Warning: Broker Official is not licensed or regulated by the CFTC.
BrokerOfficial is an unlicensed binary options broker that opened in September 2015.
Broker Official is owned & operated by Astercap Ltd, with anTheir phone number in the United Kingdom is: +44 20 3769 1247 and Cyprus is: +357 025 030 716.
Trading Software Scam
WARNING: That video you saw which promises $10,000 is really a scam, read this.
The most popular auto trading software can be seen here.
According to the term and conditions of BrokerOfficial, using a trading robot like Tesler App is not allowed.
Automatic trading mechanisms, including external execution systems, non-authorized Automatic and semi-automatic trading mechanisms integrated by a trader are considered to be abuse. Using these systems on an internet browser without human execution is illegal and may result in position cancellation and/or account suspension. Positions that were taken via automatic trading mechanisms are considered off market transactions and will therefore be cancelled.
So if you thought you were going to make money with a scam robot, you are wasting your time.
Similar to a few other binary options brokers, the company Broker Official uses trading platform made by AirSoft. This trading system is becoming more commonly used recently, as many brokers have started using it.
They have over 200 assets available including many Forex pairs, Stocks, Commodities and Market Indexes. Returns are as high as 86%.
There are 3 types of binary options, Short Term, Long Term & Count Down, but really they are all standard high low binary options with different expiry times. The main reason people like the BrokerOfficial trading software, is the flexibility of option expiry times. You can choose really any time from from 60 seconds to 6 months.
The trading platform is available in English, and although they show a mobile app, we could not find it on the app store.
For new accounts it says the minimum deposit $1,000 which is very high compared to other brokers.
BrokerOfficial License Check
When the Scam Broker Investigator reviews a broker to know if they are legitimate or a scam broker, we want to see a license. A legitimate broker would have a license from the Cyprus CySEC or the NFA in the United States, or ASIC in Australia.
BrokerOfficial does not have a license. You should consider using a licensed and regulated broker, you should find one here.
The payment processor for Broker Official is Intersplit Ltd, 35-37 Ludgate Hill Street, Office 7, London, EC4M 7JN, United Kingdom.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Smart people never depend on only one broker, and they usually have multiple trading accounts.
Are you currently trading with Binary Online? Please share your experience in the comments below.