OptionTrade

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OptionTrade Archive Review

A binary options trading platform brand of HF Markets (Europe) Ltd, OptionTrade was set up in 2013 to provide traders of binary options with “…a cutting-edge trading environment” and the opportunity to earn up to 85%. With the state of the Gen 2 SpotOption trading platform, OptionTrade is able to offer its clients unrivalled trading experience and a diverse range of contracts such as 60 Seconds Options, Classic Options, One Touch Options, Long Term Options, Pair Options and Ladder Options.

Uniqueness

What is truly unique about the Gen 2 SpotOption trading platform is the ability to trade using the time proven “Ladder” trading strategy with just a single click of the mouse. Previously, before the introduction of this feature, in order for a binary trader to execute this strategy, he had to make a separate individual trade for each price level. Now, this process has been simplified by SpotOption.

Assets & Payouts

With more than a hundred different assets spread across 20 different markets, OptionTrade truly offer their traders the opportunity to diversity their investments. The following list provides some indications of the extent of their market coverage:

Commodities	Equities	Forex	Indices	Pairs
COFFEE CORN GOLD GOLD/EUR OIL PLATINUM SILVER SUGAR NO 11 WHEAT	3M AIG ALLIANZ SE AMAZON ANZ BANK APPLE AXIS BANK BAIDU BANCO SANTANDER BARCLAYS BHP BILLITON BHP-AU BitCOIN/USD BLACKBERRY BMW BNP PARIBAS BP BRITISH AMERICAN T CATERPILLAR CHEUNG KONG CITIGROUP CNOOC COCA COLA DAIMLER AG DANONE SA DELL DEUTSCHE BANK DEUTSCHE TELEKOM DISNEY EBAY EXXON MOBIL FACEBOOK FAZ-SHORT BANKS FIAT FRANCE TELECOM GAZPROM GENERAL MOTORS GOLDMAN SACHS GOOGLE GROUPON HSBC HOLDINGS HSBC-HK IBM JP MORGAN CHASE LAS VEGAS SANDS LINKEDIN LOUIS VUITTON LUKOIL MASTERCARD McDonald’s NETFLIX NISSAN MOTOR PETROBRAS PFIZER PUBLICIS GROUPE RENAULT RIO TINTO RIO-AU S.BANK INDIA SAB MILLER SBERBANK SHANGHAI COMPOSITE SIEMENS AG STARBUCKS TATA MOTORS TATA STEEL TELEFONICA TESCO TEVA PHARMA TOTAL UNILEVER VIVENDI SA VODAFONE VOLKSWAGEN Wynn Resorts	AUD/CAD AUD/CHF AUD/JPY AUD/NZD AUD/USD CAD/JPY EUR/AUD EUR/CAD EUR/GBP EUR/JPY EUR/RUB EUR/USD GBP/CAD GBP/CHF GBP/JPY GBP/USD NZD/JPY NZD/USD USD/CAD USD/CHF USD/INR USD/JPY USD/RUB USD/SGD USD/TRY USD/ZAR	ASX ASX FUTURE BOMBAY SE BOVESPA-F CAC CAC FUTURE DAX DAX FUTURE DOLLAR INDEX FUTURE DOW DUBAI FTSE 100 FTSE FUTURE HANG SANG FUTURE. HANG SENG IBEX IBEX FUTURE JAKARTA SE KL FUTURE KOSPI MICEX10 NASDAQ NASDAQ FUTURE Nifty NIFTY FUTURE NIKKEI 225 NIKKEI FUTURE PETROCHINA-SHG RIO T. VS BHP B. RTS RTS FUTURE S&P 500 S&P FUTURE SHENZHEN 300 SMI-FUTURE SSE180 TADAWUL TAIEX TEL AVIV 25 TOPIX TSX 60 VIX FUTURE	APPLE VS AMAZON APPLE VS GOOGLE BNP VS BARCLAYS CITIGROUP VS AIG DAX VS CAC GOLD VS SILVER

 

License & Regulation

Apart from being licensed by the Cyprus Securities Exchange Commission (CYSEC) under license number 183/12, OptionTrade is also registered with the following regulatory bodies across Europe:

 

• Authority for the Financial Markets (AFM – Netherlands)
• Autorité de Contrôle Prudential (ACP – France)
• Central Bank of the Czech Republic (CNB – Czech Republic)
• Comisión Nacional del Mercado de Valores (CNMV – Spain)
• Comissão do Mercado de Valores Mobiliários (CMVM – Portugal)
• Commissione Nazionale per le Società e la Borsa (CONSOB – Italy)
• Federal Financial Supervisory Authority (BaFin – Germany)
• Financial Conduct Authority (FCA -UK)
• Finansinspektionen (FI – Sweden)
• Finanstilsynet (Danish FSA – Denmark)
• Finantsinspektsioon (Estonia)
• Hungarian Financial Supervisory Authority (HFSA – Hungry)
• Národná Banka Slovenska (Slovakia)
• Polish Financial Supervision Authority (KNF – Poland)

 

Pros

• 100% Matching Bonus
• 3 Different Account Types
• Comprehensive Training Support
• Demo Account Provided
• Diverse Range of Assets
• Regulated Broker

Cons

• Support only available 5 days a week

 

Conclusion

While OptionTrade has only been in existence for less than 2 years, they have taken considerable effort to ensure that their operation is legal not only in Cyprus but across multiple jurisdictions. Safe to say, prospective traders of OptionTrade need not worry about the legitimacy of this broker. If after testing out their obligation free demo you want to open a live trading account, OptionTrade only require a low minimum deposit of $100. Not only do they make it easy for a person to open a live trading account with them, they also make it easy to trade by setting their minimum trade requirement at $10.

Ratings Overview

Customer Service Rating – 8

• 24/5 Support Services
• Phone Support Available
• Trading platform translated into 17 languages

Asset Choice Rating – 10

• 75 Stocks
• 26 Currency Pairs
• 9 Commodities
• 42 Indices
• 6 Pair Options

Deposit Method Rating – 9

• Credit Cards
• Wire Transfer
• Web Wallet 

Minimum Deposit Rating – 9

• $100

Minimum Trade Rating – 9

• $10 Minimum 

Trading Features Rating – 10

• Standard Call/Put Binary Options
• One Touch Binary Options
• Long Term Binary Options
• Short Term Binary Options
• Ladder Options

Payout% Rating – 9

• Up to 85%
• Buy Back feature
• Rollover feature
• Close Now feature

Bonus Offers Ratings – 8

• Up to 100% matching bonus

Site Intangibles Rating – 10

• Regulated
• Demo account
• Training videos
• Webinars