Founded in 2013 and based in Saint Vincent and the Grenadines, Optionfield is a binary options and forex broker that offers forex, commodities, and CFDs instruments for online trading through their powerful and intuitive trading platforms. They offer excellent trading conditions and a dedicated customer support service.
The broker has been recognized with several industry awards for their online trading services. The awards include the ‘Rising Star’ and the ‘Great User Experience’ awards — both were awarded at the Finance Online Awards 2018.
Optionfield Review Introduction
In this Optionfield review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Optionfield.
Optionfield Platforms & Tools
Optionfield provides traders with a variety of powerful and intuitive trading platforms:
This is considered the most popular and widely used trading platform in the world. It was developed in 2005 by the Russian software company, MetaQuotes. The MT4 is replete with inbuilt trading tools and has an intuitive and user-friendly interface. It is the platform of choice for experienced and professional binary options traders due to its functionality, stability, unparalleled accountability. Optionfield provides traders with access to trade on the MT4 desktop platform with the binary extension for Windows computers.
This is a powerful web-based trading platform designed on the back of the award-winning MetaTrader4 infrastructure to enable investors to trade from any location through any modern web browser.
Optionfield Mobile App
The Optionfield’s FXGO mobile trading gives traders access to trade binary options from anywhere using their smartphones. The platform is compatible with Android and iOS devices and can be downloaded from the respective app stores. The mobile app is beneficial for traders who need to access their accounts and place trades on the go.
Optionfield Research & Education
The broker provides traders with a vast array of educational resources, such as the Trading Academy, Video Tutorials, Trading Blog, and a Glossary of trading terms with their detailed explanations. There is also a ‘Frequently Asked Questions’ section that gives straightforward answers to clients’ most common questions.
Optionfield Trading Accounts
The broker offers a variety of account types to meet individual trader’s needs and strategies. The accounts are denominated in USD, EUR, and GBP, and they are used for both binary options and forex trading. The account types are:
- Classic Account: This is designed for beginner traders and requires no initial deposit to commence trading.
- PRO Account: The required minimum deposit to operate this account type is $2,000. It is the most popular and offers free withdrawals once per week.
- Elite Account: This is designed specifically for seasoned traders; it offers unparalleled flexibility and fully customizable features. Clients get access to a personal relationship manager.
Demo accounts that are preloaded with $10,000 virtual funds for practice purposes are available for practice purposes.
Optionfield Account Funding
The broker offers a wide variety of account funding and withdrawal methods, such as bank transfers; credit/debit cards (Visa and MasterCard); cryptocurrencies, such as Bitcoin, Ethernet, and more; and online payment processors, such as Neteller, Skrill, and PerfectMoney. Some payment methods may not be available to specific countries, while the transaction processing time depends on the payment provider.
Optionfield Customer Service
Optionfield provides clients with a knowledgeable customer support team that is prompt in response and can be reached through email and online live chat. The support team is also on social media: Facebook, Twitter, and LinkedIn.
Optionfield.com is a digital options broker that is owned and operated by Optionfield Limited, which is registered in Saint Vincent and the Grenadines under the registration number: 24466 IBC 2018 by the registrar of International Business Companies. It is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) and is regulated by them.
Optionfield Review Summary
Overall, Optionfield is binary options and forex broker that offers multiple tradable assets for trading online via the provided trading platforms. They offer multiple account options, leverage of up to 1:200, fast withdrawals, and free deposits, and 24/ 7 customer support.
It is worth mentioning that some of the trading products and services in this Optionfield review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Optionfield broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.