|CTOption still accepts US traders and is one of the best US brokers with a high payout.
|Promo: New Traders Get Risk Free Trades||» SIGN UP NOW|
CTOption Binary Broker Review
CTOption is a binary options broker that was founded and is owned by a team of professional financial analysts in Gibraltar. It was started in 2013, making it one of the newest entrants into the binary broker field. This doesn’t have an impact on its popularity though: the company is one of the highest rated among traders everywhere.
From its amazing deposit rates to its wide asset range and easy platform, CTOption has captured the hearts of the traders it works with. To find out if it is really a broker that is worth investing in, here is an in-depth review of the broker.
Account Type, Bonuses and Special Features
There are 3 main account types for traders. The type of account you have is determined by the initial deposit you make. For $250-400, the Mini account is given. For investments of $500-999, the Standard account is used. For executive high rollers and companies, the Executive account with an initial deposit of $10,000+ is preferred.
Over 140 different types of assets are available at CTOption. The variety is also large, with traders getting a choice between stocks, indices, commodities and even Forex trading. Hyper options are one of the more unqiue types of options available at this broker.
These are extremely short term options that can expire in as little as 30 seconds. They can be used by the more experienced traders to take advantage of volatile markets.
Other options include the traditional High/Low option type, which has an expiry time that ranges from a few minutes to a few weeks. These are the most common types, and are the best for beginners to the trading game. There are also the Touch and Range options. These are of medium class in the expiry time period. The options expire in a matter of hours and are perfect for once-in-a-blue-moon market events.
The minimum deposit at CTOption is a low $250 (US). Some of the best features of the platform include the great welcome bonuses as well as the free demo and practice accounts. These are great for traders who want to get used to the platform before going ahead and using their real money on trades.
Security and Licensing
At present, the broker is not licensed by any of the major financial regulatory commissions, including the CySEC in Cyprus. For this reason they are able to offer services for traders from the US. According the last report from the company, an application has been made for a trading and brokerage license to be issued to them.
Trading Platform Review
The trading platform for CTOption is developed by one of the top names in binary options trading platforms – Panda TS. It is a very easy to learn, well-made platform that is very practical indeed. The platform has quite a few special features. One of these is the Binary Replicator system.
This is a type of social trading that is unique to this broker. Using this system, traders are able to take a look at trade performance over time indefinitely. Different filters can be applied, and trades can be looked at in real time. With this feature, traders can also pick their favorite trader to follow, and then be notified of all their trades for a certain time period.
While checking out CTOption’s platform, we also found that traders are provided with simple, yet sophisticated trading signal options. This means that you could select a signal and watch for it when you want to.
While most brokers require you to monitor the signal manually, the CTOption system allows you to configure it so that you are automatically invested in the trade when the signal is activated. This means that you don’t have to do any work, as the signal will make the trade for you even if you aren’t able to do it yourself.
Deposit & Withdrawal
CTOption offers a number of ways to deposit and withdraw money from your trading account. These include bank transfers, credit cards, Neteller, Skrill and more. All transactions are secured with STP encryption. Withdrawals are quick, and usually come through in a couple of working days.
Overall, CTOption is definitely one of the better platforms we have checked out. It is a wonderful pick for both beginners and pros alike. Some people might find the lack of licensing troubling, but they are still a very reliable broker. The icing on the cake: they accept traders in the US!