Broker Review: OptionField
Today I’m looking at a new binary options brokerage promising traders up to 85% payouts, and guaranteed withdrawals, OptionField. With very few new brokers and systems hitting this marketplace, it’s certainly a rare occasion that I’m in a position where I can review something fresh, but that’s certainly the case today.
There is no information about regulation, but the head offices of the company are located at Gladstonos, 116 M. Kyprianou House, Floor 3&4, 3032, Limassol, Cyprus. To get in touch with support, traders can email Support@optionfield.com, or phone +357 (25) 030418.
Contents
OptionField Review
Established in 2017, the OptionField brokerage claims to be “a team of market professionals with background in some of the leading Forex and binary options brokers in the world.” They claim that many of the biggest and well-known brokers collapsed due to strict limitations, which allow their company to scoop up a lot of talent and provide a new answer for the needs of this industry.
The creators of this brokerage tell us that they are currently offering the highest payouts of any binary options broker in the marketplace, at 85%. They also promise 24 hour support, a 1.3 ms order execution time, and over 1000 happy clients. None of these numbers can really be substantiated outside of the payouts, but I wouldn’t mind some additional proof when it comes to the order execution numbers and the amount of clients currently under the platform. There is part of me that believes that this brokerage does not have over 1000 clients, because it is very new and there are very few people in the binary options community discussing it.
Brokers frequently embellished these numbers to come across as larger than they are, so this isn’t a major misstep either way. We see embellishments like these with other brokers have recently reviewed, like Binary Online and Pocket Option.
Details
- Type: Options Broker
- Founded: 2017
- Location: Cyprus
- Platform: Web-based
- Payouts: 85%
- Order Execution: 1.3ms
While the OptionField company was only recently founded, the developers tell us that they have decades of excellence in customer support and business development. With lots of discussion about the senior development team, and their importance on shaping this brokerage, I would like to know who they are and what type of experience they have. It’s easy to say our brokerage is run by bunch of experts, but they should be telling us who those experts are, in order to provide proof.
Account Types
There are currently 3 different OptionField account types, Classic, Pro and Elite.
In order to qualify for the classic account, traders are required to deposit $100. This gives traders access to high payouts, 5 open trades at a time, and a minimum investment per trade of $5. The Pro account requires a minimum deposit of $2000, but comes with higher payouts, 10 open trades at a time, free withdrawals once a week, a personal account manager and a minimum investment per trade of $10. Lastly, the Elite account requires a minimum deposit of $10,000, comes with higher payouts, 20 open trades at a time, a minimum investment of $100 per trade and then everything the other 2 account types provided as well.
The main difference between all of these accounts, is the free withdrawals and the personal account manager. Yet, if you have spent any time on the Binary Today website, you will know that I never recommend account managers.
Conclusion
From what I see so far from the OptionField brokerage, I am impressed. With a minimum deposit of $100, a minimum investment of $5 per trade and access to very high payout numbers, they are certainly positioning themselves in the marketplace to garner a lot of attention. That being said, there are still no real client reviews for this brokerage, so we are unable to judge whether or not they are trustworthy based on community feedback.
If you’ve used this broker, please leave your feedback under this review now. Please let us all know if this is a brokerage we should be utilizing, and why you believe that to be the case.
OptionField
Deposit
Pros
- 85% payouts
- 24 hour support
- Fast order execution
Cons
- Located in Cyprus
About the Author
John Kane I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.
Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Price manipulation stripped me out of all funds. Support repeats its lies as a mantra, that its not possible for them to manipulate prices. I even caught them rising price by 1000% 2 sec before option closing. Guess the guy putting numbers in did a mistake. Anyways full on theft.
Really sorry to hear that Adam, are you able to provide proof of these claims?
I have screenshots. Obviously not all manipulated trades are easy to proof, but I have 3 transactions that are straight forward price manipulation.
Yes, naturally, so if you want to share the images of those, we will give you the platform here to do so.
How is Optionfield today, July 2020? Give me an update please. Hopefully the company is legit because I would love to use an MT4 platform for binaries!
Optinfield appears to be able to trade binary options in MT4.
How does this work?
I’m going to have to test this out myself, but it looks pretty smooth. I really prefer trading in MT4 so it would be perfect for me.
Hi, everyone. We hope you are having a great summer (or winter if you are in the southern hemisphere :)). I just want to provide you with the latest developments at Optionfield.
1. We’ve increased our payouts and you can now enjoy up to 93% payouts on our Pro and Elite accounts, as well as higher payouts on the Classic account.
2. We’ve introduced Skrill and Neteller for deposits and withdrawals.
3. Apart from the MetaTrader 4 platform, we now give you access to trading binary options also on our WebTrader which doesn’t need any installations, as well as on our iOS and Android apps so you don’t miss a trade wherever you are.
As usual, our free monthly Binary Options Demo contest is ongoing and this month the prize pool is 2000 USD. All you need to do is just practice on your Demo and we’ll show you how you measure against all the other demo traders on our platform. It’s a good chance to make some money while you test your strategy or just practice on your demo.
If you have any questions, don’t hesitate to contact our Support team at support@optionfield.com or join our Livechat on http://www.Optionfield.com.
Kind Regards,
the Optionfield Team
Hi, guys. We hope you are doing well.
Just a quick update on what’s ongoing currently at Optionfield. This month we are having a free Binary Options Demo contest with a prize pool of 2000 USD to be split among the first 3 winners. We are also running a 5% profit boost program which gives you 5% trading rebates on all your April winning trades. For more information, please visit our website or contact our Support team.
Cheers!
That doesn’t make any sense. It says your location is in Cyprus and you are not accepting clients from Cyprus?
Hi, Alex. We used to have a company in Cyprus that was providing support services for us, however we are no longer using the services of that company. Due to international compliance and regulatory rules, Cyprus and a number of other countries are restricted for us.
If you have any more questions, please contact our Support team, they’ll gladly assist you.
Regards,
Optionfield
Thank you for the reviewing.
I am trying to find out the optionfield.com community, do you know any ?
Not sure what you mean. If you have questions, you can ask them here or on the optionfield website.
Hi, John.
It is Leah from Optionfiled. Thank you for the great review, John. It is very honest and clear without any sugar coating, which is what we are looking for. We are growing by the day thanks to our work ethic and customer services. There are really not many reviews at the moment, but most of our clients are very satisfied and soon the word will spread. I hope you keep an eye on us and I am sure our results will impress you. There is only one inaccuracy we found in your review. You have stated that our platform is web-based, but we actually use the MT4 platform, which we believe is the best professional platform out there.
Thank you again for your straightforward review!
Kind Regards from the Optionfield Team!
Thanks Leah. That’s great that you are using MT4, it’s my favorite platform. What countries are you accepting clients from?
Hello John,
We are accepting clients from everywhere except these countries: USA, Afghanistan, Botswana, Cote d’Ivoire (Ivory Coast), Cuba, Cyprus, Egypt , Gambia, Ghana, Guinea Bissau, Guinea Conakry, Iraq, Iran, Kyrgyzstan, Lesotho, Liberia, Libya Mali, Niger, North Korea, Sierra Leone, Somalia, Syria, Tajikistan, Togo, Turkmenistan, The Democratic Republic of Congo The former Liberian Regime of Charles Taylor, Uzbekistan, Yemen, and Zimbabwe.
Thanks for sharing, too bad no USA. We have a lot of US readers here looking for brokers.