CTOptions is a binary options broker founded in 2010 and their headquarter is located in London. The broker belonged to a company called InfiniCore Ltd. CTOptions is subjected to the FCA. This means that your fund is protected with an extra layer of security. They offer binary trading services to customers in more than 100 countries. CTOptions offers more than 100 types of assets. The payout for the majority of the assets is higher than 80%. Before you can register for an account, you must provide some verification documents they requested. CTOptions is one of the few brokers, that still accepts US traders and CToption is not a scam broker.
CTOptions offers the Panda TS platform for traders. The platform is quite reliable. All the features can be easily accessed on the Panda TS platform. It offers 4 types of assets including one touch, range, high/low and hyper. Hyper trading refers to short term options with short expiry from 30 seconds to 10 minutes. You can place a trade for just $5. There are over 2 dozen forex currency pairs. There are four Bitcoin based forex currency pairs. They support both EU and US indices.
CTOptions also offer mobile trading platform. CTOptions support many extra features such as binary social trading, Replicator and auto trading system. The mobile platform allows you to place trades conveniently and watch your trade live.
Types of Accounts
CTOptions offers 3 types of accounts including Mini, Standard and Executive. The Mini account is for traders who want to deposit in between $250 – $1499. Mini account holders features Trial Account for Replicator Pro, live trading room and online education package. Standard account is designed for traders who want to place a deposit of $1500 – $4999. Standard account includes all the features of mini account. In addition, Standard account holders are also entitled to personal account manager, lifetime demo account and free professional trader course. Executive account is for traders who want to trade on a sum larger than $5,000. Executive account holders will enjoy benefits such as 20% cash back, free trading signals 24/6, and innovative insurance policy agreement. Welcome bonuses are available for all accounts.
Is CTOption A Scam?
No, CTOption is a legit company and not a scam. However you should always read the terms and conditions, mainly the bonus terms because those conditions are really hard to acomplish, therefore some may say that the bonus here is a scam. It’s not a scam in my opinion however you should never accept a deposit bonus, because you may never be able to withdraw that money again. CTOption has offices in the UK and I really think that this broker is not a scam.
Customers can deposit through a variety of methods including credit/debit cards, wire transfer, WebMoney, CashU, MoneyBookers, Yandex and etc. It accepts three deposit currencies including USD, EUR, and GBP. Traders can withdraw the funds in their accounts via the same method they deposited the funds. You are not obliged to place a deposit if you register for an account. The minimum withdrawal requirement is USD$100. They usually process the withdrawal requests within 2 days. It will take up to 5 days for the money to appear in your account. You can perform the withdrawal at anytime of the day.
CTOptions offers customer support through email, telephone and live chat. CTOptions offers three international telephone customer support for three countries including UK, France and Bahrain. They have separate email addresses for different departments. The website supports 8 languages. There is an education center that provide free tutorials on binary options trading for both newbies and advanced traders.
The clients’ funds are deposited in separate accounts at DBS Bank in Singapore. DBS Bank is an A+ rating bank. The trading activities and sensitive information of the clients are protected by a secure 128 bit SSL protocols.
In conclusion, CTOption is a reputable broker that offers competitive payouts and reliable trading platform. They offer free lifetime demo account for the standard and executive accounts. Traders are allowed to open more than one account. This enables traders to efficiently manage their portfolio for a variety of assets. Most brokers do not allow you to hold multiple account because they have to comply to the AML.