Options Bank Review
The “About Us” section of the website indicates that their employees were either trader or had worked in a dealing room before joining the organization, and that makes them unique and advantageous. The company behind the OptionsBank is the OB Marketing Solutions Ltd.
The research on the website about the licensing has yielded a no results, and this is very disheartening fact.
The website of the Options-Bank is powered by Finantick and provides an unparalleled user experience. The platform provides easy to use interface with safe and secure trading environment for the traders. The website is built with dark blue, black and white theme, giving a professional look and feel. The website offers more than 200 assets to choose from a variety of asset types including currencies, commodities, popular stocks and indices. It includes popular currency pairs like EUR / USD, USD / GBP, USD / JPY amongst others, most traded commodities like gold, oil, platinum, and silver, selected indices of major stock exchanges like AEX, DOW, and FTSE among others, and selected stocks including apple, Facebook, Microsoft and google.
The brokerage house also offers a variety of option types to suit trader’s styles. It offers very short-term expiry like 30 secs, 60 secs, 90 secs, 120 secs, and 180 secs for the high-risk takers who prefers very short duration expiries. The company also has short-term expiry like 5 minutes, 10 minutes, 15 minutes, 30 minutes and 60 minutes, which are suitable for short-term day traders who prefer such expiry durations. Along with short-term expiry, the company also offers long-term contracts with expiry duration of 24 hours, 1 week, 1 month, 2 months, 3 months, up to 6 months to suit the long-term traders who prefer to buy and hold on to their positions for the longer duration of time. The offerings from the brokerage site are truly suitable for the spectrum of traders and are one of the most comprehensive amongst the binary brokers except that it does not have fancy options types.
Options Bank Trading
The broking company also allows the users to follow their favorite trader and copy trades througha single click. The social feature is very useful for new traders as it shows how the successful traders are minting money through the binary trading. The platform provides transaction history for deposits, withdrawal, and trading transactions along with safe and secure environment for depositing and withdrawing funds. The broking house accepts funds in GBP, CYN, USD, CAN, GBP, CHF, AUD, JPY, and RUB. The website offers very limited resourcing for learning and sharpening the trading skills and also does not offer demo account for practice without registration. It is evidential that the company focuses more on the seasoned players than the beginners in the binary trading field.
The website requires you to fulfill the Know Your Customer and Anti-Money Laundering guidelines before starting the first trade on the site. The enrollment in the Options Bank requires standard form filling and generic fields. The company offers up to 100 percent bonuses on the initial deposit amounts. Also, it runs monthly promotions to attract the new users which include goodies like iPhone, iPad, or a discount on their signal services. The broking company also offers payouts up to 90 percent of the investment amount. The OptionsBank requires their client to deposit a minimum of $250 to start the trading on the platform, also, the minimum investment amount per trade is restricted to $ 25. The minimum deposit requirements and the payouts are competitive in the market though not the best. There are other brokers who accept minimum deposit as low as $ 10 and allows $ 1 as per trade investment amount.
While most of the broking company in the binary trading field provides access through a mobile application, the OptionsBank does not offer the mobile trading platform. This is a big negative for the traders who prefer to trade while they are traveling or watching their favorite movie.