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OptionTrade Review (Out-of-Business)

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OptionTrade Review

-OUT OF BUSINESS- 

OPTIONTRADE GENERAL INFORMATION

History: OptionTrade was found in 2013, part of the HF Markets Group (World Top100 Finance Group)

Regulation: CySEC (183/12) and MiFID (EU)

OptionTrade Headquarters: OptionTrade headquarters are based in Cyprus

US Residents: OptionTrade does not allow US traders –NO US-

Languages: 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 Index in the Binary Options Market, containing more than 200 assets (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 own 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 offer 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 Euro, US Dollar, and British Pound Sterling.

■ In general, the minimum deposit at OptionTrade is 200 USD

OPTIONTRADE FUND METHODS

Fund methods include cards, wire, and internet wallets:

  1. Credit Cards (Visa, MasterCard, UnionPay)
  2. Wire Transfer
  3. MoneyBookers Skrill
  4. FasaPay
  5. Neteller
  6. WebMoney (Only Deposit)
  7. Sofort(Only Deposit)
  8. 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 copy of it)

2) If credit cards were used in order 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

(Related to Binary Options Industry's Competition)

OPTIONTRADE REVIEW KEY POINTS

OPTIONTRADE PROS

OPTIONTRADE CONS

 

√ Regulated by CySEC (183/12), and MiFID

√ One of the greatest Asset Index 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

√ Provides trading Binary Options tutorial

√ Full set of trading features (including pairs, ladder, and much more)

 

 

X Recently Opened (2013)

X The maximum payout on Standard Account is 83% while VIP clients enjoy up to 88% payouts

 

OPTION TRADE REVIEW CONCLUSIONS

OptionTrade is a regulated binary options broker, situated in Cyprus. The broker is regulated by CySEC (183/12) and controlled also by the European MiFID. The client funds are further secured via the use of segregated client accounts. OptionTrade is powered by HotForex and HF Markets (World Finance Top100 company). The broker was found in 2013.

The OptionTrade platform is based on the SpotOption 2.0 technology and offers a user-friendly interface with all popular binary trading features (rollover, option pairs, option ladder, etc.). The OptionTrade's asset index is one of the best in the market containing more than 200 assets in total. There are tens of Forex pairs, hundreds of shares, and many stock indices from all around the world.

The minimum deposit to open an account with OptionTrade is 200 USD and you may fund it via many different fund methods. The are no fees on withdrawals. The deposit bonus is 100% for all new accounts, and up to $500. There are three account types and the maximum payout rate is 88% (VIP account). OptionTrade offers also free education and 24/5 customer service via live chat, email, and phone.

In overall, OptionTrade is a safe and competitive place to trade binary options. One of the best binary options firms in the whole industry.


 

OptionTrade Review

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