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1PrimeOptions is a legally registered binary options broker located in Marshall Islands, but not regulated by any government agency.
1PrimeOptions accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Binary options broker offers the following underlying assets for trading.
| 60+ Currency Pairs | Based on major world currencies. |
| 14 Crypto BOs | Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, EOS, BAT, Litecoin, Monero, Iota, Neo, OmiseGo, Ripple, Zcash. |
| 11 Indice BOs | Based on baskets of different blue-chip stocks. |
| 4 Metal BOs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy BOs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 70+ Stock BOs | Based on shares of well-known US companies. |
1PrimeOptions is a binary options broker registered offshore in the Marshall Islands. The broker focuses exclusively on binary options trading on its own trading platform.
Notable about 1PrimeOptions is the social trading focus that this broker has. With 1PrimeSocial, the social trading platform developed by the broker, traders can view other traders' performance, copy their trades, and interact with each other in a fun and intuitive way. The platform is available in a web version for use directly in the browser, as well as in a mobile version for use on Android phones only.
What's also worth mentioning is that 1PrimeOptions appears to be mainly focused on traders in the Spanish-speaking world, particularly Latin America. The broker's social channels on platforms like Instagram and Facebook are available in Spanish only. The website itself is available in Spanish and English, although Spanish is the default language.
1PrimeOptions offers a large range of underlying assets for its binary options. In fact, the selection is among the largest we have seen from any of the binary options brokers we have reviewed here on FX-List. It includes not only forex and popular stocks, but also global stock indices, commodities, and a range of cryptocurrencies.
Once the decision to sign up with 1PrimeOption has been made, new clients need to go through the broker's KYC and AML checks. To complete this requirement, a valid government-issued ID, such as a passport, ID card or driver's license, as well as a proof of residence, is needed. This requirement is the same with almost all brokers, although it is often much easier to get through the process with offshore-registered forex and binary options brokers than with heavily regulated “onshore” brokers.
When the sign-up process has been completed, a deposit to the client's trading account can be made with crypto using Bitcoin (BTC), Ethereum (ETH), or Tether (USDT) sent over Ethereum or Tron. The broker also accepts deposits from credit and debit cards, bank transfer, and several local money transfer services in Latin America.
In case of any issues during the sign-up process or later during trading, 1PrimeOptions can be contacted via email, Telegram, or live chat on the website. Just like with the 1PrimeOptions website, support is available in both English and Spanish. Unfortunately, however, there is no information available about the support team's working hours, which makes us doubt that 24 hour support is available here.
In conclusion, it's important to note that 1PrimeOptions is a completely unregulated broker. What this means is that there is really nowhere to turn if the broker goes out of business and customer deposits are lost. However, given the increasingly strict rules around binary options trading in many parts of the world, it also makes sense that the broker isn't regulated. To put it simply, traders who want to trade binary options nowadays likely must accept that any broker they trade with will be unregulated and based offshore.
All in all, we see 1PrimeOptions as a decent broker that could be particularly suitable for traders in Latin America looking to trade binary options.
