CitiTrader Review | Binary Options Trading Review

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Moving Account

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Rebate & Cashback

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Min Deposit

250

Foundation Date

2011

Headquartered

Bulgaria

Max Return Rate

No of Assets

Min Trade

Regulation & Company Information

Regulations

CitiTrader, Launched on 2012, is based on the most popular Binary Options trading platform today, SpotOption. The technology is of course a 100% web based so there’s no need to download any software. CitiTrader, very much like most new binary options brokers, is offering more or less the same 60-75% returns on In-the-Money; same refunds in case of a loss and of course, the same familiar SpotOption platform.

The technology used by CitiTrader is one of the best available today in market, that’s exactly the reason why most of the newer brokers are using this platform. The thing is there are so many fresh brokers out their today, the majority of them are based on the same platform, so each company has to work very hard to separate their brand from the others.

Company information

Some brokers did an excellent job promoting their brand, making it different than others. There is no easy way to do this, it all comes down to money. Some brokers invest their profits in upgrading their trading platform by developing trading options and tools (the best brokers), some brokers offer great bonuses and promotions (not my favorite kind of a broker) and other brokers market their brand pretty well. I can keep on going like this the whole day, but you’d miss the point.

As long as the broker promises you his trading tools are great or if the brokers promises you extra bonus and keeps his word- that’s OK, it’s blessed. But if a broker like CitiTrader claims to have the best education and so eager to educate its customers with the best knowledge available, then where the hell are all the learning stuff?? The educational materiel I’ve seen was the how to deposit FAQ. Sorry CitiTrader, but if you claim to be so educational, you should try a bit, sorry, much harder.

Platforms

Just because they claim to have the best education, it doesn’t mean that if they don’t they are a scam. That’s a big thumb down for CitiTrader, especially since beginners will not have the appropriate Binary Options education. But should beginners even want to trade with CitiTrader? I don’t know. There are a few problems I located: first, not only that C.C. and wire transfer are approximately 50% of the deposit/withdrawals methods, there’s something very odd with the withdrawal options.

The max amount of withdrawal via C.C is the same as the initial deposited amount, the rest of the profits are only available to withdrawal via wire transfer. The problem is that the min amount for wire transfer is 500$, plus a 25$ fee. What happen if I have 300$ in my account? Should I lose 100$ or try to make another 200$? I guess those questioned should be referred to CitiTrader support. I recommend consulting CitiTrader support before depositing money. About the education, I hope CitiTrader will invest some money to develop good education for all traders just like they promised.

Account Type

Standard Account

Supported Language

English

Withdrawal Method

Credit Cards

Contact Information

You can contact Cititrader.com with [email protected]

Adavantages

The first thing every beginner trader should do before depositing cash into a binary options account is to check out the broker’s background and costumers comments. At BinaryOptionsthatSuck.com we do the research for you, this is what we found when looking for CitiTrader scam, fraud, complaints and more: we found bad comments from CitiTrader clients, both on forexpeacearm.com, one of the most respectable forex reviews websites and on other forums as well. These are bad signs.