GToptions Review

BrokerGToptions-logo
Website URLGToptions
Founded2010
Headquarters6 Tassou Papadopoulou office/flat 22, 2373 Ag
Support Number+44-2034045709
Support TypesNewsletter, Phone, Chat, Email
LanguagesEnglish, French, Russian
Trading PlatformSpotOption
MIN deposit200$
Minimum Trade Amount 5$
Free Demo Account NO
RegulationNO
Number of Assets50
Account Types Bronze, Silver, Gold
Deposit methodsCredit, Debit Card, Wire Transfer, Skrill, CashU , Maestro
Account Currency GBP, USD, EUR
US Traders AllowedNO
Overall Score6

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GTOptions Review

When it comes to the overall look, nothing could be reproached to those guys. Everything is on its place and serves as it should. But while reading further, it could be seen that there were times when GTOptions was very down with the reputation which s why it is hard to be trusted to. From what we can tell, GTOptions is one of the standard run of the mill brokers there. They seem to have a solid reputation, despite not having been around all that long, and there are a lot of signs of good faith if you explore the website. GTOptions takes a very responsible attitude toward trading and does not look for ways to exploit strong emotions and compel traders into greedy and foolish trading decisions that will cost them money. In the binary options industry, that’s pretty impressive. There are so many scammers out there, and the attitude they take toward trading is usually very different.

Should I open an account in GTOptions?

As details and the clients’ first impression is very important to the GTOptions company, they paid special attention to that, so complaints on that cannot be found easily. Three types of the account can be found, for every type of clients: Mini account is for those who just want to experience the feeling of the market, but do not want to get seriously involved in business; Classic is for the serious investors; Gold can suit those with a lot of experience who would be able to deal with serious problems of the market. The Classic account was not available for a longer period of time but the latest update says that it is back, but there are no specifications on the website.Some of the tutorials that are available can be used for free, but if one wants the advanced lessons, opening and funding the account is necessary. The problem about this company is that it has been passing through good but also very bad periods of time, and this made a lot of people avoid it.

Complaints on GTOptions

Talking about brokerage companies, none of them can be found without negative comments and it is a normal thing. Traders can often blamed themselves for the losing money, but it can be a product of not reading terms and conditions. What is worrying is the fact that many people complain about not being able to withdraw their money and on the other hand, some said that there was no problem about that. Taking the latest experiences into consideration, it can be said that the reputation of GTOptions is not having its best moments.

Bonus Offered by GTOptions

GTOptions offers a couple of different bonuses. If you deposit within 24 hours of registering, you can receive a 5% bonus. You also can get a match bonus of up to 50%. What’s really impressive about GTOptions isn’t just the bonuses they offer, but also their amazing transparency concerning those bonuses. Most brokers will try to sell you on the bonuses as if they are free cash. But match bonuses are almost always leverage on your account until you reach a certain turnover volume. GTOptions is the only broker we’ve investigated that actually bluntly spells this out on their page and explains that leverage is the purpose of the bonuses. This broker goes so far as to openly admit that you can lose money more quickly, just as you can profit more quickly. Statements like these build trust faster than anything else. Honesty is a rare and precious quality in an industry that is crawling with scammers.

GTOptions Money Withdrawal

After submitting all the necessary documents, three days would be needed for the request to be answered. Then, the client would have to wait some time to get the money.

GTOptions Ratings

User-friendly 5/10

Many positive sides of the company can be singled out. Some of them are 7 languages for the website, available Demo accounts, a perfect SpotOption. The newest update says that the US customers are not accepted any more.

Assets 7/10

As far as assets are concerned, there is a lot of choice, which is also the thing with expiries, ranging from 60 seconds to one day, but there is also One touch trading available for the weekends.

Commissions, Support and Effective Return 5/10

Here also one can open an account for free, but will pay wire transfer 25 dollars. The percentage of returns is not that high but they tend to be realistic and honest with customers.

Deposit, Payment and Bonus 4/10

The thing about the deposit is almost the same as everywhere else- 250$ is the minimum. The company is really quick with withdrawals and risky with bonuses.

Extras 3/10

There are things such as Economic calendar and new SpotOption platform that surely should be seen on more places.

Summary
Review Date
Reviewed Item
GTOption
Author Rating
3