OptionTrade is a feature rich trading services provider with excellent customer and education services. It is part of a HF Markets (Europe) family and it is heavily regulated guaranteeing excellent safety and customer protection. Not only that this broker offers easy and fast access to the opportunities on the financial markets it is very involved in success of their clients and standing ready to even support customers on a human level through the website and staff which also consider social impact of the company.
Users get to choose from three account options when starting to trade with OptionTrade. The accounts are generally feature rich and include a wide range of features. With OptionTrade what happens in the background is one of the most striking features. We mentioned this broker is heavily regulated and this means additional banking infrastructure and safety. All users funds are insures, bonuses are held on different accounts and their business is more secure and transparent.
Bonuses (100%) are delivered on application and held on a separate Cash Match accounts that are nicely presented in the control user interface of the website. The user environment of the site is really great and responsive, and it is very powerful summing data from different accounts and transactions. This also means that bonuses are added automatically and users can always withdraw their funds independent of the assigned bonus turnover rules.
Some of the features that are offered in all account packages are
- Cash Match Bonus*
- Free Demo Account
- Quick and easy withdrawals
- Multiple accounts, one login
- 24/5 multilingual support
- Mobile Trading
- Free Trade Signals
- Client Protection Insurance
- Real-time statistical reports
- Binary Options educational resources.
These features make up the Standard account. Basically, users get all this support just for depositing minimum €100. This is a really good deal. This stems from the OptionTrade approach that is centered on providing the best resources for successful trading, starting with support in education, incredible network and trading infrastructure to signals and bonuses for more leverage when entering positions.
Premium account includes some additional features and starts with deposits above €1000. The already wide educational support materials get better with this option as this package includes access to the video on demand tutorials and Trading Central reports which area very intuitive way to receive relevant trading information and trends that help reach important investment decisions faster.
The VIP trading account adds a personal account manager who can be reached through various channels of communication and helps to improve trading experience. Users will notice that many brokers include the personal account manager in the basic accounts, but that all depends on the broker’s philosophy. OptionTrade was founded by people that are deeply rooted in the financial trading business, and they felt it was important to give people good information and education, at the right time so they become successful traders, while their powerful and advanced website solution enables an easy way to handle the technical part of the experience.
Minimum Deposit: $50
Max. Bonus: $500
Currencies: USD, EUR, GBP
Max Returns: 85%
Minimum Investment: $10
Maximum Investment: $250
Bonus Trading Terms: 20x
Trading Software and Assets
OptionTrade uses ProTrader as its trading platform solution. This is a very good choice that uses easy to use interface that masks the fact that it is very powerful and full of features. This way, even the newcomers easily get a grip of trading and using all the added features to their advantage in a relatively short amount of time. Since the platform is modular, all it requires is a an internet connection. The software will detect the device you use, be it desktop or mobile, and optimize the trading interface.
OptionTrade enables one click trading by using the ProTrader solution. The real-time financial data is processed efficiently granting users amazing accuracy and ensures there will he no lost opportunities. Also, it does give tools to give up on the trade by freezing the price for 3 seconds for an ultimate opportunity stop the trade. There is also the multiple window solution that lets users follow more than one trade. By using the history graph tool, traders can zoom out in time and asses the price movement before their trade will take place.
Standard features of the trading platform are various binary options such as the pairs, long term , 60 seconds and touch options. Secondary tools include the double up (increase the investment in an open position), roll over (increase expiry time by investing additional 30%) or sell option (exit the position before expiry to save profits.
The binary trading modes can be used to trade more than 200 assets that are part of the OptionTrade asset index.
One of the interesting features of the OptionTrade website is the transparency, by posting risk warning for uninformed traders, but also the part of the site that acts as a help and guide for people who think they may have developed an addiction. This way OptionTrade does its best that binary trading remains fun and profitable while keeping an eye on the possible negative social impact stemming from psychological barriers that may prevent rational choices of individuals. They even have a phone number for help and have developed a set of guidelines everyone should read.
Support and Services
OptionTrade ensures several channels to contact the user support. The fastest way is the live chat that is embedded in the website to the right. So as soon an issue emerges, users can contact the customer support without opening any new tabs.
There is also a phone contact, but it requires an international call. Also users can always use the provided email address to contact the customer support by sending an e-mail or completing the form on the website.
If you hold a VIP account, you have also the personal account manager at your disposal. The support is generally available during the business days – 24/5.
Banking and Company
Banking services with OptionTrade are highly efficient and fast. The company is providing almost unmatched safety in this area by using global financial infrastructure. The payment options include bank wire, credit cards and online payment options.
The minimum deposit is generally $50 while the minimum to start trading is set to $100 as shown with the Standard account package. Users can deposit using Visa, Visa Electron, MasterCard, Maestro without any fees. AMEX will be added soon but it will require certain fees (6.5% of the transaction amount).
Minimum for depositing via bank wire is $250 and it is subject to fees if less is deposited using this method. Online solutions such as ( WebMoney, Skrill, Neteller, Sofort, iDeal) are also without fees, but they do require withdrawals via the bank wire transfer. Deposits with online solutions will show up instantly, while credit cards require some 10 minutes. Wire deposits will take 1-3 days to show up on the trading account
Withdrawals are subject to a $10 minimum amount. This is valid for transfers via the aforementioned credit cards. The wire transfer requires $150 minimum. Users will cover OptionTrade costs if less than this amount is withdrawn. Credit card and wire withdrawals take some 2 to 7 days to show up on the account.
Deposit Methods: Visa, Mastercard, Visa Electron, WebMoney
Cashout Time: 24h
HQ: HF Markets Europe Ltd, Spirou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus
Online Since: 2012