OptionsClick is an established binary options broker which is owned and operated by a group of veterans from the Forex industry. It has rapidly established itself as one of the premier brokers for trading options contracts and now features one of the most complete platforms available to the trader.
The governing principles of this brokers are ‘financial rewards’, ‘fairness’ and ‘freedom’. These are principles that is aims to adhere to in all of its client dealings.
- Account Opening Deposit Requirement – $200
- Minimum Trade Size – $10
- Account Handling Currencies – USD, GBP, EUR, SEK, CAD, DKK, NOK
- Contracts Available – Call/Put, One Touch, Boundary
- Typical In The Money Returns – 70-85%
- US Traders – NO
- NO LONGER ACCEPTING NEW CLIENTS
Review of OptionsClick
The Options Click binary options trading platform makes use of the Techfinanicals trading platform. This is one of the best binary platforms on the market and offers many leading trading features. Principially it offers access to a number of different assets and types of binary contracts which can be placed over a wide range of time periods..
The range of assets on offer here is good. All the major asset classes are offered and most of the principle assets that you would expect to be able to trade are catered for in each category. Of note there are also a few exotic currency pairs which can be traded on Forex that you won’t typically find offered at other brokers.
Contracts offered include the binary Call/Put, One Touch and Boundary. The Boundary contract lets you specify an upper and lower level in the selected market that you believe won’t be touched over the duration of the contract. You can chose for the price to finish ‘inside’ or ‘outside’ of the range at the expiry time to earn your return. This is a particularly nice trade and in that you can use it to profit from both volatile and non volatile markets.
The payout that you can earn for a successful ‘in the money’ contract expiry is at the upper level of that offered in the industry. Typically you can earn between 65-85% for a higher/ option contract that finishes in-the-money.
Opening An Account
As with all brokers registration is free and the process of setting up your account is simple. Advanced traders may like to take advantage of the VIP and Custom program that is offered. This provides additional features such as insurance coverage for incurred losses and also higher pay outs for in-the-money contracts.
Account funding is made by both Credit/ Debit card and direct wire transfers from your bank. Withdrawals are subject to the standard processing times for the method used.
A key feature of this broker is that you can operate your account in a wide range of account holding currencies. This will be of interest to international traders who like to operate in their local currencies. The full range of currencies that accounts can be held in are as follows – USD, GBP, EUR, SEK, CAD, DKK and NOK.
OptionsClick Mobile App
Mobile trading can be carried out by accessing the main trading platform via a mobile device, although presently, no specific mobile trading application is available.
Summary Of Key Features
- Solid trading platform with a good range of contract options
- 10% return given on all ‘out of the money’ contract expiries
- ‘Buy me out’ feature to sell option contract back to broker prior to expiry
OptionsClick offers a competent and well thought out binary trading solution which will appeal to both new and experienced traders. The low investment of $10 per contract makes this particularly suited to new traders who are just starting out, while equally, the high returns will prove attractive to those who have experienced binary options before. The wide range of contract options allows all traders to implement strategies to profit from a range of price action outcomes across the assets offered.
Global traders will also like the fact that they can operate their account in a wide range of different regional currencies. Overall this broker provides a sensible solution for those who are looking to start out trading on the financial markets with binary options.