In my long experience as a Forex trader, I have learned much about the pro’s and con’s of Forex brokers. Each platform provider has its superior and inferior characteristics. The important thing is to keep the first category to the maximum possible level and the second to the most minimum possible level.
Being prepared for executing a successful trade means that you have to go through a tremendous amount of charts, articles and always try and keep yourself informed about the latest financial events. I think that staying aware of everything that occurs around the globe is crucial. Not only to Forex trading, but in general as well.
Most Forex platforms do not feature a copy trading feature. There are very few exceptions. CTOption is one of them. It is a type of copy trading and has been preferred by many online users. The present review will try and cover as many aspects of the web-based brokerage as possible. Continue reading if you would like to find out what they are.
Official Website: CTOption
Minimum Deposit: $250
CTOption – Operating on a Tested and Approved Platform
This Forex broker utilizes a highly efficient online platform to deliver its services to clients. It is called Panda TS 4 (Trading Systems) Ltd. And it is quite prominent and popular among creators of brokerages and financial institutions. The platform itself has been available since 2006 and has achieved successful results for many people. Otherwise, and I think all of us can agree on this, it wouldn’t continue to upgrade itself and be so preferred.
The manufacturer of Panda TS has also been releasing other successful products. They are mainly intended for upscale businesses.
Review Verdict: CTOption Is Not Scam
CTOption – Who are the Creators?
From what I was able to find out about this Forex broker, it was created not by one, but by a whole group of experts. Their background is mainly in the financial, computer and business spheres. Most of them are acclaimed technological prodigies. This is one of the main reasons why CTOption has achieved the level of popularity that it has and continues to maintain it for such a long period of time.
CTOption – Small in Numbers, But Solid in Performance Account Types
The Forex broker platform does not feature a wide variety of account types. But the ones that it does provide to online traders work quite fine and have amazing bonuses. I personally tried some of them and was more than content with the results I was able to achieve. And the greatest thing is that all of them offer 24-Hour withdrawal. After you show the brokerage a digital copy of identification documentation, they process your request just in a matter of a mere day. This period can drop to just a couple of hours.
A demo account is available to anyone who chooses to test and improve his or her investment skills. It is entirely free to sign up. You can use until you feel absolutely confident in yourself and have developed a technique that will best suit your needs.
But now is the right moment to mention the main account types of CTOption. They are listed as follows:
- Mini Account: Apart from the 24-hour withdrawal, other bonuses include: a minimum deposit of $250, 24/7 support, weekly market news and welcome bonus.
- Standard Account: As with most Forex brokers, the higher the monetary amount one is willing to place, the better bonuses and chances of payout. the he deposit here is $2,500 and the new special feature is the Personal Account Manager that is provided. All of the other bonuses are the same as in the Mini Account.
- Executive Account: The minimum deposit here is $10,000. Bonuses include Trading Guru Hangouts, no operational fees, daily and weekly market new, expedited withdrawals and a chance to win different prizes in contests organized by CTOption.
- Islamic Account: Everything about this account type is conducted in accordance with the Sharia law. If you decide to use one can do so without any additional or interest fees being included. They also provide solid services and a Personal Account Manager. There is also ‘No Riba’ Policy included. Traders are thus enabled to maintain a position open for an undetermined time period without having to pay anything.
The so-called Replicator of this Forex broker platform is a copy-trading feature. It allows users to mimic the investments placed by the most successful traders on the CTOption platform. On their profiles one can view how many people are following their steps as well as the expected success rate. I personally think that this is a superb feature that very few Forex brokerages provide.
CTOption Final Thoughts
I have personally tested this Forex investment broker and think that it operates pretty well. The users’ satisfaction rate is superb and most people appear to be quite content by the results it can achieve for them. In my years as a Forex trader, I have rarely come across a more reliable and trustworthy broker. I can recommend it for safe and secure trading to everyone!
Review Verdict: CTOption Is Not Scam