Licenses and Regulations
This broker was introduced in the year 2016 and has been one of the youngest players in the binary options market. The brokerage is headquartered in Europe, but there is not sufficient information regarding its owners. Being one of the users to review this broker, the first thing which was a drawback in this broker was that it does not provide a demo account. So, if you are a new trader, click here to proceed to a legit broker which provides demo account. A demo account is always helpful to get a real life execution of trades without investing a single penny. The review based on its operations, popularity, feedback, threats, complaints and the minimum deposit is mentioned below in this review article.
The review based on its operations, popularity, feedback, threats, complaints and the minimum deposit is mentioned below in this review article. Keep reading till the end before you decide if this is the broker you were looking for. It is banned in a few countries but is widely used in most parts of the world.
Binary Online uses the Panda Trading Platform. The various trading options it provides in this platform include Hyper, High/Low, Range and One Touch. It has expiries in the intervals of 15mins, 30mins and also an end of the day. It offers almost all the currency pairs and as far as the commodities are concerned, it offers Gold, Silver and Brent oil. There is a various range of stocks available for trade too. Payout ranges from anywhere between 70% to 85%. Both the UK stocks and the US stocks are available for trade since the opening of the markets. They have very well designed video tutorials which will give a pushing step forward, for the new traders.
Another feature which this broker has is the investment of the leftover funds. Usually, in brokers which have a minimum stake size of $25, people tend to lose some portion of the leftover if the account balance in lesser than $25. Usually, they can not trade unless they have deposited back again. But this broker has an option to either invest the leftover amount or deposit back money again. This is one of the best features ever provided by any of the brokers in the market. To avail this broker, click here to grab your account with this broker.
Minimum Deposit and Withdrawal
The minimum deposit amount required is $250. However, it is up to the trader on how much they want to add to their account which according to the level of the account they want to setup. The methods offered to add funds to the account include credit cards, wire transfer, and e-wallet options.
The withdrawal takes around 3-5 business days roughly. And the minimum withdrawal amount is $100. The accounts need to comply in order to process the withdrawal faster. The compliance team needs one proof of Identity, one proof of address and a deposit confirmation form.
They have their customer support open 24 hours a day, and 7 days a week at firstname.lastname@example.org. Alternatively, calling lines are also open to UK and Australia at
UK: +44 203 0260 222
AUSTRALIA: +61 288 800 196
They are very prompt in helping their customers and know very well about their needs and importance. They reply to the emails within a single working day since the time it was sent. They also support to promote the live trading webinars which makes it even better for the beginners to trade.
Is it a scam?
After using an account with them for over a month, we did not get many clues to consider them to be a scam. Binary Online is definitely one of the recommended brokers that will play a lot better in your favor. There had been issues of some previously using account holders who had problems with withdrawals, but they have improved a lot this year. You can always give it a try if you are looking for a good broker for yourself. If you are already using this broker, please share your experience in the comments section below.