Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
7 Binary Options
Binary.com emerges from a long-standing tradition of online trading and gaming websites. Their years of expertise is easily portrayed on their Binary.com binary trading platform. This unique platform offers some of the most innovative products we have seen thus far. In this Binary.com review, we will examine the various features that make Binary.com stand out from the rest. Their product pallet is by far their most outstand feature. We will show why thousands of people are choosing Binary.com as their first choice for binary trading.
Online since: 1999
Jurisdiction: Europe, UK, Internationally
Max Returns: 91%
Minimum Deposit: $5
Minimum Investment: $1
Maximum Investment: $50,000
Currencies: USD, EUR, GBP, AUD
Countries: All nations excl. USA, Japan or Hong Kong
- Low minimum deposit ($10)
- Call Back feature for customer support
- Proprietary trading interface
- Wide selection of withdrawal methods
- Demo account for new users
- Net wallet processing can take 3-5 days
7 Binary Options Rating:
Binary.com Special Features
As previously stated in our Binary.com review intro, the best feature of this outstanding broker is its versatile and unique proprietary binary options trading platform. Their range of products differs slightly from the typical set of trading options you are used to seeing on other binary trading platforms. However, we strongly feel the products should be mentioned in the next section, so we invite you to read our Binary.com review in its entirety to see the full range of products that Binary.com offers its clients.
Another great feature of Binary.com is the charting section which offers a variety of outstanding views graphs of the preferred quotes.
Here’s a taste of what the charting section includes:
- a candlesticks graph
- a real time graph
- interactive Java(R) run charting software that allows traders to run a variety of tools over the possible price quotes as well as determine the available range of pricing moves
We discovered this amazingly unique feature during our Binary.com review. Other platforms that offer good graphing tools do not manage to bring the analysis tools to this level of perfection.
Binary.com offers an exceptional educational section on their website. As we were conducting our Binary.com review, we participated in one of the many webinars offered by Binary.com. We feel this is a great tool for expanding one’s trading skills as well as general knowledge about binary options trading. On Binary.com, traders can view the times for the webinars so they can join in.
Binary.com Trading software
As we previously stated, Binary.com’s trading interface is proprietary and offers a wide array of various products as well as underlying assets. Traders can utilize the additional charting features offered on the platform to evaluate the different pricing options for each trade option prior to making a move. This ensures that the users will benefit from the technical features of the site as while participating in a wide assortment of trading opportunities.
Binary.com offers five basic types of binary trading options:
- Rise/Fall, in which the trade focuses on the direction of the security as related to the starting price
- Touch/No Touch Options which are the standard binary trading options
- Boundary Options and Higher/Lower binary options in which the traders strive to determine of the price will increase or decrease as compared to the target price
- Ends In/Out and Stays Ins/Out options
- Advanced Range options including Tick Traders, which are super-fast term trades which we utilized the most during our Binary.com review
Binary.com also has recently introduced the flexible Asian & Digits running on the Random idea. In this instance one counts bets on the last digit of the expiry time rather than the pips. This is very intriguing as it shows the gaming industry influences of Binary.com. They also offer the Sell Options function which enables users to reduce risks by exiting the position before the expiry. In our Binary.com review, we did not test this feature. However, as it is quickly becoming a standard feature offered on the most popular binary options platforms, we are extremely confident that it is a useful tool.
As our readers can attest from our Binary.com review, the possibilities on this platform are endless. All these options offer two possible choices with the platform offering both positions on the side transparently. The user can compare performances and make an educated decision before making a trade. The platform itself is very user-friendly and easy to navigate. However, the advanced charting tools make it a viable platform for experienced traders. At the same time, these tools won’t inhibit those who may be new to the market. For newcomers, Binary.com offers a demo/virtual account, which we feel is a great feature, although for we did not utilize it during our Binary.com review as we wanted to also concentrate on the baking features offered on the site.
Binary.com offers a vast array of trading assets. These include:
- 28 indices
- 27 currency pairs
- over 50 random indices which include one additional non-traditional asset classes offered exclusively at this time by this platform
- Three commodities, but traders can find more in the Sectors section as indexes
- A variety of smart forex pairs
Obviously, we were only able to trade with a few of these options in our Binary.com review, but needless to say, the possibilities are endless!
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
Binary.com Support information
Binary.com not only offers professional technical and operational support, but they also find ways for their customer to gain assistance with gaming issues. For any issues, Binary.com’s customer support can be reached via email, call-back service, phone and live chat. They offer phone numbers with different working hours for their European and Asian clients. We had no problems reaching their support system whenever we reached out for assistance.
There are also direct phone lines and a line dedicated to those who need assistance regarding issues pertaining to trading platforms. Users are often drawn to the binary trading market as well as other means of online trading without considering the risk. Binary.com also cooperates with GameCare, which is an organization that offers assistance for those recovering from a gambling addiction.
Their customer support team is very knowledgeable and well trained as they were able to answer all inquiries and solve all issues quickly and professionally. During our Binary.com review, we were happy to get such a quick response from customer support as this is crucial to those utilizing every aspect of binary trading. We were pleased with the call back service and feel this is an option that other binary options brokers and binary option robot should utilize as well. We were happy to test that unique feature as part of this Binary.com review.
Video: How to Open an Account to Binary.com
Binary.com Video: What Is Binary Options Trading?
Binary.com Banking and company information
Binary.com offers a variety of withdrawal methods and the minimum amount is usually the same as the minimum deposit amount, which can be as low as $10 (or even $5 for some of the methods of deposit) The withdrawal fee depends on the method you select.
Since the offer an extensive list withdrawal processes, we recommend speaking directly to one of their account representatives to find out which one is best for you. These include, but are not limited to:
- Liberty Reserve
- Debit or Credit card options
The typical withdrawal process for Binary.com is usually 24 hours, but it may take longer than this to physically see the money in your account. They make mention of a “5 working day” processing time on another section of their website so it might be safer to go with the five day processing theory, although during we experienced a very rapid withdrawal time during our Binary.com review.
We found that baking with Binary.com is a delightful experience as they have excellent services overall, for example because of the following points:
- They utilize a wide range of deposit and withdrawal methods that range from net wallets to credit cards
- Their fees are low
- The deposit requirements are extremely low when compared to other binary options platforms
- Binary.com accepts a variety of credit cards including Visa, MasterCard and Union Pay
- Deposits are immediately available and withdrawals take 3 days
- The minimum deposit is only $10, which is a huge plus in our opinion
- Bank wire is also available
The minimum deposits for bank wire start at $10, $25 and $100. They offer many options of net wallets including CasaPay, UKash, CashU, Skrill, Perfect Money, among others. The minimum deposit for net wallets starts at $5.
However, every service does not support all forms of currency for the trading account. The bank wire process takes longer than most and charges a fee of $25 and processing can take 3-5 days. During our Binary.com review, we tried to deposit the lowest amount as this is a unique feature amount binary options platforms. However later we deposited a larger amount so we could make uninterrupted trades.
Regent Markets in Malta is the company behind Binary.com.
We highly recommend this platform for both new and experienced binary traders. We hope you found our Binary.com review to be informative. We rarely find a platform this versatile and we encourage our readers to check out this outstanding platform.
Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Russian, Arabic, Indonesian, Portuguese, Chinese, Polish
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Early close: Yes
Expiry Times: 15 sec, 30 sec, 60 sec, 2min, 15 min, 30 min, 1 hr, 24h, 24 hr+, End of Day, End of Week, 30 days, 150 days
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, CashU, Ukash, WebMoney, Paysafe Card, Neteller
Withdrawal Time: 2 – 5 day
Demo account: Yes
Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
|Headquarters||Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825|
|Support Number||+44 (0) 1666 800042, 0800 011 9847 (Toll Free)|
|Languages||English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai|
|Trading Platform||Own development, TradingView|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$100000|
|Bonus||Up to 100% on deposit|
|Payout||Up to 100%|
|Free Demo Account||Open Demo|
|Regulation||gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000)|
|Account Types||Demo account, real account|
|Deposit Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Withdrawal Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Number of Assets||100+|
|Expiry Times||From 10 seconds to 365 days|
|Types of Assets||Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin)|
|Option Types||Up/Down, Touch/No Touch, In/Out, Asian, Digital|
|Account Currency||AUD, EUR, GBP, USD|
|US Traders Allowed|
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
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WMoption, founded in 2020, is a binary options broker domiciled (owned and operated) in Germany. Its platform offers traders assets for trading in indices, equities, commodities and currency pairs. The range of assets offered for trading is not very wide, however.
WMoption is completely unregulated. We believe this is unacceptable in any firm operating electronic trading in the financial markets in today’s era. Client redress for any perceived wrongs would presumably be under German law.
There are several different account types which are all based upon the size of the initial deposit made. The Rookie account can be opened with a deposit of as little as $250, and offers a welcome bonus of 20%. The Basic account requires a deposit of $1000, and offers a welcome bonus of 25% and an additional 1% on the winning trade payouts. The Silver account requires a deposit of $5000, and offers a welcome bonus of 50%. The Gold account requires a deposit of $25000 and offers a welcome bonus of 70%. Finally, the VIP account requires a deposit of $100000 and offers a welcome bonus of 100%. Accounts from Gold and upwards also offer a priority phone line to a dedicated account manager.
WMoption promises payouts of up to 85% but many of the options trades on offer will give lower payouts for wins, which can be as low as 70%. By the standards of the industry this is not bad. Additionally, losing binary options trades also pay back 10%.
Options trades are offered on time frames ranging from 30 seconds to 1 hour.
The maximum investment amount varies depending upon the account type. A Basic account allows a trader to risk up to $1000 on a binary options trade while a VIP account holder may risk up to $5000. Risk must be made in multiples of $25 and the minimum trade risk is therefore $25.
Several types of binary options trades are offered: high/low, range, and one touch.
WMoption’s website includes an education section and a blog as well. The education section consists entirely of hosted videos which are divided into four categories: market reviews, economic calendar, trading tips, and winning tactics. These are all short “talking heads” videos updated daily, and while of reasonable content quality, are not really great educational resources.
Bonuses and Promotions
There are fairly generous welcome bonuses offered at the time of deposit, as already detailed previously.
The minimum deposit amount at WMoption is $250. or its equivalent in another currency. Deposits are accepted in more or less all major currencies and by practically every method you can imagine.
Withdrawals may be made by credit card, e-wallet or wire transfer. The withdrawal process usually takes about 8 business days from initial notification to receiving the funds in your account.
There are no minimum withdrawal amounts.
Traders should note that certain minimum volumes of trades must be reached before profits may be withdrawn, expressed as “trading points”. Traders should enquire about these terms extremely carefully if an account is opened.
The main headquarters for WMoption is in Germany but there are apparently offices or at least dedicated phone support lines in various other parts of the world, including South Africa, Australia, Canada, Malaysia, Ukraine, Nigeria, Bulgaria, the Netherlands, Finland and Norway. Traders can contact a WMoption representative by telephone during local business hours and can use email anytime of the day.
The website provided by WMoption is functional but has areas of blank content where a heading advertises something, for example the space under “Meet the Team” was completely empty as at the time of review. There are certain elements to the site that cause us to doubt whether the site is designed and maintained to a highly professional degree, although the trading element seems to function perfectly well.
WMoption offers applications suitable for all types of smartphones.
The fact that WMoption is completely unregulated and also providing a fairly sketchy general means that we have to say we look upon this company with disfavor.
WMoption boasts of many features to attract a maximum number of new clients and at face value, the company seems to have excellent offerings. The payout percentages are fairly high for the industry. It must be said that some of the other features, include restrictions on withdrawals and offerings such as the education section, are somewhat disappointing.
There is a choice of many different trading accounts and starting deposits are fairly minimal at only $250 or other currency equivalent.
WMoption is completely unregulated.
WMoption offers a single, web-based trading platform. This is fairly standard within the binary options industry. There is no specialized version for use with a mobile phone or other transportable devices.
The platform offers a list of assets including currency pairs (Forex), stocks, indices and commodities. The platform offers immediate execution with real-time results and up to 85% profits on trades.
The WMoption mobile platform consists of apps designed for iOS and Android powered phones and tablets. They enable traders to manage their trading portfolio and also access live rates, open and close positions, view charts, and many more.
A single account can be opened for both the Web platform and the mobile application.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!