Note: 33option's official website: https://33option.com/ is currently inaccessible normally.
Founded in 2013 and based in Cyprus, 33option is a European binary options broker. It supports trading in stocks, indices, forex, and commodities on the TechFinancials binary platform with a minimum deposit of $250. However, the broker lacks legal regulation from official regulatory institutions.
Pros and Cons
Is 33option Legit?
33option lacks legal and formal supervision. According to on-site investigations by surveyors, the physical address of 33option does not match the regulatory address.
Meanwhile, it is operated by BO Tradefinancials Ltd., a Cyprus investment company (CIF) that was licensed by the Cyprus Securities and Exchange Commission (CySEC). However, its CIF license was revoked in July 2018. In addition, CySEC has imposed a fine of €138,000 on BO Tradefinancials Ltd. for certain regulatory violations or liabilities.
What Can I Trade on 33option?
33option offers four types of market instrument: stocks, indices, forex and commodities. However, since it lacks legal regulation, trading these market instruments on 33option poses a high risk of financial loss.
Trading Platform
33option supports trading on TechFinancials, a platform developed by its sister company. This trading software is currently one of the leading binary options platforms and is entirely internet-based. It is equipped with some excellent risk management tools, allowing you to cancel executed binary option trades within three seconds.
However, you still need to remain vigilant because 33option lacks legal supervision.
Deposit and withdrawl
33option supports multiple payment methods: credit/debit card, bank wire transfer, Skrill, Neteller, Giropay, AstroPay, WebMoney, Qiwi, cashU, Sofort, and Ideal.
You can withdraw for free once every 31 days. Additional withdrawals will incur withdrawal fees of $30, or the equivalent in euros, pounds, or local currencies, depending on the transaction currency.
