Options-Bank Broker Review | Overview
We bring you Options-Bank Broker Review. Options-Bank is new player on binary options trading scene. Broker was established in 2016, but has already caught our attention. They may be new but in our experience Options-Bank proved to be of the most professional brokers. Their service is great and they are well suited for new traders and also for experienced traders who are looking for more professional service from their brokers.
In this Options-Bank review we really went in depth to check their entire offer and test their service to full extend. Read on and learn what we found out.
First we look into some key characteristics of brokers that we find most important when trading binary options. Those characteristics of Options-Bank are below:
Regulated or Non-Regulated Broker: Not regulated, based in United Kingdom
Maximum Returns: 90%
Minimum Deposit: 300$
Transparency with Pricing and Payout: Withdrawal is done in 2 business days
Banking Options (Cards, eWallets&Wires): Credit card, bank wire transfer
Range of Assets Available for Trading: over 220 assets
Software Platform: Finantick
Customer Service: 24 hours a day, 5 days a week.
Best Trading Features: maximum investment is unlimited
Excluded Countries: USA
Binary Brokers Bonuses: Up to 100%, *bonus terms and conditions apply
Supported Currencies: USD, GBP, EUR, CYN, JPY, CAN, AUD, RUB, CHF.
Options-Bank Broker Review | Introduction
Options-Bank is owned by the parent company OB Marketing solutions Ltd. and is based in London. They offer great number of assets to trade, such as currencies, stocks, indices and various commodities. They also have demo account for new traders of seasoned traders who just need to get accustomed to their platform. Trading options offered by Options-Bank are one touch, turbo trading and long term. They allow early close, which can be a neat feature when trader is in the tight spot. Expiry times depend on the trading type, for turbo trading it can be 30, 60, 90, 120, 180 seconds, 5, 10, 15, 30, 60 minutes. For long term it can be daily expiry, weekly, monthly, 2 months, 3 months or 6 months expiry. Most interesting feature is of Options-Bank offer to traders is the fact that they don’t limit maximum investment. It seems they are not afraid of big traders.
Options-Bank Broker Review | Account Types
Options-Bank offers three different account types for different trader types. One is suitable for beginners and traders who are unwilling to invest a lot of money at once. Second is well suited for experienced traders and third for big investors. These accounts are: The Micro Account, The Standard Account and lastly The PRO Account.
The Micro Account has to offer:
Bonus up to 75% of initial deposit
4 risk-free trades of 50$
50% discount on their signal services
The Standard Account:
Bonus is up to 100% of initial deposit
Minimum deposit is 5.000$
Broker sends signals regularly directly to your skype with a fund protection of 5%
4 risk-free trades of 250$
The PRO Account:
Dedicated account manager available 24 hours a day
Minimum deposit is 10.000$$
Bonus is up to 100%
4 risk-free trades of 500$
Broker sends signals regularly to your e-mail
1,8% monthly interest rate
Options-Bank Broker Review | Bonuses and Promotions
Traders who choose Options-Bank as their binary options broker can count on up to 100% bonus on their initial deposit. Also, besides bonuses, traders get offered monthly promotion of which this month is either iPhone 6S, iPad Pro or 50% discount on their signals service.
Options-Bank Broker Review | Assets and Types of Trading
The brokers offer more than 220 tradable assets in their portfolio. Assets include currencies such as EUR/USD, USD/GPB, USD/JPN and others, also there are commodities (gold, platinum, silver, oil and many more), popular indices (FTSE, DOW JONES, NASDAQ) as well as stocks of companies like Apple, Google, facebook…
The platform used by Options-Bank offers you various types of trading binary options:
Turbo trading: 30, 60, 90, 120 and 180 seconds expiry periods
Short term trading: 5, 10, 15, 30 and 60 minutes expiry periods
Long term trading: 1 day, week, month, 2 months, 3 months up to 6 months expiry periods
Options-Bank Broker Review | Deposits and Withdrawals
Trader can make deposits and withdrawals very easily using the Finantick platform that is used by Options-Bank broker with one click. You can withdraw your earnings and deposit funds quickly via Credit Card or Wire transfer. It usually takes two days to get your money once you have requested it. Feel free to contact the customer support for further assistance if you have any problems.
Options-Bank Broker Review | Customer Service
Here is one field where Options-Bank definitely excels on. Their customer service in our experience has proven to be super professional and helpful. The support team is ready and more than happy to assist traders on any trading or technical issue 24 hours a day, 5 days a week. You can reach them by phone, email, live chat or skype. Supported languages are English, Greek, Spanish and Russian. Trained professionals can offer traders strategy training and trading tips that can come in handy when you are beginner.
Options-Bank Broker Review | Summary
Options-Bank has definitely caught our attention – the platform is very user friendly. Greatest feature in their offer is that they don’t limit maximum trade, so they are great broker to work with if you are about to make some seriously big trades. In our test account we benefited a lot from useful educational tools, and research. Options-Bank offers a demo account, which is great feature for novice traders. Always practice trading on demo accounts if you are new trader. This helps you gain some experience and when you are ready you can move on to trade for real money.
Our experience with payouts is that they where reliable and on time. All these features and tools make Options-Bank Broker good choice for both beginning and advanced traders alike, but it benefits most to advanced traders ready to make big trades. Unlike all other binary options brokers Options-Bank doesn’t limit maximum investment, thus not limiting maximum payout.