Stern Options Withdrawal

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Stern Options Review

Rating:

Do you expect something great from trading with Stern Options binary broker? In this review, we will investigate Stern Options carefully to bring you the most up-to-date information about this brokerage firm!

Min. Deposit: $500 Demo: N/A

Platform: SpotOption Bonus: N/A

Regulation: N/A US Clients: N/A

Stern Options is a new broker that was found in 2020. During our review we found out that it is located in Scotland and is owned and operated by the BP1 LP. Our Stern Options review has identified that this binary broker is not licensed by any recognized authority. Hence, Stern Options does not accept clients from the US, which is a good sign from traders from other countries, since it shows that this broker cares about its clients and does not want to risk being sued by the US authorities.

Stern Options Trading Accounts

Traders usually expect brokers to provide flexible account conditions that will allow getting most out of their strategies. As for Stern Options it offers one live account that can be opened after depositing 300 USD or the equivalent amount in EUR, GBP or AUD. But, with this account you will be able to get everything right away. All features that are usually available only for VIP users at some of the brokers are available here even with a min. deposit.

Stern Options Trading Platform Review

The most popular software choice among binary brokers is SpotOption. Stern Options follows the suit and you can find this web-platform offered on the website. There are different types of binary trading. Let’s list them further in our Stern Options opinion.

  • Binary options
  • Pairs
  • Long Term
  • 60 Sec
  • One Touch
  • Ladder
  • FX/CFD
  • Limits

Unfortunately, iFollow feature is not offered here. We hope that Stern Options broker will develop this feature in the nearest future and all of its clients will be able to enjoy social trading.

Stern Options Reviews: Customer Support

Customer support at Stern Options is available via email, telephone and live chat. Unfortunately, live chat is not available 24/7 but the phone support is. Its support speaks English, German and Arabic languages. Also, there are dedicated phone support numbers available for Scotland, UK, Australia, Germany, Switzerland, Austria and Saudi Arabia.

Deposits and Withdrawals

Either to deposit or withdraw funds, you can use credit/debit cards and wire transfers. The minimum deposit amount using wire transfers is $500 with 20 USD commission.

The website tells that the withdrawal process is smooth and fast. Stern Options broker charges a fixed fee of 3.5 % for withdrawing with the card and 15 USD commission for each withdrawal via wire transfers. Also, as a usual practice for the industry, it takes approximately 7 business days for funds to reach your bank account.

Stern Options Review Conclusion

Is Stern Options legit? Yes it is. Even though, this broker does not have any license, it offers the best binary options trading platform as well as good customer support. We hope that it will implement iFollow feature soon and we will be able to test it! We can definitely say that Stern Options scam claims are not true.

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Binary Options Hub is a website dedicated to making binary options trading industry more transparent, honest and reliable. Our mission is to supply binary options traders with honest binary options reviews and also to provide a detailed reivew of the binary options trading platforms. Note that binary options trading involves a high level of risk itself and it is much risker when you trade with unregulated binary options brokers. Also there are a lot of binary options scams in this industry. Binary Options Hub is here to guide your through the available offers on the market and assure that you are always making a right choice when it comes to selecting the best binary options broker or top binary options trading platform. Trading binary options is quite fun and exciting process that may also result in financial gains, however it is also very risky. Please note that Binary Options Hub does not take any responsibility for your investment decisions. Binary Options Hub also recommends you to consult with an expert before engaging into binary options trading activity. Please read our full disclaimer and risk warning to understand the risks of binary options trading better. Do not deposit more than you are willing to risk.

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Stern Options Review

Stern Options Review: Binary trading has gained popularity over a short period of time, which has led to the entry of many brokers and traders in the foray. This has thrown numerous choices at the traders and traders needs to make a wise decision before taking the big leap. Our endeavor always has been to appraise our readers with up to date information about various brokers and help them take the informed decision. It is not easy task to choose right brokers, option robot or signal service from numerous options.

The summer of 2020, witnessed the entry of a Stern Binary Options Experts. Today, we will review the Stern Binary Options Experts and provide comprehensive analysis for our reader’s consumption. The detailed review has been enlisted hereunder.

Stern Options Review

Various experienced professionals from the finance field got together and create an organization named BP1 LP. The BP1 LP is the owner and operator of the website of Stern Binary Options Expert, also, it takes care of the billing and payment services of the website.

The disheartening fact is that the website neither provide information regarding registration about the company nor about the license. The about us section of the website also doesn’t provide any important information rather it uses generalized terms to describe and boast the team behind the Stern Options and the platform it utilizes. No information on the website, regarding the registration or licensing, provides the first warning signal. Traders are advised to go through term and condition of the website before embarking on their trading journey.

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  • 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.

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    The Platform

    The website utilizes the SpotOption to provide the trading platform to their clients. The SpotOption is a well-known name in the trading arena, and it provides very intuitive and user-friendly interface for the users. The trading platform provides a real-time trading environment to the users. The website of the Stern Options is aesthetically designed with the gray, black, and white theme to give a professional look and soothing feel. The broking company claims to have the professional environment and provide 24 x 7 customer support to their clients.

    The aesthetics of the website is designed, keeping in mind, every customer age group. The menus and other elements are neatly placed, and the gray theme allows to see each and every aspect clearly. The navigation from one tab to another is also seamless and provides the unparalleled user experience. The platform offers a variety of option types including currency pairs, long term, 60-sec, one touch, ladder, amongst others. The trading platform also allows the user to put limit orders along with an option for social trading through spot follow option type. The brokerage house offers numerous assets including currency pairs, commodities, stocks and select indices to trade.

    The organization takes pride in providing world class education material free of cost and provides an access to each and every visitor of their site. The top class education material is designed to suit entire strata of traders; from the beginners to the seasoned professionals, and is accessible 24 x 7, making it easy for the user to learn during their suitable time. The learning curve of the education material is designed in a way to make a novice trader to an expert one. The education material provided on the website includes series of video tutorials on the introduction of the subject, knowledge library for binary strategies, introductory tutorials, and videos for learning the platform, e-books, and economics. Also, the registered users of the website have an access to various webinars conducted regularly by the brokerage house, to educate and update the users on various economic events. The education material on the website is one of the best we have seen in the binary brokerage space.

    Stern Options Main Page

    The company requires generic form filling to register on the website and requires a minimum deposit amount of 250 either in EUR / GBP / USD / AUD. The organization requires you to fulfill Know Your Customer and Anti-Money Laundering guidelines, and if someone does not follow the guidelines then his or her account can be suspended with the provision of holding back the account accruals. The discomforting fact is that the brokerage house does not offer a demo or free account for practice and to understand the platform. Though the minimum deposit amount is kept at $ 250, it allows minimum investment amount of $ 25 and payouts up to 94 percent on the investment amount. The minimum deposit amount and investment amount is quite high for a binary broker, as many of the established and well-known brokers offer minimum deposit amount as low as $ 10 and minimum investment amount of $ 1.

    In the world of mobile phones, the company neither offer android application nor an IOS application for the customers on the move. This also adds to the cons of the brokerage house, as almost all the binary brokers offer to trade on the mobile devices. The Stern Options offers an only web-based solution for their customers.

    Deposits and Withdrawals

    The brokerage house provides easy deposits and withdrawals in the accounts. The company restricts minimum deposit to 250 either in EUR / GBP / USD / AUD. The broker offers the usual credit and debit card deposits along with wire transfer for the convenience. It also offers deposits through Skrill, PaySafe, Amex amongst others. The maximum amount for deposit is restricted to 20,000 either in EUR / GBP / USD / AUD, for credit or debit card or Skrill transaction, while it allows depositing unlimited amount through wire transfer.

    The Stern Options follows KYC and AML guidelines rigorously to allow withdrawal to designated customers. The organization requires signed and completed declaration of deposits (DOD), proof of identity and address, a copy of credit or debit card used for funding the account, and a unique voice signature of the customer to complete the withdrawal process along with withdrawal form. The Stern Options does not restrict the minimum withdrawal but the withdrawal process may take up to 7 days to get completed.

    Signup and Bonuses

    The website has a straightforward registration procedure. The form filling requires all the mandatory field to be filled along with e-mail verification to enroll, and once the initial amount has been deposited in the account, one can start utilizing the state of the art platform. The registered users have to fulfill the KYC and AML guidelines as discussed in the above section to initiate withdrawal of funds.

    The website does not discriminate between small and large traders with added benefits for the higher depositing account. All the enrolled users have an access to all the facilities and features of the website.

    The organization offers bonuses from 500 either in EUR / GBP / USD / AUD and upward. The customer needs to attain a 27x volume of the amount of bonuses received in order to withdraw the funds. The bonus terms and conditions are in line with the other brokers in the arena.

    Stern Options Trading

    Payouts and Trading

    The Stern Options offers payouts up to 94 percent of the investment amount in certain options time, this is a big positive as the payouts range falls in the upper band of the offerings from other brokerage houses. The Stern Options offer a range of the assets for the trading including currency pairs, commodities, select stocks, and indices through short-term, long-term, ladder, one-touch, and 60-seconds to suit the need of entire spectrum of traders. The organization also allows the users to follow the successful traders through spot follow options, wherein a client can follow the transaction done by the successful traders and replicate their trades.

    The range of the assets and options types provides comprehensive choices for the traders. Also, the maximum expiry duration allowed is up to 7 days which suits the long term options brokers along with a short duration of 60-seconds for the short term traders. The expiry range is definitely suitable for both short-term and long-term traders but as the brokerage house does not provide spread and other risky options type which might deter the high-risk traders.

    As discussed earlier, the broking company does not offer a mobile application, which can be a deterrent for the customers who prefers to trade while they are on the move.

    Customer Support

    The company takes pride in their customer support system as they have built one of the robust systems for the customers. The support can be reached through e-mail, web chat, phone, and web-form for various requirements. The company has dedicated e-mails for the specific requirements like; for general support and for compliance related queries.

    In the event, the customer wants an immediate assistance he may connect the customer support through live chat. The customer support is offered in Arabic, and German language besides the English language. The website is also offered in Deutsch besides English language, this is a limiting factor for other language speaking customers.

    The customer support system of the organization looks solid but we cannot comment on their efficacy as we have not tested the responses of the support staff.

    The Verdict

    The review of the Stern Binary Options Experts revealed some very important facets of the brokerage house. The pros of the company include the well-known trading platform SpotOption, aesthetic design of the website, and the rigorous process it follows. The organization boasts of being one of the most customer friendlies in the broker arena. The website shows that the promoter has put in all their experience of financial services into their brokerage foray. The company offers a variety of assets and options type to their customer along with payouts to match the top strata of the binary broking industry. Though the organization offers world class platform to their user, our review revealed that the brokerage house is an unregistered entity. Also, the another discomfort comes from the fact that the organization only accepts minimum deposit as $250, which is quite high for a new entity. Although the learning package of the company adds to positives, the non-existence of demo or free account is a huge negative.

    The offering from the Stern Option is attractive, but we would recommend our readers to enroll to the established brokerage company like OptionRobot. Though the OptionRobot is a trading software it has an affiliation with well-known names like Opteck, , 24 Option, Option.fm, Binary Tilt, Banc De Binary. These affiliated brokerage companies provide state of the art platform with customer friendly support system. These companies have a proven track record of consistent withdrawal process and are regulated too!

    Overall, we would recommend our readers to avoid the Stern Binary Options Expert completely and embark their binary trading journey through the Option Robot.

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    Stern Options Review – is sternoptions.com scam or good binary options broker?

    Basic Information

Broker Platform Sign Up
Custom Start
Minimum deposit Min./ Max. bet size Payout % Platform Regulation
$250 $25/$15,000 Up to 500% (70-85% on most) SpotOption No

Stern Options is a very shady binary options provider. At the time of writing of this review, one can’t open an account with the company. Furthermore their entire website is totally unstructured, features contradictory trading conditions and even has advertisement for other binary brokers.

The Company. Security of Funds

Company Country Regulation
BP1 LP UK, Bulgaria N/A

Stern Options probably gained much of its popularity when New Zealand’s watchdog, the Financial Markets Authority (FMA) issued a warning against them. The cause for it is the fact they had received complaints, due to cold-calling. This aggressive tactic is generally seen as a negative by regulators, especially when done by unregulated companies.

The company behind Stern Options is is BP1 LP, which is registered in the United Kingdom. According to the FMA, Stern Options is being run out of Sofia, Bulgaria. That being said they don not fall under UK, Bulgarian or any regulation.

There are a lot of negative comments by users of the company. The most frequent claim is that they can’t withdraw their funds. This is probably the most serious risk, when dealing with an unregulated company – them simply refusing to pay you.

Trading Conditions

Trading Options: Call/Put, 60 second, Long term, Pairs, One touch, Ladder, Spot Follow, Limits

Assets: Currencies, Stocks, Indices, Commodities

Minimum Initial Deposit

The minimum staring deposit at Stern Options is $250. This is quite high In today’s environment. For instance, FinaCom-regulated Grand Capital, requires only $10.

Stern options requires a $25 minimum bet size. This is quite high and limits the risk management posibilities. Smaller levels are awlays preferable, like the one provided by Grand Capital, where you can risk only $1 per option.

The payout for binary options is typically in the 70%t to 85%, at Stern Options. With the more exotic ones, you can increase the payout up to 500%, although that would obviously entail a less-likely to materialize prediction.

Trading Platform

Stern Options offers the popular web-based platform, SpotOption. It is fairly intuitive (as most binary ones are). Here is a preview:

You can easily switch the tabs on top to view the different the different types of options. Some of them may appear to be complicated for beginners, so proceed with caution.

Stern Options do not have any bonus offers at the time of writing of this review.

Methods of Payment

Payments at Stern Options can be made through several methods, which include Wire transfer Credit/Debit Cards and Skrill.

Conclusion

Stern Options is an unregulated binary options broker. The company has a negative reputation, with lots of complaints by angry customers. Sten apparently also applies cold-calling, as the company has been warned against by financial regulators in New Zealand. While the platform, which Stern Options provides is nice, there are many other companies who also do. Here is a summary of everything you need to know about Stern Options:

Pros Cons
SpotOption platform available Not regulated
Bad reputation among users
FMA warning against the company
No demo accounts
Poor presentation of trading conditions
Broker Advantages

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FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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