Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!
What are Binary Options? – Honest Review
Binary Options is a financial instrument to trade on long or short markets in a certain period of time. The Trader only got 2 options: Win a high amount of money (75% – 95%) or lose the investment amount for this trade. It is like betting on rising or falling markets. Binary Options are very flexible. It is possible to trade any financial market and use different time horizons (starting from 30 seconds).
- Call (Higher): Make a forecast for rising markets
- Put (Lower): Make a forecast for falling markets
Make a forecast for the future price direction
In this article, I will show you exactly what are Binary Options and how do they work. Knowledge is the key to success. Read about the risk and the opportunities to make money in the following text.
Where to trade Binary Options in 2020?
In the next steps, I will show you how Binary Options (Wikipedia article) work. You will understand it in a few moments. But first of all, where to trade Binary Options?
You will need a Binary Options Broker (see the table below). I searched after the safest companies which give the highest return for traders. There are different companies around the world who provide this financial service. You can open a free demo account. This is an account with virtual money so you can learn how to trade without risk.
- You need a company (broker) which provides the financial service (Binary Options)
- Open a free demo account with virtual money (Virtual trading without risk)
|1. IQ Option||(5 / 5)
High Yield 92%
Is Binary Options Trading safe or not?
Safety is the most important point in online investing. You should choose a good and reliable broker which is safe. I recommend using a regulated company for your investments. Have a look on my full Binary Options Broker Review to find the best one. There are regulated and unregulated companies for trading. It always depends on the broker to trade safely Binary Options.
I did a lot of research and clearly, I can say that a regulated broker does not cheat to its clients. Normally unregulated brokers do not cheat too. But it is not 100% safe because sometimes these are small and unknown companies.
It is safer to trade with a regulated broker than with an unregulated one.
In conclusion, you should use a regulated broker for trade Binary Options safely. It always depends on the Broker if it is safe or not. Do the research by yourself and read my review about the broker on this website.
Example of regulation or license
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!
Safe and well-known regulators are:
What you really need to know about online platforms:
There is a huge diversity of Binary Options Platforms and you have to check out what is your personal favorite. Nowadays developed software is very flexible and available for any device. It is possible to trade with the computer (browser and desktop), smartphone and tablet. That means you can trade from everywhere around the world if you got access to the internet.
Especially for a beginner sometimes it is hard to learn to trade with a new platform. There are a bunch of options which can confuse you. Most brokers will give you education material like video tutorials or step to step guides. Also, you can ask the support for help by phone, chat or email.
A platform for any device
Flexibility and charting are provided by the platform. You can do a personal chart analysis with indicators, technical tools, and different chart types. Sometimes you will get access to economic news directly in the platform. Indicators are known for giving you feedback on the market price at the moment. They are customizable like you want. So it is possible to analyze different timeframes.
Today Mobile Trading is one of the most important factors for trade successfully. It is a great opportunity to boost your profit. In the past traders could not trade online or via mobile phone. So the options were much lower for making a profit. Apps are available for Android and iOS users or any other device. Check out your trading account 24 hours per day via your mobile phone.
In my opinion, it is better to use the web-based platform with your computer for analysis. Often there are a lot more functions than in the app. Furthermore, you can see the chart more detailed and a higher range of it. Professional analysis can be made by using a computer.
Binary Trading Tutorial | Step by Step Guide
As a trader, you can choose between a lot of different assets on a Binary Options Platform. You can trade Forex, Stocks, Commodities, Cryptocurrencies and more. This trading tutorial will show you how it exactly works to trade the financial product. The process is always the same as you see in the video and picture below. Just practice it in a free Demo Account.
Learn how to trade successfully
Now you have to imagine and predict the asset price direction for the future (forecast):
You can use the specially programmed trading platform of a Binary Options broker to analyze the charts and get trading ideas. It is very important to have a good working strategy for maximum profit. Beginners should use technical analysis for trading the chart. On the broker platform, you can learn more about it in different education videos/centers.
Therefore every Binary Option expires after a specified time. You can use the time horizon between 30 seconds or 5 months or more. Sometimes it depends on the broker. As you see you can trade short-term or longterm Binary Options.
After you have decided on the direction and the expiry time for your trade you can “sign” the contract with your broker. Just click the call or the put button. On some platforms, you have to confirm the trade.
- Call (Higher): The price will go up in your expiration time
- Put (Lower): The price will go down in your expiration time
If you are right in your decision, the broker will pay you a high asset profit of 75-95%. The trade automatically closes after the expiry time. Sometimes the broker allows you to close the trade before the expiry time ends. That is a way to reduce the impact of a wrong decision.
That means if you invest the amount of 100$, you can earn the amount of 195$ on a certain time horizon. 100$ is the return of your investment and 95$ is the profit.
Binary Options Platform Tutorial for beginners
- Search for an asset with a high profit. If you trade the assets with the highest yields in conclusion from my experience the result will be much better in the end. Some Binary Brokers offer you different account types with different asset profit.
- Analyze the chart on the platform. You can choose different time frames, indicators or financial news for your strategy. Every Binary Broker offers you some educations, too. Learn in webinars, videos or coaching the best strategies of the world.
- Now you should select the expiration time of your Binary Option. There a lot of possibilities for your trade. Some traders like it to trade short-term options and some other traders like it to trade longterm options.
- Choose an amount you want to invest in your trade. The most time it starts at 1$.
- At latest trade the Binary Option with a call or put. There are only 2 options in the market, that’s why it is called “binary”. In the end, you earn a high yield or you lose your selected amount.
What are the conditions Binary Options Trading?
You can trade any asset with Binary Options. It can be stocks, commodities, forex or cryptocurrencies! Most brokers give the option to trade more than 100 different assets. The expiration time depends on your broker. Some companies provide Binary Options with a time horizon of 30 seconds or less. These days you get a lot of different options on every broker.
- Trade stocks, forex, commodities, cryptocurrencies, and more markets
- Choose between a diversity of time horizons (short-term – longterm)
Yield – The return of investment can be high as 95%+
As the time horizons, the yield (return of investment and profit) depends on the broker. Often there is a possibility to get a high payout of more than 90% of your investment but there is no rule for the value of the yields. Sometimes short-term trades got the highest payout and sometimes long-term trades got the highest payout. In comparison to my experience, the yield is between 70% and 95% for standard accounts.
Another way to boost the yield is to get a VIP account type. Most of the brokers offer different account types, which are linked to the deposit amount. For example, you will get a VIP account if you deposit more than 3000$ on IQ Option. Not every broker got the offer of account types but you should search for it if you plan to invest a high amount of money.
Are Binary Options risky or not?
Binary Options are risky to trade, but there are advantages why the risk is less than trading other financial products. Especially new traders fear the loss of a high amount of money. With binary trading, you can only lose your bet amount. Traders clearly see what they can lose in a trade. Compared to other trading instruments this is a big advantage because the risk is limited always.
Another advantage is that you get a high asset payoff no matter how much the market moves. The asset price just has to be above or under the entry point. Traders like this financial product because it is so easy to understand and to calculate the risk and the trade profit.
Only invest the money which you can afford to lose in the worst case.
Binary Options Demo Account – Yes or no?
It is very important for beginners and new traders to practice the Binary Options Trading. Most brokers give you a free demo account. It is an account with free virtual money. You can always recharge the account with one click. It is risk-free trading.
Every trader should learn more about the trading platform before he is going to invest real money. Also, you can learn new strategies or try out different methods on the market. First, develop your own strategy with virtual money.
Most brokers offer a free demo account.
Opening your first real account
For trading with real money, you have to fulfill different criteria. On most brokers, you can trade and deposit without verification of your account. In my opinion, every trader should verify his account before deposit money. This can prevent annoying errors and waiting times. For a full verification, you need to complete the account setup.
Sign in with your real personal data. That includes full name, birthday, real address, email, and your phone number. After that, sometimes you have to upload the required documents for the broker. The company checks if you are a real person. Upload a picture/copy of your Passport. Sometimes they require a utility bill too. In most cases, the verification only takes 24 hours or less. With some companies, you do not need this verification process.
How much money do I need for Binary Options Trading?
You can start trading with a very low amount of money. Especially on IQ Option, you can open a live account with a 10$ deposit. The minimum trade amount is 1$. The upper limit is open for your trades. Have a look at my reviews to find a broker which fulfill your requirements
From my experiences as a trader, it is possible to make a huge amount of money with the right strategy. Binary Options are the tool for trading with a small or big amount of money.
Facts about the deposit:
- Start with only 10$ in your account
- Trade with 1$ per trade
- You can easily trade with high amounts too
- The minimum deposit depends on the Binary Options Broker
Easy deposit and withdrawal
As mentioned before the deposit is easy as the withdrawal of profits. On most brokers, there are not any fees for deposit and withdrawal money. For payments, you can use more than 20 different methods. It is possible to capitalize on the trading account in a few seconds. In most cases the payout takes the time of 24 hours depends on your broker.
Payment methods are depending on the broker:
- Credit Cards (Master/VISA)
- E-Wallets: Skrill, Neteller, FasaPay, ePayments, Yandex, and more
Get a free Bonus for your deposit
The most brokers offer a free bonus for your deposit or risk-free trades. The bonus amount depends on the deposit amount. It can be a 20%,30%,50% or 100% bonus. In other words, they give you a higher bonus for a higher deposit. Furthermore, some brokers allow trading risk-free trades. If you lose a trade, the broker pays back the lost money in the form of a bonus.
The bonus is not completely free. Sometimes traders have to trade a high turnover of the bonus. For example, make a turnover of 30x of the bonus to get the bonus withdrawn. If you are not satisfied with the conditions in most cases you can deactivate the bonus. A bonus is a good opportunity to grow a bigger account and trade with more money.
Get a free bonus now
Can you really make money with trading Binary Options?
The key to your success is to get a good education and find a professional strategy. In addition, you have to control the risk with sensible money management. In this article, I showed you an insight into profitable trading with Binary Options.
It is easy to make money with Binary Options but you have to be prepared. The markets are not easy to trade for beginners and it takes time to trade profitably. You will not see success directly. From my experience educated traders do not blow up the account. They earn money constantly. Read through my other pages to get deeper knowledge.
- Education: This is the most important point for beginners. You should be prepared for the markets and know how the financial product works. There are different tutorials on the broker webpage or on my website to learn the functions. In addition, it should be easy for you to use the trading platform of your broker. Just practice in the demo account until you feel comfortable. Moreover, most brokers offer deeper knowledge. There are webinars, coachings, and tutorials. Education and knowledge is the key to making money with Binary Options.
- Strategy: Develop or learn a professional strategy for trading. You have to know what you are doing in the market. It is like a system for you which always have to repeat. Without a proper strategy, you will blow up your account. There are different ways to learn a strategy. Use the knowledge of a broker or my website.
- Money Management: most traders fail to control the risk. In my opinion, money management should be sensitive by using 0,5 – 3% of the account balance per trade. Sometime a losing streak will occur. By using sensitive money management you can trade without emotions and you can trade enough trades without running out of money.
In conclusion, you can really make money with trading Binary Options but you have to learn and invest your time in the right knowledge. The demo account is the best way to practice before you start investing real money.
Are Binary Options legit or not? – My scam review
In my opinion, Binary Options are not a scam for your money. The financial product gives you the possibility to invest in short or longterm opportunities in the market. Binary Options are so popular because they are so easy to understand and you can make a lot of money in a short time.
It is very important to choose a good broker. Some small brokers are scamming users, that’s why a lot of people think Binary Options are a scam. Definitely, it is not a scam if you trade with a safe company.
Basic trading checklist for beginners:
- Choose an asset you want
- Forecast the price movement
- Choose a variable expiry time of the trade
- Bet an amount starting 1$
- Trade a call (long) or a put (short) option
- Get profit
- Payout the profit
On this site, I have shown you how the financial product is working. I think you can easily understand it now and start trading with more security. On my other sites, you can learn more about Binary Options. Happy trading.
How to avoid scams as beginner
The problem of Binary Options is that they are not a scam, but some brokers or financial educators are scammers. Every time before you start investing real money you should do a sort of research. You should pay attention to real reviews or advice from professional traders.
Binary. com Review 2020 – Scam or not?
|(4.8 / 5)||MGA, FSC, VFSC||5$||Options, CFD, Forex, Crypto|
Do you search for trusted information and experience with Binary.com? – Then are you completely right on this website. With more than 5 years of experience in trading, I will check in this review if Binary.com is a scam or a reliable broker. In the following text, I will show you the conditions of the company and how to trade. Is it really worth to invest your money there? – Find it out in this review.
The official homepage of Binary.com
What is Binary? – The broker presented
Binary.com is a international broker for different financial instruments. On the innovative platform you can trade Binary Options, Forex, CFDs, or Cryptos 24/7 per week. Binary is based in Malta and the British Isles. Since 1999 the company has a proven track record with awards and improvements for their clients. In 2020 there were more than 80.000 active clients and the number is rising for the following years.
Binary Investments Ltd operates in the EU which is based in Malta and Binary (IOM) is based on the British Isles and acts internationally. So traders are connected to different parts of the company depending on their country. All in all, Binary.com is one of the experienced brokers for trading financial products and derivates.
Award winning broker Binary.com
Facts about the company:
- Founded in 1999
- International broker with a good track record
- Award winning company
- Based in Malta and British Isles
- International offices
- More than 80.000 active clients with 1 billion turnover
Is Binary.com regulated and safe?
Safety is one of the important factors when it comes to online trading. You can read many complaints on the internet about unregulated brokers who manipulate charts or steal customer’s money. So the first thing you have to do if you are searching for a new online broker does research about the regulation of the company.
Binary.com got more than 1 regulation and license which shows me that the broker is trusted. Have a look at the facts below. In addition, the company is debt-free and uses European top tier banks for money transactions. For customer payments, there are only regulated payment methods available.
Facts about the regulation:
- Fully regulated and registered in Europe
- Binary (Europe) Limited is regulated by the Malta Financial Service Authority
- Binary (IOM) Limited is regulated by UK Gambling Commission
- Binary (SVG) is registered in St. Vincent and the Grenadines
- Binary (V) Ltd is regulated by the Vanuatu Financial Service Commission
- Binary (FX) Ltd is regulated by the Labuan Financial Service Authority
In conclusion, Binary.com is a secure and regulated broker. There is no problem with money transactions and the company does the payouts fast. For example, in 2020 more than 150 million USD are withdrawn by clients. With Binary you can trade safe financial products and Binary Options.
Review of the conditions for traders – Huge range of options
What is Binary offering to its clients? – You can trade with different financial products more than 200 markets. If you create an account you are able to invest in Forex, CFDs, Cryptocurrencies, and Metals. The most popular financial instrument on the platform is Binary Options. It is possible to earn a high profit in a small-time horizon.
Traders can start with a minimum deposit of 5$ to open a live account. The demo account is free and unlimited to use. Trades can start with a small investment of 1$. Another advantage of the broker is that it is a userfriendly platform for cryptocurrencies. Traders can choose between a cryptocurrency account or a normal money account.
Choose your favourable market
The yield for Binary Options is between 80% and 100%. This is a very high amount and better than most other brokers. Furthermore spreads for CFDs and Forex are competitive and starting with 1.0 pips. Binary.com offers additional tools for their traders which can increase your trading profit by using different strategies. I will review that later. In conclusion, Binary knows what a trader needs to invest in the financial markets. The conditions are better than the most online brokers.
Facts about the conditions:
- Minimum deposit only 5$ and minimum trade amount 1$
- Normal accounts or cryptocurrency accounts
- More than 200 different markets (Forex, CFD, Metals, Crypto)
- Trade Binary Options, Forex, and CFD with one platform
- Payout up to 100%
- Spreads starting 1.0 pips
Test of the Binary.com trading platforms
Binary.com offers different trading platforms which I will present to you in the following section. Overall the platforms are very userfriendly and easy to use. Beginners will find exact tutorials for the trade execution.
Since Binary.com offers different financial products you can use special platforms for them. In the SmartTrader it is possible to trade any options you want with Binary. More advanced traders can use the WebTrader. There are more functions for analysis and trading available. In addition, there is a big advantage, because traders can trade more than one chart simultaneously. Also, you can invent your own automatic strategy very easy with the BinaryBot.
For Forex and CFD trading there is the well-known platform Metatrader 5. This platform offers all that you need to do professional trading. Choose indicators, analysis tools, or programs for your investment. Traders can adapt the trading platform to their trading style.
These platforms are available:
- SmartTrader for any type of Binary Options
- WebTrader for more detailed analysis and multi-charting
- Binary Bot for invent your own automatic strategy
- Metatrader 5 for Forex and CFD Trading
- Ladders for trading Ladder Options
Review of the SmartTrader
Charting on the trading platform
When it comes to successful trading charting is very important for your analysis and result of investments. Especially for short-time Binary Options or investments technical analysis can give you a very high hit rate.
Binary.com offers in its platform different types of charts. Choose between 7 different chart types. Also, the tick chart is available which is missing on a lot of other trading platforms. Traders can use free indicators for the analysis. Configure them as you want and adjust them to your chart. The SmartTrader and the other platforms offer you all types of analytical stuff to do professional and successful trading.
Charting and analysis:
- Professional charting and analysis is possible with Binary.com
- Use free indicators and analysis tools
- Configure the charts like you want
- More than 7 charttypes and tickchart available
- Drawing tools
- Comparision tools
- Multi charting
Trading Interface – How to trade Binary Options?
In comparison, Binary offers the best trading interface for its clients. In the picture below you see the interface and in the following section, I will show you how to trade on the platform.
You can see what you have to do on the platform in order to get a trade placed in the markets. For Binary Options there are a lot of different functions which configure your trade. For example, you can choose between different time horizons and expiry time. Also, it is possible to trade Binary Options based on ticks.
Trade without conflict of interest
With Binary.com you trade without conflict of interest. It is like the broker IQ Option who matches the orders intern between traders. You can see in the interface that the yield is always changing. The average yield is between 70% and 100%. The broker has to secure the risk and this affects the yield of Binary Options.
With Binary.com you trade without conflict of interest. Unlimited profit is possible.
Trading tutorial: The principle of Binary Options
On the one hand, Binary Options are very risky to trade because you can lose your investment. On the other hand, it is a very easy principle which allows you to make a high profit in a short time horizon. For beginners, there are good explanations of the trading principle on the homepage of Binary.com. In the following text, I will show you how to trade the financial product correctly.
How to trade Binary Options
Traders can bet on rising or falling markets. It is possible to trade Forex, commodities, stocks, or cryptocurrencies. The advantage of Binary Options is that your risk is limited with the chance of a high profit. Furthermore, the price has to be only one point above or under your entry point. Just choose the expiry time of the trade and make a forecast of the price movement.
Step by step tutorial:
- Choose a market and analyse the chart
- Choose your investment amount
- Make a forcast of the price movement
- Choose a expiry time
- Invest in falling or rising prices
- Start trading
- Earn a high profit or loose your investment
Trade automatically with the BinaryBot
Binary.com is one of the few Binary Options Brokers who allow automatic trading. On the platform BinaryBot, you can create your own automatic strategy. The platform offers you the options which you need to create a system. From my experience, it is not easy to create a bot for beginners. You have to know about programming.
Programm your BinaryBot
Beginners can watch tutorial videos on this special topic or can even ask the support for service and help. The BinaryBot offers you different options to implement in your strategy. You can invent any strategy which you can formulate into speech.
Programm your own automatic strategy:
- Trade definitions for Binary Options
- Tick Analysis
- Implement indicators and analysis tools
In conclusion, the BinaryBot is a very good chance to earn a high and passive profit from the markets. I mentioned it earlier that Binary.com is on of the few brokers who allows automatic trading and this is a huge advantage for the company.
Professional Forex and CFD Platform Metatrader 5
Metatrader 5 is the most popular platform for Forex and CFD Trading. The platform is available for any device and you can start trading with Binary.com. You only need one account for the platform on any device.
The platform is like the WebTrader but you can configure more tools and functions. In addition, this platform is only available for Forex and CFD. It is a different financial product like Binary Options. It is more complicated to trade there but with some practice, you will understand it. You can invest in different assets and buy or sell them with high leverage.
The platform offers a huge range of tools for your trading. In addition, you can implement extern tools and install them if you want. Use indicators and analytic tools like in the other platform. Each tool is configurable. Furthermore, the handling of the order executions is simple and transparent. You can limit your risk with the stop loss and take a profit.
Facts about the Metatrader 5:
- For Forex and CFD Trading
- Available for any device and you only need one account
- Unlimited indicators and analytic tools
- Technical Analysis
- Automatic trading possible
Increase your profit with Ladder Options
The last platform I will present you is the platform for Ladder Options. This is a different type of Binary Options. It is the same execution tactic but you can earn more or less profit than Binary Options. The difference between these two financial products is that you can choose your entry point at a certain price.
That is why it is called “Ladder Options”. At the end of the trade, the price always has to be over or under your entry point. Ladder Options allow you new strategies because there are different barriers that you can choose.
The yield depends on your barrier (entry point) and is higher than 100%. From my, experience it is better to manage your risk because you can do less risky trades if you choose the right barrier. If you choose more risk the profit can be much higher.
Facts about Ladder Options:
- Same principle like Binary Options
- Choose between different barriers
- Different profit is possible
- Trade with less or higher risk
Mobile Trading: Binary.com Tick App is available
If you want to trade with your mobile device, it is possible with Binary.com. The platforms are available for mobile. You can install the Metatrader 5 as an app or use the Tick App for trading. The advantage is that you need one account for any device. You can trade with your computer and use the app at the same time.
Nowadays mobile trading is very important because more and more people use their smartphone daily. With Binary.com you can check your portfolio and trading positions at any time. React to economic or political news within seconds and trade the markets. In conclusion, the app completes the offer of the broker.
Facts about the App:
- Apps are available for Android, Apple (IOS), and desktop
- The Metatrader 5 is available as app
- Check your portfolio any time
- Customizeable like the WebTrader
Free and unlimited demo account (virtual account)
The demo account is the best way to practice trading on the platform. It is an account with virtual money which simulates the real trading. Beginners can trade freely and without risk the markets. I recommend using the demo account first before you start with real money.
Traders can gather knowledge about the platform and trade execution. Furthermore, it is important to practice and earn profit in the demo account. Advanced traders can try new strategies or markets to trade. In conclusion, the demo account is the best way to improve your trading and learn about the platform. Binary.com offers this account type free and unlimited.
Facts about the demo account:
- Filled with 10.000$
- Practise trading without risk
The demo account is the best way to improve your skills.
How to create your trading account:
It is very simple to open an account with Binary.com. Just insert your email address and get started. Also, it is possible to use your google or facebook account to sign up. For real money trading, the broker needs more information about your person. Fill out the form before you deposit and withdrawal.
Binary.com is a regulated company and as a result, they have to check your identity. Just upload a picture of your passport to get started. There are no account fees for you and the account opening is simple and fast.
Easy and fast account opening
How to deposit in Binary.com?
For a deposit, you can use more than 10 different payment methods. Sometimes the payment method is depending on your country but you will see that in your account dashboard. The minimum deposit for start trading is only 5$. There are no fees.
Most payment methods are electronic. That means the money is credited directly to your account balance. Also, you can use cryptocurrencies for the deposit. The account balance is available in cryptocurrencies too. Compared to other brokers it is a huge advantage.
Facts about the deposit:
- Minimum deposit 5$
- More than 10 different payment methods
- Cryptocurrency account is available
- No fees
Review of the withdrawal
As I mentioned before there is no conflict of interest with the broker. Withdrawals are working correctly and you can easy withdraw you profit. The minimum withdraw amount is like the deposit amount only 5$. There are no fees or hidden costs. But how long does it take to withdraw from Binary.com?
Normally it takes up to a maximum of 3 working days. The broker will accept your withdrawal after 1 working day but with some methods the payment processor needs some time. All in all, deposit and withdrawal are working very good with Binary.com.
Example of payment methods
Active payment methods:
- Bank Transfer (Minimum amount 500$)
- Internet Bank Transfer (Minimum amount 25$)
- Credit Cards (Minimum amount 10$)
- Skrill (Minimum amount 5$)
- Neteller (Minimum amount 5$)
- WebMoney (Minimum amount 5$)
- PaysafeCard (Minimum amount 5$)
- Stickpay (Minimum amount 5$)
- Bitcoin (Minimum amount 0.002)
- Ethereum (Minimum amount 0.01)
- Litecoin (Minimum amount 0.1)
- Tether (Minimum amount 1)
Support and service for traders
Binary.com offers real professional support in different languages. From my experience, it is the leader in technology and trading investments. More than 200 employees work for this company. There are offices worldwide which are working 24/5 per week.
If you got questions you can ask for help through the chat, phone, or email. Also, there is a big FAQ and help center for beginners. The support is working professional and fast. So customers should feel comfortable with it.
Professional phone support
Facts about the support:
- Available 24/5
- Chat, phone, and email
- Professional educated employees
- FAQ and help center
The broker accepts traders from anywhere without the countries USA, Canada, Hong Kong. All other traders are accepted. The main audience is in Asia, Europe, and Africa. The broker always tries to improve the offer for traders and the support languages are now available in Chinese, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Thai, and Vietnamese.
The most growing countries for traders are:
Conclusion of the review: Is Binary.com legit?
Due to my research, I can confirm that Binary.com is not a scam broker. It is a fully regulated company which is founded in 1999 and since this year it is one of the most competent Broker for Binary Options. Start trading with the best technology for earing a high yield. Whether you want to invest short-term or long-term Binary.com is the right broker for you.
In conclusion, the facts about this company are speaking for themselves. I highly recommend using this company if you want to trade seriously. Also, I found no complaints about the broker on the internet.
The advantages of Binary:
- Full regulated company
- Working since 1999
- The best technology for trading
- Huge range of markets and options
- High yield up to 100%
- Small minimum deposit of 5$
- No hidden fees
- Professional support
Scams and Blacklist
Scams are unfortunately all too common in the field of binary options. Dishonest brokers and reviews, or rigged robots and other auto trading services – the scams can come in many forms. So we feel it’s necessary to create this blacklist and list all known frauds and dishonest techniques in one place. We also go through the steps you can take to identify a potential scam and how to deal with the situation after the fact if you’re already a victim. If you know or suspect something is a scam, and we’re missing it on our blacklist, please let us know and we will look into it!
Why Are Stories of Scams So Common?
When any new financial instrument or form of trading first emerges, a whole range of businesses tend to get involved. It’s a fact of life that some of those product providers are going to be more trustworthy than others. This is certainly true of binary options. It is, after all, an accessible and popular method for individuals to trade the markets. What’s more, at least in their early days, binary options trading platforms tended to operate under the radar of the regulators and from any country over the internet – so it’s hardly surprising that unscrupulous operators seek to take advantage. Thanks to better regulation, a strong online trader community and honest reviews, it’s now a lot easier to tell a scam from a legitimate broker. But as with any international online marketplace, there are still some shady outfits who will leave you with less than you bargained for. So what are red flags to look out for? Here are the points to consider as you go about choosing your binary broker.
MyChargeBack.com are a company who specialise in helping binary fraud victims recover their money. They liaise with bank or credit card firms in order to get charge backs made to reclaim deposits. They will tell you if you have a valid claim via a free consultation.
Are Binary Options A Scam?
The term “scam” covers a wide range of behaviour, from providing misleading information to lure you in, through to vanishing account balances – and even dishonest trading advice. Likewise, a particular broker might not be technically fraudulent in its behaviour; it’s just that the service available on the platform (such as highly unreliable uptime or failure to reimburse funds in a timely manner) means that this is a broker that really ought to be avoided.
In all of these cases, the problem isn’t with binary options as a concept, it’s with the broker.
So it’s a matter of doing your homework before you commit to any particular platform. User reviews can be helpful (if they are genuine), but always treat such reviews with scepticism – and never make a decision on the basis of testimonials published on the broker’s website. Even trader forums can be problematic – look closely and you’ll often find that the forum is an offshoot of a particular broker’s website. Independent, thorough and comparative reviews are the safest way to ‘scam-check’ a broker. Ideally, focus on review sites that allow and encourage real-life users to get in contact and report and problems with particular brokers, so you can be sure that what you are reading is up to date.
Trusted Brokers in Russia
Below is an always up-to-date list of our top 3 trusted brokers. You can find a list of all the brokers we recommend here.
The UK’s Financial Conduct Authority (FCA) does now regulate binary options. They have already created a list of unauthorised firms. While they are not calling them scams, they are making it clear that these firms are breaking the law by trading with UK visitors – so they are best avoided. The full list can be found here: FCA Unauthorised List
By contrast, the USA along with most other EU countries do regard binary options as financial products. Depending on where they are based, many platforms will, therefore, be subject to oversight from a regulatory body. Examples include the CFTC in the US and CySec in Cyprus. A platform’s regulatory status can be a highly valuable trust-indicator for traders seeking to avoid scams. It shows that the broker has to abide by certain minimum standards when it comes to service and transparency.
Marketing “Too Good To Be True”
Taken in isolation, the act of placing a trade should be a straightforward one; and indeed, the usability of a platform tends to be a big selling point for brokers. Although this aspect of binary options is “easy”, it’s something quite different to claim that profits are guaranteed. Realising a profit through regular trading requires knowledge of how markets behave, the ability to read market conditions and an understanding of strategy. If the risks are downplayed – or outright false assertions are made (along the lines of “95% trades are successful”), these are false assurances. It’s a sign that the broker may be less than scrupulous in other important areas and that the platform ought to be given a wide berth.
Terms and conditions
Transparency is essential. Read the smallprint, and be especially wary of needlessly convoluted procedures for withdrawal of funds. Terms regarding your initial deposit can be another source of contention; for instance, if you are denied access to the deposit until a certain number of trades are made – so your money is tied to the platform from the moment it is handed over. This deposit retention is often part of wider terms associated with a ‘bonus’. CySec have sought to ban these sorts of terms by stopping the use of ‘deposit match’ bonuses. Non-CySec brands are still free to use them however, so T&C’s must always checked.
These tend to fall into two categories. The first is where you are called out of the blue and invited to sign up to a particular platform. The second occurs where you are already tied to the platform and you receive a call (or email) from a “senior broker” pointing you in the direction of particular trades. Reputable brokers do not need to make cold calls. Bear in mind “cold calls” might include emails too – any form of unsolicited approach should be considered a “cold” contact and be treated with extreme suspicion.
You should always be clear about who you are dealing with. In some situations, you might visit what appears to be an actual broker’s site, click the link to sign up only to be redirected to another broker. Alternatively a trading “service” may dictate that you use only their recommended broker. These “funnel” sites are sometimes used as a front by brokers with a poor reputation, or are working alongside them to dupe visitors (often using the misleading marketing mentioned above). A good broker will be upfront about its identity from the outset.
It’s one thing for a broker to give you access to the data and analysis tools to work out your own strategies (in fact, this is one of the signs of a great platform). It’s quite another for that broker to also offer trading advice. After all, with ‘over the counter’ binary options brokers, you are betting against the house; if the ‘house’ is making the trading decisions for you, it’s hardly likely that those decisions will be in your best interests. This form of “upselling” is often the most lucrative for the broker, and is usually the where traders lose the most. Encouraged by an “account manager”, traders are advised to deposit beyond their means and to over trade. On occasion large accounts will be wiped out in hours. The “advice” goes against any sound money management, and increases risk hugely. Always take responsibility for your own trades. Never allow a broker to make trading decisions for you.
There has to be a fair and transparent benchmark against which the broker sets its prices. This benchmark should be what’s happening in the real world; i.e. real-time market prices. If the broker reserves the right to set its own prices, you can assume that those figures will be skewed against you; in other words, a loaded deck.
Scam Brokers and Not Recommended Operators
The brokers listed below have generated a lot of complaints both directly and on the forum. The disputes vary from upselling and encouraging traders to over trade, to non-payment of withdrawals and price manipulation. There is little recourse for traders to raise a dispute with unregulated brokers, so it is generally advised that you look for trusted binary options brokers – preferably regulated in your own country where possible. “Scam” has become widely used as a term to refer to any form of poor service, but it should be noted that many of these brokers may have done nothing dishonest or illegal, but have attracted higher than normal levels of complaints. If in doubt, trade elsewhere. There are plenty of honest brokers out there.
Robot And Signal Scams
These signal providers, or robot services, are either scams or not recommended for other important reasons.
Instagram And Facebook
Beware of scams operating on social media. Again, binaries are not a get rich quick scheme. There are a huge number of accounts promising to trade on your behalf and turn $2k into $8k in a week. If these claims were true, the people behind them would not need to be running ads or signing people up – they would simply trade themselves.
Screenshots of successful trades are exceptionally easy to get – even genuinely. But these operators are unlikely to even bother trading – once you send them money, it is gone and you will not hear from them again (unless they think they can get you to deposit more). Always select your own broker, and always take responsibility for your own trades – dont let someone else trade on your behalf. If you do not understand binary options, or do not have time to trade – then do not trade at all. These scams often prey on people who lack experience.
What To Do If You’ve Been Scammed
Do you think you’ve fallen prey to a binary options scam? Read on to find out what you can do if you’ve been scammed. There are many ways to help ensure that you don’t fall prey to a scam but the reality is that even if you follow all those tips there is still a possibility you will be scammed. If that happens, what do you do? Do you sit back and take it? Do you give up on trading? No, you need to stand tall and look out for yourself. Trading is good, it is rewarding and can lead to a life in which you don’t have to go to a job and punch a clock. You can’t let the actions of one broker, signal service, robot or guru dissuade you from that path. This article is a look at what you can do if you think you’ve been scammed. It’s likely that once an issue arises you won’t be able to get your profits, it is possible to get back your initial deposit but it might take some work.
MyChargeBack.com are a firm specialising in helping victims of binary options fraud. They help claimants to explain the incident to the bank or credit card company, so that they fully understand what has happened. Some banks are unaware of binary trading and are unwilling to listen to claims. MyChargeBack help in this situation. They have a solid record of recovery from genuine claims.
If you are not yet looking for third party help, here are some steps you can take yourself:
- Document everything. The very first thing to do is to make records of everything you can. This includes the brokers, or SSP’s, terms&conditions, copies of any emails/Skype/live-chat you have had with them, confirmation of your deposit, turnover requirements for bonuses and your trading history. No matter what you do next, this information will be required in order to get satisfaction. What you do next will depend on the type of scam you have fallen prey to.
- Try to withdraw. Broker won’t let me withdraw. Contact the broker and try to find out why they won’t let you withdraw. The most usual reason is that you’ve not sent in the right ID documentation, something required by international law, and is an issue easy to fix. The next most pressing reason why withdrawals are not allowed is due to bonus terms and turnover requirements. If you haven’t met conditions you will not be allowed to make any form of withdrawal which is why you want to keep track of all your trading volume and turnover. If you didn’t accept a bonus in the first place your documentation will help you prove it. A good broker will try to solve your issues, a shady one will give you the run-around.
- Make your voice heard. Broker keeps giving me the run-around. If your broker is giving you the run-around and won’t address your issues the next best avenue for satisfaction is to let the community know what is going on. After all, it is the squeaky wheel that gets the grease. You can do this by posting complaints, with details, in forums like the one here at Binaryoptions.net. When you do this be sure to let the broker know and send them a link. They may not care, a sign of a shady broker, but when it comes to reliable brokers they will want to address your problems to avoid poor publicity. When posting complaints give as much detail as possible, just saying that a broker scammed you is not enough, proofs of fraud are what get results.
- Contact their payments provider. The broker won’t help, now what? At this point the chances that you have been scammed, and not just suffering from miscommunication, are quite high. If you can’t get satisfaction from the broker you will have to take more drastic measures. If you deposited by credit card this may mean calling the card company and requesting a charge-back. Let them know the initial charge was fraudulent and that the company in question is not returning your contact requests for best results. The Times Of Israel reported that a victim of fraud was able to get a full refund of his deposit after contacting the financial institution that processed the brokers payments. They withheld payments until the broker satisfied the claims.
- Contact the regulator. Time to call out the big guns. The great thing about expanding binary options regulation is that there is an alternative for many traders who think they’ve been scammed, you can contact the regulator. In some cases this can be a challenge as many brokers are located off-shore and hidden behind holding companies and virtual offices so be sure to do your homework. If the broker is regulated contact the agency overseeing them, if they are not regulated contact the agency which oversees financial regulation in your country. If the broker is regulated they will have to address your issue, to the satisfaction of all parties, in order to remain compliant. If they are not regulated at least you can be assured at least they will have a harder time scamming any more people from your country. At best cooperation between regulators could result in the broker being shut down for fraud.
- Be persistent. Shady brokers like to hire people who are good at deflecting questions and complaints, don’t accept what they are telling you. It may take time but eventually you will talk to the right person, or persons, and your case will be addressed. What is most likely to happen is that the combination of your contact requests, forum complaints and charges with regulators will add up to one thing, the broker giving you your money back to avoid a much bigger hassle.
How to Spot a Trading Strategy Scam
The internet is loaded with ads, articles, companies and individuals trying to provide you with the next big trading strategy that will make you rich overnight. Take pause my friend, here are tips to help you spot the scam.
A System or Only a Strategy?
First and foremost, trading strategies aren’t really going to help you become a good trader. What you actually need is an entire system. When you make a trading plan it needs to cover how you will enter markets, exit markets and how you will manage your money. It also needs to tell you under what market conditions you do all these things. That is a system, it tells you everything you need to know about how you will trade. A strategy on the other hand only tells you when to enter and exit, and may not tell you under what conditions it works best or poorly. It also may not provide guidance on position size or whether you can trade multiple assets at the same time – issues which are very important to address. In other words, a strategy may have missing pieces of information you need to be successful. We need a complete trading system…but marketers are smart, so they can easily just call the product they are selling a “system” to make it sound more complete. But is it? Here are several things to watch for which could tip you off the product is probably a waste of money:
A boxed system is one where you don’t get to know how the strategy works – it’s an opaque “black box”. For example, the product may just be a series of indicators or a service that tells you when to trade, but not why. This isn’t going to make you a better trader, because you don’t know what is happening behind the scenes. If a product or signal service stops operating you are left with nothing. Even if you made money with the product/service you have to start from scratch all over again. Make sure if you buy something it explains how it works, so that eventually you don’t have to rely on the product/service.
Extremely High Win Rates
Is it possible to have a 90% win rate? Absolutely, yet it is also possible to lose money with a 90% win rate. Stats are easily manipulated to tell partial truths or fabricate lies. Other popular tactics are saying things like “Made $500 in one day!” So what? That doesn’t actually tell you anything. If that was on a $1,000,000 account then making $500 isn’t so grand. And if they lost $3000 they day before, then making only $500 today and bragging about it is rather paltry. Read between the lines. What isn’t being said? To understand performance you need several bits of information: Account size (capital), percentage return, amount at risk on each trade, amount of profit per trade, win/loss ratio, biggest winner, biggest loser, average winner, average loser, number of trades and period over which the strategy was tested/profitable.
There are also some other metrics that could help you out, but if you ask the company for these bits of information, and they can’t or won’t give them to you, be suspicious. You can usually get a sense of what vulnerabilities and tendencies a system has by looking at the above stats. One of the main things is that the strategy should be tested over a long period of time, and in all market conditions–up trends, down trends, ranges, volatile and sedate conditions. It doesn’t necessarily have to profitable in each of these environments, but it should have at least been traded through them all so you know that the system is profitable overall. Often marketers will only publish results for a period where strategy did very well. But this doesn’t give you a real idea of how the strategy or system works over the long-term.
- Related to stats there is something else you need to consider. If a system is profitable, that result is based on all the trades. If you buy the product or the service, are you going to trade them all? On issue many traders face when subscribing to a signal service is that they don’t trade all the signals. If you don’t trade all the signals then your personal results could be dramatically different than the typical results of the service.
Only One Direction
Avoid a system that only trades in one direction, for example only buys assets but won’t short sell them. Markets rise and fall, you want to participate in both trends.
No Trial Period
You should be able to test a product and be able to cancel without a fuss if the service isn’t for you. Usually a quick trading forum search on Google will reveal what others have shares about a product or service. No trial, no deal. Don’t trust anyone, test things out for yourself. If they won’t let you, then be wary.
Final Words on Identifying Scams
A product or service shouldn’t make you reliant on it. It should show you behind the scenes so that eventually you can trade on your own. Good products will always have customers since there are people who don’t want to do the work themselves, and there are always new traders. There is no reason to make every customer totally dependent. Be wary of stats that are thrown out. Ask yourself what the stats aren’t telling you. Also, if the stats they provide are legitimate, then you’ll need to trade all the signals to take advantage and get results typical of the service. Of course remember though, past performance is not indicative of futures results. That is way it pays to do some homework, and make sure the strategy/system/service/product is based on a long history, and has proven itself profitable over all types of market conditions. Test out a product/system/service before buying it. If they won’t let you try, be suspicious.
Case Study – JV Affiliate Marketers
In this section we will look at how you can avoid being scammed by Binary Options JV Affiliate Marketers. Its not so hard, but requires you to let go of your emotions and examine things in a logical manner, as many of the scammers use emotional greed/fear tactics to get your money. Once you understand this you can quickly and simply save your time and money with these unscrupulous dolts. Some scams are simply comical in how stupid they are, while others can be very well done con jobs that lure you in with seemingly genuine people/systems/reviews which later you find are the exact opposite, as you look at your $0 balance wondering “Where did my money go!?”.
As you will see in the numerous scam videos, all you have to do is “NOT DEPOSIT” then these scams no longer work. So next time you see videos that are of a similar nature, just know they are supporting scam systems/marketers. Understand if they require a deposit they are fly by night and even if they were not they are supporting the scammers by the nature of requiring you to deposit with a new broker. So just refuse to deposit and they go away. Not the same stories kind of stories and promises over and over all to get you to sign-up to their “free” system/bots… They are not free you have to deposit and they get paid on those deposits… So remember limited time/fast money/can’t lose!/just fund your account = don’t do it!
In this image above you can see many of the scam systems are connected to each other on the same servers most often. These JV marketers have tons of these turnkey scams as they are very low maintenance. The reason you see so many of them is after a few weeks of the new story line wares off and becomes boring they will start production on another one and keep it all fresh and new thus avoiding the wrath of their old scams being complained about and those complaints shared with others. If they keep it new they avoid this along with the fact most newbies jump from one scam to another hoping one of these will work, which none of them do because trading is a learned skill/job… So again, understand their stories and how they work, and don’t deposit .
Case Study – Scams on Social Media
Social media is a “perfect” platform for scammers and can be even more insidious and convincing, and unlike the JV marketers these people will talk to you directly, but only to a point. Once they figure they can’t get any more from you or you no longer have value to them, they will un-friend you in a heart beat. The one thing they are all after is your money, so be on the look out for them asking for deposits or sign-ups telling you about amazing profits and opportunities, which will have you end up with empty pockets. Videos such as those used with both “The Green Room” and “FB Wealth Group” will pretend to be traders/friends, while they are really just out to get your money through either signups or even trying to have you pay them directly.
Also – if you see them mention anything MLM (Multi Level Marketing) related, they are trained to lure you in, so run the other way. These people don’t play around and will say whatever is needed to get you to sign-up and invest. There is a 45 minute long interview of a person that was scammed by both “The Green Room” and “FB Wealth Group”. We named it Binary Options Horror Story because that is exactly what it is in all its gory details. If you are new to binary options read, and absorb the above warning signs fully to see how they scammed people out of their money so it does not happen to you. Notice also how the worked with the brokers directly, which implies that they can be directly involved as well.
Scammers will repeat the common element of wanting you to deposit or even asking for money directly and from there you can tell them “no thanks” and make sure to unfriend them.
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