Dragon Options Review

 

Broker Introduction

In 2011, Dragon Options was founded by Dragon Services Limited. It has a huge headquarters in the Commonwealth of Independent States countries. They operate from Cyprus and the United Kingdom, and they started to put up their marketing office in Western Europe.

Dragon Options is a result of the intelligent minds of seasoned traders who are dedicated in the binary options industry. These professionals have years of experience with binary options trading. Thus, they are knowledgeable on the inner and outer works of it.

Dragon Options have a special feature allowing traders to choose their preferred type of accounts. The account types are dependent on the amount of investment the customers want to make. The basic account is suitable for beginners, and they can invest up to $999. The Pro account requires an investment that ranges from $1000 to $4999 in total. Lastly, the Premium account is for traders who make an investment above $5000.

General Platform Details

Dragon Options use their own trading platform especially made for them. The platform is powered by SpotOption, the leading provider of trading platforms in the industry. Opening a Dragon Options account is as simple as four steps.

The trading platform of Dragon Options comes in English, Russian, Arabic and Turkish languages. Thus, Dragon Options play a strong competition for traders based in Russia and nearby territories. Their customer support team is also available in the aforementioned languages and can be reached through live chat, phone and email. The support team is available from 9 in the morning to 9 in the evening.

Trading Options

The payout rate that Dragon Options offers to the traders is 75% on their investment. For out-of-the-
money trades, Dragon Options provide a 10% refund of the initial investment. There are several types of trading methods that traders can choose at Dragon Options including Classic Binary options, Option Builder, One Touch, 60 seconds and Black Dragon (buy me out). There are 100 assets that traders can choose. Traders can trade stocks, indices, currency pairs and commodities. Also, Dragon Options offer various expiry times that range from 1 minute to 1 year.

Financial Details

Traders can choose from a wide range of deposit methods with Dragon Options. Traders can use Credit and debit cards, wire transfer, Web Money, Wallet One, deposit by phone, Cash U, Qiwi Wallet, Yandex Money and Qiwi Terminals in putting funds of their accounts. The minimum first time deposit is 200 USD, 200 EUR or 6000 RUB depending on the currency selected for the trading account.

On the other hand, withdrawals from Dragon Options accounts can be made through wire transfer, Monet, credit cards, Skrill and CashU. There are corresponding fees for each withdrawal. Withdrawals through credit cards are free for up to 3 withdrawals per month, and $15 is charged to each withdrawal thereafter. Wire transfer withdrawals over $500 is free of charge, but there is $30 charge for withdrawals below $500. Also, there are bank wire transfer fees to the bank that traders have to pay.

Summary

Dragon Options binary options broker is a balanced trading platform that provides helpful tools to traders. There is a wide range of assets, expiry times and trading methods that traders can choose. The payout rate is decent and normal rate in the market.