Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Regulators | CySEC, MiFID |
Year Established | 2007 |
Execution Type(s) | Binary Options |
Minimum Deposit | $200 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
OptionsClick, founded in 2010 and located in Limassol, Cyprus, is a trading name of Lead Capital Markets Ltd, an investment company licensed and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) and is also registered with all other European authorities, including MIFID, for the purpose of providing its investment services within the EU. The site is available in English, French, German, Italian, Arabic and Russian.
OptionsClick has won many awards over the years including Gold Seal’s Best Trading Platform 2015 and World Champion’s #1 Binary Options Platform.
Accounts
OptionsClick is the most flexible binary options trading platform on the market. In order to accommodate the many different types of online traders with varying investment habits, the broker creates custom programs with benefits that allow traders to take advantage of their individual strengths and financial interests. Rather than the standard accounts offered by most other binary options brokers, OptionClick builds a program based on a trader’s future volume, trade amounts, trade habits and other personal features.
The website currently provides two examples of these customized accounts--a Gold VIP Trader account and a Custom Platinum VIP Trader account.
The minimum deposit for most trades is $200 and the minimum trade amount is $10. There is a maximum daily deposit of $10,000 and the maximum investment is $1000.
When doing this OptionsClick review I was pleased to see that a demo account is offered and is a prominently displayed option appearing on each page below the ‘quick sign-up’ tab.
An interesting feature worth noting is that OptionsClick offers a return on losses (what they call “insurance coverage”) for Gold and VIP members who are also eligible to increase their dividend payouts on specific trades, a feature we did not see on any other binary options platforms.
There are additional benefits offered to VIP account holders, including returns on losses, rewards of additional profits and increased payout percentages for specific trades.
Features
The asset index at OptionsClick is unique in that it lists each asset, such as indices or commodities, as well as additional information about the asset such as its trading symbol, data provider, trading hours and a description of the asset. I haven’t seen this offered at any other broker.
Education
OptionsClick has a very strong binary options education center. At their Trading Academy, traders can view, in a choice of languages, a wide selection of video lessons on the basics of binary trading, market analysis, fundamental and technical analysis as well as lessons on psychology of trading and advanced trading strategies. To help traders along, they can test their skills at the end of each course and monitor their results.
Education Center
The economic calendar at OptionsClick is a cutting edge tool that keeps traders informed of the most updated financial information in order to assist them in optimizing their trading strategies and decisions. The calendar displays the following data for each event: past, present performance, and future forecasts.
The OptionsClick glossary is relatively short but the information provided is comprehensive and the listing covers the major financial terms and topics.
Another resource offered by OptionsClick through the Trading Academy is the Expiry Calculation tool for Binary Options Trading which lists the expiry level formula for the different asset categories using the ask price, bid price, last price and the last quoted index price which is the last price for an index prior to expiry, as quoted by Data Provider.
There is also an ebook on binary options markets that can be read online or on a trader’s mobile app or by scanning the QR code of the mobile education center.
A daily market review is available for all registered traders and this can be accessed on the landing page of the site. In addition, the attached drop down box allows traders to view recently posted market reviews.
Deposits/Withdrawals
OptionsClick currently accepts payments from a variety of credit cards as well as electronic wire transfers. Requests for withdrawals are processed by OptionsClick and sent to the original source of funds.
Bonuses/Promotions
When doing this OptionsClick review, there was one special bonus being offered. With the ‘Bring-a-Friend’ promotion, any account holder whose friend opens an account and deposits at least $200, receives a cash bonus of $50 and going up to $500 for a $5,000 or more deposit.
At the same time, the referred friend who deposited $200 also receives a $50 cash bonus. For higher amounts of deposit, there are greater cash bonuses in addition to membership in the Gold or Platinum VIP accounts.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/5 |
Website Languages |       |
Customer support at OptionsClick can be accessed via phone, live chat or email support. Telephones connect to the OptionsClick offices in the UK, France and Italy. Support is available in English, French, Russian, Italian, German and Arabic.
Traders who want to contact OptionsClick can do so by phone by simply clicking on the “Call Me” icon on the trading platform. Alternatively, they can call or fax OptionsClick at the numbers provided on the contact page.
Conclusion
OptionsClick offers traders ease of use and friendly service. There are a number of diverse trading features which help attract traders. The trading platform is very advanced, the customer service is leading edge and the weekend options lets trader trade the leading options outside regular trading hours. I would have liked to see a more detailed description of their platform as well as some nice promotions that would help them attract new clients. The asset list is plentiful and opening an account takes only minutes.
Features
The most interesting feature at OptionsClick is the ability for traders to customize and design their own trading program. I have not come across this ability with any other binary options broker and it is truly unique. This flexibility allows traders to take advantage of their individual strengths and financial interests and design a program that is based on their distinct personality where they can predict their future trade amounts and trade volume based on their needs and abilities.
Platforms
The OptionsClick platform is a proprietary one. It is similar to many other binary option platforms and uses an interface that shows precisely how much payout a trader can receive if the investment expires in the money based on how much he/ she plans to invest.
OptionsClick Trading Platform
The platform offers three types of short-term options for traders: high/low, one touch and range.
High/Low trading is the most popular type of trading, and it dependent on the final market price of an option at the time the bid expires. With high/low trading, the bidder must choose whether the price of an asset will be higher or lower at bidding expiry than the original purchase price. If a trader called high and the value of the trade is higher at bid expiry than at purchase, the trader will profit. If a trader called low and the value of a bid is higher at bid expiry, the trader will not profit.
One Touch trading is based on whether or not an assets value reaches a boundary line or target price at bid expiry. A trader will profit if they selected touch and the asset touches the target price by the end of the trading time. If a trader selected no touch, they will only profit if the asset does not touch the target price for the entire duration of the bid.
Range (or Boundary) bidding is based on whether the value of an asset at bid expiry will be inside or outside of a certain price range. A trader will profit if inside was selected and the value of an asset was within the selected range upon bid expiry. A trader will not profit from a bid if they bid outside and the assets value bid expiry was inside the range or boundary.
Trading Platform
Automated Trading | |
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Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
