Al Option
Al Option – a brokerage company that offers trading various assets on an innovative platform equipped with artificial intelligence. The broker claims to use the fastest-growing platform in the world and offers trading in the following assets:
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cryptocurrencies,
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currency pairs,
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stocks,
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commodities,
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stock indices,
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metals and energy sources.
The broker did not provide information about registration, only stating that the company was opened in the Seychelles. They offer to contact customer support through an internal form, email, or by phone.
Documents and license information are available, stating that “Al Option” activities are regulated by European financial security. Users can also familiarize themselves with trading conditions, privacy policy, and risk warning on the website.
Access to trading can be obtained through two domains:
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aloption.io,
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cfd.aloption.io.
The main advantages of the broker AlOption are:
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Use of modern market tools.
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Access to an educational community.
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Trailing stop-loss tool to protect traders’ funds.
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Expert trading assistance.
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Multi-language customer support.
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Automatic trading on the platform.
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24-hour trading access.
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Detailed analysis of price dynamics.
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High liquidity of transactions.
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Provision of personal manager services on certain account types.
The broker AlOption also promises an equally high level of service for all types of accounts.
Trading Conditions at Al Option
Traders at “Al Option” are offered three types of trading accounts:
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“Starter”, initial deposit – $250, minimum trade size – 0.01 lot. Leverage up to 1:50. An optimal option to try trading. The user has access to 1 trading lesson and round-the-clock support from managers.
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“Basic”, minimum deposit of $14,000, trade size – 0.08 lot. Leverage 1:150. This account type is suitable for experienced traders. Users have access to free trading signals, technical analyst assistance, a dedicated broker, and 4 trading lessons.
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“VIP”, deposit – $50,000. Leverage 1:500, minimum trade size – 0.15 lot. Users have access to all the specified options, 8 trading lessons, and exclusive ICO invitations.
The broker emphasizes the convenience of using their trading platform, which they developed themselves. The platform is available for free, offering over 1000 trading instruments. A convenient feature is the ability to view multiple charts simultaneously.
Account Funding and Withdrawal at Al Option
In the “Funding” section, the broker “Al Option” offers to fund the account with traditional currencies and claims that every funding method can be found here.
Users can buy currencies or cryptocurrencies using bank transfer, credit card, debit card, and electronic payment systems. The same methods can be used for fund withdrawals. The company promises not to charge a withdrawal fee from their side.
In the personal account, users can track their transactions in real-time, allowing better control of expenses.
Conclusion
On the Al Option website, there is a section with reviews where people leave positive impressions about the broker’s work. The company’s terms look favorable, and the trading platform seems convenient. However, trading in any financial assets carries high risks, so it’s better to delve deeper into the information and read reviews on external sites before starting to work with the broker.
I had a highly disappointing and immensely frustrating experience with Al Option. The level of professionalism displayed by the broker was extremely low. Clear information was rarely communicative and not timely provided, leaving me in the dark more often than not. The customer support was utterly unhelpful and at times, even downright rude. The fees were also significantly high and not justified for the level of service offered. The trading platform was consistently problematic with recurring technical issues. Overall, I would strongly advise against using Al Option for any sort of brokerage needs. Trust is paramount in financial matters and Al Option failed to provide that.