With hundreds of binary option trading platforms available, it can be very difficult for an individual to choose one. The confusion worsens if an individual is new to the world of binary options. To help you with the selection, today we’ll be reviewing BinaryRoom365, a popular binary trading platform. Everything good and bad about the platform will be discussed in detail to provide you with the most accurate picture.
So, let us begin!
This innovative trading platform is owned by Stitching WST Capital Limited. The broker provides traders with a highly user-friendly trading platform which has a number of innovative features to make trading easier and more profitable. The platform was established in the 2015 and is currently one of the most popular. It is registered in the UK and headquartered in Amsterdam. It is also regulated by FSA. As it is an online trading platform, traders can easily access it from their computer, laptop, and even their smartphone.
The trading platform is one of the best ways to know whether or not a particular broker is good. If the platform has glitches, doesn’t run smoothly, or is not able to provide users with accurate data all the time, it can actually prove disastrous for the trader. Bad software and inaccurate data also creates a lot of room for exploitation. For instance, no trader wants their trade to close after some time than it was supposed to, because of a glitch. During this glitch, the price of an asset can move in unexpected directions and a trader can end up losing even on a winning trade.
Fortunately, after testing the platform ourselves and going through a lot of user reviews, it is safe to say that BinaryRoom365 is highly secure and can always be trusted. All the data is secured with the help of 128-bit SSL encryption, which currently is the most trusted and effective online security measure.
Apart from the safety aspect, another important feature of BinaryRoom365 is it’s multi-functionality. The platform offers custom-designed, useful trading platform to ensure that it is able to keep up with the needs of every trader. Commodities, stocks, currencies, and indices can be easily traded on this single platform. High/low boundary, one touch, and even short-term options are available. Moreover, the platform also offers a variety of handy resources that can help you become a better trader and improve the accuracy of your trades. Apart from Japanese candlesticks, charts, latest financial and business news, graphs, etc. a trader also gets a variety of other resources to help open winning trades.
It is also important to note that BinaryRoom365 recently went through an upgrade and right from the appearance of their official website and trading platform, many other things have been improved to provide traders with an improved trading experience. If you are someone who likes trading on-the-go or someone who doesn’t want to lose a single trading opportunity, there is also a mobile app of BinaryRoom365 for Android and iOS phones. The mobile app too has a number of features and is nothing short of its online trading platform. Overall, if we talk about the trading platform of BinaryRoom365, it is highly intuitive, innovative, user-friendly, and whether you are new to trading or are an experienced trader, you are sure to like it.
If you are looking to create an account on BinaryRoom365, you’ll be amazed at how quick the whole process is. You’ll be required to fill a standard registration form which will be followed by a basic verification for activating the account. For verification, you’ll be required to send a photocopy of your address and ID proof. If you want to use your credit card for depositing money, you’ll be required to send its copy as well. Once the verification process is over, your account will be activated and you can then easily make your first deposit.
Deposit and Withdrawal
As mentioned above, all the online communications on BinaryRoom365 are secured with the help of 128-bit encryption. This ensures that all the personal data is completely secure and cyber thieves will be prevented from any kind of illegal actions.
Apart from the security, even deposit and withdrawal process is pretty simple.
Minimum deposit is 250 USD, GBP, or EUR.
One of the most impressive things about this platform is how much you may invest in each asset, amounts as low as 5 USD, GBP or EUR, which is lower than most of the other binary trading platforms and is excellent for smallest of traders. For depositing, you can use one of the several methods available, like MasterCard and Visa debit and credit cards, wire, etc.
If we talk about withdrawals, it is pretty straightforward as well. Minimum withdrawal is 100 GBP, USD or EUR. And the mode you used for depositing the amount will be used for withdrawal as well. If at all, the withdrawal amount is more than that you deposit, the deposited amount will be withdrawn with the help of the method which you used for depositing the amount and the remaining amount will be sent through bank transfer.
To make sure that this BinaryRoom365 review is as accurate as possible, we actually tried to withdraw money from our registered account. As mentioned on the website, our withdrawal request was processed within 48 hours and the amount was transferred to our account in 5 days. So, full points for the trading platform, security, and even the deposit and withdrawal process.
If you are looking for any kind of additional service apart from the trading platform, BinaryRoom365 offers that too. You can get in touch with their customer support department through phone, email, and even live chat. BinaryRoom365 has a total of 5 offices in Canada, South Africa, Singapore, Ireland and Australia.
For this review, we tried to contact their customer support department through live chat and email and were highly impressed with the quick response (which was around 5 minutes) and knowledge of the representative. It just took him a few minutes to answer our queries. This is an excellent quality which suggests that the company actually focuses on providing its customers with the best of service.
Moreover, if you just have a basic query, you can make use of the elaborate FAQ page available on its official website as well as the HD tutorial videos. There is also a very useful Education Center tab on its website which is full of great courses and e-books on binary trading. One should definitely use the Education Center as much as possible and it’ll definitely improve your trading by providing you with an abundance of knowledge.
As mentioned above, apart from checking every aspect of BinaryRoom365 ourselves, we also went through a number of reviews to have a better idea about the experience that others had with this platform. It shouldn’t come as a surprise that majority of the reviews are highly positive and encouraging. Right from the platform, its features, education center, withdrawal, deposit, to the friendly and quick customer support, every aspect of BinaryRoom365 is abundantly praised by the users.
While there are some negative reviews too, however, it appears as if those reviews are from traders who lost money because of their own mistakes. The platform encourages every trader to improve their trading skills and is highly focused on providing them with all the support and knowledge they are looking for. As a trader, this is very important as the feeling of having someone to help you in this confusing world of binary trading bring a great sense of relief to the traders and improves their trading confidence. Moreover, there were also some negative reviews about the verification process used by BinaryRoom365. However, the process is pretty simple and is something that is used by almost all the legit trading platforms.
Pros and Cons
Let us have a look at some of the most impressive things about BinaryRoom365-
- Payouts of up to 87% on regular binary options and up to 1500% on high-yield binary options
- 10% refund on the losses
- Loads of helpful resources
- Education Center is full of great materials
- Mobile app is highly intuitive
- Low minimum deposit and investment amount
Now, let us have a look at some of the not so impressive things about this platform-
- Fewer assets as compared to other trading platforms. However, almost all the most profitable ones are available
- Live chat is sometimes not available
BinaryRoom365 is already a very popular name in the world of binary trading for all the right reasons. While the number of assets offered by this platform is somewhat limited, the lower number of assets does a great job of substantially reducing the confusion. Moreover, all the most profitable ones are available. So, this shouldn’t be a matter of concern.
It has everything that you would expect from the best binary trading platform. And with its Education Center, mobile app, reliable deposits, and withdrawals, it’ll be very difficult for any other trading platform to beat BinaryRoom365. Register today and explore the world of binary trading with BinaryRoom365.