OptionTrade Broker Review

 


optiontrade logo

 

 

 

Pros

  • Regulated by CySEC

  • Fast, easy withdrawal process (without limitation)

  • Fast, secure payment methods

  • No commissions or fees

  • 100% Cash Match Bonus

Cons
  • Does not accept US traders

Summary

OptionTrade is the Binary Options off-shoot of award-winning, global FX broker, HotForex.  With OptionTrade, investors can be sure that they are dealing with a fully licensed, EU regulated broker. OptionTrade is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) and operates in accordance with MiFID (Markets in Financial Instruments Directive) regulations.

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optiontrade homepage screenshot
optiontrade trading screen

OptionTrade Broker Review

OptionTrade is the Binary Options off-shoot of award-winning, global FX broker, HotForex.  With OptionTrade, investors can be sure that they are dealing with a fully licensed, EU regulated broker. OptionTrade is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) and operates in accordance with MiFID (Markets in Financial Instruments Directive) regulations.

The company behind OptionTrade, HotForex, has been on the scene since 2010 and is known for its innovative approach to FX trading services; OptionTrade reflects the company’s core values of honesty, openness and transparency, and the two brands share common goals – providing exceptional customer service and cutting-edge trading products and services that ultimately enhance their clients’ trading experience

Trading Platform

OptionTrade  knows that clients don’t want to be tied to their desktops and that they need a user-friendly interface that will allow them to place trades quickly and easily. ProTrader is an advanced, highly intuitive, responsive platform and because ProTrader is web-based, traders only need a device and Internet connection to trade on-the-go.  In addition, they can trade from OptionTrade’s Android or iPhone apps from anywhere at anytime.

 

Option Types

OptionTrade  offers clients the chance to invest in more than 200 financial assets Classic, Long-term, One Touch, 60 Seconds and Pairs options.

Account Types

OptionTrade offers 3 different account types that will satisfy the trading requirements and pocket of any investor. The minimum deposit is $100 for the Standard account, $1000 for Premium clients and $5000 for VIP account holders. All accounts offer a host of basic benefits including:

  • Cash Match Bonus
  • Mobile Trading
  • Client Protection Insurance
  • Risk Management Tools

Additional Premium benefits include:

  • Trading Central Reports
  • Free Video Tutorials
  • Webinars in 8 languages

VIP clients enjoy all benefits of Standard and Premium status, plus they will also be allocated a:

  • Personal Account Manager

Minimum Trade

  • Minimum trade amount for Short Term Options is $5 and Maximum is $250
  • Minimum trade amount for Classic, Long Term and Pairs Options is $10 and Maximum is $1,500
  • Minimum trade amount for One Touch Option is $50 and Maximum is $500
  • Minimum trade amount for Ladder Option is $25 and Maximum is $500

Payment Methods

  1. Wire Transfer
  2. Credit Cards
    • Visa
    • Visa Electron
    • MasterCard
    • Maestro
  3. Online Payment Methods
    • Webmoney
    • Skrill Moneybooker
    • Neteller
    • Sofort
    • iDeal
    • China Union Pay
    • Przelewy24
    • FasaPay

100% Cash Match Bonus

OptionTrade’s 100% CashMatch Bonus illustrates this broker’s client-centric outlook and commitment to delivering a fair and transparent service. At OptionTrade, a client’s own funds and any profits made may be withdrawn at any time without restriction as they are kept in an entirely different account to any 100% CashMatch Bonus claimed; the CashMatch Bonus amount will only be released for withdrawal or trading when the applicable volume requirement is met (See 100% CashMatch Bonus Terms and Conditions.

 

Education and Support

  • Comprehensive Binary Options educational resources
  • Free demo account
  • Free live webinars
  • OptionTrade Academy video tutorials

 

Customer Support

OptionTrade offers multilingual 24/5 support via Live Chat, telephone +357 24 400561 and email support@optiontrade.com.

 

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