Optiontrade
Optiontrade
- Broker doesn’t exist anymore
Optiontrade joined the market in 2020 and is therefore one of the recent brokers. However, even after such a short time, it managed to top many more established brokers. Among the main advantages of this broker are regulations by most important commissions such as CySEC and multilanguage support. Optiontrade is currently translated in 14 languages and counting. More and more novice traders are interested in this broker thanks to $200 minimum deposit and a free demo account which Optiontrade provides.
Optiontrade Awards
Optiontrade has been awarded for their exceptional services multiple times. They have been awarded the Business Excellence 2020 award, but also hold the title of Best New Binary Options Broker in Europe 2020.
This broker was founded by the owners of HotForex group, which is a forex broker, that’s been in this business since 2020. This might be the reason of their success. They just know what they are doing. Optiontrade themselves say, that their success is caused by their will to keep their customers happy and satisfied with everything they do.
Optiontrade platform
Overview of Optiontrade broker trade platform
Optiontrade offers a wide range of binary options such as one touch options and ladder options.
- One touch options
- By trading one touch options, trader speculates whether the price attacks a certain position. If it does, the profit is high (up to 300%).
- An example: Price will reach $120 in under 72 hours. If so, the trader gains $300. If not, trader loses $100.
- Ladder options
Trading ladder options
This type of binary options is similar to spread options offered by HighLow. They are classic options with slightly adjusted ITM line. If the line moves against our trade, we have a higher chance of greater profit. If ITM line moves so that strike price is more profitable for us then 95% profit can move for example to 24%, but this also moves yields higher probability of profit.
- With ladder options, trader can use advanced hedging techniques to make sure that he stays in profit regardless of the price movements. More on that here: Binary option strategy hedging.
Classic high-low options
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Optiontrade demo account
Optiontrade offers free demo account with no need to deposit (as opposed to other brokers). Just open your account, go through the usual verification process and press open demo account in “My account” section after logging in.
The demo will be active in a few minutes. Open demo account with OptionTrade
Optiontrade bonus
Optiontrade offers the possibility of getting a 100% bonus from $100 up to $500. If you are a novice trader you should read this article: Pros and cons of bonuses before getting one – it can help you save your hard-earned money.
Our Optiontrade experience
Our experiences are generally positive. Starting with customer support through trading and swift trading platform to fast withdrawals there is nothing to complain. Will optiontrade defeat stockpair to be the best broker of 2020?
Optiontrade Pros
- Great and swift platform
- Free demo account
Optiontrade Cons
- Broker doesn’t exist anymore
Optiontrade – Review author
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
OptionTrade
OptionTrade are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.
Alternatively, these are our Top 3 brokers based on Ratings:
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:
Pros
Cons
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
Asset Choice Rating – 10
Deposit Method Rating – 9
Minimum Deposit Rating – 9 Minimum Trade Rating – 9 Trading Features Rating – 10
Payout% Rating – 9
Bonus Offers Ratings – 8
Site Intangibles Rating – 10
OptionTrade — Forex Broker Rating and Review 2020
OptionTrade is a dynamic, EU regulated Binary Options broker. Powered by HotForex, an award-winning FX broker, OptionTrade is fully licensed by the Cyprus Securities and Exchange Commission (CySEC), complies with MiFID (Markets in Financial Instruments Directive) regulations and is also a member of the Investors Compensation Fund (ICF). OptionTrade trading information
OptionTrade — Latest Reviews and Comments 2020I’d like to share with you this particular encounter that I had a couple of months ago. I have been trading for a couple of years now and I understand not all platforms are perfect. Even the big players have malfunctioning sites too. Which brings me to OptionBit. I first encountered OptionBit through my trader friends who have been with them for months, after a checking their platform, offers and talking to some users, I immediately joined the band wagon. I like how their platform works. It’s simple but all the things that you need to see is there which make it comprehensive yet concise. The platform also is easy to navigate which I like, it’s very convenient to use and to trade. What I also like in the platform is the agents here. I have talked to a lot of people in this industry, but nobody matches the collaborative and professional nature of OptionBit agents. One of my agents here whom I grew close with is Patrick. Patrick is my go to guy whenever something’s up. I remember my first time as a member here, he really took time in explaining to me all. I may not a beginner but I have a lot things on my mind that needs to be addressed. We took each of my questions like a grain of salt, each was answered and addressed well. Patrick is also informative and honest to talk to. Regularly I get updates and info which are necessary for me in my trades. I don’t mind getting info and updates for him because I see results anyway not only that, He also informs me the risk each transactions can go to. I have nothing but full appreciation on his honesty which I find some Brokers here in this industry lacks. He’s been very reliable partner for me even though I tend to do things on my own and can be a pain sometimes. guest 23 October, 2020 Reply Hey! I thought i’m the only Optionbit trader here! withdrawal here are so much better! hey why don’t you contact me, would like to know how you trade. google 23 October, 2020 Not good for options trading. I actually lost $200 on trading options here. Each broker offers different types of contracts on binary options. There is a difference on the same contracts and factors that impact performance. What’s more important is that OptionTrade can manipulate these factors whether you have right or wrong forecast. No mater if you buy call or put option. Valenty 18 June, 2020 Reply Without any doubt, OptionTrade is the most attractive brokerage firm in binary options industry. It has more than enough assets for trading. I think there are more than 200 assets. No reason to compare to other brokers because six different types of options allow using whatever strategy you want. I really like risk free trades and bonuses program. In this case the more profit I get, the more I ready to deposit. This kind of approach gives me bonuses on each new deposit I make. Finally, I want to make required trading volume to withdraw all bonuses from account. Only one thing, you need to trade profitably or you will lose all money. Don’t be stupid if you think you know everything. I took all courses in options academy before made real money deposit. So it’s very useful service where I got all of my theoretical experience. And little bit more. Matthew 18 August, 2020 Reply Trading precious metals is one of the most popular ways of diversifying your portfolio. Trade spot gold and spot silver prices against the US Dollar and other major currencies with a global broker today, and reap the potential benefits. I am a day trader usually trade forex however on my friend’s recommendation, i also started trading binary options with them three months ago. Since then i had easily made some good returns on my investment. They have supportive team and great services. I think they really worth appreciation, highly recommended safe broker! I have traded with some other brokers as well however that was a terrible experience waiting for the withdrawals for many days and then loosing hopes of getting being paid for my own profit payments. I don’t like to discuss others but the least i can say about this broker is that they are really worth giving a try. My withdrawals are always processed on time and i get them on the same business day. It’s highly recommended broker. |
