OptionTime is an online-based Binary Options trading broker and it was established in 2013 and is still considered as a new-kid-on-the-block. This broker begun its operations with Keystone platform and it is regulated with CySEC and FCA through Safecaps Investments (owned by Markets.com a well-established FOREX broker).
Why is OptionTime Bad?
There is really nothing bad about OptionTime, except maybe for the fact that it has not been operating for many years like other Binary Options brokers out there. And probably some traders will consider the minimum trading deposit of $200 a bit high.
Why is OptionTime Good?
Since OptionTime is backed up by reputable trading brands like Safecaps Investment and Markets.com, it can only be a good online broker. Add the fact that it is based on one of the best platforms in the Binary Options trading industry; the Keystone platform.
A Full Review on OptionTime
To start trading with OptionTime, you need to create an account. The registration form is displayed on the homepage and all you need to do is to fill in the blank spaces with the needed information (first name, last name, email address and phone number). Click Start Trading and your registration will go through validation.
Traders are required to make deposits before they can start trading. The minimum deposit is $200 and this is considered mid-range. Of course, there are brokers that require lower deposits, but there are also those that require more. So, basically, OptionTime’s minimum deposit requirement is quite sensible. After all, a trader that is serious about their trading adventures will surely consider making higher deposits than the minimum requirement.
There are three levels of accounts a trader can choose from and the benefits and features that can be accessed are based on the account type chosen. The first type is the Premium account that requires a minimum deposit of $200 and offers access to 30 percent welcome bonus, account manager, started guide eBook, basic one-on-one training, risk management tools, web/mobile platforms, eVideo, alerts and updates, and investor compensation fund. The second type is the Royal account for a minimum deposit of $1000 and offers access to everything that the Premium account offers with the upgrade to 50 percent welcome bonus, professional account manager and professional one-on-one training. The highest account type is called Exclusive and for a minimum deposit of $5000, you get the upgrade to 100 percent welcome bonus, specialist account manager and expert one-on-one training, plus the additional benefits of SMS trading signals, trading reports and off-trading hours assistance.
OptionTime also offers a wide variety of trading options like One Touch, Classic Time, Speed Trading, Pro Master and Touch in Time. There are also 180 tradable assets to choose from. These include currency pairs, leading stocks, commodities and indices.
When it comes to payouts, OptionTime has been found to be reliable on this aspect. Traders’ trade to earn money and this broker makes that a good possibility. With a payout of up to 85 percent, OptionTime traders are definitely rewarded well for every successful trade.
Withdrawal processing is one aspect that OptionTime also takes pride into. Though withdrawal time is usually dependent on the preferred withdrawal method, OptionTime ensures that the each withdrawal is processed within the expected length of time. Traders can deposit and withdraw through five methods; wire transfer, credit card, Webmoney, Neteller and Skrill.
Every online trading broker provides customer support and OptionTime’s support team is something that can be truly relied on. If a trader ever has inquiries, they can expect a fast response from customer support. The questions are answered straight-to-the point and you can also expect the representative to be focused on your issues and they will try their best to provide you with the best solutions.
Is OptionTime a Scam?
With all the great features and tools offered by OptionTime, as well as the names backing it up, it can only be concluded that it is not a scam. Everything is transparent and the traders are provided with the benefits that are based on their choice of account type. This means that if you want more benefits and a bigger bonus, you should consider making a bigger deposit so that you have the Exclusive OptionTime account type.