Swift Option Review
Swift Option ReviewMarch 2, 2014
Swift Option is the newest Tradologic-powered binary options broker accepting US traders and offering 60 second options as well as returns of up to 81% on your investment.
- Minimum Deposit: $200
- Minimum Trade: $5
- Welcome Bonus: Up to 50%
- Demo Account: No
- Accepting US Traders: Yes
- Auto Trade: Yes
- Extend: Yes
Swiftoption is powered by the Tradologic software, considered by many to be a top tier trading platform.
Security & Safety:
Management places great emphasis on all issues related to security. This is why there is an 128 Bit SSL Key which encrypts all the cashier transactions.
Signing up is a very simple and straightforward process. All you have to fill out is your first and last name, your email, and choose a password before clicking the start button.
The actual trading arena is very user-friendly and intuitive. The contracts are a highly visible and a click away, and the simplicity of trading is really one of this broker’s strong sides.
If you wish to trade using your iPhone, Android, or smartphone you will have to find a broker like Bloombex Options or Cherry Trade. iPads and Tablets are all accepted with either of these two recommended broker, as well as a wide range of other smart devices.
Bonuses and Promotions:
Bonuses vary and depend on your VIP level and the amount of money you wish to invest. Naturally the more you invest the higher your incentives. Swift Option also offers cash back bonuses, insurance plans, and risk-free trades for VIP traders.
Swift offers the standard package for Tradologic brokers.
Digital: Trade the direction and guess correctly. Up or Down or Above/Below, those are your only options.
Touch: Simply determine whether the asset’s price will reach or exceed a given rate during the option’s contract time. When entering touch contracts, you will view the strike price in the center, with the aforementioned rate over it displayed as the top barrier and the rate underneath it being the lower barrier.
One Touch (AKA Barrier): These options work the same way as touch options do with one main difference – the option can only be a winning option when the rate touches the barrier. In other words, a winning option can expire prior to the predesignated expiry time.
Range: This option lets you choose a strike price which is in between two price ranges. The top one has the higher rate, and the one below the lower one. If you guess in between them your contract will expire in the money.
Turbo: This is basically the standard 60 second options and other short term contracts such as 2, 5, 10, and 15 minutes.
- Currencies: USD/SEK, AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD,NZD/USD, USD/CAD, USD/CHF,
USD/JPY, USD/NOK, USD/RUB,
- Major Stocks: Amazon, Apple, Baido, Google, CITI, BP, Chevron, Danone, Coca Cola, Intel, Honda, Microsoft, Nike, Sony, Repsol, Mcdonalds.
- Commodities: Copper, Oil, Gold, Silver.
- Indices: CAC, Ibex, Bovespa, Dax, Ftse, Nasdaq, Nikkei, S&P, Topix
Swift accepts all major credit cards including Visa, Mastercard, Diners, and Amex (American Express). Paypal, Neteller, and Moneybookers (Skrill) are not accepted. Withdrawals are done via wire transfers only.
The level of support is very impressive. I was immediately referred to a key account manager who helped me develop a trading strategy and we discussed money management and trading the news.
Conclusions and Recommendations: Swift option provides a simple and effective trading environment for amateur as well as more experienced traders. I would recommend it to my colleagues any day. Total Score is 9.2/10