OptionStars Broker Review
Customers all over the world can choose from an outstanding variety of underlying assets at OptionStars in the areas of futures, commodities, indices, equities, and currencies. Their trading software is unmatched, and they offer numerous options to get in touch with them, including the quick chat option. Additionally, they guarantee appealing incentive offers to both current and newly registered consumers to enhance their trading experience.
Review Summing Up
Bonuses: 50% Software: 60% Client support: 80% Options: 90% 70%
Excellent broker
Summary: A dependable broker
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Intro
Aiming to make trading accessible to both people with no prior expertise in the financial markets and those with some, OptionStars is an online binary options broker. This broker has a lot to offer its customers, including sophisticated charting features and a quick mobile trading interface. They provide a choice of three different account types, each with their own advantages and benefits, allowing customers to chose the one that best suits their needs from a huge array of underlying assets.
At OptionStars, you can claim your bonus.
OptionStars is a division of New Markets SA, a Samoan corporation. This broker claims to give its clients segregated accounts for them greater protection and peace of mind even though it does not appear to be licensed or regulated by any recognized agency. Additionally, customers get up to 20,000 Euros in financial crisis insurance. This broker does not allow traders from the United States, France, or Turkey to use its website.
Assets at Hand
Over 100 different assets are accessible for trading on OptionStars.
Currencies – 117 Futures – 31 Indices – 11 Commodities – 10 Stocks – 7 Bonuses & VIP Programs
OptionStars claims in its terms and conditions that it provides benefits to both its current clients and those who have just registered, but no specifics are given regarding the nature of these bonuses. However, it does specify that before any profits may be withdrawn from the client’s account, there must be a trading volume of 40 times the initial amount. For its high volume clients, OptionStars additionally provides a higher level VIP trading account. These clients can take use of a few extra benefits, such as weekly one-on-one trading sessions, access to an advanced level training course, and a personal account manager.
The user-friendly 100% internet-based trading interface provided by Mobile OptionStars enables quick and easy trade execution without the need for memory-intensive program downloads or installations. Additionally, it means that traders are not restricted to their personal computers and may access their trading accounts and execute transactions using any internet-enabled device from anywhere in the world at any time. This broker also provides a useful mobile app that may be downloaded without charge from the broker’s website, the Google Play Store, or the Apple Play Store. It enables traders to swiftly place trades and access their accounts in the most practical way from their tablet or smartphone while on the go and away from their workstations, allowing them to take advantage of trading circumstances at a moment’s notice. It is compatible with both Android and iOS devices.
Cash in and cash out
For transferring money into and out of accounts, OptionStars provides a constrained selection of payment methods. These are as follows: Visa and MasterCard
• Bank transfer; debit card
Debit or credit card deposits are immediately visible in the client’s account; however, bank transfer deposits may take up to 5 days to show up. The minimum withdrawal amount is 30 units, or 300 units if the withdrawal is made via bank transfer, and the minimum deposit amount is 250 units of currency. The maximum deposit amount is not constrained in any way. Withdrawals are promptly and simply requested through the client’s account and are swiftly and securely completed within 5 working days. Customers are entitled to one free withdrawal each month, however any additional withdrawals will incur a cost of 30 currency units.
Customer Service
The OptionStars customer service team is accessible from 7 am to 11 pm GMT on Monday through Thursday and from 7 am to 9 pm on Friday. The crew is not accessible on weekends to answer questions or handle any problems. There are several ways to get in touch with them, including by:
• Web form; live chat; telephone helplines in Germany and the UK
Additional Resources and Features
Customers of OptionStars can take advantage of many great features and resources, including learning tools like video classes. These are divided into levels so that customers can access the one that best suits their degree of experience. In order to help customers make informed decisions about their next transactions, their academy also provides additional services like an up-to-date economic calendar, market news, and market summaries. In order to enhance the client’s trading experience, this broker additionally guarantees cutting-edge charting tools.
Verdict
There are a number of benefits to take into account when using OptionStars as your go-to binary options broker, but there are some drawbacks as well:
Pros:
Pros include cutting-edge trading software that can be used by both seasoned and new traders; a 100% online trading environment that doesn’t require downloads or installations; and mobile apps for iOS and Android devices.
• Telephone lines in the UK and Germany;
• Immediately available customer service via the live chat feature
• Accessible market news and information
There are bonuses, three different account types to choose from, free instructional materials for clients of all skill levels, sophisticated charting features, a multilingual website, segregated accounts, and SSL encryption for transactions.
Cons
• No e-Wallet payment choices;
• Not regulated or licensed by any recognized authority
• There is no 24-hour customer assistance; clients from the USA, France, and Turkey are not accepted;
Binarex Evaluate
Trading forex on an alternative platform is rather different from trading at a forex broker, which you may be accustomed to. Tradologic, a provider of forex trading platforms, created the Binarex buying and selling platform. We are happy to see that it offers a really good charting feature, with lots of options for us to customize the settings to our preferences. There are currently 12 forex pairs, 5 market indices, 3 commodities, and 2 shares available as underlying assets (9). Expiry times are currently displayed every 15 minutes on the hour. You may buy mobile apps for iOS and Android.
You must be aware that each Forex Trading contract ranges in price from $1 to $99.
For instance, a name currency with a value of 30 can cost $30 and have a maximum potential gain of 70 (233%).
Binary Choice Exchanges charge commissions on each trade, and at Binarex, the amount ranges from $1.50 to $3 each trade. Paying a charge is unquestionably a good idea when trading currencies online because many forex brokers will take the other side of your transaction and hope you lose. People use exchanges to conduct their business because it provides a more honest environment for trading.
The minimum deposit required to open an account is $250, and those who deposit over $500 initially are currently eligible for a few days of fee-free trading.
FAQ
Which options are available for trading through Options Bank?
The four distinct option products this broker offers include:
• Put and Call Options
• Range • Turbo Trading (30 seconds)
• 1 Touch
Using a mobile device to trade with OptionStars is possible.
Brokers like OptionStars are mobile optimizing their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet-enabled device through the provision of a 100% web-based platform. As more traders choose to execute trades from their mobile devices like smartphones and tablets on a regular basis. You can use the online trading interface on any Android or iOS smartphone from anywhere in the world because no software needs to be downloaded or installed. OptionStars also provides its customers with a mobile app that can be downloaded for free to an iOS or Android tablet or smartphone, making trading on the go even more convenient.
Does OptionStars provide a variety of accounts?
To meet the demands of both novice and experienced investors, OptionStars offers three different types of accounts. Their entry-level Bronze account requires an account balance between $1,000 and $4,999. This grants access to a single trading technique, regular market analyses, and a trading education for beginners. The balance needed for their Silver account must be between $5000 and $9,999. Along with this, you have access to the beginner and advanced video courses, three trading techniques, daily and weekly market reviews, and the services of a dedicated account manager. Their top-tier Gold account, which demands a balance of between $10,000 and $50,000, offers five trading strategies in addition to daily and weekly market reviews, access to all video courses, a dedicated account manager’s services, and weekly one-on-one trading sessions. It also includes access to all of their video courses.
Is there a fee to sign up with OptionStars?
There are no hidden fees or costs for the client to be concerned about when registering with OptionStars as their preferred binary options broker.
Which currencies are accepted by OptionStars for trading?
For the convenience of its clients from all around the world, OptionStars allows five different types of international money when opening trading accounts. These consist of:
• Euros
US dollars, British pounds, Canadian dollars, Australian dollars, and other currencies
It is no longer possible to change your currency at a later time once you have chosen your account’s base currency.