OptionField.com review. OptionField offer binary options trading, demo account competitions, three trading platforms (Webtrader, desktop and mobile) and Classic, Pro and Elite Account type options.
They a relatively new broker claiming to have the best customer service and guaranteed withdrawals. The company is owned by Optionfield Limited, a company registered in St. Vincent and the Grenadines, reg. # 24466 IBC 2018.
Minimum Deposit:€/£/$5 (€/£/$100 is recommended)
Payout: up to 93%
Bonus: Discounted Pro Account access, Plus 10% cashback (T&Cs apply)
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The trading platform is arguably a decent one, it is based on the MT4 desktop application and powered by the MT4 Binary Options Plug-in available through the broker. (the plug-in is proprietary to OptionField and does not work with other brokers).
To trade simply click on the asset in the MarketWatch window to open a chart, double click to open a new trade window. When the trade window is open you can choose expiry and direction, then click enter and your trade is set. They also have a mobile app so you can trade on the go.
The platform is offered on desktop, via the mobiel
Expiry is set up just like the old-school binary brokers, the shortest is 60 second and goes up to several intraday and end of day type expiries, There are no long term options available.
The asset list is OK, if you like trading forex, but all you will be able to trade is forex (that’s what MT4 is set up to do) and a pair based on gold/USD. They have had at one time Cryptocurrency trading but they disabled it because “ interest was not as high as we expected, we suspended them for now”.
The best part of the platform is that it is MT4 and comes with all the bells, whistles and tools you would expect to find. The binary platform even allows you to trade with Expert Advisers.
Demo trading is available but you have to give them a full sign-up in order to use it. The plus is that they have demo contests where you can win real money (no deposit required) he prize level is currently $2000.
Deposits And Withdrawals
Deposits are super easy as they always are, and facilitated by credit cards, wire transfers, eWallets and cryptocurrency. You can deposit in BTC, LTC and ETH among the many other methods available. In all cases save wire transfer the funds are available for immediate use. The recommended deposit is €/£/$100, but the actual minimum is €/£/$5, with a $5 minimum trade but it comes with almost no features.
The next highest level, the Pro level, has a minimum deposit of $2000, a $10 minimum trade and some features. The current promotion at OptionField offers Pro Account access for $500, not $2000.
Withdrawals are guaranteed, but timings can vary. The firm aim to process withdrawals in a few hours, but at most 1 day. Withdrawals can also be impacted by a number of different bonuses that will require a 50X turnover of the bonus amount. So consider the full T&Cs before opting into a bonus – you can always opt out.
The current bonus offers include discounted Pro Account access, and also 10% cashback on crypto trades. Terms and conditions apply, including turnover requirements – check them carefully to ensure any bonus will work for you and not cause you to over-trade. The bonus schemes require you to “opt in” to them – they are not compulsory or automatic.
As a relatively new brand, OptionField have not attracted any complaints to us yet. As ever, check all T&Cs for bonus offers or competitions, and supply all the relevant ID for a withdrawals well before time. These remain the two biggest causes of disputes between trader and broker.