This Broker is Out of Business!
Go Find A Licensed Broker, look here.
BinaryOnline was an unlicensed Forex broker, that is actually owned and operated by Zolarex LTD.
They have an office in Bulgaria, but are actually located at a PO Box in the Marshall Islands. Their phone number in Bulgaria is: +35 924 964 405, and their contact email address is [email protected].
Withdrawal problems and other investor complaints should read here.
Scam Trading Robots
WARNING: Be careful when using an automated trading robot, read why.
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BinaryOnline Review
The trading platform you see at BinaryOnline is the new Spot5 Premium Trading System. They are using the full featured version of the software, which includes multiple types of binary options and CFD trading.
It is an easy to use software in which an investor can choose from a variety of assets to trade including; Forex, Commodities, Stocks and Market Indexes. The binary options available are the: High Speed Options (60 and 90 seconds, 2, 3 and 5 minute options), High / Low, One Touch and Range Options. They also have on their website social / copy trading.
Minimum deposit for a new trading account is $250, and returns on options are between 60% and 85% depending on asset and time. Update, this broker no longer provides Binary Options trading, now they are just a CFD provider.
BinaryOnline Regulation
When the Scam Broker Investigator reviews a Forex or Options broker to determine if they are a legitimate broker or another scam, is by checking for a valid license. The brokers license can be from CySEC in Cyprus, ASIC in Australia or the CFTC in America.
BinaryOnline is not a licensed broker.
You should read the reviews of the licensed brokers, and also see the most popular brokers go here.
Are you currently trading with BinaryOnline? Please share your experience with this broker in the comments below.