The short answer is yes, you can. Innovation and quick profit is the buzzword in the world of binary options trading. The UK based CToption, running on the Panda Trading System, continues to be one of the most trusted binary options trading platforms today. Launched in 2011, it has today gained the stature of being one of the largest and most successful binary trading online platforms.
A quick look at their about us page shows that the ingrained passion and commitment to binary trading is one of their biggest strengths. Founded by experienced trading, financial and technology professionals, it aims to create an easily accessible, convenient to use, and most importantly, fair binary trading platform for a large user base worldwide.
Key Features of CT Option
An investment brokerage firm with presence across 90 countries, CTOption is credited with many advancements and unique features. Here is a look at some of the key highlights:
- Compatible and synced with MT4 platform
- Extensive and effective networking opportunities
- Efficient trading interface. The Panda Trading Software is best known for creating a customised solution in forex and binary trading.
- Users get live rates and real-time data streaming with minimized latency
- Offer free videos, e-books and webinars for clients in education center
- Special bonus program for users to leverage trading opportunities
- Huge range of assets across currencies, commodities and stocks
- Comprehensive and dedicated customer service over the phone, email and live chat
- Welcome bonus up to 150%
But above all one feature that decidedly is the crown jewel amidst the other offerings from CTOption is the Binary Replicator. So how exactly does this work and why does this give users a definitive edge? With a success rate of 80%, the numbers perhaps do more talking than anything else. Let’s take a closer look and see how CT option applied and developed social trading technology in their trading platform.
Introducing Social Trading – Wisdom of the Crowds
CTOption has been credited with many profit-making and pioneering launches. The most talked about one, however, is the social trading feature. This is instrumental in empowering investors with risk-reduced investment decisions.
In case you are wondering what social trading is all about, it is an alternative trading module that seeks to optimize the profit quotient for its users. In this the investor or the trader:
- Relies on trading modules generated by copying other successful investors
- These trading screens of other traders become the key catalyst for making decisions
- Analyse financial data on the basis of trades executed by others
- Copy other trades and compare profit potential based on their experience
- Can copy trades, techniques and strategies used by other investors using the same platfrom
Thus far, fundamental and technical analysis has remained the sole source of information gathering. They have been the only avenues of advice for the investor, but not anymore. With the advent of social trading, investors can now integrate their decision making process and look at a relatively risk-free model to garner profit.
Essentially these social trading networks are sub-parts of the broader social networking platforms and hence the name social trading. CT Option has beautifully integrated this new age concept to churn out a product that can seamlessly function on a multiple operating systems like iOS, Android, Windows. It automatically allows users to follow the top ten traderss of the moment from anywhere and at anytime.
According to the CTOption spokesperson, ‘We believe that it is a revolutionary step that will alter the way Binary Options are traditionally traded.’ While implementing the Binary Replicator, CToption had to ensure personal data safety and increase related safety features. The platform also gives users the option of the manual mode if they so choose, and help them gain more flexibility in their trading decisions. As the company website proudly proclaims, ‘CTOption combines the excitement of online social trading, with the wisdom of the crowds’. This aspect goes a long way in improving credibility, as well as, creating better profit potential for users.
New users have an opportunity of trying out the Binary Replicator by signing up for a free trading account and then shift to a premium paid account once they are ready.
The Binary Replicator – Copy Pro Traders
This revolutionary and ingenious product that CTOption has devised using the social trading platform, the Binary Replicator, has not simplified binary trading even further, but also provided a unique opportunity for beginners to trade successfully and gain a reasonable profit by copying others. The fact that it is being made available by CT Option, a reputed broker dedicated to customer satisfaction and trading innovation adds to the further appeal of the Binary Replicator. The initiatives taken by CTOption to safeguard customer data in addition to sophisticated technology that is employed helps in elevating the trading experience manifold.
Some of the unique features of this product include:
- Simplifying Trading – One of the primary catalysts for the widespread popularity of the Binary Replicator is the simplicity of the software. Despite being a rather high-end software with a relatively complex line-up of results it achieves, it is quite easy to operate it and even beginners in the market can get used to this software quite quickly and can comfortably conduct their trades alone.
Furthermore, replicating the top traders gives a chance to a relative novice trader in the market to profit and this serves as a source of encouragement and inspiration.
- Manual Mode: As you graduate into a more seasoned and mature market player, there might be a time when you do not want to restrict your trades to just the top ten that the machine generates and opt for some trade that might have better potential.
The Manual Mode then helps you in deciding whose trades you want to copy and the exact amount of money you want to invest in every trade. This feature helps the trader identify fresh trends in the market, decide on ways to diversify trade and even introduce original trading concepts that could potentially reap better benefits. Investors can then optimize their returns and bring in maximum value to the money invested in binary trading.
- User Safety: That brings us to the overall safety aspect. All transactions are heavily encrypted with a very limited opportunity of any possible mishandling. CT Option as an organization as well as the sophisticated software that is incorporated to undertake these transactions put customer security as the number one priority. The Binary Replicator in short is technologically evolved software and more and more users are convinced about the credibility of its platform and feel more confident using it.
- Accuracy: The accuracy and speed of execution of the copied trades is instantaneous and this is what Binary Replicator software is known for.
- Efficient Customer Care representatives: Many customer reviews and company claims seem to indicate that Binary Replicator has thus far been a very good product. The customer support works tirelessly 5 days every week and 24 hours to ensure that they are able to provide an instant solution to their clients whenever they need it. The customer care staff is polite, well trained and quick to gauge the potential issue that the client might be facing.
Additionally users of the Replicator platform gain the advantage of VIP training and a variety of other educational material. The elaborate course structure is geared to address users at different levels of market maturity. Within the Replicator Pro CToption went even further and offered one-on-one strategy training with a professional trader.
It is not surprising that the popularity of the Binary Replicator is increasing, especially among beginners who prefer this type of trading to the other conventional forms that could be employed for trading in the market, such as technical or fundamental analysis. CToption manages to seamlessly integrate a modern trading tool within its online platform. CT Option even offers unrestricted 24h demo access to the Binary Replicator trading sessions to make the user completely confident about the operation aspect of the software.
Binary Bug – Binary Options Signals
For the working professionals CT option offers an additional product called the Binary Bug. Effectively this features enables automated trading based on signal alerts generated by their optimized trading software. That software continuously analyses the market and monitors various assets to find the right trading opportunities. There are two automated Binary Bugs that traders can sign up to, Binary Bug 1 and Binary Bug 2, both of which have about 72%-75% win ratio which is high enough to win in binary options.
CT Option Accounts Details
We now move on to the unique opportunities and options that a user or a trader receives being a client of the CTOption Binary Trading platform.
- Opening an account is a fairly simple affair; they have to just fill out the registration form and the required details therein. The account is created the moment it is submitted
- The customer support department is on call to address any problem in this regard
- Your account keeps a tab of all your trading history and is password protected.
- The minimum deposit amount is 250 USD, EUR, or GBP
- There are three account types, Mini (250-499), Standard (500-999) and Executive (1,000 to 9,999). These basically have different levels of perks and benefits
- Users also can take advantage of free demo account and those interested can also open Islamic Account
- The deposits made by the client is segregated by one of Singapore’s top tier banks, DBS Bank
- This deposit can be made using any of the major credit cards accepted worldwide
- Clients may also opt to use alternative payment gateway like WebMoney, GiroPay, CashU, Neosurf, Sofort, MoneyBookers, Yandex and the like
- The deposits can be made in a range of international currencies including USD, EUR and GBP.
Additional Information for Traders
Now we come to the broad trading details while dealing with CTOption as your broker of choice.
- Users can execute a minimum trade of $5 for a single position
- The maximum trading amount is capped at $10000
- In case, clients wish to trade more than the maximum amount they have to contact the account manager
- CT Option does not impose any limits on the number of positions a trader can open at any given instance
- Payouts range between 70-91% in case the option expires with a profit or in the money
- CT Option as a broker does not tax its users’ profit. The taxation policy on the profit is completely subject to the domestic taxation norms in the customer’s home ground
The Withdrawal Process
That brings us to the next port of call, the withdrawal formalities. Here is a quick summary:
- Clients need to submit a formal withdrawal request on the site’s banking page
- Before first withdrawal clients need to present compliance documents: Passport/Identity Card, Utility Bill and a photocopy of the credit card
- All withdrawal requests need to confirm the minimum withdrawal limit. The minimum limit is set to $100
- A withdrawal request that is pending and has not been processed is generally cancelled and the amount returned to the account capital
- Clients can use the same method to deposit and withdraw funds
- CT Option processes withdrawal requests within 2-5 business days. There is an addition of few more days in bank processing depending on the method of withdrawal that a client chooses
In a nutshell it would not be wrong to conclude that in the world of binary options, CT Option comes up as a secure and safe online platform to execute binary trades even for a newcomer in the market. Their transactional transparency, consistent performance, relative record of legal compliance and an overall focus on customer care and customer convenience helps them win continuous popularity and stand tall in the word of binary trading.
Their continuous strive towards attracting new clients, adding innovative products and retaining their existing client base not only helps them expand but also adds to the credibility of the firm. We have to keep in mind that CT Option have been around for over 4 years and has gained valuable experience and insight into this market.
So, if you are looking for an enthusiastic, consistent and transparent broker with a reliable binary trading platform, than you can’t go wrong with CT Option, especially if you’re a US citizen.