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Software OptionTrade vs. Option888

Choosing the best binary option trading srevice for your company is not that easy with so many features, choices, and terms to take note of. On the other hand, relying on our review platform will make it possible for you to cut down the selection process by showing all crucial brokers in a single location. As an illustration, you can contrast OptionTrade and Option888 for their tools and overall scores, namely, 8.4 and 7.5, respectively. Furthermore, you can compare which service has higher general user satisfaction rating: 100% (OptionTrade) and 100% (Option888) to find out which solution is the better choice. Don’t just choose the service with the lowest minimum deposit, but the solution that gives the best value.

Software

OptionTrade

VS

Option888

VS

Total Score

Our Score

8.4 ?

Our Score

7.5 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$200

$250

Accepts US Clients

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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.

Option888’s adopts the popular Tradalogic trading platform which has been supported by a variety of other brokers. News and prices are downloaded live from Reuters, so their accuracy is guaranteed. The platform is straightforward to use and calls for no training, therefore even beginners can take to it without any challenge.

Email

support@optiontrade.com support@option888.com

Payouts Percentage

88%

89%

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

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

Deposit Options

Webmoney, Credit Card, Bank Wire Transfer, Neteller Credit Card, Bank Wire Transfer, Skrill
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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, German, French, Swedish
Customer Service Hours: 24h
Place Trades Over the Phone?: No

Withdrawal Options:

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

Comission

No
No

Payout ratios

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

Average returns are around 80% and can go up to a maximum of 89%.

Place Trades Over Phone

No
No

Trade Types

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

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

Option888 provides options on forex, commodities, stocks and indices. You can trade using the following trading types:

Digital: The typical High/Low options. You determine if the asset will fall or rise in value.

Touch: You determine if the price of a given asset will reach (or touch) a specific value within a given time period.

Range: Also referred to as a boundary trade. You decide if the asset price will remain within two preset values?

Turbo: A type for really short term binary options. Expiry times provided by the vendor are 30 seconds, 45 seconds and 5 minutes for this type of trading.

Located In

Cyprus Malta

Phone

+357-24-020054 +441785472000

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: Tradologic
Platform Languages: English, German, French, Swedish
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No

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

Option888 offers only a standard account which requires a minimum deposit of $250. There is a 100% welcome bonus of up to 888EUR (or USD, GBP, SEK, DKK, NOK). You can fund and withdraw from your account using wire transfer, paysafecard, SOFORT, Skrill, MasterCard, Visa, and iDEAL.

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Software Comparison

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It may not always be sufficient to just compare OptionTrade and Option888 against each other. Although useful functionalities, pricing plans and user reviews are all important and should be considered when making a final decision, you should also check out the recognition and awards won by each service. In many cases a less popular app may turn out to be a great choice that was distinguished with industry awards such as our Great User Experience Award which shows that regardless of lesser market presence it’s a worthy rival to the apps that rule the market.