99Binary was a binary options broker offering the Panda trading platform owned by Blue Marine Development LTD. 99Binary is located at 71-75 Shelton Street, London Covent Garden UK , WC2H 9JQ. Their phone numbers are: Canada (437) 886-0146 and United Kingdom (+44) 203 769 0361, and contact email address is [email protected]
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Scam Trading Software
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Trading Platform Review
The trading platform that 99Binary uses for binary options is called Panda. Investors can choose from a wide selection of underlying assets to trade including; Forex Pairs, Commodities, Stocks (Shares) and Stock Market Indexes. Available are a few types of binary options including: Hyper (30 and 60 seconds, 2, 5, and 10 minute options), High / Low, One Touch and Range Options. Payouts on high low binary options go as high as 85%, depending on the time of day.
Copy Trading is a built in feature of this trading software. Mobile trading apps for Android and iOS are available. The minimum deposit for a new trading account is $250.
When reviewing a binary options broker to determine if they are a legitimate broker or a scam broker we check a few things. We first look to see if they are licensed and regulated by CySEC in Europe, or the CFTC in the United States.
99Binary is not a licensed broker.
Checking the list of licensed brokers is always important when choosing a new binary options broker. FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
If you are interested in testing a broker with a demo account using the same software as 99Binary you can take a look other Panda brokers.