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Product OptionTrade vs. Magnum Options

Getting the right binary option trading srevice for your company is hard with various features, options, and terms to check. However, depending on our review directory will allow you to cut down the selection process by getting all key services in one place. For instance, you can contrast OptionTrade and Magnum Options for their features and overall scores, namely, 8.4 and 8.0, respectively. Furthermore, you can compare which service has higher general user satisfaction rating: 100% (OptionTrade) and 96% (Magnum Options) to find out which one is the better option. Don’t simply start using the service with the most attractive minimum deposit, but the solution that offers the most cost-effective value.

Product

OptionTrade

VS

Magnum Options

VS

Our Score

Our Score

8.4 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

96% ?

Minimum Deposit

$200

$200

Accepts US Clients

Yes
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Detailed Review

Description

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

Magnum Options has adopted the SpotOption trading platform, deemed as one of the most common trading platforms for binary options due to its ease of use and flexibility. It is so simple that even novice traders won’t find themselves having a hard time navigating and performing trade tools and processes present at SpotOption.

Email

support@optiontrade.com support@magnumoptions.com

Payout ratios

Payout ratios offered by OptionTrade are available for up to 88%.

75%

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Comission

No
No

Platform

Platform type: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No
Platform type: SpotOption
Platform Languages: Italian
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Trade Types

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro
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Phone

+357-24-020054 1-855-217-4642

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Italian
Customer Service Hours:
Place Trades Over the Phone?: No

Place Trades Over Phone

No
No

Payouts Percentage

88%

85%

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card

Trading Accounts

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

Deposit Options

Webmoney, Credit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card, Bank Wire Transfer, CashU

Located In

Cyprus British Anguilla

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
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Both OptionTrade and Magnum Options were reviewed by a group of reliable B2B experts who carried out a full examination of all core aspects of each app. Their final rating was prepared by means of unique SmartScore algorithm that calculates an individual partial score to each component such as: main features, customer support, mobile support, security, user satisfaction as well as media presence. Here at FinancesOnline we are aware that useful features are not the only thing crucial to a business so we do our best to pay attention to all sides of a product before calculating its final score.