HY Options Broker Review ¦ Trusted Binary Trading Platform

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Contents

7 Binary Options

Currently, there are more than 400 trading platforms or brokers. This was not the case in 2008 when binary options trading started since there were about 10 trading platforms. The emergence of many brokers has been good since it has created high competition, which is beneficial to investors in terms of more bonuses and high returns.

Binary Options Broker Comparison

When you start trading in binary options, one of the most important decisions is in choosing the right broker. This is a task we have made easy for you since we have looked and tested for the most reliable and best brokers and included them on our binary options broker comparison.

Browse our website with full confidence, we provide most reliable, accurate and up to date info about brokers from all over the world.

Get started with 3 easy steps:

Choose a broker from the list below

Best Binary Options Brokers and Trading Platforms:

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary and digital options are prohibited in EEA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

(*Amount will be credited to account in case of successful investment)

Register a broker account

I personally use six different brokers for trading and recommend all serious traders to open a few accounts to different brokers in order to have a good variety of assets.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Start trading with four easy steps:

Best Binary Options Brokers for 2020

Currently, there is no regulator who can oversee and regulate all binary options and Forex activities across the world. Over the years, there has been a remarkable increase in these trades. This may be attributed to the increased accessibility and advances in technology across the globe. As a result, various regulatory bodies have been formed to regulate binary options and Forex activities.

In most cases, such bodies operate within certain geographical regions and their main task is to monitor the various binary options and binary brokers in such regions in a bid to protect traders and monitor the best practices by such brokers.

Many binary options and Forex brokers have enticing trading platforms in addition to a horde of fabulous attractions for their traders. With this in mind, many traders are wondering whether it is okay to just invest in any binary options or Forex broker. The truth is that not all brokers in the market today are reputable, just like in the online poker market. In the U.S.A, for instance, there are strict regulations that have been imposed for the brokers in the region to be in a position to accept US-based traders.

It is such regulations that make some brokers not to accept traders from certain geographical regions. Rather than go through all the trouble to ascertain the best brokers in the market, we have researched the market comprehensively and are happy to present to your the best binary options and Forex brokers this year.

All the binary options and Forex brokers we have recommended on this page have been tested and approved to be genuine and to deliver up to their promise. We have also gone a step further to group the recommended brokers according to the regions they operate, such as the list for best Indian binary options brokers. As such, you just have to find your preferred broker from the following list, based on your geographical location, after which you just need to sign up and start trading right away.

Residing in the United Kingdom offers traders two main benefits, with regards to binary options and Forex trading. While in the UK, you can trade with virtually any broker, without being affected by any regional restrictions. Again, you can also choose to trade with the brokers who are regulated by Cyprus Securities and Exchange Commission (CySEC) and are registered in Financial Conduct Authority (FCA), the two main regulatory bodies in the UK. The two are also the most predominant licenses when it comes to Binary Options brokers.

As such, it is advisable to choose a broker that is regulated within Europe.While traders from the UK have a freedom to choose any broker that seems appealing to them, including offshore regulated and unregulated brokers, it is highly advisable that you research on your preferred broker before investing your money with them.

Top Brokers for UK Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options trading is incredibly popular with Australian traders, and it seems to be growing in popularity with each month. Binary Options trading is not banned or illegal within Australia, and brokers based in or outside of Australia can offer their services to Australian traders.The increased demand in online binary options, binary options brokers in Australia and Forex trading has led to the formation of a regulatory body in Australia, the Australian Securities and Investments Commission (ASIC).

However, it is not illegal for people to participate in this form of binary options trading in Australia. In this regard, brokers from Australia and other parts of the world can offer their services to people based in Australia. Currently, there are many brokers in the country, some that are offshore and others that are licensed and approved by the ASIC. We have tested and verified all the platforms on our list of brokers to be reputable in Australia.

Top Brokers for Australian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary Options in Canada

Although online trading is allowed in Canada, there is still no overall regulatory body for the entire country. Instead, each of the 10 Canadian provinces has its own online binary options and Forex trading regulatory body. Among the regulatory bodies in the country is the Investment Industry Regulatory Organisation of Canada (IIROC).

Although this body is capable of formulating and enforcing laws in the Canadian trading markets and securities, it cannot do the same when it comes to online trading.We have taken time to review and evaluate each of the brokers offering their services to the Canadians. Canadian binary options brokers As such, the list provided here comprises of the brokers offering convenient banking support and options for online traders in Canada. Just click on the above link, review the various brokers and start trading right away, with your preferred broker.

Top Brokers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

When it comes to binary options and Forex trading, traders in Europe are some of the most fortunate traders across the globe. Among the renowned regulatory bodies in Europe is the Cyprus Securities and Exchange Commission (CySEC). This body enforces a strict regulatory process, which includes Markets in Financial Instruments Directive (MiFID). According to this body, european binary options brokers that are licensed by CySEC can accept online traders from any member state, within the European Economic Area.

Additionally, CySEC happens to be the main regulatory body for binary options traders.Traders in Europe also have the option of trading with offshore binary options and Forex brokers. This leaves European traders with a multitude of options, with regards to both online and offline binary options and Forex trading. However, you still need to research on any given broker before trading with them.

In this regard, we have extensively studied all the available brokers for European states and have provided a list of the best binary options and Forex brokers in the region. Just go through the list, select your preferred broker, sign up and start trading right away.

Top Brokers for European Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

If you are living in India, you’ll be able to trade absolutely any type of Binary Options and work with any of our top rated brokers. Having such a wide choice is truly a blessing, but can also become overwhelming when you have to choose a broker that will be the best and most profitable for you.

What are the criteria you should look into? The main body to regulate binary brokers in India is Securities and Exchange Board of India. However, since most top-performing brokers are focused on European and North-American markets, it is difficult to find a good broker licensed by this authority.

Most of traders from India choose brokers licensed in the European Union member country – Cyprus. The CySEC (Cyprus Securities and Exchange Commission) gives licenses to most of our recommended brokers that traders from India tend to use. One of the major issues for the traders from India is usually the high minimum deposit requirement for most of the brokers. The majority of our best brokers have a minimum deposit of $250. However, if you search carefully, you can find those that bring equally high results with a lower minimum deposit such as TopOption or Tradesolid.

Best Brokers for Indian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers in Dubai, UAE

The Dubai market has an enormous potential for all binary options traders. Funded in 2000, it has 57 companies listed with a majority based in UAE. Dubai Financial Services Authority (DFSA) is the institution responsible for monitoring The Dubai International Financial Center, and the rest of the UAE is regulated by various authorities.

They are Ministry of Economy Planning, The Central Bank of the UAE and the Emirates Securities and Commodities Authority, to name the most important ones.There are various benefits that make binary options brokers from this region attractive to choose over others. Firstly, UAE market has experienced some major fluctuations over the past year. This, contrary to what some believe, is a huge plus for risky players. The market is perfect for experienced traders who are ready to take advantage of this extraordinary market.

Many experts recommend getting into binary options trading here while the conditions are still favorable and there is a big chance to profit on a larger scale. Secondly, there is an opportunity to trade during the weekends. While all other are open Monday through Friday, The Dubai Security Exchange is working Sunday through Thursday. This is a lot more convenient for those of us who prefer to trade in our free time.

Dubai is expanding very fast, both as a city and as a new attractive financial market. Many experienced traders have already taken their chance and started benefiting from this fast-growing economy with binary options trading.

Top Brokers for Customers from the United Arab Emirates:

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Trading in South Africa

Currently, binary options trading is extremely popular in South Africa. It became so just a few years ago, and before that there were no particular regulations for binary options brokers in this country. Nowadays, the Financial Services Board (FSB) is a government agency that is responsible for regulating financial market in South Africa and binary options brokers here.

Particularly, the FSB special task force called The Financial Advisory and Intermediary Services Agency is responsible for assuring quality binary options trading in the region.When looking for a top-performing broker, keep in mind that it is important to pay attention to the its regulation.

However, no matter what is the country of origin the broker, it should be able to suit your need and bring you benefits. That is why, traders can also consider brokers with proven results that are regulated by European authorities. There are various brokers that we can recommend in this region that have proven results and have been recommended by many traders that benefited from them.

Top Brokers for South African Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers in New Zealand

Although New Zealand is a small country, its size has no impact on the level of interest and quality of binary options trading in this region. Traders from this country are becoming increasingly interested in the opportunities binary trading has to offer. However, before choosing a broker and starting to trade, it is important to educate yourself on what to look out for in the process.

This is particularly true in this region, since binary options are just becoming known and there is a lot of tricky moments to consider.First of all, of course, that’s regulations. In this aspect, New Zealand is ahead of many other countries that still remain without regulatory bodies to help traders navigating the market.

This country assures the quality of trading by The Financial Markets Authority (FMA), a state regulatory authority that oversees binary options trading and other financial operations in the country. There are standards that brokers must keep in order to obtain and keep their license. For instance, the company must be able to function effectively and fulfill the licensing conditions imposed by FMA. The regulatory body evaluates brokers constantly to make sure it doesn’t impose threats to the state funds or its customers.

Since binary options trading is relatively new in New Zealand, traders often have limited choice of broker. On the other hand, if you wish to keep your funds in the country, you can always be sure of the licensed brokers. For those traders who are willing to trade with brokers from abroad, there are also excellent choices of top-performing brokers licensed in the UK or the EU.

Best Brokers for Kiwis

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

To become a successful binary option trader, you first need to carefully evaluate your opportunities and threats. That also includes choosing a licensed and promising broker. In the Philippines the regulatory body that is responsible for evaluating these companies is called Securities and Exchange Commission (SEC) of the Philippines. It assures that all the trading activities happening in the region are legal and in the best interests of the country and its citizens.

While there are very few brokers based in the country itself, the traders from the Philippines can also expand their search for licensed brokers that will suit their needs licensed by foreign regulatory bodies, such as Financial Conduct Authority (FCA) in the UK or CySEC (Cyprus Securities and Exchange Commission) in Cyprus. These brokers have earned excellent reputation all around the world and proved to be worthy of their reviews. Fortunately, they all accept the traders from the Philippines. Because of this, binary options trading is becoming a popular and exciting part of the life in the region.

Best Brokers for Customers from the Philippines

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Option Brokers in Malaysia

In Malaysia, binary options trading is extremely popular. There are currently two Malaysian Government organizations that are regulated and licensed binary options brokers. These are the Bank Negara Malaysia and the Securities Commission of Malaysia. After an extensive search for any regulated binary options brokers in Malaysia, we could not find one as of this writing.This is due to the fact that at this time the primary focus of the binary options market is based in Australia and Europe. However, this has not stopped Malaysian residents from taking part in binary options trading with CySEC & ASIC regulated brokers as well as unregulated brokers.

Best Brokers for Malaysian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers Russia: Rules and Regulations

In the world of binary options trading, Russia is starting to get the reputation as a force with which to be reckoned. However, there have recently been some new developments due to recent economic sanctions which have been placed on Russia by the European Union and the US. We will then discuss the overall role of binary options in Russia as well how, if at all, the sanctions have affected the market.It is not illegal per the Russian government to trade binary options so therefore Russian citizen are permitted to do so. Traders in Russia have two options for binary options brokers and they are as follows:

  1. They are able to trade with local binary options brokers
  2. They are able to trade with offshore brokers that are regulated in other nations.

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Status of Binary Options Trading in Russia

In Russia, binary options trading is viewed as a serious means of investment. However, as of this time, there are no official binary regulations in Russia. A great many of wealthy Russian residents opt to invest offshore and they make no exception when it comes to binary options trading. The issue that arises in this situation is that offshore investments are out of reach for the Russian government regulations and tax laws.

The recent increase in capital export from Russia is a clear indicator that the majority of those who trade binary options would rather offset their investments to offshore binary options brokers than deal with the few companies that trade binary options in Russia.

A great deal of the binary options brokers that originated in Russia are noticing this trend toward offshore investments and are now looking to be registered or relocated elsewhere. Cyprus is always a preferred location due to their low-tax and investment friendly persona that is present in this country.

Case in point: Dragon Options, a Russian binary options broker, is licensed via CySEC (Cyprus Securities and Exchange Commission) there is currently an estimated $31 billion in Russian funds in bank accounts in Cyprus. Therefore, you can certainly ascertain that a lot of these funds include investments in binary options.

There also exist some limitations to the amount of money that foreign clients who want to invest in binary options in Russia can send in foreign currency deposits. Presently, bank transfers from certain foreign banks and/or countries are considered illegal either under Russian law, or by the dictates of the economic sanctions.

Also, there are limitations as to the amount of money that foreign clients who wish to trade with binary options are able to send via foreign currency. Currently, transfers from certain banks are considered illegal from certain foreign countries and banking institutions under Russian law, and economic sanctions.

The current status of binary options trading in Russia is as follows:

  1. Binary options trading is legal in Russia
  2. Binary options brokers in Russia are not regulated.
  3. CySEC regulated brokers appear to be the preferred method of trading for those who currently trade binary options in Russia.
  4. Any binary options trading that take place in companies based in Russia are subject to taxation.
  5. Sanctions are currently a threat to binary options trading and investments of Russian citizens.

Implications for Binary Options Traders in Russia

A primary reason for concern for those who trade binary options in Russia is the effect that the sanctions have on their investments. A great number of sanctions have been placed on Russian business and this has had an effect on business when it comes to financial dealing with Western banks. As well it has restricted access to many foreign markets.

For example, it is now going to be quite challenging for Russian citizen to participate in binary options trading with those American-based corporations that provide services for overseas clients including Cantor Exchange. It is going to be just as difficult for Russian residents to trade with core EU binary options trading platforms. Those brokers located in Cyprus are lucky isolated from this situation; however, there is no guarantee that this will be the case in the future.

As part of the bailout to redeem the government in Cyprus from bankruptcy in 2020, the Laiki Bank, which was the second biggest financial institution in Cyprus, was closed. Those with accounts containing greater than 100,000 Euros were shut down and their funds were expropriated by the government in Cyprus. Any outstanding debts were transferred to the Bank of Cyprus, which then exploited a very large portion of those aforementioned accounts as well as those accounts containing over 1 million Euros. Most of those accounts were owned by Russian investors.

The options are as follows:

  1. Those accounts are on hold with locally based binary options brokers thus subjecting those holders to the tax dragnet.
  2. Maintaining the status quo with those trading accounts with offshore brokers, which contain the risk of more sanctions.

Due to these crippling sanctions, and falling oil prices, the Russian government is in grave danger of a major crisis. At some point, there will be a need to increase taxation or at least broaden it as much as possible with will be primary focus on binary options trading investments.

Thus as a result, binary options investors in Russia are also faced with the situation that their currency is rapidly depreciation as it is directly affected by the sanctions. In these situations, there is a tendency to rush to switch the local currency for a more stable foreign one such as the US dollar. The government will thus respond by setting strict limitations as to how much foreign currency a Russian resident is able to purchase or have in their bank accounts. This is indeed a dire and sticky situation for all those involved.

The Future of Binary Options Regulation in Russia

Heading into the future, binary options traders will have to make a great deal of tough decisions. The decrease in the Rouble means that Russian traders will now have to pay higher rates to set up an account with an offshore broker. These trades will also have to be done with caution as the selection of brokers is now a cause for detailed considerations.

There was already an increased frenzy for Euros and US in Russia in November of 2020 as many Russian citizens were in a rush to secure funds. It may be beneficial for those in Russia who wish to trade binary options to consider brokers in those areas without the stamina of the US or EU due to the sanctions. If they do so, there is a far better chance that their investment will be a lot more secure.

Tips for Comparing and Choosing a Binary Options Trading Broker

The world of trading offers many exciting opportunities and they can be best enjoyed with the guidance of a binary options broker. Choosing a broker that works best for your trading needs can be a daunting and frightening experience but it’s a necessary one for certain. The brokers can help them perform better when trading and instruct them on getting the best return on their investment.

There are several binary options brokers out there who are eager to assist you as a client. However, it is important to remember that choosing a binary options broker can be a detailed process and it’s important to find one that is capable of performing all of the necessary trading tasks. Below are some helpful tips to simplify the process and assist with finding the best broker for your trading needs.

1. Deposit bonus – how much bonus you get on your first deposit and redeposit.

2. Payout – Binary options trading produces varied payouts. Some brokers present variable options that allow them to exit the options prior to the expiration date. Sometimes brokers (for example 24Option) allow payouts as great as ninety one percent per trade. The goal for most people in trading is to make money and with a great binary broker, they can succeed. In addition, look for the following benefits:

  • Various Payment Options
  • High Bonuses
  • Outstanding Customer Support

3. Deposit and withdrawal options – the trading platforms have different ways of depositing and withdrawing money. Check the one that is suitable for you.

4. Types of stock options and warrants closing times

5. Minimum deposit – trading platforms require different amounts of minimum deposit for you to start trading. Look for the one that is suitable for you.

6. Trading tools – some trading platforms may have trading signals and automatic trading while some do not have. Choose the platform depending on the trading tools that you prefer.

7. Demo account – various trading platforms cater for its binary options traders, especially the first time investors by providing them with a demo account. This helps to create experience in trading before ones does the actual trading.

8. Customer service – find out if the trading platform has good customer service to cater for all your enquiries concerning binary option trading.

9. Simple User Interface – This is a dependable and professionally structured trading program that offers a simple user interface. This helps to conserve time and effort for the user. The majority of the programs are web based and should be and is recognized as a simple program with interactive controls.

10. Multiple Asset Investing – One of the major benefits of professional trading software is that is doesn’t restrict investing. Dependable binary options brokers should provide a means for investors to make multiple investments in various assets such as forex, commodities and stocks. This increases the profit margin for the investor.

11. Expiry Dates Info – Dependable brokers offer expiry dates on a weekly frequency, while offering some daily or hourly options as well. The maximum trade control is obtained only when maximum expiry details exists.

12. Payout of Maximum Percentage – Dependable brokers offer their clients maximum payout percentage. Search for trade option platforms that present between 75 to 91 percent payout and even the unsuccessful trades will generate about a 5 to 10 percent return to investors.

13. Multiple Languages – Global trading options makes it extremely beneficial to have multiple languages and therefore, the platforms are being presented to support the language spectrum as well.

Despite the trading platforms having a lot in common, their way of trading may differ in terms of bonuses, initial deposit, the maximum payout, their means of depositing and withdrawing money, time of trading and their customer service. You may also find trading platforms, which give back to the trader a certain percentage of their investment if they do not win the returns. Therefore, it is important to find out information about the trading platforms before deciding on the ones to use. Using a binary option robot is often also profitable.

Basics of Binary Option Trading

What Types of Assets Are Available?

Binary trading offers a wide variety of trading options including commodities, currency pairs, indices and stocks. With all of these options, you are not limited to one type of trading asset only, opening you to an exciting world of trading. You now have the ability to trade Apple stock, foreign currencies, gold or silver from the same trading platform. You have the option to trade internationally without having to go back and forth between various brokers.

The good thing is that many of these top brokers allow traders to utilize their trading platforms without any issues and offer a wide array of indices and stocks from both Asia and Europe. All of your trades can be basically done on the same site without having to switch between multiple screens and systems. Binary options brokers are essentially a one-stop site for all of your trading needs.

How Long Is the Average Trade?

When trading binary options, you need to keep in mind that every trade has a strict time frame that you need to adhere. They vary in length from 60 seconds or longer. You get to choose which time frame best fits your lifestyle. If you aren’t a fan of waiting around for productive trades, you can opt for 5 minute or even 60 seconds trading. If you have more patience, there are 60 minute trades or longer trading options available as well.

One of the important things to remember regarding expiry times is that they are able to be changed only until you have made a commitment to that particular trade. Once you have authorized a specific trade, you simply sit back and wait until it is completed. This differs from other types of financial trading in which you can sell your accumulated shares at any time. There are brokers that will let you sell your trade for a minimal refund. However this is a rare situation for those who are more experience at trading binary options.

Most Common Types of Binary Options

In binary options, there are three main kinds of trades.

  1. The first is called the “call/put” option. In this type of trade, you simply need to predict whether the price of a particular asset will rise or fall by the expiry time.
  2. “One-touch trades” are when you are issued a target price from the start of a trade. If your chosen asset reaches that set price during the expiry time, you will profit. This set price is determined by your specific broker well before you execute the trade so you will have time to do your research and prepare in advance.
  3. The final of these three common trades is called the “boundary trade”. The broker will issue a variety of prices and you must determine if the price of the asset will remain in the given range or fall outside of the targeted range.

Each of these trades offers a few variations and some of the more exotic varieties of each often have substantial payouts as high as even 300% (depending upon your individual broker). An example of this is “one touch trades” that have an uncommon target rate. In order to achieve this type of payout, you need to opt for the option that is hardest to reach, in other words, you would need to predict that yes, and the far off price will in fact be the end result of the trade. These trades produce higher return as they are most often more difficult to achieve the correct result.

Which Binary Option Should I Choose?

It is up to you to ultimately determine which type of asset is best for you. You first need to evaluate your level of experience. Do you have experience with the Forex market and are looking for a new and more profitable way to trade? If this applies to you, you will easily be able to apply your strategies to the binary options market. Or does your expertise come from day trading? Are you looking to rid yourself of some of the risk involved in day trading? Then binary options can certainly benefit you as you have the ability to focus on those assets with which you are most familiar.

However, the factor that should ultimately drive your chose of trade is your personal trading goals. You should first determine your specific goals and then devise a plan to these goals. Say you want to make about a thousand dollars a week, then you need to decide which options will essentially help you reach this goal as well as which time frames will help achieve this set goal.

The answers to these questions vary for each trader. However, you should always go for quality trades, rather than quantity. Six successful daily trades will yield a higher routine than five losing and seven winning trades. Take the time to consider your options and the possible outcomes before placing your trades to end up with more profitable results.

Broker Reviews

We have included here shorter reviews of the best brokers in the market right now. Full reviews can be found on their own review pages that you can access from the full broker list at the top of this page.

Banc De Binary Review

UPDATE (12.01.2020):

We have found out that Banc de Binary is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finpari

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

As it was founded in 2008, Banc de Binary is one of the oldest binary options brokers in existence. It is controlled by Banc De Binary Ltd and is regulated by the Exchange Commission and Cyprus Securities and Exchange Commission since July 1, 2020 under license # license number 188/13.

Their physical address is 4, Profiti Ilia Street Kanika International Business Centre – Office 401 Germasogeia CY-4046 Limassol, Cyprus. Under # 596375, they are also registered with the Financial Conduct Authority and are governed by other such regulatory bodies from various countries.

We must inform our readers to avoid any confusion that there are two different websites for Banc de Binary. Bancdebinary.com is under the authority of Ash Ltd and it’s affiliate, under domain #204033843. Address: Sofia 1463, Sofia District, Bulgaria. Their trading address of Ash Ltd: UL. Stoney Ground, P. O. Box 1823, VC- 100 Kingstown, St. Vincent, Grenadyny.

If you are outside of the European Union, Ash Ltd. operates this website. Their services are not available for USA, Canada, Australia and New Zealand residents. However, Eu.bancdebinary.com is owned and operated by Banc De Binary Ltd. Which site you will lend one depends on where you are located. The details are the same including licensing information, business address and so forth.

Is Banc de Binary a Scam?

Banc de Binary EU has recently gained recognition by the FCA while other brands have achieved regulation with CySEC. This is a step towards regulation in European subsidiaries. However, we learned from a respected Financial B2B website, that banc de binary is having problem with the US authorities.

The issue between the US and Banc de Binary has since been resolved and is now in the past. Banc de Binary is now regulated and has partnered with the Liverpool Football Club. However the amounts of complaints are overwhelming and cannot be ignored. The majority of complaints are centered on loss of money and their aggressive sales tactics. This therefore makes having a direct answer to “Is this a scam?” rather challenging. It all depends on whom you ask.

Officials like FCA and CySEC seem to have no issues with Banc de Binary, as well as the Liverpool Football Club. As we stated previously, the issues with the US are now in the past. So the short answer is that Banc de Binary is not a scam – it is of the most reliable brokers in the business.

Did You Know?

The Banc de Binary website does provide a lot more information about binary options trading than most other brokers. In my opinion, having this complex educational material handy is a plus. Keeping in mind that when I say “complex” I am stating that this is in comparison to the majority of other mainstream brokers, not educational and informative sites such as ours!

Is it Worth It to Open Account with Banc de Binary?

My first impression of the Banc de Binary website is that it is quite organized and easy to use; not too much information squeezed together on one page.

Upon pursuing their platform, powered by Spot Option, I discovered it was very user-friendly with a wide variety of features for experienced traders and newbie alike. You don’t have to download any software as everything can easily be accessed online. This is one of the benefits of a Spot Option powered trading system. The Banc de Binary platform features 60 Seconds trading, One Touch, a functional Option Builder and other features.

Banc De Binary Trading Platform

Their returns average between 70 and 91% for “In the Money Options.” However, I noticed that the 91% return is few and far between. However, this is good for sales and marketing the platform. The average appears to be a steady 72%, which is the norm for binary options trading.

Banc de Binary does offer different account types, meaning you will acquire more benefits as you deposit higher funds. The lower-end account is the “Bronze” account. The initial deposit is 250 EUR. The next level is the “Silver” account which requires a minimum deposit of 2,500 EUR and finally the Gold account in which the minimum deposit is 5,000 EUR. At one time Banc de Binary did offer a VIP account which had excellent benefits but honestly, I have noticed that most other brokers offer those same features with standard accounts with a lesser deposit.

Once your deposit exceeds $100,000 you will be treated like royalty. You will be assigned a personal assistant to book your appointment, place your calls, place orders for online gifts and promotions and so forth. They will also assist you if you need access to a specific guest list or even tickets to an event that are sold out. It seems very glamorous, but honestly, if we want to keep it real, not everyone really has $100,000 to invest in binary options trading.

This being said, my honest opinion is that Banc de Binary is basing their clientele on the high rollers as the benefits they offer to “regular” traders aren’t all that appealing. If you are able to invest upwards of tens or even hundreds of thousands of dollars trading binary options, then Banc de Binary is an excellent outlet. However, if you are the average trader, I would look for another platform which is more suited to your personal needs and finances, such as Option Robot or IQ Option.

The VIP account is called the “Lion Premium” account, on which eligibility is a deposit of at least 10,000 Euro They do not provide the benefits on the website and quite understandably, I did not invest this sum so I cannot offer you any insights as to the level of services provided with this account.

Banc De Binary Complaints

We are constantly on the lookout for scam or fraud alerts, and complaints regarding binary options trading platforms, brokers and auto bots by performing a simple internet search such as one you could easily do on your laptop.

We did not find many complaints during our search for Banc de Binary. The best advice we can offer our readers is to use caution when selecting a binary options trading broker and only trade with trustworthy brokers from 7 Binary Options.

Banc De Binary Bonus

Banc de Binary has changed the structure of their bonus so that now it is completely under the discretion of the Account Executive. Bonuses are still offered as high as 100% but I was unable to locate the exact turnover guidelines anywhere on their website meaning we do not know the amount you need to trade before you are able to make a withdrawal.

As you may be aware, we are of the opinion that large bonus create more issues than actual benefits. The main reason is that you are unable to receive the bonus until you reach the specified turnover amount. This of course means the higher the bonus the more the trading volume necessary to be able to make a withdrawal. A plus side to this is that traders are not required to accept the bonus.

The 100% bonus is at this time only offered to those who have a Gold account or higher.

Banc De Binary Withdrawal

The minimum amount you are able to withdraw with Banc de Binary is 100 EUR/GBP/USD. It is usually processed within 5 working days by Banc de Binary but it can take longer depending on the withdrawal method of your choice until you actually see the funds in your account. Banc de Binary does not charge a fee for withdrawals, but your individual bank or other payment service may have their own set fee. You were able to process withdrawals via wire transfer, Skrill (MoneyBookers) and Debit and Credit Cards at this time.

The average time for withdrawals is 7 business days. This can take additional time depending on your method which is normally 2-7 business days for bank wire, 2 to 5 business days for credit/debit and Skrill can either be instantaneously or within 24 hours.

Banc De Binary Extras

Banc de Binary offers a Free ZuluTrade feature which is a popular social trading platform on which you can follow professional and successful traders in reference to their Zulu Rank and profit/loss margin.

Screenshot

Banc De Binary Features

User Friendliness:

Banc de Binary offers their website in 10 different languages. This Spot Option 2.0 platform is extremely user friendly except for the fact that a lot of information is sometimes clustered into one spot.

Number of assets and expiry times:

Banc de Binary offers a variety of trading assets including 23 indices, 8 commodities, 25 currency pairs and 97 stocks. Since our last visit, we noticed an increase in these numbers, especially in the number of stocks now offered. All of the standard expiry times apply including One Touch, 60 seconds trading and even an Option Builder which allows the trader to choose their own expiry time.

As of August 2020, there is now a new asset category called “Synthetic” which offers 13 pairs. In this instance you would pit stock vs another stock, indices vs another indices or a commodity vs another commodity and so forth. This is commonly referred to as “Pairs Trading”.

Commissions, Support and Effective Return:

While Banc de Binary doesn’t charge for deposits or withdrawals, there may be some costs that occur with bank transfers or other withdrawal methods. I found their customer support service to very polite and helpful, however, there can be improvement with their response time.

According to Banc de Binary, their return rate can reach as high as 91%, but as I previously mentioned, this is few and far between and I have yet to see an asset that offered this rate. The average seems to be 72% and some assets often reach as high as 82%.

Deposits, Payments and Bonuses:

The minimum required deposit for Banc de Binary is $250 which can be made via Bank Wire, Skrill (MoneyBookers) and Credit/Debit Card. The payments from Banc de Binary to the customer will be applied to the same source from which they originated (i.e.: if you made your deposit via credit card, your withdrawal will be applied to the same credit card).

The bonus structure has recently changed. The 100% bonus is still available but will be determined by your individual Account Executive. The required turnover amount necessary to make a withdrawal is not listed anywhere on the Banc de Binary website so we can ascertain that this is also to be determined by your Account Executive. You have the ability to accept or refuse any of the bonuses offered by Banc de Binary.

Website Extras

In my opinion the educational materials offered on the Banc de Binary website are a bit more complex than I have seen on other trading platforms. They do provide a link to ZuluTrade, a renowned platform for social trading.

Banc de Binary SpotOption platform is now offering the ability to change time frames as well as candlestick charts.

7 Binary Options Rating:

Finpari Review

UPDATE 22.4.2020: Finpari has changed its name to Finrally. They continue their operations normally, so this does not affect their old or new customers in any way.

Finpari is controlled by two companies: Lenora Impex SA which is Seychelles registered and also Norsk Inter LP, Scotland registered. FinPari is not regulated by any governing bodies such as CySEC.

Is Finpari A Scam?

There is no concrete evidence that Finpari is a fraudulent service. At the moment, we haven’t heard any critical complaints of the broker, so we can only assume that Finpari is not a scam.

Editor’s Note

As they are built on the SpotOption platform, it might bode well on their behalf. SpotOption is a reliable platform that does offer a lot of good features. Finpari is based in Seychelles, which means they are willing to accept traders from almost any country, which is more than is allowed as per CySEC regulations. This makes them a prime choice for international traders.

Video: Binary Options Trading with Finpari

It is not unusual for traders to sign with Finpari as many brokers prefer to register in countries such as Seychelles as they are banking friendly and thus can avoid the stricter standards set in place by organisations such as CySEC.

This can often be a warning sign of a fraudulent broker, but we did not find anything to support that this may be the case with Finpari as they appear to be simply another broker out to attract new investors. As previously stated they are a SpotOption broker so this means that they offer a full-line of features.

In addition to basic high/low trading they offer One Touch, Ladder, Spot Follow and Paris. They do not offer CFD or Forex trading, which is a feature that is in fact offered by many other SpotOption based platforms. Their expiry times are good and include 30, 60 and 120Second options.

Their long-term expiry times include end of day, intra-day, tomorrow, next week, end of week, end of the month and so forth up to 6 months which is available on some of the more common assets. The Ladder Options trade similar to over/under options and offer increased payouts and strikes. One touch options include increased payouts up to 600% and are available on weekends. The standard payout on call/put trades average about 80%.

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Finpari Features

User Friendliness:

The FinPari platform is extremely user friendly. I can honestly say this as SpotOption platform is my personal favourite. It has most of the features offered on standard SpotOption platforms and is very easy to navigate. However, I have to deduct a few points as a result of the false information about their regulations and over-the-top marketing on the main page of the website.

Number Of Assets And Expiry:

Finpari does offer a wide list of assets as well as a variety of expiry times and quite a few options for exotic trades. They do not offer range but it is not necessary with the Ladders. However, this is not outstanding reason to sign with FinPari as you can find these features elsewhere.

Commissions, Support and Effective Returns:

This broker does not require any commission, but they do have a withdrawal fee for wire transfers. Their support is decent but rather pushy when it comes to sales pressure, so keep this in mind. Their educational section is so-so, not a lot to offer, but the videos are pretty food. The effect return on Finpari is on par with the SpotOption standard, which is up to 600% and higher for One Touch and Ladder, 85% on call/put and somewhat lover for short/term 60seconds trading.

Deposit, Payment And Bonus:

The required minimum deposit is the standard with binary options brokers: $250 and can be made via debit/credit card, eWallet or wire transfer. I always recommend using eWallet whenever it is feasible. Finpari does accept Neteller, Skrill and others as well. Payments are made to the same account on which they were deposited; however, there is no limit for credit cards.

Bonuses are offered in the form of one-time only deposit bonuses up to 100% or risk free trading. The terms are a bit misleading. In one section it says turnover deposit is only 300% (3X), yet in another it says up to 20X. Regardless of bonus, every deposit must be turned over at least one time in order to make a withdrawal.

Broker Extras:

SpotOption goes above and beyond when it comes to extras as opposed to the average hum-drum trading platform. This includes Ladder options which offer a great deal of flexibility as well as increased payouts. They also offer Spot Follow, which is similar to iFollow which is essentially the copy trading platform that is offered by SpotOption and supported by ZuluTrade Technology.

7 Binary Options Rating:

24Option Review

24Option, founded in 2009, is a true binary options pioneer. 24Option is owned by Rodeler Ltd. Rodeler Ltd is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. Founded in 2009, they are operated under Rodeler LD, which is regulated under CYSEC (Cyprus Securities Exchange Commission) and their license information is license number 207/13. As well they are registered with BaFin in Germany as well as the British Financial Conduct Authority (FCA) since 04/12/2020.

Is 24Option a Scam?

24Option was regulated in 2020 with CySec and therefore is not a scam operation in any way, shape or form. Under the authority of CySec, any money that is exchanged with this platform is secure.

The fact that they are a regulated system is the primary reason that 24Option was added to the official list of “non-scam” brokers. However, this does not necessarily that they do not have some issues. Even regulated brokers can have their cons.

Fortunately, these regularity reasons are not the only factor that contributed to 24Option making our list of non-scam systems. They are well-renowned for their user friendly interface and the trading system itself, as well as the overall platform navigation is outstanding.

It is very easy to trade with this system and the live charts provided by 24Option are easily accessed simply by clicking on the underlying asset itself. For those who wish to further examine any underlying asset, they simply have to click on the underlying asset tab to open a small pop up with information from sources such as Yahoo! There is no need to leave the site to do research.

These factors, as well as many others, are one of the reasons that 24Option is one of the best binary options brokers around. They have made great strides toward improvement since they originated such as redesigning the platform itself, increasing the number of underlying assets and keeping up to date with the latest technology and data. They seem to make it their priority to strive to be the best of the best when it comes to binary options trading.

Editor’s Note: Why We Recommend 24Option

While some binary options brokers turn out to be scams, there are many that are legit, but in fact, 24Option is one of the few brokers that are held in high esteem. I can dismiss any suspicion of fraud thanks to their CySec licensing. Their superior customer service and professional and attractive trading platform makes them a popular and respected broker in the world of binary options trading.

The only small drawback of 24Option is that they no longer serve residents of the US due to regulation. This is good news for EU clients, but a bitter disappointment for those who reside in the US. Also, since the company has registered with CySec, their average return has decreased by 2%. However, the licensing itself is a major plus. Despite this, they still have returns as high as 88% per successful trade so this still bodes well for traders.

Do I recommend opening an Account with 24Option?

Since their origin 24Option has strived to greatly improve their already innovative, fully-online based platform. They consistently provide traders with the necessary and easiest tools to assist them with their trading. They also have an outstanding user-interface, as well as other great features. Note that we have stated earlier in this review that their user-interface, site navigation and overall trading experience are superlative.

The main premise behind 24Options trading platform that makes them stand out from other trading platforms is that their underlying assets are arranged from shortest expiry time to the longest (ie: 60 seconds to end of day, except in a few cases). IE: When you highlight the High/Low tab, you will notice the underlying assets are listed according to their expiry times. The shortest are listed first and the latter tend to expire at the end of the trading day.

Of course, traders have the ability to click the same tab and select the stocks or indices tab with the desire to only view specific underlying assets. In each category, there are over 100 available underlying assets and again they are arranged from the shortest to longest expiry times.

Overall, in my opinion these platforms are much easier to use than the others. Once you are familiar with the TechFinancials platform you will discover that it a preferable solution for the majority of investors i.e.: those who perform trades around the clock within just seconds.

In my opinion, the aforementioned investors are the high risk type as opposed to the more conservative traders. Both of these, however, will be well-pleased with the In-the-Money-Return feature, as there lies the possibility of 88% in-the-money as well as closing a trade prior to the expiry time to secure a winning trade or to eliminate any further losses. Out-of the –money trades will result in full capital loss on the specific trade.

88% appears to be the average return for successful trades for underlying assets such as forex pairs and 70% for exotic and minor pairs. Remember, that there is the possibility that a trader can lose their entire investment, as with any financial trading. However, these high return rates are what make 24Option one of the leading brokers in the world of binary options.

The downside of this is that the minimum investment is rather high; the average is $24 for the majority of trading underlying assets. However, unlike other brokers, the minimum investment varies according to the individual underlying assets. This could be a bit discouraging to novice traders.

Fortunately, 24Option does provide a demo account so new traders can practice trading with virtual money before investing live. Another negative for newbie’s is that their minimum deposit is slightly high at $250. I tend to prefer those brokers with lower deposit fees, but with 24Option I feel the slightly higher investment is worth it as they are regulated and licensed so therefore they can be trusted.

24Option has recently partnered with the Juventus Football Club which only adds to their high credibility. They were already a top-notch, highly respectable brokerage, but this partnership is purely an added benefits. So if you’re a fan of both soccer and binary options trading, this is the platform for you. Also, for those who like tennis, 24Option and Boris Becker are currently offering a competition in which you have the chance to win 100 grand in USD.

You should take advantage of this offer now, as it will not be around forever. Keep in mind, as always, that investors do risk the chance of losing their all of their money! Terms and conditions apply

Their outstanding customer service makes 24Option a welcome home for the binary options trader, in addition to the fact that they are licensed with CySEC. 24Option offers traders the option to invest as much as 100 grand USD in a single trade so this proves that they have no issue in paying high returns to their clients. To spice things up, they also over prize money, up to $100,000 for weekly top traders! Terms and conditions apply

24Option Broker Complaints

Let 7 Binary Options do the research so you don’t have to! I constantly search the internet for broker complaints to bring the results directly to our loyal readers. As unbelievable as it may seem, we could not find even one substantial complaint about this broker in our search.

I did notice an active online discussion concerning 24option in forums, comments sections and Complaint and Review Center. Our team is monitoring and checking these. I personally feel that the negative feedbacks concerning the withdrawal process were not legitimate complaints. These complaints are typical from disgruntled traders and do not always reflect the truth. The sincere complaints were in fact resolved by the company itself so I can honestly say that there are no major complaints concerning 24Option.

24Option Withdrawal

Most sites will give you advice on how to deposit. However, at 7binaryoptions.com, we are not concerned with this issue. Our main focus is that major concern in binary options: the withdrawal process itself. As a rule, for obvious reasons, few brokers cause an issue with deposits, however quite a few brokers have issues when it comes to withdrawing your funds.

A plus with 24Option is that there is no limit to the withdrawal amount, as we often see with other platforms. The average time before you see your funds is three to seven business days. Skrill will have lower fees and also will make the process quicker. Those with VIP accounts do not have to pay a withdrawal fee, which is outstanding. However, you must remember to send proper documentation as specified under regulation before you can request a withdrawal.

24Option Extras

A lot of traders look for the “extras” before they sign with a broker. But here at 7binaryoptions.com, we try to think outside the box. This section will highlight those features that are unique with 24Option and what sets them apart from other brokers.

The “Extras” that we found appealing with 24Option are as follows:

  • Free webinars: learn to trade with the aid of a professional
  • Educational videos including 5-hour videos which are extremely beneficial to those new to trading!
  • Highest Withdrawal Limits: This is a plus of which most traders are not aware. 24Options offers the highest limits available.

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24Option Features

User Friendliness:

As a completely based web-tech platform, there is no need to download any software with 24Option. They have the best looking website we have seen thus far as the gold letters on the black background is both sophisticated and contemporary. Just above each underlying asset, is live information and other chats with just a simple click. Both the Glossary and FAQ sections are current and complete. The website is available in 18 languages including German, Arabic, Spanish, et al.

No. of Assets and Expiry time:

24option offers a total of 103 underlying assets including 30 currencies/forex, 11 commodities, 19 indices and 43 stocks. The variety of underlying assets is wide and the expiry times are outstanding as they allow the traders to choose from as little as 60 seconds to as much as end of the day/week/month.

Commissions, Support and Effective return:

There is no charge for investors for their initial deposit or purchase options. The first withdrawal is free as well. There is a $30 charge for wire transfers for withdrawals. Those with a Gold account get one free withdrawal a month. However, all withdrawals are free for those with Platinum accounts. Customer support is available with a total of 21 international phone numbers including French, Spanish, Italian, English and more. They can also be reached via email.

The Live Chat feature on 24Option was extremely polite and quick to respond. Their effective return rate is amongst the highest in the binary options trading market with an 82% return on most of the major currencies and 70-88% in the money. As always, we need to remind our readers that there is always a risk that you can lose all of your capital as a result of trading binary options as with any other type of financial investing. They do not offer an Out-of-Money refund but they offer the ability to close your position 2 minutes after purchase or up to 5 minutes before the expiry time.

Deposit and Payment:

The minimum deposit with 24Option is average: $250 / €250 /£250 / ¥50,000 or руб 10,000. Deposits can be made with Cash-U, Skrill, credit/debit card, wire transfer, et al. Generally, withdrawals can be made via the same process. There is a minimum of $200 for wire withdrawals. However, there is no minimum withdrawal via Skrill. There are usually up good offers with 24Options and they do occasionally offer amazing promotions and specials for both new and registered clients. Terms and conditions apply

Website Extras:

As one of the most innovative trading platforms, 24Option offers a good number of additional and unique features. The strength of their third party signals varies and provides information as to the most likely direction of the underlying asset. However, the expiry time is determined by the trader.

With the exception of High/low trades, they offer two additional means of trading: including One-Touch option, which lets the trader decide if the underlying asset will hit a certain value before the expiry time, which is most often available on weekends. Secondly, they offer a Boundary Option with 75% return rate via winning trade. Investors should have in mind that can lose all their capital and that trading alerts should not be considered as investment advice. The decision to act on any signals is yours and taken at your own risk.

7 Binary Options Rating:

Option Financial Markets (OFM) – OptionFM Review

UPDATE (12.01.2020):

We have found out that Option.FM is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finpari

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

OptionFM, or OFM, is one of the recent newcomers to embark on binary options brokerage platforms, as it was founded just two years ago, in 2020. However, despite being a newbie in a sea of established brokers, they have managed to recruit some of the most talented financial experts from around the globe.

This means that they have a plethora of financial experience under their belt. Due to this, they have quickly become one of the most trusted and respected brokers worldwide.

In their mission statement, Option Financial Market promises to guide their clients to successful binary options trading by helping them to reach their full trading potential. They can do so thanks to a vast offering of various types of trading accounts that cater to a wide variety of investors, an exceptional and innovative trading platform, excellent and informative educational tools and resources and a wide array of assets. In addition, they maintain close ties with their traders and analysts. OptionFM also supports automated trading.

Option.FM Account Features

OptionFM has recently revamped and upgraded their website which now features a more distinguished trading system and super sleek design; as well as the confidence that their traders are able to invest on a safe and secure trading environment.

One of the main advantages in trading with OFM is that they regularly offer bonuses for their clients based on their account level. These bonuses are a plus as they enable traders to be able to get a head-start in their trading experience. IE: a $250 starting balance with automatically transition to a $500 account with the 100% welcome bonus. Traders are empowered by these bonuses to participate fully in OFM’s list of 200 plus tradable assets in order to earn a more substantial profit.

Per a conversation with OptionFM’s customer service via live chat, the turnover is calculated per the type of bonus. It is recommended that you familiarise yourself with the terms and conditions of said bonus before accepting.

Both new and experienced traders alike are able to find their place in the seven different account types offered by Option Financial Markets. As an added feature, OFM does not charge any commissions or fees for trades, for any account level. This broker easily caters to the various trading preferences and needs of their clients with their wide selection of account options.

Option.FM Account Types – Click Image to View Larger

The following are the different account types offered by Option.FM:

OFM Newbie

  • Starting at €250
  • Geared specifically for those new to binary options trading
  • 200 trading assets available

OFM Start-Up

  • Starting at €2,500+
  • Choice of Trading packages
  • Class A & B trading available
  • Trading manual for use
  • 1 Free Educational Session

OFM Entrepreneur

  • Starting at €5,000+
  • Access to Tiers 1 & 2 OFM Rewards
  • Class A & B trading available
  • Trading manual for use
  • Wide selection of Trading Packages
  • 2 Free Educational Sessions

Limited protected capital

OFM Top Exec

  • Starting at €10,000+
  • Access to Tiers 1, 2 & 3 OFM Reward
  • Class A & B Trading Available
  • Trading manual for use
  • Extensive Selection of Trading Packages
  • 3 Free Educational Sessions
  • Unlimited protected capital

OFM CEO

  • Starting at €25,000
  • Access to Tiers 1,2, 3 & 4 OFM Rewards
  • Class A & B Trading Available
  • Trading manual for Use
  • 4 Free Educational Sessions
  • Exceptional Selection of Trading Packages
  • Unlimited Protected Capital
  • Enhanced return on all investments
  • OFM Financier
  • Starting at €40,000
  • Access to Tiers 1,2, 3, 4 & 5 OFM Rewards
  • Class A & B Trading Available
  • Outstanding selection of Trading Packages
  • Trading Manual for Use
  • 4+ Free Educational Sessions
  • Unlimited protected capital
  • Enhanced return on all investments
  • Suited Trading Portfolio

OFM Mogul

  • Starting at €100,000+
  • Access to Tiers 1,2,3,4,&5 OFM Rewards
  • Class A & B Trading Available
  • Highest Selection of Trading Packages
  • Trading Manual for Use
  • Unlimited free educational sessions
  • Unlimited Protected Capital
  • Enhanced Returns on all investments
  • Suited Trading Portfolio
  • Access to Exclusive Vacation Packages

Option.FM Trading Software

One of the first things that traders will notice after opening an account with Option Financial Markets is that they offer a uniquely diverse selection of well over 200 global assets. Combined with the three trading methods offered on their SpotOption powered platform, traders can easily make informed and profitable trades on both short term and long term positions. OFM does not charge any fees or commission on these individual trades.

When utilising the classic Binary Options trading mode with which the majority of traders are most familiar, it is entirely possible to earn substantially large profits within a short period of time. Traders need only to decide with which asset they wish to trade, their desired expiry time, the direction in which they think they trade will go, and the amount of their investment. This straightforward method of trading is extremely popular as it very easy to maneuver.

The Long Term Trading Mode is ideal for those who envision long-term trading with a certain market area. OFM offers excellent expiry times in this mode that can go as long as nine months from the time one has selected the “Call” or “Put.” The fact that OFM offers both short term and long term trading gives traders ample opportunity to maximise their trading potential and enhance their trading portfolios.

For those who yearn for a bit more excitement, OFM’s 60 Second Trading Mode will get their adrenaline racing. It is similar to the both of the aforementioned modes in that a trader is able to choose the direction of an asset prior to the expiry. However, the previous modes often require traders to wait hours, days or even months before revealing the result of their trade, the 60 Second Mode offers traders expiry times of 30 or 60 seconds as well as other expiry times. This enables the trader to almost immediately receive confirmation as to whether their trades are in or out of the money. It is rare to find a broker that offers returns quicker than this.

Option.FM Support Information

As their stamina as a broker has grown, so has their reputation for enabling success for their clients through superior personal customer support that specially caters to each client’s special needs and desires. Account managers are always a phone call or live chat conversation away. Clients with OFM are guaranteed an overall smooth and reliable trading experience. During the Option Financial Markets Review, FBO made use of the live chat options and received a response to our question within seconds.

Every account package that is offered by Option Financial Markets (OFM) has access to brokerage assistance as well as customer support which is great as this is considered a dual-method of trading support. This allows both traders and visitors alike to directly report any issues to OFM management.

In addition to the email support and live chat that are available around the clock, OFM also lists multiple customer service telephone numbers local to several countries on a global basis including Germany, the United Kingdom, Canada, Australia, France, South American and New Zealand.

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Option.FM Banking and Company Information

As banking is perhaps the most crucial factor as it is the most used feature in binary options trading, it is imperative that there is a decent selection of deposit and withdrawal options available for clients. For deposits, Option Financial Markets offers a variety of choices including credit cards, multiple eWallets and bank wire. Funds are readily available in the trader’s account balance most often within minutes of the deposit, which allows them access immediate trading. Personal information is guaranteed utmost security thanks to communication via SSL technology. Users are always able to contact OFM support at any time if they need assistance with their financial dealings.

As well, the withdrawal process with this platform is both fast and secure. Clients have the ability to request to withdraw their funds at any time. The withdrawal request is then process by OFM’s Compliance Department and may take up to 5 business days to process. There is an additional 2 to 3 days for those funds that are to be tendered to the bank account or credit card that applies for this process. The minimum amount for withdrawal is $100.

OFM must verify every account to ensure that all funds and accounts are properly protected due to Anti Money Laundering laws. Luckily, this is a simple process and all that is required of the traders is that they submit scanned copies of the proper identification documents via email to the Compliance Department.

Overall, this has been an extremely impressive review of Option Financial Markets (OFM) with the overwhelming consensus that they offer an exceptional profitable platform and an extremely secure trading environment.

7 Binary Options Rating:

AnyOption Review

UPDATE (08.01.2020):

We have found out that Anyoption is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finrally

Try also Binary Option Robot if you are looking for automated binary trading.

If you are looking for another example of a powerful and trustworthy binary options trading platform, AnyOption is a good choice. It was founded in 2008 in Cyprus and is a subsidiary company of AnyOption Payment Services Limited. It is a popular binary options broker that has a wide client base using its proprietary trading platform. It is easy to use and offers a number of tools and features that help you get the most from binary options trading.

Binary Options Trading at AnyOption

You have a number of options when placing trades at AnyOption. Which one you should choose depends on your attitude to risk, your trading strategy, and the signal that is generated on a particular asset type.

The options include simple high or low trades; i.e. will the price of the asset be higher or lower than now within a predefined period of time. Other options include one-touch binary options, early closure binary options, and boundary binary options.

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Banking

Registering an account with AnyOption is completely free, and traders from all over the world are welcome, including from the US and Europe. You can’t start trading, however, until you deposit money into your account. A number of deposit options are available, including credit card, debit card, bank transfer, Skrill, and more. The minimum deposit is $200.

Withdrawing money is a simple process that you can trigger at any time. You can also withdraw any amount you wish, as there is no minimum. The first withdrawal you make every month is free. If you want to make further withdrawals within the same calendar month there is a small fee. In the UK that fee is £20 while in the US it is $30.

Available Assets at AnyOption

AnyOption offers a wide range of assets that you can trade on. This includes:

Currency pairs – this includes all the major currencies in the world grouped into comprehensive pairings. The Bitcoin currency is even included, making AnyOption quite unique.
Stocks – a wide range of stocks are offered with major companies in the US, Europe, and Asia. They also come from a wide range of industries.
Indices – all the major indices are represented but you will also find smaller and more niche industries that often make interesting additions to trading strategies.
Commodities – this includes oil as well as all major metals.

Four main binary options are available:

  1. Standard binary
  2. Binary event
  3. Option+
  4. One-touch binary

You will not find all the world’s assets at AnyOption, but no binary options broker offers everything. For example, most traders have no interest in emerging market currencies, so AnyOption doesn’t offer them. What you do get, however, is a diverse and large range of assets and binary options to choose from.

Mobile Compatibility

More and more binary options traders want the flexibility of being able to place and monitor trades using their mobile phone. You can do this with AnyOption. It works on both iPhone and Android devices, offering real-time information providing your phone has an internet connection. You can check prices, monitor your current trades, look at your trading history, and manage your account.

This is just one of the reasons that AnyOption is so popular with binary options traders.

7 Binary Options Rating:

Option Robot In a Nutshell

A broker will not make you money in binary options trading – making money requires a good strategy. That said, having the right auto trading robot makes it exponentially easier to develop and implement your strategy, so binary option robots do have a significant part to play.

This is why it is so important to spend time researching binary options robots to make sure you get one that has all the features and tools you need to take your trading to the next level. This applies not only to those just starting out with binary options trading, but also to traders with a lot of experience who want to get involved in more complex and detailed strategies. Crucial among the features and tools you need are a high win rate and accurate signals. With Option Robot you get both, plus a whole lot more.

As far as binary options robots go, Option Robot is fairly new. You may not have noticed this, as the company has built up a large customer base for such a new operation. They have achieved this early success with their platform because of the level of service they offer. In addition, they have made the platform easy to use and have developed tools that help complete trading novices get a start with binary options. Our review will go into these features and more so you can see what you can expect from Option Robot.

Signals

Signals are a crucial part of successful binary options trading. You can create your own by analyzing charts and market data, but often there is too much going on for you to catch everything. Also, it may not be possible if you have other commitments. Option Robot has this covered, as it creates signals which you can use to place manual trades, or that you can set to trade automatically. You simply define the parameters, and Option Robot does the rest.

The biggest issue with signals in general, however, is accuracy. After all, there is no point getting a signal if it turns out to be wrong and you lose money on the trade. You would have been better off without it. Option Robot’s signals, however, have a good win rate. In fact, sometimes it is as high as 83 percent. As a result, you can trade with confidence even if you don’t have much binary options, investment, or trading experience.

Available Trading Systems

Trading systems are the foundation of any automated binary options trading strategy. They are the core principles that the robot uses to decide how much to stake on each trade. There are many trading systems available, and some traders develop their own. There are three main types, however, and Option Robot supports them all.

  1. Fibonacci system – the Fibonacci system is an advanced trading system that is actually more straightforward to implement than most. It also delivers high levels of accuracy. It uses the famous Fibonacci sequence of numbers to calculate the up and down trends of an asset. From this, the resistance level (price above which the asset is unlikely to go) and support level (price lower than which the asset is unlikely to go) are worked out. This makes it possible to predict which direction an asset’s price is likely to move next.
  2. Martingale system – this is another common system used by both advanced and new traders alike. In the Martingale system, you set an amount that you would like to trade. If that trade loses, the amount invested on the next trade is doubled. This continues until you get a win, at which point the amount you invest on each trade goes back to the original level. Like all systems, it has its risks, particularly if you have a string of losses. The potential rewards, however, are high.
  3. Classic system – if you have a low tolerance for risk, this is the strategy for you. You may make less money, but you should have lower losses over time as well, which often makes it easier to make a profit. The strategy is quite simple – the value of each trade stays exactly the same whether you have lost the previous trade or not.

Option Robot’s Indicators

Indicators are a great way to reduce your level of risk when you automate trading activities. Option Robot gives you a number of indicators to choose from. They include stock, trend, MACD, Williams, RSI, and CCI. Basically, these indicators tell the robot whether to make a trade and in which direction.

Where indicators become really powerful, however, is when you run two or more together. For the robot to place a trade, both indicators must have generated a signal and the signal has to be in the same direction for both. If this doesn’t happen the trade is not placed. It is, therefore, a good way of automatically identifying false positives and signals that don’t have a great chance for success.

Contact and Customer Support

You have a number of options when it comes to finding out information, asking questions, and getting help with Option Robot. The first is to read their blog. It is updated regularly and contains useful information on everything from the features of the platform to winning trading strategies. If you need something more specific, however, the first place you should check is the FAQ section. You might find that other people have had similar questions, and they are answered comprehensively here.

You will have to contact Option Robot’s customer support department if the FAQ section doesn’t provide the information you need. Unfortunately, there is only one way of contacting them – by email. The address is [email protected] Our experience is that they can sometimes be on the slow side to respond, but they always do respond and the information is helpful. As the platform continues to mature we expect additional contact and customer service options might be added.

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Getting Started with Option Robot

You can get up and running with Option Robot in less than five minutes. The process starts by registering an account – you can do that by clicking here. You will have to enter some personal details as part of this process, but there are only a handful of fields to fill in and there is nothing unusual or complicated.

Once you are registered, the next stage is to deposit some money so you can start trading. There are a number of methods you can use to do this, including using your credit card or transferring money from your bank.

You can now set up your automated robot to start placing trades. You can access the settings for the robot by clicking on Auto Trade on your Option Robot dashboard. Here you will select the types of assets that you want to be included in your strategy. You also have to decide on an investment amount per trade, and set expiry times. That all takes just a few minutes, and from that point onwards the automated robot takes over.

One other thing you have to do is select a broker. You can do this manually by trying a broker out to see if they meet your needs, but most people go for the options offered by Option Robot. Those options include many well-known names that are regulated and have professional reputations. Examples include Banc de Binary and GOptions.

Summary

We believe Option Robot is doing a lot of things right so they will continue to increase the number of traders using the platform. One of the reasons for this is the fact that Option Robot is run by people with experience in the binary options and forex industries as traders. As they are traders rather than coders or marketers, they understand what other traders need and they have delivered this with Option Robot.

It is a particularly powerful platform for novice binary options traders. First of all it is free, so new traders with no experience do not have to make any investment. The registration and setup process is easier than most other platforms, and there are a lot of tools that let you set up a winning strategy even if you have minimal experience. In addition, experienced traders benefit from the range of advanced tools and the trading systems that Option Robot offers.

In conclusion, Option Robot is a binary options trading platform that we would recommend.

7 Binary Options Rating:

Automated Binary Short Review

Today we are taking a look at a fairly new piece of software in what is becoming a crowded market. The question is, is Automated Binary the real deal? Will it help traders beat the market by providing reliable, automated results you can confidently stake your capital on? Or is there something of the dark about it?

Because if you’re happy to put someone else’s software in charge of your trades, letting it buy and sell in your name and with your money while you’re otherwise engaged without first learning everything you can about the way it goes about its business, we just might have a bridge we’d like to sell you.

It isn’t, of course, quite as risky as we just suggested because – though it’s true that the software is making trades for you without your involvement (you’re not asked to press the ENTER key to say, “Yes, okay, go for it.”) – it’s you that sets the parameters on when the software decides to buy, sell, or do nothing.

It may not seem that way at first glance, but it’s you that controls it and you that decides on the trading strategy. To put it differently, if you make money in staggering amounts, it’s you who can take the credit. And if you lose, you’ll know who to blame.

What It Is

The central facts about Automated Binary are right in the name:
1. It’s automated. The software collects market data in real time, analyzes it, generates signals, and executes trades on behalf of the trader – you.
2. It’s binary. It’s for use by people who trade in binary options and work with more than one licensed broker.

The purpose of a signal is to alert the trader when trading options become available. Automated Binary allows you to choose between a very wide variety of signals, so you can use whatever you feel comfortable with and understand.

Automated Binary is cloud-based, so you’re not going to be downloading anything to your own computer. A feature we like is that your connection has to be switched on. If you have no live connection, it won’t place any trades for you, which makes it easier for traders to be in control of trades, which matters with this software because…

You’re in Charge

  • It doesn’t matter how central or how peripheral to the system a parameter may be, it’s the trader who sets it. You choose:
    Which assets you’re going to trade (though no binary options trader should ever forget that there is no underlying asset to her or his bet – something regulatory bodies would have as a caveat on every trade);
  • The permitted number of simultaneous trades;
  • How much to bet on each trade; and
  • Which indicators to use.

That may possibly be the highest level of control given by any binary options system. Automatedbinary.com is binary options trading for adults.

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Getting Started

Go to the website, click , and type in the personal details you’re asked for. Don’t try to avoid this in order to trade anonymously; the system doesn’t permit that. Choose a broker – several are offered to you – and open your account with that broker. Make a deposit. Now you can start trading! However, we suggest you don’t until you’ve gotten to know and feel comfortable with the system, which you will do by…

Putting it to The Test

Let’s be clear, here: binary options trading is gambling – informed gambling, but gambling – you’re betting that you know which way a particular index or price is going to move; and you’d better be right more often that you’re not because the percentage of your stake that you “win” when you get it right is always less than the 100% of your stake that you lose when you’re wrong.

So, selecting the signals you’re going to tell the software to follow is a vital part of setup, and we recommend you use the demo option, trying out a variety of signals and limits without risking your own money, until you’re completely at home with the system. You do this by using the $50,000 the system gives you for this purpose.

It isn’t a real $50,000, of course. It’s virtual money and you risk it in virtual trades, learning how the software works and how to use it and then making trades until (or this is the hope) you feel sufficiently secure to start trading for real. Once that happens, you’ll be covering your own losses, but you’ll also be able to draw out your profits, which, of course, isn’t possible with any virtual money you win by getting the trades right.

We recommend that anyone, including seasoned traders, go through some virtual trades before starting to use Automated Binary “live,” because every system has idiosyncrasies that you don’t know about till you fall over them.

We also recommend that anyone who loses the whole of the virtual $50,000 should forget about binary options trading. This software is so good when compared with a number of offerings that if you can’t make it work, you probably shouldn’t be trading.

How Automated Binary Generates Signals

These are the market indicators that Automated Binary uses to generate signals:

  1. Stochastic Oscillator
  2. MACD
  3. RSI (Relative Strength Index)
  4. Trend Indicator
  5. Williams Indicator
  6. CCI

A software review is not the place to explain how these market indicators work. We assume that if you’re thinking of using an automated trading program of this sort, you understand them and that, if you don’t, you’ll carry out your own research before starting to use them to initiate trades. You can use indicators separately and in a vacuum, or you can combine two or more of them. Automated Binary will understand what you are trying to achieve and will produce trading signals accordingly. We recommend that approach because no indicator is entirely satisfactory on its own. The most dependable and profitable trading will come from combining most of the indicators or all of them.

How Automated Binary Conducts Trades

Automated Binary conducts trades the way you, the trader, tell it to – as long as you tell it to use one of these three methods:

  • The Classic method
  • The Martingale, or Compound, method
  • The Fibonacci method

It’s your choice, but it isn’t a once-for-all election – you can change it whenever you like.

The Classic method will be preferred by most neophytes since it minimizes risk. It also minimizes profits though, so experienced traders may want to move on to the Martingale. The reason it is also known as the Compound method is that it doubles up after each loss until there’s a win. You can make the most money that way, but the price you pay for that prospect is that you can also lose most, especially if you run out of money before the losing trend has turned around – something every binary options trader should be aware of. Finally, there’s the Fibonacci method for those who believe that patterns are reiterative and that what a market did in the past, that market will do again.

Our Verdict

No one involved with binary options trading can be unaware of the number of scams around. Is Automated Binary one? We don’t believe it is.

Part of our confidence in the software comes from the well-regarded and prestigious brokers who have signed up to provide services to Automated Binary users. We don’t believe they would have done so unless they had investigated the company and found it to be reputable.

We’d feel even happier if the website had a physical address and the names of the people involved. These are important indicators of a website’s bona fides, and they’re not present.

That being said, and subject always to the proviso that binary options trading is risky and you can lose everything you have (and a lot that you don’t have), we regard the system as offering some excellent trading options for those who understand what trading is about.

While there may be no addresses and executives’ names, there is also a welcome lack of those ridiculous claims of the huge sums to be won while ignoring the equally huge sums to be lost or that show the faces of people you don’t for one moment believe it says were penniless and are now driving Lamborghinis in Monte Carlo.

Our overall conclusion is that it’s probably an above average bet for binary options traders.

7 Binary Options Rating:

Binary Options Robot Short Review

The binary options broker that you choose is critical to the success of your trading efforts. That broker determines whether you use a platform that is simple and intuitive, or one that is complicated and challenging.

They also have a financial responsibility as they hold your money and process your deposits and withdrawals. In addition, good brokers provide signals that you can then use to place profitable trades. When you take all these things into account, one of the best brokers available on the market today is Binary Options Robot.

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Eight Reasons Why You Should Choose Binary Options Robot:

  1. Profit potential – like almost every other trader in the world, your involvement in binary options trading is to make money. That means you need a robot that is good at delivering high rates of return. If they can do that while keeping your investment levels low, all the better. Binary Options Robot meets these criteria as it has rates of return that are as high as 83 percent. In fact, that is one of the best rates of return in the industry and you will be hard pressed to find a broker that offers more.
  2. Platform functionality – Binary Options Robot offers a trading platform that is attractive, uncluttered, and easy to use. In fact, even novices will find it easy to get started. All the information and tools that you need to make money in binary options trading are available. In addition, you will get signals that are among the best in the industry. The signals are created by complex algorithms that work alongside professional traders. This combination of mathematical computational power and human experience is what gives Binary Options Robot a win rate of over 80 percent. So you can expect that up to eight out of 10 trades you make will generate a profit – that is the foundation of a successful strategy.
  3. Available assetsthe more assets that a binary options broker offers, the more opportunities you will have to make money. This particularly applies if all or part of the signal generating and trading process is automated. After all, an asset could generate an accurate signal but you will never know about it and you won’t be able to place a trade on it if your trading platform doesn’t offer it. This is why Binary Options Robot offers as many assets as possible to its traders. You will be able to find assets you are familiar with and prefer to trade on, plus there are others that you can use to expand your trading strategy.
  4. Web-basedyou don’t have to download anything in order to use Binary Options Robot. This is because it is a web-based system that you access from your web browser. This offers a number of benefits. Firstly, nobody likes installing more software on their computer than absolutely necessary. Secondly, managing installed software is a headache, particularly when you have to update it. Neither of these things is an issue with web-based software. Every time you access Binary Options Robot, therefore, you can be sure you are using the latest and most secure version of the platform.
  5. Support – Binary Options Robot is used by traders all over the world, so customer support is available round the clock. The customer service team is knowledgeable, friendly, and approachable, plus they work hard to resolve every query as quickly and efficiently as possible. They are also responsive, so you won’t have to wait long to hear back from them. You can normally contact the team via a method of communication of your choice, including live chat, email, and phone.
  6. Bonuses – some binary options brokers offer the world when it comes to bonuses, but they unfortunately rarely deliver. This is not the case with Binary Options Robot. The company offers generous bonuses and, in our experience, it always delivers on its promises. Of course, there are terms and conditions attached to any bonus – you would not expect anything else from a professional trading platform. However, the bonuses are real and substantial. They include a welcome bonus as well as ongoing bonuses that will help keep your balance healthy so you can continue to trade.
  7. Works on any device – the internet has moved away from desktop-only services, and the binary options trading industry is no different. This is driven by consumer choice – consumers want to use their mobile phones as well as their tablets, desktops, and laptops. Any modern and forward-thinking binary options trading platform has to cater to all these users. Binary Options Robot does this better than most, as all its features and tools work just as well on mobile as they do on a computer. All you need to make it work is internet access.
  8. Tools – Binary Options Robot offers you a number of tools that will help you make maximum profits and get better as a trader. This includes training materials, how-to guides, and other educational tools for binary options trading. Examples include video tutorials, trading charts, eBooks, manuals, and webinars. You also get a number of tools that you can use while actively trading and researching assets. This includes detailed asset information, price data, and easy-to-read charts.

These eight points only skim the surface of the potential and power of Binary Options Robot. It is an honest platform, and it is set up to make it as easy as possible to create and implement a successful binary options trading strategy. It is a one stop shop, and it is not surprising that so many people select it as their trading platform of choice.

7 Binary Options Rating:

Short Casumo Review for Online Casino Fans

Some people have decided that they like online casinos more binary options trading, and I understand why: sometimes it’s not easy to find the edge in trading, and many people trade just for fun or excitement, so then the difference between playing at online casinos and trading binary options is not very big anymore.

Being big online casino fans ourselves, we at 7binaryoptions.com have thought about making recommendations also regarding online casinos, and it’s easy to recommend Casumo Casino, Mr Green Casino and Rizk Casino as the three best online casinos for new players. They have very good first deposit bonuses and awesome free spins offers as well, not to forget good live dealer games.

These best casinos have also excellent game variety and overall quality, not to forget the safety and reliability, so you can’t really go wrong with these online casinos.

HY Markets Forex Broker Review

A well known Forex broker, HY Markets is registered with the FCA and is a part of the large Henyep Group. Benefiting from over 30 years of experience within the financial services sector, HY Markets operate from a London base and ensure that they provide the most secure and reliable Forex trading experience within the boundaries of strict regulation.

Which Trading Platforms are Offerеd by HY Markets?

There are several trading platforms offered by HY Markets and each suits the needs of a different type of investor, whether they have prior experience or not. Some platforms require software downloads, but others are available to be accessed while on the go through mobile devices and are perfect for traders on the move.
All of HY Markets’ trading platforms offer helpful analytical and charting tools which are essential for improving the trading experience overall. They also all have user friendly interfaces, with financial transactions being guaranteed to be safe and secure thanks to the advanced encryption system being employed.

Review Overview

Bonus – 47%
Software – 80%
Customer Support – 72%
Assets Choice – 65%
Regulation – 100%

Summary : Very reliable and trusted broker

What are the Different Account Types Available?

HY Markets offer four account types, each suited to the need of a different type of investor. Experts will appreciate the high level HY Pro Trader account which has its own spread and leverage and requires a minimum deposit of more than $5000. The Premium Account necessitates and deposit of $2500 or over while Standard accounts are able to be accessed by depositing a sum of 4750 or more. Novices can opt for the HY Markets Mini account, which only requires a small deposit of $50. Those who wish to try out the platform without commitment can access the broker’s demo account.

Important Information About HY Markets

HY Markets will never charge any commission or fee for any financial transaction and traders will experience no hidden costs.
The spreads on offer from HY Markets vary, with HY Pro Trader account holders being offered spreads of 0.5 while those who hold the other account types are offered a spread of 1.8.
HY Markets do not only offer trading in currency pairs, but also provide investors with the opportunity to trade in a range of other assets. These include commodities, indices, precious metals, energy products and traditional stocks. This gives potential traders a great spectrum of choice.
Leverages on offer from this broker vary, as those who hold the highest level HY Pro Trader account being able to expect a leverage that begins at 200:1. Leverages of up to 300:1 may be offered on other account types.
The withdrawal and deposit systems offered by HY Markets are extremely well streamlined so that traders are able to enjoy a process that is both simple and convenient. The withdrawal process is fast and efficient, and there is a choice of method available, from the traditional, like wire transfers, to contremporary options like MoneyBookers, PayPal, Skrill and WebMoney. Withdrawals are actioned by simply completing an online form, although it may take up to 10 working days for cleared funds to appear in an investor’s bank account depending on any third party security checks which must be carried out.
The HY Markets customer support team is very good, and is open for contact between Monday and Friday 24 hours. The team can be contacted via email, telephine or online chat, with the multi-lingual support staff being able to aid investors with a variety of issues.
For those who require education resources, the HY Markets website has a choice of tools such as glossaries, tutorials, articles and videos which can help new investors to find their feet, maximise profit and gain an edge.
HY Markets also has a range of up to the minute live services such as Reuters news reports and live market prices. Traders can even receive a direct text alert to their mobile device, and thanks to the HY Markets analaytical and charting tools, investors can always stay one step ahead.

What Are the Benefits of Choosing HY Markets as Your Forex Broker?

If you choose HY Markets as your Forex broker, you can benefit from the following:

  • Numerous trading platforms suited to all kinds of trader
  • Accessible and user friendly platform interfaces
  • Platforms that can either be accessed from a PC with downloadable software or from a mobile device for traders on the move
  • FCA regulation for extra security and reliability
  • Professional, multi-lingual customer support team
  • 24 hour customer support available
  • Choice of contact methods including email addresses, online chat and telephone helplines
  • Efficient and rapid withdrawal and deposit processes
  • Choice of both traditional and modern withdrawal and deposit methods
  • Options to trade in a variety of different assets as well as Forex including commodities, precious metals and indices
  • Education resource section of the website
  • Live Reuters news and up to the minute market prices

7 Binary Options

It is not often that we get to review a broker from Australia, so we are excited to take a look at HighLow, an up and coming binary options broker that is based there.

One of the things that make HighLow an excellent binary options trading alternative is the fact that it’s a regulated broker. They also offer their services in several places around the world including Australia, Europe, Africa and the Middle East.

Unfortunately, USA binary options investors cannot use the services offered by this broker, however, for US traders we have Binary Option Robot or BinaryCent. The HighLow broker also features a trading platform that is super easy to navigate and to use.

These are important features when placing trades and learning about binary options trading. In addition, the HighLow website is well designed, unlike many others that are cluttered with a lot of useless information.

HighLow staff ensured us different promotions are nothing out of the ordinary in their company so future traders can expect a lot of goodies. Current promotion includes up to $50 cash-back on the first trade.

Basic information:

Online since: 2020
Jurisdiction: Australia
Software: MarketsPulse
Max Returns: 90%
Bonus: 100%
Minimum Deposit: $10
Minimum Investment: $10
Maximum Investment: A$ 1000
Currencies: USD, AUD
Mobile: Yes
Countries: All but US

– It is an innovative and forward thinking company
– They offer a large variety of option choices including advanced options
– Traders have a little more control over their trades than can be found on some other web brokers sites
– Outstanding Demo Account
– Low minimum Deposit
– Convenient mobile app
– $50 Cashback Offer

– It cannot be used by USA traders

7 Binary Options Rating:

About HighLow

HighLow is a brand of HighLow Markets Pty Ltd, an Australian company, holding an Australian Financial Services License, number 364264. As we have said before, regulated brokers offer several distinct advantages over non-regulated brokers when it comes to transparency and how they manage the money that is deposited by traders through the web broker.

Regulation also establishes a set protocol for complaints and requirements for insuring funds, just like a national bank does.Since it is an Australian site, those who favour trading in Australian dollars will not lose money on the rate exchanges to other currencies.

Sign Up and Trading Platform

The sign-up incentives on HighLow are above the standard offerings in the industry. They are currently offering a $50 cash-back on the first trade to all new traders that sign up with them. The sign-up process to trade with HighLow is relatively straightforward and uncomplicated.

One of the best features of the HighLow web broker is the large variety of option choices that this website provides. They include some advanced and potentially profitable options. Traditional options typically pay as much as 200% returns, while the more advanced option types, pay up to 100% return on investments on successful trades. These are exceptional returns when compared to other binary option website payouts.

When reviewing the HighLow brokerage site, we also found that not only does the expiration time impact the trade, but the spreads on the trades also give the investor a little tighter control over the outcome of the trade; this is a really beneficial feature for the trader.

HighLow Demo

Another outstanding feature is HighLow’s demo account. This is one of the easiest and most effective ways to learn how to trade binary options if you are new to this type of trading. It even helps veteran traders learn the platform when they first start trading with HighLow. The creative team at HighLow have incorporated the demo mode into the site so you don’t even have to sign up in order to use the demo services. When you first join the site, you will be given $10,000 of practice money to use with the demo account.

HighLow Website & Platform Overview

The eye-catching yellow-orange and black color scheme of the HighLow website is nicely laid out and immediately gives a professional look. On the homepage, you will find information about the types of binary options assets you can trade, the option types available, and the sign-up bonus. The transient screen also displays information about the distinctive features of the site.

HighLow’s website uses MarketsPulse as a trading platform, providing its customers with a smooth and hassle-free experience. They’ve also partnered with a data streaming company, Leverate, which provides safety and security for clients’ data. Also, the Trader’s Choice option on the platform activates after four executed trades and this provides real-time market sentiment of the traders online.

Taking a closer look at the assets, each one comes with a price chart and payout option alongside the trading time window. The 80+ assets available for trading include: precious metals like gold, a few stock indices (HKG33, UK100, US30, JPN225, and AUS200), and several currency pairs (including the most popular, EUR/USD, along with others like USD/JPY and EUR/GBP).

Highlow’s Platform allows you to place your trades easily

Navigating the site is a breeze. The creators have maintained simplicity and they have provided easy access to information including the broker’s FAQs, opening a demo or live account, choosing your preferred language (English or Japanese), as well as operational information on executing trades using their platform.

HighLow also allows traders to easily execute demo trades with one-click access…without even requiring your registration with the site! So, if you’re interested in trying out HighLow, then definitely take advantage of their demo feature (whether you register or not), particularly if you’re a new trader who has always wanted to practice trading with virtual money, before risking any real money.

Payout Percentages & Types of Trading

On the first tab of the HighLow platform, you can choose the normal High or Low trading option. This option gives you a payout of up to 200% of your invested amount on a winning trade, which is definitely among the best trade payouts in the binary options industry. So, by purchasing an option for the lowest investment amount ($10), you will receive a $9 profit payout if you win the trade.

HighLow provides several quick expiry options for those who prefer fast-paced trading. You can choose 30, 60, 180 (3 minutes), or 300 seconds (5 minutes) for short-term trades. You also get to enjoy the option of profiting on spread trading various assets, which can give you payouts of up to 100%. (More advanced options offer payouts of up to 200%).

HighLow is offering it’s users a 50USD cashback on signup

The spread binary options, combined with the short-term or turbo trade options, allow traders to diversify their trading portfolios and to trade a variety of expiry times.

HighLow also places limits on the maximum amount of money you can invest per trade and the exposure you can take at any given time. Other platforms tend to have lower restrictions with regard to this, so it’s something to keep in mind.

Regulation for HighLow

HighLow is regulated by ASIC, Australia’s regulatory body

Very few brokers available in this industry are actually regulated. You will find plenty of binary options brokers worldwide who don’t answer to any regulatory body, or who face some loose criteria that allows them, with very little capital, to open a brokerage company.
As a result of a lack of funds and the need to quickly raise capital, many unregulated brokers quickly succumb to the temptation of using traders’ funds and other shady tactics in order to run their business.
In some cases, some brokers are simply fly-by-night operations which are designed to take your money and run. Or, at the very least, they will make it impossible for you to withdraw your funds upon request…assuming you have any left to withdraw from your account.

The country of Australia is unique in that it’s especially difficult to find a brokerage company based there who has an official license. This is thanks to requirements of the official regulatory body, the Australian Securities and Investment Commission (ASIC), in order to be recognized as a regulated broker.

Not only does HighLow meet the threshold for meeting these regulations (making it a legitimate broker), but it offers traders some of the best protection in the binary options industry. With their license (number 364264) under the ASIC, this binary options brokerage company has had to meet certain criteria, such as:

  • Separating trader funds into a client money trust account with the National Australia Bank, an AA-rated bank;
  • Possessing large insurance policies for trader protection in case the company goes bankrupt;
  • Requiring staff members to have certification and training to give members informed advice;
  • And having directors and other key personnel with years of trading experience.

In addition, experts advise against using the advice of your broker to make trading decisions. Thanks to the ASIC, HighLow will only offer advisory services to its traders within the regulatory requirements and this is only provided by trained staff members.

The company also does not have automated trading capability, so you will need to use a trusted signal service, or your own trading method, in order to execute binary options trades manually.

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HighLow Trading Software and Assets

We are really impressed with the interface on the HighLow web platform:

  1. It is among the most user-friendly platforms we have ever tested.
  2. The site is laid out in an easy to read manner yet it still contains a wealth of informative and important information.
  3. The option choices are displayed in what the website refers to as the ‘binary options carousel’; this format makes it really easy to sort through and to select from the many available options choices.

The traditional High/Low option is offered, of course, with this being the name of the web broker as well. Under the Quick Facts section, you will see that the typical returns on investment are as high as 200%, with some more exotic options offering returns of up to 100%, These return on investment offered by HighLow, are among the highest returns on investment among other binary options brokers in the industry.

Trading can be done by investing as little as $10 per trade. This is great if you are just starting out and don’t want to risk a lot of money until you have learnt more about how to trade. The broker also caters to traders that enjoy fast trading, with short expiry times and they offer 30 second, 60 second, 180 second (3 minute) and 5-minute expiration times.

The ‘option on demand ‘feature makes trading highly flexible and is a favourite for those investors who like to take advantage of short term patterns and other specific dynamics of the trading environment.

Another type of binary option that is offered on the website is FOREX Spread High/Low Trading. Spread trading is ideal for those investors that like to trade in a high risk and high reward type environment. Return on investment with this type of option can be 100% or higher.

HighLow also offers access to world class data streams:

  • These services are provided by a well-known company called Leverate MarketsPulse
  • It is also an extremely safe and secure web platform
  • There is a Traders Choice indicator which also helps the investor to gauge current market sentiment
  • The Traders Choice feature will appear after 4 trades are executed and will constantly update, depending on the expiration times that are chosen
  • This feature can conveniently be turned on or off

There is also a convenient mobile app that can be downloaded to your smart phone or other smart device. This a great feature that offers flexibility and convenience to those that are limited in the amount of time they have to trade in front of their computers.

Customer Support and Services

During our testing of the HighLow support, we found their customer service to be responsive and professional. They offer service that is well beyond that which is required by the regulations they fall under. It is really impressive when a website goes the extra mile in order to take care of their investor’s questions and concerns. An internet search revealed many positive reviews of the HighLow website. Even their highly informative FAQ section is outstanding.

The best way to access customer support for the broker is by using e-mail. They answer your questions and concerns quickly as long as the question you have is not thoroughly covered in the FAQ section; we did not have a problem with this because their FAQ section is laid out so well and is easy to understand.

While we were initially surprised by the fact they do not offer live chat support, their phone support is a more than adequate replacement for this feature. Contact with Customer Support can be done in both Japanese and English.

How to Trade Binary Options With Highlow: a Video Guide

HighLow Banking

Neteller and credit cards seem to be the preferred methods for transactions with this binary options web broker. The minimum deposit for both is a low $50; one of the lowest deposit amounts in the industry. The minimum deposit for bank wire transfers is an extremely low $10. Transactions are simple and done in an encrypted environment for security purposes.

Please also note that:

  • HighLow is one of the very few binary options web brokers that offer instant withdrawals in most cases
  • They do charge a 2% transaction fee for withdrawal services but again, this is lower than the average throughout the industry
  • The minimum withdrawal amount is $50 in most cases
  • Bank transfers can be used for withdrawals and take approximately 1 to 3 days for the money to reflect in your account
  • Credit cards cannot be used to withdraw funds

Customer funds are kept segregated for security purposes and safekeeping. The commonwealth of Australia has strict rules regarding banking and all trader funds are placed in a trust account with the National Bank of Australia.You can have peace of mind that your funds are secure with the HighLow web broker.

What Do We Think

There are many unique features that can be found on the HighLow website and this innovative site is a little bit of fresh air when it comes to trading binary options.

The number of option choices is outstanding and their free demo account is the icing on the cake. We have no problems at all recommending HighLow and encourage all traders to go ahead and try out this broker.

Additional information

Customer Service: Email: [email protected]
Languages: English, Japanese
Trading Options: High / Low, Option Builder, Range Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: No
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Neteller
Withdrawal Time: 1 day
Demo account: Yes

Best Binary Options Brokers 2020:
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  • Binomo
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