Focus Option Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

3.7 / 5
Focus Option is #18 in our binary options broker rankings.

Focus Option is an excellent pick for traders seeking straightforward high/low digital options on a user-friendly web platform.

- William Berg, Reviewer

Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.

$10
TradingView
Binary Options, CFDs, Forex, Metals, Indices
-
USD
Bitcoin Payments, Visa, Mastercard, Debit Card, Credit Card, JCB Card

Binary Options Trading

Focus Option offers binary options trading on 140+ instruments including forex, cryptocurrencies, commodities, indices and company shares. Contracts include 30 seconds, 1 min, 2 mins, 5 mins, 15 mins, 30 mins, 1 hr, end of day, and long-term contracts up to 30 days. Decent payouts typically climb to 95%. The browser-based platform is beginner-friendly with sophisticated analysis tools.

Forex Trading

Focus Option offers 22 forex pairs tradeable via binary options, including a selection of majors and minors. FX pairs are also available to trade with margin on Focus Option's mobile app, which offers high leverage up to 1:50 and spreads from 1 pip.

Stock Trading

Focus Option traders can access 21 global stocks via high/low binary options through a web-based platform or CFDs via a mobile app. This includes big firms like IBM, Tesla and Microsoft.

CFD Trading

Focus Option offers CFD trading through an intuitive mobile app, with 300+ tradeable instruments spanning forex, cryptocurrencies, commodities, shares and indices. Leverage ranges from 1:20 to 1:50 and spreads are variable, starting from 1 pip, with no commission.

Crypto Trading

Focus Option clients can trade binary options on an extensive list of 80+ cryptocurrencies, including Bitcoin and Ethereum plus smaller altcoins like Tron and 0x. Crypto CFDs are also available through the broker's mobile app with high leverage.

✓ Pros

  • Web-based platform provides a quick and easy way to access markets
  • Good selection of cryptocurrencies available including Bitcoin
  • Binary options contracts from 30 seconds to 30 days
  • Accepts crypto deposits and withdrawals
  • $10 low minimum deposit
  • Easy sign-up process
  • Payouts up to 95%
  • $1 minimum trade

✗ Cons

  • Offshore regulation raises safety concerns
  • Average trading terms on CFDs with spreads from 3 pips on GBP/USD
  • Clients based in the USA cannot use the broker’s products

Focus Option is a digital options and CFD broker offering access to forex, crypto, commodities, indices and stock markets. The brokerage offers an in-house trading platform alongside TradingView and a downloadable mobile app. This 2024 review will analyse the services and products offered by Focus Option, as well as examining its authenticity. Find out whether to open a trading account today.

History & Overview

Founded in 2021, Focus Option is a relatively new broker. The company was established by “traders and industry leaders,” although none of the founders are publicly named.

Focus Option Ltd is registered in St. Vincent and the Grenadines, which means it is an offshore, unregulated brokerage.

The brand focuses heavily on digital options and CFDs, instead of vanilla options.

Apart from some restricted territories, the brokers trading products and services are open to investors around the world. Supported countries include: India, Singapore, the Philippines, Kenya, Japan, Malaysia, Australia, and the UK.

Trading Platform

Focus Option has its own in-house web trading platform, which means that no separate software downloads are required. The trading platform is compatible with any browser or system, including Windows 10.

While using the web trading platform, our experts found a range of useful features:

Focus Option’s minimum trade amount is $1. Expiry times on options contracts vary from 60 seconds to 30 days. Although slippage can occur while trading, the broker’s VPS (Virtual Private Server) hosting may reduce this risk.

Focus Option does not support a broker API, which would allow clients to build their own trading bots using an open source programming language such as JavaScript.

Those who want to make use of a platform external to the broker to analyse the market in more depth may wish to use TradingView. However, users should note that Focus Option orders cannot be placed directly from external platforms.

Note, MetaTrader 4 (MT4) or MetaTrader 5 (MT5) are not supported by this broker.

How To Trade

While using the platform, we found the terminal user-friendly. To get started:

Focus Option broker commission comparison

Markets

There are over 60 financial instruments available on Focus Option covering forex, crypto and commodities:

On the mobile app, stock and index CFDs are available, including the S&P 500 and DAX 30.

No ETFs are offered by Focus Option, unlike with other brokerages such as eToro or Zerodha.

Focus Position Ticket
Focus Option trade Ticket

Fees

Although many traders will look at commission rates when comparing brokers, the way that online brokerages earn money through digital options is slightly different. There is no commission per lot size at this broker. Instead, investors should focus on the payout or profit percentage. Payouts are usually between 70% and 95%, which is competitive.

For example, Bitcoin currently has a 96% potential payout whereas GBP/USD is much lower at 63%. As an example, a profit percentage of 70% would mean the trader would make $70 if they risked $100 and their prediction turned out to be correct.

While the profit percentage is important, remember that higher payouts are not everything. For example, brokers may offer high payouts on certain crypto markets because they are so volatile. This unpredictability can make it difficult for investors to make consistently profitable trades, which benefits the broker.

Importantly, when trading digital options, if your prediction is incorrect, you lose your entire stake. However, if your prediction is correct, brokers will almost always offer payouts less than 100%. This means you would still end up losing money to the broker if you made an equal number of winning and losing trades. These factors highlight the importance of following an effective trading strategy that leads to more winning trades than losing ones.

When trading margin FX contracts and CFDs on the mobile app, expect spreads of around 3 pips for GBP/USD and 1 pip for EUR/USD. These are relatively high as Focus Option is a market maker broker. You can find tighter spreads at an ECN broker, but commission will likely be charged.

Those holding CFDs (contracts for difference) overnight may also have to pay interest. This is why some traders may prefer short-term binary options.

Leverage Review

CFDs are a leveraged financial instrument, so trading on margin is possible with Focus Option. This means greater exposure and higher profits if the market moves in the right direction, but larger losses if the market moves against the trader.

Investors may need to deposit more with the broker to keep their leveraged position open if the required margin drops below certain levels. The initial margin on CFDs is typically between 2% and 5%.

Note, this is not relevant for binary options traders.

Mobile App

Focus Option has a mobile app available for download on Google Play (for Android (APK)) and the App Store (for iPhone and iPad iOS). This means clients at this broker can trade on the go. The Focus Option mobile app also offers alternate CFD markets including stocks and indices.

When using the mobile app download, we found the terminal reliable and user-friendly. Investors can also make deposits and withdrawals from the application and manage their account.

Focus Option brokers best backtesting quotes
Focus Option App

Deposits & Withdrawals

Focus Option does not impose an additional charge on deposits for options or CFD trading. The minimum deposit is $10, and processing times are instant. The following deposit methods are available:

Funds must be withdrawn using the same method as the deposit. Withdrawals are also not charged a fee by Focus Option. Withdrawal processing times are 24 hours.

Demo Account

A free $10,000 demo/practice account is offered by Focus Option. Although use of the account is limited to 30 days, this should be sufficient time to test a digital options trading strategy or to get to grips with the platform.

Whether you’re based in Europe, Asia or elsewhere, Reddit can be a useful place to research binary options strategies, prior to either using a brokers demo account or backtesting systems using historical market data. Discord servers are another example of a useful community discussion space.

Bonuses & Promotions

Although there are not any particular promotions or no deposit bonuses advertised by Focus Option, reference is made to trading credits for new and subsisting customers. Some traders may, therefore, receive a trading bonus when they open an account.

In recent years, brokers with no deposit bonuses and similar promotions have been clamped down on by certain regulators such as the Cyprus Securities & Exchange Commission (CySEC). Though as an offshore broker, it is unlikely Focus Open would be affected by this.

Regulation & License

Focus Option Ltd is registered in St. Vincent and the Grenadines, and is therefore under the jurisdiction of their laws. However, our experts were unable to find confirmation of an actual regulator or body that licences this broker. Therefore, it is not likely that any protection schemes and other regulatory protections are offered to clients.

As an offshore broker, Focus Option offers far less consumer protection than a European broker regulated by the Financial Conduct Authority (FCA) or Cyprus Securities & Exchange Commission (CySEC), for example. This means that client funds may not be recoverable.

Additional Features

Focus Option does not offer many additional features. There is a small education section available on the trading platform dashboard, but this is limited to a guide on how to trade binary options rather than in-depth tutorials.

The lack of extra features is a real downside, especially for beginners new to the industry. This review would like to see the online broker bolster its suite of training materials.

Accounts

Focus Option offers four trading accounts: Bronze, Silver, Gold and Platinum. Each account offers full access to the broker’s suite of assets and tools. However, the Silver account offers larger trade sizes plus faster payments. The Gold account then also provides an account manager, live signals, plus market insights. Finally, Platinum account holders benefit from all of the above, plus enhanced payouts up to 95% plus VIP events.

Focus Option Gold Charts
Focus Options Charting – Gold price Chart with MACD and RSI Added

Trading Hours

Focus Option’s trading services open on Sunday at 17:00 EST and close on Friday at 17:00 EST. Trades cannot be placed with this broker outside these hours. Investors should also check the opening hours of individual markets as there will be variations here too.

Customer Support

There are good customer support options, including live chat and a contact number/helpdesk offered by Focus Option. The team can help with questions about account error codes or if the platform is not working or failed.

The full list of support methods is as follows:

Focus Option has created accounts on various social networks including Facebook, Twitter, Instagram, LinkedIn and a YouTube channel, although these pages have almost zero content. There is also limited information on the broker’s FAQs page.

Safety

Focus Option states that client funds are segregated from funds belonging to the broker at all times. In theory, this helps to protect trader funds from any mismanagement of the broker’s finances. Despite being an offshore broker, funds are stored in a European bank.

In relation to the broker’s account security, clients can enable two-factor authentication on their account through the Google Authenticator app.

Focus Option also undertake the usual KYC (Know Your Client) name and identity verification as part of their anti-money laundering obligations. ID such as a passport is required as part of the sign-up process with this broker.

Because this brokerage is offshore and unregulated, there is no guarantee that they will store your KYC data securely.

Should You Trade With Focus Option?

Whether you are from Germany, the UK or Canada, the online brokerage provides a simple way to speculate on various markets. Although the binary options offering is focused heavily on currency pairs and cryptos, the CFDs available provide access to a broader range of markets.

On the downside, there is limited publicly available information about the company’s founders. The fact that the broker is keeping the names of its team members anonymous raises concerns about its legitimacy. Only invest what you can afford to lose.

FAQs

What Is A Spread On Focus Option?

The spread is the difference between the bid and ask prices i.e the difference between the price the asset is selling at/can be bought at and the price you as the customer can sell it at. Spreads are how many market maker brokers like Focus Option generate profit.

Can I Choose How Long A Digital Option Lasts On Focus Option?

Yes, the trader can set the expiry time on the digital option. Expiry times generally range from 60 seconds to 30 days.

Do I Need To Download Any Software To Trade On Focus Option?

Focus Option’s trading platform can be run on any browser, which means that no separate download is required. A free mobile app can also be downloaded.

What Happens If The Focus Option Strike Price Is Not Met Within The Relevant Period?

This would result in you losing 100% of the amount you risked. This underscores why having an effective strategy for trading digital options is important.

Top 3 Alternatives to Focus Option

Compare Focus Option with the top 3 similar brokers that accept traders from your location.

  1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

  2. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

  3. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

Focus Option Comparison Table

Compare Focus Option With Similar Brokers
Focus Option World Forex Videforex RaceOption
Rating 3.7 4 3.4 3.5
Markets Binary Options, CFDs, Forex, Metals, Indices Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto Binary Options, CFDs
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $1 $250 $250
Minimum Trade $1 0.01 Lots $0.01 $0.01
Regulators SVGFSA
Bonus 100% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% Deposit Bonus
Education No No No No
Platforms TradingView MT4, MT5 TradingView TradingView
Leverage 1:50 1:1000 1:500 1:500
Payment Methods 6 10 8 9
Visit Visit Visit Visit
Review World Forex
Review
Videforex
Review
RaceOption
Review

Compare Trading Instruments

Compare the markets and instruments offered by Focus Option and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Focus Option Trading Instruments
Focus Option World Forex Videforex RaceOption
Binary Options Yes Yes Yes Yes
Expiry Times 30 seconds – 1 week 1 minute – 7 days 5 seconds – 1 month 5 seconds – 30 days
Ladder Options No No No Yes
Boundary Options No No No No
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes No
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No No Yes Yes
Options No No No No
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Focus Option vs Other Brokers

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Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.