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RBOptions Broker Review
RBOptions is originally a Canadian binary options broker who has succeeded to spread global in only a few years. They are one of the most transparent companies in the industry and enjoy trusted broker reputation to the fullest. They offer high quality trading experience with SpotOption trading platform with their own style and customization that serves traders nicely. Their education center is wider than average and gives firm basics on binary option trading for beginners. Customer support helps when any assistance is required and withdrawals are one the fastest. Let’s take a better look what RBOptions really is about.
RBOptions in a Nutshell
- Broker: RBOptions
- Platform: SpotOption
- Founded: 2020
- Bonus: Up to 150%
- Return/Refund: 75-90%
- Number of Assets: Over 100
- Minimun Deposit: $250
- Minimun investment: $5
- Maximum investment $1000
- Mobile Trading: Yes
- Us Traders: Not Accepted
- Options: Standard, Range, One Touch, 60 seconds
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, en of the month, end of the year
- Deposit: Multiple Credit cards, e-payments (Skrill, MoneyBookers etc.), wire transfer
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RBOptions has succeeded to go global in only a few years. But is it trutwothy broker or scam? We will tell you the truth, read this before investing!!
How to Make Money with Binary Option Robot
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
With The Real Robot traders can get the maximum potential out of their trades and time consumption. Binary option robot works perfectly in RBOptions and is completely free.
Bonuses and Types of Accounts
RBOptions has four different account types in their selection. The account type is determined according to the initial deposit that the trader makes. At each level of account the trader gets access to additional bonuses, features and also educational support. The minimum deposit is $250 and this gives access to the basic level Silver account. At the other end, there’s VIP account that requires $250 000 account balance excluding bonuses. At each level of higher account it includes also benefits from the previous level.
RBOptions Silver account
- Account balance: $250 — $5,000
- 25% bonus
- an e-book
- demo account
- daily market reviews
RBOptions Gold account
- Account balance: $5000 – $25,000
- event trading
- faster withdrawals
- 50% bonus
- up to $2,500 additional rewards
- market reviews
- 1-on-1 training sessions
RBOptions Broker account
- Account balance: $25,000 – $250,000
- includes all the features of previous accounts
- a dedicated 24/7 broker (personal senior broker)
- money management services
- free monthly webinars
- 100% bonus
- NFP trading signals
- up to $25,000 in additional rewards
RBOptions VIP account
- includes all the features of previous accounts
- up to 150% bonus
- up to $50,000 in additional rewards
- VIP mentorship program.
RBOptions do have demo account and it is an easy way to explore binary options trading.Best Binary Options Brokers 2020:
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!
Most Important Features
SpotOption is one of the most popular trading platforms providers of binary trading and RBOptions are relying also to it. . Reliability and usability are the strengths of this trading platform. It is trusted around the world by tens of thousands of traders in several broker sites. RBOptions has chosen wisely.
How to Trade
RBOptions offer wide range of diverse options such as regular up/down binary options, Pairs trading, Sixtyseconds, One Touch, Ladder, Forex/CFD and as a new feature SpotFollow, similar to IFollow in some brokers which allows to copy leading traders and their investments.
Expiry times vary according to the option type but there is possibility to choose expiration time from 60 seconds and couple of hours to such as end of the day, one week, month or several and rest of the year. It should be enough for professional traders to find the suitable ones.
The ladder options are not available in all broker sites but it is an interesting method. There are also one of the highest profits in ladder option for even 200-400% payback for the investment. Also one touch options offer possibility to enormous payback, even up to several hundred percentages. And therefore these are definitely worth of testing.
Minimum investments start from $5 and gets as far as $10,000 per each single investment. This satisfy most traders for sure.
The full asset list is shown in the RBOptions website.
What to trade
RBOption has a wide range of trading assets. There are around 100 different assets to choose from. These include stocks, indices, currencies, and commodities. Stocks are mostly chosen from well known global companies from different stock markets. All the major companies are included on the list.
Commodities there could be more in the selection but Gold,Silver and Coffee – the most common ones are included.
RBOptions banking service accepts most money transfer possibilities and is very reliable and well secured. They accept credit cards, net wallets and bank transfers.
Following credit and debit cards are included: Amex, MasterCard, CartaSi, JCB, Visa, Maestro and some other cards.
Deposits with these cards will be instant so users can start trading right after the third party transfers the money to the trading account. Same applies for the net wallets. Maximun deposit amount through credit card is $10 000.
Using wire transfer, processing time could take up to 48 hour. To verify their account, users have to send personal information by scanning high quality picture such as photo ID, address verification and credit card verification. It is their duty to identify their customers and this duty come from the banking law in general. Verification might also take day or two and therefore we recommend to do that right away. This must be done anyway before withdrawals can be accepted so it is best to get done right at the beginning.
Withdrawals are forced to carry out with the same method that the deposit was made. Money laundering regulations apply to wire transfer withdrawals. In Gold and VIP accounts withdrawals are carried out on the same day, if the withdrawal is made with something else than through bank wire. Other account level members may have to wait for three days until withdraws are processed. Bonus funds are withdrawable when the turnover requirements are met. Minimum withdrawal amount is $100.
Supported currencies are USD, EUR, GBP, CAD when deposit is made by cards or wire. After choosing the currency it cannot be changed.
The fact that customer funds are kept in separate account increases trust. Safety of funds is guaranteed. This actions from RBOptions are greatly valued.
RBOptions trades can be followed and operated on mobile platform from anywhere in real time. Mobile version is easy to access by signing up through the links in their site and then downloading the app from Google Play or App Store.
RBOptions Education Center offers great tools to get into binary options trading and start right with good trading strategies. They have material for “How to trade binary options”, which is basics of binary options. They have plenty of videos in their academy: Video collections, information about trading, analysis methods and handy eBook with plenty of useful information.
The RBOptions website offers extremely useful economic calendar for upcoming events that helps to prepare possible ups and downs in the market. They also offer Fibonacci calculator that allows traders apply this technical analysis tools to their investment decision making. Market reviews are given daily to support traders information about economical situation in general and also country and company specific news.
RBOptions customer support can be contacted by phone from several countries, and also via e-mail and live chat. Users can contact the support at any time 24 hours a day. Traders can access the list of senior brokers and contact them directly through email or live chat.
RBOptions offer great services and straight forward trading to all who want to trade with binary options. The demo account and video courses help at the beginning and account managers and customers service will also help along the way. There could be more trading assets, but this is not a major problem. D
Overall in our review we will give RBoptions 4,5 stars out of 5 as binary options broker site. [yasr_overall_rating]
Open an account by clicking the button below and get familiar with RBOptions!
RBoptions Broker Review 2020
This broker is closed.
RBoptions is a reputable financial company that is present on the binary market since 2020. Very popular on the Canadian market, but they are growing on the global market too, RBoptions has built strong connections with their clients.
While researching this broker, we have found that RBoptions offers great services and educational options for their clients. They have the transparent business model and provide one-day withdrawals, which is a great advantage when comparing with other brokers in this branch. Read our RBoptions broker review and find out most important facts that could be useful to know before trading begins.
RBoptions Special Features
Depending on the level of experience trader has, RBoptions enabled four different account types that can be used for trading. Each account offers different trading services and higher accounts, of course, offer more valuable services. RBoptions starts with $250 minimum deposit and allows a minimum investment of just $5. Maximum returns that are available with RBoptions are 90% which is considered as the industry average.
RBoptions Silver Account begins with $250 to $25000 deposits. Traders are welcomed with 25% of welcome bonus which can be used to increase their first trading investments. RBoptions has ensured traders get an ebook that can fulfill trader’s knowledge about binary trading. RBoptions Silver account is designed for beginners without much trading experience, and additionally offers RBoptions demo account that can help traders practice without any risks. This account provides daily market news updates.
RBoptions Gold Account ($5000-$25000) includes event trading and fast withdrawals option. When registering with RBoptions Gold account, traders will be offered with 50% of welcome bonus. The gold account provides market reviews analysis and 1 on 1 training sessions.
RBoptions Broker Account is reserved for traders that plan to invest more than $25,000 deposits. This account includes all previous trading services and provides a financial broker that will assist traders while trading. Traders that register with RBoptions Broker account can receive 80% welcome bonus and earn up to $2,000 in rewards. Broker account offers free monthly webinars for its clients.
RBoptions VIP Account starts with $250,000 and higher deposits and up to 150% welcome bonus, depending on an amount of investment. Traders will enter special VIP mentorship program and can earn up to $10,000 in rewards.
While we were researching RBoptions website, we saw that traders can use the economic calendar and Fibonacci calculator that allow traders to calculate their trades and get better results with technical analysis before they start investing. Market reviews are constantly updated and they can be used for technical analysis that will support traders find the best strategy for every asset.
It is important to say that trader’s funds are kept in segregated accounts which empower RBoptions transparency and safety of their client’s funds. When we speak about safety, segregated accounts are always presenting high value to every client.
RBoptions Trading Software
RBoptions is another SpotOption client which offers multiple trading modes and user-friendly interface. The colours on a trading platform are light green, with a visible menu bar that offers important functions. Trading platform offers to choose from four different trading modes where clients can set preferable model. RBoptions has also ensured mobile platform, so traders can easily switch between desktop and mobile version when they want to.
RBoptions offers multiple trading options:
- One Touch
- 60 seconds
- Pair Options
- Long Term
A variety of trading options is always positive as it provides more trading possibilities. Traders with more trading experience can also enjoy activating additional tools like Sell early or Double up.
Expiry times with RBoptions starts with 30 seconds, 60 seconds, 2 minutes, 30 minutes, 1 hr and 24 hr which gives wide assortment to traders.
RBoptions trading platform created a Pro Screen option that allows traders to highlight details on charts they are using. Overall, we are satisfied with RBoptions platform and we think its traders will feel the same. RBoptions trades with more than 100 important assets and traders will have more than enough possibilities to choose from.
Tip: Trade with reputable and regulated brokers on FX-Advisor.
Broker Name: RBOptions Platform: SpotOption Founded: 2020 Bonus: 100% Return/Refund: 75-88%/0% No. Of Assets: 96 Regulated: No Demo Account: No Minimum Deposit: 250 US Traders: Not Accepted
RBOptions is an unregulated broker owned and operated by Zulutoys Limited which is headquartered in the Marshall Islands. The number given is 1-647-846-8231 and there are dozens of numbers for local service representatives in countries around the planet. Clearing services are provided by RB Secured Processing Limited located at 22 Wenlock Road, N1 7GU London, England. Zulutoys Limited is also registered under a virtual address in UK, the company number and address is: 09872729, office 3.11, nwms center 3rd floor, 31 southampton row london england wc1b 5hj.
Update 2020: I no longer find any phone numbers, just different email addresses. Customer service’s email is: [email protected] Further, we fear RBOptions is closing down – find out more below!
Is RBOptions a Scam?
RBOptions is not regulated and also warned against by multiple authorities worldwide. They lack transparency regarding who they are because I could not find any information on them on their website and I had to refer to Google in order to identify Zulutoys LTD as the owner of RBOptions. Their virtual UK address was the only thing I found and that doesn’t mean anything. Furthermore, there are no phone numbers published under “contact us” – only email addresses. They are neither regulated nor allowed to operate in locations they claim to be operating from such as South Africa, Australia, Canada and Sweden which have actually issued warnings against RBOptions. Another sign of scam is the false advertisement mentioning that Yahoo Finance says good things about them which is complete nonsense. All I could find was regulatory warnings, rip off reports and scam alerts. To further strengthen why you should avoid this broker, we also checked their traffic. They have lost more than 5 times their traffic since last year and there was a sharp decline during recent months Jan/Feb 2020 which could mean only one thing – they are ceasing all operations for one reason or another.
Editor’s Note – Why Does RBOptions Suck in 50 Words
The biggest “issue” I have with RBOptions is that they are not regulated, despite being in the business for several years. Moving on to education, although I enjoy the A to Z video lessons, I see that the rest of the education center needs to get “spiced up”. It’s just a few lines in plain boring text. Under construction perhaps? Update 2020: RBOptions sucks because they are warned by so many regulators and now they are closing down.
Why Doesn’t RBOptions Suck in 50 Words
RBOptions used to have a fair reputation as a broker even though they were not regulated yet. It seems they had made some good attempts to help traders reach success. They offered unlimited demo accounts with no strings attached, training and signals for their VIP clients, education, webinars and more. What I really liked was that withdrawals were processed and approved during 3 business days – even for non-VIP members. Too many brokers like to drag this process out as long as possible. For VIP members with larger deposits on the other hand, withdrawals were processed within 24 hours!
Update 2020: RBOptions seems to have ceased their operations. I can’t find the live chat nor the company info. The daily market review was last updated in July 2020, just a month or two before they lost their traffic which is now extremely low! It is best to avoid trading with RBOptions.
Should I Open an Account with RBOptions
RBOptions uses the SpotOption platform which is one of the top platform providers. The platform looks nice, just like any other SpotOption platform so nothing special about it but they have recently added the SpotFollow copy trading option and spot forex. You can choose among, Binary Options trading, Pairs, long term, short term and one touch options.
The expiries vary anywhere from 30 to 60 seconds, 5 10 and 15 minute, daily weekly monthly and even up to 1 year! And if you’ve made a mistake or you simply don’t believe a trade will finish in the money, you can use the “Cancel a trade” feature. However, beware that canceling more than 20% of your trades is considered abuse and any profits will be renounced. Other than trading in pairs and the cancellation feature, the standard account holder can receive a 25% bonus, 3 day withdrawals and the unlimited demo account. RBOptions offers free withdrawals twice per calendar month to Credit Cards for everyone!
Since we did the first review the minimum deposit has been lowered to 250$/€ (from 500) which is now normal. And as I mentioned above, this will give you access to an unlimited demo account and all the features of the platform. Taking a look at their terms and conditions, they seem transparent when it comes to providing information in all areas. As an example, the bonus terms require a turnover of only 20 times the deposit + bonus which is very low considering most brokers set the limit to 40x or 50x times the deposit. However, you cannot withdraw your deposit until the volume is reached, which is clearly stated under the bonus policy.
Update 2020: Despite the goodies mentioned above, we cannot recommend signing up with RBOptions. They should be considered closed due to low traffic and they do not seem reliable due to so many regulatory warnings – even in places they claim to have offices in. Also, notice that the broker is not maintaining the website anymore, the daily market review page has not been updated for almost a year! I can’t find a live chat either and no phone numbers to call. These are signs of a closed broker.
Searching online, we quickly found many scam reports which are further confirmed by multiple authorities as RBOptions has been soliciting clients in various countries without authorization. You can also find them reoccurring in our “scam watch” articles but you can also find complaints below in the comment section.
RBOptions Regulatory Announcements and Warnings
27.09.2020: The Canadian OSC warns Zulutoys and RBOptions and orders them to cease operations. Source: OSC.gov.on.ca
12.07.2020: The South African FSB warns against doing business with RBOptions. Source: FSB.co.za
09.06.2020: Australian ASIC warns investors about dealing with RBOptions which also claim to have an office in Australia. Source: ASIC.gov.au
28.04.2020: Canadian Saskatchewan authority, FCAA, fines and warns Zulutoys ltd and RBOptions for solicitation of clients in the region. Source: FCAA.gov.sk.ca
18.04.2020: FSMA in Belgium warns investors from dealing with Zulutoys ltd and RBOptions. Source: FSMA.be
RBOptions offers bonuses from 25% up to 150% depending on your account. You have to generate a volume of 20 x (Bonus + Initial deposit) to meet the terms and conditions of the bonus before you can withdraw your funds. Since RBOptions allows you to cancel your trades before expiry no canceled trade can be counted as trading volume!
Withdrawals are processed within 3 business days but it could take additional 3-4 bank days before they show up in your bank account. For anyone with a VIP account; using the Money-Booker Skrill to withdraw, you are guaranteed to receive your funds within 24 hours if your request was submitted by 10am GMT. The minimum withdrawal size is 100 Dollars or Euro. You get two free withdrawals every calendar month and after that, additional withdrawals will cost 30$. RBOptions (like any other broker) requires proof of identification and residence before allowing any withdrawals because of their compliance with regulatory anti-money-laundering laws.
User Friendliness 15/20
Everything on the website and the platform is well categorized. You have easy access to support, education, market analysis and the trading platform is easy to use. The colors are nice and comfortable to look at. Edit; you can now choose one of the following languages: English, German, Arabic and Russian.
Update 2020: The daily market review is almost a year old, there is no company info and not much in terms of education.
No. of Assets and Expiry time 17/20
The asset list and expiries are really good. Assets include forex, indices, stocks and commodities with over 100 choices. There are; 41 stocks, 21 currencies, 8 commodities and 26 indices. Expiry ranges from 30 second to 6 months depending on asset being traded. This platform also supports many additional tools such as: cfd, forex, one touch and SpotFollow.
Commissions, Support and Effective Return 11/20
RBOptions does not charge the first two withdrawals of each calendar month but additional withdrawals will cost 30$. There are no fees or commissions for buying options. They claim their support is live 24/7 and offer live chat. I tried it but I never got anyone to chat with. It was during the holidays, but hey, 24/7 means even holidays! On the plus side, the support was addressing the complaining clients on various forums and websites to sort out problems. Finally, moving on to the returns. They are quite high, up to 88% and 80-85% for the major currencies. Update 2020: There no longer is a live chat available, nor is there even an offline chat for leaving messages nor any phone support! You can only email if you wish to contact RBOptions.
Deposit, Payment and Bonus 16/20
Minimum deposit is 250 Dollars which is the typical minimum amount for most brokers. You can deposit via Skrill, CC, Debit Cards and wire transfer which is a real plus. Same goes for withdrawals but using Skrill and holding a Gold Account or higher means you can withdraw within 24 hours! Bonuses require you to generate a volume of 20 times the (bonus + initial deposit) and range from 25% up to 150% depending on your VIP account.
Website Extra’s 12/20
VIP accounts, signals, webinars, one touch options and option builder are a few special services that RBOptions offers. The most important tool is the cancellation feature but you can only use it once in while without getting cut off from trading. Early closure and rollover are also avaliable, as are CFD, forex, one touch and SpotFollow trading.
RBOptions Overall Ratings : 73/100Best Binary Options Brokers 2020:
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!