CToption is a US friendly binary options broker, owned by InfiniCore LTD and Ninety Nine Innovation LTD, both having offices in London and the companies being registered in Saint Vincent and Anguilla.
This company was established in 2010 and is being run by experienced trading and financial experts. CToption is one of the best brokers for US and Canada traders, but all other countries are accepted as well. When you take a look at their website, you will see a very professional design, with all information you need to know about the broker and the layout is very intuitive.
This broker is very different from the other one because it’s not powered by SpotOptions or Tradologic but the Panda TS/MT4 trading platform. This means that you will have an entirely different experience with this broker, but not in a negative way.
The Panda TS platform has been around for some time now (since 2006) and provides quality solutions. In fact, Panda TS is the leading forex software and it’s very easy to use.
This broker is one of the few that supports automated trading, and of course mobile trading is also available. The robot trading works like this: the bot looks for good investment opportunities among the 100+ assets that CT Options has to offer, and notifies the trades once a good opportunity is found. THe offer a mobile trading app that works on both platforms: Android and iOS.
Account Types and Bonuses
There are four types of trading contact types on Ctoption: High/Low, One Touch, Range, Hyper
The broker has three account types: mini, standard and executive. The mini account is the most popular because it requires a minimum deposit of only $250. The standard account is available to all traders, who deposit at least $1500 and the executive account is for the big traders, who are willing to invest $5000 or more.
In addition to these three main account types there is also an Islamic trading account for Muslim traders where you can trade in accordance with the Sharia Law. CToption also offers free demo accounts as well, where you can test your binary options trading strategies before investing real money.
It doesn’t matter which account you choose, you will get a welcome bonus, 24/7 support, Replicator Pro Trial Account, economic calendar and online education package with all of them.
You will find many resources in the education section of their website. There are guides, strategies, an ebook, basic and advanced courses available here. The basic course includes: introduction to binary options, trading psychology, financial management and market analysis. If you are new to binary options, you should definitely check these out. The advanced courses include: winning tactic, basic technical analysis, advanced technical analysis.
Is CToption a scam?
NO, CToption is not a scam. The broker has been around for years and has many happy customers. We checked other reviews on different websites and forums, and CToption has a great reputation in the community. As with all other brokers, you should avoid taking a bonus, or at least read the terms and conditions before doing so. Or even better, talk to your account manager about the conditions.
Deposits and Withdrawals
Deposits and payouts are very easy on CToption. The minimum deposit is only $250, which is industry standard and the minimum withdrawal is $100. You can make instant deposits with a credit/debit card or e-wallet, but you will have to wait a few days if you choose bank wire as payment method. You can use USD, GBP and EUR, when making your deposits and withdrawals. Ctoptions is one of the fastest companies when processing withdrawals. It should take 24h, depending on the payment method. For ewallets it’s even less: 2hours.
You can use any of these credit cards: Visa, Visa Electron, MasterCard, Delta, Diners, Maestro, Switch and Solo.
CToption accepts following ewallets: Skrill (Moneybookers), Paysafe, Giropay, Webmoney, UKash, CashU, Sofort, BPay, Ideal, Teleingreso, EuTeller, Boleto, LaCaixa Linea Abierta, MisterCash, Poli and many more. There are more then 80 payment methods available.
All traders can take advantage of one free withdrawal each month, which means that CToption won’t charge any fees on your first withdrawal. The second withdrawal will cost you $30-$50 which is acceptable. Pending withdrawal requests can be cancelled if they have not been processed yet, and the money will then return to your account.
This broker offers high payouts of up to 90% and the minimum trade is as low as $5. There is also an out of money refund of 0-15%.
Account and Payment Security
CTOption payments are managed by DBS Bank LTD, a bank incorporated in Singapore that was established in 1968. This bank is trusted and highly rated by international rating agencies (the rating is AA-). The payments are secured by SSL encryption, which are considered very reliable and safe.
Even though most brokers are CySec regulated, CTOption decided to take a different approach. Ctoption is managed by the Financial Conduct Authority (FCA) with ref. 517227, and this way they can accept US players as well.
Assets and Expiry
Ctoption has a very good list of over 100 assets including stocks, indices, currencies and commodities. The expiry is also very good especially for short term traders. The only downside is that the Asian market assets are missing.
CT Option Binary Replicator
Another unique feature of CToption is their Binary Replicator. This is not an autotrader, even though many traders think so. What is does is, it replicates the trades of other traders. On their replicator page, you can see a list with the traders that you can follow. You will be the one, who decides which trader you want to follow. I would recommend you pick only traders that are above 75% win ratio otherwise you risk losing your money fast. This feature does not guarantee that you will make money, because you have to pick the right traders carefully.
It’s very important to check what trades these people are doing. Maybe they get lucky and their win ratio goes up, you follow them and then they lose the next trades. You should always check these traders, and remove them from your list. On the other side you could also remove good traders who just happen to have a few unlucky trades. You should be patient and consistent with the CToption binary replicator.
The CToption support is very friendly and is available 24/7 in following languages: English, Spanish, German and Arabic. There are many ways to contact the ct option support: live chat, email (firstname.lastname@example.org or Account management: email@example.com) and phone. The international numbers are +44-203-519-2322 (UK), +33 (170) 614 147 (France), +97 31619 9332 (Bahrain).
Is ctoption a good binary broker?
Yes, CToption is definitely a good binary options broker, especially for US and Canadian traders. In this CToption review when have found out that this broker has everything a trader should be looking for: a great trading platform, great support team and a good payout structure. There are no CToption complaints and you can even test the broker by signing up for a demo account.