UK Options is a binary options broker operated by Worldwide Tech Ltd., a subordinate of the Cedar Hill Crest Villa, St. Vincent-based Smartech Ltd. This broker allows you to enter into their trading system and start binary options investments. Founded in 2014 UK Options claims to be a revolutionary brokerage services. Traders can get access to a personal broker 24/7.

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UKOptions Withdrawal

 The minimum amount that can be withdrawn is 100 GBP/EUR/USD. There are no additional charges for credit or debit card withdrawals.

Traders cannot withdraw their bonuses unless they obtain a trading volume equal to 40 times of the bonus provided. Traders are also needed to submit different documents for identity or physical address verification on the basis of payment method used.

Is UKOptions a Scam?

UKOptions binary broker runs under rules of FSA in United Kingdom and supervised by MiFiD. This makes UKOptions a legal binary broker for UK market. A regularized company does not always mean that it may not cheat traders. UKOptions does not stay on top in the list of brokers with good image in UK market, because there are many complaints about reluctant reinvestment of trader’s money without preceding agreement. There is no hard evidence that points towards a scam but we still advise you to choose another reliable and approved broker for your financial safety.

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UKOptions Trading Account Types

UK Options has four types of trading accounts, which are defined by the deposit amount. These accounts also pull in varying features in terms of promotions and services to clients.

Beginner Account: This account type comes with an opening bonus of 50% of investment, one secure trade and an eBook. Traders also get educational material through email and routine trading signals. The minimum deposit amount for this kind of account is $1,000 or equivalent based on the account currency.

  • Beginner Account: To open this kind of account you will have to deposit at least $1,000. The deposit bonus equals $500 and you will get a free feature – 1 trading signal per day.
  • Experienced Account: This account type draws an opening bonus of up to $3,000 on the basis of deposit amount and comes with 3 secure trades. The minimum deposit amount for this kind of account is $5,000 or equivalent on the basis of account currency.
  • Professional Account: For this kind of account, traders are needed to deposit a minimum of $10,000, upon which they get up to $7,000 in starting bonus.
  • VIP Account: It needs a minimum deposit of $50,000, which comes packaged with up to $30,000 worth of deposit bonus.

ukoptions account types

What we always advice new traders to do is carefully read the broker’s terms and conditions, before accepting any bonuses. Note that traders who are given a bonus are not able to withdraw their funds from their accounts  unless they trade 40 times the value received.

UKOptions Minimum Investment

uk options bankingUK Options traders can deposit and withdraw funds from their trading accounts through wire transfer, Credit or Debit Card or Neteller. There are other payment methods also such as Skrill and CashU acquirable for both deposits and withdrawals.

The minimum investment amount through credit card or electronic payments is $250 or equivalent on the basis of account currency. Whereas the maximum investment per day is 5,000 GBP/EUR/USD. The maximum per month per individual payment process is 15,000 GBP/EUR/USD.

Conclusion: UK Options Withdrawal Policy is NOT Satisfactory

After making detailed research and trying out the withdrawal policy of UK Options, our team concluded that UK Options has a slow and complicated withdrawal process. Our research shows that there are other brokers with a much more satisfactory withdrawal policy. Currently the broker with the fastest withdrawal approvals is BinaryMate – 2 working days on average.