BinaryOnline Broker Review ¦ Binary Trading South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

BinaryOnline Broker Review

There are hundreds of brokers on binary options market in South Africa and each day, new binary brokers appear by offering trading platforms to trade binaries in an efficient way.

BinaryOnline is one of such brokers, who is present for all interested South African traders.

BinaryOnline is owned by the Zola Ltd, company located in Bulgaria, Europe.

To learn more about this binary options broker and what trading features does it offer to traders in South Africa, read further in our BinaryOnline broker review.

BinaryOnline General Info – South Africa

According to BinaryOnline broker review, they claim to offer a wide selection of trading tools and services, which should be sufficient enough to enable traders to achieve high profits on BinaryOnline trading platform.

To begin trading binaries with BinaryOnline, required minimum deposit is $250. Also, accepted currencies are: EUR, GBP and USD. Lowest investment is $25 while only for Hyper options, minimum investment is only $5.

This broker claims to offer max. returns up to 81%.

BinaryOnline Platform and Trading Features

This binary broker states how they are continuously working on delivery latest trading tools and innovative platform to interested traders in order to have a successful binary trading journey. Our BinaryOnline broker review shows how they use PandaTS software.

Platform looks very modern and traders can easily navigate over the site when in a search to find relevant information before trading binary options begins. This software is one of the popular ones in binary industry and an increasing number of brokers use it on their platforms.

What we found useful while reviewing BinaryOnline broker is that they offer a selection of trade options with detail explanation of each. They include: One Touch, HIgh/Low, Range Options, Hyper Trading, Copy and Social Trading.

Considering times of expiry, BinaryOnline covers a truly amazing list of expiry times, such as short term (30 s, 60 s, 2 min, 5 min, 15 min), medium term (30 min, 1 hr, end of day) and long term (end of week / year).

Our BinaryOnline broker review revealed how they offer more than 100 of different underlying assets, such as stocks, commodities, currencies and indices.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

There aren’t too many binary brokers who offer Social Trading option such as BinaryOnline does. They support copy and social trading which is especially important to traders beginners since it enables them to have more successful trades. South African traders are able to follow successful pro traders and copy their good trades.

Another powerful trading instrument we discovered in BinaryOnline broker review is opportunity to experience mobile trading. In past few years, binary industry put focus on developing new ways how to attract people to join the platforms and by offering mobile platforms they achieved great success.

With BinaryOnline mobile app, traders in South Africa are able to experience a whole new level of trading binary options. It is an excellent choice for all those busy traders who want to have access to the trading platform on the go. With this app, South Africans can see how list of trading tools and features is exquisite, same as in desktop version.

BinaryOnline app is connected both with Apple and Android devices so traders are able to download the app from App Store and Google Play as well. Registered traders only have to provide their email and password when they try to login to the mobile app. BinaryOnline app is free and simple to use.

What we noticed also while reviewing this broker, is that BinaryOnline is connected with one of the leading binary auto trading software on the market; Binary Options Robot. This way, South African traders who prefer auto trading benefits are able to trade binary options with BinaryOnline broker.

BinaryOnline Account Types

Our BinaryOnline broker review showed us how traders are able to choose between three different trading accounts. Further, we’ll provide more details about a specific account type.

BinaryOnline Takeoff Account

  • Deposit $250 – $2499
  • 24/7 customer support
  • Promotional email alerts
  • Daily market news and updates
  • Access to winners corner and webinars

BinaryOnline Standard Account

  • Deposit $2500 – $9999
  • 24/7 customer support
  • Promotional email alerts
  • Daily market news and updates
  • Access to winners corner and webinars
  • Personal trading expert
  • Access to free signals for 2 weeks

BinaryOnline Premium Account

  • Deposit $10000 – $49999
  • 24/7 customer support
  • Promotional email alerts
  • Daily market news and updates
  • Access to winners corner and webinars
  • Personal trading expert
  • Access to free signals for 3 weeks
  • 10 risk free trades
  • Live trading with Professional
  • Higher profits

So far, we haven’t noticed demo account on BinaryOnline platform. Most traders prefer to try out the platform before they place a trade and make a deposit. It is pretty handy since inexperienced trades get an option to train first and later on, experience real trading in binary options.

However, BinaryOnline broker review revealed how registered traders are able to use Islamic account, intended for Muslim traders. With Islamic account, traders don’t have to pay any additional charges and yet have an option to trade binaries on this easy to use trading platform.

BinaryOnline Customer Support Service

For this BinaryOnline broker review, we noticed how they provide really good customer support, which is meaningful to all traders in South Africa interested to join this trading platform. Traders are able to contact this binary broker via: email [email protected] , live chat, phone (UK and Australia) and online contact form.

We tried out live chat option and were satisfied since support agent joined the chat shortly. We find customer service to be an important segment of trading binary options since very often, traders want to get an instant answer and that can be provided with a responsive BinaryOnline customer support service.

Education segment is considered as an important segment of binary trading and its importance is recognized by BinaryOnline broker. Under Winners Corner, traders in South Africa are able to find a truly excellent list of education guides and tutorials.

Winners Corner is divided into: ebook, binary options 101, binary options 201, knowledge base, binary insight, FAQ and market updates from financial markets.

These educational tools are greatly appreciated since they assist traders to improve their existing trading knowledge and go few steps further into learning more and becoming more successful trader in binary options trading.

While binary trading 101 and 201 provide more explanation of what binaries are and how to trade them, in Knowledge Area, traders are introduced to videos, signals, glossary and ebook in order to be well informed and see what are the latest market trends.

A selection of videos, economic calendar, calculators etc are available under Market Insight. Traders are able to know from where do market news come from and how to use that in binary trading process.

BinaryOnline Banking

According to BinaryOnline broker review, this brokerage company is operated by the Zola Ltd, 14 Tsar Osvoboditel Blvd in Sofia, Bulgaria.

They try to maintain high safety measures and conduct transparent online business. This can be seen under BinaryOnline tab, since they offer privacy policy, terms & conditions, KYC policy, AML policy and many more.

To make a deposit, traders need to invest $250 at least to begin trading. It is possible to deposit via debit (Visa) and credit cards (Mastercard), as well as bank wire transfer. From e-wallet representatives, only CashU is available.

As regards to withdrawals, traders in South Africa need to login to their trading account, go under My Account and click on Withdrawal tab. Several documents need to be sent to the broker first, for authorizing a trading account, such as:

  • proof of residence
  • copy of ID card
  • Copy of credit card used in binary trading
  • Investment testimony form

Depending on chosen trading account, estimated period of time for funds withdrawal is between 3 to 5 business days.

This broker unfortunately charges fees for all withdrawal options. Via credit cards fee is $25 and additional $10 processing fee (credit cards), for CashU it is $25 and via wire transfer even higher, $50. This is way higher than average amount in industry which we think it is pretty odd and unclear.

BinaryOnline Broker Review 2020

New and interesting binary options brokers keep appearing both on the South African market as well as global.

Among the newly available brokers, we also found BinaryOnline which we shall review for South African traders.

This broker is owned by a Bulgarian based company called Zola Ltd.

In our BinaryOnline broker review, South African traders will be able to learn more about this broker and the trading features and accounts it offers.

BinaryOnline General Info – South Africa

According to information available on their site, they provide varied trading services, features and tools which are to be used in order to obtain healthy profits while trading binaries with BinaryOnline.

The first thing we inspected for our BinaryOnline broker review was their minimum deposit requirements and we are happy to say that it is set at $250, an average sum in the binary options industry.

The minimum investment per trade is set at $25 while Hyper trade option allows traders to invest the minimum of $5.

South African traders may use USD, EUR and GBP as deposit currencies.

According to information available on their site, the maximum returns can go up to 81%

BinaryOnline Platform and Trading Features

The research we did for our BinaryOnline broker review also revealed they use Panda TS trading software which is among the most popular ones in the binary industry.

This provides a modern but effective platform which grants traders the access to plenty of interesting and potentially profitable trade options.

The trade options South Africans can choose from include: Range Options, High/Low, One Touch, Hyper, Social as well as Copy Trading.

With BinaryOnline traders also get a range of expiry times which cover short, medium and long term expiry times. For short term, traders can select 30 sec, 60 sec, 2 min, 5 min and 15 min.

For the medium term, traders may select 30 min, 1 h and End of Day while long term provides expiry times such as End of Week or End of Year.

This broker accepts fully traders from South Africa and is connected with Binary Options Robot. This automated software is free to use and offers South Africans possibility to accept or decline trading signals.

This broker provides the usual categories of underlying assets like stocks, commodities, currencies and indices as well as more than 100 variations of those underlying assets.

As we have already mentioned in our BinaryOnline broker review, this brokerage also provides copy and social trading which can be extremely useful for novice traders.

This enables them to follow professional traders and copy their trades.

Mobile trading is another trading instrument available with BinaryOnline. In providing the mobile trading app, this broker has tapped into the requirements of their traders, especially those with busy lifestyles.

In using the mobile trading app, traders have the opportunity to trade binary options on the go. South African traders interested in using this mobile app should know that it is the same as the desktop version.

The mobile app can be used effectively on iOS and Android devices, it is free for registered BinaryOnline traders and can be downloaded from Google Play or App Store.

Another interesting detail we found in the course of our BinaryOnline broker review is that they are connected to Binary Options Robot, one of the leading auto trading solutions on the market.

This provides yet another opportunity for South African traders as there is an increasing number of those who prefer automated binary trading.

Their platform is available in English and Turkish.

BinaryOnline Account Types

The majority of binary brokers today offer several different trading account types.

In our BinaryOnline broker review, we found that three different types of trading accounts are available to South African traders interested in this broker.

In addition to that, this broker also provides the Islamic Account for Muslim traders which is so designed as to respect the rules of Sharia Law.

It would seem that this broker does not offer a demo account as of yet.

BinaryOnline Takeoff Account

  • Minimum deposit from $250 – $2499
  • Customer support around the clock
  • Promotional email alerts
  • Daily market updates and news
  • Access to webinars and winners’ corner

BinaryOnline Standard Account

  • Minimum deposit from $2500 – $9999
  • Customer support around the clock
  • Promotional email alerts
  • Daily market news and updates
  • Access to webinars and winners’ corner
  • Personal trading expert available
  • A 2-week access to free signals

BinaryOnline Premium Account

  • Minimum deposit from $10000 – $49999
  • Customer support around the clock
  • Promotional email alerts
  • Daily market updates and news
  • Access to webinars and winners’ corner
  • Personal trading expert available
  • A 3-week access to free signals
  • Risk-free trades = 10 in total
  • Live trading with an expert
  • Higher profits

BinaryOnline Elite Trading Account

  • Minimum deposit from $50,000+
  • This account provides extraordinary packages to allow traders the highest possible quality of trading
  • For all other information concerning this account traders are instructed to contact BinaryOnline team

BinaryOnline Customer Support Service

Quality customer support service is an important part of any binary options broker and in our BinaryOnline broker review, we also inspected this segment.

We can say that they provide a well-organized and professional support as well as several means of communication.

Live chat is the fastest manner of communication, but traders can also use an email [email protected], phone numbers provided for Australia and UK as well as the web form.

The customer support service is available 24/7 and traders can contact them with any questions or issues they have.

We have also been pleasantly surprised when we realised just how many diverse and helpful educational materials this broker provides for their traders. In a sense, the entire platform is just filled with great information concerning binary options trading.

From a detailed FAQ section to Winners Corner which contains everything from eBook on binary options to updates from financial markets and other fantastic assortment of materials.

Traders can benefit greatly from browsing sections such as Binary options 101 and Binary options 201. There is also the Knowledge Area which contains videos, signal, eBook and glossary.

The economic calendar, calculators and videos can be found in Market Insight section.

BinaryOnline Banking

According to information available on their site, this broker strives to provide all the security measures necessary to provide protection of traders’ private and financial info.

To support that, South African traders are advised to inspect the BinaryOnline tab which contains info on Terms and Conditions, KYC policy, Privacy policy etc.

In accordance with the KYC policy, traders have to submit several documents such as proof of address, a copy of the photo ID, investment testimony form and a copy of the credit card used to make a deposit.

Deposit and withdrawal methods available with BinaryOnline are:

  • Credit/debit cards like MasterCard and Visa
  • Bank Wire Transfer

The withdrawal procedure is simple and all South African traders need to do is log into their account and under My Account select Withdrawals.

Depending on their withdrawal method and the selected account type, it might take from 3 – 5 business days for the process to be completed.

Traders should also be aware that the minimum withdrawal amount for bank wire is $250 with a $50 fee charged for every withdrawal.

For credit/debit cards the minimum withdrawal is set at $100 with a $25 fee charged for every withdrawal.

BinaryOnline Broker Review 2020

With an increasing number of binary brokers present on financial market in South Africa, traders have option to select a preferred one to trade with. We introduce our readers with BinaryOnline broker. This brokerage company is ooperated by the Zola Ltd (Bulgaria, Europe).

For more details regarding this trading platform, read further in BinaryOnline broker review and find out what are the best ways how to potentially benefit from binary options.

BinaryOnline South Africa

To start trading binaries with this broker, minimum deposit is $250. With lowest investment amount of $5 (for Hyper Options $25), traders in South Africa are able to achieve returns up to 81%.

According to BinaryOnline broker review, we found out that this broker accepts following currencies: USD, EUR and GBP.

Traders can choose between a wide range of underlying assets, including commodities, currencies, stocks and indices. In total, more than 100 of them available on BinaryOnline platform.

BinaryOnline Trading Platform and Features

There are couple of software providers which are used by binary brokers and PandaTS is a chosen one for BinaryOnline broker. Trading platform present itself as a modern one and enable traders to simply navigate over the site in order to find relevant information.

Concerning available trade options, with BinaryOnline they are: High/Low, One Touch, Hyper Options, Range Options, Copy and Social Trading. In terms of expiration time, South Africans can choose between following: 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr and end of day/week/month.

Not all brokers offer social trading as part of the trading platform and this broker provides just that for their South African traders who will have opportunity to follow professional traders and benefit from their trades.

What we came across BinaryOnline broker review is that they offer registered traders option to experience mobile trading on BinaryOnline trading app. This mobile app can be downloaded from Google Play and App Store

BinaryOnline mobile app serves as great option for traders who prefer trading on the go, without necessity to trade binaries exclusively on their computers. With mobile app, traders have option to use their smartphones and tablets as well.

South African traders would be glad to know how this broker is available on Binary Options Robot, one of the best automated software by our opinion on South African market.

BinaryOnline Trading Accounts

In BinaryOnline broker review, we learnt how this broker offers three account types, each consisted of different trading characteristics and trading tools, depending on minimum deposit.

BinaryOnline Takeoff Account

  • Minimum deposit $250 – $2499
  • Email promo alerts
  • Daily market news
  • Winners Corner and webinar access

BinaryOnline Standard Account

  • Minimum deposit $2500 – $9999
  • Email promo alerts
  • Daily market news
  • Winners Corner and webinar access
  • Personal financial expert
  • Free trading signals for 2 weeks

BinaryOnline Premium Account

  • Minimum deposit $10000 – $49999
  • Email promo alerts
  • Daily market news
  • Winners Corner and webinar access
  • Personal financial expert
  • Free trading signals for 3 weeks
  • Live trading with a professional expert
  • 10 risk free trades

While reviewing this broker, we noticed how there is no option to use demo account. Nowadays, a lot of brokers offer demo because it is an excellent example where traders can test the platform and trade binaries pretending it is for real. The major benefit on demo account is that it is used with virtual funds, not real one.

BinaryOnline Customer Support

Good customer support service is one of the main segments taken into consideration when planning to join a particular trading platform. BinaryOnline broker review revealed us how customer support agents are responsive and this fact is significant to all interested traders.

To contact BinaryOnline broker, South African traders can use email [email protected], live chat, contact web form and phone.

We had a pleasant experience with support agent on live chat who joined chat shortly and provided us with needed information about the platform and banking.

If traders want to educate themselves and go few steps further into learning more tricks on how to be a successful binary options trader, they can check BinaryOnline Education.

This Education tab is consisted of many different and yet important materials, such as: FAQ, ebook, binary options 101, binary options 201, binary insight and latest news from financial market.

To us it seems all segments of trading process are covered, from how to trade binaries, binary trading signals, webinars and glossary. This shows how traders do have an amazing opportunity to educate themselves and become more successful than in the very beginning.

BinaryOnline Banking

As discovered in BinaryOnline broker review, this broker is owned by the Bulgarian company, Zola Ltd.

Into ensuring traders in South Africa the best possible conditions to trade binary options, they prepared a KYC policy (Know Your Customer), T & C, privacy policy and others to show traders they are a serious binary broker.

According to our BinaryOnline broker review, traders are able to make deposits via credit cards (Visa and Mastercard), bank wire and CashU e-wallet. Minimum deposit amount is $250.

Regarding fund withdrawal, traders first need to be logged into their BinaryOnline account and choose Withdrawal button under My Account. Before making any payments, they need to send few documents to prove their identity (copy of photo ID, proof of address, investment testimony form and copy of used credit card).

Usually, expected withdrawal time is between 3-5 working days. However, this broker does charge withdrawal fee. For credit card withdrawal, $25 fee is needed with extra $10 of processing fee. Same goes for ewallet, while for bank wire withdrawals, fee can be even $50, which we find to be very high and unattractive move for registered traders.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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