In this OptionStars Review, we will be giving traders an overview of all the important elements that this binary broker offers to its traders.
During this binary options broker review, we have researched a couple of segments that we feel are the most asked for when it comes to brokers in binary options and general financial trading. Seeing that OptionStars is a relatively new broker on the market but is drawing in a considerable amount of traders of all profiles, this review will enable traders to recognize if this particular broker is the one that will potentially suit their online trading needs.
There are several account types offered by this binary options broker. Like we mentioned in the introduction, OptionStars seems to be attracting a large number of new traders but they still need to make sure that what they are offering is going to be above that of the potential competition.
With that in mind, Option Stars has three different accounts which are aimed at different trader needs and preferences.
Minimum deposit from $1000 to $4999, Introduction video course and Weekly market reviews
Minimum deposit from $5000 to $9999, Advanced video course, 3 trading strategies, Introduction video course, Daily market reviews and a Senior account manager.
Minimum deposit $10,000, Introduction and advanced video course, 5 trading strategies, Dedicated account manager, Same day withdrawals, Daily market reviews, Weekly market reviews and Weekly one-on-one trading sessions.
Considering that the minimum deposit amounts seem very large in contrast to other binary options brokers on the market, we can conclude that OptionStars is focused more on drawing in traders with a substantial amount of experience and knowledge and who will feel comfortable and ready to trade in a more volatile type of trading environment.
This binary options broker does offer a Demo Account which has to be activated by contacting your respective account manager. The Demo account comes with $5000 virtual money and is available solely for traders who have made their initial deposit.
OptionStars uses a Tradologic platform which is very popular among other binary ooptions brokers due to its high sophistication and functionality. As usual, traders will be able to trade the usual underlying assets like commodities, currencies, indices and stocks with expiry times that correspond with different time ranges. This means that traders can choose to trade long term or short term binary options.
OptionStars also offers mobile trading for those types of traders that prefer to be able to trade wherever they might be. That way you are not restricted by needing to stay at home near your computer in order to place trades. This binary options broker has made their platform available for both iOS and Android devices.
The website itself very functional and offers all the needed and sought after info organized nicely and logically. We are sure that you will be able to find any information you are looking for by accessing the website as it is filled to the brim with useful information.
During this binary broker review, we decided to test the capabilities of the customer support section as this is one of the most important element of a good broker.
We have noted that the customer support can be contacted via Live chat which is obviously the fastest way. In case you wish to send your inquires or comments some other way, you can do that by an online form available on the OptionStars website or an email. The website itself is available in multiple languages: English, French, German, Italian, Russian, Spanish and Arabic.
When it comes to the education provided by this binary broker, traders can peruse through the Academy section which is packed full of useful information. Traders can can access different learning materials, market analysis info, video analysis and calendar.
When you click on the Academy section directly, you will see that it is organizationally divided into several important subsections: Binary V.O.D., Economics, Advanced Course and Binary e-book.
It is clear that this broker has invested a substantial amount of time into creating a very well organized website that is accessible to traders of all preferences and types.
OptionStars is a binary options broker under Novox Capital Ltd, Cyprus. IT has CySEC registration under number 224/14.
According to the website FAQ section, OptionStars accepts a wide variety of payment methods, including Visa, MasterCard Credit, Neteller, Skrill and Bank Wire transfers. However in order to deposit via bank wire transfer, you must first speak with your account manager before making your first deposit.
When it comes to the withdrawal process, the requests can be made for the minimum amount of $30 or any other chosen currency. Obviously, traders can only request a withdrawal process if and when their accounts have been fully verified which will depend on the traders provision of the required documents. The limit for providing documents is 7 days, after which, if the documents are still not sent, the withdrawal request will be cancelled. Withdrawals will generally take 2 to 5 business days to process, although this is subject to change.