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Binomo Online Binary Options Broker Review
What is Binomo?
Binomo is an online option trading broker that started operations in 2020. The broker is a subsidiary of the Dolphin Corp and is headquartered in the St.Vincent and the Grenadines under registration number 25151 IBC 2020.
with has there office located on the First Floor of First St Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines
Also, they work with a payment agent to secures there banking: Pollack Trade LTD (a company registered in accordance with the legislation of the Republic of Bulgaria, whose office is located at Georgi Sava Rakovski St. 96, Sredets Region, Sofia Municipality, Sofia 1000)
The platform provides contact customer support by Email [email protected]
Currently, this broker is only regulated by the International Financial Markets Relations Regulations Center (IFMRRC). The organization describes itself as a non-commercial body created to regulate services provided by brokers, dealers and other financial and investment institutions.
Binomo Platform guide:
Is Binomo a scam or legit online options broker?
One of the key features I look at when deciding whether a broker is legit or not is if they’re fully regulated by a reputable authority. As I mentioned, Binomo is regulated by the IFMRRC. I usually place preference to brokers who hold certificates from reputable authorities like CySEC, ASIC and FCA.
After combing through the Binomo website, I found that they have a pending CySEC and CPO regulation. Although it’s a good indicator about how serious the broker is about attracting traders from different parts of the globe, I’d advise traders to wait until they’re fully regulated by CySEC.
However, if you still want to try out the platform, you can take advantage of their low $10 minimum account deposit to start trading. This will enable you to try out the platform without risking a lot of money.
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General Risk Warning! your capital may be at risk
What makes Binomo stand out?
The Binomo platform is quite unique and offers several trader friendly features. One feature that really stands out is the ‘hotkey’ option. Once enabled, you can quickly issue commands such as increase/decrease investment amount and execute trades without using a computer mouse. The platform also provides many charts and technical analysis tools. This makes it easy to customize your trading interface to suit your trading preferences.
Does Binomo have any major shortcomings?
Every trader wants to have control over their investment. Binomo has a clause in their terms and conditions that seems to limit this control. According to the clause, you will have 10% deducted from your funds should you decide to withdraw before your trade turnover reaches at least twice the deposited amount.
For example, say you deposit $100 and decide to withdraw the whole amount before making trades worth $200 or more. Binomo will deduct 10% ($10) from your funds.
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Should you open a Binomo trading account?
This online broker offers a demo trading account credited with $1000. This is a good place to get started in order to get a feel of the platform. You’ll only need a valid email account to open a demo account. In addition, you can easily replenish the demo account funds if necessary.
But, what does a real Binomo trading account offer?
The platform comes with a well-designed trader interface. It isn’t cluttered with a lot of features which is a great thing especially for beginner traders. Besides being able to trade directly from your browser, you can also access the Binomo platform via Android or iOS app.
Besides the demo account, there are three other account types to choose from as follows:
1. Binomo Standard Account
To open a standard account, you’ll only need a deposit of $10. Profitable trades provide a return of 85%. Withdrawals are processed within 3 working days.
2. Binomo Gold Account
The minimum deposit to open a gold account is $500. Gold account holders earn returns of up to 86% on profitable trades. This account type also attracts a weekly cashback of up to 5% and withdrawals processing of within 24 hours. Other benefits include a personal manager and advisory services.
3. Binomo VIP Account
The minimum amount needed to open a Binomo VIP account is $1000. You can receive up to 100% bonus once you open a VIP account. Returns on successful trades can reach 97% and withdrawals are processed within 4 hours. VIP account holders are also eligible for a 10% weekly cashback and other additional features not available to Standard and Gold accounts. It’s worth noting that each of these live accounts attracts a signup bonus. Bonuses are also offered to existing account holders from time to time. Binomo offers a range of tradable assets to choose from. These include currency pairs, commodities, stocks and cryptocurrencies. The number of assets you have access to largely depends on the account type you sign up for with VIP account holders having access to the widest range.
There are two option types to choose from. The turbo option allows you to enter and exit trades within a 60-second time frame. The classical high/low option on the other hand offers multiple expiry periods of 15, 30 and 60 minutes respectively.
You’re not tied down to the expiry you set at trade entry. The platform allows you to choose sequential 1 minute expiry periods of up to 6 minutes.
For example, if you enter a trade at 12.36 pm, you can set expiries of 12.37, 12.38, 12.39, 12.40, 12.41 and 12.42. There’s no limit to the number of positions you can enter at any given time. This makes it easier to maximize profits within a specific time period. You can also trade during weekends.
In order to be able to follow price trends easily, the platform’s chart can be divided up into several time frames ranging between 5 seconds and 5 minutes. By rolling your mouse wheel, you can zoom the chart in and out.
The platform also offers a wide range of technical analysis tools that allow you to keep track of trends in real time. Binomo also offers the ‘hotkeys’ tool which is unique across the online options brokers I’ve tried out. What this tool does is activate keyboard shortcuts to common commands you issue while trading.
This way, you won’t have to rely on clicking on your mouse when issuing commands thus saving time. I would however recommend you first memorize the different hotkeys using your demo account before trying them with a live account.
If you’re just getting started as a trader, Binomo provides a collection of tutorials to get you on track. These include video tutorials, a detailed knowledge base, and strategies section. Their FAQ section however isn’t as detailed as you’d expect with any online options broker.
The minimum amount you can invest in a trade is $1. The platform accepts several payment methods that include credit/debit card, QIWI, Neteller and WebMoney. Withdrawals are made to any of these payment systems. The broker doesn’t charge any withdrawal fees unless you want to withdraw funds before trading an amount at least twice your last deposit.
Binomo also regularly offers tournaments which make it easy to earn money outside your normal trades.
So what’s my opinion regarding whether you should open a Binomo account or not?
I believe the platform has made an effort to stand out as a legit online options broker. I’m a bit reserved when it comes to brokers regulated by the IFMRRC only. Their requirement that you have a trade turnover exceeding twice your deposit amount before withdrawing is also something they need to work on.
However, given that you can deposit $10 and trade with as little as $1 I consider Binomo worth trying out. But before making my final conclusion, it’s best I consider existing trader complaints as well as a breakdown of how I rate different Binomo features. General Risk Warning! your capital may be at risk
Binomo trader complaints
Due to the IFMRRC regulation, it’s safe to say that Binomo primarily targets traders from Russia and other Asian countries. This could explain why I couldn’t find any complaints from traders in Europe or Australia (Binomo doesn’t accept traders from the US).
However, I did come across a YouTube video. In it, the trader complains about not being able to withdraw profits that were tied to bonuses. This is a typical complaint I’ve come across with regard to brokers that offer bonuses to new traders. I usually advise that you first read the fine print explaining the intricacies tied to profits earned from bonuses.
How do I rate different Binomo features?
As usual, I always try to compare different online brokers based on the different features they have to offer. So based on a rating of 20, here’s my breakdown of Binomo’s features.
User friendliness and accessibility
The Binomo platform is well designed. The trading interface isn’t cluttered with many features which often negatively affect usability. The ‘hotkeys’ option also makes it easy to issue different commands using your keyboard. Opening a demo account requires only your email address. The platform is also easily accessible via browser and mobile apps. The 14 language options also make it easy for traders around the globe to access the platform.
There are 3 real account types to choose from. The Standard account makes it easy to try out the platform without investing more than $10. Each account comes with its own unique features. However, Gold and VIP accounts offer more goodies including faster withdrawals, access to more assets and better support.
Number of Assets
There are about 80 different assets to choose from. These include currency pairs, commodities, indices and cryptocurrencies.
However, the number of assets you can trade in is limited based on the account type you hold. To access more assets, you’ll need to open a Gold or VIP account meaning you’ll need to invest more of your money.
Option types and expiry periods
You can choose between turbo options and classic high/low options. The former has expiry periods ranging between 1 second and 5 minutes. The latter has expiry periods of between 15 and 60 minutes. You can also enter multiple trades at a time.
Getting started with the platform is quite easy. However, the amount of support you receive thereafter could use some improvements. Their phone support is available for 4 hours. You could still contact support through email,live chat and Skype.
Fees and effective return
Binomo doesn’t charge fees on trades executed. However, you can have 10% deducted if you decide to make a withdrawal before executing trades of at least twice your last deposited amount. Profitable trades can earn up to 87% effective return. This is considerably lower compared to other brokers who offer returns of up to 95%.
Deposits, withdrawals and bonuses
The platform accepts several payment methods including debit/credit card, Neteller, QIWI, Yandex and WebMoney. Withdrawals processing will take anything between 4 hours and 3 working days depending on your account type. Binomo also offers bonuses on deposits which can be up to 100% for VIP accounts. The turnover cap on bonuses ranges between 30 and 40 times the bonus amount. trading in Russia? We’ve found a highly rated fully regulated broker for you. Start trading with Olymp Trade now!
Binomo provides the ‘hotkeys’ feature which I found to be unique, useful and time-saving. The ability to replenish your demo account is another feature I found useful especially for new traders learning how to use the platform. Another noteworthy extra is the different tournaments offered to traders. This allows you to earn extra money outside normal trading.
Binomo is a decent online trading platform. It comes with all the features you’d expect from a broker trying to attract traders from across the globe. The platform is well designed and offers many trader friendly features.
However, there are several shortcomings that cannot be overlooked. First is the regulation issue. Being regulated by the IFMRRC only locks out many traders especially from European countries.
Their phone support could use additional live hours. The 10% fee on withdrawals made before a certain turnover is achieved is another shortcoming worth considering before investing with this broker.
Overall, I wouldn’t rate Binomo very highly. If you’re looking for a highly rated and fully regulated options broker we’ve got the right one for you. Simply click here.
General Risk Warning! your capital may be at risk
IQ Option Review, IQ Option SCAM Broker Or Legit?
IQ Option Review and Investigation – Is IQ Option SCAM or Not?
IQ Option is a fully regulated binary options, Forex, CFD, and Cryptocurrency broker. Official records show that it owned and managed by Iqoption Europe ltd. Their listed address is Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The advertised phone number is +44 20 8068 0760, and email address for customer service related questions is: [email protected] .
Official Website, Login Page, and Members Area: https://eu.iqoption.com/en
Disclosure: We are NOT acting as affiliates in this genuine IQ Option review hence all information presented to you is factual and impartial.
Licencing (All Verified by Our Researchers):
CySec: License 247/14
Financial Conduct Authority (FCA) in the United Kingdom: 670182
ConSob Italy: 0008204/15
CNMV Spain: Registration Number 3867
BaFin Germany: 141907
Regafi France: 75119
Minimum Deposit: $10
Minimum Account Size: $10
Minimum Trade Amount: $1
Demo Account: Yes
Multi-Language Support: English, German, French, Spanish, Italian.
Accepted Payment and Deposit Methods: Paypal , Credit Cards, Skrill (Moneybookers), Webmoney.
Number of Assets: Over 500
Asset Types: Currencies , Indices, Cryptocurrencies, Stocks, and Commodities
Iq Option offers trading via iPhone, Tablets, i Mac, Android, IOS, and a variety of other smart phones such as Samsung or HTC.
Contract Expiry Times
Assets max expiration time is up to one day. When trading binary options the most popular with traders are short-term contracts like 60 seconds and turbo options which vary from 30 seconds to 5 minutes depending on brokers. The minimum allowed expiration time is 5 minutes on binary and 1 on turbo. OTC trading is also available on IQ Option, which means if you have free time during the weekends and holidays you can use it to trade.
The advertised maximum return is up to 91%, but we highly doubt that and chances are you will lose your money. We will address this issue as we progress with our IQ Option Review.
IQ Option Review
IQ Option is a regulated binary options broker which was founded in Seychelles and later on received a license from CySec. IQ Option is widely considered to be “the broker of choice” for many affiliate websites and blog owners wanting to promote binary options and receive commissions for referring day traders and various opportunity seekers.
In fact, many review sites specifically target get-rich-quick schemes like the Bitcoin Code and advise traders to only use regulated brokers because that is safe and you won’t get ripped off. In theory this is correct, but what they fail to tell you is that when binary options are concerned the chances of someone actually generating profits and being able to withdraw money is virtually zero. That is why the staff and management here at Binary Scam Alerts will NEVER endorse any binary options broker regardless of their licence or jurisdiction.
In this context, with the exception of a few regulated exchanged all binary options brokers are SCAM as your loss translates into their gain. Hence there is an inherent conflict of interest, and IQ Option SCAM Broker is no exception. The fact that they are regulated does not mean the odds are stacked up in your favor. In fact, the exact opposite is the truth and if you know anything about binary options or had a problem cashing out because you accepted a bonus and were not aware there are trading requirements attached to it then you obviously understand what you are up against.
IQ Option Review: Aston Martin
We are not impressed with a sponsorship or branding. In fact quite the opposite is true! We could care less about what kind of sponsorship deals IQ Option makes, and to be quite honest it just makes us more suspicious. A truly honest broker just pays on time or before and solves problems quickly for its customers by offering superior customer service and being attentive to its customers needs.
IQ Option Complaints
We have received quite a few complaints about IQ Option, and most of them have to do with not being able to cash out and how the demo account is rigged and shows only wins but when investing money the trend reverses and you lose everything. Stall tactics such as invalid documents, and improper identification are constantly used to defer, deflect, and ultimately dissuade traders from cashing out their money.
Advertised Withdrawal Times
They claim 3-5 business days but in reality you would need to send a mountain of documentation in order for the compliance officer to approve the the withdrawal request. Here is actually when regulation is AGAINST you as they will say that it is required by the licensing authority to have all documentation presented in a clear and legible way. Personally, we find this type of behavior repulsive because this organization certainly knows how to take your money but when it comes to cashing out well then the bureaucracy and regulatory apparatus goes to work and everything has to be “by the book” all of the sudden.
IQ Option 60 Seconds Strategy
If you are a 60 seconds fan then IQ options will have a “senior account manager” contact you and start dispensing advise about what type of strategy is best. Momentum, Swing, Fundamental, Technical Analysis are all up for grabs and you can take your pick but there is only one place you are going and that’s the bottom of the barrel.
IQ Option Platform – Innovative Custom Charts Or Rigged Software?
Here is a screenshot of the IQ Option software. It is plain to see that in this scenario the customer is trading USD/CAD currency pairs in “Binary”. The expiration times on the right panel are clearly marked and they even have their own indicator panel which acts as a kind of signals software advising traders what is the trend. Some traders say the platform is very intuitive and user-friendly, but we found it to be cumbersome and difficult to maneuver in.
In reality, this is probably one of the most misleading graphical elements in the whole trading environment as people will act on this indicator and buy contracts (call or put) based on what they believe to be the trend. But when actually trading , the movements are not measurable and room for error is so big that most likely the traders will lose their money.
Is IQ Option SCAM?
The IQ Option SCAM does not operate in the usual or standard way we are accustomed to see. Of course all the licenses set it apart from the rest, however we are dealing with wolves in sheep’s clothing. Remember, these people are not your friends and will excessively use the fact that they are regulated in order to get you to drop your guard and deposit more funds. In reality, in most cases you will end up losing your money and think of how you reached this terrible financial situation again.
Does IQ Option Offer Cryptocurrencies Such As Bitcoin and Ethereum?
Yes they do offer Bitcoin Cash, Ripple, Monero, Dash, Zcash, and Litecoin. But again, trading cryptocurrencies with ANY binary options broker is like shooting yourself in the head.
IQ Option Bonus
Bonuses are no longer available with IQ Option as a part of the policies implemented by CySec. Usually when bonuses are issued there are trading requisites and that is when the complaints start, so we were informed that this is the reason bonuses are no longer available.
IQ Option VIP Club
If you want to be an IQ Option VIP you will need to fork up at least $3,000 as an initial investment. That will get you a “personal account manager”, “faster” cash outs, and a monthly analyst meeting. In reality, that meeting is designed to get you to spend more, and faster withdrawals are limited based on the terms and conditions which can be changed at any time.
IQ Option Signals
IQ Option does not advertise their signals, however they do allow 3rd party providers to offer them if it passes their compliance desk.
Terms and Conditions (The Fine Print)
Something that really got us angry is an inactivity fee of 50 Euros which is incurred and deducted automatically from your account if you don’t trade for 90 days. Other than that it’s the usual spiel.
Signals, Forex EAs, Crypto Robots, and Brokers
It’s not every day we endorse a broker or system, and when we do it means they passed our screening rigorous process. If you are searching for a solid alternative to IQ Option, then we have managed to find a few for you, just check out our recommended section.
IQ Option Review Summary and Conclusions – Blacklisted?
The IQ Option SCAM does not operate like the usual get-rich-quick scheme. In fact, it does not answer to the classic definition of the word SCAM, however certain scam tactics are definitely used in order to delay and defer withdrawals. Specifically annoying is the fact that IQ Option as well as other regulated brokers use their regulation as a proverbial fig leaf in order to veil their intentions. Ironically, an unregulated broker can be much more attentive to your needs as they value each and every customer and wish to be as polite and professional as possible in order to avoid being exposed as a SCAM broker on the internet. To sum up, IQ Option is NOT recommended because we do not recommend any binary options brokers regardless of their credentials. We could care less about their partnership with Aston Martin, and only lookout for the welfare and financial well-being of our members and viewers. Don’t for get to check out our Facebook page and subscribe to our YouTube Channel.
Is 24Option Scam? Broker review
On the web, you can find a lot about 24option. It is no surprise, because according to the statistics, 24option is the 2nd largest binary options broker in the world (Banc de Binary is 1st) However in this review, we will show you all information combined, making a big list of reasons why 24option is a scam or not.
24option is a binary options broker established in 2020 with headquarters in Limassol, Cyprus . Some may think this is s red flag, but, in fact, that is completely normal for binary options brokers. Most of them have their headquarters in Cyprus, because of regulatory purposes.
24option basic info
- Official Website: www.24option.com
- Headquarters: Limassol, Cyprus
- Trading Platform: Tech Financials
- 2nd largest binary options broker
Why is 24option scam?
I’ve read many complaints against 24option, saying that they scam people, they never let you withdraw your earned money, or even they lie about giving you free money and such. Those are all invalid reasons. Read on to see what I mean.
People complain, that they were offered free money (24option bonus) but then when it came down to paying customers out, there were problems. Yes – this situation can occur. But only if a customer has accepted a bonus AND has not completed all procedures needed for the bonus to be withdrawn. In order to withdraw money including the bonus offered by 24options, a customer is required to:
- Upload necessary documents to prove the customer is, in fact, the person they claim to be
- Complete wagering requirements (40x the value of the bonus)
If any of the above is not met, the withdrawal of the bonus funds is not possible. If you have this kind of problems, please, contact the customer support.
Another reason why clients might complain and dislike 24option is: losing their money. Trading binary options simply involves risk. Everyone should know that. It is an investment, with which your money is at risk if you do not invest (make trades) wisely. If you do not know what you are doing, please, learn something about binary options first and try trading on a demo account. You can do that either with 24option, but also with our demo account: x Binary Options Demo.
24Options are regulated by important regulatory authorities of the world including the FCA in the United Kingdom, CySEC, Financial Market Authority and more. The complete list of regulators, that have approved trading with 24options can be found below – all of these official authorities have said “24Option is NOT a scam,” and gave them regulations.
A list of regulations found at www.24option.com
Their platform (Tech Financials)
Tech Financials is a platform programmed by a third-party company that creates binary options trading platforms not only for Banc de Binary but also for other brokers. 24Option is, however, one of the few brokers that use this platform.
This means that trading program, where traders make all the trades is not programmed by the broker itself, but by a different company. In the company’s intents is to make the platform as good as possible, in order to sell it to their clients (24option). If it was any sketchy, they would not buy it.
24option’s platform had to be reviewed by all regulatory authorities.
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More information about 24option
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
190 Responses to “Is 24Option Scam? Broker review”
I lost a house worth of money. DO NOT GO HERE it ruined my life
The worst trading plataform, don’t trust them, they will rip you off.
The worst trading plataform, they just rip me off 300 dollars from my account with the explanation was that the account was inactive for 1 month scammers, they don’t ever let you know that there is a fee for this and before they made close all my operations, because they had to makes changes to the plataform, without any notice. Im going to redraw my money now from this scammers.
Sir, is Premium 24option a scam? Can i still get my money from them?
Hello, I don’t know anything about 24option premium, I’m sorry.
Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username
Hello, thank you for sharing your story. Trading is really complexive and long term activity. It took some time to find the right strategy, broker and the power to influence own psychology. Be patient. We wish you good luck.
24 option is a scam organised by Israelis, do NOT trade and watch out. you will find more infos on YouTube. Good luck to all of you
HI, so Option 24 is a scam. i invested money about 3 weeks ago, now they say i must pay 10% of the total profit made. they say because the american government and the IRS tax officials have found that a lot of money is made the thought binary trading. am i scammed or what. when i asked why they did not tell me prior they are not giving clear answers. is there a way of getting back the funds i invested??
Mlu did you get any help regarding your account. I also need help.
We are on the same boat. $100 =$1000, did I get No. Now they want withdrawal fees unexplained. That is 24option.
I 100% hate 24Option with all my heart.. They are thieves… Complete liars… Scammers….
Did you get your money back? Being Approached by a guy called Franco Lunga to invest
Got approached by Annika Luan, I haven’t invested anything, am so doubtful more especially being approached on social media . And they say they are using 24 option investment
hello sirs,,do you know Tatiana Konoplina > She said she is an account manager in 24option.please help me,,Ihave jnot invested yet but receiving calls from her and emails too.
The job of the account manager is to help you make your first deposit , if you don’t your account is not completed , they don’t call you to start trading or to take your money. Because when you deposit you get assigned to the Senior Account Manager who will be basically your mentor and tell you everything about trading. After that if you don’t want to trade or you don’t like it , you just withdraw your money and close your account , no questions asked and no fees! I know many people that work there.
HI I’m new to trading, my question is how is it possible to trade with minimum $200 investment under your own account? Normal broker would put you in a pool of shares under their account and managed by them, you have the option to join or not. When you trade using 24option is it your own share as in buying actual lot, or just your small portion under their share?
Dear Mozzax11, with 24Option and any other CFD brokers, it’s only a CFD. You don’t buy the stocks directly through them. However as you can read in the comment section below, it is not recommended to use 24Option!
Mr j.pro i had a friend of mine who meet a woman in facebook in the name of EDNA PEARL he says that within 48hrs we could have our gain profit. My friend immidiately finance because he trust EDNA. After 3 days jhon have his profit , but when he tried to withraw ,the company ask him 770 USD for withdrawal charges. Yes he paid it. But until now he had not withdrawn any money. Very negative. Help him . Im planning to invest or trade. But i have doubt now. Pls help us
Dear Michael, as we tell others – never trust anyone who says they will trade on your behalf. Always manage your own money. I am sad to say it, but I think you got scammed by this EDNA. Do not pay her any more money, she will never send you money back, be carefoul.
CTOption Review 2020 – Is CTOption.com Scam or Legit?
|Name||CTOption Review 2020 – Is CTOption.com Scam or Legit?|
|Legal Entity||InfiniCore Ltd|
|Full Address||England, Finchley, London, 2 Woodberry Grove|
Since its establishment, CTOption has shown unwavering commitment to the needs of customers. Presently, the broker boasts of thousands of customers in more than 90 countries across the globe, including the USA
One thing we noticed that really makes CTOption to stand out is its replicator feature. With this innovative feature, you can easily copy the successful strategies of other experienced traders and make good returns from binary options trading.
Let us review some key features offered by CTOption and ascertain its effectiveness in the industry.
CTOption withdrawal offers and payment options includes the major credit/debit cards, Neteller, Sofort, Skrill, Webmoney, local bank transfer, and bank wire transfer.
Importantly, all transactions are processed securely using state-of-the-art encryption protocols. Furthermore, the broker’s electronic payment services are certified by the Financial Conduct Authority (FCA) Electronic Money Regulations 2020 (FRN: 900190). So, you can be sure of the safety of your funds.
CTOption uses an innovative binary options trading platform powered by Panda Trading Systems Ltd., which is a software development company renowned for its top-notch online financial trading solutions.
CTOption’s trading platform is user-friendly and provides all the tools and resources you need to make profitable trading decisions, whether you are a beginner or an experienced trader.
The main types of binary options available on the broker’s trading platform are High/Low, One Touch, Range, and Hyper, with an extensive range of expiry times. You can earn up to 81% payouts when trading.
While reviewing CTOption, we found out the broker offers more than 100 assets for trading. The wide range of assets includes major stocks such as Google, Apple, and CITI, commodities such as gold, silver, oil and copper, and indices such as Dow Jones and Nasdaq. There is also an extensive range of currency pairs, including EURUSD, GBPUSD, and USDCAD.
Trading with a broker that is credible and offers transparent conditions is key to achieving success in your binary options trading career. Regulation adds to the credibility of a broker and gives customers the confidence to trade with a peace of mind.
For CTOption, which is owned by a company called Infinicore Limited, we discovered that it operates under the British law. CTOption is headquartered in Kingstown, Saint Vincent and the Grenadines. Therefore, it is not a scam broker.
Our analysis of the broker revealed that their customer support is quite a feather in their cap. A team of multi-lingual professionals, who are always striving to provide the best trading conditions, is in charge of handling the various issues raised by customers. Support is provided via email, phone or live chat 24/7.
So, if you are looking for a broker with a good and friendly customer service, CTOption could best serve your interests.
CTOption Demo Account
Opening an account with CTOption is quick and uncomplicated. We easily navigated to the account opening section and registered for a demo account to acquaint ourselves with the operations of the broker. Thereafter, we submitted some verification documents and easily migrated to a live account.
CTOption provides a welcome bonus to new accounts, and can be up to 100%.
The very idea of establishing this brokerage house was to provide convenience to traders, regardless of their particular needs and requirements. As such, CTOption offers different types of accounts. Therefore, no matter your trading style, there will always be an account suitable for your preferences and needs.
- Mini Account: This type of account, which requires a minimum deposit of USD 250, usually attracts beginners or those traders who want to check out the broker first before fully committing their funds. With the Mini Account, you will get a welcome bonus, round-the-clock support service, and weekly market news.
- Standard Account: This type of account, which requires a minimum deposit of USD 2,500, also offers a welcome bonus, round-the-clock support service, and weekly market news. Additionally, a very interesting feature of the Standard Account is that you get a personal account manager, who can be of great help in shaping your trading career.
- Executive Account: This type of account, which requires a minimum deposit of USD 10,000 or more, comes with all the benefits of the Mini and the Standard accounts. Furthermore, you will receive daily market news, access trading guru hangouts, and get a chance to win fabulous prizes. Another exciting feature is that the Executive Account does not have any processing fee.
- Islamic Accounts: This type of account is suited for Muslim traders. It offers convenient trading conditions in line with all the Shariah Laws.
Pros & Cons
- Allows U.S. traders
- Operates under the British law
- Very convenient and smooth account opening procedure
- High level of multi-lingual customer support and service
- Trader-focused trading platform
- A large variety of assets to trade
- Secure and popular deposit and withdrawal options
- High bonus amounts and payouts
- Lifetime demo account
- Ability to copy other traders
- Availability of trading signals, mobile trading, and robot trading features
- Relatively high minimum deposit requirements
- Lacks regulation from other authorities like CySEC
If you are planning to participate in the lucrative binary options industry, CTOption could be one of the choices worth considering, especially if you are based in the U.S. The convenience of the trading environment provided by the broker is high-class. More so, a team of highly experienced and dedicated professionals leads its activities.
During our review, we noticed that the broker enjoys a very favorable reputation in the industry and has a sound market standing. No doubt, it can be placed amongst the top ranking brokers.
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