OptionTrade Broker Review

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OptionTrade Review

OptionTrade is one of the brand names operated by HF Markets (Europe) Ltd, which is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC). It is actually one of very few binary options brokers to hold a cross-border licence that authorises it to provide its investment services worldwide. It proudly gives all the details of its certification on its website, which is not something all brokers are happy to do. It is also proud to tell all potential new clients that it operates in accordance with MiFID (The European Union’s Markets in Financial Instruments Directive). There are also a number of other regulatory bodies that OptionTrade is proud to be a member of. All of this serves to add assurance that OptionTrade is a reliable and trustworthy binary options broker.

A range of account options with attractive bonuses

There are three basic account options for those deciding to trade binary options with OptionTrade. Aside from this there is also a live demo account and live real account. So let’s look at the basic account options, each of which offers a Cash Match OptionTrade bonus of up to 100% of the initial deposit. There are, however, certain trading requirements that have to be reached before the bonus can be traded with or withdrawn.

  • Standard account – All it takes is a minimum deposit of $200 and a trader is entitled to 1 x $25 risk-free trade as well as a Cash Match OptionTrade bonus. Payout is up to 83%, and there is an 80+ asset index. With an introduction to the OptionTrade Academy, level 1 webinars and personalised training there is a lot to offer new traders.
  • Premium account – The minimum deposit for a Premium account is $1,000. Plus there is 1 x $50 risk-free trade, and of course the Cash Match OptionTrade bonus. The asset index is 120+, and payout is up to 85%. Binary options trading is turned up a notch to level 2, and there are free video tutorials and basic training at the OptionTrade Academy.
  • VIP account – A minimum deposit of $5,000 is required to get a VIP account with an estimated payout of up to 88%, 180+ asset index, 1 x $100 risk-free trade, and advanced training at the OptionTrade Academy. For webinars this account moves up to level 3, and there is unlimited personalised training.

No need for a download with the OptionTrade trading platform

A vital part of trading is the type of platform offered by a particular broker, and OptionTrade makes use of a state-of-the-art trading platform powered by HotForex. Because this particular platform is already well established, traders can enjoy one of the most sophisticated trading experiences currently available in the industry. Aside from the normal features of “Rollover”, “Double Up”, and “Sell Option”, a history graph is incorporated to allow analysis of asset movements. The most standout feature, however, is the “myOptionTrade” client area, which is an account management solution that gives traders complete control over their trading operations – all with one single log-in.

OptionTrade binary options broker offers 200 financial assets across 20 markets.

With OptionTrade there is a vast array of assets available allowing traders to diversify their investments. After all it always pays to have more than one basket to keep your eggs in. As well as currencies, there are commodities, indices, stocks, and pairs, featuring some of the most well-known names in the world today. For example there is Amazon, Barclays, Blackberry, Dell, Facebook, Disney, Linkedin, Telefonica, Tesco, and Total.

Customer support and services available 24/5

OptionTrade provides a number of different ways for clients to get in touch, but lines of communication are only available 5 days out of 7. The quickest way to receive an answer to any questions or to resolve any problems is via the live chat option on the website, but there is also an international phone number, fax, email, and Skype option as well. It is also possible to request a call back via a simple-to-complete contact form.

We’ve already mentioned the OptionTrade Academy, which offers a wealth of educational resources including video tutorials, in-depth courses and strategies, and a comprehensive FAQs section. And let’s not forget to mention the binary ebook that we found to be a pretty good read.

OptionTrade supports a number of payment methods including wire transfer, credit cards, Skrill, Neteller, UnionPay and Fastpay, and the minimum amounts are really quite reasonable. Providing the withdrawal amounts are within minimum levels there are no fees, unless it is via wire transfer.

All in all, we were pretty impressed with everything OptionTrade has to offer; and we were provided with complete peace of mind with regard to safety and security, as this binary options brokers takes licensing and regulation issues very seriously.

OptionTrade Review

Trading Platform OptionTrade

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

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OT Trader comes with a string of notable features such as the history graph, a function that lets users assess an asset’s most recent movement. Standing out though is the “myOptionTrade” client area. This tool gives traders total control over all trading operations using just one login.

OptionTrade offers multilingual support 24/5. You can learn about binary options in the Education Center on the broker’s website and practice with a demo Account. OptionTrade offers free video tutorials and video on demand for Premium and VIP clients.

Traders can make use of fast, secure, and convenient payment methods. There are no commissions and fees, and the withdrawal process is fast and easy without limitation. You can fund your account in USD, EUR, and GBP.

  • 24/5 expert customer support
  • Advanced OT Trader platform
  • Demo account
  • High bonuses
  • Large range of assets
  • myOptionTrade account management system
  • No limits for withdrawals
  • Regulated by CySEC
  • Educational section seems basic
  • Asset prices are not displayed on the Splash page like most other binary brokers’ websites

Platform type: OT Trader

Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish

OS Compatibility: Mac OS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information OptionTrade

Located in: Cyprus

Website: https://www.optiontrade.com/

Founded in: 2000

Accepts US Clients: No

Phone number: +357-24-020054

Email: [email protected]

Account Options OptionTrade

Commission:

Minimum Deposit: $200

Payouts Percentage: 88%

Deposit Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller

Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller

Payout Ratios: Payout ratios offered by OptionTrade are available for up to 88%.

Available Assets OptionTrade

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic

Customer Service Hours: OptionTrade provides 24-hour customer support.

Place Trades Over the Phone?: No

OptionTrade Trade types

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs

OptionTrade Trade accounts

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • P ayout up to 83%
  • Free demo account
  • 80+ assets
  • Convenient account funding options
  • Quick and easy withdrawals
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login
  • 24/5 multilingual support
  • Mobile trading
  • Client protection insurance
  • Real-time statistical reports
  • Binary options educational resources

Premium Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%
  • Free demo account
  • 120+ assets
  • Convenient account funding options
  • Quick and easy withdrawals
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login
  • 24/5 multilingual support
  • Mobile trading
  • Client protection insurance
  • Real-time statistical reports
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%
  • Free demo account
  • 180+ assets
  • Convenient account funding options
  • Quick and easy withdrawals
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • M ultiple accounts, one login
  • 24/5 multilingual support
  • Mobile trading
  • Client protection insurance
  • Real-time statistical reports
  • Binary options educational resources

OptionTrade Position In Our Categories

Position of OptionTrade in our main categories:

OptionTrade is one of the top 10 Binary Options Brokers products

If you are considering OptionTrade it might also be beneficial to investigate other subcategories of Binary Options Brokers gathered in our database of B2B software reviews.

It is important to realize that virtually no service in the Binary Options Brokers category will be a perfect solution that can match all the goals of all investors. It may be a good idea to read a few OptionTrade reviews first as certain solutions may actually dominate just in a specific geography or situation or be prepared with a really specific customer in mind. Others may function with an idea of being easy and intuitive and therefore lack complicated functionalities welcomed by more experienced users. There are also services that support a broad group of customers and provide a rich feature base, but that in most cases comes at a higher price of such a service. Ensure you’re aware of your needs so that you get a service that has all the features you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionTrade reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionTrade. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

OptionTrade

OptionTrade are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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OptionTrade Archive Review

A binary options trading platform brand of HF Markets (Europe) Ltd, OptionTrade was set up in 2020 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

BRITISH AMERICAN T

JP MORGAN CHASE

LAS VEGAS SANDS

Wynn Resorts

AUD/CAD

USD/ZAR

ASX

DOLLAR INDEX FUTURE

HANG SANG FUTURE.

VIX FUTURE

APPLE VS AMAZON

APPLE VS GOOGLE

BNP VS BARCLAYS

CITIGROUP VS AIG

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

Minimum Trade Rating – 9

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
Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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