Binary Xchange Review
As usual our team performs a comprehensive market research to identify new upcoming and promising online brokers. This time we have come across a Binary Options broker that has set its sights on revolutionizing the Binary Options industry.Our exhaustive research has led us to Binary Xchange that offers an extensive list of benefits, tools and features for the savvy investors as well as beginner traders to get on the road of success.
Besides giving access to the complete array of instruments ranging from Indices to Stocks, Currency Pairs and Commodities, Binary Xchange also offers an attractive return of investment for both your classic, long term options and for the fast pace investor who is in favour of turbo (short expiry) options.
In addition to the above, Binary Xchange’s unique offers are: Social Trading, Automated Robot Trading, Trading Signals (indicator based), Live Trading Signals (provided by 3rd party professional market analysts), all of this is accompanied by a wealth of educational materials and extensive live market research all at one place, all at Binary Xchange.
What really sets this broker apart from the others is the drive for perfection and the paramount professionalism they can offer through their 50+ years of shared management experience in the banking, corporate finance, retail and B2B business sectors. To succeed and set new disruptive industry standards, you have to be doing something right and this is exactly what Binary Xchange professionals do.
Online Since: 2016
Jurisdiction: Marshall Islands
Max Returns: 91%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $5000
Currencies: EUR, USD, GBP
– Robot Trading
– Social Trading
– Signals (indicator based)
– Live Trading Signals (provided by 3rd party professional market analysts)
– Education Center
– Market Research Center
– 1 on 1 mentoring
– 100% Deposit Bonus (optional)
– Constant promotions
– Boutique type of attention
– Does not accept clients from US.
How to Start
If you are an experienced investor feel free to skip this paragraph nevertheless if trading is something new to you and you are not certain on how to start, this may be exactly the info you are looking for.
Many of the new traders are keen to get themselves involved in the financial markets, nevertheless are not sure how to make that very first step. Starting process may vary on several occasions, nevertheless below we have presented the most popular so called “standard” procedure on how to get started with Binary Xchange:
- Sign up (providing correct details) on the website or via the promotion landing page;
- You shall be directed to the trading platform and asked to create your account password (please remember it);
- A personalised account manager shall get in contact with you over the phone or email to welcome you on board and have a short discussion to better understand your needs. This shall allow Binary Xchange to identify your type as an investor and tailor the services to your requirements;
- Login to the trading platform and safely deposit funds to your account;
- At this point you are ready to make your first investment!
Binary Xchange offers a variety of account types suiting the novice traders as well as savvy investors. The account types provided to each client depend on the deposit amount funded hence with larger capital investors increase offering added benefits.
- Mini Account
The “Mini Account” is usually selected as a temporary account by beginners trying to learn the ropes of trading. The “Mini” can be obtained with a deposit as small as $250 up to $1499. Although this package offers the basics, some benefits in terms of education and trading assistance are also available. In most of the cases traders upgrade their accounts to “Standard” or “Gold” accounts accordingly.
- Standard Account
The “Standard Account” is suited for novice and experienced Binary Options traders seeking to receive full service including a personal account manager to help guide them through the exciting world of financial markets. This account can be obtained with a deposit of $1500 and up to $4999. Additional benefits include advanced educational materials, robot and social trading and most importantly you get a personal dedicated account manager.
- Gold Account
The “Gold Account” is the most popular account type which is best fitted for traders with high expectations. Receive the highest quality service and one on one training from Binary Xchange by obtaining the “Gold Account”. This level can be secured with the investments ranging from $5000 up to $9999. Some of the most important benefits of having “Gold Account” include 1 on 1 training, weekly trading sessions and a personal dedicated account manager to guide you though money, trading and risk management.
- VIP Account
The VIP accounts is a favourite choice amongst the professional traders seeking high returns and an unprecedented level of service and support. The “VIP Account” is available with a $10.000 investment and above, and has a wide range of benefits including daily trading sessions with personal account manager, personalised portfolio structure, custom trading conditions, advanced 1 on 1 training sessions, professional trading signals, traders psychology lessons, dedicated personal account manager and many more.
Broad education is a key to success. Trading in the financial markets is jut as much about knowledge and preparation as it is about excitement and reward. Without the former the latter cannot be achieved.
Binary Xchange has put together a diverse collection of educational materials to equip traders with the tools they need to expand the knowledge and build trading experience. You can get yourself acquainted with the way the markets work and start trading successfully in no time.
Binary Xchange Education Center shall present to you valuable tools such as:
- video courses;
- 1 on 1 training sessions with professional trading analysts.
Market Research Center
There is no need to be crawling multiple complicated websites to follow the latest news or market reviews. You can now benefit from a sophisticated Binary Xchange Market Research Center in one place and never miss an opportunity to successfully trade again.
Binary Xchange Market Research Center provides you with:
- Live market updates;
- Daily market reviews;
- Weekly market reviews;
- Monthly market reviews;
- Live market news;
- Daily chart analysis;
- Analyst based trading signals;
- Daily video chart analysis;
- Economic calendar;
- Custom tailored instrument reviews.
Binary Xchange strives to ensure that you never miss a trading opportunity and make sure that you know how to act and react when the market is at the right point to make an investment. In collaboration with world’s leading, top-tier signal providers Binary Xchange presents its customer the “automated indicator based trading signals” and “3rd party professional financial markets analyst trading signals”, all of this completely free of charge only with Binary Xchange.
What is a trading signal?
Trading signal is a sign or a suggestion for executing the trade at a specific time and price. Trading signals can be generated by an automated system based on technical analysis or a human analyst or combination of both.
Social trading introduces a new way of analysing financial data by providing a ground to compare and copy trades, techniques and strategies.
Social trading has revolutionised the way people trade these days. It is the newest method of trading which allows the investor to analyse other strategies used by different investors (based on historical and live performance) in order to maximise their profit potential and follow/copy their trades automatically.
Furthermore it helps novice traders to gain valuable experience by copying trades of successful traders. It is a fundamental and invaluable practice for the correct decision-making in trading which shortens the learning curve while maintaining profits.
Robot or algorithmic trading is a modern alternative to manual trading. Such trading presents investors with a significant opportunity to maximise their trading potential by grasping right trading momentums with speed, accuracy and convenience.
Robot trading is based on a computer program generating trade signals in today’s Binary Option market and placing “Put” or “Call” orders depending on the given market opportunities completely autonomously.
Have in mind that robot trading can be fully automated or alternatively it can run in combination with manual trading up to user’s preference.
Dedicated Account Manager
As it was mentioned above, Binary Xchange really puts its efforts in the customer service. A client is being assigned to a dedicated professional account manager who makes sure that the investment journey of a client is always pleasant. Tailored care and approach includes and is not limited to answering any technical questions, structuring investment plans, preparing dedicated and custom market reviews, etc.
Promotions and Bonuses
Contact Binary Xchange for the updates on ongoing bonuses and promotions. At the moment Binary Xchange offers the following:
- 100% Deposit Bonus;
- 5 Risk Free Trades;
- Free Education (worth of $5000).
Customer Service: Phone, Email, Live Chat
Languages: English, Russian, French and Spanish
Trading Options: High/Low, Option Builder, One Touch, Trade Multiplier & Stop Loss Features.
Assets: Foreign Exchange, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: Short time, Long time, Custom.
Deposits and Withdrawals: Bank Wire, Credit/Debit Cards (Visa, Visa Electron, Master Card, Maestro).
Withdrawal Time: 1 hour
Demo account: Yes
References and Further Reading:
- Clicks vs. Bricks in the Emerging Online Financial Services Industry (Manuel Hensman)
- Customer Relationship Management (CRM) in financial services (Joe Peppard)
- Closeness, strength, and satisfaction: Examining the nature of relationships between providers of financial services and their retail customers (James Bernard)
- Applying the technology acceptance model to the online retailing of financial services (Christine Ennew)
- Fraudulent Financial Reporting: Consideration of Industry Traits and Corporate Governance Mechanisms (Mark Beasley)
- The adoption of Internet financial services: a qualitative study (Nancy Black)
- How to lengthen, deepen and broaden customer–firm relationships with online financial services? (Hui-Ju Chen)
- The experimental analysis of information security management issues for online financial services (Mukul Gupta)
- Factors That Affect Consumers’ Trust and Continuous Adoption of Online Financial Services (Shih-Ming)
- Information Technology Payoff in E-Business Environments (Kevin Zhu)
- Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets? (Shawn Cole)
- Customer Satisfaction for Financial Services: The Role of Products, Services, and Information Technology (Mary Meyer)
- Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Brainpower (Leif Edvinsson)
- Self‐service technology and online financial service choice (Martha Pennington)
- An empirically-based typology of product innovativeness for new financial services (George Avlonitis)
- Building loyalty with online financial services customers: Is there a gender difference? (Andre Leclerc)
- Financial services for the rural poor and women in India: Access and sustainability (Vijay Mahajan)
- Customer Preferences for Financial Services: An Analysis (William Boyd)
- New industrial financial services: What distinguishes the winners (Robert Cooper)
- The consolidation of the financial services industry: Causes, consequences, and implications for the future (Allen Berger)
7 Binary Options review: Binary Xchange: stars.