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It is a nice little change when we come across a binary options broker that prides itself not only on being a good site to trade on but also that takes pride in bringing investors a satisfactory trading experience while doing it; that is the motto of BinaryBrokerZ and that is why we decided to review this site and see how they do things.
It is a web broker that definitely emphasizes the personal side of trading. As we took a look at the site, the little things they did to make the trading experience even better were a nice touch. It is our opinion that this broker is a welcome addition to the binary options trading market and you will see why as this review unfolds.
Online since: 2014
Max Returns: 92%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $2000
Currencies: USD, AUD, CAD, EUR, GBP, RUB
Countries: All but US
– It’s a very user friendly website
– It offers a large variety of account levels
– Very fair bonus trading requirements
– Professional looking trading platform
– Has social trading features
– Demo account is available
– Customer Service can improve by answering questions other than just technical questions
– The FAQ section needs to be improved
7 Binary Options Rating:
Special Features on BinaryBrokerZ
The special features start with a wide array of loyalty programs which lead to some nice bonuses for those that trade with them. Here is an overview of their account types and some of the loyalty bonuses that go along with each account:
− Basic Account
This account level is obtained by depositing from $250 – $999 and features a welcome bonus up to 35% of that deposit. Important features at this level include 5 trading lessons, a basic eBook, the websites own review of the current market situation, a non-personal broker and a demo account with $1000 in virtual money.
− Silver Account
This account level is obtained by depositing from $1000 – $2499 and features a welcome bonus up to 45% of that deposit. Important features at this level include 10 trading lessons, a basic eBook, the websites own review of the current market situation, a personal junior broker, 5% risk-free bonus and a demo account with $5000 in virtual money.
− Gold Account
This account level is obtained by depositing from $2500 – $9999 and features a welcome bonus up to 65% of that deposit. Important features at this level include 25 advanced trading lessons, an advanced trading eBook, the websites own review of the current market situation, a personal senior broker, 10%risk-freee bonus and a demo account with $15,000 in virtual money.
− Platinum Account
This account level is obtained by depositing from $10,000 – $24,999 and features a welcome bonus up to 85% of that deposit. Important features at this level include 50premier trading lessons, an advanced trading eBook, the websites own review of the current market situation, phone trading alerts, a personal chief broker, 10% risk-free bonus and a demo account with $50,000 in virtual money.
As you can clearly see there is a lot of variety in the account levels that BinaryBrokerZ offers; there is an account level that any novice or veteran trader would be comfortable with.
One of the best features we found when doing this review is that BinaryBrokerZ does not lock your original funds when you accept the welcome bonus; we believe every binary options website should do this very same thing. We understand why bonus money needs trading stipulations before you can withdraw it but we don’t understand why many web brokers don’t let you withdraw your own original funds until bonus requirements are met.
There is also a nice educational section on this website. They do such things as provide their traders with video tutorials, give them market insights and also give them a lot of helpful data.
Trading Software and Assets
BinaryBrokerZ has a very advanced trading platform. They are in with a relatively new brokerage platform designer called ‘TradeSmarter’; this developer is quickly establishing a positive opinion of them in the binary options trading platform market. They design a website that has a very professional feel to it and runs very smoothly.
They offer such options as High/Low options, One Touch options, 60second options, Long Term options, Boundary options, and the popular Option Builder. They also have trading platform features like Tunnel Trade and Option on Demand that many traders really like. Tunnel trades have options that include several different strike prices but traders have to be very aware of the possible range of movement here.
The broker’s asset list also includes some 30 assets which are broken into 7 stocks, 11 different indices, 5 popular commodities and 8 currency pairs. That is an amount of assets that is a little lower than we like to see.
BinaryBrokerZ has also gotten into social trading like many other web brokers, like Binary Option Robot and Banc de Binary. This is a feature that allows traders to track the trades of successful traders and make the same trades themselves if they like.
Mobile trading is also available with BinaryBrokerZ. This is a great feature for those who are not able to get enough computer time at home to trade as often as they may like.
Support and Services
The web broker’s customer service team was responsive and thorough. The only bad thing is that they really did not answer any questions besides technical ones, so there was a little bit of an impersonal and lack of well-rounded feel with the customer service center. The FAQ section could definitely be upgraded and expanded to help traders avoid calling customer service so much too. We feel that this broker is so responsive to their many traders that they will improve upon these weaker areas soon.
Banking and Company
The website they run is really safe and secure thanks to its SSL encryption; it gives a trader a lot of peace of mind that their sensitive financial information will be kept safe. There is also a good ID validation process in place when a customer is going to make a withdrawal.BinaryBrokerZ takes security on the website very seriously and that is a good thing.
The minimum deposit is $250 which is very standard in the industry. Withdrawals and deposits can be done by using such means as Visa, MasterCard, CashU, WebMoney, Skrill Moneybookers, Neteller and bank wire transfer. Processing withdrawals takes about 2 – 5 business days which is a little bit longer than we like to see. There are no fees when withdrawing but they will charge for bank wire transfers. By enlarging the banking system that is in place is both fair and very secure.
Our Final Thoughts on BinaryBrokerZ
All of us who helped review this web broker came away really liking this broker. They made a very professional looking site that was easy to navigate around and place binary options trades with. There were a lot of outstanding features on the site and we especially liked the social trading feature they had.
There is just a lot to like about BinaryBrokerZ and not much that disappointed us about it. Banking was done in an easy and well thought out manner, and their customer service was prompt and thorough when we contacted them. We have no problem recommending anyone to give this web broker a try.
Customer Service: Email: [email protected]
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Option Builder, Touch Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 2min, 5min, 15 min, 1 hr, 24h, 24 hr+
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, CashU, Maestro, Visa Electron, WebMoney, Neteller
Withdrawal Time: 2-5 days
Demo account: Yes
Binary Brokerz Articles:
References and Further Reading:
- The Regulation of Insider Trading (Dennis W. Carlton and Daniel R. Fischel-1983)
- Trading system (Kenneth N. Rudd -1981)
- The Relation Among Capital Markets, Financial Disclosure, Production Efficiency, and Insider Trading (Stanley Baiman and Robert E. Verrecchia – 1996)
- Analysts’ Forecasts and Brokerage‐Firm Trading (Paul J. Irvine -2004)
- The Impact of Trading Commission Incentives on Analysts’ Stock Coverage Decisions and Earnings Forecasts (Rachel M. Hayes-1998)
- Encyclopedia of Corporate Social Responsibility (Idowu, Samuel O ;Capaldi, Nicholas ;Zu, Liangrong ;Gupta, ananda Das – 2013)
- Pattern recognition techniques [in stock prices and volumes] (P. Blakey – 2002)
- System for trading financial assets using volume weighted average price (Bin Li, Michael Wu, Nan Lu – 2002)
- Dynamic order visibility system for the trading of assets (Carl Huttenlocher, Jason Andrew Topaz – 2003)
- Method and apparatus for trading assets, capital, and information (Rahul Dhir – 2002)
- System and method for electronic trading of assets ( Steven A. LaPierre – 2008)
- Methods and systems for trading futures contracts for intangible assets (Howard Lutnick, Glenn Kirwin, Joan Kirwin, Andrew Gilbert, Mary Gilbert – 2003)
- On the impact of a common currency on bilateral trade (Eduardo Levy Yeyati-2003)
- Order flow and exchange rate dynamics in electronic brokerage system data (OrdeDavid W. Berger, Alain P. Chaboud, Sergey V. Chernenko, Edward Howorka, Jonathan H. Wright-2008)
- Risk in Carry Trades: A Look at Target Currencies in Asia and the Pacific (Jacob Gyntelberg, Eli M. Remolona-2007)
- Interest rate parity tests: Switzerland and some major western countries (Pierre-Alexis Cosandier, Bruno R. Lang-1981)
- Detecting a currency’s dominance or dependence using foreign exchange network trees (Mark McDonald, Omer Suleman, Stacy Williams, Sam Howison, and Neil F. Johnson-2005)
- The High-Frequency Effects of U.S. Macroeconomic Data Releases on Prices and Trading Activity in the Global Interdealer Foreign Exchange Market (Chaboud, Alain and Chernenko, Sergey and Howorka, Edward and Iyer, Raj S.K. and Liu, David and Wright, Jonathan H.-2004)
- Simple trend-following strategies in currency trading (Jessica James -2010)
- Currency carry trade regimes: Beyond the Fama regression (Richard Clarida, Josh Davis, Niels Pedersen-2009)
7 Binary Options review: Binary BrokerZ: stars.
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