CTOption Broker Review |When you open the site at the first time, you will see even at the first glance that the entirety is expertly made. Market data is driven in the little ticker line and all functions are found in the upward section. All the main points can be found quickly and easily: Where to open the account, promotions and bonuses, information about their account types, demo accounts, banking, what are binary options, mobile trading and educational material. This is quite usual layout but still comprehensive and covers well all the necessary information what trader might need.
What really stands out in their site, and cannot be found from any of their rival sites, is the replicator section. There you can check how other traders have managed to make profit and compare those to your own investments. The best part is that if you find a good trader that has been successful, you can set your own investments to copy his, and therefore you can leave some of the analyzing efforts to him. He would, in some way, act as your personal portfolio manager. The trader that you choose to follow will never have access to your money or your account. You control the amount of money that you’re willing to invest as a whole.
In our own tests we were able to get really good results with the replicator. I set my trades to follow different successful trader for four days straight. The main criteria for selection was that the trader had successfully traded before for a long period of time. To my delight I found that I made a profit every day. Totally I earned $ 752. I can recommend using the replicator for every trader who wants to have better results and more money.
CTOption introduction video
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CTOption in a nutshell
- Founded 2010, Regulated under British Law
- Minimun Deposit 250 USD
- Currency accepted: USD GDP EUR
- Bonus: Up to 100%
- Demo Account: available
- Us Traders Accepted
- Minimun trade: $5
- Maximum trade: $10 000
- Trading Sofware: Panda Ts
- Mobile App: available
- Options: Standard, Range, Touch, 60 seconds
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, more
- Deposit: Multiple Credit cards, e-payments (Skrill, MoneyBookers etc.), bank transfer, wire transfer
Bonuses and account types
CTOption offer different bonuses depending on the account type which the investor will receive. There are three different account types available: Mini, Standard and Executive. The upper level is always included the benefits of the previous level. In addition, number of additional benefits come with it. I started directly from a standard level by depositing $ 2500. But the mini-account level is certainly sufficient if you want to start really carefully.
Mini account requires 250-1499 dollar deposit and for this trader gets 24/7 customer-support services, trial replicator account, introduction to live trading room and online education package. This will give solid starting package for trader to get the trading successfully started right at the beginning.
Standard account requires 1500-4999 dollar initial deposit and for that sum trader can negotiate somewhat better bonuses and is provided help from personal account manager. Trader will also receive course with a professional trader to ensure everything is understood well and correctly. On top of that standard account includes signals twice a week. Life time demo account is also provided for the investor.
The highest level, executive account is achieved with initial deposit larger than $ 5000. This includes all of the above and some extra features such as: Full introduction course with professional trader, signals system 24/6, FTG Group fundamental long term trading guide, cash back promotion with 20% refund in case of losses and a separate insurance agreement.
In addition CTOption offer Islamic account for special occasions and it is consistent with the Sharia Law. It does not include any additional expenses or restrictions. CTOption asks to contact their support if one needs an Islamic account. Islamic account is fully compatible with all three account levels. By using it you get all the same benefits that the holders of ordinary accounts.
With a demo account you can practice different trading strategies and sharpen your trading skills without risking real money. We recommend everyone to start their trading with a demo account, unless you have previous experience of binary options trading. It is an excellent way to become familiar with Panda TS/ MT4 trading platforms. 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 can not get the real profits. Therefore, you should not wait too long before you start trading with real account.
Bonuses need to be invested certain amount of times before you are able to withdraw. In this way, they prevent the abuse of bonuses and make sure that investors make an account for investment purposes, and not just because of the bonuses. Wagering requirement depends on the the amount of bonuses acquired but the range will be between 30-50 times the bonus amount.
For skilled traders, wagering requirements should not been a problem, the only thing you have to make sure before accepting the bonuses is that you are committed to trade with CTOption. That is why we recommend that you try also 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 for all the brokers we recommend. In this way, you can always take advantage of the best bonuses and benefits.
CTOption maximum payout is very high 91% and many forms of trades gives over 80% payout on average. This is more than most of the competitors will offer and therefore very fair deal from CTOption. I was actually very surprised how a large part of trading assets offered over 80% return, while many competitors offer at the same time for the same assets under 70% return
CToption broker and other important features
Trading platform is based on Panda TS software which is made by Panda Trading Systems Ltd. It is well know and popular trading platform used by many broker sites. This trading platform is very functional and reliable. The software is used by thousands of traders around the world with multiple broker sites so it has solid reputation. It will satisfy even the most demanding traders needs easily with it’s great features, zero latency and extreme preciseness.
How to Trade
The Panda platform is great, though it could be more colorful or somehow more eye catching. Nevertheless, all the features are easy to excel after short introduction. Beginners will learn to use it almost immediately and more experienced traders are probably already familiar with the functions and are able to use it very efficiently with their trades.
The platform supports hyper trading which is CTOptions name for 60 second trading and other extra short term expiry products like 30 second, 2 minute, 5 minute and 10 minute options. The software also supports high/low, range and touch options. The expiration times of each vary, but there is enough options to choose from at all situations and traders needs. Trades can be made even for 5 dollar minimum bet which gives enough room for trader to adjust his risk accordingly his strategy.
CToption offers an easy to use mobile trading platform. It allows you to monitor and implement trades when you’re on the move. We recommend downloading this trading platform, even if you do not intend at all to trade with it. It makes it easy, for example, to explore potential trading assets, and learn to invest more profitably. Mobile trading platform can be downloaded from Google play or Apple store
When you got profits and want to take some of out to your bank account, CTOption offers possibility to withdraw 24/7. Just notice that the withdrawals, as always, take 2-5 banking days to be completed depending on the method which you use. Wire transfers take more likely 5 days, in some cases even seven days where as Skrill and MoneyBookers take typically only 2-3 banking days to be completed. This should be taken into account when making a deposit. We recommend using e-payments. If investor knows that it does not make any difference whether he gets the assets out in 2 or 5 days, then it of course does not matter what banking method to choose.
They support almost every credit card and e-payment methods on the market so there is over 80 payment method that can be used. Most common methods are listed underneath:
Credit cards:Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.
E-Payments: Ideal, Sporopay, Nordea Netbank, 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, UKash.
The list of assets is comprehensive thus somewhat identical with many other brokers. All the well known and most traded companies are found in the list of stocks. There are enough of less volatile indices from different markets of the world for more careful investor and 30 different currency pairs available. Commodity options are the usual: Oil, gold, silver and copper.
Overall, totally more than 100 different assets are available and with the combination of high/low, One touch, Range, and Hyper there is definitely enough room for even the most demanding traders to find suitable options for their trades.
CTOptions offer also possibility to invest in currency pairs compared to Bitcoin value (That is, in the same way as if the bitcoin would be one currency). This option is rarely seen anywhere so if bitcoins and new technology is your specialty, CTOptions is the right place for you.
CTOptions provide comprehensive set of educational material and hands on guide how to get best out of their trading program. There is guide for platform, binary options as general, glossary for binary options, binary options basics, how to trade options, binary options strategy, binary options e-book, binary options VOD and also binary options advanced courses.
CTOptions customer service helps traders via live-chat, phone or email. Customer support can be reached from Email: firstname.lastname@example.org. In addition to the English a phone number, you can reach them from French or the Bahraini phone number. In our test customer service responded quickly and professionally from all three channels. However, quickest response time we got from live-chat.
Facts and Company
CTOption is based on UK. It is founded on 2010 and headquarter is located in London’s financial heart and the brand is owned by Paddington Global Limited. Their operations are regulated by UK government and law and all banking services are authorized by the Financial Conduct Authority. This way we know that their operations are highly confidential and trustworthy and the company itself is a trusted participant in binary options scene. To take care of their acquired reputation they will for sure continue their excellent behavior and invest time and money to keep their customer satisfied.
Conclusion and overall rating
Overall rating based on above review will let CTOptions to stand out of masses in a positive way. The variety of trading assets could be wider but that is not huge problem. There are still plenty of options to choose from. Software is easily adoptable and money transfers options are versatile. Customer support were also excellent and knowledgeable. so as a whole I do not have really anything negative to say. Special mention for the excellent replicator feature, it is already by itself a really good reason to start trading in CTOption.
Overall we give to CTOption 4,6 stars out of 5 as a binary options broker site. [yasr_overall_rating]
Open an account by clicking the button below and get familiar with CTOption
Written by Michael Allen