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  Grand Option Review
  GrandOption is a new broker which has some trading innovations on the platform. Part of a strong group here is a real trust brand:
Grandoption Logo

Grand Option is active since 2013 and is part of Rodeler Limited with its headquarters located in Limassol, Cyprus. Rodeler Limited is not an unknown entity. In cooperation with Grand Option, Rodeler runs one of the most popular binary options brokers on the market. This does raise expectations. However, those who don't want to get to like the English website and prefer German customer service should read our current, comprehensive review of Grand Option instead. Click here if you want to read the review.

Pfeil grün Trading Tools at Grand Option

There exist four core asset groups in the range of binary options: forex (fx), commodities (co), stocks (st) and indices (in).

In terms of tradable underlyings, Grand Option offers a choice of 77 individual values. This is barely above the sector average. On a positive note, it should be stressed that all 77 underlyings are distributed homogeneously across the individual asset clusters (currency pairs, commodities, stocks, indices). Even the commodity sector, which is oftentimes underrepresented at many brokers with merely 3 or 4 values, has at least 8 values through three additional pairs at Grand Option.

What are the types of trading and underlyings?
In case of binary options (referring to the binary numeral system – 0 and 1), there are always only two outcomes. Either the predicted result occurs or it doesn’t occur. This concept makes up the core of all types of trading in the area of binary options – starting with the classical call/put option, one-touch options (chance to score considerably higher yields at a respectively higher risk), range options (division options) as well as turbo-trading (put/call options with a particularly short duration). All these types of trading are offered by Grand Opening; the periods at the turbo-trading already begin with an overall duration of 30 seconds.

Clients cann also use classic Forex Tools such as Stop Loss or Take Profit. Grand Option is the only broker with this offer on the market. Click here for more info.

For now, clients of Grand Option have to waive the possibility of creating individual options with an appropriate trading tool. This tool is commonly known as Option Builder for the majority of brokers. Indeed, aside from the usual currency pairs, three additional pairs are provided (gold/EUR, gold/JPY, gold/silver), but it is still not enough to rate Grand Option as a broker that offers the so-called pair trading.

At pair trading, two values are directly compared, e.g. Google versus Apple. The trader then has the opportunity to analyze and to decide on whether a value performs better or worse. StockPair is a broker who specializes in pair trading. That broker was able to almost completely win us over in the course of our test. Click here to get to our comprehensive StockPair review.



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Grandoption Trading Room

Pfeil grün Trading platform and security at Grand Option

The trading platform of Grand Option instantly makes a positive visual impression through its modern style. Yet, the design is not only visually appealing, but also highly functional. Thus, the trading platform is clear and intuitive to use. Since the trading platform constitutes the core of a broker, we rate this as a clear advantage. The trading platform is already usable before the first deposit.

But taking a look at the mobile presentation, our test result turns out to be considerably more negative. The reason is that Grand Option doesn’t offer any native apps at the moment – neither for Apple (iPhone, iPad) nor for other devices running Android, Windows Phone and BlackBerry. Likewise, a cross-system web app is not available. In a time where it’s common that more than half of the visitors access the website with a mobile device, this should be improved urgently.

Pfeil grün Customer service, banking & bonus at Grand Option

You cannot expect German customer service from a broker, whose entire online presence is not yet translated to German – and that’s exactly how it is. The English customer service offered by Grand Option is accessible on weekdays, 24 hours a day – via telephone, live chat, email, fax and a contact form available on the website.
Grand Option grants every new customers a bonus, although there is no universal information regarding its extent. Depending on the magnitude of the first deposit, a bonus hovering between 50% and 100% is possible. Grand Option also features flexible bonus conditions. When a particularly enticing bonus (100%) is granted, it has to be wagered at least 50 times before they cash out the bonus and the thereby generated yields. In case of a bonus of medium extent (50%), they only request a 30-fold turnover.

Thus, in the event of a granted bonus amounting to €1,000, you have to create a trading volume of at least €30,000 (30 x 1,000) or €50,000 (50 x 1,000), respectively. A bonus without deposit is not feasible. If you are interested in free trades (trading without risks), a consultation with the concerned account manager will be necessary.

Pfeil grün Verdict on Grand Option

Looking at the big picture, GrandOption falls not behind its sister broker 24option by comparison. However, it does already exhibit certain strengths, especially in the light of its young age. The sizeable range of services and the friendly capable customer service are particularly impressive.

Above all, Grand Option has to improve their mobile presentation. Currently there are neither native apps nor so-called web apps available for users with smartphones and tablets. Aside from Grand Option we were also satisfied with the mobile design of BD Swiss and OptionFair. Click here to get to our BD Swiss review, or click here if you want to read our comprehensive OptionFair review instead. Last but not least, here you can find an interesting article and overview about trading with smartphones and tablets.



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Grand Option Rating
Overall: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung - halber Stern
Stocks: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Indices: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Currencies: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Commodities: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Trading Software: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Bonus: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Website: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Mobile: Mobile für iphone mobile für Android etc. Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Languages (16), i.e. Englisch Language German Language Spanisch Italian French Português Русский
► Trade now at Grand Option ◄

Grand Option Informations
Website http://www.GrandOption.com
Asset Index at Grand Option
Currencies 24
Commodities 8
Indices 16
Stocks 29
Trading Information on Grand Option
Return up to 89%
High Yield Return up to 310%
Loss Coverage n/a
Min. Investment $/€ 25
Option Types High/Low, Touch, Range, Turbo
Expiry Times 30, 60 Sec, 2, 5, 10, 15, 60 Min, 24h up to 1 month
Grand Option Infos
Demo Account yes
Webtrader Software yes
Mobile Trading not yet
Bonus variable
Min. Deposit $/€ 250,-
Support at Grand Option
Working Hours: 24/7
Phone Intl. UK: +44 20 315 00 328
Support e-Mail info@grandoption.com
Live Chat yes
Adresse

Kolonakiou Street 39
4103 Limassol
Zypern

► Trade now at Grand Option ◄

Grand Option Payment Options
Visa
Visa
Überweisung
Wire Transfer
Mastercard
Mastercard
Skrill Moneybookers
Skrill Moneybookers
► Trade now at Grand Option ◄
   
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