BetOnline Financial Review – BOL Legit Or Scam?
Traders can largely be classified along a spectrum. At one end are your super-dedicated hardcore professional types who are trying to make a living at it. At the other end are your casual traders who are essentially gambling for fun and hoping to make a little extra money while they are at it.
For the super-serious traders, we usually recommend Nadex. But if you are more of the casual gambling type, Nadex’s interface is pretty convoluted and not really worth your time to learn. It makes a lot more sense to pick a site with a simple, straightforward interface for trading.
And that brings me to BetOnline Financials. BetOnline is a well-established and respected online casino and sports betting site. Since the vast majority of binary options traders are gamblers, it makes sense that we would start seeing sites like BetOnline offering binary trading.
There are a couple of huge upshots for you here. The first is that BetOnline pays out way more on winning trades than most binary options websites. The second is that BetOnline is completely trustworthy. If you win you will get paid. This is one of the top gambling sites online, so if you play here and win, you know for sure you will get paid.
- Official Website: https://www.betonline.ag/financials/
- Headquarters: Panama City
- Phone number: 1-888-426-3661
- Founded in 2004
- USA traders are accepted!
- Trading platform: Proprietary
Is BetOnline Binary Options a Scam? (No)
BetOnline is definitely not a scam. Look this company up. Google for legit sportsbooks and you will find them on the top lists of the sites and communities. They are very well known. Seriously, they have their own Wikipedia page. How many binary options websites can say that? Most of those companies are fly-by-nights. BetOnline by contrast has tons of awesome reviews as an online casino and sportsbook. They offer that same quality with binary options trading as they do with all their other gambling services.
Deposit Info – Minimum BetOnline Deposit
The minimum deposit amount for trading on BetOnline depends on the deposit method you choose. You can use any of the following:
- Credit or debit card – $50
- W.U. Person to Person Money Transfer
- MG Person to Person Money Transfer
- Wire Transfer
- Book to Book
- Cashier’s Check
- Money Orders
Visit this page on BetOnline for the minimum and maximum deposit and withdrawal amounts for every method of transferring money. Note that there are fees associated with withdrawals, though I have not managed to find a comprehensive list. I do know that the fees vary depending on the method you use and the amount you want to withdraw.
Types of Binary Options Available
- Touch/One Touch
This is an excellent variety of trade types. High/Low is the most basic type of binary options trade, where you simply decide whether you believe price will rise or fall within a given timeframe. If you are right, you win the payout. Turbo is just the same, but it all takes place very fast. Turbo trades last 1, 2 or 5 minutes.
With Touch/One Touch, you wager that price for a given asset will hit a certain trigger value before your trade expires. Once again, if you are right, you win the payout.
What about Range trading? This is one of my favorite types of binary options trades. Whereas with One Touch you are wagering price will rise or fall to a certain level, with Range you are wagering it will keep trading within a certain specified channel. So the less price moves, the more likely you are to win—perfect for profiting in flat markets. And let me tell you, markets spend a lot of time ranging instead of trending.
Trading Features at BetOnline:
Player Insight. This is a widget you will find in the lower right-hand corner of the trading platform. It tells you whether other traders on the site believe that the price of an asset is going to rise or fall.
High Payouts. BetOnline trades pay out a whopping 160-180% when you win. Contrast that with the 75-85% which is typical on most binary sites.
Control Over Risk. BetOnline offers out-of-money refunds. You get to decide how big a refund you want. As you raise the refund amount, the potential payout amount drops. If you are wiling to forego more of the potential refund, the potential payout amount rises. BetOnline’s simple, clear interface will tell you exactly how much money you could win or lose on any given trade. So you always know what you are getting into before you submit your order.
What Can You Trade on BetOnline?
NASDAQ 100 Future
Coca Cola Co
Nintendo CO LTD ADR
Final Thoughts on BOL Financials
BetOnline is the ideal choice for casual binary options traders. If your goal is to have a good time and maybe pull in a profit now and again, it makes no sense to go through the struggle of learning Nadex. But it likewise makes no sense to pick some weird foreign fly-by-night broker who is just going to make off with your cash. BetOnline is a reputable online casino which is offering an awesome opportunity to binary options traders. So check out their website, open an account, and have fun!
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Trader Reviews, Comments and Questions Below
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