CTOption is a binary options trade broker that has been around for almost 2 years. It serves traders from over 80 countries and offer bilingual services to its vast customer base. There are currently 4 account types which traders can choose to work with to earn maximum profits. Each account type comes with its own unique benefits which you can gauge before deciding on the best one for your binary option trading.
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It is always highly advisable for new traders to try out the demo account provided by the broker you wish to work with. A demo account offers you a glimpse of the platform’s usability; you can check whether the platform is easy or difficult to work with, as well as helps you gauge how good you can be at making put and call trades. With CTOption’s demo account, you get to practice using different trading techniques as well as sharpen your skills. Furthermore, there are no fees or deposits required, thus you have a risk free trading period.
With the mini account, a deposit of between 250 and 1499 dollars is required. Traders can then enjoy 24/7 customer support, a trial account for the binary Replicator, an introduction to the lie trading room as well as access to the available online educational materials. There is also a welcome bonus on offer which the new traders can make use of.
Minimum deposits of between 1500 and 4999 dollars are required. The trader can then enjoy all the benefits that come with the mini account, with an additional advantage of a personal account manager, training from professional traders, a lifetime demo account as well as twice a week live trading room with free trade alerts.
Minimum deposits for this account are 5000 dollars. Traders can then enjoy all the benefits that come with mini and standard accounts, along with 20% refunds in the case of losses, Insurance policy agreements, FTG group trading for the long term and alerts that will be delivered 24 hours, six days a week.
This account is consistent with the Islamic Sharia Laws and is only offered in special occasions. Thus, for you to access this account you will have to contact CTOption’s customer care and ask for enrollment. The account does support the benefits that come with the other accounts, and no further fees or charges are applied to it.
You can choose from these four accounts which account type will best suit your trading needs. Some people find it useful not to spend too much time on the demo account and immediately enroll for the mini account upon completion of the desired period testing and honing their trading skills. As always, it is advisable to trade with money that you will be comfortable losing. Thus, it is not sensible to put all of your life savings into this, but rather start with smaller amounts as you advance from beginner to expert trader in binary options trading.