Binary Online Review
A rather new binary options broker, BinaryOnline.com has been attracting traders.
We have received a request to review this binary options broker, so I am going to provide you with all the information I can find on them.Visit Website
- Huge list of assets available
- Copy trading feature
- Not licensed
- Not available to traders in the United States, Canada or Australia
Binary Online Deposit & Withdrawal Methods
Binary Online Broker Information
- Founded: 2016
- Company: Zolarex Ltd
- Incorporated: Marshall Islands
- License: None
- Platform: Panda TS
- Minimum Deposit: $250
- Minimum Withdrawal: $100
- Returns: 85%
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Binary Online
BinaryOnline.com is owned and operated by Zolarex Ltd. Who is located in the Marshall Islands.
Not yet licensed or regulated, BinaryOnline.com uses the Panda Trading System trading platform. As such, traders can trade high/low, one touch, range or hyper trading in which you will get results in 30 seconds.
Another nice feature is the copy trading. If you discover another trader who is in “the zone,” you can copy their trades and make profits.
The goal of BinaryOnline.com is to become the most technologically advanced binary options broker on the internet.
From what I can tell, Zolarex Ltd created BinaryOnline.com in 2009.
But the system they use now was just updated in July of 2016.
From the looks of things, they have created a system that is quite user friendly and hopefully they will apply for licensing soon as that would help their reputation greatly.
BinaryOnline.com Bonus Terms And Conditions
BinaryOnline.com offers traders bonuses on deposits made. But there are stipulations to be able to withdraw bonuses or profits made from those bonuses.
The volume trading requirements deem that an investor makes 30 times the bonus amount in trades before they can withdraw those monies.
So if you received a $100 bonus, you would have to trade a volume of $3,000 to withdraw.
Many traders do not accept bonuses because of these stipulations.
BinaryOnline.com Withdrawal Terms and Conditions
As with most binary options brokers, BinaryOnline.com follows strict anti money laudering regulations.
You will have to submit compliance documents to withdraw. These consist of:
- A copy of your government issued ID
- A copy of a utility bill showing your name and address
- A copy of the credit card used to deposit
BinaryOnline also has certain fees for withdrawals. They are:
- epayment – $25
- credit card – $25 and $10 processing fee
- bank wire – $50
The minimum withdrawals are $100 for credit card or epayment and $250 for bank wire.
Withdrawals are processed within 3 days.
BinaryOnline.com Demo Account
BinaryOnline.com does not offer the availability of practicing with their system on a demo account from what I see.
You may be able to request one from your account manager.
BinaryOnline.com Scam Watch
I do not find many negative reviews of BinaryOnline.com, but that is not always a sign.
There are a few facts that do concern me with BinaryOnline.com, and the first is that they are not licensed or regulated.
The fact that they charge some high fees for withdrawals is another part of their system that seems outrageous.
I will not say that BinaryOnline is a scam, but I do believe they need to change a few things in their operations, and they should file for licensing and regulation.
BinaryOnline.com Mobile Review
BinaryOnline.com does have mobile applications so you can make trades from your smartphone or tablet while you are on the go.
You can go to the Google Playstore or iTunes to get the mobile application so you can trade from your mobile device.