Focus Option was launched in 2021 and is thus a relatively new addition to the world of binary options and CFD trading online. Based in St. Vincent and the Grenadines, Focus Option offers binary options even to retail clients and has quickly become famous for their huge assortment of underlying cryptocurrencies. While many other binary options brokers only offer a handful of the most famous cryptocurrencies, Focus Option makes sure you can speculate on a much wider range of cryptocurrencies / crypto tokens / crypto digital contracts, including more unusual stuff such as SUSHI and BAT ( Basic Attention Token).
Focus Option also have binary options and CFDs available with other types of underlyings, such as forex, stocks, indices, and commodities – but it is really their crypto assortment that has got them attention in the trading world.
You only need to make a $10 first deposit to get started and the smallest possible trade is $1, so hobby traders do not need to bring a big bankroll to sing-up with this broker. You can also open a free Demo Account with $10,000 in play-money to test out the platform risk free.
A downside with Focus Option is that they only have one type of binary option – the standard High/Low. If you are looking for anything more unusual, e.g. ladder or boundary, you´ll have to go elsewhere.
You will be limited to using your Focus Option trading account with the proprietary platform only, as Focus Option is not compatible with any independent third-party platform such as MT4, MT5 or cTrader.
Account types
Four different account types are available for real-money trading at Focus Options.
BRONZE ACCOUNT
This is the entry-level account at Focus Option, but you will still get access to all 140+ underlying assets with a Bronze Account.
SILVER ACCOUNT
With a Silver Account, you get everything the Bronze Account has, plus a few perks such higher limits on maximum stake per trade. Silver Account holders also have their deposits and withdrawals processed quicker for traditional currencies (not for cryptocurrencies).
GOLD ACCOUNT
The Gold Account will give you everything from the Silver Account, plus access to trading signals and market analysis. You will also be assigned a personal account manager.
PLATINUM ACCOUNT
This Platinum Account gives you everything from the Gold Account, plus greater payouts on certain instruments – sometimes up to 95%. You can also benefit from being invited to exclusive VIP events.
Speciality accounts
Focus Option does not offer speciality accounts.
Demat Account: No
DMA Account: No
ECN Account: No
LAMM Account: No
MAM Account: No
PAMM Account: No
STP Account: No
Ethical Investments Account: No
Islamic / Muslim / Sharia / Halal Account: No
Sign-up for a free Demo Account
You can sign up for a free Demo Account to try out what Focus Option has to offer and see how the platform works. The Demo Account comes filled with $10,000 in play-money so you can do play-money trades on the platform.
The Demo Account is only active for 30 days. This is a bit annoying, as Demo Accounts can be a great way to test-run new trading strategies without risking any real money and many traders therefore like to keep using their Demo Accounts now and then without having to worry about any time limitations.
Platforms
Focus Option have their own proprietary platform, which is browser-based and not available for download. Since you will do all your trading in the browser window, it doesn´t matter if your computer runs on Windows or not.
- Payout information is displayed at the top of the terminal.
- A trader sentiment indicator (“market mood”) is located in the bottom left-hand corner.
Technical analysis tools
The platform has built-in technical analysis tools, including several technical indicators which can be applied to price charts. You can for instance utilize average true range, pivot points and a stochastic indicator.
Examples of available charting views are line graphs and Japanese candlesticks.
Mobile trading
Focus Option offers mobile trading apps for iOS and Android. You can find the iOS app in the Apple App Store and the Android app in the Google Play Store.
With a mobile app from Focus Option, you will have access to most of the features found in the desktop version of the platform.
Can I use the MT5 platform with my Focus Option account?
Focus Option is not compatible with any independent third-party platforms, such as MetaTrader 4 (MT4), Meta Trader 5 (MT5) and cTrader.
Binary options
This broker offers standard high/low binary options. There are no ladder options, boundary options, etcetera.
You customize the binary option step-by-step by inputting your stake, the expiry time and whether you want it to be a high option or low option. If your prediction comes true, you get the payout. You know in advance exactly what your stake is an how much you will get paid if the prediction comes true.
The available expiry times run from 30 seconds to 1 week.
- 30 seconds
- 1 minute
- 2 minutes
- 5 minutes
- 15 minutes
- 30 minutes
- 1 hour
- End of the day
- 1 week
Underlying assets and products
- Forex. Over 20 different currency pairs are available.
- Cryptocurrencies. This is an area where Focus Option really excels, as 75+ cryptocoins are available for speculation with this broker.
- Stocks. With Focus Option, you can get exposure to 35+ exchange traded company shares, including well-known companies such as Apple and IBM.
- Indices. This is a spot where Focus Option could improve, as they are currently only offering a handful of indices for speculation. You can for instance speculate on S&P 500 Futures, Dow Jones Futures, Nasdaq 100 Futures, and Ibex 35.
- Commodities. At the time of writing, only a handful of commodities are available, but the selection includes both energy and metals. You can for instance speculate on gold, silver, natural gas, and oil.
Contracts for Difference (CFDs)
Focus Option offers Contracts for Difference (CFDs) but the assortment of underlying assets and products is smaller than for the Binary Options.
Is leverage available for CFDs at Focus Option?
Yes, leverage is available. How much leverage you will be offered depends largely on the underlying asset. It is for instance normally much higher for major forex pairs (e.g. EUR/USD) than for any CFD that involves cryptocurrency.
Deposits & Withdrawals
The minimum deposit is $10 or €10, except for bank transfer where the minimum is $100 / €100.
The minimum withdrawal is $10 or €10, except for bank transfer where the minimum is $100 / €100.
Focus Option does not charge deposit fees or withdrawal fees.
Examples of accepted transactions methods
- VISA (available for both deposits and withdrawals)
- MasterCard (available for both deposits and withdrawals)
- Bitcoin (available for both deposits and withdrawals)
- Tether (available for both deposits and withdrawals)
- Bank transfer (available for both deposits and withdrawals)
- JCB Card
- PIX
- TED
- LATAM
- Boleto Bancario
For major debit/credit cards, Bitcoin and Tether, deposits are normally very quick. For other methods, you can expect to wait 1-3 days before the money shows up in your trading account.
Withdrawals through Bitcoin or Tether are normally processed within 24 hours. Bank transfer withdrawals take up to three business days, and withdrawing to a debit/credit card can take up to five business days.
Account currencies
The account currency is USD.
Customer support
The customer support is open around the clock, but only Monday through Friday which is a minus for this broker. Hopefully, they will start providing 24/7 customer support in the future instead of 24/5 since their platform is available for trading 24/7 and cryptocurrency trading do not take a break over the weekend.
Email address: support@focusoption.com
Live chat: You will find the live chat support on the Focus Option web site
Phone: +(62) 21 2002 2012. This number goes to a customer support located in Indonesia.
Ownership and regulation
The broker Focus Option is owned by the company Focus Option Ltd and based in Saint Vincent and the Grenadines, an island country in the Caribbean.
Registered address: Focus Option Ltd, First floor, First St. Vincent Bank James Street, Kingstown, St. Vincent and the Grenadines
IBC No. 356 LLC 2020
Saint Vincent and the Grenadines is not considered a top-tier regulator when it comes to consumer and retail trader protection. It is unclear if they require segregation of client funds from company funds or not. Focus Option does not provide Negative Account Balance Protection.
Since more and more of the top-tier regulators are banning or severely limiting the sale and distribution of binary options to retail traders, it has become increasingly common for binary options brokers to not be based in countries known for a more hands-off approach when it comes to consumer / retail protection.
KYC check
To comply with anti-money laundering efforts, Focus Option need to perform Know Your Customer checks. You can expect to be asked to verify your identity when you sign-up by sending the broker an image of your passport or both sides of your national ID card or driver´s license. You can upload the image directly to your trading account or send them via email to accounts@focusoption.com.
an image of your valid Passport or both sides of your National ID Card or Driver’s License.
Miscellaneous
Which cryptocurrencies can I speculate on with Focus Option?
With Focus Option, you can get exposure to a wide range of cryptocurrencies, including:
- AAVE
- ADA
- ATOM
- BAT
- BTC
- BTC
- CRO
- DOGE
- ETH
- KSM
- LINK
- LTC
- MANA
- MATIC
- MIOTA
- RUNE
- SOL
- SUSHI
- THETA
- USDT
- XMONEY
- XMR
- XRP
- YCC
- YFI
Which forex pairs can I speculate on with this broker?
Focus Option offers a range of forex pairs as underlying assets, including both majors and minors.
- AUD/CAD
- AUD/CHF
- AUD/JPY
- AUD/USD
- CAD/CHF
- CAD/JPY
- EUR/AUD
- EUR/AUD
- EUR/CAD
- EUR/CHF
- EUR/GBP
- EUR/JPY
- EUR/JPY
- EUR/USD
- GBP/AUD
- GBP/CAD
- GBP/CHF
- GBP/JPY
- GBP/JPY
- NZD/USD
- USD/CAD
- USD/CHF
- USD/JPY
- USD/NOK
- USD/SEK
Does Focus Option accept traders in the United States and Canada?
No, traders in certain countries are not accepted (for legal reasons) and the United States and Canada are two of these countries.
What is the minimum trade size at Focus Option?
The minimum trade is $1.
Does Focus Option offer turbo options?
The fastest binary options at Focus Option expire in 30 seconds.
Can I use Focus Option for Copy Trading?
No, the platform has no copy trading feature.
Does Focus Option offer VPS hosting?
Yes, this broker offers Virtual Private Server (VPS) hosting.
Are there tournaments?
No, Focus Option does not arrange tournaments or other trading contests.