BinaryOnline is a new unlicensed broker, owned and operated by Zola LTD. They are located at 14 Tsar Osvoboditel Blvd., 1000 Sofia Bulgaria. Their phone numbers are: +44 203 026 5665 (United Kingdom) and +61 28 880 0196 (Australia). The email address is [email protected] and to see typical broker complaints you should read this.
WARNING: BinaryOnline does not officially accept Americans. If you are a US Citizen then you should trade with CFTC licensed broker Nadex.com.
Trading Systems Scam
WARNING: Most trading apps are really a scam! Go see how the scam works.
For automated trading software, everyone uses the one from Black Box Robot.
The trading platform you see at BinaryOnline is called the Panda Trading System. This software is becoming more and more popular and we are seeing more brokers choose it.
It is an easy to use software in which an investor can choose from a variety of assets to trade including; Forex, Commodities, Stocks and Market Index. The binary options available are the: Hyper Options (30 and 60 seconds, 2, 5, and 10 minute options), High / Low, One Touch and Range Options. They also have on their website social / copy trading.
Minimum deposit for an account is $250, and returns on options are between 60% and 85% depending on asset and time.
When the Scam Broker Investigator reviews a binary options broker to determine if they are a legitimate broker or just another scam broker, we look for a valid license. The brokers license can be from CySEC in Cyprus, ASIC in Australia or the CFTC in America.
BinaryOnline is not a licensed broker.
Are you currently trading with BinaryOnline? Please write your opinion in the comments below.