CTOption Review

Trading Platform

CTOption offers traders a completely unique trading experience, thanks to its platform that features a new social trading feature that the broker calls ‘Replicator.’ The trading platform itself is proprietary, and has been developed for the broker by Panda Trading Systems Ltd. (Panda TS), which is a popular software development house within the financial services sector. Traders who have used Tradologic or SpotOption platforms should find the software to be immediately familiar, despite the new innovations and certain customizations that have been made. An example of the custom innovations is the ‘Replicator’ service, which lives up to its stated aim of ‘Social Trading Made Simple’ by allowing users to instantly follow up to 50 top traders with a single click. The broker also offers ‘Binary Replicator Pro’ which enables traders to follow 10 of the top trading professionals on the platform. For convenience and flexibility, a trader can also watch the trading performance of the top traders on their iPhone and Android devices.

Mobile Trading

The binary options trading industry changes fast and people want the convenience of trading from wherever they are on their mobile devices. CTOption offers traders a choice of fully loaded mobile applications for both Android and iPhone, allowing traders to carry the full trading experience with them wherever they go. The mobile trading platform is easy to use and to navigate and traders can move between the desktop and mobile platforms seamlessly.

Account Types

In their understanding that no two traders are the same, CTOption offers 3 main types of trading accounts, with a variety of escalating features, depending on the initial deposit made by the trader. For an initial deposit of $250 to $499, a trader can open a Mini Account and enjoy a welcome bonus, access to 24/7 support, an online educational package, an introduction to the broker’s live trading room as well as a trial Replicator Pro account. The Standard Account requires a deposit of $500 to $999 and offers a personal account manager, access to the live trading room twice a week with free signals and an educational course with a professional trader. In addition, Standard account holders also gain lifetime access to the broker’s demo trading account as well as a trial account for Replicator Pro. The Executive Account, offered to traders who make an initial deposit above $1,000, has all the benefits of the Mini and Standard accounts as well as a 24/6 signals service which can be combined with Binary Bug, an automatic trading platform. These account holders also get trading insurance and 20% cash back on losing trades. In addition, as an Executive account holder, you will also be eligible for the CTOption insurance policy agreement as well as gain access to the FTG Group fundamental trading long term trading.

CTOption has demo and Islamic accounts as well. The Islamic accounts have been tailored in accordance to Sharia law, enabling traders to trade without interest charges or fees. That is, a ‘No Riba’ policy is applied to these accounts enabling a trader to keep a position option for an undetermined amount of time with no fees or charges.

Trading Terms

With so many brokers in the industry requiring traders to deposit a minimum of $250 or more, Optionsclick is well positioned to cater to the budgets of most traders. In addition, their minimum investment amount is ideal for those traders who have a small starting capital. The broker also offers custom programs and all Gold VIP and Platinum VIP traders also receive returns on losses, increased payout percentages and rewards on successful trades.

Bonus Types

All new traders at CTOption can take advantage of the broker’s 100% welcome bonus, which can be withdrawn once they achieve a 30x trading volume. Full details of the broker’s bonus terms and conditions can be found on their website. There is also a ‘referral bonus’ that is offered to traders who introduce a trader to CTOption. The bonus paid out depends on the initial deposit made by the referral. For example, if a trader’s friend deposits between $250 and $500, both the trader and the referred friend will receive $50 each.

Demo Account

As has become par for the course with the majority of top binary options brokers, CTOption allows new users to create a demo account on their trading platform. This allows traders to quickly become familiar with the broker’s unique features and to try out their trading strategies before they commit any money to real trades. Signing up for a demo account is easy to do and once a trader has provided some basic personal information, the demo account will be available for use.

Support

CTOption has multilingual support staff on hand throughout the trading week and in this way, they are able to cater to their diverse clients. These representatives can be contacted by live web chat or via the phone number available on the site. There are also direct email contacts where traders can reach customer support, account management, marketing, operations and compliance departments, with ease. The CTOption website is available in nine major languages including English, Italian, German, French, Spanish, Turkish, Russian, Arabic and Japanese. In addition, CTOption has a robust Education Center that caters to both new and experienced binary options traders. Here traders can access market analysis, an online trading course, trading videos, trading basics and much more.

Reliability

CTOption is licensed in England by the Financial Conduct Authority (FCA), and holds a Payment Services Regulation reference number 517227. This regulation means that CTOption falls under governmental scrutiny and is a safe broker. Traders’ deposits are kept secure at the DBS Bank in Singapore, in accounts that are separate from the broker’s main accounts. In addition, all online transactions on the broker’s platform are secured with 128-bit SSL encryption protocols to avoid revealing any of their traders’ personal details to any intruders.

Pros and Cons

Conclusion

CTOption is a binary options broker that has developed a platform with the primary aim of connecting traders and allowing them to share trading strategies for improved results. The relatively high returns and generally favorable reviews from traders who are signed up to the broker, are a clear indication of CTOption’s reliability and exceptional customer service. In spite of the slight inconvenience of a lengthy withdrawal process, this is certainly one of the best new brokers available right now.