BinaryOnline is an unlicensed Forex / CFD trading broker that started operations in 2016 using the popular Spot5 trading platform.
BinaryOnline Review
When we reviewed BinaryOnline , we found that they use the new version of the SpotOption trading platform. This platform is popular for its user-friendly interface and its wide variety of trades to choose from. The new version now offers investors the ability to trade in Forex and CFD’s.
There are many formats of binary options to choose from at this broker: Pairs, 60 Seconds (short term), Long Term, One Touch, Builder, Ladder and of course classic Binary Options. In the Short term option, you have 5 different expiry times, between 1 minute and 5 minutes. The Long term options let you set an expiry date of up to a year ahead.
There are over 120 assets to trade here, including currencies, stocks, commodities and indexes. The Forex trading allows leverage of up to 1:100, and lets you set the stop loss / take profit values.
Auto Trading Robots
Many people like the idea of a software that will automatically place the right trades for you. Doesn’t it sound great? The problem is, that most of the so called “Auto-trade systems” are just fake random trade placers, that lose money.
If you want a real Robot that let’s you set the controls and choose your broker, then look at these robots.
BinaryOnline Accounts
We always recommend to our readers, that they read a brokers Terms & Conditions carefully before opening an account. Often, accepting a bonus will place restrictions on you being able to withdraw your money. Find out more about this by reading other customer complaints in our forum.
BinaryOnline offers their clients four different account packages, each with added benefits. The minimum deposit for an account is $250 and trades can be placed for as low as $5. Profits for binary options are usually between 65% and 85% depending on the asset and expiry time.
BinaryOnline License
In order to establish that a Crypto or Forex broker is legit, we look for a license from a government’s financial regulator. CySEC of Cyprus, FSB in South Africa and ASIC in Australia, give licenses to broker who comply with their regulations.
BinaryOnline does not have a license.
Contact Information
BinaryOnline is actually owned and operated by a company called: Zola LTD, 14 Tsar Osvoboditel Blvd. 1000 Sofia, Bulgaria. Phone Numbers are : (UK) +44 203 026 5665, (Australia) +61 288 800 196
Email: [email protected] Website: www.BinaryOnline.com
Compare BinaryOnline
There are currently more than 250 active brokers operating now. Why not have a look at these other popular brokers that you might want to consider trading with.
24option is a popular Crypto / Forex broker that is licensed in Europe. Their minimum deposit is $250, and 24Option gives investors a unique user friendly trading platform, see here.
