OptionTrade Review -OUT OF BUSINESS-
OPTIONTRADE GENERAL INFORMATION
■ History: OptionTrade was founded in 2013, part of the HF Markets Group (World Top100 Finance Group)
■ Regulation: CySEC (183/12) and MiFID (EU)
■ OptionTrade Headquarters: OptionTrade's headquarters are based in Cyprus
■ US Residents: OptionTrade does not allow US traders –NO US-
■ Languages: The OptionTrade website is available in 17 Languages
■ Demo: Yes (doesn't require any deposits)
■ Bonus: Up to 100% Cash Match Bonus for all new accounts (you can withdraw it, must be traded x20 times)
■ Minimum Account: $200 (standard account)
OPTIONTRADE PAYOUT RATE / REFUND RATE
■ OptionTrade Max Payout is 83-88% (Check below, the Account Types)
■ OptionTrade Refund is 0%
OPTIONTRADE TRADING ASSETS & INSTRUMENTS
OptionTrade offers one of the greatest Asset Indexes in the Binary Options Market, containing more than 200 assets (a very wide asset index, especially as concerns Forex Pairs, Stock Indices, and World Shares).
OPTIONTRADE BINARY TRADING INSTRUMENTS OptionTrade is providing the following trading instruments: ■ Roll Over (delaying your expiry time with 30% additional investment) ■ Double Up (doubling up your initial investment before an option expires) ■ Sell Option Tool (if the market is moving against you, cut your losses) ■ Stock Pairs (trade two assets, one against the other) ■ One Touch Options ■ Options Ladder (create your binary options) Expiry Times: 60 sec, 90 sec, 120 sec, 180 sec, and up to 12 months
TRADING PLATFORM & SUPPORT
OPTIONTRADE PLATFORM & SUPPORT
OptionTrade's platform is based on the SpotOption 2.0 -OT Trader technology.
■ User-friendly interface
■ Free Practice / Demo Account (risk-free testing of OT Trader's real market conditions -$1,000 virtual opening balance)
■ Full integration with all internet payment methods
■ Customer support is available 24/5 via email, phone, or live chat.
OptionTrade Mobile Trading
OptionTrade offers a mobile app for Android and iPhone
OPTIONTRADE ACCOUNT INFORMATION
OPTIONTRADE NEW ACCOUNT TYPES
OptionTrade offers 3 basic account types:
(1) STANDARD ACCOUNT (200 USD Minimum, up to 83% Payout)
(2) PREMIUM ACCOUNT (1,000 USD Minimum, up to 85% Payout)
(3) VIP ACCOUNT (5,000 USD Minimum, up to 88% Payout)
The account currencies include the Euro, the US Dollar, and the British Pound Sterling.
■ In general, the minimum deposit at OptionTrade is 200 USD
OPTIONTRADE FUND METHODS
Fund methods include cards, wire, and internet wallets:
- Credit Cards (Visa, MasterCard, UnionPay)
- Wire Transfer
- MoneyBookers Skrill
- FasaPay
- Neteller
- WebMoney (Only Deposit)
- Sofort(Only Deposit)
- iDeal (Only Deposit)
OPTIONTRADE WITHDRAWALS Withdrawal methods include all the above deposit methods, except WebMoney, Sofort, and iDeal. Note that for credit cards, OptionTrade cannot process withdrawal amounts that exceed the initial deposit, and the client will receive the difference by wire transfer. OptionTrade Withdrawal Fees ■ OptionTrade covers all fees associated with the transactions (NO FEES)
OPTIONTRADE BONUS PROMOTIONS
■ OptionTrade is offering a Cash-Match Deposit Bonus up to 100% for all new accounts
■ Maximum bonus amount is $500
■ You can withdraw your bonus if you meet the volume requirements (you must trade it 20x times to withdraw it)
OPTIONTRADE NEW ACCOUNT DOCUMENTATION OptionTrade broker requires: 1) Official ID with picture (front and back copies of it) 2) If credit cards were used to deposit funds, then it is needed the credit card front and back where the last 4 digits are visible.
OPTIONTRADE CONTACT INFO
■ Company Name: HF Markets (Europe) Ltd, regulated by the CySEC under license number 183/12. ■ Customer Service 24/5
■ Address: Spirou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus
■ Phone Number: +357-24-020054
⚖️ OPTIONTRADE REVIEW PROS & CONS
(Compared to Competition)
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OPTIONTRADE REVIEW KEY POINTS |
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OPTIONTRADE PROS |
OPTIONTRADE CONS |
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√ Regulated by CySEC (183/12) √ One of the greatest Asset Indexes in the Market, containing more than 200 assets (especially wide as concerns Forex Pairs, Indices, and Shares) √ Education Center (Trading Analysis, Webinars, etc.) √ 100% Cash Match Bonus (up to $500) √ Wide Variety of Funding Options √ Client funds are placed in segregated accounts √ Full set of trading features (including pairs, ladder, and much more) |
X Binary Options are very high-risk financial instruments X New Broker (2013) X The maximum payout on the Standard Account is 83% while VIP clients enjoy up to 88% payouts |
🏁 OPTION TRADE REVIEW CONCLUSIONS
OptionTrade is a regulated binary options broker based in Cyprus. It is licensed by CySEC (183/12) and also supervised under European MiFID rules. Client funds are further protected through segregated accounts. OptionTrade is powered by HotForex and HF Markets, a World Finance Top 100 company. The broker was founded in 2013.
The OptionTrade platform is built on SpotOption 2.0 technology and provides a user-friendly interface with all major binary trading features (rollover, option pairs, option ladder, etc.). Its asset index is among the best in the market, offering more than 200 assets in total, including dozens of Forex pairs, hundreds of shares, and many global indices.
The minimum deposit to open an account is $200, with multiple funding methods available. There are no withdrawal fees. New accounts receive a 100% deposit bonus, up to $500. OptionTrade offers three account types, with a maximum payout rate of 88% for VIP accounts. The broker also provides free education and 24/5 customer support via live chat, email, and phone.
- Overall, OptionTrade is a strong competitor in the binary options market.
■ OptionTrade Review
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