One of the newer binary options brokers, RBOptions started operations in 2014. Using the popular Spot Option trading platform, this broker is owned and operated by Zulutoys Limited in the Marshall Islands.
Not yet licensed or regulated, I have found that RBOptions has had a good response from investors. While they have had some complaints, the majority are from traders who did not follow the anti-money laundering regulations.
RBOptions allows traders to invest in several formats of binary options trading including ladder, one touch, along with short and long term. With over 70 various assets in stocks, currency pairs, commodities and market indexes, investors have many options to choose from.
RBOptions also offers a great binary options trading educational department. Rookie traders can receive some great lessons on trading in binary options before risking their money.
RBOptions Deposit Terms & Conditions
First, anyone creating an account with RBOptions must be legal age (18 or older).
Upon creating an account, certain documentation is required. This will also make it easier when you are ready to withdraw your funds.
RBOptions will need a copy of your photo ID, a copy of a utility bill with your name and address and a copy of the credit card that will be used to deposit. These are required for AML regulations.
The ways a person can deposit are by credit or debit card, Skrill or Bank wire. Processing time is immediate for all but bank wires. Bank wire processing can take up to 5 business days.
RBOptions Bonus Terms & Conditions
While RBOptions does offer some very attractive bonuses, investors should consider the stipulations associated with those bonuses closely before accepting that bonus.
With RBOptions, the requirements state that investors must trade a volume of 20 times the bonus plus the deposit before withdrawals can be made of said bonus, or any profits made from that bonus.
So, if an investor deposited $500 and received a $100 bonus, that would mean they would have to make trades in the volume of $12,000 before they could withdraw that bonus or any profits.
This condition for bonuses is quite high, so I recommend considering it closely before accepting any bonuses.
RBOptions Withdrawal Terms & Conditions
RBOptions states that the minimum withdrawal amount is $100. The first 2 withdrawal requests in any given month are free, but any after that are charged $30.
Withdrawals are processed back to the same method the deposit was made. Upon submitting a withdrawal request, it can take RBOptions up to 3 business days to process that request, and it can take 5 to 7 days for the funds to reach your account.
As long as traders submitted their compliance documents mentioned in the deposit terms, withdrawals are no issue.