Magnum Options has been around since 2013 and over the years, it has proved its reliability to traders from all over the world. You enjoy up to 81% payout on your winning trades in Magnum Options, which is generally competitive in the industry; you have up to 100 assets to trade in the platform too and the minimum deposit allowed in the platform is $200. New traders do not have to worry about huge minimum deposits that could be lost especially if they do not have any trading experience.
Another amazing thing about Magnum Options is that you get a 10% return in case of an option that is out of money. All these and many more reasons makes Magnum Options an amazing platform to trade in today.
Deposits and Withdrawals
The minimum deposit one can make in Magnum Options is 200 and deposit currency options that you have are USD, EUR, GBP, CAD, and AUD.
There is a standard procedure that a trader in Magnum Options has to follow in depositing and withdrawing to and from his account. To withdraw for instance, you have to verify your account first by sending a copy of your identification and a utility bill. You will wait for 3 business days for your withdrawal to be verified and then the deposits will be available to you in 5-7 business days depending on the withdrawal method that you are using.
The methods that are standard in Magnum Options for depositing and withdrawing are Credit/Debit Cards, Bank Wire, CashU, and Skrill.
Magnum Options Trading Platform
To start with, Magnum Options offers welcome bonuses to all its traders, whether you are new or an old trader. The amount of bonus that you will get will largely depend on your deposit and its percentage can range between 10% and 50%. You have to make a certain trading volume though in order to enjoy the bonus, and in this case, you are required to trade 30x the bonus value.
There is another bonus that is offered to traders who refer people to the platform too. You get to enjoy up to 50 USD or 50 EUR and your friend as well if you refer a friend to the site.
At Magnum Options, you have four trading accounts to choose from, namely standard, premium, and executive and Magnum Elite accounts. The choice that you make of an account depends on your deposit and also on the benefits that you want to enjoy as a trader. The four accounts are different in the level of bonuses offered to traders as well as on the maximum deposit one makes to start trading.
Customer Support Services
Magnum Elite has put in place high quality customer support services to ensure that traders in their platform are getting real help on time at all times. The support services are offered in three main languages, which are English, German and Italian.
You can seek for their support through phone calls, emailing and Live chats as well. If you have an urgent need that requires immediate response, utilize their Live Chats and get helped on the spot.
Traders based in UK and US enjoy tool free phone lines, which are very clear and quite responsive.
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Reasons to Trade in Magnum Options
Payout ratios in Magnum Options are quite high. They usually range around 75% on average. Some trades can go higher than that, therefore there is a possibility of getting a higher payout through the platform.
There are numerous types of bonuses that traders enjoy in Magnum Options, not just one type or two as it is common in other platforms. You can enjoy as much as you want if you ensure that you qualify for all or most of these bonuses.
Magnum Options is a user friendly kind of platform and quite reliable. This is in fact what sells it most in the industry. It is a very safe platform as well, which is powered by SSL technology.