CTOption in a Nutshell
- Founded: 2010
- Regulated by: British law
- Minimum Deposit: 250 USD
- Currencies accepted: USD, GDP and EUR
- Bonus: Up to 100%
- Demo account: Available
- US traders: Accepted
- Minimum trade: $5
- Maximum trade: $10,000
- Trading software: Panda TS
- Mobile app: Available
- Options: Standard, range, touch and 60 seconds
- Expiry times: 60 seconds, 5 minutes, 15 minutes, hourly, daily, weekly and more
- Deposit options: Multiple credit cards, e-payments (Skrill, MoneyBookers etc.), bank transfer and wire transfer
Bonuses and Account Types
CTOption offers different bonuses depending on the account type you choose. There are three different account types available: Mini, Standard and Executive. The upper level always includes the benefits of the previous level, and, a number of additional benefits come with it. I started with a Standard account by depositing $2,500. But the Mini account level is certainly sufficient if you want to start really carefully.
Mini Account – $250-$1,499 deposit
The Mini account requires a $250-$1,499 deposit and for this, traders get 24/7 customer-support services, a trial replicator account, introduction to the live trading room and an online education package. This is a solid starting package that allows a trader to get trading successfully right from the start.
Standard Account – $1,500-$4,999 deposit
The Standard account requires a $1,500-$4,999 initial deposit and for that sum a trader can negotiate somewhat better bonuses and is provided with help from a personal account manager. Traders will also receive a course with a professional trader to ensure they understand everything well and correctly. On top of that the standard account includes signals twice a week, and a life time demo account.
Executive Account – $5,000 plus deposit
The highest level, the Executive account, is achieved with an initial deposit larger than $5,000. This includes all of the above and some extra features such as: a full introduction course with a professional trader, a signals system 24/6, a FTG Group fundamental long term trading guide, a cash back promotion with 20% refund in case of losses, and a separate insurance agreement.
In addition, CTOption offer an Islamic account, for Muslim traders, which is consistent with Sharia Law. It does not include any additional expenses or restrictions. CTOption asks traders to contact their support if they need an Islamic account. Islamic accounts are fully compatible with all three account levels. By using one you get all the same benefits as the holders of ordinary accounts.
With a demo account you can practice different trading strategies and sharpen your trading skills without risking real money. Unless you have previous experience of binary options trading, we recommend everyone starts their trading with a demo account. It is an excellent way to become familiar with the Panda TS / MT4 trading platform. In our own testing, we found no significant difference between real and demo accounts. But remember that when you are trading with play money you cannot get the profits. Therefore, you should not wait too long before you start trading with a real account.
Bonuses need to be invested a certain amount of times before you are able to withdraw them. In this way, they prevent the abuse of bonuses and make sure that investors create an account for investment purposes, and not just because of the bonuses. Wagering requirements depend on the amount of the bonus acquired but the range will be between 30-50 times the bonus amount.
For skilled traders, wagering requirements should not be a problem, the only thing you have to make sure before accepting bonuses is that you are committed to trading with CTOption. That is why we recommend that you also try other brokers, such as IQ Option, Banc de Binary, GOptions, CherryTrade and PorterFinance before fully accepting big bonuses. If, however, you are going to trade in large amounts, and in the long term. It makes sense to open accounts with all the brokers we recommend. In this way, you can always take advantage of the best bonuses and benefits.