CitiTrader was formed in 2010 by a very experienced and highly professional group of Wall Street brokers. These individuals formed CitiTrader.com and very quickly gained a reputation for being one of the market leaders in binary options trading due to their trading platform being one of the most professional and objective found on the internet today. The goal of CitiTrader is to give all investors, no matter what level of experience, the opportunity to invest in an easy way with the stress removed.
One of the fastest ways that traders can make large profits is by investing in binary options and to help their client’s achieve this CitiTrader have private webinars and VIP traders can also have one on one sessions.
Minimum deposit: 250 USD
Minimum transaction: 5 USD
In the money returns: between 65% and 75%
Out of the money returns: 10% maximum
Trading tools: Yes
Demo account: Yes
Available Options: Option Builder, One Touch Options and 60 second option
Assets: Forex, Commodities, Indices and Stocks
Traders allowed: All countries apart from Nigeria and Ghana
Platform: SpotOption Platform
One of the most extensive assets list available is offered by Cititrader for trading, with 14 different currency pairs and over 30 stocks.
All new investors depositing $500 or over will receive from CitiTrader the same amount into their account as well as having free access to the Beginning Broker Program (BBP). To increase the chances of their clients making profits on their investments, Cititrader will supply them with educational materials from the best brokers and analysts.
As is common with most binary options platforms, clients of Cititrader have a variety of expiry times to choose from. Trading in binary options is by nature speculative and the majority of options have a maximum of a few days before closing. The options that are least traded are those with expiry times of a few weeks.
The CitiTrader platform currently offers their clients four languages: Arabic, English, French and Hindu.
When opening an account at CitiTrader investors are required to state which currency they would like to use for trading from the following: AUD, EUR, GBP, USD and INR. The chosen currency will remain your trading currency as long as you have an open account. Deposits into your account can be made by MasterCard, Visa, CashU and MoneyBookers.
Traders can look forward to returns of between 65% and 75% if their option expires in the money. This sort of return is one of the reasons CitiTrader is a favorite among investors. They can also expect to receive a maximum return of their investment if the option expires out of the money.
Along with the regular binary options, CitiTrader also offers investors Option Builder, One Touch Options and 60 second option.
The Option Builder allows traders to implement their own strategies when purchasing an underlying asset. All that is required is that the trader chooses the expiry time and the risk level.
With the One Touch Option the trader predicts if the chosen asset will reach a certain level before the time of expiry.
The 60 second option is self explanatory; the trader can purchase an asset and sell it 60 seconds later. This option is generally used by aggressive traders.
The customer support service at CitiTrader is highly professional and can be contacted via chat, email and toll free phone.