OptionField.com Review. OptionField offers binary options trading, demo account competition, three trading platforms (Webtrader, desktop and mobile) and Classic, Pro and Elite types of options.
They are new brokers that claim to have the best customer service and guaranteed withdrawals. This company is owned by Optionfield Limited, a company registered in St Vincent and the Grenadines, reg. # 24466 IBC 2018.
Key facts:
Minimum Deposit: € / £ / $ 5 (€ / £ / $ 100 recommended)
Payout: up to 93%
Demo: Available
Regulated: No
Bonus: Access Pro Discount Account,
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Trading Platform
The trading platform is arguably decent, it is based on the MT4 desktop application and is powered by the MT4 Binary Options Plugin available through the broker. (the plugin is proprietary to OptionField and does not work with other brokers).
To trade, click on the asset in the MarketWatch window to open the chart, double click to open a new trading window. When the trade window opens, you can choose the expiration and order, then click enter and your trade is set. They also have a mobile app so you can trade anywhere.
The platform is offered on desktop, via mobile
Expiry dates are set up like old school binary brokers, the shortest is 60 seconds and goes up to multiple days and end of day type expiries, There are no long term options available.
The asset list is OK, if you like forex trading, but all you will be able to trade is forex (that’s what MT4 was set up to do) and pairs based on gold / USD. They have at one time traded Cryptocurrency but they were disabled because “the interest was not as high as we expected, we are suspending it now”.
The best part of the platform is MT4 and it comes with all the bells, whistles and tools you would expect to find. The binary platform also allows you to trade with Expert Advisors.
Demo Trading
Demo trading is available but you need to give them full registration to use it. Plus they have a demo contest where you can win real money (no deposit required) he prize level is now $2000.
Deposits And Withdrawals
Deposits are very easy as they always are, and are facilitated by credit cards, wire transfers, eWallets and cryptocurrencies. You can deposit in BTC, LTC and ETH among many other methods available. In all cases, keep wire transfers of funds available for immediate use. The recommended deposit is €/£/$100, but the minimum is €/£/$5, with a minimum trade of $5 but it comes with almost no features.
The next highest level, the Pro level, has a minimum deposit of $2000, a minimum trade of $10 and several features. The current promotion at OptionField offers Pro Account access for $500, not $2000.
Production is guaranteed, but delivery may vary. The company aims to process withdrawals within a few hours, but at most 1 day. Withdrawals can also be affected by several different bonuses that will require earning 50x the bonus amount. Therefore, consider the full T & C before choosing to be a bonus – you can always opt out.
Bonus
Current bonus offers include discounted Pro account access, as well as a 10% cash rebate on crypto trades. Terms and conditions apply, including redemption requirements – check carefully to ensure any bonus will work for you and not cause you to overtrade. Bonus schemes require you to “opt in” to them – they are not mandatory or automatic.
Complaint
As a relatively new brand, OptionField has yet to attract any complaints to us. As always, review all T&Cs for bonus offers or contests, and supply all relevant IDs for withdrawals well ahead of time. These remain the two main reasons for disputes between traders and brokers.