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|Legal Entity||Zola Limited|
|Full Address||Bulgaria, Sofia, 14, bulevard|
|Phone||+44 203 026 5665|
BinaryOnline Broker Review
BinaryOnline is quickly causing a stir in the industry, and making other brokers, which have been existing for years, to start copying its simple and trader-focused approach. In this review of BinaryOnline, we’ve outlined some of the key features we think are making the broker to be outstanding, irrespective of its newness in the industry.
BinaryOnline is the trading name of a company called Zola Limited, which is headquartered in Sofia, Bulgaria. Thus, we can confirm the broker is operated by a registered company that complies with the stipulated regulations.
Furthermore, in a bid to expose its traders to the stringent regulatory requirements outlined by international bodies, such as CySec, the broker enforces several policies and compliance procedures. For example, before opening an account, your identity documents must be sufficiently verified. The broker also abides by Anti-Money Laundering policies and other security procedures.
With its strong commitment to transparency, we expect the broker to finalize its regulation process soon. Nonetheless, it has never, until now, been found taking part in fraudulent activities. Therefore, there are no reasons, whatsoever, to group BinaryOnline in the list of scam brokers.
The broker has a user-friendly trading platform, which is designed using the latest technologies to allow traders make the most of their binary options trading experience. The platform is completely web-based; so, you’ll not need to endure the hassle of having to install any software before trading.
The broker offers the following four main types of trading tools on its platform:
The platform is aptly designed with everything on its right place. For example, you can easily view the payout amount, select an asset for trading, or check the current market price of an asset. This way, the broker ensures you do not miss on profitable trading opportunities.
During our review of BinaryOnline, a captivating feature that caught our attention on the platform is the possibility of traders to imitate the trades of other successful traders. You can do this by either copying or following the trades of leading traders, allowing you to make profits without having to manually place orders. Sounds nice?
BinaryOnline offers more than 100 assets for trading. The assets are categorized in four main groups:
With its vast range of assets, the broker caters for the varied interests of binary options traders—whether you like trading in the fast-moving currency market or you prefer the not-so-fast commodity market, the choice is all yours.
In terms of payouts, BinaryOnline offers payouts of as high as 81%. It also offers 5% return on investment, enabling you to gain even if a trade goes against your initial prediction.
BinaryOnline upholds its focus on simplicity even on deposits and withdrawals. The broker has a wide range of secure and easy-to-use payment methods, including the major credit cards, electronic payments, and wire transfer.
After you’ve opened an account and submitted the necessary identification documents, you can make a deposit, and funds will appear in your account in the shortest time possible.
For withdrawals, the broker endeavors to make the process hassle-free and convenient to customers. After submitting a request together with the required documents, your withdrawal will be processed fast. Based on your preferred payment method, the process can be complete in 3-5 business days.
Depending on your needs and initial deposit amount, the broker offers five different account types:
In our review of BinaryOnline, we checked whether it has a reliable customer support department. We tried to ask them some questions, and got satisfying responses—very fast and delivered professionally.
Since they are available 24/7, you can contact them by phone, email, or live chat. Irrespective of your location in the world, you are sure to get a prompt and well-thought response. Furthermore, to ensure traders have enough skills for successful trading, the broker has a ‘knowledge base’ with extensive learning materials, including trading videos, signals, and e-books.