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.
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.
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.
OptionStars has over 100 assets available for trading.
Currencies – 31
Indices – 11
Commodities – 10
Stocks – 117
Futures – 7
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 However, it does state that there must be a trading volume of 40 times the deposit amount before any profits can be withdrawn from the client’s account.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.
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:
- Debit Card
- Bank transfer
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.
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
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.
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)
- 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:
- 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.