BinaryOnline – forex trading platform review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

BinaryOnline Review – is binaryonline.com scam or good binary options broker?

Basic Information

Minimum deposit Min./Max, bet size Payout % Welcome Bonus Trading platform
$5 / $5 000 Up to 81% From 25% to 75% Web-based

BinaryOnline is a binary options broker, offering trading in currency pairs, commodities, indices, and cryptocurrencies on their in-house web platform. It operates without a broker license.

Otherwise, BinaryOnline’s website is rich in content and with nice design. There is also extensive educational section. All accounts, instruments and platform features are well-described.

Trading Accounts

BinaryOnline offers its clients a choice of several account types, depending on the initial investment:

Account type Min. initial deposit Welcome bonus
Takeoff $250 Up to 25%
Standard $2 500 Up to 50%
Premium $10 000 Up to 75%

Standard & Premium account holders get personal trading advisor and 2 – 3 weeks of free signals trading. The broker also offers swap-free (Islamic) services.

The Company. Security of Funds

Founded in 2020, BinaryOnline claims to operate in over 100 countries and to have more than 200 000 registered users. According to the information on the broker’s website, the brand is owned and operated by Zola Ltd. – a company based in Bulgaria, which does not hold a brokerage license. Although operating without proper authorization is not uncommon in the binary options industry, we advise traders to choose their brokerage very carefully. There are many scams out there, targeting mostly unexperienced traders, and most of them are not regulated.

That is why you’d better choose a broker regulated in Cyprus, for example, where CySEC exercises certain supervision and control and where your money is protected by the Investor compensation fund up to $20 000 in case something goes wrong.

Trading Conditions

Trading Options: Call/Put, Long term, 60 seconds, Ladder, One Touch, Pairs, Builder, Limits, Tradereplica

Assets: Currencies, Stocks, Indices, Commodities, Cryptocurrencies

Expiry times: from 60 seconds (60 seconds) to 1 year (Long term)

Minimum Initial Deposit

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

The minimum initial deposit for clients of BinaryOnline is $250, which is a bit high for an unregulated broker. In comparison, in order to open an account with CySEC-regulated NenX, traders have to invest just EUR 10.

The minimum bet size with this broker is $5 for 60 seconds and $25 for classic options, which is average for the industry. Of course, there are brokerages offering lower minimum bet sizes – with NenX one can place a trade with just EUR 1. Such low minimum bet sizes allow for better risk management.

BinaryOnline’s payout amount for standard binary options is up to 81% on EUR/USD, while returns for 60 second options are up to 70%. Returns up to 81% are on the lower end of average. In comparison, NenX offers high payouts, reaching 92%.

Trading Platform

BinaryOnline’s web trading platform has a standard interface and is easy to use. Mobile application is also available.

Apart from the standard trading options (such as Call/Put, Long term, 60 seconds, Ladder, One Touch, Pairs), there is Tradereplica option. This is a social trading feature, where successful traders are rated, and where other users can follow them and copy their trades.

In addition, BinaryOnline’s platform also has additional features to help traders make informed decisions. These include Trader choice, which allows you to get a glimpse of the direction trades have been placed by other traders, and Trendify, which enables users to effortlessly make use of the RSI, Moving Average and Boiling Bands.

Welcome bonus with this broker is up to 75% of the initial deposit, however, it is available to clients of BinaryOnline who deposit at least $10 000. Takeoff account holders get a welcome bonus of just 25% of their initial investment.

Methods of Payment

There are several payment methods available to BinaryOnline’ clients: wire transfer, and credit/debit card payments. The minimum withdrawal amount is $100.

Conclusion

BinaryOnline is a young binary options broker with rrather extensive product portfolio and nice website. However, it is not recommended, because it is not authorized to provide brokerage services. Besides, the payout amounts it offers are not the highest in the industry, while the einitial deposit it requires is not small. To sum up the above:

Pros Cons
Rather extensive product portfolio Not regulated
Nice website with rich educational resources Comparatively high initial deposit required
Payouts are not among the highest in the industry
Attractive bonuses available only to clients who deposit more money
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK FCA Web €29 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for BinaryOnline

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Binary Online (now Finarix.com) online is a conned trading website!!

Yes, Is confirmed this Binary Online had changed to Finarix.com to hide themself from being caught and block from the Authorities. Please stay away from their scamming tactics and I am a victim to it. Their trading website seems very impressive but, the BIGGEST scam is you can never withdraw your money back and their keep on convincing you to increase your deposits. PLEASE BE VERY AWARE NOT TO DEPOSIT YOUR MONEY INTO THIS CONNED WEBSITE.

Binaryonline.com is now Finarix.com and is still scamming people!

Please be aware Binaryonline.com is now Finarix.com and still operating unregulated and scamming people.
Withdrawals is a hassle and a haggle.
STAY AWAY!!
Dont get cheated.
Thank me later.

Biggest Sam

Binary online is the biggest. Scam.I invested a lot of money through a broker who advised me to rather invest with algo trader because trading manually,because I was losing money.

They then registered me an account.

The profit was then going well.And then the broker I was working there suddenly was gone. They then transferred a new broker. At first we had a problem language barrier. But yet I was asked to put more money in. I refused.when I asked for a with withdrawal they froze my account immediately and even the support team I couldn’t get an answer.yet every week algo trader still sends me updates every week.I did not get anywhere responders from anyone.

I lost 1000USD

Binary is 100% scammed, i lost 1000USD,
i no fear now to say this they are know how to cheat you, don’t ever put monies with binary option

recovery i never believed i could get my money back!!

The people working at Banc de Binary are the biggest scamster in binary options. I have learnt the hard way and lost all my savings. The best option is to learn and educate yourself. There is no easy way to make money, I was shocked when binaryoptionassetrecovery ,. Comm got my money back, to me it was a gamble that not everyone is this lucky.

Taken for every Penny

I lost ВЈ500 in only 25 minutes with their proposed investments . total scam AVOID AT ALL COSTS

Binary online is a scam. Don’t put your money to binary online you cannot withdraw your money.i have so many request of withdrawal but all declined.

Scamed

Stay Away from Binaryonline, its impossible to withdraw your money.

Account ID number 309671 i have twice tried to withdraw my money and it was
canceled by someone called Andy

Get your money back by cancel within your Credit Cards

I did sign up, traded twice guided by BinaryOnline and passed my concerns onto the support, the consequence – my access to the web portal and account has been suspended. The only way to get the money back – I cancelled my credit card and re-called the transaction. So – no financial loss but a warning for you,
KNOW WHAT You ARE DOING!

Scam – Impossible to withdraw

Impossible to withdraw any money!
Don’t accept any bonuses!
Stay away from them!

My personal experience is:

BINARYONLINE IS SCAM.

I have been scam for US3000

I think I have been scam for US3000 as they are now not acknowledging my request to withdraw my account. Before I deposit the money in, I would get phone calls at least 3 to 4 times a day and with a very hustle way to get to my credit card. After the deposit is done there are issues that the website was down, the manager was away on sick leaves, promise to call but never get to call me anymore. The chat customer services only become a pacifier to the irate client. But no follow up on their side. The customer success manager has been passing my case to three different people to handle yet all three has the same tone of voice and accent.

What can I do or we do to stop this or report this scam so no more people can be conned by this people. How?

binary online

Most certainly a scam, used the names of Richard Branson and Elon Musk in a Facebook link to attract investors, I got caught unfortunately, after registering the link to their Android app would not accept my password, they have now since removed this off playstore, I was struggling to trade and they called me asking me for my user password, this got me suspicious and requested a refund and now they are not responding, prior to this their calls asking me to invest more money were nothing short of harassment

BinaryOnline fraud

It seems to me that BinaryOnline has completed his program and has cursed all his naГЇve clients. Do you know something more? Can anybody help the deceived? Regards Zeljko

BinaryOnline clauses and poor service

Please add in this the clause, that if you deposit money and then realise, “not this is not legit (or for me. )

“The second clause of the Section 12 reads as follows:-Clients must imperatively place at least 5 transactions on the platform following their first deposit. Failure to do so will void any withdrawal requests”

or Jones
Support Agent
Good
Hector Jones
Hello. How may I help you?

Michael Wagner
10:02 am
HI Hector as per my mail. I have done the 5 trades now I want my my money back. I assume I am sure correctly that the trades that I lost were part of the matched bonus that binary online gave me when I signed up
10:03 am
please advise where the withdrawal form is
Hector Jones
For a convenient assistance, kindly provide us with your BinaryOnline account number or your registered first and last name, found on the top right hand-side of your account.

Michael Wagner
xxxxxx
You rated our customer service as bad.

Hector Jones
We will locate your account and get back to you in a moment.

Meanwhile, it is so unfortunate that you are wishing to withdraw as the Financial Market is really favorable at this point of time.

Other traders are as such collaborating actively with their Customer Success Managers and we would wish for you to walk on the sam path.

However, be advised that your Customer Success Manager will still be assisting you if you retain your decision.

Michael Wagner
yeah right! Read your emails. I have requested a call 5 times!
Just get me the form please
And again I expect the full $250 back as I was supposed to get $250 as a trading bonus
Hector Jones
Alright Michael. You will have to place a withdrawal request in your account then.

Please refer to this link to place a withdrawal request:

https://www.xxxxxxxx
Login into your BinaryOnline Trading AccountHere you can login into your BinaryOnline account safely & securely.

Michael Wagner
I have put in the request for the $250
i doesn’t seem to be doing anything
oh yes now its saying I don’t have 250!
what happened to my trading bonus. “Mr Wagner if you sign up with me right now we will also match your initial deposit”
Hector Jones
Yes sure, Micheal but it is only when your account is full that you will be able to start trading.

Michael Wagner
that makes no sense! It was full, I was trading! Did my five trades. Again what happened to my trading bonus??
Hector Jones
Actually, your Customer Success Manager is the one who assists customers on any bonus they might have been promised.

As such, once the latter gets in touch with you, you shall be assisted accordignly?

Michael Wagner
Oh you mean the one that I have 5 times to call me to no avail?? Is this some sort of joke?

I have written 3 emails with times and each time you have not phoned. Then at 10 am would be another option. Other than that perhaps it’s just better we leave it and I get my money back

Michael”
Hector Jones
We are only requesting for a best time from your side so that we can have you assisted.

Michael Wagner
You know what what the hell. I will post this email conversation on the net and you can keep your $16.5

Hector Jones
We believe that if you have an issue with BinaryOnline, it is better to resolve such internally.

Michael Wagner
Well then, make sure I get my full $250 back

Hector Jones
The latter has tried to contact you earlier but at times you were busy and sometimes you were unreachable.

Michael Wagner
Oh you mean when she first phoned on Christmas day, during lunch! Anyone I put in the withdrawal request. I have lost the $17 and been led of a wild goose chase. Thanks

Read
Hector Jones
Meanwhile, your Customer Success Manager might have also been busy arranging for the webinars or following some big events due to which she could not follow up on an appointment.

BinaryOnline – forex trading platform review

People all over the world are always interested in investment opportunities that can increase returns online. For new traders, Forex trading and Binary Options are two of the most popular trading options that are available. There are different benefits as well as drawbacks of both types of investments. It is important to gather as much information on both as possible before deciding which to begin trading.

Binary Options Brokers

Broker Bonus Min Deposit Payout US Traders Review Open Account
Free Demo Account Without Deposit & Great Trading Contests (*) Tournaments are subject to Terms & Conditions and EU customers can’t access Trading Tournaments 10$ up to 92% * Amount will be credited to account in case of successful investment Review Visit Broker
1,000$ Free Demo Account Without Deposit, 100% Deposit Bonus, Risk Free Trade 10$ up to 92% Review Visit Broker
10,000$ Free Demo Account and €/$ 20 Free Bet – Binary Options No Deposit Bonus (Not for EU and UK Customers) 5$ up to over 1000% / Trade Review Visit Broker
50$ Binary Options No Deposit Bonus, 10,000$ Binary Options No Deposit Demo Account & 150% Deposit Bonus! Free Trading Signals and Free Trading Contests & Tournaments! 50$ up to 96% Review Visit Broker
$100 Smart Options No Deposit Bonus (in ETH), 0.10 ETH for Regular Account | No Deposit for Wallet Account up to 83% Review Visit Broker
20$ Binary Options No Deposit Bonus, Deposit Bonus & Free Entry to Daily, Weekly and Monthly trading Contests! 5$ up to 95% Review Visit Broker
100% Deposit Bonus, 5 Risk Free Trades, No Deposit Fees and 1000$ Free Binary Options Demo Contest Each Month 100$ up to 85% Review Visit Broker
50% up to 2500$ and More Promotions and Bonuses from time to time 10$ up to 180% Review Visit Broker
up to 100% Deposit Bonus + First 3 Trades Risk Free! CRYPTOCURRENCY, BINARY & CFD BROKER! 250$ up to 90% Review Visit Broker
1,000$ Free Demo Account Without Deposit & 100% Deposit Bonus + Free Entry To Trading Contests for Depositors! 10$ up to 90% Review Visit Broker
100% Deposit Bonus and / or 5 Risk Free Trades 250$ up to 90% Review Visit Broker
100% Deposit Bonus & Demo Account After Deposit 250$ up to 90% Review Visit Broker

The Forex (Foreign Exchange) market is currently one of the largest and most profitable markets in the world in terms of the daily turnover. The foreign exchange market assists international traders and their investments, by enabling currency conversion. A significant part of the large turnover is contributed by online Forex trading, which has been steadily increasing over the past few years. This trend is expected to continue well into the future.

Binary Options trading is the new kid on the block. It is a new version of Forex market trading that is simple in comparison, which makes the preferred trading method. Binary Options contracts have long been available and sold directly by the issuer to the buyer. They were generally considered “exotic” and there was no liquid market for trading these instruments between their issuance and expiration.

Since mid-2008, Binary Options websites have been offering a simplified version of exchange-traded Binary Options. Currently the number of binary option traders are few compared to their Forex trade counterparts, however, market gurus are optimistic that with time the numbers of both binary option brokers and traders will increase exponentially.

What are the differences between Binary Options and Forex?

Deriving a comparison between Forex trading and binary trading is not easy as they both have their own advantages over the other. The first difference is that Forex trading requires professionals with experience in foreign currency trading while Binary Options is quite simple and easily understandable even to novices in financial trading.

The second difference is that binary option trading has a higher level of profitability compared to Forex trading. The profitability rates of Binary Option trading often ranges between 95%% and 60%. In Forex trading, the returns are uncertain and can only be determined after the closing of a position.

The third difference is that Binary Option trading is safer compared to Forex trading. With Binary Options, brokers offer up to a 15% refund in case of losses, which acts as a cushion for the Binary Option trader. Forex trading has no safety precautions in place and in cases of wrong investment decisions the Forex trader loses all money invested.

Another difference is that with Forex trading you can trade continually throughout the weekdays while with Binary Option trading, weekdays are at predetermined intervals. The trading of Binary Options is dependent on the commodity exchange hours and the local financial markets.

And last, and certainly not least, the quantity of assets available differs between Forex and Binary Options trading. Binary Options trading enables a trader to trade many more assets, then Forex trading – not only currencies, but also stock, indices and commodities.

It isn’t a secret that the binary options market is meant for retail traders who want to make some passive income. This is why binary options brokers have very small requirements for initial deposit. For example, most brokers will accept an investment of just $100 and few brokers even 5$ to 50$ if you want to start trading.

You can also trade contracts that aren’t more expensive than $5 and few brokers accept even 1$ minimum trade size. Meanwhile, Forex brokers require a larger initial investment, and due to the leverage they offer, you may lose your money faster than you think.

The truth is both markets have their advantages, but the main difference between them is that they are meant for different types of traders. The Forex market is a suitable choice for people who want to turn trading into their full-time job, while the binary options market is convenient for retail traders who don’t want to get involved too much.

BinaryOnline – forex trading platform review

“Ayrex offer an amazing platform which contains everything in front of you. It is easy, clear and fast. You can trade on 30 seconds which rarely exists in other brokers. You can try trading with Ayrex on demo for free, moreover you can win real funds by participating in the contest.”

“An original trading platform for the binary options industry, award-winning Ayrex have proven that proprietary software can be unique and perform excellently in this market. A truly superb trading platform!”

“The company’s mission is to provide customers with the best trading environment possible, free of any hidden charges, misleading terms and unfair treatment. The company strives to build trusting long-term relationships with its clients and become a #1 binary options broker choice.”

“Customer service is available via live chat and phone Monday through Friday. The company offers great support that is helpful and won’t push you to make deposits for big bonuses.”

“Some of the most important criteria here are presumably the following: global coverage, market share and market leadership, quality of management, financial strength and potential, service and security, platforms and technologies applied, level of regulation.”

“We’ve never seen a team of developers more dedicated to creating the best trading environment possible.”

“The platform is equipped with tools and functionality, including analytical materials, such economic calendar and daily forex review proving the most up-to-date financial market data.”

“Ayrex took the binary options trading world by storm with their custom made platform and a truly devoted customer service.”

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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Best Binary Options Trading Guide For Beginners
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