ASK Option Review

ask-logo Ask Option is a fairly new binary options broker that uses the Panda Trading System platform.

Owned and operated by PeakMedia Group Ltd who is located in London, Ask Option is one of the few brokers who is allowing traders from around the world.

Founded in 2014, Ask Option offers investors a huge assortment of assets to trade 30 or 60 seconds, or longer such as 2, 5 or 10 minute increments. They also have Range, One Touch and High/Low options available.

Not yet licensed, it seems Ask Option has all their “ducks in a row,” so they should be able to gain licensing and regulation soon.

It seems that overall, traders have been quite satisfied with Ask Option. As new as they are, there will probably be new features added as they grow.

Ask Option Deposit Terms & Conditions

The minimum deposit at Ask Option is $250. Investors can deposit via bank wire or credit/debit card.

To follow anti-money laundering regulations, traders will be required to supply compliance documents before they can withdraw any of their funds. It is recommended that you do this immediately upon depositing.

The needed documents will be:

  • A copy of a government issued photo identification
  • A copy of a recent utility bill showing your name and address
  • A copy of the credit card used to deposit

Traders must be at least 18 years of age.

Ask Option Bonus Terms & Conditions

Ask Option does offer some attractive bonuses, but you will want to consider the trading stipulations before accepting any bonuses.

To withdraw any bonus monies you receive from Ask Option, you must make trades equal to, or above 30 times the bonus amount.

So, if you receive a $100 bonus, you will be required to make trades up to, or above $3,000 before you can withdraw that bonus money.

Many professional binary options traders do not accept bonuses because of this reason.

Ask Option Withdrawal Terms & Conditions

Withdrawal requests are processed back to the same account you used to deposit. The minimum withdrawal for credit cards is $30. For bank wires, the minimum withdrawal is $100 and there is a $30 fee.

As long as you sent in the compliance documents I mentioned before, Ask Option will process withdrawal requests quickly. They can take up to 5 business days to process your request, and it can take up to 7 days more for the funds to reach your account.

ASK Option Details

Website
www.askoption.com
Trading platform
Panda TS
Deposit/Withdrawal Methods
Bank Wire, Credit/Debit Cards
Licence
None
Base Currencies
USD, EUR, GBP, CAD, AUD
Established
2015
Owner
PeakMedia Group LTD
Incorporated
UK
Demo Account
Yes
Expiry Times
60 sec, 90 sec, 2 min, 3 min & 5 min
Trade Sizes
$5, $10, $20, $50, $100, $250, $500
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