Since its launch near the end of 2012, the British Virgin Islands based OptiMarkets broker has been working hard to establish itself as a major player in the binary options industry. While not yet amongst the elite online brokers due, OptiMarkets.com is an extremely solid and reliable trading platform which offers some of the best payouts currently on the market and shows a lot of promise for future growth.
Software and Features
The online platform at OptiMarkets.com is powered by Tradologic and boasts some great features along with its speed and ease of use. With the OptiMarkets software there is no need to download anything, so trades can be made from anywhere. Unfortunately, there are few educational resources which newer traders can take advantage of. The Learn to Trade section is rather bare, and there is no demo account available. Customer support is extremely good, albeit only available in English at the time of our OptiMarkets review. All transactions are heavily guarded and encrypted by SSL technology, which is quite reassuring.
Option Types Offered
The list of underlying assets at Opti Markets is still lacking in comparison to many top brokers, with only 55 stocks, indices, commodities, and currencies on offer. That being said, they are one of the better places to trade options on commodities, as they have a much larger list of assets than most. Option types come in the standard digital, 60-second, one-touch, and range varieties. Traders are able to sell back or roll over options as well. One of the biggest selling points at OptiMarkets is the fact that they offer up to 95% returns on in-the-money trades, which is one of the highest rates out there.
Account Types Offered
At OptiMarkets, they have decided not to offer the system of tiered accounts and offer specific benefits to traders based on their individual needs, deposits, and trading history. Depending on how much a trader chooses to deposit, he or she may be offered as much as a 250% OptiMarkets bonus, although it is unclear how much money must be deposited in order to qualify for that amount. The minimum deposit is $200 and can be made via major credit cards and through wire transfers.
OptiMarkets certainly has a way to go before they enter the upper echelon of binary option brokers. The lack of educational materials and the small list of assets is disappointing, although both of those will no doubt be augmented in the future. Right now, the chance to claim a large bonus and take advantage of extremely high payouts is a great reason for experienced traders to take a look at what OptiMarkets has to offer.