Min. deposit
10$
Min. price
1$
Profitability
*
Demo account
Yes
Currency
Supported languages

* “The amount that will be credited to the account in the case of a successful deal
General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

Binary Trading Companies Review: Binotrade

Modern financial markets allow you to earn on them, even without special education and skills. But there are several important points that every potential trader should know about:

● In this business, the likelihood of losing your savings is higher than making decent money.

● Among decent brokers who provide access to liquid assets, there are many scammers and companies that use a wide variety of schemes to deceive their customers (the so-called “kitchens”, bookmakers, etc.).

● Among the feedback on the participants of the global financial market is a fairly large percentage of registered customers (competitors distribute negative information, and the owners of the company – positive).

● When compiling a general overview of the company you are interested in, consider objective information about it and the opinions of reputable analysts.

In order to better remember and understand how the above recommendations work, consider Binotrade, a binary options broker that does not belong to the “elite”. But, according to some of his clients, he may in the near future take a strong position in the global financial market, specializing in binary options.

 

Binotrade – binary options broker review

 

What attracts a modest company Binotrade to Internet traders?

Practically in any field of activity the first thing that potential clients of the company pay attention to is its age. Is it logical I guess, yes. The more a broker works, the better he knows all the nuances, methods of making a profit, the capabilities of competitors, etc. But, in each case there are certain exceptions. For example, 10-15 years ago, talented specialists create a brokerage firm that very quickly becomes popular and brings a good income to owners. But after a certain time, the company is sold, and its new owners turn this object into a reliable source of profit using dubious, and sometimes completely illegal schemes. Therefore, the fact that Binotrade has been providing financial services only since 2017 is not proof that it is a suspicious and unreliable company.

Binotrade Security

But what are the real factors that prove that the broker cares about the safety of their clients?

1. Saint Vincent and the Grenadines (the place of registration of the broker and the location of its headquarters), where many well-known companies have settled.

2. Created for Binotrade application and modern software ensures prompt data processing, as well as the protection of personal information and financial resources of customers.

3. Telephone, chat and e-mail allow each user to contact support representatives to resolve any issues related to the work of the service.

4. All funds of Binotrade clients are kept on segregated accounts in reliable financial and credit institutions.

5. The platform of this resource protects an international SSL Certificate, which nullifies the likelihood of unauthorized entry to the users of the service.

If the provided methods of protecting traders are not enough to easily register a login with Binotrade, study the mechanism of this brokerage company in more detail. It is worth paying attention to the following factors. The website administration has introduced mandatory user verification. This makes it possible to avoid the influence of fraudsters and scammers on the work of a broker. The agreement between users and representatives of Binotrade helps to eliminate any misunderstandings that may arise between them in the process.

Binotrade Regulators

The main disadvantage of this brokerage firm is the lack of regulators who issue licenses and documents that allow the provision of financial services. The administration of Binotrade explains this flaw by the fact that the company just physically does not have time (we recall, the broker was registered in 2017) to solve all the necessary issues. There is information that in the near future this broker will have licenses of one of the most authoritative world regulators – FCA and CySEC.

Training on Binotrade

In terms of training, the creators of the resource coped well with the task. On the site, every potential client (from a novice to an advanced trader) will find a lot of useful information.

● Teaching. The client learns the terminology, the basics of the financial markets and the site presented, studies the influence of various factors on the asset price, learns to make elementary forecasts based on economic and political news.

● Advanced. Learn things that every professional should know (indicators, technical analysis, options trading, strategies, etc.).

● Expert. The knowledge that is needed not only by practicing traders, but also by theorists involved in the analysis and identification of patterns in the binary options market, taking into account various possible factors and in non-standard conditions.

The demo account developed at Binotrade allows you to complete a practical course of preparing work on a binary options service without spending a penny of personal savings for this purpose.

What rules Binotrade every trader should know

Studying the reviews compiled about Binotrade, we can conclude that their authors focus on the rules of working on these resources. And this is the right approach, which has repeatedly proved its practicality, both for novice traders, and for their more experienced colleagues. Based on this information, you can make a personal opinion about the resource, as well as understand how this site is suitable for each individual user.

Binotrade Trading Terms

● The minimum deposit amount is $ 10.

● Minimum / maximum bid – 1 and 1000 $.

● Profit from a successful transaction – up to 94%.

● Currencies of the trading account – Russian ruble and US dollar.

● Welcome bonus – there is.

● Auto trading and PAMM accounts – none.

● The withdrawal fee is absent.

● The minimum amount for withdrawal is $ 500.

Binotrade Deposit and withdrawal

When compiling a Binotrade report, many experts are surprised at the relatively small number of ways to replenish a deposit and withdraw funds.

● Plastic cards (VISA / MasterCard).

● Yandex money.

● WebMoney.

● QIWI.

Binotrade Assets

The main assets of this binary options broker are currency pairs, precious metals, and popular cryptocurrencies.

Binotrade – binary options broker review
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General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

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