Binary Brokerz is a well-known binary options broker offering traders an innovative trading experience using the TradeSmarter trading platform. Founded in 2014, Binary Brokerz provides its clients with a personalised approach and one-on-one guidance to help them improve their profit potential. With Binary Brokerz, there are over 100 tradable assets available and a variety of trade types including High/Low, 60 Seconds and StrategiX along with a social trading feature. Payouts offered by Binary Brokerz are high and above the industry average at up to 92%.
In terms of withdrawals, Binary Brokerz provides its clients with a simple withdrawal procedure and a variety of funding methods including credit card, wire transfer and e-wallet options. In addition, to help with any withdrawal enquiries that may arise, its customer service team is on hand around the clock which can be contacted by phone, live chat or email.
There is no doubt that Binary Brokerz is lining itself up to become one of the key players in the binary options industry but they are not regulated which is something traders should be aware of in the event that a withdrawal issue arises. To follow, we check out this broker’s withdrawal policy in order to establish whether potential traders can expect to withdraw their funds from this broker with confidence.
Binary Brokerz Withdrawal Steps
Making a withdrawal with Binary Brokerz is very straightforward. In order to process a withdrawal Binary Brokerz requires that traders make a request through their trading account under the “withdrawal request” link where they can enter the amount required. Requests can only be made in U.S. dollars although funds will be paid in the same currency in which the original investment was made with.
For compliance purposes, Binary Brokerz requires proof of identity such as a notarised copy of a passport or other means of identity verification such as proof or address and a copy of the credit card used to make the initial deposit prior to withdrawals being permitted.
When a withdrawal request is submitted, it can take between 3-5 business days for Binary Brokerz to process and release the funds. Depending on the credit card/bank used, it can take up to another 72 hours until a trader receives the funds in their account. Withdrawal of funds is distributed to traders using the same transaction method used to make the original deposit.
Binary Brokerz Withdrawal Methods
Binary Brokerz offers a variety of funding methods including credit card, bank wire transfer and e-wallet options such as Skrill and Neteller. Withdrawal requests are always handled in a fast and efficient manner following instructions from the client.
There are no fees relating to withdrawals by credit card, but any withdrawal by wire transfer will be charged $25. The minimum amount that can be withdrawn is $100 USD.
Binary Brokerz Bonus Withdrawal
Binary Brokerz offers a range of attractive bonuses to its new and regular clients. All bonuses are subject to the company’s terms and conditions and traders should be aware that in order to withdraw a bonus, they will be required to perform a trading volume of at least 30 times for each $1 bonus. All bonuses can only be withdrawn when this stipulation has been fully met. Withdrawal of funds from an account made before completing the terms of the bonus will result in the cancellation of the bonus and its profits and removal from the trading account.
Binary Brokerz Withdrawal Summary
Binary Brokerz offers traders a straightforward withdrawal process which can be undertaken in minutes with easy to follow through procedures on their website. Traders also have access to its customer support team to help with any withdrawal queries.
However, although their trading platform is quite a good one, they fall back in the area of customer withdrawals. Our research shows that Binary Brokerz has experienced a number of complaints regarding delayed withdrawals and deliberately withholding funds, some of which are as yet unresolved. Bearing in mind that they also happen to be unlicenced, we would suggest traders tread very carefully with this broker. Better still, it is preferable to choose another broker with a better reputation.