OptionTime Broker Review
|Support Types||Email, Telephone, Live Chat|
|Languages||English, French, German, Italian, Spanish|
|Trading Platform||Keystone Trading Technologies Platform|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Minimum Trade Amount||$10|
|Bonus||Up to $2500 on First Deposit|
|Free Demo Account|
|Deposit Methods||Credit Card, Fast Bank Transfer, Webmoney, Skrill MoneyBookers, Neteller|
|Trading Methods||Classic Binary Options, One Touch, 60 Second Options, Long Term Options, Pairs Options|
|Number of Assets||52|
|Option Types||Currency , Commodities , Indices , Stock|
|US Traders Allowed|
One of the numerous brands owned and operated by the investment company SafeCap Investment Ltd, OptionTime is a fully regulated binary options trading platform that is based in Cyprus. Being a fully licensed and regulated broker by CYSEC had helped to fuel the growth of this relatively new broker significantly. This is largely due to the fact that OptionTime is able to offer its traders the peace of mind in term of security and a high degree of professionalism. Furthermore, being owned by a well established investment company like SafeCap Investment Ltd have also helped to show traders that this broker is here to stay for the long term.
Target Market & Customer Support
Since Western Europe is the main market which OptionTime is catering to, it makes perfect sense for the broker to provide support in English, French, German, Italian and Spanish. Multi-lingual support staffs are always available on hand 24/7 to assist traders in every aspects of the trading process should they ever need help. for the benefit of traders, localized or toll numbers are provided for the following countries:
- South Africa
One of main attractions about OptionTime is the platform that it uses. Based on the Meta Trader 4 (MT4) platform, OptionTime’s platform is supplied by Keystone Trading Technologies and is packed with features which you normally find on spot forex trading platforms. For example, there are sophisticated technical indicators such as Fibonacci, Bollinger Bands and MACD indicators which experienced traders can apply to their trading strategies. This certainly helps to push the relevance of technical analysis in binary trading another notch up. For traders who wish to trade using their mobile devices, OptionTime have also made available a mobile version of the trading platform which is optimized for mobile devices such as IPads or IPhones.
In terms of market coverage, all the four main asset classes such as commodities, forex, indices and stocks are covered by OptionTime. However, the extent of coverage currently is rather limited with roughly 52 underlying assets under their wing. Nevertheless, with the different types of trading contracts like Classic Time, Pro Master, Speed Trading, One Touch and One Touch in Time that are available at OptionTime, traders will have their hands full trying to trade everything that is listed on the asset list.
Trading accounts at OptionTime come in three flavours:
- Premium Trading Account (Minimum Deposit of $100)
- Royal Trading Account (Minimum Deposit of $1000)
- Exclusive Trading Account (Minimum Deposit of $5000)
Apart from the differences in welcome bonuses, these trading accounts vary in terms of the amount of training that the account holder will receive from OptionTime. Another difference is the off hours assistance which exclusive trading account holders will get from customer support.
Payouts & Bonuses
With normal trading, traders can expect an average of 80% return ratio with their investments. However, if they are hoping for higher returns, they can try their skills with one touch options which can provide returns of as high as 500%. Although a relatively new broker on the binary trading scene, OptionTime has proven itself to be reliable and dependable. To help new traders to get started, they have even provided welcome bonuses as high as $2500!