Bpari is an unlicensed binary options broker that opened in October 2016. Bpari is owned by Sonata Trade LP which is located at: 4 Fullarton St, Ayr, KA7 1UD, Scotland, United Kingdom. Contact phone number for Bpari is: +44 20 8144 0810, and the email address is: firstname.lastname@example.org. For typical complaints about brokers, read this.
Bpari Broker Review
Our review of the broker Bpari shows, they are using the Hello Markets Tradestation software for binary options trading. They have some minor currency pairs for trading, including binary options for the Polish Zloty, Indian Rupee & Mexican Peso. Returns and payout for the $EUR/USD binary options ranges from 70% – 90%. Expiry times are shown is a way that is different from other brokers. For example, if it is 11:10 am and a trader selects the 45 min option, the option will expire at 11:45 and not at 11:55.
Minimum trade size is $5, and the maximum trade size is $10,000. Minimum account size is $250, and they automatically give you a 20% bonus.
The majority of automated trading systems for binary options are a scam, read this.
The first thing that the Scam Broker Investigator looks for when reviewing a binary options broker is a valid license, to determine if they are a legit or scam broker. We check to see if a financial regulatory authority in Europe like CySEC, CFTC in the United States or ASIC in Australia are monitoring them.
FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
We reviewed Bpari and see that they are not a licensed broker. Investors interested in trading at a licensed broker should see the list of licensed broker here.
Investors have many brokers to choose from, and the main difference between brokers is their regulatory status and trading platform.
Trading seeking an automated trading software usually choose one of these.