Located in London, CTOption has become the go-to broker for many binary options traders around the world. In fact, this broker is one of the few reputable ones that still accept US traders. And in a bid to win the confidence of traders from other parts of the world, CTOption also has local branches in France and Japan. But it is not just its broad global reach that is making the CTOption brand popular in the industry, but the quality of the features and the services it offers as well. A closer look at the broker’s features and quality of services revealed the following.
CTOption vs NADEX. While CFTC regulated NADEX is the #1 recommended platform for US traders it may not be for everyone. The NADEX interface is somewhat less intuitive and bit more difficult to learn than that of offshore brokers. Also, with NADEX you are required to pay commissions and capital gains taxes which eat it into your profits. Commissions and taxes don’t apply when trading with offshore brokers. Lastly, NADEX does not offer the faster expiries such as 30 seconds, 60 seconds and two minutes. For some signal services these timeframes are important. Take for example Binary Options Trading Signals, the best live trading room on the planet. Binary Options Trading Signals offers through their proprietary indicators on their live charts, signals for 60 second, two minute, 5 minute and 15 minute trades. If you are from the US you will need to use CTOption(I can’t think of a good alternative) to take advantage of the faster expiry signals.
CTOPtion is based on the innovative Panda TS platform and offers high payouts of up to 91% for classic binary options. Another great feature is that you can purchase options for as littlel as $5.
For those who don’t have time to stare at computer screens analysing charts and making trading decisions on their own, CTOption has something for you. The solution is called Binary Bug; and it links inexperienced or time-constrained traders to trading activity by highly experienced expert traders. The automated trading bot is available even on mobile devices. More importantly, it has been made especially easy and intuitive to facilitate trading on the go.
Social trading is also something CTOption supports. Thanks to its Replicator feature, you can follow traders who are currently making a killing in the markets by copying their signals. There is quite a decent selection of traders to work with, some of whom have managed to make several hundred trades with very high success rates.
For those who are more discriminating when choosing their social trading gurus, the company also offers a product it calls Replicator Pro. This feature lists the top 10 best performing traders, a few whom have managed to make well over a hundred grand in profits through their trades. If following the best the company has to offer still fails to give you peace of mind, you can engage the manual mode and monitor a trader’s activity while you maintain the power to make trading decisions on your own.
A Broad Variety Of Options
CTOption has all the binary options you might need, including the much rarer 60-second and 30-second options. Other short term options include the 2-minute, 5-minute, and 10-minute options. Range options are also offered by the broker, as well as One Touch and High/Low options. There are over 100 assets to choose from and you can trade in currencies, stocks, indices, and even commodities.
CTOption Customer Support
The customer support at this broker is clearly on top of things; they are quick to respond to queries. Available modes of contact include chat, phone, and email. There are actually several email options available depending on the department you wish to talk to, which should make your queries easier to address.
CTOption Deposits and Withdrawals
A minimum deposit of $250 is required when setting up an account with CTOption. Available payment processing methods include wire transfer, credit and debit cards as well as online payment processing services such as Skrilll, WebMoney, CashU, and NETELLER. You are also welcome to make your deposits in dollars, euros and even GBPs.
Withdrawals have to be at least $100. The methods available for deposits are also available for withdrawals, except in cases where regulations limit how trading profits should be withdrawn. Withdrawals normally take 5-7 business days to process.
CTOption offers three kinds of accounts, the mini account, the standard account, and the executive account. All of these accounts qualify for a welcome bonus. The mini account requires a deposit of $250, while a standard account requires a 2,500-dollar deposit.
The Executive account requires a minimum deposit of $10,000. With this account, withdrawals are also processed a lot faster, and you get the chance to win gifts such as tablets and phones. You can also open a free demo account and trade with virtual funds before embarking on real trading. Islamic accounts set to be compliant with the Sharia law are also available.
CTOption is recommended by many reputable signal services for US traders. Although they do offer signals of their own, we think it is always best to use a 3rd party signal service rather than signals offered by your broker.
5% Rule Addressed
Some time back, there were complaints regarding a restriction on trades greater than 5% of traders’ account totals that CTOption used to apply. I am informed by CTOption that as result of the complaints this restriction has now been removed except for accounts $5,000 or greater. In any case, it is bad money management to stake more than 5% of your capital on a single trade.
CTOption Trader Education
All in all, CTOption has done a good job in providing the education resources needed for traders to make the best of this market. In the educational section, you will learn how to open trades, analyze the market, formulate a strategy, and even master the basics of binary options trading.
CTOption is very serious about what it is doing, which is why you will love everything it has to offer. This is a serious broker, which is why it has gone to great lengths in offering a broad range of features and topnotch trading services. You should want for nothing once you choose to trade binary options using CTOption; not with their high-quality social trading, automated trading, all kinds of financial assets, and high quality support services among other great features they are offering.