GTOptions Binary Broker Review

Broker Review: GTOptions.com

Overview

GTOptions.com is a binary trading platform that allows investors from all over the world to trade all-or-nothing digital options. It is still a toddler in the binary options market as it started operating only in 2011; however it was founded by veterans and market professionals in the banking and finance industries who believed in using cutting-edge technology to help people generate income from the financial markets.

Since GTOptions.com is web-based, traders can receive information as well as access its features and services from virtually anywhere in the world provided they have access to the Internet.

Assets

The assets that can be traded on GTOptions.com include:

  • Commodities: Wheat, gold, silver, sugar, coffee, platinum and oil
  • Stocks: Thirty-three stocks traded on stock exchanges in various countries including Russia, the United Kingdom and the US
  • Forex: Fifteen different foreign currency pairs which include EUR/JPY, USD/BRL, AUD/USD, USD/ZAR, USD/SGD, USD/RUB, USD/TRY, GBP/USD, EUR/USD, EUR/GBP, EUR,/JPY, USD/CAD, USD/EGP, NZD/USD and USD/CHF.
  • Indices: Twenty-four different index options are available on this platform, including the CAC-40 France, ISE 30 of Istanbul, MICEX 10 of Moscow, FTSE from the United Kingdom, BOMBAY SE from India, HANG SENG from Hong Kong, SSE 180 from China and ASX from Australia.

Creating an account

Creating an account with GTOptions.com is very easy, and is absolutely free. Very few details are required, including the trader’s name and country of residence as well as telephone number, e-mail address and the currency that they will mostly deal in. The trader has to agree to the terms of use specified before submitting their application. An e-mail is sent to each trader which welcomes them to the world of binary options trading and in order to confirm their email address. Besides that, no further documentation is needed to start trading, although documents proving one’s identity may be required to make large withdrawals.

New traders are offered a $100 free no deposit bonus so they can test out GTOptions for free. After that, they can deposit funds into their account either via credit card or wire transfer so that they can start trading larger amounts.

GTOptions review

Unique features

This trading platform offers stocks as well as currencies, indices and commodities that are not usually traded in other trading platforms, for example, wheat as a commodity, or the BOMBAY SE trading index.

This binary trading platform also provides users with various accounts which range from a mini account to a gold account. Each account has different requirements, with the mini account only requiring a deposit of $200 for a user to begin trading, while a gold account requires $2000 for the user to start trading.

The binary trading platform also offers the user various trader tools such as e-books which can help them learn the ins and outs of binary options, as well as a daily and weekly review of how the binary options’ underlying assets performed.

Customer service

The customer support offered by this trading platform is exceptional as it is multilingual, meaning that members who speak different languages can call in and still be assisted in case they have a query. The user has the option of calling a personal broker to give him or her advice as well as to guide them through the process of executing a trade or to answer any questions that they may have regarding deposits and withdrawals.

GT binary options

Demo account

GTOptions.com traders have the ability to open a free practice account which will have up to $10,000 of virtual funds which they can use to hone their trading skills. The account can only be used for fourteen days after the opening date and they can trade in any of the one hundred and fifty different assets from all over the world that are offered by this trading platform.

To open a demo account, one has to simply open a regular account and then request to convert the status of the account to a demo by contacting customer support via live chat, email or a call-back.

Pay-outs and commissions

Payouts on successful (in the money) standard Up/Down binary options vary from 70-81% and the payouts for successful One Touch options can reach up to 500%. GTO typically pays out 10% for out of the money binaries so traders who execute unsuccessful trades can get a consolation of some sort.

Individuals can be paid through various methods, including Credit cards, Nordea, Moneybookers, Bank Wire Transfers and Cash U.

New traders are usually given a bonus depending on how much they deposit into their account, and the trading bonus is meant to provide the trader with leverage by providing them with extra funds to trade with. Keep in mind that all trading bonuses come with a trading volume requirement that must be met before the bonus funds can be withdrawn in order to prevent people from immediately withdrawing the extra money.

In addition, a $200 commission is offered to individuals who refer friends to the platform if their friends open a new account and start trading.

Conclusion

GTOptions.com is a brand new binary options trading platform that is taking the market by storm and overtaking competitors in the nascent online binary options trading industry. The GTO brand is sure to make waves in the future since it has so much to offer its clients – including free $100 no deposit bonuses and support for traders all over the world. The number of assets that can be traded on this trading platform are quite varied, thus making it very useful and accessible to people from many different countries; although as of this writing, the website is only available in English.

 

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