Binary International Reviews
If you have done any research on Binary International, a new binary options broker based out of Anguilla and the UK, you will see they are very highly rated. I decided to open and account, trade, and withdraw money to test them out. In summary, I am very happy with their service and the software provided by one of their advertisers ITM Financial. I give them a 9.8 out of 10.
Regulated verse Non-Regulated
Binary International is a non-regulated broker. I spoke to Ray, and chatted with Poly about this and Binary International has chosen this route in order to be able to service their US clients. If you apply for regulation or “get regulated” you must immediately close all US based accounts and stop servicing those accounts and any new accounts. With the Internet acting as a “reputation monitoring” engine on its own (ie bad reviews, forums, etc) this was 100% perfectly fine with me. If they didn’t pay or were shady, you would know about it immediately online, in fact, probably faster than if they were regulated. I didn’t find this a problem and my payouts and winnings were sent very quickly.
The Binary International trading platform was crisp and sharp. You can tell they spent some money on their server setups. That is a good sign in a broker. After doing some pinging and IP checking, they have servers around the world in order to create a zero lag, high speed trading experience. They use the same backbone and trading solution partner as some of the other larger binary options broker out there so I felt very comfortable with their spreads, speed, and execution.
Customer Support and Contact
I was pleasantly surprised here. Binary International has 24/7 live chat support on the site. No droids or fake agents, all real people. This was very nice when I did a $2,000 deposit and wanted to download some of the free trading software that came with my membership level. I was able to get live support at two different times to ask about MT4 stuff and spreads. They have 3 or 4 phone support numbers that seemed to be manned during working hours of whatever time zone you were in…so 8-5 for USA, Europe, Australia, etc.
Bonus Program and Promotions
Binary International offers a 200% bonus on all new accounts, as well as on reloads if you ask. I had a friend to do a smaller deposit of $250, get the bonus, and then do another. Although it is not listed, if you ask, you can get the 200% on both the initial and follow up deposits. Good tip there J
The do promotions with software provider ITM Financial, so that is a nice perk for joining Binary International. You have full access to a suite of trading software like TrackElite, GCAD EUR/USD, Aztec 1.0, and Saturn PRO. The software I tried out was the Saturn PRO. It was very sharp and had a nice win rate for me. I am a one touch and no touch trader, so it worked well for me. Below is ITM Financial’s video from Youtube about Saturn Pro.
Since you also get a $100,000.00 demo account with any deposit, you can test out all the software for free and play around on different currencies and time frames to find out what is right for you without losing a dime.
Payouts and Time
Like all brokers in the world, Binary International confirms to the “Know Your Client” laws. You will be required to verify your account for a withdrawal, which is a simple process like sending in a scan of your ID and credit card used to make a deposit if you used one. This is all pretty standard for anti-money laundering procedures.
I ended up hitting them up pretty big to start, turned by $2,000 into $6,785 with Saturn Pro and my own trading. They payout went very easy and I got my money quickly. The original $2,000 was returned to my credit card within 48 hours (pretty fast for this industry), and the remaining I requested by bank wire. I had given the wrong bank information that delayed it a day or two, but that was my fault. Once I got them my correct information, the bank wire arrived within 24 hours.
I noticed their Spanish pages of their site for languages and the Japanese pages of their site were still under construction. So if you are a Spanish native speaker or Japanese, you may find this annoying.
Overall : A+
Overall, I found Binary International to be one of the best brokers I have used in years. They are new but really setting the bar high for brokers now. I found their bonus program attractive, their partnership with ITM Financial for free trading software worked great for me, and the $100,000.00 demo is nice to play with and test things in an industry that doesn’t give up demo accounts anymore.
Binary International can be found at www.BinaryInternational.com
As you can see this is a straight link, I am not an affiliate and I am not getting paid or trying to promote Binary International. I get nothing by sending you there or for you clicking on the link. Just an honest review from a trader that used (and still do now) a new service.