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Optiontime.com is yet another brand being offered by the folks over at Safecap Investments LTD. Unlike some other white label spin off’s this one is actually based on a new platform. This is one of the first brokers operating on the Keystone platform created by Markets.com. Markets.com is a CySEC regulated forex and binary options broker and platform provider, also owned by Safecap Investments. The broker, the platform and the Safecap empire in general, is CySEC and EU regulated, MiFIB compliant and protected under the Investors Compensation Fund. Optiontime.com has taken the further step to register with the individual member countries of the EU so that it can offer regulated binary options throughout the region.
The Investors Compensation Fund is a safety net for investment firms registered in Cyprus and the EU that helps to protect investors from fraud. This is one of the many benefits of CySEC and broader EU regulation. Another is the way in which Optiontime.com holds investor funds. Each depositor is protected up to €20,000. All monies are held by a third party bank or other financial institution that acts as a clearing company. This means that your money and the brokers money are never intermingled making your deposit much safer than with a non-regulated broker. Other binary options brands operated by Safecap include TopOption, Winner-Option and several others.
The new platform behind this broker is Keystone Trading Technologies. If you are familiar with other Safecap brands you will know they are powered by Markets.com, Keystone is actually an offshoot of Markets.com and is a total-solution platform designed specifically for binary options. The platform includes short term 60, 90 and 120 second trading as well as 15, 30 and 60 minute expiry. Included with the platform are many of the features you will find on a Markets.com broker. The asset list is quite comprehensive and has something for everyone, making it good for well rounded traders. There are at least 180 available assets ranging from stocks to indices, forex pairs and commodities. There are over a dozen currency pairs, two dozen indices, dozens of stocks and 8 of the most heavily traded commodities.
The platform itself has 5 different ways to trade. The “Classic Time” is the standard high/low binary trading. Pick an asset, pick an expiry and place the trade. The “Pro Master” is a more advanced area of the trading platform that allows you to apply Fibonacci, RSI and a few other tools to the charts provided in order to fine tune your trades. “Speed Trading” is what you might guess; this is where you find the 60 second, 90 second and 120 second options. One touch is standard one touch trading you would find anywhere else. It comes with the highest returns and the highest risk. “Touch In Time” is a new twist on the touch trade and allows you to make predictions if the asset will or will not touch the strike price in a set time, kind of like a cross between 60 Seconds and Touch.
Broker Extra’s And Potential Drawbacks
There are a few extra’s to consider when looking at this broker. First they have a buy me out feature. This is allows you to sell options before expiry if you want to cut losses or lock in profits. The feature is only availabe the hour before the option expires which is and isn’t a problem. It isn’t a problem because they only have options with expiry going out to one hour. The problem is they only have expiry going out to one hour. I myself prefer to trade on weekly or montly expiry to catch longer term, and more reliable, market movements. Another bonus is the Rollover feature. As an individual feature this is nothing new, it is something I have seen at more than one broker but it is a nice addition that not all have. If you don’t know what that is it means, for a small additional fee, you can extend the amount of expiry on the option if you think it needs more time become profitable. Both the Rollover and Buy Me Out features are not available all the time or on all options, a small drawback but one that may make them useless for serious trading. The same give and take occurs when you check into the more advanced Pro Master trading. There are some more advanced charting features than what you would find in most binary brokers but not enough for serious trading. You will still need to get your charts some where else in order to do real technical analysis.
What’s The Verdict?
Optiontime.com has a lot going for it but maybe not enough to make it a serious choice for traders. It’s regulated throughout the EU as a CySEC investment company. It comes from a family of binary options brokers that are also regulated and respected in the industry. It is based on a new platform designed specifically for binary options by the team at Markets.com and it has a decent offering of options, assets and expiry. I think the expiry’s are very limited and will keep the longer term traders away but if you are only into day trading this could be the broker for you. However, even with the extra features there isn’t anything new here and nothing that you can’t get with other more established brokers. I will be keeping my eye on the new Keystone Platform to see how it develops because it could the features that will set it above all the rest. For now it could get lost in the crowd.