Do you expect something great from trading with Stern Options binary broker? In this review, we will investigate Stern Options carefully to bring you the most up-to-date information about this brokerage firm!
Min. Deposit: $500 Demo: N/A
Platform: SpotOption Bonus: N/A
Regulation: N/A US Clients: N/ASign up with Stern Options!
Stern Options is a new broker that was found in 2016. During our review we found out that it is located in Scotland and is owned and operated by the BP1 LP. Our Stern Options review has identified that this binary broker is not licensed by any recognized authority. Hence, Stern Options does not accept clients from the US, which is a good sign from traders from other countries, since it shows that this broker cares about its clients and does not want to risk being sued by the US authorities.
Stern Options Trading Accounts
Traders usually expect brokers to provide flexible account conditions that will allow getting most out of their strategies. As for Stern Options it offers one live account that can be opened after depositing 300 USD or the equivalent amount in EUR, GBP or AUD. But, with this account you will be able to get everything right away. All features that are usually available only for VIP users at some of the brokers are available here even with a min. deposit.
Stern Options Trading Platform Review
The most popular software choice among binary brokers is SpotOption. Stern Options follows the suit and you can find this web-platform offered on the website. There are different types of binary trading. Let’s list them further in our Stern Options opinion.
- Binary options
- Long Term
- 60 Sec
- One Touch
Unfortunately, iFollow feature is not offered here. We hope that Stern Options broker will develop this feature in the nearest future and all of its clients will be able to enjoy social trading.
Stern Options Reviews: Customer Support
Customer support at Stern Options is available via email, telephone and live chat. Unfortunately, live chat is not available 24/7 but the phone support is. Its support speaks English, German and Arabic languages. Also, there are dedicated phone support numbers available for Scotland, UK, Australia, Germany, Switzerland, Austria and Saudi Arabia.
Deposits and Withdrawals
Either to deposit or withdraw funds, you can use credit/debit cards and wire transfers. The minimum deposit amount using wire transfers is $500 with 20 USD commission.
The website tells that the withdrawal process is smooth and fast. Stern Options broker charges a fixed fee of 3.5 % for withdrawing with the card and 15 USD commission for each withdrawal via wire transfers. Also, as a usual practice for the industry, it takes approximately 7 business days for funds to reach your bank account.
Stern Options Review Conclusion
Is Stern Options legit? Yes it is. Even though, this broker does not have any license, it offers the best binary options trading platform as well as good customer support. We hope that it will implement iFollow feature soon and we will be able to test it! We can definitely say that Stern Options scam claims are not true.