Binary Online Review

BROKERRATINGVISIT

  • Bonuses: 80/100
  • Software: 85/100
  • Customer Support: 70/100
  • Options Choice: 90/100

VISIT BINARY ONLINE

 

BINARY ONLINE SUMMARY

In terms of ratings, BinaryOnline has been assigned a score of 80/100 as the bonuses provided are provided in such a way that the biggest bonuses are reserved for experienced clients who can handle them. The software itself is rated highly and is given a score of 85/100 for its clean and visually appealing user interface, as well as the wide array of trade types and traded assets. We rate the customer support at 70/100 as the brand needs to expand its customer support channels. There are several innovative tools and features that warrant a score of 90/100 under the software features metric.

 

BINARY ONLINE INTRODUCTION

 

There are binary options online brokers that are out to make you, and others that are out to milk you dry. Where would you rather be? With a broker that believes in your success, which creates a symbiosis, or a broker that leeches on you and sucks you dry like a parasite? There are too many parasites out there; you do not need another one to join the list of those waiting in the shadows to prey on your money. That is why we present BinaryOnline, a binary options online broker for the 21st century.

Company information

BinaryOnline is a new binary options online brokerage that operates out of Europe. The brand is owned and operated by Zola Ltd, a Bulgarian binary options online firm. This is not a brokerage that has come out to swell the ranks of scam masters masquerading as brokers. This is a brokerage that has clearly done its job of identifying issues in the market and taking steps to get out a product that solves the problem.

Even though BinaryOnline is located in Bulgaria where binary options online are unregulated, the brand offers a very sound package for traders. One major revolution it has brought about is the ease of use of its software, which we shall describe in the accompanying section.

 

Trading Software

So what is special about the BinaryOnline software? The BinaryOnline software is a turnkey software from the SpotOption brand. Those who have followed the SpotOption software over the years know that the software offered in 2017 is not the same as that offered to traders in 2011. There have been many modifications, most of which have been performed to suit the yearnings of traders. BinaryOnline has inculcated these changes into its software offering. This provides traders with great features which will be discussed below.

 

 

Mobile Trading

In addition to the webtrader, BinaryOnline can also be used on mobile devices, permitting the trading of binary options online on the go. Traders can use BinaryOnline in two ways:

  1. They can access the trading portal using the mobile version of the website.
  2. They can also download the mobile apps on their smartphones and trade directly from the apps. These apps are available from the Google Play store as well as the App Store.

 

Assets available

Here is a summary of the asset index on BinaryOnline.

Cryptocurrencies: BITCOIN, BTC/ETH, BITCOIN/EUR, BTC/LTC, Dash, Ethereum, Ethereum/Litecoin, Litecoin.

Stocks: Nike, Lukoil, HSBC, Gazprom. Nissan, Reuters, BP, BAE Systems, Citi, Coca Cola, 3M, Sberbank, Rolls Royce, TATA, TEVA.TA, Adidas, AIG, Turkcell, Tesco, ANZ Bank, AXIS Bank, Baidu, Banco Santanader, BoA, Ebay, General Electric, Ferrari, Goldman Sachs, Groupon, GoDadd, Intel, Johnson & Johnson.

Forex: NZD/JPY,  GBP/RUB, GBP/JPY, GBP/CHF, GBP/CAD, EUR/RUB, EUR/NZD, EUR/CHF,   EUR/CAD, EUR/AUD, BitCOIN(Bitstamp), AUD/USD, AUD/NZD, AUD/JPY, AUD/CHF,   AUD/CAD, USD/ZAR, USD/TRY, USD/SGD, USD/RUB, USD/JPY, USD/CHF, USD/CAD, NZD/USD, GBP/USD, EUR/USD, EUR/GBP, EUR/JPY.

Indices: U.S 30 Year Note, U.S 10 Year Notes 10 Year Note, TSX 60, TAIEX, STRAITS TIMES, SMI FUTURE, SHANGHAI COMPOSITE, FTSE MIB, RUSSELL 2000, NIFTY FUTURE, KOSPI, IBEX, GERMANY 10YR, FAZ-SHORT BANKS, DOW, DOLLAR INDEX, DAX, CSI 300,   BOVESPA, ASX, IBEX, TOPIX, TEL AVIV 25, TADAWUL (SAUDI STOCK EXCHANGE), S&P 500 (US), RTS (RUSSIAN TRADING SYSTEM), NIKKEI225 (JPN), NASDAQ (US), MSM 30 (OMAN), MICEX 10 (MOSCOW INTERBANK EXCHANGE), KUWAIT (KUWAIT GENERAL INDEX), KL FUTURE, ISE 30 (ISTANBUL STOCK EXCHANGE), HANG SENG (HONG KONG), FTSE 100 (UK), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX).

Commodities: Soybean, Rice, Palladium, Oranges, Gold/EUR, Cotton, Natural Gas, Corn, Brent Crude, Copper, Wheat, Silver, Sugar, Platinum, Gold, Light Sweet crude.

In all, more than 200 assets are listed for trading.

 

Account Types, Bonuses & VIP programs

The account types on BinaryOnline as well as the bonus offerings go hand in hand, as bonuses are uniformly structured. They are graduated according to the type of account held by the trader. In order to better represent the needs of various clients, account types have been grouped into three. Each of these account types presents traders with deposit bonuses, which are calculated as a percentage of the account deposit amount.

 

Take Off Account

  • 25% welcome bonus
  • Account deposits of $250 to $2,499
  • 24/7 Customer support access
  • Daily market analysis

Standard Account

  • 50% welcome bonus
  • Account deposits of $2,500 to $9,999
  • 24/7 Customer support access
  • Daily market analysis
  • Personal trading advisor
  • 2 weeks of free signals

Premium Account

  • 75% welcome bonus
  • Account deposits above $10,000
  • 24/7 Customer support access
  • Daily market analysis
  • Personal trading advisor
  • Regular webinars
  • 3 weeks of free signals

There is also an Elite account which is meant for those who can afford to deposit more than $50,000. This is the true VIP account which incorporates the features of the Premium account and more.

 

Fees, Payouts and Trading features

No fees are charged on trades. The average payout for trades is 80%, though trades can pay as low as 65% and as high as 85%. The length of the expiry for the trade has an influence on the payout percentage.

 

Deposits and withdrawals

Deposits and withdrawal methods available include:

  1. Credit/debit card, which provides instant withdrawals and deposits for users.
  2. Bank wire: this takes up to 3-5 days for complete processing of transactions.

Accounts can be maintained in US Dollars, British Pounds and Euros. There is also a provision for selected local currencies to be used on a case by case basis.

When it comes to deposit and withdrawal requirements, these are the important points to note.

  • Minimum withdrawal amount is 100 USD/Euros/GBP
  • There are no maximum withdrawal limits. However, bank wire withdrawals attract a $50fee, while card withdrawals attract fees of between $10 and $25.
  • Minimum deposit is $250.
  • Minimum investment into a trade is $5 for commodities and indices, and $10 for forex assets.
  • Maximum investment into a trade is pegged at $5,000.

 

Customer support

Customer support on BinaryOnline is available using two channels:

  1. Via email: [email protected]
  2. Online contact form on the Contact Us page on the broker’s website.

 

Extra features and resources

BinaryOnline features some extra tools and resources for traders. These are as follows:

  • There is a full educational suite featuring resource materials and several webinar series (transcripts of past webinars also available for download).
  • A Trader’s TV is available on the website. This online TV station features Trade Tactics, Trading Tips and a Market Review segment. This tool alone condenses all the voluminous daily market analysis into a few short TV clips.
  • Muslim traders are catered for with the all-new Islamic account.
  • Several trader tools are also featured. Some of these are TradeReplica and the OptionsBuilder. TradeReplica is the copy trade feature of the BinaryOnline platform.

 

Verdict

For a brokerage business which is just starting out, BinaryOnline is on the right track. The company behind the brand has invested a lot into producing good resources for traders in terms of education and the trading experience. It just needs to tidy up its regulation and customer support, and the brand will definitely gain enough traction to challenge the big boys in the business.

 

Pros:

  • 24/7 Customer Support
  • Great user interface which is visually appealing.
  • A wide range of trading tools available.
  • A very broad selection of assets to trade.
  • The Trader’s TV is a time-saving and educative innovation for traders.

 

Cons:

  • Limited customer support channels
  • No information on broker regulation.

 

FAQ

In this section, we feature some of the frequently asked questions from users about BinaryOnline.

 

  • Does BinaryOnline provide cashbacks?

No, BinaryOnline does not provide cashbacks.

 

  • Does BinaryOnline allow the bonus to be withdrawn?

Bonuses are meant for trading purposes only. Traders must generate a trade volume equivalent to 30X the bonus amount to be able to make withdrawals.

 

  • Can I use a robot on the BinaryOnline platform?

No, you cannot use a robot for automated trading on BinaryOnline.

 

  • Is BinaryOnline regulated?

No, BinaryOnline is not regulated at the moment. However the company is working on this at the moment.

 

BROKERRATINGVISIT

  • Bonuses: 80/100
  • Software: 85/100
  • Customer Support: 70/100
  • Options Choice: 90/100

VISIT BINARY ONLINE