OneTwoTrade is one of the newest legal European and UK binary options brokers. The company launched its operations in 2013 and one of the first things it did after that was to acquire licensing and regulation in the European Union.
Read the below OneTwoTrade review in order to learn more about this binary options broker.
Platform and Software
OneTwoTrade has a modern and advanced binary options trading platform. Once you enter the broker’s website you will see that the website is very elegant and stylish, built to reflect the web standards and styling norms used these days.
The same is also valid when it comes to the actual trading software itself. The platform is very easy to use and to understand. The trading platform has only a reduced number of buttons and menus so that traders won’t get overwhelmed. Only what is absolutely relevant and useful has been kept.
The trading platform used by OneTwoTrade is also full compatible with mobile devices such as smartphones and tablets. Traders can also download proprietary smartphone and tablet apps for trading purposes if they don’t want to use the broker’s mobile website.
Binary Option Types
OneTwoTrade offers most of the existing binary options contract types such as high/low options, one-touch options and 60 seconds options. Beside these traditional option types the broker also offers long-term options.
During 2013 I expensively written and blogged about the future of the binary options business and always said that the industry could only mature if brokers introduce long-term options. Long-term options are contracts with expiration dates (the moment in time when your prediction will have to come true) of several days and even weeks.
I said that because long-term options are the option types that generate most profits for traders. The reason for this is very simple: The longer an option takes to expire, the more accurate your predictions will be, as you will have significant amount of time at your disposal to do research.
OneTwoTrade is one of the first brokers to introduce long-term options, effectively ensuring that binary options can finally be considered a real form of trading and investing, as it should be. (It’s also good to know I was one of the few – most likely only – finance bloggers who predicted that this would happen ☺ ).
In order to be able to use advanced strategies and diversify your trading portfolio, OneTwoTrade made sure to offer a large selection of assets. You can see the partial list of assets below:
Stocks: Aljazira Takaful Taawuni, National Australia Bank, Commonwealth Bank, Shadco, Amana, BMW, Moller Maersk, Carlsberg, Vale.br, China Life Insurance, CNOOC, Cheung Kong, Yandex, Woodside Petroleum, Mobile Telesystems, Siemens, Deutsche Bank, Allianz, Al Rajhi Bank, Axis Bank, Salesforce.com, Mastercard, General Motors, SAP, Wal-Mart, Sony, Las Vegas Sands, BHP-AU, McDonald’s, AIG, Telefonica, BHP Billiton, Danone, Nissan Motor, Unilever, Gazprom, Apple, Microsoft, [and like 100 others]
Currencies: USD/JPY, AUD/USD, USD/ILS, EUR/USD, GBP/USD, GBP/EUR, USD/ZAR, USD/SGD, NZD/USD, GBP/JPY, GBP/CHF, USD/HKY, CAD/USD, AUD/JPY, EUR/AUD, USD/INR, NZD/JPY, EUR/NZD, AUD/CAD, CAD/GBP, USD/NOK, USD/BRL, USD/SEK, USD/MXN, USD/PLN, EUR/DKK and more.
Indices: TADAWUL, DUBAI, KIWAIT, MICEX10, NASDAQ, BOMBAY SE, S&P 500, DAX, CAC, FTSE 100, DOW, HANG SENG, SSE180, NASDAQ FUTURE, NIKKEI 225, KL FUTURE, STRAITS TIMES, ASX, TEL AVIV 25, TOPIX, BOVESPA-F, IBEX, NIFTY, JAKARTA SE, CAC FUTURE, DAX FUTURE, S&P FUTURE, RTS, PSI 20, KOSPI, OMX C20, QATAR, SHENZHEN 300, TSX 60, TAIEX, DOLLAR INDEX, EURO STOXX 50.
Commodities: Gold, silver, platinum, sugar, oil, wheat, corn, coffee, gold/JPY, gold/EUR, gold/TRY.
The standard payout rates offered by OneTwoTrade are of 85%, which place the broker among the top-paying binary options brokers. You can however get payout rates several times higher than this, even up to 400% in case of option contracts such as one-touch options and 60 seconds options.
Obviously, the options with lower payout rates are easier to win and predict than those with higher payout rates. If you are a newcomer then you should stick to lower paying options in the beginning. Once you get more experience you can attempt to crack the ones with the 400% payouts.
Bonuses and Promotions
OneTwoTrade does not have a permanent bonus structure but it does offer bonuses on a regular basis. Depending on the time period you register, you can get a bonus of around 50% to 100% of your initial deposit.
One very important thing that you will have to keep in mind is that if you accept the bonus then you will not be able to withdraw your deposit amount and bonus amount until you have traded them 20 times.
This means that you should only ask for the bonus if you are in for the long term. If you are in for the long term, then accepting the bonus can potentially double your trading money, however if you just want to make a quick $200 deposit to test the broker and then if you don’t like it withdraw, then you should definitely not ask for the bonus.
Deposits and Withdrawals
You will be able to deposit and withdraw money at OneTwoTrade using multiple payment processors such as Visa, MasterCard, Neteller, Moneybookers and bank transfer.
You can deposit an amount as low as just £200 in order to open an account at OneTwoTrade.
Withdrawals are processed by the broker within maximum a week after they have been requested.
OneTwoTrade is licensed in the European Union member state of Malta. The Maltese license clearly means that the company is not a scam. Malta is a member of the European Union and all is licensing laws and regulations must comply with general European Union regulations (United Kingdom included).
One of the consequences of the broker’s licensing and regulation is that the broker is obliged by the law to separate the money it uses for operational expenses from trader deposits. What this means is that in case the broker ever goes bankrupt then traders can be refunded without problems.
Being licensed also means that the broker is legally obliged to execute all withdrawal requests from traders. You can’t play with these things as a broker if you are licensed in the European Union.
I believe that OneTwoTrade brings a breath of fresh air into the binary options business by offering long-term options as well as being regulated and licensed in the European Union.
If you want to sign up at OneTwoTrade then you can do so by going to the broker’s registration page. Likewise, feel free to check out our binary options strategy articles if you want to increase your winning margins in binary options.