Feb 11
7

BullOption

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BullOption Review

BullOption was launched in April 2010.  As with all binary option platforms, they are 100% web based so do not require software to be downloaded.bulloption

They offer binary options on 24 underlying assets in Europe.

An attractive feature of BullOption is that 9-17% of the option’s investment is paid back even if it expires out of the money. Refunds are normally not given in binary option trading so this increases the site’s desirability. Their return on in-the-money options are high at a set rate of 65-85% making them a strong competitor with regards to return.

BullOption keeps its users up to date with current market news via their Reuters news feed.

BullOption has a unique feature of insurance. This means that there are no limits boundaries on any of a trader’s cash balance withdrawals and the Insurance will be given once the trader cash balance hit zero. For example 10% on 100 Deposit means 10 credits.

They use secure technology to protect their traders.

BullOption is a simple site which is easy to navigate around. Registration is simple and free and the Account section is nicely presented and understandable.

Registered users have a comprehensive view of their account and its history. They can quickly view their past trades, current trades, transactions and bonuses. When withdrawing money, a buyer must send authorization documents as proof of identification. Though this slows down the process, it ensures a smooth and secure transfer. Once all documents are authorized, the withdrawal is processed within 5 business days.

There is no overload of information, with helpful FAQ, banking and asset index pages. What the site lacks is information on expiry times – there is no way of knowing what the next expiry time will be after the current trade offer.

An investor can purchase an option for as much as $9,999 per option which is and industry high. A first time buyer will find the site easy to use and enjoyable.

The ownership of the company is named as being Jandelle Investments Ltd.-

BullOption Special features:

9-17% refund on out-of-the-money options
65-85% return rate on in-the-money options
$50 deposit on sign-up
Insurance feature on deposits over $300
Up to 125% back on 1st deposit

BullOption Company information:

Name: BullOption
Website: www.bulloption.com
Established: April 2010
Country: not stated
Tel: 0044 203 3186408 / 001 877 6340166

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Posted in Binary Broker Reviews by admin 2 Comments

2 Responses to "BullOption"

  • Matthew Smith says:
    June 1, 2011 at 12:04 pm
    Reply

    I was very successful on the BullOption platform (turned $500 into $5200). Although they nailed me with a 9+ pip spread when my account reached $3000. I decided to get out on April 20, 2011, cut my risk. I received my initial deposit back as advertised in less than a week. The profit I earned on the other hand .. oh my. I’ve never been so frustrated in my life. They finally processed my withdrawal today! (28 days later) and they said a wire transfer to my bank will take about a week longer! Unbelievable! I got jerked around left and right. Hopefully I will still get my earnings and they will prove me wrong but they have been nothing short of terrible in my eyes. Horrible company and experience. Even if you make $$ trading options, be prepared to email them every day for a month if you actually want to see any of it.

    Update: Apparently Bull Option is dealing with a bank that is having legal problems and they conveniently (for them) cannot make wire transfers at this time. (I have emails directly from the Bull Option support to back this up) They refuse to tell why they cannot make wire transfers or even when they will be able to make them again. I requested my profit 29 days ago and have not received it yet. I get an occasional email stating they are sorry for the delay but they in no way shape or form have made an effort to resolve this. At this point I am not convinced they even payout profits. I was frustrated, but now I am extremely angry at how poorly this company chooses to treat its clients. I have done everything they have asked and they simply have not lived up to their end of the agreement.

    • Flo says:
      June 8, 2011 at 8:19 am
      Reply

      HI

      I am also having difficulty re bull options – can you tell me with how you are dealing there pls?

      Thanks

      Flo

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