CTOption Review

Review

CTOption, founded in 2006, is a leading binary options trading platform and investment brokerage firm, operating in over 90 countries around the world. It is domiciled in Saint Vincent and the Grenadines.

Accounts

There are three trading accounts to choose from at CTOption. With a minimum deposit of $250, a Mini account can be opened. It comes with a welcome bonus, 24/7 customer support and a trial account for the CTOption Replicator Pro social trading service.  The Minimum position for a trade is $5.

CTOption Account Types

The Standard account requires a minimum deposit of $1500 and anyone opening this account receives an attractive bonus, a personal account manager, access to the live trading room twice a week for free signals and a life time practice demo account.

The Executive account requires a deposit of $5000 and in addition to all the above, traders with this account receive a cashback of 20% and trading signals 24/6.

Trading options include High/Low, Touch, Range and a selection of short term options including 30, 60 second, 2, 5 and 10 minute.

A practice demo account allows traders to try different trading ideas and methods for an unlimited amount of time. This is almost unheard of in the binary option industry.

CTOption also provides Islamic Binary Options trading accounts that are consistent with the Sharia law. Traders choosing to use an Islamic Account can trade without interest charges or fees occurring. There is no additional charge to open, no hidden fees, no charges or interest fees.

Features

Long term trading at CTOption is simple. Members who decide join the Elite Trading Group at CTOption receive insurance for their first long term trade. On a weekly basis, members will also obtain two long term signals based on analyses done by three top research firms within the industry. Every signal provides information regarding the real time market price and additional predictions for the next three months.

Binary Bug is the broker’s Automatic Binary Trading and Signals program. Binary Bug specializes in the development of trading algorithms and trade execution technology. Set of analytical tools, statistical models and complex algorithms has made BB a world leader in the automated trading sector.

Binary Bug offers traders over 30 months of live trading experience, use of an intuitive, user friendly interface and an time saving automated solution supported by a real life experts team. It is a web based application which is available anywhere, including mobile devices and no trading experience is required.

An accompanying video explains the Binary Bug process in detail.

The Replicator is the broker’s social trading program and it includes a list of traders their win rates. To see the list of followers, one must be a logged-in account holder.

Binary Replicator

The Replicator Pro is for advanced traders and includes their names, the number of followers, volume traded and more. The list of top traders is updated online every 30 min.

A major feature at CTOption is their ability to trade around the clock with OTC options which gives traders 40% more time to trade, including trading over the weekend.

Education

A series of interesting lectures on a variety of topics is available online and many are accompanied by videos and graphs. Additional videos are offered for both beginners and advanced traders.

Forex Courses

Traders can view a long list of tradable assets and an economic calendar provides an updated listing of events and happenings taking place throughout the world. On the landing page, market updates scroll continuously.

Market News

There is also a full financial glossary.

Through the VIP training program CTOptions offers two types of packages—the Standard and the Executive. Each one comes with professional coaches and a host of different benefits.

Bonuses/Promotions

Anyone opening a trading account and funding it is entitled to a welcome bonus. There is no mention of how much this bonus is.

The Refer-a-Friend promotion, which was the only additional promo being offered at the time of this review, offers traders generous bonuses of $750 and more for bringing in new traders who open accounts and deposit funds. Most other brokers offer bonuses of $5 or $10 for each new client so this is indeed an exceptional promotion.

Deposits/Withdrawals

Clients may make deposits using all major credit cards accepted worldwide, by wire transfers, and using a variety of alternative payment methods, such as WebMoney, GiroPay, CashU, Neosurf, Sofort, MoneyBookers, Yandex and many more. The minimum seed capital for making investments is 250 currency units (USD, EUR and GBP).

To make a withdrawal, traders must submit a funds withdrawal request. Their first withdrawal requires a compliance documentation. The minimum withdrawal amount is equivalent to 100 USD.

Customer Support

Traders can contact CTOption representatives through email, telephone and live Chat.

The Website is available in English, Italian, German, French, Chinese, Spanish, Arabic and Turkish.

Conclusion

We were very impressed with the integrity of this broker and despite not being under any regulatory authority, we seem to be making a serious effort to provide a secure and transparent trading environment for their customers. They have good support services and provide many tools to help the binary option customer.

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Features

CTOption trading is supported by a wide band of services and tools that are innovative and advanced. Besides being very transparent and responsive, the Panda platform can support every trading strategy and method, thus enabling a newbie or a pro to have larger chances of investment management that’s secured, a concept that will ultimately reshape their experience trading. They are not under any regulatory authorization which does detract somewhat from their transparency and creditability.

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Platforms

Panda

The binary options trading platforms at CTOption are powered by Panda Trading Systems Ltd. (Panda TS) known for their unmatched expertise in developing completely customized solutions to meet the exact needs of each individual client in both the Forex and binary trading arenas.

Binary Platform

The systems CTOption uses were constructed by Panda, utilizing the top technology infrastructures and financial engineering available in the field. With CTOption’s system, one finds no latency or slippage, as well as being extremely precise, which creates a trading experience that works all the time.

CTOption has a large choice of options that cover all significant assets such as Stocks, CFD and OTC. These include i Hyper Options, which are short-term options that expire in a range from 30 seconds to 10 minutes, thus exposing the advantage of those markets that are volatile; High to Low, a classic binary option can expire in ranges from fifteen minutes to a few weeks; Touch Options and Range, a medium term option expires after a few hours and targetsa trader who seeks to capture those market situations and events that are unique.

Mobile

Mobile access is available for iPhones and all android devices. The platform can be downloaded from App Store or Google Play.

Mobile Trading Platform

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User Reviews

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