CTOption.com is one of several binary option brokers that burst upon the scene in 2013. The CEO’s introductory letter emphasizes the firm’s commitment to the company’s motto, “Binary Options Made Simple”, and it appears that in a few short years, according to favorable reviews and testimonials on the web, his team is succeeding. They currently have clients in well over 90 countries, and their innovative offering will surely attract more. The broker is located Kingstown in Saint Vincent and The Grenadines and has a companion operating office in London. U.S. customers are welcome.
The uniqueness of this broker begins with its trading platform and its proprietary “Replicator” service, an innovative approach to the highly popular venue of social trading. The platform is not your typical offering from SpotOption or Tradologic. It is a proprietary and customized set up provided by Panda TS, another software developed of high repute in the financial services industry. The “Replicator” provides an automated or manual, if preferred, way to follow the top ten traders or anyone of your choosing at a given moment, or, as they say, “Social Trading Made Simple.”
CTOption also has the broadest set of deposit options around, and withdrawals are really handled in a 24-hour period, the first one being free. You can pick from more than five-dozen asset choices, encompassing the more popular forex, stock, commodity, and index items in the market. Traditional Call/Put, One-Touch, Range, and “Hyper” options return 80% payoffs on average, with some as high as 91%. Rebates of 5% are offered on selected assets. There are three separate account classifications, each with escalating benefits, including a free demo account, and, if you prefer, an Islamic version is available, too. Educational materials and trading tools are in abundance, and customer service reps are at the ready to help you with any inquiry. What’s not to like?
Features at CTOption
The distinguishing features listed by CTOption.com website are as follows:
- Founded in 2013 by experienced financial professionals;
- Head office is in the Caribbean island community of Saint Vincent and The Grenadines, with companion offices in the London, England;
- Broad customer base in over 90 countries, and U.S. customers are accepted;
- Minimum deposit is 250 units of either USD, EUR, or GBP;
- Three account classifications, which include escalating benefits, depending on deposit range: Mini (250 to 499); Standard (500 to 999); and Executive (1,000 to 9,999);
- Free Demo account, and Islamic Account available, as well;
- Client deposits are segregated in Tier-1 bank in Singapore;
- Trade Call/Put, One-Touch, Range, and “Hyper” (their term for Turbo) options;
- Over 60 asset selections, including currency pairs, indices, commodities, and stocks;
- Payoff ratios can be as high as 91%, with 5% rebates on selected items;
- Unique and user-friendly trading platform makes trading easy and at your fingertips;
- “Replicator” service allows for a more in charge social trading experience;
- Educational materials for all experience levels, along with special learning programs designed for Entry, Intermediate, and Premium classes;
- Customer Service assistants can accessed via live chat, email, and phone.
The management chose to go a different direction than most other binary option brokers by choosing the trading platform offered by Panda Trading Systems Ltd., a software development company dedicated to the online financial trading sector since 2006. The platform is a strong selling point for CTOption since it is extremely user-friendly and utilizes the latest in technological advances to ensure a highly favorable trading experience. Mobile trading is also supported, and all activity on the site, from session data to personal information, is encrypted to prevent any access by hackers.
Deposits and Withdrawals
CTOption provides the normal deposit routes using major credit, debit cards, or banking wire transfers, but they excel in offering a host of alternative payment methods. For example, this list includes Ideal, Sporopay, Nordea Nettbank, LaCaixa Linea Abierta, MisterCash, EuTeller, Boleto, Poli, BPay, UnappliedTx, WebMoney, Gluepay, eKonto, Sofort, Banklink, GiroPay, Moneybookers, Przelewy24, EPS, Ewire, Abaqoos, Multibanco, UseMyServices, Santander, Moneta, Instadebit, Fundsend, Teleingreso, Dineromail, Neosurf, CashU, and Ukash, to name a few. Withdrawals are handled within 24 hours, as long as internationally mandated personal identity information is on file and in order. Your first withdrawal is free. Customer deposits are held at DBS Bank Ltd, a Tier-1 bank founded in Singapore in 1968. Their paying agent operates out of Hong Kong.
The website can be read in eight languages. Bilingual staff representatives are available for every trading day via live chat, email, or direct phone line. Professionally trained staff will also help you with the firm’s Education Center, which includes materials for both beginners and advanced traders. These items include ebooks, videos, and assorted written pieces that cover daily commentary, basic binary option information, and strategy development. In addition to these standard materials, the firm also provides a structured learning process attended to by professional traders. The three versions are Entry, Intermediate, and Premium.
CTOption – Conclusion
As the CEO states, “CTOption was founded by experienced professionals from the financial, trading and technology industries, with one goal in mind: to provide the most advanced, trustworthy and secure, easy to understand and use investment platform for smart investors.” The company appears to be achieving its goals and striving to innovate wherever possible. Their “Replicator” feature is a unique improvement on the social trading scene, and their trading platform is customized to perform above industry norms. Option choices are the most popular ones around, and payoffs are highly competitive at the high end of the scale. The word most commonly seen in other reviews is “exceptional”. Perhaps, now is the time to check out CTOption for yourself.
Forextraders' Broker of the Month
ForexTB is generally considered a reliable and reputable firm. It offers a variety of desirable features and attracts traders from all over Europe. The brokerage is fully regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and is fully compliant with the European Securities and Markets Authority (ESMA). Customer reviews are usually positive, and independent industry websites that have reviewed ForexTB have concluded that the broker is safe...