Just when it starts to seem like every binary options broker looks exactly the same and offers exactly the same experience, a breath of fresh air like OptionTrade appears and shows the rest of the pack what being a great broker truly looks like. Cyprus-based OptionTrade is CySec and EU licensed and regulated, which should inspire trust in any trader and since their 2013 has made OptionTrade.com one of the very best binary trading platforms in operation today.
Software and Features
The platform at OptionTrade is presented by HotForex and powered by ProTrader, which have a pedigree that most binary options platforms can only dream of. The platform is both incredibly powerful and versatile while staying user-friendly and OptionTrade.com provides all the necessary tools that any beginning or veteran trader would need to learn the platform. They even offer a free demo account, which is something that is becoming increasingly rare. Traders can take advantage of an economic calendar and market analyses to help devise successful trading techniques. But probably the best feature of OptionTrade is its regulated status. Both live chat and telephone support are quite good and available 24/5 in multiple languages.
Option Types Offered
At Option Trade, they don’t fool around by mind-blowing 200-plus assets from the worlds of stocks, commodities, pairs, currencies, and indices at the time of our OptionTrade review. All of these can be traded through standard digital options, long-term options, 60-second options, pairs trades, and one-touch options. A meta platform is also available which allows for roll overs and for traders to sell early to secure profits and avoid losses. Payouts are in-line with other brokers, topping out at 85% for in-the-money trades while some losing traders carry rebates.
Account Types Offered
A relatively low $100 deposit is all it takes to qualify for a Standard Account which allows for full access to the platform and is eligible for an OptionTrade bonus, which can be as much as 100% of your first deposit. One fantastic thing about the OptionTrade bonus is that it is kept in a separate account and even if you accept the bonus, you can still withdraw your own money at any time. Higher initial deposits qualify clients for Premium and VIP account which offer additional trading resources, higher bonuses, and a personal account manager. Banking is secured by SSL encryption and can be done through a multitude of ways including credit cards, wire transfer, and e-wallets like Neteller.
OptionTrade is the real deal, and one which should be at the top of the list for every trader, no matter how experienced or how new they are. Being regulated means that the Option Trade team have to be honest and make OptionTrade.com a great site, and they have certainly managed to that remarkably well.