The news was released this morning and it did not come as a real surprise, OptionTime is raising its minimum deposit to 200$. The relatively new and extremely successful binary options broker in the UK proposed a minimum deposit of 100$ until now, and it was one of the main advantages of the broker compared to its competitors.
OptionTime stays ahead of the competition on other criteria
As explained in the introduction, this news did not come as a big surprise for us. OptionTime simply adapts to the competition. All the other leaders in the online binary options trading sector are proposing minimum deposits of 200$ or more. The other recommended brokers of the website all belong to this category: 24Option (250$), AnyOption ($200) and OptionWeb (200$). Even if OptionTime may lose one of its key competitive advantages, it is a regulatory move that may prevent the broker from being warned by financial regulators. Financial regulators in Europe are lobbying to increase minimum deposits for online trading accounts in order to restrict this activity to people who can afford it.
The minimum deposit is not the most important factor
Even if OptionTime raised its minimum deposit, the broker keeps its leading place in our ranking of the best regulated binary options brokers in the UK. We still believe it is the simplest and most complete binary options broker platform to use. With the ProMaster functionality, OptionTime is the first binary option broker to satisfy professional retail traders and to connect technical analysis with binary options in one trading mode. For beginners, OptionTime provides new customers with more than 50 educational videos with themes ranging from basic trading principles, binary option characteristics to more complex strategies. It is also the only broker that built a partnership with investing.com in order to provide traders with breaking financial news and advanced analysis.
In terms of fund security and withdrawals, which are the two most important criteria we look for any broker we review, OptionTime stays way ahead of the competition. A personalized account manager will help you to set up all the settings of your trading account and both the live chat and phone support are the most responsive in the industry. Don’t hesitate to read our full review of OptionTime if you want to partner with a secured binary options broker.