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OptionTrade Review
Trading Platform OptionTrade
OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.
You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.
The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.
OT Trader comes with a string of notable features such as the history graph, a function that lets users assess an asset’s most recent movement. Standing out though is the “myOptionTrade” client area. This tool gives traders total control over all trading operations using just one login.
OptionTrade offers multilingual support 24/5. You can learn about binary options in the Education Center on the broker’s website and practice with a demo Account. OptionTrade offers free video tutorials and video on demand for Premium and VIP clients.
Traders can make use of fast, secure, and convenient payment methods. There are no commissions and fees, and the withdrawal process is fast and easy without limitation. You can fund your account in USD, EUR, and GBP.
Pros
- 24/5 expert customer support
- Advanced OT Trader platform
- Demo account
- High bonuses
- Large range of assets
- myOptionTrade account management system
- No limits for withdrawals
- Regulated by CySEC
Cons
- Educational section seems basic
- Asset prices are not displayed on the Splash page like most other binary brokers’ websites
Platform type: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No
Company information OptionTrade
Located in: Cyprus
Website: https://www.optiontrade.com/
Founded in: 2000
Accepts US Clients: No
Phone number: +357-24-020054
Email: support@optiontrade.com
Account Options OptionTrade
Commission:
Minimum Deposit: $200
Payouts Percentage: 88%
Deposit Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller
Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller
Payout Ratios: Payout ratios offered by OptionTrade are available for up to 88%.
Available Assets OptionTrade
Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No
OptionTrade Trade types
Trading choices at OptionTrade include the usual trading types such as:
- 60 Seconds
- Classic Binary Option
- Long Term
- One Touch
- Pairs
OptionTrade Trade accounts
OptionTrade offers three types of trading accounts:
Standard Account – Minimum deposit of $200
- Cash match bonus
- Payout up to 83%
- Free demo account
- 80+ assets
- Convenient account funding options
- Quick and easy withdrawals
- User-friendly interface
- Trading instruments: Forex, Indices, Commodities, Share CFDs
- Multiple accounts, one login
- 24/5 multilingual support
- Mobile trading
- Client protection insurance
- Real-time statistical reports
- Binary options educational resources
Premium Account – Minimum deposit of $1000
- Cash match bonus
- Payout up to 85%
- Free demo account
- 120+ assets
- Convenient account funding options
- Quick and easy withdrawals
- User-friendly interface
- Trading instruments: Forex, Indices, Commodities, Share CFDs
- Multiple accounts, one login
- 24/5 multilingual support
- Mobile trading
- Client protection insurance
- Real-time statistical reports
- Binary options educational resources
VIP Account – Minimum deposit of $5000
- Personal account manager
- Cash match bonus
- Payout up to 88%
- Free demo account
- 180+ assets
- Convenient account funding options
- Quick and easy withdrawals
- User-friendly interface
- Trading instruments: Forex, Indices, Commodities, Share CFDs
- Multiple accounts, one login
- 24/5 multilingual support
- Mobile trading
- Client protection insurance
- Real-time statistical reports
- Binary options educational resources
OptionTrade Position In Our Categories
Position of OptionTrade in our main categories:
TOP
10
OptionTrade is one of the top 10 Binary Options Brokers products
If you are considering OptionTrade it might also be sensible to examine other subcategories of Binary Options Brokers listed in our database of SaaS software reviews.
It is important to keep in mind that almost no service in the Binary Options Brokers category is going to be a perfect solution that can meet all the needs of various investors. It may be a good idea to read a few OptionTrade reviews first as specific solutions can actually excel just in a specific geography or situation or be created with a really specific customer in mind. Others can function with an intention of being simple and intuitive and therefore lack complex features welcomed by more experienced users. You can also come across services that cater to a wide group of users and offer a powerful feature set, but that usually comes at a more expensive price of such a solution. Make sure you're aware of your needs so that you buy a service that offers all the elements you search for.
User Satisfaction
Positive Social Media Mentions
0
Negative Social Media Mentions
0
We know that when you make a decision to purchase a Binary Options Brokers it’s important not only to find out how experts score it in their reviews, but also to check whether the real users and enterprises that use it are actually satisfied with the service. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and OptionTrade reviews across a vast array of social media sites. The data is then presented in an easy to digest way revealing how many people had positive and negative experience with OptionTrade. With that information at your disposal you will be prepared to make an informed buying decision that you won’t regret.
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What Bonus Does OptionTrade Offer?
No Deposit Bonus:
No
Bonus for First Deposit:
No
Is the Bonus Based on
the Volume of the Transaction?:
No
Other Bonuses:
No
OptionTrade offers a 100% cash match bonus to give traders a head-start. Here are the conditions:
- Volume requirement: The value of the initial deposit, plus the cash match bonus must be traded 20 times before the bonus becomes yours to trade or withdraw.
- The amount of the cash match bonus is up to 100% of your first deposit up to a maximum value of $500/ €500/1500 PLN.
Reliability of OptionTrade
OptionTrade is fully regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 183/12. On top of that, OptionTrade transacts only with reputable top-tier financial institutions and banks. Funds are also deposited in segregated bank accounts so as to keep them separated from company’s funds. Lastly, each OptionTrade user can access the Investor Compensation Fund which seeks to compensate eligible traders up to 20,000 euros in the event the company becomes insolvent.
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