BinaryOnline was a broker for binary options and Forex/CFD trading. They use the popular SpotOption trading platform.
BinaryOnline Review
While reviewing BinaryOnline, we immediately noticed that they are using the new version of the SpotOption trading software for binary options.This version also offers Forex / CFD trading. This platform is very popular because its clear and user friendly interface.
For binary options, you have a variety of formats to choose from. These are, Classic Binary Options, Pairs, Ladders, 60 Seconds, Long Term and OneTouch options. In the “60 Seconds” or short term option you will find expiry times of 60, 90, 120, 180, and 300 seconds. Whereas in the Long Term options you have expiry times of up to the end of the year. Also, these different option formats are available to trade so many different assets. For example, you can place bids on Currencies, (these include the EUR, GBP and many others). Commodities, (like Silver and Gold). Indexes, (like DOW JONES or S&P 500), and Stocks (such as Apple and Facebook).
In Forex/CFD trading, you can trade with leverage of up to 1:500.
Caution! Many people are introduced to Binary Options trading through automated trading robots that promise to make millions for you while you sit back and watch.
The truth is, that most of these robots are fake, read more here.
We always stress the need to our readers, that they carefully review a brokers Terms and Conditions. This will help to verify what requirements they have regarding withdrawals. Accepting bonuses almost always puts restrictions on your withdrawals.
Read our page about complaints to find out more.
Additional Features
BinaryOnline has a minimum required deposit of $250 for a new account. Trades could be placed for for as low as $5 in the “60 Second” options. Other binary options have $25 being the minimum trade amount. Returns are generally between 65% and 85%. They also offer three premium account packages, each one with added benefits.
License and Regulation
All governmental financial regulators issue special licenses to operate a brokerage firm. Some examples are, ASIC in Australia, the FSB in South Africa and CySEC in Cyprus (EU).
BinaryOnline does not have a license. They are owned and operated by Zola LTD. Their address is: 14 Tsar Osvoboditel Blvd. 1000 Sofia, Bulgaria. Official Website: www.BinaryOnline.com