I just ran across another new binary options broker who uses the popular Spot Option platform. BullBinary started operations just recently in Cyprus, which seems to be the binary options capital of the world.
I have decided to perform an extensive review of this new binary options broker. We will tell you about BullBinary, including their short history. We will examine their terms and conditions, including withdrawals and bonuses. I will also tell you if they offer a demo account and mobile trading. Finally, I will offer my opinion of whether BullBinary is a scam or not.Visit Website
- Licensed and regulated by CySEC
- No deposit $25 bonus to try out BullBinary
- Not accepting United States, Canada, Australia or Japan traders
Deposit & Withdrawal Methods
- Company:Spot Capital Markets Ltd
- Platform:Spot Option
- Minimum Deposit:$100
- Minimum Withdrawal:
- Minimum Trade:$1
- 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
Spot Capital Markets Ltd, the developers of the Spot Option binary options trading platform, started the web based binary options broker, BullBinary. They are the owners of BullBinary, and they are also licensed and regulated by CySEC. This means that BullBinary is also licensed, and because of that, investors are protected against any scam type of operations.
BullBinary provides multilingual educational material, 3rd party educational dashboard including technical analysis and trading ideas,signals, allowing investors the ability to trade in stocks, commodities, currencies and indices. BullBinary is also integrated with the largest social trading platform which is called ZuluTrade. This allows traders to copy the trades of successful traders.
Just earlier in 2015, the makers of the popular Spot Option trading platform, Spot Capital Markets Ltd started the website operations of BullBinary. To make a name in the binary options trading world, BullBinary is also offering a no deposit $25 bonus for a short time. With the $25 No Deposit Bonus promo you can start trading with this virtual money and when you reach the target volume requirement (40 times) you can withdraw real money profits of up to 200% of the bonus. No other binary options brokers offer this kind of promotion.
BullBinary Terms And Conditions
As with any binary options broker, the wise trader always studies the terms and conditions before signing up. At BullBinary, you can find these under the Legal Content in the footer of the website. The terms and conditions for Spot Capital Markets Ltd consist of 22 pages, as they guarantee that both the investor and the company are completely protected. They cover everything from anti-money laundering activities to copyright protection.
As I said, before creating an account, you should read all the terms and conditions.
BullBinary Withdrawal & Bonus Terms and Conditions
As with most reputable binary options brokers, before being able to withdraw your winnings, you will have to provide certain documentation. This may include a photo identification, a copy of a utility bill showing your name and address, and a copy of your credit card used to deposit. All but the last 4 numbers can be blacked out.
With any bonuses received from BullBinary, an investor may want to consider if they want to accept said bonus. The reason for this is: you will have to make trades in the volume of 30 times the bonus amount before you can withdraw. So, if you get a $100 bonus, you will have to make $3,000 in trades.
BullBinary Demo Account
BullBinary does not offer a demo account, but for a short time, they are offering a no deposit $25 bonus. This can be used to try out their trading system with no risk. BullBinary also offers a great line of binary options trading educational resources. These include videos and ebooks.
BullBinary On Mobile
For those of you who trade while you are on the go with your tablet or smartphone, BullBinary has applications so you can do so. You can get these apps at the Google Playstore or the Apple App Store.
BullBinary Scam Watch
If someone was to say that BullBinary was a scam, I would have to say Bull$&(#. It seems they have followed every procedure to guarantee they are following all regulations. Not only that, they are licensed and regulated through CySEC, and they are members of the Investor Compensation Fund. This means that if you have an issue and evidence shows you are in the right, you will be completely compensated. This is why I always recommend using a licensed and regulated binary options broker.
BullBinary seems reputable, and I would recommend their services. If you are still slightly hesitant, pop into their website and sign up for the $25 no deposit bonus. This way you can try out their system with no chance of personal loss.
All you need is an approved and verified account providing the right documentation and a valid contact phone number.
If you have used BullBinary, we would love to hear your experience. You can post it in the comments section below.