OptiMarkets Review

OptiMarkets

OptiMarkets is a binary options brokerage brand that uses the Tradeologic white-label platform brand. OptiMarkets is owned by Lerwick Capital Limited, located in British Virgin Islands.

Payouts

The payouts for the various trades used on this platform are as follows:

a)    Digital Option: Payouts are from 65% to 89%, depending on the loss return used for the trade.

b)    The One Touch trade payout is between 380% and 500% for successful trades.

c)     The Range (boundary) option has a payout of between 65% and 89% depending on the loss return used. 

Bonuses and Promotions

OptiMarkets offers up to 150% trading bonus when a trader opens and funds the trading account for the first time. Exact bonuses awarded are purely based on negotiation between the trader and the account officer.

Asset Index and Expiry Times

OptiMarkets offers the following underlying assets for trading:

-       Commodities: Silver, Gold, Crude Oil, Coffee, Copper and Sugar.

-       Currencies: AUD/USD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY and USD/SEK

-        Indices: IBEX35 (Spain), CAC40 (France) NASDAQ, S&P500, BOVESPA, DAX Future, Dow Jones, FTSE Future, AEX-25.

-        Stocks: ABB Ltd., Allianz, Amazon, Apple, AXA, Baidu, Bayer, BMW, Boeing, British Petroleum (BP), Carrefour, Chevron, Citigroup, Coca-Cola, Danone, Deutsche Telecom, Disney, Ebay, Exxon Mobil, Facebook, France Telecom, Gazprom, General Electric, Google, HSBC, IBM, Intel, L’OREAL, McDonald’s, Microsoft, Morgan Stanley, Nike, Novartis, Renault, Repsol YPF, Roche, Sanofi, Siemens, Telefonica, Total, UBS, Vivendi and Vodafone.

In terms of expiry times, each trade type has different expiry times allocated to it. These are as follows:

a)    Digital option: Traders are presented with expiry times that start at 15 minutes. There are also expiry times set at 30 minutes, one hour and two hours.

b)    The One Touch high yield trade contract is open for order placements during the weekend only. They have a one week expiry.

c)     The Range (Boundary) option has a range of expiry times that start from 10 minutes and stay up to two hours.

d)    The 60 seconds option expires in 60 seconds.

Trading Tools

The following trading tools are available on OptiMarkets.

a)    US clients are accepted.

b)    A line graph that shows the trade details.

c)     Market news from Reuters.

Deposits and Withdrawals

With OptiMarkets, traders can only deposit or withdraw funds using credit cards and wire transfers.

1)    Bank wires: Traders all over the world can use this method.

2)    Credit cards such as MasterCard, Diner’s Club and VISA are accepted.

The minimum deposit requirement on OptiMarkets is $250 while the maximum deposit is $5000 per transaction. The maximum investment amount for a single trade on OptiMarkets is $1000. The minimum investment amount on a trade is $5. There are no exposure restrictions. Maximum deposit limits are $5,000 (daily), $20,000 (weekly) and $80,000 (monthly).

Traders get three free withdrawals per month. Extra withdrawals attract a fee of 30 USD, EUR or GBP. All credit cards used for transactions must be verified by sending a scanned copy of the front and back of the card with all the digits of the card number except the last four blocked out. Accounts can be maintained in Euros, US Dollars, Australian and Canadian Dollars as well as British Pounds.

Customer Support

Traders can reach the Customer Support Desk using the following channels:

-       Email: support@OptiMarkets.com.

-        The support desk on OptiMarkets can be reached on phone using the following lines:

United Kingdom (44-20-33933599), Canada (1-647-4959690), South Africa (27-21-3001796), Australia (61-39-9997306), New Zealand (64-9-2804746), United States (1-212-3727514).

-       A live chat facility is also available site-wide on the OptiMarkets website.

SIGNUP IN OPTIMARKETS

 OptiMarkets Summary: 8.3/10