Min Deposit: $ 250.00|Visit Website
This Binary Options broker has been around since 2010 and are made up of a team of former traders. CitiTrader uses the SpotOption platform, which has extensively used for many years. Thus it works well and in general the trading platform is mature. CitiTrader offers payouts slightly higher than the average SpotOption broker, with payouts reaching as high as 80%. That’s great in comparison to the vast majority of Binary Options Brokers out there. In addition the Out-Of-The-Money payout is 10%, that’s not bad at all, since lot of brokers don’t even have offer this on all their assets even though they might say so in their marketing material. Another major advantage with CitiTrader is that they are incorporated in a EU country, which means that at least there are some oversight. The minimum deposit is $300, which is what most brokers demand this days. One of CitiTraders’ aces is the free demo account. Unusual, but CitiTrader offers it without any strings attached. All in all, this makes CitiTrader one of the best brokers you can choose.
As with most brokers, CitiTrader is adding new underlying assets on a regular basis. At the moment they offer one of the widest selections of assets in the industry. With 90 different assets they are among the top three brokers when it comes to number of underlying assets. More assets means more choice and in this way everyone can trade the asset that suits him or her the most. Trading an asset that you know and like is always a good idea. Confidence in supremely important in trading and can make or break any trader. CitiTrader also a fine mixture of Stocks from all major regions – Asia, Europe and North America are well represented. All the major currency pairs are also included and some interesting minors like the Egyptian Pound and the Russian Ruble. Forex has become a staple for many traders since it can be traded 24 hours a day. It doesn’t matter where you live, currencies can always be traded.
As with all Binary Options brokers, charting is weak. The normal charts are small and difficult to use for trading. Perhaps one could use them for getting the timing right, but in general they are weak. However, that has to do with the SpotOption platform and really nothing with CitiTrader. There are a better solution called MetaCharts (CitiMeta), which gives more history and a larger chart. That certainly helps and few other brokers offer this solution. On most other platform you cannot increase the size of the charts, which is really not user friendly at all.
Although the CitiTrader team is trying really hard to offer the latest technology, the SpotOption platform sometimes do them few favors. For those traders focused on just a few assets, there’s no way of adding them as favorites. Pro traders usually stick just to a couple of underlying assets, so a favorites or filter function would be nice. CitiTrader are generous enough to offer a demo account, which is rare among Binary Options brokers nowadays. Traders also do not have to deposit funds first and then access their demo account as with some others – just request a demo account and that’s it. No questions asked. Depositing and withdrawing funds is very simple, CitiTrader offers plenty of ways to fund your account, whether you prefer Credit Card, CashU, MoneyBookers or a plain and simple Wire Transfer.
CitiTrader offers both phone, email and Live Chat support. I prefer Live Chat since you get immediate response. A few seconds and you have got an answer. The only thing that is missing is really a tutorial or an ebook explaining more in depth how Binary Options work. The FAQ is very good but an ebook is always better. In addition an educational video series would also be a very nice complement. Some beginners simply learn better by watching and therefore a video series would cater to those who prefer video instead of text.
- Headquarters: Scottsdale, AZ, USA (for exact location see map below)
- Founded: 2010
- Domicile: Bulgaria (EU member)
- Minimum Deposit: $250
- Minimum Transaction: $5
- Maximum Transaction: $3000
- Markets: Forex, Stocks, Indices, Commodities
- Number of Assets: 90
- Max In-The-Money Return: 75%
- Max Out-Of-The-Money Return: 10%
- Lock-Out Period Duration: from 2 minutes
- Option Frequency: Every 15 minutes
- Early Closure:
- Roll Over:
- High/Low Binary Options:
- One Touch Binary Options:
- Boundary Binary Options:
- Binary Options Builder:
- Sell Options:
- Long Term Binary Options:
- 60 Second Trades:
- Option +:
- Deposit Currency: US Dollar, British Pound, Japanese Yen, Euro, CAD, Indian Rupies
- Account Funding: Visa, MasterCard, Dinners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Liberty Reserve, MoneyBookers, Money Gram, Wire Transfer
- Accepts Clients From: All nationalities
- Demo Account:
- Deposit Bonus: , up to 150%
- Regulated: , some regulation through EU