OptionStars Broker Review 2017

FairBinaryOptions Broker Certificate
  • Min. Deposit $250
  • Max. Payout 85%
  • Min. Investment $10
  • Mobile Yes
  • Software Tradologic
  • Live Chat Yes

OptionStars is a binary options broker that works hard on providing great service for all users.

OptionStars review was written with traders in mind and provides all necessary information about this broker that is getting more popular every day.

  1. Website Preview

  1. OptionStars Account Features

    Binary options trading is being taken more and more serious from brokers, traders, and regulatory bodies. As traders get more demanding, brokers must invent ways to attract them. In OptionStars review, FBO team found out how this broker provides three great accounts for traders with different needs.

    Bronze Account

    • Minimum deposit from $1000 to $4999
    • Weekly market reviews
    • Introduction video course

    Silver Account

    • Minimum deposit from $5000 to $9999
    • 3 trading strategies
    • Daily market reviews
    • Introduction video course
    • Advanced video course
    • Senior account manager

    Gold Account

    • Minimum deposit $10,000
    • 5 trading strategies
    • Daily market reviews
    • Weekly market reviews
    • Introduction and advanced video course
    • Dedicated account manager
    • Same day withdrawals
    • Weekly one-on-one trading sessions

    These rates seem extremely high for the binary industry, but it can be presumed that OptionStars is more oriented towards experienced traders and not beginners. The broker provides demo account as well that comes with $5000 virtual money for virtual trading. Demo account is available only for traders who make the initial deposit, and must be requested by the account manager.

    In OptionStars review, it was stated how this broker provides two types of bonuses – Pending Cash bonus and Proportional bonus. Pending Cash bonus is a bonus where the trader has been informed in advance about how the funds can be utilized after the pre-defined volume has been reached. In that situation, after requirements have been fulfilled, the traders can withdraw cash. The proportional bonus is a specific amount. In every subsequent trade the amount used from the cash money, and the amount used from the bonus money is in direct proportion to the deposit and the bonus given. Profits and losses are allocated accordingly.

    Usual turnover required is x20. OptionStars has very detailed bonus terms and conditions so make sure to read them before accepting the offer in order to know your obligations and rights.

    OptionStars supports auto trading, as well.

  2. OptionStars Trading Software

    OptionStars is a broker that provides its services through Tradologic platform. Tradologic is considered to be one of the top platform providers. Traders can experience trading in safe and reliable environment accompanied by currency pairs, commodities, indices, and stocks. Expiry times in different ranges are also available, so traders can experience both short-term and long-term trading.

    The website is easy to navigate and traders don’t have to be afraid they won’t find the information they need. Everything is neatly organized in sections on the top of the website. In OptionStars Review, FBO team realized the broker also provides mobile trading, but also useful advice on how to protect the trading account from intrusion. The broker is using SSL encryption to protect all necessary data.

    Your capital is at risk
  3. OptionStars Support Information

    During OptionStars review, FBO team tested the customer service that can usually be reached via live chat, online form available on the website and email. The live chat is the most preferred way of communication among traders as it is fast and convenient. The operator was very friendly and useful and provided necessary information. The website is available in English, French, German, Italian, Russian, Spanish and Arabic.

    Traders can also research the Academy section that provides great learning materials, market analysis and news, technical analysis and many other useful materials. The academy section is divided to Binary V.O.D., Economics, Advanced Course and Binary e-book. Binary V.O.D. is divided into two groups – videos for beginners and videos for advanced traders. This helps all traders to navigate easily and get the right type of information in short time.

    Your capital is at risk
  4. OptionStars Company Information

    OptionStars is a binary broker owned by Novox Capital Ltd, Cyprus. IT has CySEC registration under number 224/14.

    During OptionStars review, the broker allowed only two banking methods: credit cards and bank wire, although they announced more methods in the future. The minimum deposit is $250 for all methods of payment, but the initial deposit is bit higher as it can be seen in part about different accounts.

    The FAQ section claims that there are no limits when it comes to withdrawing and that traders can withdraw any amount available on the account. After careful examination of Terms & Conditions, however, it was noted that the broker allows the minimum withdrawal in the amount of $30 (or the same amount of units in other currency used). This is something that should be fixed immediately as it can be seen as unprofessional. First withdrawal in the month is free while all others are charged with $30 fee.

    In order for the withdrawal to be successfully processed, traders must send all necessary documents required by the broker in order to verify the account. The limit for sending necessary documents is 7 days. After 7 days, the request is being canceled in case, the broker hasn’t received paperwork requested. The withdrawal is done within 5 working days, in case, everything is done as it should be.

  5. Your capital is at risk

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Your capital is at risk