BullBinary Broker Review ¦Binary Options 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!

Binary.com Review

Binary.com was one of the long-term binary options brokers, available on global financial market. Our Binary.com review revealed how they accept traders from South Africa and therefore, we decided to review their trading platform.

Binary.com initially appeared on financial market back in 1999 and are operated by the Binary Investments Ltd.

In this Binary.com review, we will take a closer look of the platform and trading instruments, which are available for traders in South Africa. For more details about this safe binary options broker, read further in our Binary.com review.

Binary.com Trading Platform

Our Binary.com review showed how this broker uses own proprietary software, which puts him in category of few binary brokers who offers their own software to registered traders. They enable traders to use a variety of trading tools and a selection of different underlying assets.

Traders in South Africa should know how Binary.com broker is a regulated one.

For Binary.com review, we learnt how required minimum deposit is low $5. Minimum investment is also just $5, while maximum is $100 000. Highest bonus is $150, while maximum payouts can go up to 100%.

Binary.com Trading Features and Services

Our Binary.com review revealed us how they offer a long list of trade options, combined with an exceptional list of different times of expiry. South Africans can choose whether they want to trade with following trade options: One Touch, High/Low, 60 Seconds, Boundary, Long Term and Touch Options.

Traders can select among short term and long term expiry times, covering trading within 15 s, 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and 150 days as maximum.

Traders can invest in different underlying assets, such as forex, commodities, OTC stocks, indices and volatility indices. Full list of assets can be found under Asset Index on the bottom of the website.

According to our Binary.com broker review, we noticed how they recently implemented mobile app, which is excellent news to all interested binary traders who are busy, but want to have access to mobile platform. This app is connected to both Android and Apple devices and can be used on tablets and mobile phones. Binary.com mobile app can be downloaded from App Store and Google Play.

On the other hand, they do offer demo account, which is an excellent news for inexperienced South African traders. When traders register on this platform, they will be offered with $10 000 of virtual money for safe trading.

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!

Why we say safe? Because trading on Binary.com platform is risk free since traders don’t invest their real money but instead they get a chance to practice and test trading platform in order to have better trading results.

Another thing we came across Binary.com review is that they have implemented charts in real time, such as candlestick graphs and JAVA software, which enables traders to easily detect price range of chosen asset.

Our Binary.com review showed how they have prepared one of the best education section, together with blog. In Learning Center, South Africans can find training videos, including those related to different assets.

Also, traders can get more information about security tips, weekly market updates, glossary and FAQ. especially for new traders, Binary.com prepared tab called New to Trading? And education webinars to gain more trading knowledge.

Binary.com Customer Support

What we discovered in Binary.com review is that they offer assistance via several communication channels, such as: email [email protected] , live chat and phone for several countries worldwide. Binary.com also has offices in different countries (Malta, Japan, Malaysia and Isle of Man).

This way, traders can ask for help whenever needed and live chat showed as the quickest option, since support agent joined chat within seconds. Having good customer support is valuable to have since traders need to trust their broker, who will assist them achieve success while trading.

Also, this broker supports GameCare, an organisation which supports people with trading issues.

Our Binary.com review revealed how platform is multilingual and available on following languages: English, French, Spanish, Russian, German, Polish, Portuguese, Italian, Arabic, Indonesian, Vietnamese and Chinese.

Binary.com Banking Info

Traders in South Africa should know how registration on Binary.com is free, however deposit is required to start trading. Minimum deposit amount is $5, which is extremely low and also, attractive for traders to join and begin their binary trading experience.

They offer absolutely amazing list of deposit methods as we discovered in Binary.com review. It is important to keep in mind how selected payment method while depositing has to remain the same as when withdrawing.

Under Banking tab, traders can click on Cashier (to select payment option and upgrade to a real account) or on Payment Methods option.

Available deposit methods with Binary.com are:

  • Debit / credit cards: Mastercard, Visa and UnionPay
  • Bank wire: Western Union, Internet Banking, Internet Bank Transfer and Bank Transfer
  • E-wallets: Skrill Moneybookers, Neteller, OK Pay, FasaPay, Perfect Money, Moneta.ru, WebMoney, QIWI, Yandex.Money and PaySafe Card

With cards and e-wallets, deposits are instant, while withdrawal time depends on selected option, but is usually between 1-2 working days. Only via bank wire, withdrawal time can go up to 5 working days.

BullBinary Broker Review

This broker is closed.

Estalished in 2020, BullBinary is a binary broker who is present on South African market to offer trading platform for investing in binaries. This brokerage company is operated by the Spot Capital Markets Ltd.

Further in BullBinary broker review, we’ll provide more thorough information regarding the platform and what trading tools can South Africans use to maximize profit in binary options.

BullBinary South Africa – General

What we discovered in BullBinary broker review is that required minimum deposit is $250. Minimum investment is only $1, while returns go up 90%. With BullBinary, it is possible to choose between several different currencies, including USD, EUR, GBP, PLN, HUF, BRL and CZK.

BullBinary broker review revealed how they obtain regulation of 14 regulatory authorities which is absolutely fantastic. With its regulatory status, traders don’t need to worry if their funds will be safe as well as will they be able to reach BullBinary support service in case of any assistance.

BullBinary Platform and Trading Features

SpotOption software is the chosen one for BullBinary broker, thanks to its simplicity while trading. Available trade options on BullBinary platform are: 60 Seconds, Pair Options, High/Low and Long Term. our BullBinary broker review showed us how South Africans can choose between more than 180 underlying assets (currencies, stocks, commodities and indices).

Traders might wonder which features and services are available on this platform. Our BullBinary broker review showed us how features such as Double Up, Sell options and Rollover await traders in South Africa to join in and begin trading.

As the word says it, Double Up means how it is possible to double the trade in order to improve trading results with an asset. With Sell Options, South Africans can sell the position before a trade expires. Rollover feature is very meaningful for registered traders since it enables them to postpone expiry time, which is especially important if a trade is in unsuccessful position. This feature is valid up to 15 minutes before trade expires.

BullBinary has prepared mobile app to satisfy needs of busy traders who prefer trading binary options on the go. Due to tech improvements, traders can now benefit from mobile trading since mobile platform is transparent and easy to use with clear overview on trading charts. App is connected with both iOS and Android systems.

Inexperienced South African traders will be glad to see how this broker offers demo account option on this platform, as learned from BullBinary broker review.

On BullBinary demo, traders can perform strategies and trading techniques in risk free environment to gain more trading knowledge. With demo, trading is risk free since there is no option of investing real funds, only virtual ones. Traders should know how on Regular account, demo account isn’t available, but access to demo can be used only when traders deposit at least $2500.

Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!

BullBinary Account Types

What we learned in this BullBinary broker review is that this broker offers several trading account to South African traders, besides practicing on demo. Check further our BullBinary broker review and find out more about characteristics of each BullBinary account.

BullBinary Regular Account

  • Minimum deposit of $250 and investment $1
  • Payouts up to 83%
  • Withdrawals within 5 business days
  • A variety of education materials on disposal

BullBinary Silver Account

  • Minimum deposit of $2500 and investment $1
  • Payouts up to 83%
  • Withdrawals within 5 business days
  • A variety of edu materials on disposal and 1-on-1 trading sessions with an expert

BullBinary Gold Account

  • Minimum deposit of $20 000 and investment $5
  • Payouts up to 85%
  • Withdrawals within 2 business days
  • Access to Edu Center and unlimited 1-on-1 trading sessions
  • Personal expert on disposal
  • Access to market news and webinars

BullBinary Platinum Account

  • Minimum deposit of $50 000 and investment $25
  • Payouts up to 90%
  • Withdrawals within 24 hours
  • Unlimited and free withdrawals
  • Access to Edu Center and unlimited 1-on-1 trading sessions
  • Personal expert on disposal
  • Access to market news and webinars

BullBinary Customer Support Service

Good and quality customer support is an important segment in binary options industry and our BullBinary broker review showed exactly that.

Traders in South Africa are able to reach this broker via several ways; email on [email protected] , live chat, online form and phone number for 18 countries around the world.

Also, platform is multilingual and available on following languages: English, French, Portuguese, Spanish, Chinese, Czech, Italian, Russian, Greek, Polish, Hungarian, and Arabic.

Another important element for registered traders is the fact how support service is on traders’ disposal 24/5. South Africans can ask support agents any question regarding their platform, how to make transactions or what features can be used in order to make profit when trading binaries.

As mentioned above in the BullBinary broker review, traders have option to check their Education tab and find needed info which can be used in the trading process.

These education materials include FAQ, Economic Calendar, Bull Academy, webinars, latest updates from market news, One-on-One trading and Products. Entire Education Center is completely adjusted for traders novice as well as pro traders who can use education guide to expand trading knowledge.

BullBinary Banking Info

Owned by Spot Capital Markets Ltd, this broker offers South African traders an innovative platform with a wide range of trade options, accounts and features for profitable trading journey.

Our BullBinary broker review revealed how it is possible to deposit through several ways, such as:

  • Cards: Maestro, Visa, Mastercard and Carte Bleue
  • Wire transfer
  • E wallets: Neteller, Skrill Moneybookers, AstroPay, Boleto, WebMoney, PaySafe Card, QIWI, Moneta.ru, Sofort, TrustPay, Neosurf, GiroPay and HalCash

Also, it is important to mention how there are no fees for depositing. In order to begin trading, South Africans first need to sign up, click on My Account tab and deposit a specific amount of money.

Concerning withdrawals, traders first need to submit a withdrawal process and provide several needed information. They include proof of address and copy of ID card. These documents need to be sent to email [email protected] for this broker to approve request.

Once approved, it might take up to 5 working days for traders to receive their earnings. Our BullBinary broker review showed us how there are no minimum withdrawal amount, which isn’t so often seen in binary industry. But, this broker does charge fee for withdrawals, in amount of $10, except Platinum account which is free.

BullBinary Review

BullBinary

Broker BullBinary
US Traders Accepted
Company Name Spot Capital Markets Ltd.
Headquarters Larnaca, Cyprus
Regulation CySEC (license #210/13)
Max Payout 85%
Out-of-Money Reward 0%
Trading Platform SpotOption
Early Closure
Deposit Options Credit/debit cards, bank transfer, Skrill, Neteller, Astropay, Paysafecard, WebMoney, TrustPay, Neosurf, EPS, Giro Pay, Sofort, Monetarum Ticket, Surf, Solo, Hal Cash
Deposit Currencies Euro, US dollar, Great Britain pound, Hungarian forint, Polish zloty, and Czech koruna
Minimum Deposit $250
Minimum Trade $1
Maximum Trade $1,000
Online Since 2020
Trading Instruments Currencies:
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/RUB, GBP/USD, NZD/JPY, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR
Stocks:
3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, ALPHABET (GOOGLE), AMAZON, ANZ BANK, APPLE (US), AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, CATERPILLAR, CITI (US), CK HUTCHISON, COCA COLA (US), COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON AG, EBAY, EXXONMOBIL, F5 NETWORKS, FACEBOOK, FEDEX, FERRARI, FREEPORT MCMORAN, GAZPROM (RUSSIA), GENERAL ELECTRIC, GENERAL MOTORS, GODADDY, GOLDMAN SACHS, GROUPON, HSBC HOLDINGS (LONDON), HSBC-HK, IBM, INTEL, JOHNSON & JOHNSON, JP MORGAN CHASE, LAS VEGAS SANDS, LUFTHANSA, LUKOIL (RUSSIA), MASTERCARD, MAZDA MOTOR, MCDONALD�S, METRO AG, MICRON, MICROSOFT (US), NETFLIX, NIKE (US), NISSAN MOTOR, PETROBRAS, PFIZER, PROCTER & GAMBLE, RIO-AU, ROSNEFT, S.BANK INDIA, SALEFORCE.COM, SAP, SBERBANK (RUSSIA), SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS (INDIA), TATA STEEL, TELEFONICA, TENCENT HOLDINGS, TESLA MOTORS, TEVA .TA, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VOLKSWAGEN, VOLVO, WAL-MART, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V
Commodities:
COCOA , COFFEE, COPPER , CORN , COTTON , GOLD, GOLD/EUR, OIL (LIGHT SWEET CRUDE), ORANGE , PALLADIUM , PLATINUM, RICE , SILVER, SOYBEAN , SUGAR, WHEAT
Indices:
AFRICA 40, ASX, ATHENS, BOMBAY SE, BOVESPA, CSI 300, DAX (GERMANY), DOW (US), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), FTSE F, FTSE MIB F, HANG SENG (HONG KONG), IBEX, KUWAIT (KUWAIT GENERAL INDEX), MICEX 10 (MOSCOW INTERBANK EXCHANGE), NASDAQ (US), NIKKEI225 (JPN), RTS FUTURE (RUSSIAN TRADING SYSTEM), RUSSELL 2000, S&P 500 (US), SHANGHAI COMPOSITE, SMI, SSE180 (SHANGHAI STOCK EXCHANGE), TADAWUL (SAUDI STOCK EXCHANGE), TEL AVIV 25, TOPIX 100, TSX 60
Number of Trading Instruments 180
Binary Option Types High/Low, 60 Seconds, Long-Term, Pair Options
Customer Support Types Phone, email, live chat
Education Offered Webinars, trading videos, tutorials, ebooks, and online courses
Tools Offered Economic calendar, market news, and social trading
Commission 10$ fee on all methods of withdrawal
Languages English, Chinese, Russian, Portuguese, Italian, Arabic, Czech, Greek, Hungarian, French, Spanish, Polish
Demo Account Yes (upon deposit)

BullBinary is a fairly established binary options broker. The service was first available in 2020 and was created by a company called Spot Capital Markets Ltd. This is a reputable company in the online binary option trading industry. They are licensed and regulated by CySEC, which provides a safer and more secure trading environment. Bullbinay uses OptionSpot as their trading platform provider. This platform is highly reliable and is becoming a very popular choice for brokers. This is due to the easy to use interface and the variety of trading instruments available. Currently this service is available to most countries outside the United States and have their platform offered for the web.

Getting Started

Getting signed up with BullBinary is straightforward and easy process. To open a live account, you simply fill out the registration form, choose your preferred currency, select your payment method, and then confirm your account through email verification. The account registration is free of cost. At the moment, their demo is available only for funded customers.This gives beginner traders the limited ability to test the platform out and get a feel for how everything works.

Depositing and Withdrawing from Account

Depositing funds with BullBinary is what you would expect from a reputable broker. A user simply goes to their account page, selects “deposits”, and then chooses whatever deposit method best suits them. One great benefit that is unique to this platform is the number of eWallets that users have the option to use. Skrill, Neteller, Astropay, Paysafecard, WebMoney, TrustPay, Neosurf, EPS, Giro Pay, Visa Electron, Sofort, Monetarum, Ticket Surf, Solo and Hal Cash are of the many eWallets available. Along with this credit/debit cards like Visa, Mastercard, Maestro, and Bleue are also available to deposit funds with. Wire transfers are offered as well. The minimum deposit amounts starts at $250 and there are no fees if you use an eWallet or credit/debit card. Banks may charge a fee for a wire transfer but that depends on your bank so make sure to do your research before selecting this method.

To withdraw funds from your account, you must fill out a withdrawal request form and send it to BullBinary by email. The withdrawal request form involves having a valid phone number that will be used by customer service to confirm verification, colored both sided copy of proof of identity (ID or passport), and proof of address (recent utility bill or bank statement) Once a form is submitted, it typically takes about 3 business days for them to process and approve the request. This can be seen as a drawback but is pretty typical of modern binary option brokers. After the request is approved, funds will generally show up in your personal bank account within a week. There is a $10 fee for all methods of withdrawal.

Account Types

The BullBinary platform offers users to choose from four different accounts types. Each type of account has differences in the minimum deposit required, instruments able to trade from, payout levels, trading tools, and educational resources available. The following shows the various account types and what features come with each of them.

Standard

  • Minimum deposit of $250
  • 120+ assets to trade from
  • Up to 83% payouts
  • 2 webinars offered
  • Level 1 trading reports
  • 1 coaching session
  • EBook, insurance, and video tutorial
  • Multilingual email support

Silver

  • Minimum deposit of $1000
  • 140+ assets to trade from
  • Up to 85% payouts
  • 4 webinars offered
  • Daily analysis and advanced trading reports
  • Level 2 coaching session
  • EBook, insurance, and video tutorial
  • Multilingual email support
  • Minimum deposit of $5000
  • 160+ assets
  • Up to 85% payouts
  • Unlimited webinars
  • Level 3 trading reports and coaching sessions
  • EBook, insurance, and video tutorial
  • Multilingual email and live chat support
  • Minimum deposit of $10,000
  • 180+ assets
  • Customized webinars
  • Unlimited trading reports and coaching
  • EBook, insurance, and video tutorial
  • Multilingual email and live chat support

Before choosing an account, consider the type of trader you are, how big your bankroll is, what educational resources you will be needing, and the type of customer support that you would like to have. As you can see, BullBinary has an account type for both beginner and expert level traders.

Trading Platform

The service uses the SpotOption 2.0 trading platform. It is available through their website and mobile applications. Both iTunes and Google Play carry this app in their marketplaces. It is free to download. The platforms interface itself is intuitive and straightforward. The layout of features is well organized and makes for a very user friendly trading experience. Both candlestick and line charts are available to view, the underlining assets price is clearly displayed, expiration times are visible, and the potential payout of a trade is always shown. The major downside to this platform is that they don’t offer any integrated charting tools. For more technical or advanced traders this is very important and may be a deterrent. However, overall, the platform performs as you would expect and the basic functionality of a typical binary options broker service.

Educational Resources

This is where BullBinary really shines as a broker. They offer a wide range of learning tools and educational resources. Live webinars, one on one training sessions, trading tutorials, introduction videos, eBooks, and information on trading strategies are all available to its users. It can also be integrated with the ZuluTrade, which is one of the largest social trading networks. You can easily connect with Zulu and start trading yourself or even let it auto trade. If you are new to trading or even if you have some experience but want to learn more, BullBinary offers great tools to sharpen your skills.

Conclusion

This broker offers typical features found in many trading platforms and has a growing reputation as a reliable service. The user friendly interface, number of trading instruments available, payment methods to choose from, and educational resources offered are all advantages of using BullBinary. On the other hand the lack of more advanced charting tools may stop more advanced traders from choosing this broker. Overall, the broker is growing in popularity and should be considered when looking for a binary options broker.

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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