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SuisseOption Broker Review 2020

FairBinaryOptions Broker Certificate
  • Min. Deposit $250
  • Max. Payout 86%
  • Min. Investment $15
  • Mobile Yes
  • Software AirSoft
  • Live Chat No

 

SuisseOption is a recently launched forex and binary options broker which provides trading for a range of assets including all the most popular currencies, stocks, indices and commodities. Their website claims to offer the leading trading platform for binary options and also provide many extra features which traders will find useful such as financial trends, market news, security features and training materials.

Our SuisseOption review will go into further detail on the pros and cons of trading with this broker. Read on to find out about account types, platform features, customer support and payment methods.

  1. Website Preview

  1. SuisseOption Account Features

    SuisseOption provides traders with 4 types of accounts, each of varying minimum deposit and catering to different levels of traders, from beginners to more professional trading enthusiasts. Additionally, they also provide the option of an Islamic account, which is available upon request and follows the Sharia Law.

    Green Account

    • Minimum deposit $250
    • Ebook
    • Academy
    • More than 219 trading instruments
    • 50% welcome bonus

    Gold Account

    • Minimum deposit $1000
    • Dedicated account manager
    • 5 risk free trades
    • 3 weeks of trading signals

    Platinum Account

    • Minimum deposit $5000
    • 10 risk free trades
    • Trading signals
    • Senior account manager
    • Expert trading analyst sessions
    • 75% welcome bonus
    • No withdrawal fees
    • Weekly one-on-one sessions with trading expert

    Black Account

    • Minimum deposit $15000
    • Full education package
    • Premium contract options
    • Personal senior account manager
    • 100% welcome bonus
    • Up to 5% CashBack rebates
    • Daily one-on-one session with trading expert

    SuisseOption offers traders a first deposit bonus, however withdrawal of any profit made using the bonus is subject to x30 turnover.

    Unfortunately, there is no option of a demo account. However, upon opening a real account with the broker, traders get access to a trading simulator that mimics real trading conditions on the SuisseOption platform.

  2. SuisseOption Trading Software

    SuisseOption implements the AirSoft trading platform which is easy to navigate and user-friendly. Unfortunately, however, there is no preview of this platform before opening an account with the broker.

    They claim to offer a range of over 219 trading instruments but we were unable to find more information about option types and expiry times without a platform preview available. This should be remediated in order for traders to get a better idea of what kind of trading they can expect with this broker.

    The SuisseOption platform is available as a trading app on both Apple and Android mobile and tablet devices so traders can access their account from virtually anywhere.

    SuisseOption also claims to provide Forex trading, however, on closer inspection, we found that this is more similar to binary options currency pair trading.

    Your capital might be at risk
  3. SuisseOption Support Information

    We found SuisseOption customer support to be rather lacklustre; while they claim to offer services 24/5 from Monday to Friday, the only way to get in touch with the broker is either by email or by phone support in the UK. However, they do provide a call-back feature which can be considered useful to some.

    The absence of a live chat is especially disappointingly at a time when most binary brokers offer this as a standard feature. SuisseOption also lacks an FAQ and education section; these features are generally a good way for traders to get more information about the broker and how to use the trading platform. The education section can only be accessed on opening an account with the broker.

    The website is available in only English, Russian and German; it would be in the broker’s interest to provide the option of more languages in order to reach a larger trader base from all over the world.

    Support Information
  4. SuisseOption Company Information

    SuisseOption is owned and operated by Primary Stream Limited, a company registered in Kowloon, Hong Kong.

    As previously mentioned, the minimum deposit amount is $250. The broker’s website does not make any mention of minimum withdrawal amount or withdrawal fees which we found to be a bit a bit sketchy.  Before making a withdrawal, traders are required to file a request form. The whole process takes around 2 to 5 business days but may take longer depending on the method used. When withdrawing to credit cards, traders are only permitted to withdraw their deposit amount and any additional profit must be withdrawn through bank wire transfer.

    The absence of any regulation by a renowned financial watchdog like CySEC is always a red flag. While we have not received any reports of scam activity associated with this broker, we urge traders to take their money elsewhere and opt to trade with a regulated broker

    Although SuisseOption claims to keep customers’ funds in a segregated bank account, this is no guarantee that it should be trusted. Traders considering trading with this broker should proceed with caution and ensure to have all necessary information before making a deposit.

  5. Your capital might be at risk

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