Citrades is an unlicensed binary options broker that is owned by CIT investments Ltd. They are located at; Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands. Their USA phone number is (347) 753-8268.
Scam Trading Signals
People who have an account at Citrades, started because of a fake video they watched, see details.
The binary options trading platform you see at Citrades is made by SpotOption. This trading platform is the most popular one with investors worldwide since it is very easy to use, and it has a wide variety of assets available for you to trade on.
They have 60 second options, pairs, one touch, and long term options. They recently started offering CFD trading in Forex. If you are looking for a mobile trading platform, they have both iOS and Android apps available.
To start trading, you need to deposit a minimum of $250 into your account. On the options, each trade has a minimum size of $25.
No Withdrawals Allowed
The biggest problems with binary option brokers are the headaches you get when you want to withdraw your money.
Here are the terms and conditions that you agreed too without actually reading what they said;
Brokers License & Regulations
When you are researching for a new binary options broker, there is really only one thing that matters, and that is a license. Every financial entity must be locally licensed in your country. The main licensed we look for come from CySEC, or ASIC Australia, or in America from the CFTC.
Citrades is not a licensed broker.
You should look at the reviews of licensed brokers here, and all check out the updated list of best brokers here. On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
If you already have an account at Citrades, the please share your experience in the comments section.