TopOption is one of the most popular binary options brokers. It is licensed to operate in the European Union and has its headquarters in Cyprus. TopOption offers great educational tools such as guides and videos, which will come in handy for beginners. The broker operates on an innovative and user-friendly platform that makes it easy for any type of investor to start trading and expand their portfolio.
How to Open a TopOption Binary Trading Account
This article will show you how to open a TopOption account in five easy steps:
Step 1: Access the application form
On the TopOption website, head over to the upper left side of the homepage where you will see the tab “Open Account.” Click on this tab to access the account registration form.
Step 2: Live account registration
Registering for a TopOption account is free and you do not require any supporting documents. To complete the registration form, provide your information including name, email, password and phone number. This is the information you will use to log into your account later on.
Step 3: Provide personal information
After filling out the live account registration form, you now will fill out the adjacent personal details form. Fill out your date of birth, address, zip code, country and citizenship. Click “Save and Continue.”
Step 4: Provide financial information
On the next page, you will be asked to provide your financial and employment information. You are required to fill out information such as your net worth, employment status and the industry you work in, estimated gross income and your expected account turnover.
Adjacent to the financial information form is the trading experience form. Here, you are required to provide information such as how long you have been trading binary options, how frequently do you trade, the volume of binary options transactions, your level and field of education.
You will also need to select your preferred currency that you will use to deposit and withdraw funds into the account. You CANNOT change your preferred currency afterward, so choose carefully.
Click ‘Save and Continue’ after you complete filling out these forms.
Step 5: Make a deposit
Before you can start trading on TopOption, you need to fund your account. After your account has been verified, you can login to make a deposit. Simply click on the ‘Deposit’ tab at the top right of your page; this will take you to the deposits page.
TopOption offers several methods of funding your account including debit or credit card, wire transfer, Neteller, Skrill and a host of other methods. Each method has its own processing time.
Depending on the payment method you select, you will be presented with a form requiring your details. After filling out the form, click on ‘Deposit’ at the bottom of the page to fund your account.
Advantages of opening a TopOption binary options trading account
· Trustworthy- TopOption is licensed and regulated by CySec to operate in the European Union
· Platform- User-friendly platform powered by markets.com
· Customer support- Reliable customer support
· Payouts- High payouts of up to 85%
· Types of trades- Diverse trade types such as Classic Options, Pro Options, Touch/No Touch, SpeedMaster, One Touch
· Unique features- Buy me out, Roll over etc
· Mobile trading- Trade anywhere and anytime on your mobile device
· Risk management ratio
· Dedicated, live account managers
· Comprehensive educational resources