In a few years back then, a lot of binary options brokers have joined this profitable financial world despite of its fierce competition, but no other joins later than Optimarkets. Launched on 12th December 2012, Optimarkets is a web based platform of Lerwick Capital, a company based in the British Virgin Island (BVI).
As the latest comer, Optimarkets targets at traders of all level and offers them convenient way to take advantages of the rapidly expanding binary option market.
“We concentrate on becoming the first choice as the place to go for a binary options trading platform” announced the senior representative of the company. The man also confirms that they will never rest on its laurels but seek to “strive to improve upon what is already an excellent product.”
Optimarkets Review: Trading platform
Being the junior broker, Optimarkets has a lot of references and turns strengths of others into their own. For example, because of the obvious effectiveness of web-based platform, Optimarkets just has to apply that existent web-base technology, highlight by using its own design to build an attractive trading platform.
Optimarkets’s platform is classified as one of the most friendly and effective at the moment, even during a few quick glance. Immediately, first time visitors can start to register by clicking the icon located in plain view on the right side of the homepage. The design of the platform brings out interesting feeling for newcomers since they feel like they can discover every stored issue as soon as completing their registration.
There are 3optional formats of available assets: classic view, chart view and multi view. Everything happens for reasons, Optimarkets recognizes that “One man’s meat is another man’s poison” so they comfort clients by giving them as many choices as they could.
Optimarkets Review:Types of Trades
At OptiMarkets, traders have the choice to trade in five (5) different classes of options.
- 60 Seconds Options
This is the quickest way to make your money in the binary options trading market because it takes only one minute to know the result.
- Digital Options
This option has nothing but the name different from the popular Call/Put options of the traditional market.
- Range Options
Range option requires traders to predetermine a price range, and if the strike price is in that range at the expiration, the trade is in of the money.
- Touch Options
To win in this trade, the predetermine price has to meet the strike price at least once at expiration.
Optimarkets Review: Additional Features
Two features are available for only one reason but have different effects.
The “Close Now” issue allows traders to close the trade before its pre-set initial expiration time. Meanwhile, the “Roll Over” will expand the time to increase winning opportunity by letting time turn a less advantageous situation around.
A Reuters live market feed helps you keep on updating the news from market; the movement of tradable assets is also available on Optimarkets’s website.
Opening an account at Optimarkets requires no deposit. It takes only a simple registration before making real deposit on the Australian Dollars, the British Pound, the Euro or the US Dollars.
Different types of trades leads to different payout. Optimarkets offers from 75% to 89%, which seems like lower than the average of the market. However, there are still chances for traders to earn a 181% returns on certain trading in case they dare to challenge themselves.
OPTIMARKETS REVIEW: ASSET AVAILABLITY
In spite of their new entrance, quantity of offered assets on Optimarkets is quite satisfactory since you can find almost all common assets of Commodities, Currencies, Equities or Indices.
Currently, below assets is tradable:
Optimarkets Review: Security
Security is one of the most important features when it’s come to trade online with any brokers. To guarantee for the safety of customer’s private information as well as their hard earn money, Optimarkets achieves the highest possible level of data security by using various means below:
- 128bit SSL Encrypted Communications
- Firewall To Prevent Unauthorized Access
- Identification Requirement
- Password Protected
- Periodic Security Checks by IT Security Specialists
- Recording Of All Activities on the System
Currently, only major credit cards processors like VISA, MasterCard and American Express is allowed to invest your budget beside wire transfer. Hopefully in the near future, major online payment processors like Money Bookers and WebMoney is also supported as well.
Optimarkets Review: Customer Support
One of weaknesses of young brokers is they are not multilingual. Optimarkets is not an exceptional. However, their supporting team is making their surveys to find out the second supporting language besides English.
Live chat, email and telephone are ready to help you connect with their customer supporting service. Telephone support with localized numbers is available for certain countries like UK (UK: 44-203-3933599), U.S (1-917-3412887), Canada (1-647-4959690), South Africa (27-21-3001796), Australia (61-39-9997306) and New Zealand (64-9-2804746)
In retrospect, there are many reasons to want to deal with OptiMarkets. Some of them are:
- Comprehensive Training Tools
- Easy To Operate Trading Platform
- Decent Returns
- High Security Standards
- Live Feed From Reuters
- Market Analysis Provided
- Top-Notch Customer Support Team
- Wide Range Of Trading Tools
Being a newly established trading platform, it’s not really surprising to find some areas of OptiMarkets trading platform that need improvements. Some of these include:
- Limited asset list
- No multi-lingual support on the website
- No online payment processors
Optimarkets Video Review:
In summary, no one could deny the efforts of making better service of Optimarkets, but to compete with other big brokers in this competitive and fierce war, they still have long way to go to. Hopefully, they will “strive to improve upon what is already an excellent product” as their announcement.