Broker Introduction
CitiTrader is a new broker in binary options trading although it was founded in 2011 but start of operations was in 2012. Although it is new in the binary options market it has established itself as a binary options company with high percentage payouts. It has headquarters in Scottsdale, AZ, USA, according to reports but also with country address in Bulgaria, a European Union member. It is a binary options company that prides itself with giving financial education to prospective traders. It also offers a free demo account to traders, after an account is opened and deposit made. This demo account is to let potential traders learn binary options thoroughly, giving them the opportunities to learn the trading skills well.
General Platform Details
The trading platform at CitiTrader is 100 percent web based, thus very modern and also very much user friendly. This web based platform is well designed for ease in understanding of potential traders wanting to trade binary options. A new trader wanting to trade here at CitiTrader will not find difficulty because of the ease of use and no downloads needed. Binary options trading at CitiTrader is available in 4 languages, that is English, French, Arabic, and including Hindi. Customer support at CitiTrader is excellent, with clients having their complaints and queries attended to immediately. Clients can have these queries made through phones, email and also through internet live chat.
Trading Options
Traders at CitiTrader can expect to get high returns, which can be at a range from 65 to as high as 75 to 80 percent. Trading instruments available are the usual high and low options, one touch binary options, and the binary options builder. Option times are 60 seconds, two minutes, rollover, and long term binary options with option frequency every 15 minutes. The number of assets totals around 83, with 14 foreign exchange currency pairs (Forex), 28 for indices, 7 commodities, and 34 for stock assets available for traders to trade. While the returns are high, to a maximum of 80 percent, for out of the money trades, the returns are still a modest 10 percent.
Financial Details
Depositing for an account opened can be through credit cards, bank wire transfers, Cash U, Mooney Bookers, and including other options. International credit cards that accept these deposits are Visa, MasterCard, Diners Card, Maestro International, JCB card and also others. Deposits can be with US dollars, British pound, Euro, Canadian dollars, Japanese yen, or Indian rupees. Minimum deposit is 300 dollars, and the minimum amount allowed for trades is 5 dollars while the maximum transaction is 3000 dollars. Deposits through the credit cards are without charges while there is a charge for bank wire transfers. Gains and profits though can only be withdrawn through wire transfers, and there are charges for these. Bonuses are given at CitiTrader and can be as high as 100 percent.
Summary
CitiTrader is ideal for trading binary options for the expert trader, with the numerous trading options they can have and also the wide choice of underlying assets to trade. For the new traders, this can also be ideal for them because of the availability of a free demo account for practice trades and likewise the good financial education offered by this binary options company.
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