Optionsclick is not a new broker and that is a good thing. This company has been around since 2009, regulated since February, 2014, and operating as a top binary options broker the whole time. A few things I like about this one; its built on TechFinacials, is well regulated, has a symmetrical bonus system and also, just in case you were wondering, good trading too.
Update June 27th, 2017 – OptionsClick parent Lead Capital Markets, LTD has opted out of the binary options business and is actively shutting down operations.
The Geek’s Review Of OptionsClick
OptionsClick is owned and operated by Lead Capital Markets LTD. They are located at 9 Kafkasou St, Treppides Tower, Aylantzia 2112, Nicosia, Cyprus. This broker is fully regulated, first by CySEC license #227/14 and backed up by local registrations in 29 EU member nations. Lead Capital Markets LTD is also licensed to provide services in non-member nations where accepted, but not in the US. Telephone number is 22 418 218. Operations are compliant with CySEC and the MiFID, investors are protected up to $20,000 under the Investors Compensation Scheme.
The website and platform are top notch, both have a great look, are easy to use and full of information. There are 5 option types; high/low, above/below, 1 touch, Range and 60 Seconds. Payouts range from an average 80% for high/low to 250% for above/below and higher for touch and range options. Expiry ranges from 60 seconds (includes 60 seconds, 2 minutes and 5 minutes) to intraday (15, 30, 60 min etc), end of day and end of week.
The asset list is phenomenal, I’m not just saying that. There are just over 100, not the most on any website but more than enough. Where the list runs short is on the stocks, only 45, the other asset classes really shine. 18 indices including mid East, India and others. 28 forex pairs, all the majors, most of the secondaries including the ruble, Mexican peso and many more. 8 commodities including gold and oil, the usual, and also copper, corn, coffee and sugar.
Banking With OptionsClick
Banking with OptionsClick is safe and secure, backed up by the MiFID and Investors Compensation Fund. Deposits can be made by credit card, wires or eWallet. EWallets include Skrill, Netteller and CashU, cards include Visa, MasterCard, Diners Club and Discover. Withdrawals can be made back to the same source, I recommend eWallet for ease of use and speed of withdrawals. Minimum deposit is $250, minimum trade size is only $10.
Withdrawals are quickest with eWallet, as quick as same day. Other forms can take up to 10 days. There is no minimum withdrawals and bonuses do not tie up your deposit amount. Bonus terms are really nice, turnover is high, 60X bonus amount, but the symmetrical system makes it easy to live with. At no time is your deposited money tied up by the bonus, you can’t withdraw the bonus but you can withdraw your money. This is called the cash balance, versus the total account balance.
Profits can also be withdrawn if you have a bonus, but on a symmetrical scale. The cash and total account balance are used to determine what percent of your account is real money, and how much is bonus money. This percent is applied to all trades and their profits. If your account is 80% real money, then 80% of the profits are available as cash balance to be withdrawn, pretty dam cool.
Social Trading With OptionsClick
Regulation, platform and bonus terms make this a good broker for anyone, social trader or lone wolf. There are nocopy trading features but I don’t consider that a drawback, most copy trading sucks anyway. They do have a trader sentiment bar you can use to judge where the market is heading but that is about it. The platform itself is pretty good though, and can be used to follow signals or tips if you don’t have your own strategies.