Published on September 8th, 2020 | by John Kane17
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.
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.
- 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.
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.
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.
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