OptionTrade is one of the brand names operated by HF Markets (Europe) Ltd, which is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC). It is actually one of very few binary options brokers to hold a cross-border licence that authorises it to provide its investment services worldwide. It proudly gives all the details of its certification on its website, which is not something all brokers are happy to do. It is also proud to tell all potential new clients that it operates in accordance with MiFID (The European Union’s Markets in Financial Instruments Directive). There are also a number of other regulatory bodies that OptionTrade is proud to be a member of. All of this serves to add assurance that OptionTrade is a reliable and trustworthy binary options broker.
A range of account options with attractive bonuses
There are three basic account options for those deciding to trade binary options with OptionTrade. Aside from this there is also a live demo account and live real account. So let’s look at the basic account options, each of which offers a Cash Match OptionTrade bonus of up to 100% of the initial deposit. There are, however, certain trading requirements that have to be reached before the bonus can be traded with or withdrawn.
- Standard account – All it takes is a minimum deposit of $200 and a trader is entitled to 1 x $25 risk-free trade as well as a Cash Match OptionTrade bonus. Payout is up to 83%, and there is an 80+ asset index. With an introduction to the OptionTrade Academy, level 1 webinars and personalised training there is a lot to offer new traders.
- Premium account – The minimum deposit for a Premium account is $1,000. Plus there is 1 x $50 risk-free trade, and of course the Cash Match OptionTrade bonus. The asset index is 120+, and payout is up to 85%. Binary options trading is turned up a notch to level 2, and there are free video tutorials and basic training at the OptionTrade Academy.
- VIP account – A minimum deposit of $5,000 is required to get a VIP account with an estimated payout of up to 88%, 180+ asset index, 1 x $100 risk-free trade, and advanced training at the OptionTrade Academy. For webinars this account moves up to level 3, and there is unlimited personalised training.
No need for a download with the OptionTrade trading platform
A vital part of trading is the type of platform offered by a particular broker, and OptionTrade makes use of a state-of-the-art trading platform powered by HotForex. Because this particular platform is already well established, traders can enjoy one of the most sophisticated trading experiences currently available in the industry. Aside from the normal features of “Rollover”, “Double Up”, and “Sell Option”, a history graph is incorporated to allow analysis of asset movements. The most standout feature, however, is the “myOptionTrade” client area, which is an account management solution that gives traders complete control over their trading operations – all with one single log-in.
OptionTrade binary options broker offers 200 financial assets across 20 markets.
With OptionTrade there is a vast array of assets available allowing traders to diversify their investments. After all it always pays to have more than one basket to keep your eggs in. As well as currencies, there are commodities, indices, stocks, and pairs, featuring some of the most well-known names in the world today. For example there is Amazon, Barclays, Blackberry, Dell, Facebook, Disney, Linkedin, Telefonica, Tesco, and Total.
Customer support and services available 24/5
OptionTrade provides a number of different ways for clients to get in touch, but lines of communication are only available 5 days out of 7. The quickest way to receive an answer to any questions or to resolve any problems is via the live chat option on the website, but there is also an international phone number, fax, email, and Skype option as well. It is also possible to request a call back via a simple-to-complete contact form.
We’ve already mentioned the OptionTrade Academy, which offers a wealth of educational resources including video tutorials, in-depth courses and strategies, and a comprehensive FAQs section. And let’s not forget to mention the binary ebook that we found to be a pretty good read.
OptionTrade supports a number of payment methods including wire transfer, credit cards, Skrill, Neteller, UnionPay and Fastpay, and the minimum amounts are really quite reasonable. Providing the withdrawal amounts are within minimum levels there are no fees, unless it is via wire transfer.
All in all, we were pretty impressed with everything OptionTrade has to offer; and we were provided with complete peace of mind with regard to safety and security, as this binary options brokers takes licensing and regulation issues very seriously.
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