OptionStars Broker Review

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OptionStars Review

OptionStarsGlobal was an unlicensed binary options broker that opened in 2020, owned by New Markets S.A. Their official address is; Novasage Chambers, Level 2, CCCS Building, Beach Road, Apia, Samoa. Their phone number in United Kingdom is: +44 208 068 7603, and their email address is [email protected]

For common investors complaints about brokers, go read this.

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Trading Platform Review

Our review of OptionStars shows that they use the Tradologic platform. The Tradologic platform offers all major Forex pairs and minor pairs as well. They have a very large selection Commodities, along with stocks and stock market index’s. Additionally, they offer Bitcoin options, and binary options on commodities like Coffee & Platinum.

They offer digital (high/low) binary options, touch / no touch, range. Additionally, you can trade turbo binary options in time frames of 15, 30, 45, 60 seconds and 2, 5 minute options.

Their trading platform is available in multiple languages including; English, German, Italian, Russian, Spanish, Arabic and French. Minimum deposit for new accounts in $250.

OptionStars Option Trading Software

OptionStars No License

When Scam Broker Investigator reviews a broker to determine if they are a scam or a legit binary options broker, we want to know if a regulator like the FCA in England, or CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe.

OptionStarsGlobal is not a licensed broker.

See the list of all licensed binary option brokers click here.

Compare OptionStars

PepperStone is a very popular broker that is licensed by ASIC. They offer a variety of unique trading platforms, see here.

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OptionStars Broker Review

OptionStars Broker Review | Overview

OptionsStars is a broker that besides trading binary options also offer forex trading. It is a premium binary options broker that is relatively new in the industry but it is establishing itself as a trustful broker with wide range of tradeable assets and dedicated customer support service. They boast their web site and trading platform being stable, reliable and secure. OptionStars is regulated by CySEC. We used their platform for some time and checked if everything stated above is true. So we bring you this comprehensive OptionStars broker review.

As always in Options Reviews we look into key characteristics of every broker’s offer. Check what we found about OptionStars:

Regulated or Non-Regulated Broker: Regulated by CySEC

Maximum Returns: up to 85%

Minimum Deposit: 250$

Transparency with Pricing and Payout: Withdrawal is done in 5 business days

Banking Options (Cards, eWallets&Wires): Credit card, debit card, wire transfer, Neteller and Skrill

Range of Assets Available for Trading: over 220 assets

Software Platform: Tradologic

Customer Service: 24 hours a day, 5 days a week.

Best Trading Features: Support for many languages: English, Spanish, French, Russian, German, Italian and Arabic

Excluded Countries: USA

Binary Brokers Bonuses: Up to 100%, *bonus terms and conditions apply

Supported Currencies: USD, GBP, EUR, CAD, AUD.

OptionStars Broker Review | Introduction

OptionStars brokerage is owned by Novox Capital Ltd Company. It is based in Cyprus and thus regulated by Cyprus Securities and Exchange Commission. Broker is registered with CySEC under number 224/14. They offer wide variety of trading assets. That includes currency pairs, indices, stocks and commodities (gold, oil etc.). Their services are offered for all traders but those from United States. Demo account is available.

They offer most popular types of trade: high/low, one touch, 60 seconds, long term, pair options and ladder options. Early close is allowed and there are short and long term expiry times available. OptionStars has created Trading Academy. This is a great educational center that has substantial amount of educational materials for traders. Trading Academy is of course available only to traders registered with OptionStars. The learning resources include everything from webinars, video courses, e-books, market reviews and trading sessions with a personal account manager. This helps new traders acquire fundamental trading strategies, while experienced market investors can learn more advanced trading techniques and methods to use.

OptionStars Broker Review | Account Types

OptionStars offers three different account types. Each of them asks for minimum deposit. Investing more money takes traders to a higher account type. Account types are name bronze, silver and gold account. Of course account types also dictate how much privilege traders get from the broker. You can see their minimum required deposit amounts and benefits below.

Bronze Account

The minimum deposit starts with $1,000 and goes up to $4999

Market review on a weekly basis

Video training lessons for beginners

Silver Account

The minimum deposit starts with $5,000 up to $9999

Market reviews on a daily basis

Trading strategies (3)

Binary options senior account manager

Video training lessons for beginners

Advanced video training lessons

Gold Account

$10,000 minimum deposit

Market reviews on a daily basis

Market reviews on a weekly basis

A total of 5 trading strategies

Binary options senior account manager

Video beginner and advanced training lessons

One on one live trading sessions

Withdrawals within the same day

OptionStars Broker Review | Bonus

Bonus is one of most important factors considered when traders are choosing a new broker. Every broker offer bonus to new traders usually depending on the size of their initial deposit. OptionStars has very generous bonus policy. First-time deposits are matched 100% – that is a great deal!

There are two other promotional bonuses available – the Pending Cash Bonus and the Proportional Bonus. With Pending Cash Bonus, traders execute a pre-defined trade volume, upon which, withdrawable cash is added to their account. The Proportional Bonus is a specific amount added to the clients account balance, where for every subsequent trade the amount used from the cash money and the amount used from the bonus money is in direct proportion to the deposit and the bonus given.

OptionStar Broker Review | Assets and Types of Trading

OptionStars uses trading platform Tradologic that is widely known in the world of binary options trading. When it comes to software solutions in the financial services industry Tradologic is one of most reputable software development companies. The platform is simple and user friendly. Great feature is platform’s mobile version that is compatible with all operational systems and screen sizes.

OptionStars’ trading platform offers the vast asset index of leading currencies, commodities, indices and stocks, but also the wide variety of options users can trade. Digital, Range, Touch Up/Down, Turbo, One Touch, Advanced and 5 Ticks binary options, along with traditional FOREX are all available for traders to choose from, providing for an exciting experience. Pay-out rates on successful trades can climb up to 85%.

OptionStars Broker Review | Deposits and Withdrawals

OptionStars requires a minimum deposit amount of $250 for clients to start trading. In order to create an account users simply click on the free account tab and enter their personal details. Once the account is created, traders can get on with funding their account. The platform offers a wide range of payment methods, including most leading credit and debit cards, bank wire transfers or popular e-wallets Neteller and Skrill.

Upon requesting a withdrawal from OptionStars, users are advised to send compliance documents along with their deposits to speed up the withdrawal and verification processes. Compliance documents consist of a copy of the credit card clients have used to make the deposit, a government issued photo ID and a copy of a bank statement or a utility bill that provides the user’s name and address. These documents are necessary in order to comply with the anti-money laundering regulations put into practice.

Depending on the type of account the users has chosen, several withdrawal methods are available on the site, some of which come with a fee. First-time withdrawal requests from all account types are processed for free, while all gold accounts come with one free withdrawal per month.

OptionStars Broker Review | Customer Service

OptionStars boasts great customer service that provides support to traders around the clock. We checked this and in our experience they seem to be very professional and able to solve technical difficulties very quickly. The customer support can be reached via email, live chat and an online form which is displayed on their website.Live chat is the most convenient form for the majority of traders. It proved to be the most efficient. The OptionStars website is available in seven languages. Those are English, Spanish, French, Russian, German, Italian, and Arabic.

OptionStars Broker Review | Summary

After we tested their services we can conclude OptionStars is a great broker. They are very professional, have generous bonus policy, great customer service and reliable trading platform. Only serious disadvantage is that they don’t accept USA traders.

Broker is regulated by CySEC and proves to be very reliable when it comes to money deposit and withdrawal. OptionStars uses SSL encryption of course to provide the highest level of security of its customers and their funds. Instruction on how to keep your account safe from hackers is also provided.

Our trading experience with OptionStars was satisfactory, we haven’t notices any special problems while using their platform. We would be happier if they could cut down few days on withdrawal period, but money is always safe and that is most important. We recommend this broker, especially to those traders that are ready to invest more money in trading binary options. If you wish to start trading feel free to click on the button below. Registration is free.

OptionStars Broker Review

OptionStars offers an impressive selection of underlying assets to its customers around the world across the categories of futures, commodities, indices, stocks and currencies. With many ways of contacting their support team, including the instant chat method, their trading software is second to none. They also promise both existing and newly registered clients attractive bonus offers to improve their trading experience.

Review Overview

Bonuses – 50%
Software – 60%
Customer Support – 80%
Options Choice – 90%

Good quality broker

Summary : Very trusted broker

Intro

OptionStars is an online binary options broker that aims to make trading accessible to both those who are brand new to the financial markets and those who have pre-existing experience. Offering advanced charting capabilities and a speedy mobile trading platform, this broker has a lot to offer its clients. Their selection of underlying assets is extremely extensive and they offer a choice of three different account types, each with their own perks and benefits, so that clients can choose the right one to suit their requirements.

Company Information

OptionStars is part of a subsidiary company called New Markets SA based in Samoa. Although this broker does not appear to be licensed or regulated by any recognised body, it does state that it offers its clients segregated accounts for their better security and peace of mind. Clients are also insured up to 20,000 Euros in the event of a financial crisis. This broker does not accept clients from the USA, France or Turkey for trading on its website.

Assets Available

OptionStars has over 100 assets available for trading.

Bonuses & VIP Programs

Although OptionStars states in its terms and conditions that it offers bonuses to its existing and newly registered clients, there is no specific information provided about the form that these bonuses will take. However, it does state that there must be a trading volume of 40 times the deposit amount before any profits can be withdrawn from the client’s account. OptionStars also offers a higher level VIP trading account for its high volume clients. These clients can benefit from a few additional perks including access to an advanced level training course, a dedicated account manager and weekly one to one trading sessions.

Mobile

OptionStars offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. This broker also offers a convenient mobile app which can either be downloaded for free from the broker’s website or from the Google Play Store or Apple Play Store free of charge. Compatible with both Android and iOS devices, it allows traders to quickly place trades and access their accounts in the most convenient way from their tablet or smartphone while on the move and away from their desks, allowing them to take advantage of trading conditions at a moment’s notice.

Deposits and Withdrawals

OptionStars offers a limited range of payment options for making account deposits and withdrawals. These include:

Deposits via debit or credit card will appear in the client’s account immediately, however bank transfer deposits could take as long as 5 days to appear. The minimum deposit amount is 250 units of currency and withdrawals must be a minimum of 30 units or 300 if bank transfer is being use as the method of withdrawal. The are no limits imposed on the maximum amount that can be deposited. Withdrawals are requested quickly and easily through the client’s account and are processed speedily and safely within 5 working days. Clients enjoy the benefit of one free withdrawal per month, however a second withdrawal will have a fee of 30 currency units levied on it.

Customer Support

The OptionStars client support team are available between 7 am and 11 pm GMT on Monday to Thursday and between 7 am and 9 pm on a Friday. The team are not available at the weekends to respond to queries or address any issues. They can be contacted via a number of methods including by:

  • Live Chat
  • Web form
  • Telephone helplines in the UK and Germany
  • Email

Extra Features and Resources

OptionStars have a number of excellent features and resources available to its clients including educational resources like video courses. These are graded by level, so clients can have access to the one that suits their experience. Their Academy also offers other features such as an up to date economic calendar, market news and market summaries to allow clients to inform their future trades. This broker also promises advanced charting tools to improve the client’s trading experience.

Verdict

If you are considering choosing OptionStars as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Mobile apps for iOS and Android devices
  • Instant customer support via the live chat facility
  • Telephone lines in the UK and Germany
  • Market news and insights available
  • Bonuses are available
  • Three types of account to choose from
  • Free educational resources for clients at all levels of experience
  • Advanced charting capabilities
  • Multilingual website
  • Segregated accounts
  • SSL encryption for transactions
  • Not regulated or licensed by any recognised authority
  • No e-Wallet payment options
  • Clients from the USA, France and Turkey are not accepted
  • No 24 hour customer support

What types of options can be traded through Options Bank?

This broker offers 4 different option products including:

  • Call/Put Options
  • Turbo Trading (30 seconds)
  • Range
  • One Touch

Can I trade with OptionStars using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so brokers like OptionStars are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. OptionStars also offers its clients a mobile app which can be downloaded free of charge to either an iOS or Android tablet or smartphone allowing for an even more convenient trading experience on the go.

Does OptionStars offer different account types?

OptionStars has three different types of account to suit the needs of both beginner investors and those with a lot of previous experience. Their Bronze account is designed for beginners and requires an account balance of between $1000 and $4999. This gives access to 1 trading strategy, weekly market reviews and a beginner’s trading course. Their Silver account requires a balance of between $5000 and $9,999. This comes with the additional benefits of 3 trading strategies, daily and weekly market reviews, access to the introductory video course and the advanced video course and the services of a dedicated account manager. Their top level Gold account requires an account balance of between $10,000 and $50,000 and offers 5 trading strategies together with daily and weekly market reviews, access to all video courses, the services of a dedicated account manager and weekly one to one trading sessions.

Does it cost anything to register with OptionStars?

It does not cost the client anything to register with OptionStars as their chosen binary options broker and there are no hidden fees or charges to worry about.

Which currencies can I use for trading with OptionStars?

OptionStars accepts five types of global currency for opening trading accounts for the convenience of its clients from all around the world. These include:

  • Euros
  • US Dollars
  • Pounds Sterling
  • Canadian Dollars
  • Australian Dollars

Once you have selected your account’s base currency it is no longer possible to change your currency to a different one at a later date.

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