OptiMarkets Broker Shuts Down
OptiMarkets is a fairly new broker that accepts US customers from across all states of USA. The welcome bonus is fantastic and the software is easy to use and the design is very nice and user friendly. We suggest you try this broker to get a good experience trading binary options.
**WE DO NOT RECOMMEND SIGNING UP TO THIS BROKER RIGHT NOW SINCE THERE HAVE BEEN PROBLEMS WITH CASHING OUT THAT WE ARE TRYING TO SOLVE ON BEHALF OF OUR MEMBERS**
OptiMarkets offers a giant $10,000 bonus to all traders upon making your first deposit. The bonus terms and conditions in connection with this bonus is very fair and only require a 30 x turnover of the bonus amount. If you are in it for the long haul you might as well request this bonus offer. You need to deposit at least $500 to get this bonus. The promotional code is : Optiwelcome.
You can chose between 4 different currencies such as USD, GBP, EUR and Chinese Yuan.
- Minimum Deposit:
- Max. Bonus:
- USD, EUR, GBP, Yuan
- Max Returns:
- Minimum Investment:
- Maximum Investment:
- Bonus Trading Terms:
- 30 x bonus
Trading Software and Assets
There are many different ways to trade binary options on the OptiMarkets platform. You can choose from Digital, Turbo, Touch, No Touch and Range options. The website is well designed and easy to use. You do not have to download any software to be able to trade with OptiMarkets.
When trading Digital you can choose between the regular High/low also called Put/Call options found under ‘simple trade’. You can also choose auto trade. When you do that you need to choose the number of trades you want to execute and it gets done automatically for you.
Turbo binary options allows you to trade 60 seconds options, 2 min and 5 min options. This is great for people who wish fast returns and with experience in trading various trends.
Touch and No Touch options are also available. It will give you the chance to get paid if the strike price gets to a certain price within a given time frame. Whether or not it stays above or below that does not matter. You get paid as soon as it touches the predicted market price. No touch is the opposite.
Range options are for traders who will predict that a price stay within a certain price range. It is also named boundary options. In a stable market it is a good way to trade binary options. Sideways trends are best traded via range options.
You can not get a demo account with OptiMarkets however there is a trading simulator on the front page. It is not a demo account in traditional sense.
You can download a mobile app for iPhone. It is free of charge and makes it possible to trade on the go.
- Trade Options:
- High / Low, One Touch, Boundary, Touch Options
- Early Close:
- Expiry Times:
- 60 sec, 2min, 5min, 15 min, 30 min, 1 hr, End of Day, End of Week, End of Month
- Currencies, Stocks, Indices, Commodities
Support and Services
The live chat support form we had to fill in was French but the support messages was in English. We are unaware whether it was due to our location that it was presented in French but don’t worry just fill in: email, name and question in the 3 fields.
We waited 30 minutes to get a hold of the chat until we decided to try later. We tried to connect at 11:18 am GMT. We send a mail instead to get some answers to our questions.
We later got a hold of a ‘John’ from the live support but he took to a long time respond to our questions however he did to our satisfaction. We suggest contacting your personal account manager with any questions you might have instead of using the general support.
It took us 1 week to get a reply via mail which is not ideal however we have seen worse.
- English, French, German
- Live Chat:
- Demo Account:
Banking and Company
OptiMarkets have a stable banking solution and you can safely deposit with OptiMarkets. The number of deposit options is rather limited but you have the most popular options like Visa card, Mastercard and bank transfer.
It takes up to 14 days to receive a cash out. The minimum deposit is $200 which also is the minimum withdrawal limit. This means you can not withdraw less than $200.
When you deposit you are required to verify your account with passport and recent utility bill. If you deposit with credit card you will be asked to submit a scanned copy of both sides of your credit card. When you do so we suggest deleting some numbers for you own safety. Delete following numbers so it appear like this 1234-12xx-xxxx-1234. Remember to do this on both sides if necessary. This is in general a good procedure regardless what company you are submitting your credit card details to.
The company behind OptiMarkets is based out of British Virgin Islands.Trade Now! Great software and support
- Deposit Methods:
- Visa, Mastercard, Bank Wire, Paysafe Card
- Cashout Time:
- up to 14 days
- Lerwick Capital Ltd., P.O. Box 905 Nerine Chambers, Road Town, Tortola, British Virgin Islands
- All countries incl. USA
- British Virgin Islands
- Online Since: