Option888 Review 2019

Option888 Rated 3/5
Option888 have a low rating. We recommend you look at one of their alternative brokers.
Plus500 matches your criteria. Visit Plus500 now here.

Option888 Guide

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Option888 we break down the pros and cons. What Option888 are able to offer, what countries Option888 are available in. Who Option888 are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Option888

  • Regulated by: Unregulated
  • Headquarters Country : UK
  • Foundation year 2008
  • Min Deposit : 250
  • Used by over 10,000 traders
  • Option888 is not available in the following countries :
Open Option888's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Option888

With this review we hope to help you see if Option888 is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Option888 that will help you get off to a good start in the world of online trading.

Option888 Review Table of Contents

Option888 what you should know

Option888 offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With Option888 you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with Option888 platform.

Option888 are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Option888 safe?

When choosing a broker like Option888 the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Option888 have a head office in UK.

Option888 is regulated. This means Option888 are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Option888, this will be honored. If Option888 violate any regulatory rules their regulated status could be stripped.

Any payments funded to Option888 accounts by traders are held in a segregated bank account.

For added security Option888 use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Option888. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Option888

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker option888 XTB Plus500 Pepperstone
Year Established 2008 2002 2008 2010
Head Office UK Poland Israel Australia
Regulation Unregulated Financial Conduct Authority, CySEC, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority,UK and ASIC
Used By 10,000+ 250,000+ 15,500+ 10,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Option888 Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

Option888 Pros and Cons

What we like about Option888

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $250

What we don't like about Option888

Option888 General Fees

  • Option888 withdrawal fees varies on payment method
  • Option888 does charge inactivity fees
  • Option888 does charge deposit fees

Option888 Commissions

  • Option888 does charge commission on CFD shares.
Broker option888 XTB Plus500 Pepperstone
Min Deposit 250 0 100 200
Withdrawl Fees 0.0 varies No No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

What can you trade with Option888?

You can trade a wide variety of instruments with Option888 over 182 instruments infact.

If you are looking at trading currency pairs Option888 offer over currency pairs.

Compare Option888 with XTB and Plus500 below.

Your capital is at risk

Broker option888 XTB Plus500 Pepperstone
Instruments Available 182 1,500 2,000 100
Platforms Desktop,Android,iPhone/iPad,Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Option888 Visit XTB Visit Plus500 Visit Pepperstone
Forex pairs offered 50 100 70
Forex pairs offered 50 100 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs NO Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Option888 Visit XTB Visit Plus500 Visit Pepperstone
Commodities Offered 0 21 17 0
Metals No Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural NO Yes Yes No
Indiced & Stock CFDs Visit Option888 Visit XTB Visit Plus500 Visit Pepperstone
Stocks Offered 1696 1816 0
UK Shares No Yes Yes No
US Shares Yes Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on Option888 web platforms and other applications

Option888 offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An Option888 IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Option888 also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See option888's platforms

Option888 Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

Option888 Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • Islamic account

Can I try Option888 before I buy?

Option888 offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Option888 accept?

Option888 offer the below funding payment methods. learn more about Option888

  • Credit cards
  • Skrill
Broker option888 XTB Plus500 Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes No Yes

How can I start trading with Option888?

When opening a trading account with Option888, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Option888 trading platforms here.

Performing trades with Option888

Option888 allow you to execute a minimum of trade of £ 10. This may vary depending on the account you open. Option888 allow you to execute a maxium trade of varies. As Option888 offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Option888

To trade effectively with Option888, it's important to get a have a good understanding of the XTB trading tools and the markets.

Option888 offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Option888.

Take time to look around the Option888 platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Option888

Option888 support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Broker option888 XTB Plus500 Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Option888 Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

What you will need to open an account with Option888

As Option888 is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Option888's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Option888 you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.option888.com/ on 12th August 2018.

Option888 not quite right?

Check out these Option888 Alternatives

We have spent years researching the best alternatives to Option888. Click the links below to learn more.

If you feel some of the above Option888 are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Option888 alternatives below.

Related Option888 Comparisons

If you would like to see how Option888 stands up against other brokers you can read some of our Option888 comparisons below. We compare side by side some of our top rated Option888 versus comparisons. Read some indepth Option888 VS pages below.

OPTION888 Frequently Asked Questions

Can I try Option888 before I buy?

Option888 offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Option888 accept?

Option888 offer the following funding payment methods accept Credit cards, Skrill, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Option888?

When opening a trading account with Option888, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Option888 trading platforms here.

Is my money safe with Option888?

Option888 is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Option888 is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Option888, this will be honored. If they violate any regulatory rules their regulated status can be stripped.