CTOption Review – Can you trust this binary broker

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!

IQ Option Broker Review

There do not appear to be any bonuses offered by IQ Option to its clients, this broker does, however, offer a VIP account with some extra perks and advantages. Their trading software is advanced yet intuitive enough to be accessed by novice traders, and their customer support is impressive, operating 24/7. There are, however, a very limited range of options to select from with only around 20 available.

Review Overview

Bonuses – 40%
Software – 90%
Customer Support – 90%
Options Choice – 60%

Good quality broker

Summary : Trusted broker

Intro

IQ Option is a rapidly growing online binary options broker that offers many excellent features for its clients. An especially good choice for novice traders, this broker offers incredibly low minimum deposits as well as some excellent educational resources and the opportunity to experiment with the platform thanks to a free of charge demo account.

Company Information

Established in 2020, IQ Option is a CySEC licensed and regulated broker offering its clients complete peace of mind thanks to segregated client accounts. With profitability levels of up to 90%, this reliable broker has won numerous awards for its quality of service including those for best mobile platform, fastest growing binary options brand and best binary options broker. Today this broker boasts over 14 million client accounts, however unfortunately, clients from the USA are not accepted.

Assets Available

IQOptions only offers around 70 assets which is quite limited when compared to many rival brokers on the market.

Their list of assets includes:

Bonuses & VIP programs

Although IQ Option do not seem to offer any welcome bonuses for new clients or promotions for existing customers, there is a VIP account available for high level clients. VIP clients can benefit from access to VIP tournaments as well as 5% high yield assets, a personal account manager and access to locked VIP access only educational resources.

Mobile

IQ Option have provided online trading software which is 100% web based and therefore there is no need to download or install any memory intensive programmes to a PC or laptop. The trading interface can be accessed from any place and at any time from any internet enabled device. However, to further facilitate trading on the move, IQ Option have developed a free of charge mobile app for Android devices which can be downloaded from the Google Play Store and for iOS devices which can be downloaded from the Apple Store. This advanced mobile app allows access to all assets from the palm of your hand as well as convenient access to all trading platform features.

Deposits and Withdrawals

There are plenty of convenient banking options available from IQ Option allowing clients to easily deposit funds into their account or withdraw money with ease. The available methods include:

  • Visa
  • Visa Electron
  • MasterCard
  • Maestro
  • Bank Wire Transfer
  • Neteller
  • Skrill
  • Webmoney
  • Moneybookers
  • Giropay
  • Sofort

The minimum deposit amount to open an IQ Option account is extremely low at just $10 and no commissions or fees are charged on any deposit or withdrawal except those carried out via bank transfer.

Funds can be withdrawn quickly and easily via the client account portal and withdrawals are processed within 24 hours Minimum withdrawals are as low as $2 and the maximum withdrawal amount $1,000,000 per day.

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!

Customer Support

IQ Option are committed to offering high quality customer support, and therefore they have 24/7 access for clients to their customer service team. The support centre can be contacted at any time via email or alternatively through one of the many multilingual telephone support lines which are based in the following countries:

  • UK
  • Australia
  • Russia
  • Brazil
  • Portugal
  • France
  • Germany
  • Singapore
  • Spain
  • Italy
  • India
  • Thailand
  • South Africa
  • Austria

There is also a helpful frequently asked questions section on the website which offers instant responses to all of the most commonly posed questions.

Extra Features and Resources

IQ Option offers a number of high quality educational resources to benefit its clients. These include video tutorials on a range of helpful subjects to increase traders’ subject knowledge and to boost their chances of trading success. IQ Option also offers clients the opportunity to open a free of charge demo account to allow them to experiment with the trading platform and to try out new strategies without any personal financial risk. VIP clients can also benefit from a number of locked educational resources which are only available for high level traders.

Verdict

IQ Option is a forward thinking broker which has a lot to offer potential clients, whether they are a high level VIP client or a brand new trader. There are, however, some negative points to bear in mind when considering choosing this broker.

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • 24/7 customer support via email and telephone
  • Multilingual support
  • Choice of convenient deposit methods including popular e-Wallets
  • Fast processing of withdrawals
  • Mobile app for Android and iOS devices allowing trading on the go
  • Very low minimum deposit of just $10
  • Very low minimum withdrawal amounts
  • VIP account for high volume traders with excellent benefits
  • Free educational resources
  • Extra educational resources for VIP clients
  • CySEC regulated and licensed broker for peace of mind
  • Award winning reliable broker
  • Opportunities to take part in trading tournaments
  • Free demonstration accounts
  • Limited range of available assets
  • Does not accept USA clients
  • No bonuses available for new or existing clients

I am new to binary options trading, is IQ Option a good choice for me?

If you are brand new to binary options trading, IQ Option represents an excellent choice of broker for you. When compared to most other brokers, IQ Option require an extremely low minimum deposit of just $10, and this makes trading accessible to even the newest of investors. Trades begin at just $1 too, and this means that novices are able to control their risk when participating in their first few trades. As IQ Option also offers free access to a demo account, this allows potential novice traders to try out the trading platform free of charge and to learn the basics of binary options trading without any risk to their own money. There are also free educational resources available through this broker which allow novices to learn more about the basics of investment and to develop a further knowledge that will enable them to further their success.

Can I get support whenever I need it from this broker?

IQ Option are committed to providing a high level of customer service to its clients, and to that end they have a 24/7 customer support team that can provide knowledgeable advice and rapid assistance. Although there are no instant contact methods like Skype or Live Chat, the telephone helplines are open 24 hours a day, 7 days a week and are located around the world, offering multilingual support to suit the needs of global clients.

Is my money safe with IQ Option?

Clients who have concerns over the safety of their funds need not worry when they choose IQ Option as their preferred binary options broker. As they are licensed and regulated by CySEC, clients can have complete peace of mind. All client funds are kept in segregated accounts and all financial transactions carried out through the broker’s website are protected by strong, technologically advanced SSL encryption.

Can I use e-Wallet methods to deposit funds with IQ Option?

IQ Option offers a number of convenient deposit and withdrawal methods for the benefit of its clients, whatever their payment preferences. For those who prefer more traditional options, they can choose from bank wire transfers, credit or debit cards. Those who prefer contemporary e-Wallet methods, however, have the option of choosing to use Neteller, Skrill, Webmoney or Sofort.

Can I trade with IQ Option using a mobile device?

As all of IQ Option binary options trading software is 100% web based, it can be access at any time, in any place from any internet enabled device without the need for installations or downloads. However, to facilitate trading on the go, this broker has also developed a free Android and iOS mobile app which offers seamless access to trading accounts from smartphones or tablets.

HY Options Review

HY Options is a regulated binary options broker, and a relative newcomer to the world of binary options trading. Its main offices are located in Cyprus, and as such it is regulated by CySEC. HY Options is actually the trading name of a company called HYCM (Europe) Ltd, which was previously known as FTSL (Financial Trading Solutions Ltd). We bring you this HY Options review in order to help with your decision regarding the best binary options broker to use.

There are three options if you’re considering opening an account with HY Options.

  • HY Options
  • Bonus: Up to 100%
  • Regulation: CySEC
  • Mobile: Yes
  • Instruments: Forex, Metals, Stocks,Commodities and Indices
  • Websites: www.hyoptions.com
  • OUT OF BUSINESS
  • HY Options Silver Account – This account requires a minimum deposit of $100. On offer are the services of a personal account manager, introductory training, and access to both Web and mobile platforms.
  • HY Options Gold Account – The minimum deposit for this account is $2,500. Available for traders opening this type of account are a professional account manager, advanced free training, free trading signals, and market reviews.
  • HY Options VIP Account – If a trader has $10,000 or more to invest then this is the option.This account entitles traders to the services of a specialist account manager, professional training, and free trading reports and signals.

You may be wondering whether any of these accounts come with an HY Options bonus. The bad news is that there is currently only one HY Options bonus, and it comes when you start trading and open a VIP account. But the good news is that the welcome bonus is 100%. However, as is often the case with any kind of bonus, there is a sting in the tail. One requirement is that a bonus is only available for withdrawal after trading 40 times the volume of the HY Options bonus value. We therefore advise you to read the bonus terms and conditions on the HY Options binary trading website before making any kind of commitment, because this requirement could be crippling.

HY Options have chosen well for their trading platform.

A core element in the success of HY Options is the versatility of their trading platform. It is easy to navigate and simple to understand, as well as providing a number of cool options for users. This very advanced trading platform offers options such as Up/Down, 60 second and Pairs. It also has features such as Settle Now and Roll Over. There are more than 200 assets to choose from for trading, including the usual stocks, commodities, and indices. There are also a number of more unusual assets such as metals and Forex.

Opening an account is quick and easy, and it is claimed it can be done in less than 5 minutes. In addition, there are advanced charting and technical analysis tools for traders to use when considering their trading strategies.

Well organised and professional support in a variety of languages

Support services offered by HY Options binary trading are very professional, and there are three ways in which investors can contact customer support. There is a dedicated telephone number, a live chat option, and a number of different email addresses depending on your query. Each method appears to be very responsive, with the only drawback being the limited time the lines are open for. Hours of support run from 7.00am to 4.00pm on Mondays to Fridays. There are a number of language options including French, Chinese, Arabic, Russian and English.

Payment methods are safe and secure.

There are a number of ways investors can make withdrawals and deposits, including all the major credit and debit cards, wire transfer, and other local payment methods. All client details are kept safe and secure, as HY Options has adopted a 128-bit encryption key for details and transactions. VeriSign is partnered with HY Options for added security. No third-party transfers are allowed for deposits and withdrawals.

We should also mention in this section of our HY Options review that withdrawals can take up to 10 days to be processed, whereas deposits are almost instantaneous. HY Options claim that this is for the added security of their investors’ funds, and to ensure that all funds are returned safely. The process includes a number of security checks that have to be completed before the withdrawal can be processed. However, they also feel the need to point out that requests are usually processed within 72 hours, and any further delay will be down to individual banks.

All in all, HY Options shows itself to be a worthy competitor in the binary options trading market. It has a lot to offer both new and experienced traders, and many other brokers will struggle to match the level of quality. We were unable to find any serious complaints about this binary options broker, which is definitely great news.

Can You Trust Binary Options Account Managers?

Today I had a really difficult discussion with one of the Binary Today readers and it raised the question “can you trust binary options account managers?

There is no 100% yes or no, but I know I wouldn’t.

I have heard too many horror stories, and this email conversation I had today with one of my readers who will remain unnamed had a very difficult and potentially criminal mishap.

Binary Options Account Management Risk

Reader: Compliments on refreshing insight into BO. I’m a hobby BO trader from Australia and in the last week a UK BO broker, which my trading account is with, convinced me to accelerate my trades by him taking over the account. Having had a working relationship with this broker over the past 3 months and having successfully traded a volume of US$600K from my initial investment of US$40K, I allowed him to jump into my account. In one session he traded my entire account! What remains from my $40K investment is $29.10.

I have had sleepless nights and only blaming myself but still know that there are half-decent, selfless people left in the world. Hopefully through research I have stumbled across a genuine, informative site, binarytoday, that I can pick up the pieces and start to trade again.

I will be saving my pennies and investing in your recommended software and go back to what I did best, which was small but rewarding, and not jump into the shark tank thinking I’m invincible, or the broker for that matter.

As much as I would like to completely rubbish this Broker I really only have myself to blame, sort of! I’m still in partial negotiation with them and hopefully they can deposit a bonus back into my account seeing that they had such a huge trading volume. Surely there’s a kickback for them with this trading volume.

My theory is, that if they traded the direct opposite with another account, they would have doubled their trades. So another account is in the plus and mine’s in the minus. Do this with 200,000 plus accounts(which they claim) and you can see how the funds roll in. This madness would certainly work in their favour. I just don’t understand enough on how these brokers work. They’re certainly in business to make money, not give it away! It’s as if they are the Casino and the house always wins a certain percentage.

That’s why I’m leaning toward your methodology and making informed trades via signalling software and research. This is how I started with my broker until the broker said he can trade more efficiently by taking over the account, rather than advising me of upcoming trades.

My Thoughts on Account Managers

I don’t have any experience with account management in binary options myself, I prefer doing things on my own. I just don’t trust people when it comes to money and I do everything I can to avoid binary options scams.

I’m sure there are some great account managers out there but if you are ever getting an offer like this you should think twice and do your research. Maybe set guidelines on how much this manager can risk in your account and interview the manager to make them prove to you they have what it takes.

This story isn’t the be all end all when it comes to binary options account management but it should ask as a stark warning of the risks associated when you trust your account with strangers. Don’t take risks, play it smart and believe in yourself.

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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