Optiontime Binary Options Broker Closed

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Optiontime Binary Options Broker Closed

We have just been announced that optiontime, one of the brokers of markets.com is closing on November 19th, 2020. The brand, markets.com, no longer wishes to continue operating this binary options broker, as they are focusing on their flagship broker Top Option and the Forex/CFD Markets.com.

It’s unfortunate that this broker closes, because there weren’t any complaints or negative reviews.

Which broker should I choose now?

If you are looking for a trusted binary options broker you can take a look at the top 5 broker on our homepage, the top 10 brokers here, or if you are from the US then check out the best us binary options brokers.

How to pick a binary options broker?

There were better brokers than OptionTime. When choosing a broker, you should always read some reviews, because chances are that the broker is a scam. Another thing to look for is the regulation, however regulated brokers can be scams as well, but there is a lower chance.

Why was OptionTime closed?

We don’t know the reason exactly all we know is that the company is focusing on the more known brands. This probably means that OptionTime was not profitable enough to keep running.

OptionTime Review

OptionTime is closed down!

OptionTime is binary options broker who is online since 2020, with HQ in Nicosia, Cyprus. In our OptionTime Broker Review, you can get all important information about this broker and learn how simple can it be while trading binary options with them.

OptionTime is a new and reliable broker, who has recently entered the binary options market. Since their establishment, they are investing a lot of effort in security of their trader’s funds. That is because safe platform should be the first and most important trading element when traders choose their preferred binary options broker.

According to security, OptionTime also offers a variety of trading instruments and services that lead traders to the profitable and successful trading experience. With OptionTime, traders can place deposit in several currencies: American Dollar, European Euro and British Pound. Minimum deposit with this broker is $200, which is among the lowest in the binary options industry. They offer maximum bonus of $2500 and maximum return of 80%. To start trading with binary options, minimum investment is only $10.

For more, you can read below our full OptionTime review.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

OptionTime is trusted broker who has gathered a large number of people interested in binary options trading. They accept traders from all parts of the world, excluding USA. OptionTime is a regulated binary options broker, who has a CySEC licence.

In binary options market there are hundreds of brokers who offers their services to traders worldwide. Since OptionTime is a regulated broker, traders do feel relieved that their funds are well secured with this broker. CySec licence means that particular broker is being monitored in order to provide traders with the best possible safety of their funds. Regulated broker has to follow certain rules which must be compatible with European laws.

OptionTime Trading platform and services

To their traders, OptionTime offers an easy to use platform, for both traders beginners and experienced traders. They use Keystone software, which is high developed and secured software. OptionTime offers many useful services and tools that traders can choose during their trading process.

On their platform, as discovered during OptionTime review, traders can trade with different options, such as: High/Low, Touch Options and One Touch. Expiry times can vary between 60 seconds, 5 minutes, 30 minutes, 1 hour and 24 hours. OptionTime offers several trading methods, available for traders in order to maximize profit while trading with binary options. Those methods are: Classic Time, Pro-Master, Speed Trading, One Touch and Touch-In-Time. It is possible to trade with 4 different asset types: stocks, currencies, commodities and indices.

On OptionTime platform, on their disposal traders have in total 180 different assets to choose from and place trades with those assets that suit them the most. As mentioned above in OptionTime review, traders can use many different trading services provided on the platform.

Mobile trading is considered to be one of the best useful features that traders can use and which will simplify entire trading process. Mobile app gives traders an opportunity to trade binary options from anywhere. They do not have to be necessarily in front of their computer while trading. This type of advantage is very attractive for traders, especially nowadays, when technology is on very high level. OptionTime mobile application is available on both Android and iOS systems. It offers platform with multiple trading instruments and services as well as on usual platform. Trading binary options by using mobile app presents also a secure type of trading and it is simple to use. Traders shouldn’t have any difficulties while using mobile application of this binary options broker.

One of the biggest advantages of OptionTime platform is the possibility to use this platform in 16 different languages. This is an excellent way to attract traders from around the world, by offering them trading platform on their language. Traders can choose between English, French, German, Spanish, Italian, Russian, Polish, Czech, Arabic, Portuguese, Danish, Norwegian, Swedish, Dutch, Japanese and Indonesian.

Traders have on their disposal an education centre where they can learn more on binary options and gather important information on how to maximize profit while trading binary options. OptionTime provides traders an introductory webinars. video tutorials, e-books and one-to-one training.

OptionTime Account Types

On its platform, OptionTime offers three account types. Traders can choose between Premium Account, Royal Account and Exclusive Account. According to the preferred features, traders can place deposit amount by their wishes in order to have a profitable binary options trading experience.

OptionTime Premium Account

  • minimum deposit $200
  • welcome bonus 30%
  • Account Manager
  • mobile application
  • risk management tools
  • 1-on-1 training-Basic
  • exclusive e-book for traders
  • e-video library
  • news, updates & alerts
  • investor compensation fund

OptionTime Royal Account

  • minimum deposit $1000
  • welcome bonus 50%
  • Professional Account Manager
  • mobile application
  • risk management tools
  • 1-on-1 training-Professional
  • exclusive e-book for traders
  • e-video library
  • news, updates & alerts
  • investor compensation fund

OptionTime Exclusive Account

  • minimum deposit $5000
  • welcome bonus 100%
  • Account Manager Specialist
  • mobile application
  • risk management tools
  • 1-on-1 training-Expert
  • exclusive e-book for traders
  • e-video library
  • news, updates & alerts
  • investor compensation fund
  • trading central report & signals
  • off tracking hours assistance

OptionTime Customer Support

Traders can be satisfied to know how they can contact OptionTime broker on multiple ways. OptionTime assistance is available for traders via live chat, telephone and email. For traders who prefer email communication, they can contact them on [email protected] .

On their website, traders can choose between 7 different email addresses, depending on which department trader needs (marketing, payment, trading, info etc.). Assistance of this broker is available for traders from Monday until Friday 24/5. To have a quality customer support is one of the most important elements in binary options trading process. Broker’s help and easy way to contact them is very useful for both traders beginners and experienced traders. They can reach them and ask for their assistance if they have any difficulties while trading.

OptionTime Banking and Company

Online since 2020, main goal of OptionTime is to offer traders a safe trading platform where they can place trades and withdraw funds without having to worry will the platform be secure enough. Besides the fact that this broker is reliable, OptionTime is also a regulated broker under CySec and FSA, which means that their products and trading services are being monitored.

For traders to be able to withdraw money, first they have to confirm their identity and fill out certain needed documents (photo ID, trader’s address…). This is an usual procedure that confirms safety and transparency. Afterwards, to login, traders have to go on My Account tab and click Withdraw Funds button. Then they have to enter preferred amount to withdraw. If traders want to withdraw money from Joint Accounts, first they have to fill out and submit a withdrawal form.

Unlike some other brokers in the binary options market, OptionTime does not charge any deposit or withdrawal fees. Usual cashout time to withdraw funds is 2 business days, which is excellent news for the traders. In case of exclusive accounts, withdrawal process is even faster, it only takes 24 hours. With OptionTime it is possible to use several different payment methods.

Traders can place trades with credit cards, like Visa, Visa Electron, Mastercard, Maestro or through Bank Wire. Also, another payment method is ewallets, such as Skrill Moneybookers and WebMoney.

OptionTime

OptionTime are no longer trading. They rebranded to TopOption. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

Alternatively, these are our Top 3 brokers based on Ratings:

Binary.com $5 90% » Visit Binomo $10 90% » Visit BDSwiss $10 N/A » Visit

Optiontime.com is yet another brand being offered by the folks over at Safecap Investments LTD. Unlike some other white label spin off’s this one is actually based on a new platform. This is one of the first brokers operating on the Keystone platform created by Markets.com. Markets.com is a CySEC regulated forex and binary options broker and platform provider, also owned by Safecap Investments. The broker, the platform and the Safecap empire in general, is CySEC and EU regulated, MiFIB compliant and protected under the Investors Compensation Fund. Optiontime.com has taken the further step to register with the individual member countries of the EU so that it can offer regulated binary options throughout the region.

The Investors Compensation Fund is a safety net for investment firms registered in Cyprus and the EU that helps to protect investors from fraud. This is one of the many benefits of CySEC and broader EU regulation. Another is the way in which Optiontime.com holds investor funds. Each depositor is protected up to €20,000. All monies are held by a third party bank or other financial institution that acts as a clearing company. This means that your money and the brokers money are never intermingled making your deposit much safer than with a non-regulated broker. Other binary options brands operated by Safecap include TopOption, Winner-Option and several others.

The Platform

The new platform behind this broker is Keystone Trading Technologies. If you are familiar with other Safecap brands you will know they are powered by Markets.com, Keystone is actually an offshoot of Markets.com and is a total-solution platform designed specifically for binary options. The platform includes short term 60, 90 and 120 second trading as well as 15, 30 and 60 minute expiry. Included with the platform are many of the features you will find on a Markets.com broker. The asset list is quite comprehensive and has something for everyone, making it good for well rounded traders. There are at least 180 available assets ranging from stocks to indices, forex pairs and commodities. There are over a dozen currency pairs, two dozen indices, dozens of stocks and 8 of the most heavily traded commodities.

The platform itself has 5 different ways to trade. The “Classic Time” is the standard high/low binary trading. Pick an asset, pick an expiry and place the trade. The “Pro Master” is a more advanced area of the trading platform that allows you to apply Fibonacci, RSI and a few other tools to the charts provided in order to fine tune your trades. “Speed Trading” is what you might guess; this is where you find the 60 second, 90 second and 120 second options. One touch is standard one touch trading you would find anywhere else. It comes with the highest returns and the highest risk. “Touch In Time” is a new twist on the touch trade and allows you to make predictions if the asset will or will not touch the strike price in a set time, kind of like a cross between 60 Seconds and Touch.

Broker Extra’s And Potential Drawbacks

There are a few extra’s to consider when looking at this broker. First they have a buy me out feature. This is allows you to sell options before expiry if you want to cut losses or lock in profits. The feature is only availabe the hour before the option expires which is and isn’t a problem. It isn’t a problem because they only have options with expiry going out to one hour. The problem is they only have expiry going out to one hour. I myself prefer to trade on weekly or montly expiry to catch longer term, and more reliable, market movements. Another bonus is the Rollover feature. As an individual feature this is nothing new, it is something I have seen at more than one broker but it is a nice addition that not all have. If you don’t know what that is it means, for a small additional fee, you can extend the amount of expiry on the option if you think it needs more time become profitable. Both the Rollover and Buy Me Out features are not available all the time or on all options, a small drawback but one that may make them useless for serious trading. The same give and take occurs when you check into the more advanced Pro Master trading. There are some more advanced charting features than what you would find in most binary brokers but not enough for serious trading. You will still need to get your charts some where else in order to do real technical analysis.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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