Broker Freestyle Options reviews and review of the trading platform

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Broker ExpertOption

Broker rating

ExpertOption – another broker among the young companies, offering binary options trading services. The company is registered in 2020 in Great Britain, but there is still no information whether it will get the British FCA license or not this year. But the license of Russian regulator CROFR was issued long ago and is still active.

Partially the product is similar to those that the young brokers have, that were registered 1-2 years ago:

  • emphasis on the trading platform and its features, functionality (ExpertOption has proprietary trading platform with high execution speed);
  • a fairly broad set of classic options and assets;
  • low threshold for entrance into trade with the aim of attracting potential clients.

Advantages of trading conditions of ExpertOption:

  • free demo account (part of functions are limited, access to statistics is denied);
  • profitability up to 95% from the transaction;
  • more than 180 of available assets;
  • minimum deposit – 10 USD (or 500 RUR), minimum stake – 1 USD.

There is a tutorial block of trading recommendations for the beginners. For real traders ExpertOption offers 5 types of accounts depending on the deposit. Minimum deposit (in rubles) is 500 RUR, maximum 200 000 RUR.

Variants of options are rather limited from ExpertOption: so far only the classic quick options with the expiration time from 1 to 3 minutes are available for the investor. Soon the long-term options (24 hours and 1 week) should appear.

The main feature of deals from ExpertOption is that the broker provides, in some cases, a refund of 30-50% of the investment in case of wrong prediction, whereas other brokers in most cases do not return the money, calling it a loss of the investor. However, 30% are returned when with Silver status, 50% with Vip status.

Piculiarities of ExpertOption trading platform:

  • easy visualization of trade: the graphs in the form of American bars, Japanese candlesticks, linear method;
  • it is possible to put three popular indicators: moving averages, Bollinger bands, alligator;
  • convenient interface and changeable number of Windows (for example, it is possible to work with 4 independent options).

After you tried the free demo account, where 1000 points are offered for the experiment, we offer to try your forces on real trading. Quotes for any asset are displayed in ExpertOption trading platform in real time if the real account is opened (the quotes provider is Claws&Horns). To register: enter contact information, confirm email address, add fungs at “Finances” section. Depending on the Deposit amount a trader can be assigned various status that determines the amount of bonuses offered by the broker.

  • Important: the bonuses provided by ExpertOption, must be worked out in consequence. Therefore, we strongly recommend that before you accept the bonus, contact the Manager and clarify what it will require in the future.

Trading platform has the function of copying the trading (social trading). Although it is difficult to surprise, however, each terminal has its approach to this function. How to manage the service “Social trading”:

  • choose trades on the sidebar whose transactions are showing the highest yield;
  • track transactions for multiple traders;
  • copy their trades.

Remember that the speed in making a decision is important in short-term trades! And the trade copied from the successful trader with a delay of 30 seconds on the contrary could be wrong.

Replenishment is possible via a popular e-wallets, and Bank cards of international payment systems. Deposit currency is US dollar and Russian ruble. Withdrawal of funds is carried out within 3 days. For verification data a passport scan and scan of the card on which money can be withdrawn can be required.

To sum up: ExpertOption is gaining its weight in the market of binary options. Some of the benefits of the broker are obvious: the minimum rates, small deposit, expedited withdrawals. However, in order to feel the real difference of ExpertOption from other brokers, you need to try to work with him. We are sure that you will certainly find something interesting in it.

ExpertOption – reliable broker for good income!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

OlympTrade Broker Review 2020

OlympTrade is a broker with a variety of tempting fixed time trades and excellent trading platform. According to the broker, there are over 370 thousands traders that are registered with OlympTrade. In our OlympTrade review, we will talk about the quality of their services and most important facts that are crucial for traders before they register and start trading. During our OlympTrade review, we have acknowledged that broker is a FinaCom member.

OlympTrade broker is a broker that allows low minimum deposit of just $10 and traders can place minimum investment of $1. According to the broker, the maximum payout is 80% which is considered to be industry average. Read more about trading accounts, banking information and customer support in our OlympTrade review below.

OlympTrade Account Features

Unlike many other brokerage companies, OlympTrade review discovered that broker doesn’t provide more trading accounts to choose from. OlympTrade considers all traders need to have the same chances that might lead to success in trading fixed time trades. From our perspective, this sounds like a very democratic decision and besides that, it also enables a clear overview of fixed time trades for their clients.

As we have already mentioned, OlympTrade starts with only $10 minimum deposit which is another indicator that enables every trader to have the opportunity to start investing in fixed time trades. The usual minimum deposit for other brokers goes between $200 and $250 which could potentially reject traders that have no trading experience. Because of this fact, OlympTrade might be an excellent place for binary newbies too.

In our OlympTrade review, we have ascertained that traders can start investing from just $1 and they have the option to choose between EUR and USD. Some brokers don’t allow the option to choose the investment currency, which is another benefit of this broker. It might be important to mention that once the currency is chosen it cannot be changed afterward.

While we were researching the OlympTrade services we have found this broker provides a vast amount of very important features that will help traders in their trading process. The broker doesn’t just allow traders to deposit and trade, they have developed very useful and friendly analytics tools, account manager support and access to financial markets. Besides that OlympTrade traders have the opportunity to get free education materials, but we will talk about that a bit later.

Since there is no option to trade with the different trading account, the OlympTrade review has found there is an option to trade with OlympTrade demo account. Of course, OlympTrade demo account is only available for traders that register with OlympTrade first.

According to the OlympTrade, demo account is filled with 10.000 of virtual funds and it is equipped with complete set of trading tools like real OlympTrade account. A demo account allows traders to test their trading abilities before they start placing trades with real money. OlympTrade review found that demo account allows trading without any investments. According to the OlympTrade support manager, a demo account is available that moment when traders register with broker. There is no need to make a first deposit in order to activate demo account. We are sure many traders will like this decision because most brokers activated demo accounts after traders make a deposit.

Our OlympTrade review found that traders are welcomed with $10 initial bonus after they make a deposit with OlympTrade. Besides a welcome bonus traders can activate other on pay bonuses and promo code bonuses.

OlympTrade Trading Software

While we were doing the OlympTrade review we have also analyzed the fixed time trades that are offered and which trading platform is integrated with this broker. According to the OlympTrade, they have implemented a famous Proprietary platform which will give traders a variety of underlying assets to trade with.

OlympTrade review found that traders can choose to trade with standard High/Low fixed time trades.

Besides that, OlympTrade offered traders to choose between several trading intervals:

  • 3 – 5 minutes
  • 10 minutes
  • 30 minutes
  • One hour
  • One day

We could say that OlympTrade focuses on short-term trading where traders are accepting to trade with higher risk, but with higher profit rates too.

OlympTrade platform is simple and easy to handle with. The menu is placed on the upper part of the platform where prices are positioned vertically. Traders can choose preferred visibility of their trading platform so charts can be either in the form of the line or they could look like colored rectangles.

Below the price scale, the interface allows traders to choose preferred time period. We like that traders can change the appearance of the platform according to their own preferences. The platform also allows traders to select technical analysis option with the opportunity to impose the line indicator.

The bottom part of OlympTrade platform shows all trades that have been placed in the past. This way traders have a great overview of their trading portfolio and history. History is often used for making plans and future strategies so it is very important to use this information too.

OlympTrade review also found out that broker provides mobile applications for iOS and Android. Most of the brokers have decided to cover mobile trading since traders want to track their performance while they are on the go. OlympTrade app let traders track, place and monitor all current trades.

We have to say that browsing through OlympTrade website was a great experience. The site is simple and it welcomes traders with a lot of useful information. The menu is positioned in the upper part of the site with information about the regulation and company. Terms and conditions

OlympTrade Support Information

No matter that OlympTrade is not regulated by CySEC or similar regulators, our OlympTrade review found out that broker takes a lot of care when we speak about their customer support. We couldn’t found any difference between OlympTrade and other regulated brokers. In fixed time trades trading, it is very important to have the access to high-quality customer support agents. Traders usually need to find out necessary information about payments, promotions and available fixed time trades.

The research we conducted for our OlympTrade review discovered that OlympTrade provides several options for customer support. Traders can reach them via phone, live chat, contact form and email. During writing our OlympTrade review we have tested their live chat support and we were very satisfied with their service. The agent we have talked with wasn’t pushing us to open their account, he politely answered all our questions and wished us a good day.

When we speak about the website, traders can choose among several languages, according to their preferences. OlympTrade website is reachable in:

When we speak about the education, OlympTrade has made incredible work in this section. We have found various education materials about fixed time trades . The materials include webinars, educational videos, introduction to their platform, trading strategies, ebooks and guides with a lot of explanations. We loved this part in our OlympTrade review because we think education of traders is very important.

11 Best Options Trading Brokers and Platforms of April 2020

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

The best options brokers offer low options contract fees, quality trading tools, an abundance of high-quality research and the customer service necessary to support everyone from beginner investors to advanced traders.

While most of the brokers on our list of best brokers for stock trading would be a good pick for options as well, this list highlights brokers that excel in areas that matter most to options traders. Many of the below brokers also appear on our list of best online trading platforms for day trading.

Unsure what you’re looking for? See our post on how to choose an options broker and our options 101 guide for more on what can make or break an options trading experience.

on E*TRADE’s website

E*TRADE

cash credit with a qualifying deposit or transfer

on E*TRADE’s website

cash credit with a qualifying deposit or transfer

Large investment selection.

Excellent customer support.

Access to extensive research.

Advanced mobile app.

Commission-free stock, options and ETF trades.

Website can be difficult to navigate.

on TD Ameritrade’s website

TD Ameritrade

cash credit with qualifying deposit

on TD Ameritrade’s website

cash credit with qualifying deposit

Commission-free stock, ETF and options trades.

High-quality trading platforms.

No account minimum.

Good customer support.

Large investment selection.

Costly broker-assisted trades.

on Interactive Brokers’s website

Interactive Brokers IBKR Lite

No promotion available at this time

on Interactive Brokers’s website

No promotion available at this time

Large investment selection.

Strong research and tools.

Over 4,300 no-transaction-fee mutual funds.

NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.

Website is difficult to navigate.

Inactivity fees on IBKR Pro.

on Robinhood’s website

Robinhood

no promotion available at this time

on Robinhood’s website

no promotion available at this time

No account minimum.

No retirement accounts.

No mutual funds or bonds.

Limited customer support.

on TradeStation’s website

TradeStation

cash credit with a qualifying deposit

on TradeStation’s website

cash credit with a qualifying deposit

High-quality trading platforms.

Commission-free stock, ETF and options trades.

Active trader community.

Free trading on advanced platform requires TS Select.

No transaction-fee-free mutual funds.

Plans and pricing can be confusing.

Merrill Edge

cash credit with qualifying deposit

cash credit with qualifying deposit

Robust third-party research.

Integrated with Bank of America.

Advanced traders may find fewer securities on offer.

Want to compare more options? Here are our other top picks:

Summary of Best Options Trading Brokers and Platforms of April 2020

on E*TRADE’s website

cash credit with a qualifying deposit or transfer

on E*TRADE’s website

on TD Ameritrade’s website

cash credit with qualifying deposit

on TD Ameritrade’s website

Interactive Brokers IBKR Lite

on Interactive Brokers’s website

No promotion available at this time

on Interactive Brokers’s website

on Robinhood’s website

no promotion available at this time

on Robinhood’s website

on TradeStation’s website

cash credit with a qualifying deposit

on TradeStation’s website

no promotion available at this time

cash credit with qualifying deposit

in cash bonus with qualifying deposit.

in Transfer Fee Rebates

No promotion at this time

No promotion available at this time

Last updated on April 2, 2020

Methodology

To recap our selections.

NerdWallet’s Best Options Trading Brokers and Platforms of April 2020

About the author

NerdWallet Compare, Inc. NMLS ID# 1617539

California: California Finance Lender loans arranged pursuant to Department of Business Oversight Finance Lenders License #60DBO-74812.

Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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