BinaryOnline is a platform that has been developed by binary options professionals. The firm has been developed based on the willingness to offer a top notch and modern trading journey to the traders. Although the platform is relatively new, the firm manages to offer impeccable trading services to its clients. This broker is quite different from others in terms of services and features that have been highlighted in this review.
The trading platform
BinaryOnline is a product of pure experience and concentration of knowledge and its aims to offer an excellent trading platform as well as customer experience to the users. The traders would absolutely be delighted by a composed platform that utilizes the latest technologies available. The main trading platform permits the traders to trade on several assets and has been hosted by Panda Trading Systems. The four main tools offered to the traders include:
- One Touch
Each tool comes with its respective payout percentage as well as expiry time. Traders are offered four main asset kinds that they can trade: Stocks, Indices, Commodities and Currencies. Traders can track the fluctuations in the asset chosen by utilizing the graphical interface offered. This can help in the determination of the future value of the asset chosen. Additional features are as well offered to the traders in helping them take informed decisions. The Copy traders feature is something worth utilizing. This feature offers real time news feed about the winning trades carried out using the platform offered by BinaryOnline. It as well permits the traders to copy the winning trades displayed instantly on a feed that has been place on the right side of the trading platform. The best thing is that the traders can copy as many trades as they wish to. Although the platform is quite easy to use, the traders are recommended to understand the basics of options trading before placing any trade. Knowing the basics will bring down the risk associated with loss trades. The company offers a Winners Corner for the brokers that offer education on how to place trades and a lot more content that can benefit any trader.
Mobile trading platform is as well offered by the company. BinaryOnline mobile version permits the traders to trade from wherever and whenever they wish to. The mobile version can be accessed by using the following link:Click Here. The company does not offer any mobile application. The application is in its development stages. Two apps would be available. One would be offered for download on iTunes and the other on Google Play Store. The app would be accessible upon installation provided the users input their existing credentials for login. The app would then serve as an extension of one’s actual account.
BinaryOnline offers different kinds of accounts under various categories and each caters to the requirements of the traders in the industry. This segmentation makes things quite easy for the traders. Each account has its own benefits to offers and caters to different levels of investments by the traders. Currently, three different account kinds are offered by BinaryOnline.
- Premium Account
- Standard Account
- Takeoff Account
- Elite Account
A minimum of $50,000 deposit needs to be made by a trader for accessing the Elite account. The support team can be directly contacted for knowing more about the benefits of having an Elite account. A customized and personalized approach can be availed using the Elite account. The differences in the account vary based on the initial deposit made. The Takeoff account requires a trader to make an initial deposit of $250. An investment of $10,000 needs to be made for accessing the premium account. Traders are offered access to Winner’s Corner as well as receive Daily Analytical Market updates based on the account type that they have chosen. Leaning materials as well as access to webinars is also dependent on the kind of account chosen by a trader. The bonus amount varies from 25 per cent to 75 per cent depending on the account. A welcome bonus of 25 per cent is offered over the Takeoff account. Additional benefits of choosing the transfer methods add to the convenience in managing the account.
The standard trading account offered by the platform requires a trader to make a minimum deposit of $2,500. 50 per cent welcome bonus is offered in addition to daily market analysis as well as access to regular webinars. In addition, the traders are offered free trading signal for duration of two weeks. A minimum deposit of $10,000 needs to be made by traders for accessing the premium trading account. 75 per cent welcome bonus is offered to the trader. All the benefits offered under the standard trading account are made available to the user of a premium trading account. In addition, 10 risk free trades, three weeks of free trading signals as well as a personal advisor are as well offered over the premium trading account. Higher payouts can be expected by the traders and expert trader guidance is also offered.
The Trader Trends is another unique feature offered by this trading platform. The indicator hints about the percentage of traders that are bearish or bullish for a particular asset that is being traded. The rebate feature is another useful indicator that is offered by this brokerage platform. Several platforms just illustrate that the payout a trader may receive upon closing a trade. However, while using BinaryOnline, a trader can actually estimate the amount that they would be receiving in terms of rebate if the trade gets closed.
BinaryOnline includes more than seventy tradable assets over its platform which includes currencies, commodities, indices as well as stocks. These are sought by traders all over the world and the firm is quite determined in offering assets that mean a lot to the traders. A lot of efforts have been put up by BinaryOnline for ensuring that the traders remain informed about various assets being made available for trading. A lot of information is available on the site right from the homepage. Detailed descriptions can be read from the dedicated pages.
Regulations and Security
BinaryOnline takes every possible measure when it comes to the security of the traders while making operations online. Data furnished by the traders are kept private and secure. The website is SSL certified and complies with PCI certifications. These technologies offer protection and encryption of information that gets transmitted over the web. Strict compliance procedures are followed by BinaryOnline when it comes to monetary transactions. Customer polices are adhered to during the operations. The platform is taking all possible measures in getting the traders be aware of the stringent financial regulations. The company would soon be fully regulated and till now has not been a subject of fraudulent issues.
A strong support system is quite crucial for establishing authenticity of any broker. Customer support helps in establishing trust between a broker and a trader. The support system offered by BinaryOnline can be accessed without any hassles. The support services can be availed 24/7. The team can be reached through email, live chat as well as through phone. The team is responsive and caters to the requirements of the traders in a quick manner. You would not be disappointed by the outcome of any customer service option that you would opt for.
Is BinaryOnline a Scam?
No. BinaryOnline is not a scam. You would not find any evidence of information about this brokerage firm that may make you believe that this is a scam. The company lives up to the image that it projects about its firm and is meticulous in its dealings. No illegal or fraudulent activity has been reported by any authority against the broker which makes it a reliable one.
- An advanced trading platform
- Choice of trading accounts
- Dedicated customer support
- Mobile trading available
- Localized trading available
- Supports copy trading
- Limited localized support
- Limited number of assets
- Not regulated
Is it worth opting for BinaryOnline services?
BinaryOnline is a relative new broker in the binary options industry. The platform has managed to maintain a clean track record and has managed to offer lucrative options to the traders despite being new in the field. It has not failed in offering innovative services and is as well planning to launch mobile app for the convenience of the users. The broker is reliable, safe and has not failed to demonstrate professionalism in its dealings with the traders. The trading accounts can be chosen by the traders based on their level of experience as well as requirements. Personal advisor can make the option of trading much more easily for busy traders. The support services are available all round the clock. The trading platform offered is one of its kinds and appropriate material is offered to new traders so that they can understand the basics of the trade. The traders can choose an account based on their requirement as well as educate themselves before making any move.