Option Banque offers both classic trading and binary options trading. If you want to open an account with a broker, read about the trading conditions in our review.
Company. Fund security
Option Banque is a trademark owned and operated by Capital Street BancClear Corporation Limited, which is registered and operates under the FSA regulations of Saint Vincent and the Grenadines. Capital Street BancClear Corporation Limited is part of the Capital Street Group, which has a turnover of over $ 2 billion per year.
Saint Vincent and the Grenadines is an offshore zone favored by many brokers, if only because it only takes $ 2,000 to open a brokerage company. We would not recommend that traders invest large sums in offshore brokers with weak regulation. In case of bankruptcy of the company, it will be very problematic to return the money.
Although the company claims that its activities are audited on a quarterly basis by both external and third-party auditors, and client funds are kept strictly in separate accounts, separate from accounts with company funds.
We advise traders to read reviews of Option Banque offshore broker before opening an account there.
There are 35 currency pairs, 17 commodities, 55 stocks, 14 indices and 5 bonds available for Forex trading.
The broker offers four types of options: Classic, Touch, Range, Express. The minimum trade size starts at $ 1. The return on options is 65-85%.
Minimum initial deposit
Option Banque trading starts at $ 50. This is a great offer, especially when it comes to binary options.
Spreads, commissions, leverage and trading platforms
Option Banque does not provide any information on commissions, spreads, leverage and trading platforms. Apparently, the trader will find out after opening an account. We consider this to be the wrong and non-customer-centric approach.
Analytics and news
The company tries to maintain an analytical section for traders, where economic news, market reviews, and economic calendar are published.
To contact support, you can use live chat, feedback form, phone or email. The department is open Monday through Friday from 6:00 am to 8:00 pm GMT.
Ways of payment
Option Banque traders can deposit and withdraw money from their trading accounts through Visa, Visa Electron, Maestro UK, Maestro, Delta, MasterCard, e-Wallets including Neteller and Skrill, as well as bank transfers and local deposits.
The minimum deposit is $ 50 and the maximum is $ 5000 if you transact with a credit card (in one go), while there are no restrictions on bank transfers.
trading binary options; analytical articles and news; various payment methods.
offshore broker; there is practically no information on trading conditions; no information on trading platforms provided.
OPTIONBANQUE is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker OPTIONBANQUE makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. OPTIONBANQUE received a score of 1 of 5 on our resource.