Stern Options Broker Review I Binary Options Review

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7 Binary Options

UPDATE (16.08.2020):

Stern Options has shut down their operations.

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Old Review:

The binary options industry was born in 2008 on the floor of the Chicago Board Options Exchange, and since then hundreds of brokerages have come and gone. In this business, there is no room for incompetents and scammers.

We recognize Stern Options as one of the industry’s leaders. Here are just some of the reasons why we think they deserve this kind of respect.

Basic information:

Online since: 2020
Software: SpotOptions
Max Returns: 94%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: Unlimited
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All including USA

  • Accounts tailored to each customer
  • No investment limit
  • Quick and simple withdraw process
  • Doesn’t accept the traders from the US

7 Binary Options Rating:

Trading Platform

It’s no secret that Stern Options broker offers a world-class trading experience. Whilst they boast brilliant educational resources and customer service, Stern’s reputation for excellence comes down to its world-class trading platform.

Offering unparalleled trading opportunities and types to suit any trader regardless of preference, it’s no wonder that Stern is the ‘world’s most acclaimed binary options trading environment’. The visual character of the trading platform has been well designed with every age-group of a user in mind. So it is not composed of loud colors and superfluous imagery.

The menus are neatly laid out in a clear typeface, and are set in sensible contrasting backgrounds so that the user can see everything sharply and clearly labeled. Charts and graphs are real-time live feeds from the world’s financial markets. Stern Options trading platform really has it finger on the technological button. There is a lot of peace of mind that comes with using this quality web platform.

Screenshot

Assets

The Stern Options menu of assets available to trade binary options contracts includes the most comprehensive variety of the world’s Stocks, Currencies and Commodities as well as the world’s main financial market indexes.

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
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    Good choice for experienced traders!

Sign Up

Signing up to an account with Stern Options is routinely done online or by phone. The minimum deposit is 250 USD/EUR/GBP/AUD. Stern Options are very strict about compliance with the law and regulatory requirements for the administration of account in the financial services sector.

With the aim being to prevent fraud, money laundering, and the funding of criminal activities such as illegal narcotics and the funding of terrorist activities, for instance. If you do not comply with these requirements, Stern Options reserve the right to suspend business with you and perhaps refuse to pay the money you have invested with them until due process of law.

Therefore, just like when you open a bank account, in order to validate that your account is compliant with the law you are required to submit copies of the following documentation:

  1. A completed and signed Declaration of Deposits (DOD) which the company will issue.
  2. A scan/photo of proof of address (a bank statement or utility bill that clearly states your current address).A scan/photo of your ID (driver’s license or passport).
  3. A scan/photo of any credit/debit cards you’ve used to fund your account.
  4. A voice signature (you must contact your assigned Account Manager to complete this step).
  5. A completed withdrawal form.

Banking & Deposits/Withdrawals

Banking with Stern Options is about as easy as they come. There are a number of different deposit and withdrawal options that you can use when trading with Stern.

They offer all of the regular ones such as:

Stern Options only use the most reputable banks in Europe and has significant on Barclays and Deutsche Bank amongst others. This is yet another reason you can feel safe with Stern Options. So you can feel confident that you can get your money, Stern clients can access the withdrawal request facility online. Withdrawals are typically processed within five business days.

Types of Accounts

Stern Options do not limit their resources but believe in extending a tailored service to suit the needs of all clients. For this reason you don’t find a menu of different account types on Stern’s website as you will on most other companies’ websites. Instead, you will receive the service you deserve to help you to success.

Generally speaking, beginners and those smaller investors each receive a standard account. There are no limiting features and you can enjoy all the facilities the wealthiest account holders enjoy. However, as you become more and more successful Stern will assign a dedicated financial analyst to you, who can help you reach even greater levels of success.

Bonuses

Stern makes bonuses available, with the amounts on offer ranging from 500 USD/EUR/GBP/AUD and upwards. Client’s accepting bonuses are required to trade the equivalent of 27 times the amount of the bonus before being able to make withdrawals from the profits derived from it. This is very much the industry standard paradigm for bonus structures.

Learning Tools

Stern Options is well-renowned a pioneer in providing its clients with the best chances for success, and to make this possible they make sure everyone has free-to-use online access to their training academy. Offering unparalleled educational material which is didactic and configured to all levels of experience, from the beginner to the veteran, the learning materials are available for use 24/7 which makes it simple and easy to learn about the theory and practice of making profits from binary options.

Offering a vast array of educational courses that will turn even the most inexperienced trader into a binary options expert, Stern Academy certainly hasn’t compromised on the quality of their resources. Here are just a few of the courses you can expect to receive:

  • Introduction materials – the perfect way to get started, Stern’s 15 easily-understandable introduction videos will give every trader the best start they need to begin trading.
  • Binary strategies– every successful trader will know how important strategies are when trading in binary options. This course will provide a variety of strategies suitable for a wide range of abilities, meaning you’re guaranteed to find something that will suit you here regardless of your experience.
  • Platform tutorials– for a brand new trader, the first look at a complex trading platform can be quite intimidating. However, this course is bursting with user-friendly tools you can use when trading to maximize success, as well as a detailed explanation of all components featured on Stern’s expert trading platform.
  • Platform introduction video– an ideal accompaniment to their platform tutorials, you’ll be shown first-hand exactly how to implement everything you’ve learned so far.
  • Economics– the perfect introduction to the world of economics, this comprehensive course will educate you on everything you need to know about the relationship between capital markets and our global economy.
  • eBooks – Expertly crafted to accompany all of Stern’s brilliant courses, their binary options eBooks offer the opportunity for your questions to be answered. Also providing a useful reference you can go back to at any time, the eBooks available at the Stern Academy are simply second-to-none and will become a true asset to your entire trading experience moving forward.

Webinars

Stern clients are invited to attend regular and ad-hoc webinars which are produced to make sure their clients are up-to-date and properly informed of events taking shape in the world financial markets.

A webinar is internet based video show in which a senior financial analyst tell about important imminent and pending events that pose great opportunities for traders to invest in binary options trades and make profits from the movement of prices. We recommend that you sign-up for Stern’s webinars.

Return on Investment

Profit margins are always fixed at the moment of contract. The amount as a proportion of the sum placed on the asset is always in the range of 70% to 80% and upwards, with some species of contract giving between 200% and 400%. Lots of scopes, therefore, to reach your goals in creating an income from binary options.

Customer Service

Stern Options’ customer support team is multilingual, which is a must for a globally active company. They can be contacted by phone, email, and online chat 24/7.

Stern Options are one of the few companies who invest in mass-media presence with a daily market report that is available on their blog site as well as YouTube. It is as good as the best in the world.

Concluding Comment

We took a close look at Stern Options because their reputation in the industry is very popular. You only have to look at some of the websites which are directly concerned with Stern Options reviews to be able to see how popular they are. We must conclude we the evidence and this definitely is a company who deserve praise for their commitment to service and technical professionalism.

If you don’t check for yourself right now and visit their website, you certainly will be missing a proper chance to succeed in binary options trading.

Additional information

Customer Service: Live Chat/ Phone/ Contact Form/ E-mail
Languages: English, German and Arabic
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 2min, 15 min, 30 min, 1 hr, End of Day, End of Week
Deposits and Withdrawals: VISA, Master Card, Maestro, Bank Wire, CashU, Skrill MoneyBookers
Withdrawal Time: 7 business days
Demo account: Yes

Broker Review: Stern Options

Today I’m doing another binary options broker review, of the platform that claims to be the the world’s best trading environment, Stern Options. This platform promises traders opportunity, support and industry-leading security. In this review, I’ll be analyzing all 3 of these points, and taking a closer look at what the binary options community has been saying about this brokerage. By the end of the review, my hopes is that we will have a clear understanding as to how we should move forward.

Owned and operated by BP1 LP, this broker opened its doors in July 2020, and is located at 5th and 6th Floors, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, Bulgaria. They can be contacted via phone at +44 800 086 9172, or at [email protected].

Stern Options Review

According to the website, Stern Options is run by a team of experienced professionals with years of experience in the binary options marketplace. With the platform, traders are able to trade currencies, commodities, stocks and indices. As mentioned above, the broker wants traders to know that they can trade 24/7, because they always have assets available to trade. They believe that it doesn’t matter where you live, “you’ll find an asset or a trade that is right for you.”

They believe that they have the highest level of expertise in the market, and cutting edge technology. From what I can see, they are utilizing the spot option platform, which is a good platform but it doesn’t offer anything 2 different from their competitors.

This broker wants the community to know that it’s run by professionals. They mention this multiple times in the sales page, and feel that putting together a group of highly educated individuals that are professionally trained, gives them an edge over other brokers. This seems like a lot of talk, but it’s good to see that they are promoting a positive message.

Details

  • Type: Options Broker
  • Founded: 2020
  • Location: Bulgaria
  • Platform: Web-based, Mobile
  • Payouts: 75-85%
  • Minimum Deposit: $250

Normally, binary options brokers like Stern Options have a plethora of different trading account options, but this doesn’t seem to be the case. Instead of having different account levels, like gold, platinum, or diamond, there is just a simple registration form.

As far as I’m concerned, this is a breath of fresh air. I don’t really appreciated when binary options brokers try to pull larger deposits from their clients, by holding back some of their offers and services. In this case, the broker isn’t holding back aspects of their service, in an attempt to make you deposit more than your comfortable with. You get access to all of their services as soon as you register.

Education Center

The broker website includes an education center which provides access to a couple of different lessons, and an e-book that you can download. The education center includes introduction videos, and in-depth course, strategies and economics. In order to see more of the content provided by Stern Options I have to register an account, but in doing a brief overlook of what they have to offer, I don’t feel that they are providing anything above and beyond what other binary options brokers are providing.

I find that most brokers like Binary Cent , Binary Xchange and Tudor Trade all have brief education centers as well. They are never overly helpful.

Client Feedback

In doing in-depth research, I found positive and negative reviews, but at this point in time the negative reviews are out weighing the positive. There are a couple of stories that are quite egregious, including one posted just a couple of months ago that claims that Stern Options took advantage of a vulnerable, and mentally confused person, losing their life savings .

You can read it, in full here, and see the image as well.

This is a red flag, to say the least.

Conclusion

At first, I was very confident in the Stern Options service, but after reading a handful of reviews and real client feedback, I much more skeptical. I don’t think I can recommend this broker to any of the Binary Today readers at this point in time. If you have anything you would like to add to the review, please do so now.

Stern Options Broker Review 2020

Stern Options is a relatively new binary options broker that appeared on the financial market which implies that the services they provide are also fresh and interesting. But are they really?

This Stern Options review will go through all the important information a trader needs to know about a broker they might be considering investing with.

We will be reviewing Stern Options account options and diversity, as well as trading software features, customer support, and banking information.

Read the rest of the review to find out is Stern Options is the right broker for you.

Stern Options Broker Account Features Review

Probably the most important thing to mention right at the beginning of our Stern Options review is the fact that this broker doesn’t offer a Demo account. That is something that is very likely a huge deal to potential traders since they don’t have a chance to try out the platform or get accustomed to this broker. Also, not being able to test the broker platform before and actual deposit means that you have to invest first and potentially risk your money. Demo accounts are excellent for both expert traders and binary newbies. Demo account allows traders to get familiar with all the trading options and features. They usually come with a virtual amount of money which enables traders to place real trades without a need to spend their real investment. We hope that Stern Options will integrate demo account and help traders to practice before they start investing real money.

However, their education section seems rather elaborate. The drop-down menu on Stern Options platform reveals that this broker offers:

  • Trading Academy
  • Binary Options E-books
  • FAQ
  • Binary Options Asset Index
  • Glossary
  • Economic Calendar.

Training Academy is especially interesting seeing that it contains several in-depth courses, as well as video tutorials and e-books. We like the fact that broker featured so many educational materials which usually motivates traders to learn and educate themselves about binary options trading.

The range of returns is also an important factor for traders looking for prospective, new binary options brokers. For Stern Options returns range from 70-85% which would be the trading industry average. Their minimum deposit amount is also set at standard $250.

Stern Options Broker Trading Software features

One of the first aspects we inspected with Stern Options review was the trading platform. We have discovered that broker uses SpotOption as their trading software. The software is quite common within the binary trading industry, which more times than not, means it’s a great choice. According to the Stern Options, their platform is stable and reliable which is hard to go wrong with.

The visual design of the platform is very eye pleasing with minimalistic features. Every segment of the dashboard is meticulously organized and logically set so that all types of traders will enjoy their trading platform. Considering their lack of different types of accounts, it is easy to conclude that their choice of design of the platform is also aimed at a modern, universal trader that wants efficiency and results.

Stern Options broker review found that broker offers over 200 underlying assets to trade with, which are categorized as currencies, commodities, stocks and indexes, even Forex pairs.

As far option types go, there is plenty that is offered such as Short Term, Long Term, One Touch, Ladder, Forex and Limit options.

Our Stern Options review brought to light the fact that Stern Options platform is also available as a mobile app which – available on both smartphones and tablets. According to the Stern Options website, the mobile app includes a trading platform, constant updates, charting tools and complete access to information about your transactions.

Stern Options Broker Support Information Review

The Stern Options website is available in two languages; English and German. We have to say there are various traders that are not used to English language and they prefer using the site in their own language. This means Stern Options could work on integrating more languages on the platform. However, there are a multitude of contact numbers available for contacting if your preferred way of contacting is by phone. Seven phone numbers are located in Scotland, UK, Australia, Austria, Switzerland, Germany and Saudi Arabia with two additional toll-free numbers in UK and Germany.

The Stern Options Live Chat is also a quick and efficient way to resolve your questions and doubts. In the process of writing our Stern Options review, we contacted the Live Chat staff for more information on their services, specifically concerning returns and regulations. We were informed that the Live Chat staff is more informed about the technical support part so they couldn’t answer our questions. We were suggested that they can contact the account manager for us and he/she can call us back. This might be a problem for some traders who are not very comfortable with a phone conversations as it adds to pressure and might push a trader to give up on this broker.

Apart from the means already mentioned there is also a Contact Form displayed on the website along with three email addresses for Customer Support, Compliance, and Marketing & Affiliates.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

Stern Options Broker Banking and Company Info

Stern Options website states that this broker accepts deposits made via Skrill, Wire Transfer or any major credit card. This also applies for withdrawal, however, there will be a fee applied and the trader will have to submit several documents that prove a trades identity.

One of the things we asked the staff when we contacted the Customer Support Live Chat is whether or not Stern Options is a regulated broker. We were told they are not. This is really a shame since that means they are not being supervised by any valid regulating body.

In our reviews, we are very adamant about the fact that binary options traders should not do business with brokers who do not have a valid license by any of the major regulating bodies. Those types of brokers are not obligated to adhere to the same legal requirements and there is a higher risk of scam practices.

It would be a great thing if we could wholeheartedly recommend Stern Options to traders, given that the most of the characteristics of this broker are very good or even excellent. However, there are several things that we have had trouble with during the writing of this review, namely the lack of a Demo account which severely influences traders decision of choosing a broker. Another issue, which is even bigger and definitely more serious is the fact that Stern Options is not a regulated broker. This, on its own, is enough for us to not recommend them.

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!

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