OptionTime Review

OptionTime is a new player in the world of Binary Options, and were founded in late 2013 by Safecap Investments Limited. Safecap Investments Limited is the highly knowledgeable group behind Markets.com and a number of other prolific brokers. This means that OptionTime are regulated and governed by the rules of the Cyprus Securities and Exchange Commission (CySEC). Their registered offices are at Treppides Tower, 6th Floor Kafkasou 9, Aglantzia P.O.Box 26522 CY2112, Nicosia, Cyprus.

Their CySEC license means OptionTime can operate according to the rules set out by the EU-wide, Markets in Financial Instruments Directive (MiFID). This means they can accept traders from throughout Europe but cannot accept traders from the USA or Cyprus. They accept traders from all other regions.

OptionTime are a newer broker, but are backed by a company that has been at the forefront of financial trading since 2008. They are fully regulated, and offer a fantastic trading experience, extremely efficient banking options, highly capable support services and an extensive Education Centre. The experience of the management team shines through in their operations. We truly enjoyed trading at OptionTime. Please read on to find out more about our views on each component that makes up this broker.

Trading Platforms and Features

OptionTime is only available as a web platform at present. This is in no way a weakness, as they use the Keystone Trading Technologies platform, which powers some of the most successful Binary Options brokers available today. The web platform is a feature packed and user-friendly platform.

It requires no downloads or installations, and can be accessed via your browser in seconds. The registration process at OptionTime is also highly streamlined. Simply provide your first and last names, your email and phone number, then click “Start Trading”. It’s that simple.

Once you have access to the platform, you will be presented with over 180 assets, including currencies, commodities, stocks and indices. The most popular assets in each area are present, including EUR/USD, Crude Oil, Apple, and NASDAQ. The platform is intuitive and user-friendly, and was developed for traders of all levels. Novice traders are invited to use all available instruments, however we advise you to begin with the well known Classic Time (High/Low) and Speed Trading instruments (with expiries of 60, 90 and 120 seconds). Once you are up to speed on these (pardon the pun), move onto the more advanced instruments and strategies.

Experienced traders will find some features of the trading interface advantageous, for example OptionTime offers advanced trading instruments such as, ProMaster and Touch In Time. ProMaster allows traders to merge technical analysis into binary options by providing highly analytical charts. Traders can then use various techniques such as Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Fibonacci Retracement or Bollinger Bands to aid them with their trading strategies. The Touch In Time instrument is a powerful tool that can be advantageous in a volatile marketplace. The idea for this is straightforward; your broker assigns a price goal. Your chosen asset must then equal or exceed the value assigned during its trading time.

OptionTime offers three more great tools; the Buy Me Out option, the Rollover, and the Double Up. The Buy Me Out tool minimises risk by giving you the option to be bought out of your trade whilst it’s still active. This is available on all major assets until an hour before they expire. The Rollover is available on some assets, and enables you to postpone their expiry time, potentially increasing your payout total by adding a 30% increase on your initial investment amount. A Double Up allows traders to double your investment amount mid-trade, thereby providing a very attractive return on successful trades.

Trading Accounts and Payouts

OptionTime offers traders a demo account once a minimum deposit of $200 has been made. If you’d like to access the demo account feature, simply register and speak with the support team before making your deposit.

Traders looking for one of the highest payouts online can earn up to 500% of your investment amount with OptionTime’s high yield One Touch options. Alternatively, they offer payouts of up to 85%. Once you are ready for a real-money trading account, you are given three account options; The Premium, The Royal and The Exclusive accounts. All accounts come with access to risk management tools, newsroom alerts/updates, and client protection insurance. There are account specific bonuses and other perks available. We’ve described these in greater detail below.

• Premium Accounts – A deposit of $200 – $999 will provide traders with a Premium account. This comes with a bonus of up to $250, an account manager, Starter eBook Guide and a 1-on-1 introduction to the platform.
• Royal Accounts – A deposit of $1000 – $4,999 will provide access to the OptionTime Royal account. This account comes with a bonus of up to $500, a professional account manager, Starter and Advanced eBook Guides and up to 3 hours of 1-on-1 training each month.
• Exclusive Accounts – Deposits of $5,000 and above will provide access to the Exclusive account. This comes with the premium bonus of up to $2,500, a specialist account manager, Starter and Advanced eBook Guides, Unlimited 1-on-1 training, off trading hours assistance and access to exclusive trading reports and SMS signals.

Please note that terms and conditions apply to all bonuses, including a 40 x turnover requirement. Please check with the OptionTime support team at time of registration for an update on terms.

Banking

OptionTime offer a number of banking options, as only a regulated broker can. This makes the process of deposits and withdrawals quick and hassle free. We advice you verify your account upon registration by sending the required documentation. You will then be able to enjoy their free withdrawals without issue.

• Deposit – Traders can make Credit/Debit Card deposits via Visa, Mastercard. Traders looking to fund their accounts with ewallets may use Skrill, Neteller and WebMoney. Traders transferring larger amounts can minimise transfer fees and conversion costs by transferring funds in your local currency using Fast Bank Transfer. Credit and Debit cards will provide instant access, whereas Electronic payments and Fast Bank Transfer may take up to 2 business days to be processed.
• Withdrawals – Withdrawing funds could not be easier. Simply click on the “Withdraw Funds” option, fill in the amount and submit. Approval takes 48 hours (24 hours for VIP accounts), and once approved, your funds will be send to the same bank, credit card or other source that was used to deposit into your account. These funds will take no more than 7 business days at the very most to reach you. Please note that there are no fees, however to qualify for this, the minimum you may withdraw by cards is $10. Bank Transfers require a minimum withdrawal amount of $100 and there is no minimum withdrawal limit for ewallets.

Support

As you would expect from a broker that is owned by a world-leader in the world of online finance, the support services offered at OptionTime are highly accessible and extensive. They offer support in English, Spanish, French, Italian, German and Russian, even though they only offer trading accounts in USD, GBP and EUR.

You may reach the support teams via email, telephone, and their Livechat services. The email address is a general support inbox and can take up to 48 hours to receive a response. The telephone services however, are by far one of the most extensive that we’ve experienced. They offer Toll-Free and Local-Rate phone numbers for a number of their popular territories. The Livechat services are available 24/5 (weekdays), and this team are also competent at dealing with most issues.

Worthy of note at this point are the Education Centre, various levels of account managers and 1-on-1 training offered by OptionTime. The Education Centre is extensive, and includes sections on market indicators and terminology. It also provides access to a video library ranging from basic to

advanced courses, and regular webinars. The account managers are on-hand at all times to assist you with your trades, and the 1-on-1 training is a truly valuable resource.

Why Trade at OptionTime?

The only two items that makes this incredible broker lose points; the lack of availability to US traders, and some frustrations we had when speaking with their night time Livechat support team. There are however, a number of positive features worth mentioning at OptionTime. They are regulated, they offer over 180 assets, they have a number of basic and advanced trading instruments and tools, and they provide excellent tools for conducting a technical analysis. They even have multiple deposit and withdrawal options, what’s not to like?!

The broker platform was specifically built to appeal to traders of all levels, and offers novice traders or those with only a very basic understanding of trading with access to account managers and a Trading Academy. More experienced traders will find the advanced trading instruments, analytical tools and high yield options very attractive. All of this is in addition to a highly capable support team. In short, we have absolutely no hesitation in recommending OptionTime as a “TradersAsset Preferred Broker”.