BinaryOnline is an unlicensed broker, owned and operated by Zola LTD. They are located at 14 Tsar Osvoboditel Blvd., 1000 Sofia Bulgaria and their phone number is: +44 203 026 5665. The contact email address is [email protected], and to see typical investor complaints go read this.
Scam Trading Robots
WARNING: Most auto-trading software are actually a scam, read why.
If you want a decent automated software, go look at Option Robot Pro.
The trading platform you see at BinaryOnline is called the Spot Option Trading System. They are using the full featured version of the software, which includes multiple types of binary options and social trading with the Spot Follow feature.
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: High Speed Options (60 and 90 seconds, 2, 3 and 5 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.
Most people who are looking for an automated trading robot, go with Option Robot Pro.
Are you currently trading with BinaryOnline? Please write your opinion in the comments below.