with isn’t really an impairment for most traders at AskOption.

Screenshot

AskOption Support Information

For traders who need help, the support team at AskOption is available to render assistance 24 hours a day 7 days a week. To request assistance from customer support, AskOption’s traders can contact the support team through email, live chat or over the telephone. Traders in U.S, UK, Canada and Russia also have the benefit of having localized telephone support as AskOption have provided localized support telephone numbers for these 4 countries. Their website is also available in Russian hence making it easy for Russian-speaking traders to navigate around the website.

AskOption Banking Info

Currently, AskOption only supports credit/debit cards and wire transfer for the funding of trading accounts. Withdrawals are also conducted through the same methods. As for the processing of withdrawal requests, the typical processing time is 5 business days. For credit card withdrawals, the minimum amount that can be withdrawn is $30. As for withdrawals conducted through wire transfer, the minimum withdrawal amount is $100. Traders are given one free withdrawal per calendar month. Subsequent withdrawals which are made within the same calendar month are liable for a service fee of $30 per withdrawal.

The AskOption trading brand is owned and operated by a holding company called PeakMedia Group Ltd. They have 2 service partners namely Columbus Merchant Services Ltd a Mauritius-based company and a Georgia-based company called LLC Tauron Services to provide ancillary services. Although AskOption is based in the UK, the broker is not regulated by any financial regulatory body. Nevertheless, given the fact that AskOption has been around for 2 years and had no major complaints against it, they have proven themselves to be a dependable and trustworthy broker. With the benefits that they offer, AskOption is actually quite ideal for beginner traders who are just venturing into binary options trading.

a Complete Guide for Binary Options Trading

Trading in binary options is getting popular nowadays among the tech-savy people. Making money is no longer a hard job. There are many money-making platforms coming up recently for the online traders. But traders should be a bit careful and not to trust all the false promises of the broker website. Do some investigation and make your own judgment whether to go with the broker website or not. This article will help you to take the decision whether or not to pick Ask Options broker software.

Investing in binary options is getting viral these days. AskOptions is placing its feet with the online money-making platform with some incredible offers which appear rightly unbelievable at first glance. However, before registering any broker it is advisable to do some research a bit and go through the Ask Option Broker Review published on Binary Minery.

AskOption claims to have a huge and loyal customer base. The platform tends to be quite active on social media such as Facebook and Tumblr. Many people are making money through this software. Let’s dig deeper and find out about this broker in detail. After examining and doing a good research about the broker, we will give you a concrete idea on how reliable the AskOption trading platform is!

Basic information:

Online since: 2020
Jurisdiction: UK
Software: Panda TS
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $500
Currencies: EUR, GBP, USD, AUD, CAD
Mobile: Yes
Countries: All countries

– Includes a Demo Account
– Offers many trading options
– Uses Panda TS software

– Broker is not regulated

Binary Minery Rating:

AskOption Broker Platform

As per the history of Ask Option, we got to know that the platform is owned and managed by Peak Media Group Ltd. It is operated by a London-based company. Irrespective of the country of origin or level of knowledge, the platform invites all the traders to trade with them.

Ask Option claims to offer high payoffs of 85% with bonuses of up to 100% to their traders. It allows a trader to perform binary options trading right from their comfortable platform. AskOption also offers sending free signals to investors. Any investor can choose their niche of preference like currency pairs, stocks, indices, commodities or indices. They also provide a wide range of trading options like high/low, range and hyper options, one touch to execute their trades.

AskOption gives you the copy trading facility, with the help of which you can make money just through coping the trading strategy of the winning trades. AskOption trading platform runs on the user-friendly Panda TS platform. Ask Option seems to be a reasonable platform, as it deals with a wide variety of about 100 assets classes you can trade with. Panda TS platform has a good name on the social sites like Facebook which is increasing reputation of Ask Option, as it is quite good for social trading.

Trading with Ask Option Software

AskOption trading software takes pride in offering four option types such as Forex options, Oil, options on Gold and a raft of popular stocks. It gives you the opportunity to make money through trading across almost 100 assets. You can earn up to a level of 85% payoffs on standard binary options trades. You can pick a binary option as per your preference from the available list of options such as 10 minute binary options, 5 minute, 2 minute, 60 second or 30 second. To start with the platform, you need a minimum deposit of $250 on your trading account and your minimum trade size should not be less than $5.

Trading software: the trading software used by AskOption is Panda TS platform that is used by the trader to execute its trading activity. It is a very popular software with good reviews from social sites. You can get the mobile app of the application from Google Play store and Apple App Store. It is a responsive application. A trader can use it on his mobile device. The website has a very attractive user interface. It seems simple and easy to use.

  • Trading Tools and Resources: Ask Option has financial calendars, glossaries and comprehensive FAQ, which helps new traders a lot to know about the software and the process. It has a knowledge base, AskOption education centre, which helps you to enhance your trading skills. You can have an access to risk management tools, trading tutorials,trading strategies, eBooks and training videos.
  • Deposits and Withdrawals: You can use Bank, Credit/Debit card or Wire Transfer for making deposits on your trading accounts. You can choose any currencies for your trading activity such as AUD, USD, EUR, CAD or GBP. While coming to the withdrawal process AskOption’s limits on more than $20,000 in case of credit card withdrawal. But there is no limit quota for bank wire transfer. The minimum withdrawal amount for credit card transactions is $30 and $100 for bank wire transfer.

Account Types

Ask Option offers you five types of trading accounts. It gives 100% bonus with 20 risk-free trades. Traders fall under different account categories depending upon the deposit amount made by them.

  • Basic Account: Here you will find a 30% bonus with 1 risk-free trade. You can get access to a web tour, market reviews, two live training sessions, training and eBook education and the standard withdrawal process. The lowest deposit for this account is $500. You can get assistance of a senior broker for your trade performance.
  • Standard Account: The account holders in this category will get a 50% bonus and 5 risk-free trades. In addition to all the features of the Basic Account, the trader here will have the access on 5 live training sessions and the advantage of expedited withdrawals. Minimum deposit for this account is $1,000.
  • Premium Account: Premium account comes with 7 risk-free trades and 70% bonus plan. A trader can get 10 live training sessions and the benefits some advanced strategies in addition to all the features of the Standard Account. Minimum deposit for this account is $5,000.
  • Investor Account: Here you will find a 85% bonus with 10 risk-free trade. Minimum deposit for this account is $ 15,000. Apart from all the features of the Premium Account, you will get additional risk-management sessions.
  • Pro Investor Account: It is the most expert account type, which starts with a minimum deposit of $50,000. You can earn 100% welcome bonus here. You will be assigned 20 risk-free trades. You can get hands on same-day withdrawals services as well. Apart from that, you will be enjoying all the features of all other accounts available.

AskOption trading platform does not just make big promises. There are lots of people who made huge money using AskOption. It is not associated with any dubious brokers and internet scammers. Try it now for all your online trading success.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Like this post? Please share to your friends:
Binary Options Trading Education
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: