OptionSmarter Review

 

Broker Introduction

Optionsmarter is a binary options broker that was founded back in the year 2007, when binary options trading was fairly new. The headquarters of this broker is located offshore – in Cyprus. This broker is unique because it is the only binary options broker that uses a reward system called Smartpoints, which allows traders to accumulate points for every transaction made with Optionsmarter. These points can be used to redeem cash and equivalent rewards.

Optionsmarter is transparent to their customers, offering excellent customer service. The accounts of all traders are segregated, which means they are for the exclusive use of the traders. The operations funds of Optionsmarter are not combined with the funds of the traders. This guarantees great security.

General Platform Details

Optionsmarter uses Tradesmarter platform. It gives a user friendly layout that is extremely easy to navigate even to newcomers. Traders can find all resources, assets, charts, tools and information that they must know once they log in to their trading account successfully. All these trading guides are neatly placed in the platform with defined labels. Both novice and seasoned traders will have excellent user experience using Optionsmarter. The asset prices and expiry times are taken from Leverate and Reuters, which are the leading provider of real-time global financial markets data. Optionsmarter does not take any commission on all trades done through Optionsmarter platform. Furthermore, there are personal account managers who will help manage the assets and trades of all account holders.

Trading Options

There are over 100 assets available for trading at Optionsmarter. Traders have the ability to trade on anything virtually using a wide array of assets from international markets such as Europe, Asia and the United States. All potential payout rates are shown at the top of each asset so that traders can determine easily how much they can get from potential successful trade by simply entering the amount to be invested in the box. Furthermore, Optionsmarter gives details on the amount of rebate or insurance that will be refunded for losing trades.

Traders can choose to trade using two of their trading methods, which are the traditional high/low and Option Builder. Traders can trade Foreign exchange, equities, commodities and indices at Optionsmarter platform. The trades have varied expiry times such as 60 seconds, 15 minutes, 30 minutes and 1 hour. The platform comes in several languages including Arabs, Chinese, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish and Turkish. The customer support team is also available in these languages and reachable through E-Mail, Phone and Live Chat.

Financial Details

Optionsmarter trading account can be in Euro, U.S. Dollar or Australian Dollar currency. Traders can deposit in any of these currencies, but the selection may be automatic depending on the location of the trader. Optionsmarter accepts all international credit cards including MasterCard, Maestro and Visa, as well as other third party payment processors that are recognized globally.

In order to start trading, Optionsmarter requires a $250 minimum deposit or its equivalent. The maximum allowable deposit amount is $5000 or its equivalent. Traders can make deposits through Secure Wire Transfer, Credit Card, Debit Card, MooneyBookers and Local payments. Withdrawals from Optionsmarter accounts can be made through same methods traders use in depositing their accounts.

Summary

Newcomers or novice traders feel at home trading with Optionsmarter. This is because of the huge support and guidance from the professionals of this broker. The trading platform offers high usability features with many trading tools and services suited for all types of traders. Optionsmarter offers a substantial amount of return on investment as high as 90% on investment.