OptionSmarter Binary Options Broker
The official website of the company, by which the latter entered the market of financial services trade of binary options, is rather progressive in filling and functions. The same impression is created by the service and conditions of trade.
- Profit - from 70% to 100%
- Reimbursement - up to 15%
- Minimum deposit - $ 200
- Minimum Bid - $ 10
- Demo - account - No
- Mobile version - No
- Education - No
The registration process
Registering with OptionSmarter is quick, intuitive and, in general, does not burden the user.
Immediately after confirming the entered when registering e-mail addresses, the client is redirected to the page of supplement registration data - address and zip code, and the client finally appears on the page of account funding, which have a choice of currency among: USD, AUD, EUR, GBP.
However, to make a deposit only a few options of payment systems are provided: card - Visa and MasterCard, as well as e - Neteller.
The trading terminal of OptionSmarter is leased software from a Cyprus company SpotOption, a program that is used by about 70% of brokerage firms in the world of binary options. The first thing that catches the eye is the "multiple windows", namely 4 trading window on the same page. By the way, such location and number of windows are very popular with traders from Western Europe and the United States. Given the fact that the company is primarily focused on "Western markets", hence it follows the appearance of the shopping area of the site. However, we should note that the trader cannot change various financial assets in the mode of one window. That is, on the page of the shopping area there are charts of assets, all those that are offered for trade, namely, more than 100 online shopping windows next to each other on the site. It is pretty inconvenient. Although a trader can create his own page "Favorites" and save here all the graphics, which he is going to trade.
We’ve distinguished the main poles:
- A popular, time-tested trading program;
- All functions are intuitively understandable;
- The presence of 4 windows for trading;
- Great selection of assets to trade;
- The security SSL protocol;
- Availability of options for trading on weekends;
- Quick response to trading orders of the trader.
The main disadvantages of the platform:
- The disposal of inconvenient windows of financial assets;
- A small selection of options (only 2 types);
Set of financial assets
In the choice of assets for trading the company OptionSmarter is at a height. They have 102 items. Thus, each trader will be able to make his own section of "favorites", which the company proposes to establish to put your favorite financial assets from the selected stocks, currency pairs, indices and commodities that OptionSmarter generously placed in its own trading platform.
Types of options
OptionSmarter company provides its clients with only two types of options (ways of trading) financial assets. Currently, the company's strategy is based on more classical kinds of trade. However, it significantly "cuts" the traders opportunities. So, the company provides for trade such options as:
- Option UP / DOWN - the most popular in the world the classic look of the option. The profit here is based on only one condition. For example, a trader needs to identify correctly the direction of the price movement after the deal was made. At the same time, to make a profit you need to predict at least 1 point of this movement. The main thing is that during the expiry of the contract the price is higher (for option UP) or lower (for option DOWN) than the price at which the transaction was concluded.
- 60 seconds option - an option for high-speed trading which involves the lifetime of the transaction - a total of 60 seconds. On the technology conditions of the transaction it is identical to the option UP / DOWN. The only difference is the difference in the timing of expiration.
Education in the company
Unfortunately, the training in the company, as such, is non-existent. There is a blog in which traders can share their own skills and strategies, but the company has completely missed the issue of vocational training of their own traders. Thus, this is one significant disadvantage, since in the binary options market in Europe and America it is not accepted. At the same time, it seems that these approaches are not particularly welcome by the consumers from other regions.
Customer Support 24/7
Customer support is carried out on the company's website exclusively in 2 languages (English included). However, it is conducted around the clock. However, such a service cannot be called a professional, as a brokerage company that distributes its own services in the financial market of such a vast financial space, the European Union and the United States, is simply obliged to establish a multilingual service on its website. To communicate with the managers of the company you can via on-line chat, through a phone call or e-mails addressed to the contact center.
Deposits and withdrawals for trade
These methods are only three, namely: Visa and MasterCard, and, focused on European consumers, Neteller. Transferring of funds is immediate. It is necessary to wait for the withdrawal of the funds for about 3-5 days. According to the standards of financial control for the transaction, you need to identify your own account. These are the current requirements in the fight against the financial terrorism and to prevent laundering of criminal assets.
Pros and cons of OptionSmarter
OptionSmarter is a company primarily focused on the financial markets of Western Europe, the USA and that's it. Quality of services, customer safety, service levels are up to par. At the same time, this does not mean that the list of services will satisfy all the traders without exception.
We formulate the main advantages as follows:
- The minimum deposit - 200USD, GBP, EUR, AUD;
- The minimum rate - 10USD, GBP, EUR, AUD.
- A popular platform for trading;
- A wide range of assets for trading;
- SSL encryption of customer information;
- Intuitive platform and a nice interface;
Cons of the platform:
- Lack of training;
- The lack of multilingual support;
- Poor choice of options for trading;
- Lack of technical analysis in the terminal;
- Bad choice of systems for electronic payments
- The absence of a demonstration - account;
- No bonus programs.
Company OptionSmarter comes to financial markets such as the USA and Europe with underdeveloped site and partially filled with services and it is said that the broker is far from the title "professional in the binary options market." The lack of multi-lingual support, poor selection of options, the lack of professional training, a limited list of payment systems – these are just the things the traders are looking for primarily evaluating the service of the company. However, if all these shortcomings are not important for your style of trading, in general, OptionSmarter is quite a good broker of binary options with the "European residence permit."