CTOption, founded in 2006, is a leading binary options trading platform and investment brokerage firm, operating in over 90 countries around the world. It is domiciled in Saint Vincent and the Grenadines.
There are three trading accounts to choose from at CTOption. With a minimum deposit of $250, a Mini account can be opened. It comes with a welcome bonus, 24/7 customer support and a trial account for the CTOption Replicator Pro social trading service. The Minimum position for a trade is $5.
CTOption Account Types
The Standard account requires a minimum deposit of $1500 and anyone opening this account receives an attractive bonus, a personal account manager, access to the live trading room twice a week for free signals and a life time practice demo account.
The Executive account requires a deposit of $5000 and in addition to all the above, traders with this account receive a cashback of 20% and trading signals 24/6.
Trading options include High/Low, Touch, Range and a selection of short term options including 30, 60 second, 2, 5 and 10 minute.
A practice demo account allows traders to try different trading ideas and methods for an unlimited amount of time. This is almost unheard of in the binary option industry.
CTOption also provides Islamic Binary Options trading accounts that are consistent with the Sharia law. Traders choosing to use an Islamic Account can trade without interest charges or fees occurring. There is no additional charge to open, no hidden fees, no charges or interest fees.
Long term trading at CTOption is simple. Members who decide join the Elite Trading Group at CTOption receive insurance for their first long term trade. On a weekly basis, members will also obtain two long term signals based on analyses done by three top research firms within the industry. Every signal provides information regarding the real time market price and additional predictions for the next three months.
Binary Bug is the broker’s Automatic Binary Trading and Signals program. Binary Bug specializes in the development of trading algorithms and trade execution technology. Set of analytical tools, statistical models and complex algorithms has made BB a world leader in the automated trading sector.
Binary Bug offers traders over 30 months of live trading experience, use of an intuitive, user friendly interface and an time saving automated solution supported by a real life experts team. It is a web based application which is available anywhere, including mobile devices and no trading experience is required.
An accompanying video explains the Binary Bug process in detail.
The Replicator is the broker’s social trading program and it includes a list of traders their win rates. To see the list of followers, one must be a logged-in account holder.
The Replicator Pro is for advanced traders and includes their names, the number of followers, volume traded and more. The list of top traders is updated online every 30 min.
A major feature at CTOption is their ability to trade around the clock with OTC options which gives traders 40% more time to trade, including trading over the weekend.
A series of interesting lectures on a variety of topics is available online and many are accompanied by videos and graphs. Additional videos are offered for both beginners and advanced traders.
Traders can view a long list of tradable assets and an economic calendar provides an updated listing of events and happenings taking place throughout the world. On the landing page, market updates scroll continuously.
There is also a full financial glossary.
Through the VIP training program CTOptions offers two types of packages—the Standard and the Executive. Each one comes with professional coaches and a host of different benefits.
Anyone opening a trading account and funding it is entitled to a welcome bonus. There is no mention of how much this bonus is.
The Refer-a-Friend promotion, which was the only additional promo being offered at the time of this review, offers traders generous bonuses of $750 and more for bringing in new traders who open accounts and deposit funds. Most other brokers offer bonuses of $5 or $10 for each new client so this is indeed an exceptional promotion.
Clients may make deposits using all major credit cards accepted worldwide, by wire transfers, and using a variety of alternative payment methods, such as WebMoney, GiroPay, CashU, Neosurf, Sofort, MoneyBookers, Yandex and many more. The minimum seed capital for making investments is 250 currency units (USD, EUR and GBP).
To make a withdrawal, traders must submit a funds withdrawal request. Their first withdrawal requires a compliance documentation. The minimum withdrawal amount is equivalent to 100 USD.
Traders can contact CTOption representatives through email, telephone and live Chat.
The Website is available in English, Italian, German, French, Chinese, Spanish, Arabic and Turkish.
We were very impressed with the integrity of this broker and despite not being under any regulatory authority, we seem to be making a serious effort to provide a secure and transparent trading environment for their customers. They have good support services and provide many tools to help the binary option customer.
- Demo and Islamic Account
- Choice of Trading Accounts
- Scant Description of Platforms
- Limited Bonuses or Promotions
Review info: CTOption
Review Date: 2016-05-02
Rating : 2.5
Reviewed By : Sara Patterson