OptionField.com Review. OptionField offers binary options trading, demo account competitions, three trading platforms (WebTrader, Desktop and Mobile) and a choice of Classic, Pro and Elite account types.
They are a relatively new broker claiming that they have the best customer service and guaranteed withdrawals. The Company is owned by Optionfield Limited, a company registered in Saint Vincent and the Grenadines. #24466 IBC 2018
Key Facts:
Minimum deposit: € / £ / $ 5 (€ / £ / $ 100 recommended)
Payout: Up to 93%
Demo: Available
not regulated
Bonus: Discounted Pro account access, plus 10% cashback (T&C apply)
trading platform
The trading platform is arguably a decent one, it is based on the MT4 desktop application and is powered by the MT4 binary options plug-in available through the broker. (The plug-in is proprietary to OptionField and does not work with other brokers).
To trade simply click on the asset to open a chart in the Marketwatch window, double click to open a new trade window. When the trade window opens you can choose the expiry and direction, then click enter and your trade is set. They also have a mobile app so you can trade on the go.
The platform is offered on desktop through Mobil
Expiries are set up just like old school binary brokers, the shortest is 60 seconds and goes through multiple intraday and end of day expirations, there are no longer term options available.
Asset List Ok, if you like trading Forex, but all you can trade is Forex (this is how to set up MT4) and a pair based on Gold/USD. They did have cryptocurrency trading at one time, but they disabled it because “the interest was not as high as we expected, we suspended them for now”.
The best part of the platform is that it is MT4 and comes with all the bells, whistles and tools that you would expect to find. The Binary platform allows you to trade with Expert Advisors.
demo trading
Demo trading is available but you will need to give them a full sign-up to use it. The plus is that they have demo contests where you can win real money (no deposit required). The prize level is currently $2000.
deposit and withdrawal
Deposits are super easy as they always have been, and facilitated by credit cards, wire transfers, e-wallets and cryptocurrency. You can deposit in BTC, LTC and ETH among many other methods available. In all cases the funds are available for immediate use to save on wire transfers. The recommended deposit is €/£/$100, but the actual minimum is €/£/$5, with a $5 minimum trade but this is an almost nonexistent feature.
The next highest level, the Pro level, has a minimum deposit of $2000, a $10 minimum trade, and some features. The current promotion at OptionField offers Pro account access for $500 to $2000.
Withdrawals are guaranteed, but times may vary. The firm aims to process withdrawals in a few hours, but a maximum of 1 day. Withdrawals can also be affected by a number of different bonuses which will require a 50X turnover of the bonus amount. So consider the full T&Cs before opting in to the bonus – you can always opt out.
Bonus
Current bonus offers also include discounted Pro account access, and 10% cashback on crypto trades. Terms and conditions apply, including turnover requirements – check them carefully to ensure that any bonus will work for you and will not cause you to over-trade. Bonus plans require you to “opt in” to them – they are not mandatory or automatic.
complaints
As a relatively new brand, OptionField hasn’t given us any complaints yet. As always, check all T&Cs for bonus offers or contests, and supply all relevant IDs for premature withdrawals. These remain the two biggest sources of contention between traders and brokers.