Is CTOption Regulated? – Under Investigation

  • Conclusion:

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    1. FBO has reasons to believe this broker may not be the best place to trade binary options. 

      Infinicore Limited is affected by complaints that traders may have regarding the way CTOption operates. While Fair Binary Options didn’t receive any such complaints, we cannot say if any other complaints have been handled by CTOption staff at Infinicore Ltd.

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      CTOption is not a regulated broker. While many traders may believe regulation as a broker status can solve their doubts regarding certain services or make their first step in binary options – choosing a good binary options broker, easier; the truth is that regulation itself is not more than peace of mind in this global industry.

      The best way to be sure one is picking a good service is to do some research before depositing money. This makes the CTOption’s status unimportant in the world where the regulation provides a baseline and a level playing field. This broker cares for the needs of their customers and is one of the most important facts to let readers know. Feel free to check our CTOption review and other Internet sources.

      Regulation of CTOption’s status is also unlikely since the broker has many US customers it would have to drop before receiving authorization from any non-US regulator. CTOption USA customers will be happy to know that this broker provides a good trading experience providing many important risk management and portfolio tools that help traders better manage their long-term and short-term risks and liquidity.

      By allowing USA customers, CTOption has become one of the rare truly global brokers since now they cover most of the world. Only some brokers can do that and, unfortunately, the selection of US brokers is getting smaller. CTOption USA accounts are still welcome and this broker will make sure traders feel safe and confident in the trading platform.

      Infinicore Ltd, CTOption

      While traders haven’t had any complaints with this broker, Fair Binary Options feels it is important to shed some light on the company operating the broker. We have wound out in our CTOption review that this binary options broker is run by Infinicore Ltd based in The Jaycees Building, Stoney Ground, Kingstown, St. Vincent. Traders can contact this broker by calling +44 (203) 519 2322 or writing and e-mail to [email protected] CTOption has a really nice trading platform we believe many brokers will be content with. This makes it easier to place trades and implement strategies. Infinicore Limited has gone a great deal to make sure this is available to US traders too.

      The possible existence of complaints isn’t the sole reason to think this broker is a fraud. Actually there is no company out there that hasn’t received a complaint about their service. What is important for traders and for us, is to see Infinicore Ltd handle these with care and we think they have been doing this since no complaints leaked to us.

      CTOption is really an innovative broker since they also use MT4/Panda TS platform which is not something one sees every day. Infinicore Limited decided to use this platform so that all traders get this top service for easier trading and technical analysis. They also claim their payment provider is FCA regulated, which is nothing new for brokers using UK payment service companies. but it may be assurance for traders.

      CTOption Withdrawal

      In order to withdraw from your CTOption account, you will need to go to your banking page and submit a request for funds withdrawal. It is important to note that upon their very first withdrawal, traders will be required to send compliance documentation to CTOption. The minimum withdrawal is 10 currency units. Traders are entitled to make a single withdrawal every month without incurring commission fees. Every additional withdrawal made within that same month will incur a fee of 30 currency units.

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      Traders may cancel pending withdrawal requests as long as the request has not been processed yet. In the event that the cancelation goes through, the withdrawal amount will be refunded into the trader’s account capital balance. Funds may be withdrawn from accounts via the same method through which the trader made their deposit. In order to make a withdrawal, the trader will require the following documents in accordance with the procedures of the CTOption Compliance Department:

      • A color copy of a valid government-issued ID such as your National Identity Card or Passport
      • A photocopy of a utility bill such as your electricity bill, mortgage payment or bank statement
      • A photocopy of the credit card that you used to fund your account, with its number covered, except for the first and last 4 digits.

      Traders on CTOption may withdraw their funds through various methods including all the major credit cards, wire transfer, as well as alternative payment methods. Requests for a withdrawal are typically processed within 2-5 business days. The time it will take will depend on the method of withdrawal that the trader has chosen, which is beyond the control of CTOption.

      • Credit/ Debit Cards: These are typically processed within 2 working days and take an average of 2-3 business days for the money to be reflected in the trader’s card or bank account.
      • Wire Transfer: These are typically processed within 2 working days and take an average of 5 business days for the money to be reflected in the trader’s bank account.
      • MoneyBookers: These are typically processed within 2 working days and take an average of one hour to be reflected in the trader’s account.
      • Other Methods: These are typically processed within 2 working days, with the time taken to be reflected in the trader’s account varying and being dependent on the particular method chosen.

      CTOption USA

      CTOption is one of the binary options brokers that accept traders from the United States. As global binary options business grows, many traders from the United States wonder how they can take part in this fun and potentially lucrative activity. Since binary options brokers which do not require an official centralized exchange bringing parties that want to trade together are not allowed in the United States, traders from this country must join some of the global brokerage houses that also accept US customers. CTOption USA is one such broker. They have adapted their payment systems and trading process to US standards in order to make it possible for traders from across the world, including the US, to take part in the binary options trading business.

      Since regulation possibilities from US authorities are non-existent, brokers that accept US accounts are unregulated. They cannot take regulatory protection of another national authority, such as EU because then they won’t be able to take US clients. This can encourage scammers, but since the pressure from the competition is immense, brokers must conform to some unwritten rules of good trade and positive business practice in order to ensure long-term success. This may be tougher than it sounds because without a way to convince traders they are safe, even if not regulated, they must solely rely on word of mouth in order to convince traders of their quality service.

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      CTOption does offer some nice services as part of its USA package which is actually also offered to other customers. There are various promotions that are presented to traders, current and new ones. Traders can get a welcome bonus, which will help them earn more cash if they use it right. One of the ways to use it right is another promotion by CTOption. It is called 1-on-1 training and it takes education to the next level by providing traders with the personal approach where they get a CTOption USA based analyst to explain them all the important aspects of trading. There are also more advanced courses where traders get real expert tips for survival in turbulent markets.

      Is CTOption a Scam?

      CTOption is under investigation.

      In the world of binary options, it is extremely important that traders who are new to the business take a deep look into some educational readings in order to figure out what binary options are and how to choose a great broker to start trading. It is very common to see reviews of binary options brokers that promise the world to their clients, but at the end, they are just a huge scam. This way, traders get frustrated and believe all brokers act the same, but this is not true.

      CTOption is one of the best binary options brokers to trade with, as it offers a great trading software, amazing list of assets to choose from suitable for the most demanding traders. If you are interested in trading binary options and being successful, then you should read our review of CTOption.

      As said before, it is extremely important for all traders to be 100% clear about all the information regarding the broker, so no misguided expectations may occur. Clients can use the FAQ section and other resources on their website to get more detailed information about trading, the asset list and also the account types available to trade with.

      Heavily based on Forex, the asset list has 28 currency pairs, as well as four commodity-based assets and 9 indices. A page with an economic calendar can be found on the website, which is a very helpful tool regarding trading news and market reports.

    2. Your capital is at risk
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