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Optiontrade – Binary Options Broker

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Review of the broker Optiontrade

OptionTrade is a regulated binary options broker which was founded in 2013. Its headquarters are located in Cyprus. It was founded by the company HF Markets Ltd, which owns the Forex broker HotForex, one of the most important and consolidated in the sector. This broker is specialized in  Above/Below and One Touch binary options trading, based on various types of financial assets such as currency pairs, commodities, stocks and indices. It also offers a range of services for the trader interested in this type of financial product which are detailed below.


Type of Broker 

Optiontrade is a Binary Options broker.


Country of origin

The headquarters of this broker are located in Cyprus


Regulation

HF Markets Europe Ltd. is a company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) and has the license number 183/12. Thus, Optiontrade is one of the few binary options brokers that is properly regulated, which offers its customers greater certainty regarding the practices of this broker, especially those related to the clients funds management.


Underlying Assets 

Optiontrade allows its clients to trade with binary options based on the following 60 financial assets (underlying assets): 

  • Forex Market: 26 pairs of the Forex market, including the most important as the EUR/USD, GBP/USD and USD/JPY and other more exotic like the USD/EGP and USD/RUB. 
  • Commodities: 9 of the most important and traded commodities in the market like gold, silver, platinum and crude oil. 
  • Actions: 76 shares of the major stock markets in the United States, Europe and Asia, including Google, Coca Cola, Apple, British Petroleum, Rolls Royce, Lukoil and Gazprom among others. 
  • Stock index: 42 major stock indexes and index futures globally. In this case, Optiontrade allows its clients to trade with opcions based on indices such as the Nasdaq, S&P 500, Dow Jones, FTSE 100, DAX 30, CAC 40 and Bombay SE among others.

Types of Binary Options

Optiontrade customers have the ability to trade with the following types of binary options: 

  •  Above / Below Binary Options: In this type of binary option the trader must forecast only if the underlying asset price will end above or below the strike price (usually it is the market price at the time of acquisition of the contract) of the option once the contract expires. These are the most common binary options because of their operational simplicity and high returns offered to investors. Usually, the Above/Below options offered by OptionTrade have an expiry of 1 hour, however this value may vary. For example, the trader can also trade with Above/Below options with a maturity of 60 seconds or with long term options. In the case of long-term options, the maturity is usually 1 week, although the maturity of these contracts could be even at end of year. 

  • One Touch Binary Options: These are binary options in which the trader must determine whether the price of the financial instrument will touch or not a predetermined  price level (barrier) before the contract expiration. If the price reaches this level, then the option is automatically liquidated without terminating their period of maturity. Because these options are more complex and have higher expiration periods than Above/Below options, they typically provides yields that may reach up to 550% in the case of this broker. 

  • 60 seconds Options: These are Above/Below options which have a maturity of 60 seconds. For this reason, these options are ideal for traders interested in trading based on the micro market movements, especially in volatile instruments like oil or some currency pairs. In this way, a trader can make lots of trades daily. 

  • Pair binary options: This is a special type of binary option which focus on the relationship between two related instruments or underlying assets like stocks, commodities or stock indices. Optiontrade offers the ability to trade with pair options in which is compared  the performance of two assets such as Google vs. Apple, Citigroup vs. AIG, DAX vs. and Gold vs. Silver.


Payment Offered by Optiontrade

The performance offered by this broker for binary options that expire in the money depends on the type of option, the term of the contract and the underlying asset as shown below: 

  • Above/Below Binary Options: A yield of 70% to 85% of the capital invested by the trader in the trade. 
  • One Touch Binary Options: A yield of 200% to 700% of the capital invested by the trader in the trade. 

With respect to options that expire Out The Money (losing trades in which the trader is wrong in its forecast for the market), this broker offers its customers the ability to recover up to 10% of the amount invested. Thus, the impact of losing trades is limited on the trader account, mainly during periods of negative results.


Trading Accounts

The Optiontrade broker offers several types of trading accounts with the following features:

Account Type/Services

Standard

Premium

VIP

Minimum deposit

$100

$1000

$5000

100% deposit bonus

Yes

Yes

Yes

Insurance protection for customers

Yes

Yes

Yes

Free demo account

Yes

Yes

Yes

ProTrader online trading platform

Yes

Yes

Yes

Underlying assets

+200

+200

+200

Platforms for mobile devices

Yes

Yes

Yes

5 binary options types

Yes

Yes

Yes

Binary Options Education

Yes

Yes

Yes

Free Video Tutorials

No

Yes

Yes

Trading Central Report

No

Yes

Yes

Personal Account Manager

No

No

Yes


Trading Platform

Currently this broker provides a web-based trading platform with the following characteristics: 

-Protrader Of Optiontrade: A web-based application that requires no download or installation and can be accessed from anywhere with an Internet connection. This platform is specifically designed to trade with Above/Below and One Touch  binary options thus it includes various functions for trading management that allow the opening of new positions (acquisition of new options) and the effective control of trades which are still active. In this case, this application provides some trading tools such as updated quotes of different underlying assets offered by this broker, price charts and others.

This platform includes the following additional features: 

  • Roll Over: This tool allows to extend the maturity of a binary option. For this reason, it is quite useful in those trades in which the investor believes that a binary option that is currently Out The Money, is highly likely to expire In The Money if the expiration period of the contract is extended. Basically it is a powerful stop loss strategy that can increase the chances of success in a trade, however the use of this feature requires the addition of an extra investment of 30% (the return is also increased by 30%) and also there is always the risk that the option still expires Out The Money. 
  • Double Up: Through this function, the trader has the possibility of increasing their investment and double the profits. Basically, when an option is In The Money and is near its expiration and the trader predicts that the market will continue in the same direction, Optiontrade offers the possibility to create a new transaction with the same conditions but at the current price of the underlying asset. The only thing the trader has to do is press the button “Double Up”. Thus, it is possible to obtain higher profits particularly in favorable market conditions. 
  • Sell Option: This is a feature that allows the trader to sell an option back to the broker before the expiration of the contract. In other words, the trader can close a position before the option expires. This tool is quite useful when the market is moving against the trader, as it allows to cut your losses and potentially make a small profit if the option is In The Money, even momentarily.

Main Advantages of Optiontrade

  • Optiontrade is a European binary options broker which is properly regulated by CySEC of Cyprus. 
  • This broker offers regular promotions for new and regular customers which consist primarily of cash bonuses which are deposited in the trader account. 
  • The client of this broker has the ability to trading with various types of binary options based on many financial instruments (financial assets) of various types, including currency pairs, stocks and stock indices. 
  • This broker allows to trade with binary options with a maturity of 60 secondos and binary options on pairs of assets. 
  • Through its website, the broker provides basic education on binary options and how to trade with this financial product. Among the educational resources of Optiontrader we can mention the video tutorials and free e-book on binary options. 
  • The  trading platform of Optiontrade is a simple application, which is web based and requires no download or installation. 
  • For options that expire Out The Money, this broker allows its clients to recover up to 10% of the amount invested in the option. 
  • This broker offers daily market analysis carried out by experts which are sent via email or phone depending on the VIP package in which the trader is registered. 
  • Optiontrade offers a good customer service which includes the following contact methods: email, phone and live chat on the website which operates 24 hours a day. 
  • This company offers the opportunity to earn income by promoting its services as broker through an affiliate program called OptionTrade Partners.

Demo Account

Optiontrade offers a demo account with no time limit.


Payment Options

The options accepted by this broker for deposit and withdrawal of funds from the accounts are: bank transfer, credit card (the most important as VISA and Mastercard), Skrill, Neteller and WebMoney. 

Deposits can be made in USD, EUR and GBP. Optiontrade does not charge for deposits.


Main Broker Offers

This broker offers various promotions such as a welcome bonus of up to 100% for new customers who open an account and deposit funds. Other promotions include risk free trades, a bonus program for VIP clients and other.

Company OptionTrade
Minimum account size 100 US Dollars or euros.
Minimum transaction size 5 US Dollars.
Maximum transaction size 1000 US Dollars.
Link to the website

Optiontrade Website

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