BinaryOnline Trading Overview
As long as binary options trading continues to be a vital part of the modern financial markets, new brokers will keep on persisting with innovative services in a bid to become the primary choice of brokerage for new and existing traders. Binary options trading does provide an interesting and exciting investment alternative to traditional financial products, but it is the potential rewards that keep traders interested in the binary options product. Regardless of the financial scams and strict sanctions enforced by financial regulators, both traders and brokers find new ways to invest in binary options and take advantage of the market dynamics through a high-risk platform.
BinaryOnline is another new company that has taken the plunge to offer dedicated binary options products to investors across the globe. Since there are several issues that bother companies venturing into the binary options market, it is seen that several existing brokers are keen on downsizing their services to match their earnings and control their expenditure. Other brokers have also switched to alternative markets, but in the case of BinaryOnline, the company appears to be going all out in its marketing campaigns to increase its presence in the global community of traders.
BinaryOnline may be a new broker, but the services and products do present an attractive opportunity to trade binary options. We feel that our in-depth Binary Online review should empower traders into finding out all the good qualities of the broker’s products, and some negative aspects of the company’s services, in order to make a better judgement while trading with BinaryOnline.
BinaryOnline has an excellent website that is clean, professional, and highly user-friendly. The website has an aura of quality and reputation, which makes it easier for traders to trust the company’s services. Even the customer testimonials and other company data provided on their official pages offer detailed information about the broker’s dedication towards investor protection through personal data privacy, segregation of funds, and advanced encryption technologies. The company also claims to have more than 200,000 clients from more than 100 countries around the world, which are responsible for transacting close to 8 million transactions a month. It is indeed a commendable statistic, particularly when considers the fact that BinaryOnline went live only in 2016.
However, our BinaryOnline broker reviews take one step closer towards investigating all the claims in detail and read through the fine print before making any assumptions. BinaryOnline is obviously a financial broker domiciled in Europe, with its official company address located in Sofia, Bulgaria. BinaryOnline, as a binary options brand, is owned by Zola Ltd., a company which has other financial properties and services that cater to different investors across the world.
There seems to be an increased number of brokers basing their offices out of Bulgaria, and it does appear that such companies operate in the EU without a verified regulatory license. BinaryOnline also does not appear to have a regulatory license; neither is it authorised under the EEA or the MiFID to offer its services to traders from the EU.
It is also not surprising that BinaryOnline is not capable of offering its services to residents of the US, Australia, Canada, New Zealand, and other countries in Europe and parts of the Asian continent. It is certainly a loss for both traders and the broker, as BinaryOnline has an excellent suite of binary options products, which could have benefited a whole group of traders. With a rise in popularity of the broker’s services, we do anticipate the company to take up the issue of regulation quite seriously, but until then, we have to trust the company’s promise of safeguarding its clients’ funds in the proper manner.
BinaryOnline Assets Index
More and more binary options brokers are realising the need to offer a huge variation of tradable assets, as traders are looking for different options to increase their edge in trading. Financial instruments have their own distinct characteristics, and some assets move in certain ways that satisfy the requirements of binary options traders. The unique advantage of trading binary options is that traders can choose any asset from the global basket of tradable instruments, including assets from shares, commodities, indices, and FX markets. Traders are often proactive in their approach towards choosing an asset or a group of underlying instruments, as getting comfortable with the movement of markets is one of the important factors in enjoying successful trading.
BinaryOnline has over 200 different assets in its portfolio, and we will list all of them below for your reference:
CryptoCurrencies: BITCOIN, BITCOIN/ETHEREUM, BITCOIN/EUR, BITCOIN/LITECOIN, DASH, ETHEREUM, ETHEREUM/LITECOIN, LITECOIN
Currencies: NZD/JPY, GBP/RUB, GBP/JPY, GBP/CHF, GBP/CAD, EUR/RUB, EUR/NZD, EUR/CHF, EUR/CAD, EUR/AUD, CAD/JPY, 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
Shares: YANDEX N.V, YAHOO, WYNN RESORTS, WEIBO, WAL-MART, VOLKSWAGEN, VODAFONE, UNICREDIT, TOYOTA (US), TOSHIBA CORP, TESLA MOTORS, TENCENT HOLDINGS, TELEFONICA, TATA STEEL, SUMITOMO MITSUI, STARBUCKS, SONY, SINA, SIEMENS AG, SAP, SANDISK, SALESFORCE.COM, S.BANK INDIA, ROSNEFT’, RIO-AU, RIO TINTO, PROCTER & GAMBLE, PFIZER, PETROBRAS, PEPSICO, PAYPAL, NETFLIX, MICRON, METRO AG, MCDONALD’S, MAZDA MOTOR, MASTERCARD, LUFTHANSA, LOCKHEED MARTIN, LLOYDS BANK, LINKEDIN, LAS VEGAS SANDS, JP MORGAN CHASE, JOHNSON & JOHNSON, INTEL, HSBC-HK, GROUPON, GOLDMAN SACHS, GODADDY, GENERAL MOTORS, GENERAL ELECTRIC, FERRARI, FEDEX, FACEBOOK, EXXON MOBIL, EBAY, E.ON AG, DISNEY, DEUTSCHE BANK, DELTA AIR LINES, DAIMLER AG, CK HUTCHISON, CATERPILLAR, BRITISH AMERICAN T, BOEING, BMW, BLACKBERRY, BHP-AU, BAYER AG, BASF AG, BARCLAYS, BANK OF AMERICA, BANCO SANTANDER, BAIDU, AXIS BANK, ANZ BANK, AMAZON, ALPHABET (GOOGLE), ALLIANZ SE, ALIBABA, AIG, ADIDAS, 3M, TURKCELL (TURKEY), TEVA .TA, TESCO, TATA MOTORS (INDIA), SBERBANK (RUSSIA), ROLLS ROYCE (LONDON), REUTERS (US THOMSON REUTERS), NISSAN MOTOR, NIKE (US), LUKOIL (RUSSIA), HSBC HOLDINGS (LONDON), GAZPROM (RUSSIA), COCA COLA (US), CITI (US), BP (BRITISH PETROLEUM), BAE SYSTEMS (LONDON), APPLE (US), IBM, MICROSOFT (US)
Commodities: SOYBEAN-MAR16, RICE-MAR16, PALLADIUM, ORANGES, NGAS F-APR16, GOLD/EUR, COTTON-MAY16, CORN, BRENT CRUDE OIL-APR16, COPPER, COCOA, WHEAT, Sugar, SILVER, PLATINUM, OIL (LIGHT SWEET CRUDE), GOLD, Coffee
Pairs: VOLKSWAGEN VS DAIMLER, SIEMENS VS E.ON, S&P 500 F VS NASDAQ F, RIO-AU VS BHP-AU, NIKKEI VS SUMITOMO MITSUI, NIKKEI 225 VS TOSHIBA, NASDAQ VS APPLE, AMAZON VS NETFLIX, MAZDA VS TOSHIBA, LINKEDIN VS TWITTER, LINKEDIN VS FACEBOOK, GOLD VS SILVER, GOLD VS OIL, FACEBOOK VS TWITTER, DAX F VS FTSE F, CITIGROUP VS JP MORGAN CHASE, CITIGROUP VS AIG, BMW VS DAIMLER, BARCLAYS VS LLOYDS BANK, APPLE VS AMAZON, APPLE VS ALPHABET, AMAZON VS EBAY, ALPHABET Vs FACEBOOK, ALPHABET VS BAIDU
Indices & Bonds: U.S 30 YEAR NOTE, U.S 10 YEAR NOTE, TSX 60, TAIEX, STRAITS TIMES, SMI FUTURE, SHANGHAI COMPOSITE, FTSE MIB F-JUN16, RUSSELL 2000, NIFTY FUTURE, KOSPI, IBEX, GERMANY 10YR-JUN16, FAZ-SHORT BANKS, DOW F-JUN16, DOLLAR INDEX F., DAX F-JUN16, CSI 300, BOVESPA F-APR16, ATHENS, ASX F-JUN16, ASX, IBEX, TOPIX, TEL AVIV 25, TADAWUL (SAUDI STOCK EXCHANGE), SSE180 (SHANGHAI 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), DOW (US), DAX (GERMANY), BOMBAY SE
Due to the excellent choice of assets, all categories of traders can trade the markets without making any compromises. Aside from the traditional binary options trading, BinaryOnline also provides an opportunity to trade Forex and CFD products, which render an additional layer of flexibility for investors. Therefore, the ability to trade both binary options and FX/CFD products is a huge advantage for BinaryOnline traders.
BinaryOnline Trading & Payouts
Trading binary options at BinaryOnline grants you access to an ample choice of binary options products. Traders can choose between classic binary options, 60-second options, long term options, ladder options, one-touch options, pairs options, Limits options, and FX/CFD assets. The minimum investment per trade is quite high at BinaryOnline, with most of the options requiring at least $25 per trade. Ladder and one-touch options require a higher $50 per trade, which is incredibly expensive, as other brokers allow investors to start trading from just $1. The maximum investment per trade also varies from $500 to $2500, which just about meets the average limits set by retail brokers.
The higher minimum investment and the relatively smaller higher maximum investment per trade may present a few trading hurdles for traders, particularly those that follow strict money management rules. Despite the slight drawbacks of the trade sizes, the BinaryOnline payouts are quite respectable, mainly for high-risk options such as one-touch and ladder options. The highest payout can reach up to 1500% for ladder options, while one-touch options provide an attractive payout of 450% for in-the-money trades. The traditional binary options and 60-second options are a bit conservative in their ROI, as traders can only expect to achieve anywhere from 65% to 82% returns for positive trades. The broker does not offer any refunds, which makes the payouts slightly less attractive than the other brokers. It is possible to enjoy a higher return from other brokers, as profitable trades may be eligible for up to 95% profits.
The broker has also made new products available to traders, including Limits options, which are nothing but range options that require traders to wager on the price moving between a set of different price levels within a specified expiry time. The TRADEREPLICA tool is a social trading platform, which allows traders to copy trades from other successful traders, and enjoy better returns on their investments. The platform also possesses unique trading products, such as OptionBuilders, which allow traders to specify their own options with varying expiry times. Traders are certainly spoilt for choices, as the number of features is quite significant and suitable for both beginner and expert traders.
BinaryOnline presents an option to modify trades through rollover, double-up, and sell options. The rollover feature allows traders to prolong the expiry of a contract, provided they feel that the option has a potential to turn profitable with an extended time of expiry. The double-up feature is merely designed to allow traders to increase their investment in a winning position, and enjoy double the profits to take advantage of their correct market call. The sell option is akin to a stop loss strategy, which allows traders to close their trades ahead of the expiry time. The sell option helps traders to lock in a smaller profit or a smaller loss and avoid losing their entire investment in a single trade, which may turn unfavourable in the future.
Trading with BinaryOnline may involve a conflict of interest, as the broker does not guarantee to match the price of its options with the live market prices. The company clearly suggests that the prices available on its platform are final offers made by the broker, and the traders can’t dispute any differences in prices that they may witness from the exact market prices. Therefore, BinaryOnline reserves the right to change its binary options contract specifications, and the price feeds derived from multiple sources may not be accurate in real-world trading conditions.
BinaryOnline Trading Platform
The browser-based BinaryOnline platform may appear to be a proprietary software, owing to the numbers unique features and platform customisation done by the company. In reality, the BinaryOnline trading interface is a modified version of the SpotOption platform, which has undergone a substantial redesign process to suit the company’s design requirements. The platform as a whole induces a sense of confidence to traders, as the professional layout and trading tools let a trader concentrate on their trading.
Traders are provided all the essential information for trading the markets such as a chart of an asset, the choice of asset and its expiry times, minimum investment amount, and all trade-related information such as potential payouts and protected amounts. An intriguing feature of the BinaryOnline platform is the built-in Trendify feature, which provides a trade recommendation according to a 10-second automatic analysis of the markets performed by the platform itself. The Trendify feature can be used to analyse the markets through three different indicators, the RSI, the moving average, and the Bollinger Bands, which does not require the trader to append any indicators to the chart. The Trendify feature is entirely automated and recommends a trade according to the existing market trend.
The BinaryOnline platform does not require any installations and is a simple plug-in-and-go platform that can be accessed through any device that has a compatible web browser. The responsive layout ensures that the BinaryOnline binary options platform can be accessed on any device, including desktops, laptops, smartphones, and tablets.
BinaryOnline Mobile Binary Trading
If you are more of a mobile user and does not mind the few limitations of trading on a device with a smaller screen, BinaryOnline offers a dedicated mobile trading platform for smartphone and tablet users. However, users can only download the BinaryOnline app for Android devices, as Apple has recently banned binary options apps, by preventing publishers from hosting the app on their iTunes store. Therefore, the broker has only developed a dedicated Android binary options app for smartphones and tablets, which can be downloaded from the official Google Play Store. Apple and other mobile users should use their device’s browser application to access the BinaryOnline platform, which provides similar performance and features like a dedicated mobile trading app.
BinaryOnline Minimum Deposit & Trading Accounts
BinaryOnline has three different trading account packages, with the minimum deposit requirements being made variable to suit the various categories of traders. The first choice of account is the Takeoff account, which is aimed at smaller traders. The Takeoff account has a minimum deposit requirement of $250 and is designed for all deposits up to $2,500. The basic account provides a few features such as daily analytical market update, webinar access, and seasonal promotions that may provide attractive bonuses or gifts.
The Standard account is more suited to professional traders, as such an account comes with a personal advisor and two weeks’ worth of trading signals. However, the higher deposit requirement of $2,500 to $9,999 may not be well-accepted by traders, as they would have at least expected to receive unlimited free trading signals for that kind of money invested into the company. However, if you consider the Standard account to be expensive, the Premium account stipulates a minimum deposit of $10,000 to $49,999, with no additional benefits.
For an increased investment, traders get one more week of free trading signals, but that seems to be only incentive traders receive for depositing a significant sum of money at BinaryOnline.
BinaryOnline should have considered lowering its minimum deposit and trade sizes, as the existing trading conditions may be too expensive for all categories of traders. The account funding options are also limited, as traders can only deposit or withdraw funds through credit/debit cards, or bank wire transfers. The absence of e-wallets is indeed quite strange, as most binary options brokers allow its traders to make a payment through popular online companies such as Skrill and Neteller. Nevertheless, all investments are moved to segregated accounts. However, the absence of regulation does not actually guarantee that the broker will indeed follow through on its promises.
BinaryOnline offers a 25% bonus for its Takeoff account holders, while the bonus is increased to 50% for the Standard account and 75% for the Premium account. The company also provides seasonal promotions and can provide some attractive benefits for its traders through loyalty programs. The BinaryOnline bonus does come with a few trading conditions, which should be properly analysed before opting for a bonus.
The broker does not include any mention of a demo account, as all users must directly move to a live trading account without any kind of practice. BinaryOnline only provides a live platform walkthrough, which seems to be the strategy adopted by a majority of binary options brokers. The platform walkthrough may be insufficient in providing the same trading conditions as a demo account, yet, traders can take a look around and understand the different platform functionalities before trading.
BinaryOnline Customer Service
The four-star rated customer service department is available on call 24X7, and BinaryOnline is one of the very few brokers that are totally devoted to their customers. The web contact form is the most preferred mode of contact for detailed information, but traders can also call the broker directly through its phone numbers in the UK and Australia, or use the live chat system for instant support. The broker also provides an email address for correspondence, or traders can also use their active social networks to interact with company representatives. Customers should be pretty satisfied with the broker’s attitude towards customer service, which is a vital component in binary options trading.
BinaryOnline Tools For Trading
Traders can use the vast amount of trading resources that are available at their disposal, which include video tutorials, Traders TV, trading signals, daily market updates, and exclusive training courses for beginners, intermediate, and expert traders. The broker does have an amazing collection of tools for trading, but the high-end trading access requires a high investment of at least $10,000. You may be able to get access to such information at a fraction of the cost at other competing brokers.
- Excellent choice of binary options products and assets from different financial markets.
- High payouts for products such as ladder and one-touch options.
- A well-thought-out platform for trading.
- New and innovative trading tools.
- Excellent customer service.
- Slightly high deposit required for a trading account.
- BinaryOnline is not regulated.
- No demo account, even as an option.
Is BinaryOnline A Scam Binary Options Broker?
BinaryOnline is a genuine binary options broker with a reliable product, but the absence of any regulation does not indicate BinaryOnline to be a scam broker.
What Are The Financial Markets On Offer?
BinaryOnline offers more than 200 financial instruments that include assets from Forex, Stocks, Commodities, Indices, and Cryptocurrencies markets.
What Is The Minimum Withdrawal Amount?
The minimum withdrawal amount is $100. You can only make a withdrawal through credit/card or bank wire transfer.