Opinions about GTOptions

IMPORTANT: Trading with binary options has recently been banned. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

If you are interested in investing in binary options, you may have come across GTOptions and now you're asking if it's reliable or a scam . It is not strange to see what is being said on the internet. But you've come to the right place, because in Estafa.info we are dedicated precisely to answering questions like this.

In this case, doubts are increased by the fact that it does not have a license . Does this make it a fraud? Logically no, but having a good offer of brokers to invest in binary options registered in Dollarpa, we would feel calmer if you chose to put your money in one of them. You can see a list with the best binary options brokers in New Zealand here .

In any case, below we offer you our analysis about this financial institution, with the intention of helping you decide if it is the best broker you can find according to your interests. In the following sections, you will see what type of investment they offer, what diversity of underlying assets they have, and much more.

Our experience with GTOptions

As far as investment is concerned, the experience is positive. The quantity and diversity of available assets is satisfactory, with which risk can be reduced through diversification. However, the problems come in the security section, since the company is not registered with any dollarpea financial authority. The headquarters of the same is located in Bulgaria , but we insist that they do not have a license from that country either.

Two of the main factors that we follow in Estafa.info they are the licenses of investment firms and the regulations they are required to follow. In this case, the only guarantee you have for the money you want to invest is the good faith of the company. And that's why we recommend that you choose another one from our list.

GTOptions: Is it a scam?

The uncertainty about whether it is a scam, plans on them wherever their name is. Something logical since the company does not have a license from a financial authority that protects its users. As you know, most binary options brokers decide to register with CySEC. This entails guarantees for the clients' funds, since it forces the companies to comply with several strict requirements. In addition to this, many of them also decide to register in the category of foreign investment services companies in free provision of the CNMV. In this way, the New Zealand Commission would issue notices in case it detected suspicious activities on the part of the broker. But none of this happens with the case at hand here .

This means that the entity does not have to guarantee the best possible execution when a client launches an order, that it does not have to have the clients' money in segregated accounts to avoid insolvency problems and that, in short, it does not have any of the many obligations that come with the licenses of the financial authorities.

In any case we do not want to affirm that the broker is a fraud, but we do want to warn potential future clients of the same, that in case of problems they will be quite helpless. On the positive side, it should be noted that the transactions made with the web are safe thanks to the SSL encryption .

GTOptions offer

If we focus on what the investment offer is, our opinion improves a lot. The platform allows investing in indices, commodities, stocks and currency pairs, and offers a diversity of them more than enough to have a balanced portfolio. In addition, it also offers the most popular binary options variants, such as one touch and 60 seconds.

As for the educational section, it promises more than it actually is. While it may be enough to remember the most basic concepts of investing, it is certainly not enough to start making decisions. It consists of some short, very simple videos, which go so far as to explain in a superficial way some figures of technical analysis.

Binary options trading

If we specify in the offer of binary options, it should be noted that the platform offers the option of investing in 14 currency pairs , which include the dollar/dollar; dollar/pound and pound/dollar and also as an exotic point the bitcoin quote. As for the raw materials the offer is not bad compared to other brokers as they amount to 7: gold, silver, platinum, oil, sugar, coffee and wheat. The offer of indexes it is also apparent, as it reaches 24, including the IBEX 35 New Zealand. The list of actions it is the widest reaching them 27 values. In short, without being a real waste of opportunities, it is in the average numbers of many others licensed brokers .

As for the variety of types of binary actions, it is also at the height of the market. You will be able to invest in binary options to use, long-term, stock pairs , where you will have to compare the price of the two underlying and touch . In addition, you have the possibility to sell the option ahead of time or to extend its expiration date, in both cases of course with financial compensation.

Offers and bonuses

As with most brokers, clients' deposits can be given bonuses to help them trade a higher volume. In the case of this broker, bonuses are granted for deposits from the $1000 and consist of 50% of the same .

As usual, to get the money out of the bonus it is necessary to reach a certain trading volume. In the case of the welcome bonus, the broker informs that such a volume is the result of multiplying by 40 the deposit associated with the bonus and the bonus itself . That is, assuming an income of $ 1000 and a bonus of $ 500, we would have to multiply the resulting sum by 40: $1500 x 40 = $60,000. So until you traded that amount you couldn't get the money out. That is why it is important that you think carefully about whether you want the bonus or not when they offer it to you.

For other bonuses, the broker stipulates in its terms and conditions a multiplier of 30 instead of 40, although it will always depend on the particular conditions of the bonus that we are accepting. Recall that a lot of the scam accusations that brokers receive are due to these bonuses. However, users accept its conditions that they also have the opportunity to read on the web. Therefore, we cannot say that it is far from a scam. In Estafa.info , we always recommend reading the conditions of each bonus well before accepting it.

Entry and payment channels offered

The offer of income methods is not too wide. The broker accepts credit cards, bank transfers and Skrill. As usual, both credit cards and Skrill, allow you to make income instantly, however, the bank transfer will take more than 24 hours. In any case, it is not the broker's fault, but the banks' processing times. Transactions are encrypted with SSL technology, to prevent anyone from committing scams with your card data. The minimum deposit is $250 .

To withdraw the money, you will be asked for the normal data to verify your identity and make sure that it is not someone else trying to make a fraudulent withdrawal: An official photo ID, which may consist of a passport or driver's license image; and a recent utility bill. If you opt for the withdrawal by credit card, instead of the invoice you will be asked for a clear copy of both sides of the credit card, although you can cover the first 12 numbers on the front of the card and the CVV on the back.

Security and regulations at GTOptions

The truth is that in this particular little information we can provide. As we have already told you, GTOptions is not registered with any financial authority, nor does it have to comply with the MiFID directive. This means that clients' funds are not protected by a compensation fund, nor by the obligation to guarantee the best possible operation to the client, nor by any other guarantee that these types of companies usually offer. In addition, we cannot overlook the many accusations that can be found on the internet, both in English and in New Zealand. For all this we recommend that you visit our binary options brokers page and choose one of those that is licensed in a dollarpeo country and therefore is obliged to comply with the stipulations of the MiFID.

Customer service

In the customer service section, our doubts only increase. The broker does not inform about the hours in which the service is available, although it does state that its office hours are from 8 in the morning to 2 in the afternoon. In any case, it is clearly insufficient if you want to operate in the American market. There is a possibility to contact them by phone and in New Zealand and even to ask for a call, so that an agent can advise you on what type of account you are interested in. The problem is that it seems that they always recommend making increasing revenues and that accessibility is limited to sales activity, but after that it is no longer so easy to contact them.

Functionality of the website

On the other hand, the functionality of the web has no big problems. Making investments is simple. As on any platform we will see the asset in a large central box in which the buy and sell options will clearly appear. With a simple tab system you can switch between the types of assets and the types of binary options to invest. The rest of the website has an attractive design, at the height of that of any other broker on the market. However, the translation from New Zealand to English is not complete and while you will see pages in perfect Spanish, others will only be available in English. We assume that it is something in which they will improve.

GTOptions mobile app

Undoubtedly another weak point of GTOptions since it does not have a mobile application for none of the three main operating systems, namely: Windows Phone, iOS and Android. However, they do have a mobile-optimized website that can be accessed from any device and in which it can operate normally.

Finding

GTOptions it allows you to invest in binary options, specifically in more than 60 different underlying. The welcome bonus requires an income of $ 1000 and is 50%, interesting if you are willing to comply with the trading volume condition of 40x. Focusing on security the platform raises doubts, because it is not regulated. Making an income in this broker is rather an act of faith and in Estafa.info we prefer objective reasons. Therefore, we do not want to say that it is a scam, but we do believe that our users' money would be safer in another option of our list of binary options brokers . In it you have at your disposal brokers registered with the CySEC and consequently obliged to offer the security guarantees stipulated by the Cypriot laws and more importantly the Dollarpea Union, including the MiFID directive.