Another interesting and promising entry into the online retail binary options trading world is OptionTime, which is the new addition in the family of Safecap Investments owned brands. Safecap is an established company in the field which manages several brands from its Cyprus headquarters. It also holds a license by the Cypriot regulator CySEC with number 092/08 and it is therefore a fully EU-regulated broker. Consequently, traders using OptionTime can enjoy the added safety of being protected by the Cypriot investor compensation fund which covers compensation up to €20,000 for trader in case their broker becomes insolvent.
To take advantage of our exclusive bonus, simply open an account on OptionTime by clicking on the link above. Our bonus offer will be automatically acquired.
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Trading Platform and Features
The trading platform used by OptionTime is actually built by the parent company Safecap and it can be said to be much better than the typical platforms used by other binary options white labels. In actual fact, this specific platform is a derivative of the platform used by Markets.com in the forex trading industry and as such it can boast of constituting a total solution for traders featuring numerous tools that are not commonplace in the binary options trading industry. Besides its online version, the platform is also available as a mobile version for those traders wishing to trade through their Smartphones and also justifying the broker’s slogan: “Trade around the clock.”
Besides offering certain time tested features such as “Buy Me Out” and “Rollover” OptionTime’s trading platform also puts at the disposal of traders certain unique features not present on other competitive platforms, such as various technical indicators (e.g. Bollinger Bands, Fibonacci, MACD and RSI) as well as the associated trading strategies.
Trading Types
Currently, OptionTime offers traders the opportunity to choose between 5 different types of trading binary options, as follows:
Classic Time
With this type of trading traders just need to decide whether the price of an asset will go up (Call) or down (Put).
Pro Master
This type of trading allows for the building of a trade though combining technical analysis together with access to numerous technical indicators.
Speed Trading
This type is characterised by its fast paced trading action and can lead to instant profits (or losses) through a choice of 60 seconds, 90 seconds and 120 seconds expiry times.
One Touch
When selecting this trading type, traders must choose a target price and if their prediction comes true, they can anticipate rewards up to 500%. Highly lucrative, but at an increased risk level.
Touch in Time
See if the price movements will ‘touch’ or exceed the price you have assigned to your broker before the expiry of the option.
Trading Accounts
OptionTiime offers traders the opportunity to choose between three types of accounts according to which best suits their needs and also depending on the amount of minimum initial deposit they are prepared to commit. The account types available are:
Premium Account requiring $100 as Minimum Deposit
Royal Account requiring $1000 as Minimum Deposit
Exclusive Account requiring $5000 as Minimum Deposit
Payout Ratio and Bonuses
The average pay out that a trader can expect to receive when trading via OptionTime is up to 80%. However, if one wishes to aim at higher yields, then they can choose to trade using the “One Touch” trading type which could generate up to 500% in returns.
In terms of bonuses Option Time is quite generous since they offer a 100% welcome bonus on all the first time deposits made by clients, however the maximum amount that this could reach depends on the trading account type that each trader chooses to sign up to. The signing up consist of a simple 4 step process requiring traders to complete a registration form, verify the information submitted, make an initial deposit and then start trading.
Asset Index
The tradable assets index currently offered to traders by OptionTime numbers over 180 assets across all the four major asset categories, i.e. forex currency pairs, stocks, indices and commodities. Although this is not an exhaustive list and it could perhaps benefit from a further enrichment, it is definitely more than adequate and potential traders will surely find an asset to trade on that suits their needs and requirements.
Deposits and Withdrawals
Since OptionTime is a regulated binary options broker, it adheres to strict money handling regulations. The available payment methods include all major Credit and Debit Cards, as well as Webmoney, Skrill Moneybookers, Neteller and other e-wallet solutions. The minimum deposit required to open an account with OptionTime is $100. As a general rule withdrawals are executed in a hassle free manner and OptionTime strives to have them completed within 48 hours. Moreover, holders of more premium accounts can expect to get their withdrawal requests completed within only 24 hours.
Educational tools and Customer Support
The Education Center of Option Time’s website is the broker’s online training area offering various educational tools such as ebooks, while it also includes economic calendars, streaming news and daily and weekly reports containing the latest market updates.
OptionTime’s site is available in English, Spanish, French, Italian, German and Russian. Customer support is available in 9 different locations worldwide via toll free numbers, while an additional 12 locations are serviced through regular local numbers. Moreover, traders can also easily contact the customer service department via e-mail with all their queries. Furthermore, there is a live chat support option but this is available only to registered users. In general, customer support services are available round the clock on working days, i.e. on a 24/5 basis.
Conclusion
OptionTime might be a newcomer on the binary options scene but it has the backing of a long established financial trading company added to the fact that it is an EU regulated broker, offering clients the added safety of segregated accounts and an investors’ compensation scheme. Its innovative and intuitive platform as well as its exclusive trading features make it an attractive choice for all traders wishing to start trading binary options. Although some areas for improvement still remain, the future looks promising for this new binary options broker.
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