OptionTime Binary Options Broker
OptionTime Company was established in 2013. However, since that time it managed to get the title of the best binary options broker by DailyForex magazine. OptionTime offers an innovative solution for traders who use technical analysis in their trading. If other brokerage companies use an additional window for this matter then OptionTime has trading process and technical analysis in the same window that allows concentrating on trading. The company's customers will be able to analyze market situation with dignity with the help of Bollinger Bands, RSI indicator, CCI and MACD or go for candlestick analysis and pattern trading.
Terms of trading
- Profitability - from 70% to 400%
- Loss recovery - No
- Minimal deposit - 100$
- Minimal stake - 10$
- Demo account – No
- Mobile version – Yes
- Education – Yes
To start trading, you need to register at optiontime.com. There are three types of accounts to choose from depending on the amount of the deposit.
Premium-account is opened with the deposit of $100 and more. It includes bonus for opening at an amount of up to 250 dollars.
Royal - account can be registered if the deposit is not less than $1,000, in that case the trading account is credited with a bonus of up to $ 500. Exclusive - account is for large customers capable of depositing $ 5,000 to their account. Bonus is up to $2,500. There are not many advantages of Exclusive account, in fact, those include only SMS-notification about the trading process and personal manager.
Registration process is typical and simple. One just needs to enter the passport information and contact phone number to be redirected to the account type selection page with different accounts features. It should be noted that broker insures customers’ deposits for a sum of up to $20000 regardless of the chosen account type.
Original trading platform
Trading platform at OptionTime is called Keystone. It is developed and implemented by the in-house experts. As already mentioned, the platform is the first to propose the integration of binary options with the tools of technical analysis. Everything happens in one window and the trader does not have to waste time analyzing the market in a one window and trading the binary options market in the other. Such specificity does certainly distinguish the company among its main competitors, allowing it to be used by the most professional players in the financial market. Platform charts allow trader to customize the color scheme to his taste, which can also be considered an aesthetic advantage.
-availability of technical analysis tools;
- exclusive original style;
- trading security protocol;
- a wide range of trading options;
- a wide range of expiration times;
- quick response to trading signals.
Platform drawbacks: none.
OptionTime offers its customers more than 180 financial instruments for trading. There are the most commonly used currency pairs, commodities, stocks of leading European and American corporations and, of course, the stock indices. In short, there is a choice for both stocks and forex traders. Upon customers request a demo account is provided, with the help of which novice traders can conduct testing of their own trading methods before they start actual trading. However, the use of demo account is terminated after funding your deposit for $200.
Unique opportunities and bonuses
In addition to the primary bonus of 100% for deposit funding there is also a bonus for each subsequent replenishment (50%) as well as for inviting people to become customers of the company by the trader’s own affiliate link. Leading a friend to the website can earn you 50$ in case he replenishes his account for the sum starting from $250. At the same time if the replenishment amount will be equal to $2000 - $10 000 the award will be $350.
Today the company has the following trading types:
Classic type – Classic Time – a common predicting of price movement direction.
Fast trading – Speed Trading – high speed trading with 60, 90 and 120 seconds expiration times. The same as for the classic trading, trader needs to predict the price movement direction.
Touch option – One Touch – profit for this type of option is possible if the trader predicts the price touching one of the preset levels. At the same time, it is important that the price has reached a level and broke though for 1 point at least at the time of closing the order.
Touch in Time is a powerful tool that may be used effectively in today's unstable market conditions. It is necessary that the price touched one of the preset levels to profit. At the same time, it does not matter where it will be at expiration.
ProMaster is precisely the option that involves the use of professional technical tools. The available range of stakes (from one minute to 40 days) allows choosing any of the possible trading strategies.
For studying binary options trading, the company provides free materials including interactive lessons and video resources on its website. In addition, the Royal and Exclusive trading accounts include individual lessons by broker staff. In the first case, there is a limit of communication time with the trader of just 3 hours per month, which, of course, is not enough. An Exclusive account has no such restriction and coach is available 24/7 in a learning mode.
The company's website promises to support customers in the online mode in 6 languages. English is included in the proposed list. Communication with broker specialists is possible round the clock without any restrictions in the days of the week. According to the Company information traders are recruited as consultants. This fact contributes to a more professional approach in dealing with customers.
No fees for deposits and withdrawals
OptionTime is almost the only brokerage company, which compensates customers their bank and payment systems fees. MasterCard and Visa, bank transfers, MoneyBookers aka Skrill, Webmoney, CashU and other less known in Europe and the USA electronic payment systems are presented as funding methods. Transfer of funds to client accounts is instant. It is worth noting that the trading deposit can be opened in one of three currencies: American dollar, euro or British pound. Let us note that withdrawal occurs instantly for VIP-clients. The rest will wait for 2 days (3 days at other brokers).
What are OptionTime pros and cons?
Upon selecting OptionTime for trading the trader receives a package of services that is not below average. At the same time, professional players have the ability to use technical analysis tools than not all brokerage firms can boast of.
The main advantages are:
- the minimum deposit of just 100 USD;
- minimum lot – starting at 10 USD;
- the original trading platform;
- a stable server connection;
- trades security on SSL;
- excellent trading tools;
- intuitive user-friendly controls.
Significant disadvantages were not found.
OptionTime relies on more professional market participants, offering them all the opportunities of quotes technical analysis. At the same time, novice traders will find out that the company provides the most loyal conditions and bonuses that will help to carry out the fastest start of their professional development. Today the broker is trusted by many traders from all over the world, and an exclusive platform is effectively used for obtaining the maximum benefits from trading.