BinaryOnline is the latest and recently established, binary options trading platform to enter the online binary trading scene. Managed by a holding company based in the Marshall Islands called Zolarex Ltd, BinaryOnline is a binary options broker that aspires to offer their traders an incomparable trading experience. The broker is committed to delivering a high level of service to their traders that is unparalleled elsewhere in the industry. Supported by a customer support team that is available on a 24/7 basis, BinaryOnline is a broker who is serious about your growth.
Trading Platform
One of the key attractions of BinaryOnline when compared to other binary options brokers in the industry is their intuitive proprietary trading platform. Besides from enabling you to trade binary options, BinaryOnline’s trading platform also enables you to conduct copy trading. This is the first binary options trading platform in the industry which comes with an integrated copy trading feature on the platform. With the copy trading feature, less experienced traders can easily emulate the trades of their more experienced counterparts.
Unique Features
Apart from the copy trading feature, another unique feature about BinaryOnline’s trading platform is the “Trader Trends” indicator. This indicator shows the percentage of traders that are bullish or bearish for the particular asset being traded. Another cool feature is rebate indicator. Most binary platform only illustrates the payout that a trader will receive if his trade closed in the money. In the case of BinaryOnline’s trading platform, traders can also see how much they will receive in terms of rebate if their trade closed out of the money.
Trade Types
With the BinaryOnline’s trading platform, traders can trade the markets in 5 different ways:
- Classic High/Low options
- One Touch Options
- Range Options
- Hyper Options
Trading Accounts
In order to cater to a diverse trading community, BinaryOnline offers 4 different types of trading accounts.
- “Takeoff” Trading Account
Min deposit $250
25% welcome bonus
Daily Market Analysis
Regular Webinars
- Standard Trading Account
Min deposit $2,500
50% welcome bonus
Daily market analysis
Regular Webinars
Free trading signals for 2 weeks
- Premium Trading Account
Min deposit $10,000
75% welcome bonus
All the benefits of standard trading account
Personal Advisor
3 weeks free trading signals
10 risk free trades
Expert trader guidance
Higher Payouts
- Elite Trading Account
Min deposit $50,000
All the benefits of premium trading account plus more
Payout Ratios
As for the return on investments, BinaryOnline offers a maximum return of up to 85%.
Asset Index
Currently, BinaryOnline have 70 different types of underlying assets available for trading. They cover all the major markets including forex, commodities, indices and stocks.
Customer Support
For customer support at BinaryOnline, traders can contact the support team 24hours a day 7 days a week, the mode of communication include email, live chat and the telephone. For the traders’ benefit, localized telephone support numbers are provided for traders based in the UK, U.S and Australia.
Pros
- Advanced Trading Platform
- Choices of Trading Accounts
- Copy Trading Supported
- Dedicated Customer Support
- Localized Support Provided
- Mobile Trading Available
Cons
- Limited Educational Materials
- Limited Number of underlying assets
- Localized support for 3 countries only
- Not Regulated
Conclusion
Although BinaryOnline might be a new broker, it has definitely shown itself to be capable of providing traders with the necessary infrastructure. Their trading platform is one of a kind and that itself is a key attraction of BinaryOnline. Other conveniences such as multiple choices of trading accounts and 24/7 customer support definitely helps to make BinaryOnline a more attractive broker to traders.