Broker Info

Company Name:

CT Option

Website: CTOption.com
Country: St. Vincent
Year established:  2013
Broker Services: Binary Options
Assets offered:  60+
Min deposit:  250
Payout:  up to 91%
Funding methods: major credit, debit cards, or banking wire transfers,and a host of alternative payment methods; including Ideal, Nordea Nettbank, LaCaixa Linea Abierta,  WebMoney, Moneybookers, Przelewy24, and many others.
Platform Info
Trading platform: The CTOption trading platform is a customized version of the offering of Panda Trading Systems Ltd.
Mobile trading:  yes
Web based:  yes

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History and Background

When you visit the CTOption.com website, you are initially greeted by their corporate motto: “Binary Options Made Simple”, and if you proceed to the “About Us” section, then you will be welcomed by the CEO of the firm in an introductory letter that includes his name, a rarity in the binary brokerage trade where anonymity prevails in most cases. This broker is one of many that joined the fray in 2013, and, if favorable web reviews and client testimonials are to be taken at face value, then it appears that CTOption is fulfilling its mission. The firm is global, servicing clients in well over 90 countries, and, if this feat can be achieved in just two years, then more success will surely follow.

CTOption is located Kingstown in Saint Vincent and The Grenadines and has another operating office in London. U.S. customers are welcome. This broker distinguishes itself from the competition with its trading platform and its proprietary “Replicator” service, a new way of making social trading easier, too. The platform is a proprietary version, provided by Panda TS, a well-known software developer in the financial services industry. It is familiar to the ones from SpotOption or Tradologic, but it links up with positions and features in an innovative and customized way. For example, the “Replicator” service, either in automated or manual mode, allows you to follow the top ten traders or any single one of your choosing with a single touch. It is “Social Trading Made Simple.”

CTOption has gone out of its way to enable deposits from most any local payment method, including the normal fare of credit cards and bank wire transfers. Withdrawals are processed quickly in a 24-hour period, and your first request is free. The firm has selected only the most popular asset choices, more than five-dozen items, which include forex pairs, stocks, commodities, and indices. Payoffs on traditional Call/Put, One-Touch, Range, and “Hyper” options average 80% or higher, with some as high as 91%. Rebates of 5% are offered on selected assets. A free demo account comes with each of three separate account classifications, all provided with escalating benefits. An Islamic account is also available. Educational materials and trading tools are in abundance, and customer service reps can be accessed “24X7”. What could be so simple? 

Features

  • Experienced financial professionals founded CTOption in 2013;
  • Headquarters reside in Kingstown, Saint Vincent and The Grenadines, with a companion office London;
  • Broad customer base extends globally over 90 countries;
  • U.S. customers are accepted at this time;
  • Trade Call/Put, One-Touch, Range, and “Hyper” (their term for Turbo) options;
  • Over 60 asset selections, including currency pairs, indices, commodities, and stocks;
  • Payoff ratios range from 60% to 91%, with 5% rebates on selected items;
  • User-friendly proprietary trading platform makes trading straightforward and at your fingertips;
  • “Replicator” service allows for automated and manual social trading experience;
  • Educational materials for all experience levels, along with special learning programs designed for Entry, Intermediate, and Premium classes;
  • Customer Service assistants can accessed via live chat, email, and phone.
  • up to 30% Welcome Bonus

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Accounts

  • Minimum deposit = 250 USD, EUR, or GBP;
  • Three account classifications, which include escalating benefits, depending on deposit range: Mini (250 to 499); Standard (500 to 999); and Executive (1,000 to 9,999);
  • Free Demo account, and Islamic Account available, as well;
  • Client deposits are segregated DBS Bank Ltd, a Tier-1 bank in Singapore;

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Transactions

  • CTOption accepts for deposit major credit, debit cards, or banking wire transfers, but they excel in offering a host of alternative payment methods.
  • For example, this list includes 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, and Ukash, to name a few.
  • Withdrawals are processed within 24 hours, as long as internationally mandated personal ID materials are on file and in order.
  • Your first withdrawal is free.
  • Customer deposits are held at DBS Bank Ltd, a Tier-1 bank founded in Singapore in 1968.
  • The CTOption billing and paying agent operates out of Hong Kong.  

 

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Platform

The CTOption trading platform is a customized version of the offering of Panda Trading Systems Ltd., a software development company dedicated to the online financial trading sector since 2006. It is a step above the familiar standards in the industry, is extremely user-friendly, and utilizes the latest in technological advances to your benefit. Mobile trading apps are also supported.

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Information

CTOption’s Education Academy includes ebooks, videos, and a variety of written pieces that cover daily commentary, basic binary option information, and strategy development. For one-on-one training, the firm also provides a structured learning process (Entry, Intermediate, and Premium versions) brought to you by a staff of dedicated professional traders.

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Support

Bilingual staff representatives are available throughout the week via live chat, email, or direct phone line, and the website can be read in as many as eight different languages. The firm’s Education Center is robust with materials that will appeal to both beginners and advanced traders.

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Safety

Client deposits are safe and secure, as they are segregated in separate accounts at DBS Bank Ltd, a Tier-1 bank in Singapore with “A+” ratings. For peace of mind and security, all trading activity data and personal information are encrypted using the latest technology in 128-bit SSL protocols to block any intrusions from unwanted outsiders.

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Conclusion

In two short years, CTOption has established a very favorable reputation in the binary option broker industry with competitive payoffs, unique features, and a trading platform that is second to none. Reviews and testimonials have been favorable, and their “Replicator” service is worth a look, just on its own, since it is definitely an improvement on the social trading venue. As the CEO states, “CTOption was founded by experienced professionals from the financial, trading and technology industries, with one goal in mind: to provide the most advanced, trustworthy and secure, easy to understand and use investment platform for smart investors.” If you like a young broker that tries harder and gets good reviews, then CTOption may be worth your consideration.

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