Binary Options recently gave the guys at GTOption a quick call to arrange checking out their platform and ran then a few of the key questions that future clients are going to want to know. Firstly GTOption are based in Cyprus and were established back in 2011 so they have been around for quite some time when you consider binary options havent been around that long. But have they kept up with the demands that are required to keep them at or near the top of the game and give their clients the best trading experience and ultimately make it simple for clients to make successful trades.
So after questioned we discovered that they operate on the SpotOption platform like 80% of other brokers so its a very simple and easy interface for the client to use especially newcomers to binary options. Their minimum trade value is $5 which is lower than most so this is a good thing if you dont want to trade such high figures. For example Interactive Option have a minimum trade value of $25.
GtOption have the standard minimum deposit of $250 to open an account but their maximum payout on a trade is 81% which pitched against some other brokers would seem a little low when others are offering 90-95%. Which leads onto the amount of different assets that a client can trade which is 114 which is among one of the highest that brokers offer possibly because they have been around for quite a long time.
Moving on to the kind of trades a client can make currently they have 6 and these are the Classic Binary Options which every broker will supply and then they have 60 seconds, One Touch, Long Term, Pair and Follow Me. you will be able to find all the different names and descriptions for different in a post we will be supplying in a few days time. But generally now brokers tend to offer more than 6 different ways to trade but we always recommend the Classic Binary Options unless you just want to have a bit of fun.
For the more seasoned trader the maximum trade amount is $1000 which is a reasonable amount but other brokers do offer a lot higher amounts if you have more money to trade with. You can trade the equivalent in Euro or Pound Sterling this is entirely upto the trader.
They accept all countries apart from US clients and take the usual payment methods of Credit Card, Wire Transfer, Giropay and Paysafecard. Currently GT Options are one of the brokers that arent regulated which seems strange to us as they are based in Cyprus and cannot accept American clients however they have put everything into place so that they will be regulated into the future.
When asked regarding withdrawal of funds they promptly responded with 72 hours. So 3 dys and you can withdraw from your account by the same means that you paid in but compliance documents will be required. A few brokers require such information and GTOption require a copy of your ID. A copy of proof of residence. A copy of the credit card that you paid into your account with (front and back) and a copy of the Trading Agreement filled in with the relevant currency. To us at binary options trend indicator these seems like quite a lengthy process but at least they are being open about it. Once you have made your first withdrawal you shouldnt have any problems with future withdrawals.
When we asked GTOption if they have received any awards they were quite proud to announce that they have won several which include Best Education Center by Daily Forex Awards, Best Broker by FX Empire, Highest Customer Satisfaction by Forex minute, Top Reviewed Broker 2014 by Fair Binary Options and Most Valuble Broker 2014 by Binary Options Watchdog.
they also support a multitude of languages including English, Spanish, Portugese, Pakistan, French, Dutch and Italian.
Now possibly the most important question that we could have asked them is What Makes You Unique? to this they responded with GTOptions has a wealth of experience providing top quality services to every trader, ranging from beginner to the most advanced, GTOptions prides itself upon holding several glamourous awards such as best broker, best education and best customer support. Trading with GTOptions is a unique and profitable service. So there you hve it straight from the horses mouth from the guys at GTOption.
they have kindly opened an account for us so that we can put them through the paces and report back to you in the coming weeks.
you can check out their website here: www.gtoptions.com