CTOption Review

Details

Broker

CTOption

Website URL

http://www.ctoption.com

Headquarters

London, UK.

Support Types

Email, Telephone, Live Chat

Languages

English , Arabic , Spanish , German

Trading Platform

Panda Trading System Platform

Minimum 1st Deposit

$250

Minimum Account Size

$250

Minimum Trade Amount

$5

Bonus

20% On First Deposit

Free Demo Account

 YES

Regulated

 NO

Regulation

 NO

Deposit Methods

Credit/Debit Cards, Skrill Moneybooker, Wire Transfer, CashU, GiroPay, Neosurf, Sofort, WebMoney, Yandex

Trading Methods

Classic Binary Options, Single Touch, Hyper Options, Range Options

Number of Assets

62

Option Types

Currency , Commodities , Indices , Stock

US Traders Allowed

 YES

Mobile Trading

 YES

Tablet Trading

 YES

Overall Score

98/100

Owned by Paddington Global, CTOption is a binary options broker that is located at 145-157 St John Street, London, EC1V 4PW, United Kingdom. They are one of the few binary brokers around that have decided to operate from UK as opposed to the Republic of Cyprus like what most binary and forex brokers are doing today. This is not the only thing which they are going against the trend with. The platform which CTOption is using is delightfully unique as it is based on the MetaTrader 4 platform used in the forex trading industry.

Target Market & Customer Support

CTOption’s goal is to provide its target market with a user friendly and technically advanced trading platform to trade with within a secured and trustworthy environment. This objective helps to account for the reason why they have chosen to base their operations in London, financial center of Europe, rather than some obscure country in the Caribbean. Since Europe is their main market, it is not surprising to find that their website support various other languages such as Spanish, German and Arabic.

As for customer support, the availability of the service is on a 24 hours a day a 6 days a week basis. Contact with the customer service representatives can be done through either email, live chat or the telephone.

Trading Platform & Features

As mentioned earlier, CTOption’s trading platform is very different from what we normally find. Instead of relying on platform providers such as SpotOption or Tradalogic, they have chosen to work with Panda Trading System Ltd instead. Although relatively unknown within the binary trading circle, Panda Trading System Ltd is quite well known among the online forex trading industry for providing quality customized trading solutions. Hence, it comes as no surprise that CTOption own binary platform is based on the MetaTrader 4 platform.

One of the most unique things about CTOption’s trading platform is the fact that it supports automated trading based on live trading signals. Currently in the binary trading industry, there are less than a handful of binary options brokers which are able to support automated trading.

Markets Coverage

As for the extent f market coverage which CTOption currently have, they have managed to cover more than 60 underlying assets across 4 asset classes, forex, commodities, equities and indices. traders have the opportunity to trade in these asset classes with various types of trading contracts such as:

  • Classic High/Low Options
  • Hyper Options
  • Range Options
  • Single Touch Options

Trading Accounts (Benefits, Funding Options)

With regards to the trading accounts which CTOption are offering to their clients, they can be one of 3 types:

  • Mini Account (Minimum Deposit of $250)
  • Standard Account (Minimum Deposit of $500)
  • Executive Account (Minimum Deposit $10,000+)

Islamic trading accounts are also available for Muslim clients who want to trade based on Shariah principles.

Payouts & Bonuses

The payout ratios at CTOption start from 70% and goes up to 90%. For unsuccessful trades, a rebate of 5% is available. Depending on the type of trading account, traders at CTOption can expect a minimum of 20% in welcoming bonus. However, the best part of CTOption is not their payout ratios or bonuses but rather the withdrawal. They are the only binary broker in the industry that has promised a withdrawal time of 24 hours. This is unheard of in the binary trading industry. Nevertheless, this is a good point about CTOption as there is no point trading if you have difficulties withdrawing your profits.