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 2015, 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.

ask-option-logo

Min. Deposit: $250             Demo: No

Platform: Panda Ts            Bonus: Yes

Regulation: None           US Clients: Yes

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AskOption Accounts & Bonuses

AskOption Binary Broker

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.

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.

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AskOption Customer Support

AskOption Opinion

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

AskOption Reviews

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:

  • High/Low
  • Range
  • One Touch

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.

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Conclusion
Date
Item
AskOption
Rating
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