Warning: Broker Official is not licensed or regulated by the CFTC.
Americans should only trade on the licensed exchange at Nadex.com.
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…. read this to see why it is a scam.
The most popular auto trading software is at: https://binaryoptionautotrading.com/.
According to the term and conditions of BrokerOfficial, using a trading robot like Instant Cash Club 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.
Smart people never fully rely on only one broker, and usually have multiple trading accounts.
Are you currently trading with Binary Online? Please share your experience in the comments below.
The payment processor for Broker Official is Intersplit Ltd, 35-37 Ludgate Hill Street, Office 7, London, EC4M 7JN, United Kingdom.