At first, OptionPrime is indistinguishable from the dozens of other white label SpotOption brokers which have popped up in the past few years. That being said, once you look a little deeper it becomes apparent that while the team at OptionPrime.com didn’t put too much effort into making the website or platform look any different, they have put a lot of effort into customer service while also choosing to offer some of the highest average payouts among binary option brokers today.
Software and Features
Powered by the highly-regarded, much-loved SpotOption trading software, Option Prime offers its traders the platform with the most flexibility, simplicity, and power. Mobile trading is also supported within the platform. While a demo account is something that would be great to see, new traders aren’t completely abandoned as OptionPrime does have a better set of educational materials, webinars, and videos than most other sites. Experienced traders can likewise benefit from the daily market updates and news feed. Customer service was refreshingly available and helpful through 24/7 live chat during our OptionPrime review. Telephone and email support in multiple languages is also available.
Option Types Offered
Another area in which OptionPrime could improve is their asset list, which only contains about 60 stocks, indices, currency pairs and commodities. Luckily the SpotOption platform allows these assets to be traded as regular call/put options, 60-second options, and one-touch options. More flexibility can be found in the Option Builder feature and through the Pro Trader platform which allows for real-time monitoring of open positions and the ability to sell options early, roll them over, or extend them. One of the best parts about trading at Option Prime is their high profit percentages, with most in-the-money trades paying from 80%-85%. Refunds of as much as 10% are offered on losing trades, as well.
Account Types Offered
Following more recent trends among white-label brokers, there are no account types listed; instead, new customers are encouraged to request a call from an OptionPrime representative when they set up an account who can help tailor an account to the needs of the trader. Some account benefits may include faster withdrawals, individual coaching, and access to an OptionPrime bonus of as much as 100% on first deposits. 256-bit SSL encryption protects deposits made through credit cards or e-wallet services.
Although there is nothing special or unique about the platform or services at OptionPrime, their extremely good customer service and their well above average profit percentages do make them stand out from the crowd. And while there is nothing superior or innovative, the team at OptionPrime.com does make sure that the services they offer are the best they can be.