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Broker Review: BinTrader
Today I’m looking at a new binary options broker that wants to help traders make smart investments in the financial markets, BinTrader. The broker has a very simple website, where they tell us that they provide training, analytics and top and support.
Despite the website being in Russian, they are owned and operated by Trader X LTD, which is located at The Jaycees Building Stoney Ground Kingstown St. Vincent and the Grenadines. I will still be leaving this categorized as a RU brokerage because I feel the people behind this broker are Russian, and that’s why their website operates in that language first. In order to access support, traders can click on the support button at the top right-hand side of the page. There is no email address available at this point in time.
For more brokers, see our binary options broker list here.
The creators of this brokerage advertise BinTrader as profitable, secure and stable. Traders can sign up with a minimum deposit of $10, and open trades as little as $1. This makes it possible for traders to test the brokerage, before depositing large amounts of money. You could certainly test the platform, and make sure that the brokerage is not doing anything weird with the pricing, which is beneficial. I believe that every binary options broker should have a starting deposit and minimum deal this low.
They currently offer deposits and withdrawals without any extra charge. Most brokerages charge a fee, so I’m not sure how this broker is doing it differently but hopefully it’s true and it changes the way other brokers are doing their withdrawals.
One of the main components of the platform, is the education center, or at least that’s what BinTrader leads us to believe. Yet, there are no real links to the education center. If you click on the “about the company” page at the bottom left-hand side of the website you will be taken to an area with the strategy section, an our traders section, a where to start section, and how to trade section, and a personal training section.
You will notice that each one of these pages is translated from Russian, so the language isn’t the best.
When trying to go to the strategy section, all I see is one line of Russian language, so I assume this section has not been flushed out yet. The our traders section is equally as disappointing, as it is just one line that states that “at the moment the section is empty.”
The bottom line here, is that the brokerage has done a poor job at putting this section together. I’m not sure if this is totally because they are Russian language first, or they have just yet to spend enough time in this area. Either way, this section needs major work.
Current Customer Feedback
At this point in time, I’ve been unable to find any client feedback. The brokerage must be very new, or just underpopulated in general.
I found one other BinTrader review that listed their verdict as “caution,” but they are to reputable binary options review site by any means. So, I will not be giving them any publicity.
This brokerage is obviously very early in its development, and with that being said I’m going to give BinTrader a 3 star review. The people behind this brokerage need to do a better job at completing their education center, and giving us more information about the brokerage in general. In oversimplifying the process and their sales page, they haven’t given us very much to work with. I’d like to learn more about the broker, and then I will consider raising the profile of this review.
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Bintrader, young binary options Broker, successfully works under the slogan “to traders from traders”, which indicates its serious intentions in the trading market.
|Minimum 1st Deposit||$10|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$1000|
|Payout||Up to 85%|
|Free Demo Account||Open Demo|
|Regulation||FMRRC (RU 0395 AA Vv0102)|
|Account Types||Demo, Mini, Standard, Profi|
|Deposit Methods||VISA, MasterCard, QIWI Wallet, Yandex Money, Skrill, Webmoney|
|Withdrawal Methods||VISA, MasterCard, QIWI Wallet, Yandex Money, Skrill, Webmoney|
|Trading Methods||60sec, 5min, 15min, 30min to 1 month|
|Number of Assets||90+|
|Option Types||60 sec, High/Low|
|US Traders Allowed|
Broker’s slogan – “to traders from traders” – indicates its serious intentions in the trading market, as well as the fact that its staff includes professionals who set the task of organizing a convenient and comfortable process of trading binary options. First of all, the company is pointed at the Russian audience, so all the materials of the website are presented in Russian that is convenient and reliable. In addition, the Broker successfully works with the largest CIS countries.
The staff of the company includes professional traders and analysts who are ready to help users of the platform in any matter. The Broker also has a convenient chat for traders in Telegram messenger. In March 2020, the company received the license of the Russian regulator, FMRRC, which also increases the level of confidence to it.
Convenient and functional trading platform is a proprietary development of the Broker, suitable for Traders of any level and positively evaluated in the reviews of Traders. It is worth noting fairly the fact that the development of the trading platform is a serious step that requires a lot of money, and usually, fly-by-nighter Brokers do not have and do not spend a lot of money to the serious development of the functionality.
It could be confidently set that Bintrader trading terminal is a worthy and high-quality product offering great opportunities for options trading, and it can be trusted. Website is available in popular browsers and devices (PC, PADs), works quickly and without failures. The terminal is very simple and even a novice Trader who has no experience of trading options can understand it. Among its advantages: the ability to change the background of the workspace (light or dark) for convenience, change the type of chart, subscription to free trading signals, the presence of demo account (with $1000 in the account), a convenient choice of expiration, assets, profitable Trading Strategies (TS “Reversal Point”, TS “Flat Breakdown “, etc.), analysts data, etc.
You can also take an advantage of Deposit Insurance, which allows you to return up to 45% of the amount in case of losing trades. This convenient function is a guarantee of safety of money on the account with the ability to continue trading, which positively characterizes the Broker. Elaborated and high-quality skill-training program for trader, created by professional market players, is another significant advantage that distinguishes the Broker among other trading companies.
Deposit & Withdrawal Methods
Bintrader provides enhanced capabilities for deposit/ withdrawal operations. In order to deposit the account, you need to create an account, deposit by choosing a convenient way to transfer money (Minimum Deposit — $10). To deposit, the Trader can use the advanced list of modern payment systems – from the usual Bank cards to e-wallets:
The account could be opened only in US dollars. Money is available for trading immediately after the payment. Cash-out is possible only for authorized and certified Traders, taking no more than 24 hours, which is very convenient. As it is mentioned in Bintrader Broker reviews, there are some problems with deposit / withdrawal operations. In this case we recommend you to clarify the particular features of the terminal from a Personal Account Manager and complete the full verification of the account.
Complaints against Bintrader
Despite the fact that Bintrader Broker is very young, reviews about it are already online and differ in their diversity. On the one hand, Traders mention about the convenience of working with Bintrader, fulfilment of its obligations by transferring money in a timely manner, and that the terminal operates at a high level. There are also negative reviews regarding the terms of bonuses, account verification.
To avoid problems with Broker, ask your Personal Manager about the conditions of account verification, rules for using bonuses and features of withdrawal. The Broker has yet to find and conquer its audience, which means that there will be more reviews about it and it is too early to draw conclusions about it.
A well-designed functional trading terminal, convenient ways of withdrawal operations, professional support, bonuses and funds insurance — the company provides really good opportunities for Traders, so it is worth trying trading with it.
If we find complaints about Bintrader, we will post it on social media. Follow us to be well informed:
Bintrader: a Scam?
Despite the fact that the broker is one of the youngest in the binary options market, it has yet to show its capabilities in trading. And yet, the network already has different reviews about the company, but most of them are positive, which indicates the trust to Bintrader.
One of the important factors of the positive Broker’s image is the presence of its own trading platform, this indicates its serious intentions, because it is an impressive investment that is not available to fly-by-nighter Brokers. A significant advantage – the presence of bonuses, round — the-clock support, the opportunity to receive professional training with analysts – all this speaks of a deliberate policy of working with the client.
Bintrader certification is also a significant step towards trust of the user. Should Bintrader be considered a Scam? At this stage of the company’s development, it is too early to draw such conclusions, but you can protect yourself by working properly with your personal Manager.
The activity of this Broker is extremely transparent; in Russia it is regulated by the FMRRC (certificate issued by the Center for Regulation of Relations in the Financial Markets). Not all Brokers have such certification. The regulator, which issued the license, also controls the work of a special fund, which compensates the losses of Broker’s Clients. Thus, the FMRRC certificate minimizes the risks of Traders, guarantees the reliability and safety of trade.
Each Broker’s Trader could receive bonuses of 2 types:
1) Percentage to the account. The amount of such bonus can reach up to 150% (depending on the amount on the deposit). This is the money that is available on the trading account, they can be traded. In future the bonus should be worked out. Conditions of the bonus work-off should be specified by Personal Manager.
2) Insurance up to 100 transactions. You can make up to 100 trades with the ability to recover up to 40% of the lost amount in case of loss. The essence of the bonus is that if your transaction is closed at a loss, you could return up to 45% to the account.
Bintrader, binary options trading Broker, despite being a young company, has a good chance of getting high ratings among trading professionals. Already now the company has positive reviews about bonuses and its trading terminal, which speaks volumes about that the company is on the right path of development. The unique functions of the terminal, the thought-over training program, favorable bonuses – all these positively characterize the company, testifying to successful start and correctly chosen area of development.
And yet, the company has negative reviews, which lead to the conclusion that the Trader needs to study carefully the conditions of working with the company. Let’s hope that the Broker pays attention to feedback from its users and intends to develop further, keeping the pace of its successful start. It is also fair to note that Bintrader has not yet managed to prove itself, and it is quite early to evaluate it as a reliable or fraudulent company. However, the reviews of Traders that we are waiting for under this digest, can not only affect the Broker’s ratings, but also warn about possible problems.
BinTrader – review and feedback on the trading platform of binary options
вњ… This Trading Platform is available in Russia
Overview of prospective binary option brokers: BinTrader
Among the companies engaged in online trading, despite the high level of competition in this field of activity, it is difficult to choose a broker that will fully meet the needs of both beginners and experienced traders. Russian-speaking users of the World Wide Web are more difficult in this case than residents of European countries, Japan or the United States. The lack of economic education, poor knowledge of the English language, lack of financial resources (a few residents of Ukraine or Belarus will risk putting an unknown company on a deposit of $ 250) and a high level of mistrust of the most diverse Internet resources offering to make money on the global financial market.
Many experienced traders from the former Soviet republics recommend their fellow countrymen to start making money in foreign exchange markets, binary options, etc., using the services of brokers focused on the Russian-speaking audience. In this regard, BinTrader trading platform, which has been engaged in online trading since 2020, offers good conditions, but, despite a relatively short period of activity, managed to earn a reputation as a safe and reliable broker.
The main advantages of cooperation with BinTrader
The owner of the presented trading platform is the company Trade X Ltd, and its founders started their activity in the world financial market as ordinary traders, so they are well aware of the goals, needs and opportunities of their former colleagues. Given these nuances, a platform was created (by the company’s specialists), and then an application developed for BinTrader that allows financial transactions to be performed without fear of fraud on the part of the broker.
The funds of the broker’s clients are insured and stored on the accounts of reliable banks, which allows traders to withdraw their investments at any time. Technical support of the website and modern software guarantee the safety of personal information of users and prompt execution of financial transactions provided by this broker.
The minimum deposit and the size of the bet ($ 10 and $ 1, respectively) are convincing factors in order to independently check whether the given company fulfills its promises. If for many potential customers, 2-3 hundred dollars is a large enough amount that they do not trust an unfamiliar firm, then $ 10 is an acceptable option for starting work and getting closer to the broker presented.
But one of the most important indicators of the reliability of this company is the availability of a certificate issued by an organization that controls the activities of the trading platform – the Center for Regulation of Relations in Financial Markets. In case of any problems, the trader can apply to the regulator, who will necessarily check how the broker fulfills its obligations.
One of the main creators of the trading platform in question (I. Orlov) made a lot of efforts to organize the work of a full-fledged training center on the basis of this web resource. Depending on the amount of the first deposit (based on this indicator the level of training is chosen), the client of the broker gets the opportunity to become a participant in the personal training program under the guidance of a professional analyst.
The user of the trading platform gets acquainted with effective trading strategies and, together with the mentor, analyzes their “pros” and “minuses”. A qualified specialist helps a trader deal with his own operations, revealing their strengths / weaknesses. The broker’s client also has the opportunity to contact his analyst at any time to ask him questions of interest.
The opportunity to undergo training and learn to work in the global financial market is another important indicator in favor of creating a login on BinTrader and using the services of professional teachers.
Important financial characteristics of BinTrader
Regardless of which trading platform the trader chooses, before registering on it, he must thoroughly study the basic requirements of the administration that has interested his website.
Despite the fact that some of the indicators have already been mentioned above, for the convenience of readers, we will outline the main conditions of work on this trading platform in a separate unit:
в—Џ The minimum deposit is $ 10.
в—Џ The minimum transaction amount is $ 1.
в—Џ Account currency: American dollar.
в—Џ Estimated yield: up to 85%.
в—Џ Deposits of the broker’s clients are insured.
в—Џ There is an affiliate program.
в—Џ Bonus is provided when replenishing the trading account: up to 150%.
How to replenish the deposit or withdraw funds
Prepared by BinTrader user reviews, indicate that the broker’s web-resource is quite enough ways to solve the issue with the input / output of money. Traders can perform this procedure using:
в—Џ Debit / credit cards (Visa and Mastercard).
в—Џ Yandex money.
Some of the reviews of its clients about the broker BinTrader report a small number of available financial transactions and instruments, which limits the opportunities for users of this trading platform. But on the other hand, every trader always has a choice, where to work for him and what deals to conclude.
Clients of the broker in question can use strategies posted on his site to earn binary options, as well as conclude deals on: currency pairs, commodities and shares of large enterprises.
Based on the above information, we can conclude that this broker is not some serious fraudulent scheme, but if potential users have doubts about this, they can invest $ 10 and independently check how this trading platform works.
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!