Headquarters: Owned by InfiniCore Ltd., and located at The Jaycees Building, Stoney Ground, Kingstown, St. Vincent and The Grenadines.
USA Traders: Allowed
Available Assets: 60+
Min. Deposit: $250
Min. Trade Size: $5
Max trade Size: $1,000
Platform Provider: PandaTS
Languages: English, German
CToption is a none regulated company owned and managed by InfiniCore Ltd in England. The broker is not regulated by a major authority this meaning that they either surrender on their efforts or they fail to meet standards.
CTOption Trading platform
The trading platform is good and simple. It has all the required resources to aid trader’s needs. Traders can execute by quickly moving from one screen to another easily and effectively. They can switch from high/low to touch trading. The platform itself supports high and low ranges with touch and hyper trading.
There is also a asset list that works very well and is clear to the traders, however they don’t have the lists for Asian countries. CTOption contains over two dozen forex pairs with most of them primarily Bitcoin, BID, USD, EUR and GBP, furthermore there are four commodities including gold and oil international corporation stocks, currently the minimum position is as low as $5
CTOption Unique Features
There are a number of unique features for CTOption, this includes the fact withdrawals are available 24 hours a day, however the withdrawals are not instant and money Is not transferred straight away, instead the transfer method takes about 5-7 business days. There are clear guidelines that state that it is required a single source of payments in order to be complaint with AML laws.
Another benefit from using their service is because you have the ability to use copy trading options that allow you to follow top traders, this offers an advanced in house copy trading platform that enables traders to follow leading traders and replicate their trade into their live account almost straight away. The platform also uses and supports an external API that allows for auto trading.
The bonuses are known as a connection between the brokers, traders and reviewers, the bonus policy has been pointed out to be difficult to understand, for example the policy states that “unless agreed upon no non deposited funds are available to be withdrawn” but many question this as there are sign up bonuses that can have a initial deposits of over 100% and bonuses under 100% have 30x time trade volumes on the deposit plus bonus and bonuses over 100% can come with a 50x trade minimum,
A recent update for CTOption in September 2016 showed the terms of conditions amended to present bonuses of 300% and above will need a trading volume of 70x the bonus amount prior to withdrawing.
Why to open an account with CTOption
CTOption is a great broker that uses PandaTS as a main platform service and provider. The platform is used for Forex and other forms of financial institutions. One of the benefits of CTOption is that the social trading platform for live copy trading is highly unique and the minimum position is at a low rate of just $5. For this reason alone, an account should be open with them as it offers benefits that override other brokers.
Why NOT to open an account with CTOption
CTOptions has some disadvantages that could lead one to not open an account with them. One of these being the bonus schemes that offer to be a scam. Many claim that the terms are not easily understood and it is recommended not to get into a bonus scheme. Before considering a bonus you should read the terms of conditions thoroughly.
Another reason not to open an account is that that other traders have a 5% rule regarding the position size and in cases where a trader wants to open a position it would equal to 5% that can negatively affect the overall scoring.
Overall CTOption appear to have advantages that could benefit traders however there are a number of disadvantages that show to be confusing. The trading platform service is great overall but the bonus scheme seems to be a risk.
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