Beast Options Review

Reviewed by Mathew Wilburn

Total score

Cashout Times
Bonuses
Betting Markets
Security
Mobile Site
Desktop Site
Customer Support
Payment Options
Available in United States

Name: Beast Options

URL: www.beastoptions.com

Established year: 2014

License: N/A


Bonus Amount: 100% Up to $1,000

Wagering Req: 30x


Bitcoin Only: No

100% First Deposit Bonus Up To $1,000

Get this amazing offer

100% First Deposit Bonus Up To $1,000

Get this amazing offer

Beast Options Review

At first glance Beast Options looks like a great option for trading options.

  • They accept US customers.
  • They offer a $500 demo account, FREE, for 72 hours.
  • They accept bitcoin.
  • They offer free trader education
  • They offer an initial $1,000 initial deposit bonus, plus a bevy of other promotions and contests.

Sounds good, right?

But first looks can be deceiving – especially for bitcoin users.

Will it be enough to stop you from checking them out?

That’s up to you. To me they look like a decent place to trade. But I found some details that I’ll share below that may cause you to think otherwise.


Beast-Ly Promotions

Not every broker offers a deposit bonus. That’s one area where Beast Option distinguishes themselves (in a good way).

Right now they’re offering a 100% match bonus up to $1,000. You need to deposit at least $200 to get this offer, and wager 30x to clear it.

If you deposit more than $2,000 (considered a ‘VIP’ deposit), Beast Options will give you an additional 10%. (Why this isn’t referred to as ‘Beast Mode,’ I don’t know.)

They run contests, too.

For example, they’re running one now where they’re giving away 25k in bitcoin and thousands more in bonuses. This is to celebrate the integration of bitcoin into their banking options.

This contest is based on trading volume (the more options you trade, the better). Prizes range from $20 to $5,000 worth of bitcoin. That’s definitely another reason to check them out.

Type Amount (%) Matched amount Wagering REQs
Deposit Bonus100%$1,00030xClaim now
$25,000 Contest100%$25,000N/AClaim now

Your Assets & Options

There’s a large selection of assets to trade. Those include:

  • 224 stocks
  • 25 currency pairs
  • 12 commodities
  • 41 indices

The minimum trade is $10.

The maximum trade is $1,000. However, there aren’t any limits to the number of trades you can make. So you can make multiple trades of the same option/asset to get around the maximum allotted.

There are several options to choose from, too, including:

  • Touch Trading – Do you think an asset will reach a certain price before it expires?
  • One Touch – You’ll be paid if the asset reaches or surpasses a certain price.
  • Range – Do think the asset will expire within a specific dollar/amount range?
  • 60 Second – Decide if you think an asset will go up or down in the next 60 seconds. Guess right and you can earn up to 85% profits.

These options alone make them worth checking out. At least half the brokers I’ve reviewed thus far don’t have them.

Pros and cons

Pros

  • They offer an extensive library of trading resources.
  • They have an in-depth FAQ page.
  • They have a $1,000 bonus.
  • Free video library, trading courses and ebook.

Cons

  • They’re not mobile responsive.
  • They require customer verification.
  • Take up to 1 week to process withdrawals.
  • They turn deposits into fiat currency.
  • They have a $100 minimum deposit.

(Other) Banking Options

Let’s start with bitcoins.

Beast Options started accepting bitcoin last December. The option to withdraw with bitcoins came the following February.

Deposits will hit your account within 2 hours – and they’ll be turned into fiat currency.

And withdrawals are processed once per week.

This all but eliminates the core benefits to using bitcoin.

According to Beast Options:

Bitcoin withdrawals are available but Beast Options should be considered a vehicle for converting Bitcoin into cash. All withdrawals no matter the type of deposit will only be released after the trader has had his account verified. Withdrawals of any kind are not instant and will go through a manual process this means the price of Bitcoin could be drastically different at the time the payment is issued.

There you have it – there’s their weakness.

If that’s a turnoff, that’s too bad. They’re one of the only brokers that both accept bitcoin, offers promotions and more than one trading option.

You can always go with another banking option, too. Beast Option also accepts:

  • JCB Credit Card
  • Visa
  • MasterCard
  • Diners Club International
  • Yandex money
  • QIWI Wallet
  • WebMoney
  • Moneta
  • POLI
  • Astropay Card
  • Bank Transfer
  • International Money Transfer

If you run into any issues – or simply have a question – you can contact Beast Option’s support at: [email protected]. They have a form on their site, as well as live chat.

That leads us to…

Desktop

Desktop

Apple

Apple

Windows

Windows


Why players love Beast Options

Get your exclusive welcome bonus

Security

Restricted countries

Supported languages

English

Certification
Customer support


Phone: No
Chat: No

Verdict

So… does the bad outweigh the good? Can you look past Beast Options shortcomings?

I can’t answer that for you.

For me, the biggest downside is that bitcoin is treated like any other banking method. So what’s the point in using it then, especially if you run the risk of the value changing while in transit?

Other than that, they appear to be a very solid trading platform. You really get a little bit of everything here, from promos to 200+ assets and tons of resources to learn from.

So at this stage I would rate them an A- (relative to other platforms).

But that’s my opinion – check them out and decide for yourself.

Total score

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