Resoptions is a new broker registered and headquartered in Seychelles. They are registered by Race Projects Limited, registration number 114612, having its registered office at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles, which operates on behalf of FGC, a company said to provide financial services in the umbrella sector. Licensing Company. This broker is not CySEC or FCA regulated.
Key Facts :
Minimum Deposit $250
Payout: 85%
Demo: yes
Regulated: Seychelles
Bonus: 100% Deposit Match Bonus on any 1st deposit
trading platform
The platform has a familiar feel. It does nothing to make it stand out from the rivals. Regardless, it supports binary options trading as well as simple forex and CFDs in a way suitable for newbies as well as more experienced traders.
Binary options come in 3 types; Turbo, short term and long term. There are turbo options where you will get super short 30, 60 and 120 second expirations. Short term or intraday is expiry for that trading session and long term is expiry tomorrow, later week, next week, end of month and so on.
demo account
Demo account is available only after deposit. It’s a shame as it means traders can’t “try before you buy”. The brand is expected to provide a demo account without deposit in the future.
cryptocurrency pairs
The asset list is extensive, but as with many similar listings only what you see is actually tradable. He has assets in all 4 categories as well including forex, commodities, stocks and indices. The forex listing also includes some simple cryptocurrency pairs, although the CFD portion of the platform is what you’ll want for more extensive cryptocurrency trading.
The platform is very simple to use and is not cluttered with a lot of frills and other uses of add-ons to dazzle traders. On the left is the asset listing, in the middle is the chart/screen for trading and on the right is the order area. Simply call or put, enter trade amount, expiry and hit enter. Very easy.
There are some additional tools for traders including rollover and sell now features. These allow traders to add time to existing trades (for an additional fee) or sell to stop profit/cut losses. The only downside is how simple the platform is. The charts are not what I would call advanced and do not come with the tools and indicators that serious traders would need. Of course, this does not matter as most binary traders use other charting software such as MT4.
deposit and withdrawal
Deposits are super easy and can be made by credit card, wire transfer, e-wallet or even cryptocurrency. The site supports payments in BTC, ETH, LTC and other commonly traded tokens. Deposits are available almost immediately except in the case of wires which may take up to a week to process.
The minimum withdrawal is only $50 and there are no fees. Requests are processed within an hour and payments are made as quickly as each method allows. Ewallets (Skrill, Neteller etc.) and cryptocurrency are the fastest methods and can be returned to your account on the same day.
Important Turnover Terms
The downside here is that there are turnover requirements for accounts with and without the bonus. An account that does not carry a bonus must trade an amount equal to 100% of the deposit amount before withdrawing, those that have a bonus will need to reach a turnover of 300% of the deposit amount in order to withdraw funds and profit.
