Optionova Binary Options Broker
Today Optionova Brokerage Company positions itself as a broker with innovative technology, providing convenient trading platform as well as a wide range of financial assets and options for the most comfortable and profitable trading. A bit childish style of brokerage company website as well as high-sounding phrases in self-promotion as appears do not mean anything in reality. We will try to go deep and try to experience the whole range of trading conditions and related services, which in reality can this provider of financial services offer.
Terms of trading
- Profitability – äî 85%
- Loss recovery – 0%
- Minimal deposit – 250$ or 200ˆ
- Minimal stake - 25$
- Demo account – Yes
- Mobile version – Yes
- Education – Yes
Registration is not complicated. In this case it takes two steps instead of one as at most other brokers. At first a registration form has to be completed,
then the registration is approved via e-mail and the personal data form is filled in.
However, there is no inconvenience. Moreover, the data is in any case necessary. You should also verify your account by sending a color scanned-copy of your own passport otherwise withdrawing funds from your account will not be possible.
After a quick fill-in of two electronic tables you will be redirected to the deposit page, where you will find a list of ways including bank cards, electronic payment systems as well as bank transfer and postal transfer. That is sufficient for transferring funds to your deposit.
The company also offers customers the ability to open 4 types of trading accounts, depending on the amount of funds deposited. Complimentary bonus and subsequent replenishments bonuses will also depend on it.
According to the Optionova company, they provide innovative binary options trading software. When we enter the page with the terminal we see a platform from SpotOption developer. We cannot say it is a bad trading option, but there is still nothing new to be expected from this platform. Everything is simple and modest which is the way the binary options brokers are trying to attract traders by making it look like a game. However, the program is fast, clear and stylish.
In addition, the terminal supports multi-window mode which contributes to a better and faster overview of the asset markets changes.
At the same time, you will not find anything to do with technical analysis, indicators and the ability to perform graphical analysis of quotations in the platform. However, the company provides its customers with a demo platform on which trader can master his skills and test new trading system.
Considering the above mentioned:
The main advantages of the platform:
- simple and intuitive interface;
- fast trading orders execution;
- sufficient selection of options;
- good selection of assets;
- SSL security protocol (SecureSocketLayer);
- demo trading availability.
- no technical analysis tools available;
- only linear charts;
Financial assets selection
There are only 47 traded assets at Optionova. Included are: 17 stocks, 9 currency pairs, 6 commodities and 15 indices. Good selection of assets adds up to its low number as excluded are the assets nobody ever trades. With that in mind, there are only most well-known and volatile left.
The company offers 10% to 25% bonuses for the first deposit depending on the amount transferred and a bonus of 10% to 15% depending on the type of the account for each subsequent replenishment.
Types of options
The List of options provided by Optionova Company is top-notch as it includes almost all kinds of option trading, they are listed below:
- “Hi-Low” - the most popular type of binary options, the condition of making a profit on which is the correct prediction of future price movements of the asset over the life of the transaction. Expiration period of this option ranges from 15 minutes to 7 hours.
- “60 seconds” - a high-frequency type of binary options, the trading procedure for which is similar to “Hi-Low” options trading, but the terms of options expiration in the terminal are 30 seconds, 60 seconds, 2 minutes and 5 minutes.
- “StrategiX” - a peculiar set of options, which includes:
Above / Below - the type of options for covering strike-levels specified in the conditions of the contract. Making a profit on this option is possible if the price of the asset covers indicated price targets.
Range – the type of option for channel trading. Thus, a profit on this option type depends on whether the asset price will break through the above and below set price levels or not.
Touch - the option to touch the defined strike level while the trader has to bet that the price of an asset will touch the specified strike-level in order to profit.
No-Touch - the option to touch the strike level. However, unlike in the previous type of option, trader should make a bet that the price will not touch the strike level specified in the option terms.
Education at Optionova Company
The education at Optionova Brokerage Company is arranged in a form of webinars only, which are held by company’s specialist once a week. One cannot call it an effective method of enhancing clients’ professional level.
Support at the company is provided in the 24/5 format. Customers are served in 11 languages, which include English and other popular in Asia, Europe and East languages. However, the only available forms are the call back order and e-mail. Interactive chat is not presented on the website.
Deposit and withdrawal of funds
Deposit is supposed to be made by MasterCard, VISA cards, WebMoney and Moneybookers payment systems, as well as by SWIFT bank transfer. That is more than enough for depositing currency funds to the opened account.
Currency depositing via these services is performed immediately (except for bank transfer, since it takes about 3 days). Thus, withdrawal of currency from the deposit will take 3 days at least. Transfer will take about 5 days.
Optionova pros and cons
Optionova is a Brokerage Company with a classic selection of provided services. However, the broker has a number of shortcomings that reduce its rating.
Let us note the main broker advantages:
- minimal deposit - 250USD;
- minimal stake – 25USD;
- time tested platform;
- good selection of options types;
- a sufficient number of trading instruments;
- secure trading through the SSL protocol;
- intuitive trading;
- a good selection of funds transferring methods.
The following drawbacks should be noted:
- no technical analysis tools available;
- bad quality of education.
- a lack of interactive client support chat;
- a lack of news service of any kind at the website.
Optionova Company is a broker who has been operating since 2010. During its existence, the company established a good level of trading terms for binary options trading. At the same time, the associated service from a broker is low quality. There is the lack of professional training, customer support is carried out in a shortened version and the website news section and providing traders with the fundamental data by the broker are absent, which suggests that after all the company cannot reach the above the average level.