CTOption is a new binary options broker that accepts clients from the USA and Japan. It strives to create binary options social trading by providing customers with the trade replication feature. Is this feature enough to compete with the biggest binary options brokers? Figure it out in our Honest CTOption scam review.
You can also skip the detailed CTOption review and sign up now, as this broker offers a free demo account!
Min. Deposit: $250 Demo: Yes
Platform: Panda TS Bonus: N/A
Regulation: N/A US Clients: YesSign up with 24option instead
CTOption review: About the Company
The CTOption is a binary options broker owned by the InfiniCore Ltd., the company based in the St. VIncent. The CTOption was previously owned by the Paddington Global Ltd., the company based in London.
Aside from binary options trading and social trading, the company also pays attention to the education of the customers. The Binary Options Hub found such useful educational features as:
- Binary options trading eBook
- Training videos
- Coaching sessions
It also provides traders with the most recent market news, so you always have the up-to-date market info. News provided by CTOption scam are useless and most of the time do not give objective situation on the market.
CTOption Social Trading
The BO Hub got it’s hands on the not so common binary options trading feature – social trading.
The social trading feature allows CTOption clients to copy the trades of the professional binary option traders. The user is able to decide which amount of money to use for the social trading, but bear in mind, that the professional can set the lower limit for the trade copying. The trade replication can be made in two modes:
In this mode you just decide whose orders to copy, and they are copied automatically.
Using this mode you can view all the orders of the professional trader and replicate only some of them on your own account.
This feature is not yet presented at the most of well-known binary options brokers, but we found it to be fun and useful for some of the starting investors and traders. This feature would be useful if it was not made by scam broker, we recon that most of the “Copy Traders” are not real and will not help you earn money on binary options.
At the time of writing Honest CTOption scam review, there were three main account types available at the CTOption:
- Mini Account
This account type requires minimum deposit of 250$ and provides CTOption customers with 24/7 support, weekly market news and 100% welcoming bonus.
- Standard Account
If you want to have a personal account manager – you should deposit at least 500$ and get this account type. Basically it is the only difference from the mini account.
- Executive account
In case you want to have all features of the standard account plus hangouts from trading gurus, daily market news, real-prize promotions and expedited withdrawals – be ready to deposit at least 10,000$.
The Binary Options Hub found out that the broker also offers islamic accounts. In order to get such account – you have to contact CTOption support.
The demo account with 50 demo $ is also available, but it requires the verification of the mobile phone number and has no trading replicator possibility. Even though, the offers seems to be sweet, you will not be able to withdraw your money, stay away from this broker!
CTOption Trading Conditions
The binary option trading at the CTOption is available in three different types.
- High/Low trade
In this type of trade you bet on the price of the instrument being higher or lower than the execution price of the order in specified time. The time ranges available: 30 seconds, 60 seconds, 2 minutes, 5 minutes, 10 minutes.
The available instruments are accessing by clicking the link below.
- One Touch trade
Predict touch or no touch of the specified level by the price of the instrument (e.g. EUR/USD to touch 1.211) in 15 minutes and receive yield in this type of trading. At the CTOption you can do it on:
This type of trade is dedicated to assessing the instrument’s price being in the range or outside of the range after 15 minutes. Trade it on:
CTOption Trading Platform
The CTOption uses the platform provided by the Panda Trading Solutions. The platform is different from those, used by the best-known binary options brokers, but the CTOption reviews found it to be user-friendly, intuitive and customizable. The mobile trading platforms are available for iOS and Android OS.
It has been found by the CTOption review, that the Panda TS platform has script trading feature. This feature means that you can create or buy a trading script and use it in the platform, so you will not have to trade on your own. Please do not take this as a recommendation of using scripts, the CTOption review is not an expert in this field.
CTOption Deposits and Withdrawals
You can make an instant deposit at the CTOption scam via credit card or web payment system. As an alternative – you can contact support and make a deposit via bank transfer, but it will take you five more working days.
Any deposit at the CTOption is required to be at least 250$, any withdrawal – 50$. If you do not have a platinum account – you can enjoy only one free withdrawal per month.
The accepted credit cards are: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.
Accepted alternative payments: Ideal, Sporopay, Nordea Nettbank, LaCaixa Linea Abierta, MisterCash, EuTeller, Boleto, Poli, BPay, UnappliedTx, WebMoney, Gluepay, eKonto, Sofort, Banklink, GiroPay, Moneybookers, Przelewy24, EPS, Ewire, Abaqoos, Multibanco, UseMyServices, Santander, Moneta, Instadebit, Fundsend, Teleingreso, Dineromail, Neosurf, CashU, UKash.
CTOption Customer Support
The support of the reviewed broker is available in form of the email, phone and live chat communication. The support is able to answer in English, Italian, German, French, Spanish, Turkish, Arabic and Japanese. It can be reached by phone: +44-203-519-2322, email, or via live chat in the upper part of the CTOption website. Most of the time support is not available, which means that the broker is scam and does not want to help its customers.
CTOption Review of Account Application
In order to register at the CTOption scam, you have to complete a few easy steps:
- Visit CTOption website.
- Fill out the form below:
After clicking the submit button,you will have to confirm both: email via verification link and the phone number via sms with code. After the confirmation process you should be able to make a deposit and start trading.
At the time of the CTOption review, the broker did not require any document nor address verification from the registered users, which is a clear sign of a total scam broker. It will be required at the time of the first withdrawal.
Honest CTOption Review Conclusion
The CTOption is an unregulated binary options broker and scam, so you have to be cautious about it.
But the good part is that you can trade with it even if you are from the USA or Japan and there are not a lot of brokers who provide you with such abilities. Also, if you lack your own ideas or want to try yourself as an investor – the social trading feature would be much useful for you. So if you are ready to take the risk – sign-up with the CTOption, otherwise – read our other binary option broker reviews. We advise you to trade only with reputable brokers.