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OptionsRoom Broker Review

  1. Established in 2017, Optionsroom is the brand name of the binary options broker, owned and operated by SDT Brokerage Corp. The company is privately-owned with headquarters in Singapore and offices located across the globe. SDT Brokerage Corps is registered as a licensed investment firm in the Republic of Vanuatu, an island state in the South Pacific Ocean. The address is
    Law Partner’s House, Lini Highway, Port Vila, Vanuatu. Customers’ funds are kept in a segregated account to protect them in the event of the company experiencing financial difficulties. Traders at OptionsRoom can trade binary options on the proprietary ‘award winning’ trading platform featuring an intuitive interface for easy use. Binary options cover a diverse selection of financial instruments including Forex currency pairs with up to 89% profit, Commodities, Indices and Stock options.

  2. Customers making a deposit to their Optionsroom accounts may be offered a bonus to use in trading, at the discretion of the company. Significantly, bonuses come with specified terms and conditions that must be fulfilled, before funds can be withdrawn making it important to study the terms, before accepting any bonus. Optionsroom states that a trading volume totalling up to 50 times the amount of the bonus will need to be executed before any funds can be cashed out from the customer’s account. If not, the bonus and profits made with the bonus are removed from the customer’s account. An example given in the bonus terms and conditions on the Optionsroom website, is that following a $5,000 deposit and a 70% bonus of $3,500, customers must complete a trading volume of $175,000 before the bonus has been ‘earned’ and funds withdrawn.

    Account Types

    Customers at Optionsroom can choose from three types of regular trading account for trading binary options. The Beginners, Expert and Diamond accounts. Additionally, to meet the needs of traders with diverse requirements, there are three commission-free VIP accounts, Standard, Gold and Platinum, providing the opportunity for extra returns. Holders of any of the VIP accounts get access and service not provided with the regular accounts. Customers interested in setting up VIP accounts should send an email to customer support to discuss the deposit requirements.

    Beginner’s Account

    To set up a beginner’s account, customers need to make a minimum deposit of $200. We found this confusing as the minimum deposit requirements in the Banking section at Optionsroom stipulate $250. This apparent discrepancy can be clarified by sending a quick message to customer support through the form on the home page at the time of opening an account. Beginner’s account gives traders a possible return on investment of 83%, a personal training session, alerts by email and TP and requires a minimum trade amount of $10.

    Expert Account

    For an Expert account, a minimum deposit of $20,000 is required and the minimum trade amount is $20. However, the possible return on investment is 85% and traders experience live trading and training sessions with experts.

    Diamond Account

    To determine the minimum deposit for the Diamond account, customers need to speak to the dedicated account manager after registration of the account. Significantly the Diamond account platform is customised for higher trading limits and exposure. Whilst the minimum trade amount is $100, traders benefit from a possible return on investment of 89%.

    Standard VIP Account

    Holders of the commission-free Standard account get access to 24-hour customer service and no restrictions on assets traded on the trading platform. Moreover, they can use all the binary options types. These are the Hi/Lo, Boundary, Touch, 60 Second and exclusive High Yield options.

    Gold VIP Account

    By opening the commission free Gold VIP account, traders receive all the advantages of the Standard VIP account described above. Additionally, a personal training session with an expert at Optionsroom PLUS a 2% extra return on every trade!

    Platinum VIP Account

    As a commission-free Platinum VIP account holder, traders get everything given to Gold VIP account holders. However, not only do they enjoy a personal training session with an expert but consultation with a dedicated coach at any time they want. What’s more, they get an extra 4% return on every trade.

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  5. Optionsroom claims that its proprietary trading platform has won industry awards and is the ‘most advanced hi-tech binary options trading platform in the industry today’. Significantly, the platform offers four different types of trading options. The first and perhaps the most popular is the ‘Hi/Lo’ trading option that is the classic binary options method of trading. Specifically, traders must predict whether the price of a chosen option will go higher or lower than its current level within a precise time frame. The second type of trading option is the ‘One Touch’ option where the trader receives a profit as soon as the target price is reached, within the pre-set time limit. A third type of trading option is the ‘Boundary Option’, where traders need to predict if an asset price will reach a specified price range within the timeframe. The final option type is the 60 second instrument, where traders predict whether an asset price will go higher or lower within a 60 second expiry time.

    The Optionsroom binary options trading platform has a user-friendly interface with an extensive list of assets for binary options trading. These include Forex currency pairs, commodities, indices and stocks. Moreover, the platform is secure and allows traders to enjoy fast, easy trading whilst having direct access to video tutorials and customer services.

    Trading Alerts/Signals on the Trading Platform

    The Optionsroom trading platform provides clients with three types of trading alerts/signals created by Faunus Algorithmic Trading Models. These comprise of 1 hour, 30 minutes and 15 minutes signals. Notably, from the time an alert appears on the screen, traders have 5 minutes to act on the signal. The Faunus algorithms are designed to ‘mine’ the very latest statistics and data across 200 asset types. Based on information collected, trading alerts are created to signal to traders, the optimal assets to trade in a particular time frame.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  7. From our location in Europe, we saw that Optionsroom provides an email address for customer support on the website along with a telephone and Fax number in the USA. However, the company states that it has 13 international telephone numbers on Optionsroom contact pages across various global locations and customers are invited to contact the number nearest to their own location.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  9. Optionsroom uses 128-bit SSL encryption technology from Thawte, to provide the highest level of security for banking transactions. Currently, trading accounts can be established in US Dollars, Japanese Yen, Russian Roubles, Euros or GB Pounds. Significantly, customers need to deposit in the currency that will be used to operate the trading account at OptionsRoom. Customers registering an account with Optionsroom may choose to deposit funds using bank wire transfer, the credit/debit cards: Visa, Mastercard, Maestro, Delta, Diners Club, Carte Bleue, Laser, Discover, Dankort and CartaSi or the digital payment methods Skrill, PayPal, Webmoney, CashU and Neteller.

    Withdrawal Policy

    Withdrawal requests are processed as quickly as possible after customer verification is complete. However, we found no information provided on the website about the expected time frame. Minimum withdrawals from Optionsroom vary between bank wire transfer and other methods. When customers request a withdrawal by bank wire transfer, the minimum amount must be 1,000 USD/EUR/GBP, 100,000 Japanese Yen or 70,000 Russian

    Rouble. By other methods, the minimum withdrawal amount is 100 USD/EUR/GBP or 10,000 Japanese Yen. We did not see the minimum amount for withdrawing Russian Roubles by other methods. Importantly, withdrawal requests must be made by email, using the downloadable withdrawal form in the Banking section on the Optionsroom website.

    Withdrawal Fees

    Withdrawals by bank wire transfer are subject to a fee of 20 GBP, 30 USD, 25 EUR or 2,500 Japanese Yen. For withdrawals by Skrill, the fee is 2% and by Neteller or PayPal it’s 3.5%. Fees for withdrawals to credit cards are 3.5%. Notably these fees are taken by Optionsroom for processing withdrawal requests. Customers may be charged additional fees by intermediary banks or credit card providers.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

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    Between 74-89 % of retail investor accounts lose money when trading CFDs
  11. Your capital is at risk