BO360 is a new European binary options broker licensed by CySEC, that held their grand opening in January 2017. BO360 is owned by Itrade Global (Cy) Ltd, located at 256 Makarios Avenue, 4th floor, 3105, Limassol, Cyprus. Their phone number is: +357 25 355 388 and their contact email address is [email protected].
Offering binary options traders and investors the user friendly and popular SpotOption trading platform BO360 shows alot of promise to grow quickly into a large global brokerage firm. Options available on their website include; High Speed Trading in 60 second options, Ladder, Long Term, One Touch and Pairs.
The payouts on options depend on the time of day, and expiry time of the option. For example the EURUSD binary options have a payout between 70% and 85%. Account types start at $250 for a mini trading account, and move higher from there. The minimum size trade is only $5.
Auto Trading Software
Many binary option brokers that use the SpotOption trading platform are connected with automated trading robots. You can research the various trading signals and software, see here. At the time of this review we do not see any auto trading robots yet available with this broker.
BO360 License & Regulation
When the Scam Broker Investigator reviews a binary options broker to determine if they are legit or a scam, we first look for a license. In recent months, we have seen many scam brokers who did not have a licensed go out of business. The best brokers are always licensed by CySEC, ASIC or FSB. Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.
In the case of BO360, we see that they are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 298/16.
There are over 300 binary options brokers online to choose from, and below are a couple of popular ones to compare.
Investors who are currently using the broker BO360, please share your experience with other traders in the comments section below.