B4Binary was an unlicensed binary options broker that opened in August 2015. They are owned by Service Global 52 Ltd, located at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines. Their phone number in United Kingdom is: +44 203 769 7453, and the email address is [email protected].
For complaints about this broker, see here.
B4Binary Platform Review
The first thing we noticed when reviewing B4Binary is that they offer the Tradologic trading platform for binary options. Their trading platform is available in multiple languages including; English, Chinese, Italiano, Русский, Español, Arabic, Magyar and Svenska. The Tradologic platform offers all major Forex pairs and minor pairs as well. They have a very large selection Commodities, along with stocks and stock market index’s. Additionally, they offer Bitcoin options, and binary options on commodities like Coffee & Platinum.
They offer digital (high/low) binary options, touch / no touch, range. They have turbo binary options in time frames of 15, 30, 45, 60 seconds and 2, 5 minute options. Minimum deposit requirement for new accounts is a whopping $5,000. This is the highest we have ever seen for a broker, and there are plenty of brokers that let you start out much smaller accounts.
WARNING: Don’t waste your money with a fake trading robot, read why.
See the popular trading systems that people use, look here.
Is B4Binary a Licensed Broker?
No, B4Binary is not a licensed broker! On November 1st 2016, the OSC issued a warning against the owner of B4Binary that they are not licensed to offer binary options in Canada.
When the scam broker investigator looks at a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if a regulator like CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe. It says on their website they are owned by Finatex Ltd; Suite 6, 3rd Floor, Mabgate Business Centre, 93-99 Mabgate, Leeds, LS9 7DR, United Kingdom. The company that does payment processing for B4Binary is SG 55 LTD, 1 Whitehall Quay, Leeds, United Kingdom, LS1 4HR
There are various risks in trading with an unlicensed broker which you can see here.
Compare B4Binary
You can find the complete list of licensed brokers here.
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