Is Yes Option a Scam?

Taking the industry by storm, YesOption has quickly become the fastest growing binary options broker in Europe. And for good reasons- YesOption’s advanced pricing algorithms enables them to offer the highest returns in the binary options industry in addition to generous bonuses, which varies upon volume of trading. They are also known for their excellent customer support, no-hassle registration process and tailor made training programs suitable for all levels. If you're looking for a fresh trading experience, whether it be desktop or mobile, we can guarantee that you will find YesOption more than gratifying.

General Information

With headquarters based in the UK, and with six local offices in key markets worldwide (as stated on their website), YesOption integrates the most popular and trusted trading technology in the industry, powered by SpotOption. At YesOption there's always something extra happening; from exclusive promotions (free iPhone…free Macbook…), to their asset of the week offer and much more. Also, you may want to check out their financial news page which is very beneficial. Here you'll find daily to weekly market summaries, major weekly economic events and daily charts and analysis videos which are nice to use when trading.   

Terms of Trading

Trading on YesOption is simple and intuitive. Unlike the more complicated forex sites, placing your trade shouldn't take more than a few seconds. All you'll need to do is choose an asset, select an expiry time, place the investment and predict the direction of the asset. As for returns, YesOption allows for high payouts on short term trades starting at 80% profit on the classic options, moving all the way up to 500% profit on their all new FX/CFD option, which we'll add may be a bit risky for beginners. Another nice feature is the 'spot follow', a social trading option where you can follow the top ranked traders, view and copy their live positions.  

Registration

Opening an account at YesOption is free of charge. Trading of course isn't. To begin trading, you will need to deposit an initial amount of $250/ €250/ £250. To begin, simply click on "open account" on the top menu and you be taken to the sign-up form. The entire process shouldn't take more than 3-5 minutes after which you're ready to begin. Based on your initial deposit you will automatically be categorized in one of YesOption's four account types: standard, private, premium or platinum, each offering an array of bonuses, benefits and unique advantages. From beginners to pros, there's something there for everyone.

Trading Platform

YesOption provides a clean, user friendly interface, yet highly advanced trading platform powered by the mighty SpotOption. In terms of security, all financial and personal information are protected with advanced security systems, as they should be. Once logged in to your account, you can start trading by clicking "trade now". Here's where the fun begins. Choose between your preferred method: binary, pairs, long term, 60 sec, one touch, ladder, FX/CFD and more.

When it comes to safety of your money, YesOption ensures maximum protection of clients’ funds by keeping them in segregated trust accounts with European investment-grade banks. This basically means that you can sleep much better at night knowing your money is safe.

Trading Assets

YesOption offers a whopping number of over 250 financial assets, including stocks, commodities, indices and currencies. Trading is available round the clock during trading days. On YesOption you'll find all the popular assets like Gold, Oil, EUR/USD, GBP/USD, Dow Jones and our personal favorite- major Wall Street stocks like Apple and Google. You'll also find more advanced assets like BITCOIN/USD, Platinum, Copper and Indexes from anywhere from South Africa to Russia and back. There's a lot a variety here making it easy to trade basically anything you want, whenever you want.

Main Benefits

If you're looking for a trustful broker but also one who offers great benefits and extras, once again, we recommend YesOption. From massive joining up bonuses to exciting promotions (free Apple gadgets anyone?), from tailored account types to tailor made in-house training, YesOption is a one stop shop for all trading needs. On top of the above, you'll also be able to get free access to in-house momentum trading strategy, their wonderful online education center, daily news and market reviews, free Wall Street SMS signals, personal portfolio analysis and if you're a platinum account holder, even 4% extra payout on all assets. Good stuff.

One more major advantage, is YesOptions affiliation with 'The Market Juicer', the developer of ProCopy 3.0, Signals Live Engine and AutoTrader Pro, three essential automatic trading technologies for traders of all levels. We ourselves have traded with the AutoTrader on numerous occasions, and am very happy with the results.

Option Types

YesOption offers six main instrument types to choose from:

Classic binary options trading: High/Low

Short term trading: from 60 second trades to 3 minute trades

Long term: from a week to a year

One touch: Touch/No Touch

Ladder Options: multiple predictions on a particular asset and expiry time

FX/CFD (with potential profit up to 500%)

Each of these instruments can be used in a wide variety of binary options trading strategies.

Education

And as far as education goes, YesOption does a magnificent job here too. Thorough, easy to follow and comprehensive are just a few words that come to mind. If you're just starting out, YesOption's Academy is an absolute must with a full introduction video library with over 15 high quality videos, in addition to more great e-books, tutorials and courses on every topic you need to know to become a skilled trader. For the more experienced, YesOption offers advanced videos, guides to the latest binary strategies (Tunnel, Fishing Strip, and T-Chaser just to name a few), in depth courses, advanced binary e-books and more. In the world of binary options, they say that any online broker is only as good as the education they offer. And YesOption is as good as they come. Tip from us: combine this great online resource with one-on-one personal training to become a skilled trader in less time.

 Support

Another highly important factor when choosing a broker is the level of service and support they offer. Although we only used customer support on numerous occasions, the service we received was always professional, prompt and efficient, with no complaints. At YesOption, you're always one click, mail, phone or live chat away from a pro broker whose job is to aid you whatever the question or inquiry. Personal tip: never be shy when it comes to inquiries. That's what they're there for. YesOption offers 24/5 support during all trading hours.

Withdraw/Deposit

Once again, everything is done with high standards of efficiency. YesOption makes the entire banking process simple and safe by offering a large array of deposit/withdraw methods, from credit cards to wire transfer. Since we've been with YesOption, we have yet to experience even the slightest glitch when depositing or pulling profits. All transactions on YesOption are secure and protected (you can verify this by noticing the 's' for 'secure' after the 'http' in the URL address).

The minimal and maximum deposit amounts are as follows:

Minimum deposit is $250 / €250 / £250 / ¥20,000

Maximum deposit for a single transaction is $8000 / €8000 / £8000

Of course, to process a withdrawal you must make sure all your documents are uploaded (proof of ID, residence, payment method verification). After all your documents are in order your withdrawal request should be as simple as pie.

Broker Pros And Cons

There's a reason we were asked to review YesOption. The reason is that we actually trade with them and have been doing so for over a year.  During this time, I'm happy to say we've improved in all aspects of binary options trading, owing much of our success to the great platform, service and resources that YesOption put at our disposal.

Honorable pros: great customer service, advanced trading platform and options, high payouts, attractive bonuses, wonderful education center, and extensive list of assets.  

Mentionable Cons: no demo account, limited languages (currently English and German).  

In conclusion

If you're reading this you're probably a binary options trader. And if you're a binary options trader, you should definitely try out YesOption. We've already stated all the benefits and even a few minor cons. Altogether, we find that YesOption gives us everything we need and more. Both the quality of trading and customer support are top notch and once again we'll just state out the magnificent online academy, made available upon signup. Our personal verdict: a big YES to YesOption!