CTOption Broker Review | When you open the site for the first time, you will see, even at first glance that it is entirely expertly made. Market data is displayed in the little ticker line and all functions are found in the top section. All the main points can be found quickly and easily, including: where to open an account, promotions and bonuses, information about account types and demo accounts, banking options, detail about what binary options are, mobile trading, and educational materials. This is quite a usual layout but it is comprehensive and covers all the information that a trader might need.
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What really stands out on their site, and cannot be found on any of their rival’s sites, is the replicator section. There you can check how other traders have managed to make a 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 theirs, and therefore you can leave some of the analyzing efforts to them. They 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 tests, we were able to get really good results with the replicator. I set my trades to follow different successful traders for four days straight. The main criteria for selection was that the trader had successfully traded for a long period of time. To my delight I found that I made a profit every day. In total 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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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, 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.
The maximum payout from CTOption is very high, 91%, and many forms of trades provide an average of more than an 80% payout. This is more than most competitors will offer and therefore a very fair deal from CTOption. I was actually very surprised that such a large number of trading assets were offering returns over 80%, while many competitors at the same time, for the same assets, offer less than a 70% return.
CTOption Broker and Other Important Features Trading Platform
The trading platform is based on Panda TS software which is made by Panda Trading Systems Ltd. It is a well-known 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 a solid reputation. It will satisfy even the most demanding trader’s needs easily with its great features, zero latency and extreme precision.
How to Trade
The Panda TS platform is great, though it could be more colorful or somehow more eye catching. Nevertheless, all the features are easy to master after a short introduction. Beginners will learn to use it almost immediately and more experienced traders are probably already familiar with the functions and will be able to use it very efficiently for their trades.
The platform supports hyper trading, which is CTOption’s 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 are enough options to choose from for all situations and trader needs. Trades can be made for as little as $5, which gives enough room for traders to adjust their risk according to their 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 to trade with it. It makes it easy, for example, to explore potential trading assets, and learn to invest more profitably. The mobile trading platform can be downloaded from Google play or the Apple store.
When you have profits, and want to transfer some out to your bank account, CTOption offers possibility to withdraw 24/7. Just be aware that the withdrawals, depending on the method you use, will take two – five banking days to be completed. This is fairly standard. Wire transfers take closer to five days, in some cases even seven days where as Skrill and MoneyBookers typically only take two – three banking days to be completed. This should be taken into account when making a deposit. We recommend using e-payments. If it doesn’t make a difference whether you get the money in two or five days, then it, of course, does not matter what banking method you choose.
They support almost every credit card and e-payment method in the market so there is over 80 payment methods that can be used. Most common methods are listed below:
Credit cards: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.
The list of assets is comprehensive and very similar to many other brokers. All the well-known and most traded companies are found in the list of stocks. There are enough of the less volatile indices from different markets around the world for more careful investors and 30 different currency pairs available. Commodity options are the usual: oil, gold, silver and copper.
Overall, there are more than 100 different assets 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.
CTOption also offers the possibility to invest in currency pairs compared to bitcoin value (That is, in the same way as if the bitcoin was a currency). This option is rarely seen anywhere so if bitcoins and new technology is your specialty, CTOption is the right place for you.
CTOption provides a comprehensive set of educational material and hands on guides about how to get the best out of their trading program. There is guides for the platform, binary options in general, binary options basics, how to trade options, binary options strategy, along with a glossary for binary options, a binary options e-book, a binary options VOD and also some advanced binary options courses.
CTOption’s customer service helps traders via live-chat, phone or email. Customer support can be reached at firstname.lastname@example.org. In addition to the English phone number, you can reach them from a French or Bahraini phone number. In our test. customer service responded quickly and professionally on all three channels. However, the quickest response time we got was from live-chat.
Facts and Company
CTOption is based in the UK. It was founded in 2010 and the headquarters are located in London’s financial heart. The brand is owned by Paddington Global Limited. Their operations are regulated by the 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 the binary options scene. To take care of their acquired reputation they will definitely continue their excellent behavior and invest time and money to keep their customers satisfied.
Conclusion and overall rating
The overall rating based on the above review shows that CTOption stand out of the crowd in a positive way. The variety of trading assets could be wider but that is not a huge problem, there are still plenty of options to choose from. The software is easily adoptable and money transfer options are versatile. Customer support is excellent and knowledgeable. So, as a whole I do not have anything really negative to say. The excellent replicator feature deserves a special mention, it is already, by itself, a really good reason to start trading with CTOption.
Overall score 4.6 out of 5.0.
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Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.
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