• Category: News

OptionTime Binary Options Broker No Longer In Operation

It has just been announced that OptionTime, a binary options broker operating under markets.com has been closed and is no longer available as a platform for binary options traders. The platform, which was closed on November 19 2015, has been operating legally and there have not been any bad review or complaints.

OptionTime Binary Options Broker No Longer In Operation

Markets.com said that their decision to close OptionTime would allow them to focus on TopOption, their main broker, and to venture further into the CFD/Forex markets.

What were the reasons for closing OptionTime?

It is not exactly clear why the broker was closed down. The only information available right now is that Markets.com is focusing more on popular brokers. It could be that OptionTime was not profitable enough to warrant continued operations. Howewer Markets.com warranted all OptionTime's Brokers who can follow trading into TopOption platform with same deposit funds available on OptionTime's platform. 

Which broker can I choose now?

There are plenty other brokers with whom you can choose to trade. Have a look at our top ten brokers here. If you are looking for the best binary options brokers, you can find them here as well. 

How to pick the best binary options broker

It is always recommended that you read reviews of different brokers to find out what other traders are saying about these brokers.

It is also important to make absolutely sure that the broker is regulated, even though this does not guarantee that they are the best broker.

Another good idea is to trade using the brokers’ demo account to assess whether the platform suits your preferences. A good platform should have the following characteristics:

·         User-friendly- Easy to use whether on a desktop or mobile device

·         Transparent- You understand what is going on

·         Offers timely support to traders

·         Good reviews from other traders

·         Offers a demo account

In summary, OptionTime is no longer operating as a binary options broker. However,  there are other trusted brokers with whom you can trade.

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