Option TimeBroker Review
If you are looking for a reliable online broker for trading binary options, OptionTime is worth your consideration. While there are a few drawbacks to using this company, the service it provides is overwhelmingly positive and useful.
|Bonus||Up to 100%|
|US traders are not accepted|
- Fast withdrawals
- EU Regulated broker
- The Pro master feature with the indicators
OptionTime is owned by Safecap Investment. In the scheme of things, OptionTime is a relative newcomer. Despite that, it has a compelling advantage: The Cyprus-based company is regulated by the Cyprus Securities Exchange Commission, and a compensation fund has been established to provide up to €20,000 in compensation in the event that OptionTime goes out of business.
Although OptionTime is not as sleek and professional as some of the other binary options trading brokers available, it more than suffices for the vast majority of traders. It does not offer as many underlying assets as some brokers, but it more than makes up for that with stellar customer service, competitive payouts and a variety of account options.
Do not let the fact that OptionTime only offers one trading platform fool you. The one it offers is truly exceptional and serves as an all-in-one trading solution. Trading is easier and more effective thanks to the more than 30 technical indicators displayed at any given time. Despite having so many innovative features, including many that are not available anywhere else, the platform is extremely intuitive. If anything, it's reminiscent of a Forex trading platform, so if you are used to using one, you will feel right at home with OptionTime.
Min. Deposit€ 200
Min. Position€ 10
Like many other binary options brokers, OptionTime offers a special promotion for new traders. When opening a new account, you are eligible to receive a bonus worth 100 percent of a deposit worth up to $2,500. In other words, if you deposit $2,500, your account will be funded for a full $5,000. That's very generous compared with many other brokers out there.
Deposit and Withdrawal Methods
OptionTime lets you take your pick from many withdrawal and deposit methods, including MoneyBookers, Neteller, Fast Bank Transfer, Webmoney and major credit and debit cards.
|Speed Trading||Spread High/Low||One Touch||Option Builder||Mobile Trading||Regulated|
Toll-free telephone support is offered for more than a dozen countries. Otherwise, the support call might incur international charges, and an alternative support option would probably be better. Luckily, you can avail yourself of the live chat support feature, which allows you to chat with a customer support rep over the Internet. Email support is also available, and messages are usually handled within a single business day.
- Bank Wire
- Email: email@example.com
- Fax: +357 22-030-732
- Phone: +357 25-262-111
One way in which OptionTime stands out is by offering three types of accounts: Premium, for a deposit of $200 or more; Royal, for a deposit of $1,000 or more and Exclusive, for a deposit of $5,000 or more.
The average payout rate is 80 percent, but payouts of up to 500 percent are available through the One-Touch trading style.
A mobile version of OptionTime's proprietary trading platform is available, which is nice because it lets you keep trading while away from the computer.
Pros & Cons
- Fast withdrawals and lots of withdrawal options
- One-of-a-kind, user-friendly, feature-loaded trading platform
- Fully licensed company, and deposits are secured up to €20,000
- More than 50 underlying assets, which creates more than 100 possible trading scenarios
- Expiry times are limited to only up to one hour
- Toll-free support only available in some countries
- Bare-bones educational resource section, including very basic FAQs
With its state-of-the-art trading platform and ability to choose from five different trading styles, OptionTime is a solid choice for any binary options trader.