As one of the many brokers operated by UK-based Hortense Holdings Limited, traders can trust that Global Trade Option is run by a group of people who really know how the world of online binary options trading works. While GlobalTradeOption.com has a ways to go before it becomes one of the big players in the industry, all the pieces are currently in place to give traders a satisfying and profitable trading experience.
Software and Features
The upgraded SpotOption platform has been chosen to power GlobalTradeOption and it is an excellent choice for both beginning traders and experts. The platform is extremely clever and intuitive, allowing traders to make quick decisions and carry them out in just seconds. In addition to the platform, GlobalTradeOption.com does features some helpful extras such as daily and weekly recaps of various international markets. Although a demo account or complete training center would be nice to see, the guided tour and basic trading introduction can be helpful for brand-new traders. Live chat is the easiest form of customer support and is offered round-the-clock in four different languages.
Option Types Offered
Approximately 60 underlying stocks, currencies, commodities, and indices were supported at the time of our Global Trade Option review, with the currency section somewhat smaller than those found at other brokers. On the plus side, there were a number of different option types for each asset including regular put/call, 60-second, and one-touch options. SpotOption’s Pro Trader meta platform and option builder feature are also supported for traders to take advantage of roll over, sell early, and double up options. Profit returns are in-line with industry standards, around 75%-80% with a 10% refund offered and out-of-the-money trades.
Account Types Offered
New account holders will be pleasantly surprised to find that instead of having a strict tiered system of accounts, new customers are contacted by a representative when they set up a new account and can have their account tailored to their needs and trading history. Possible account benefits include higher payouts, faster withdrawals, individualized service and coaching, and the possibility to claim a Global Trade Option bonus on initial deposits. Deposits are withdrawals are secured by SSL encryption and can be made through i-account, wire transfer, or major credit cards like MasterCard and Visa.
There is nothing about GlobalTradeOption.com that is completely new or unique, and that is perfectly fine. Because what it does offer is a binary option platform backed by an established company and reliable software that traders can trust. It may not have all the bells and whistles as other sites, but its simplicity and solid reputation make Global Trade Option a broker to consider.