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
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
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.
| 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 platformsOption888 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 |
|
|
|
|
| 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.
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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
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.