We have found out that BKTrading is not a reliable broker and decided to blacklist it. 7 Binary Options does NOT recommend trading with BKTrading.
We recommend choosing one of our top binary option brokers instead:
Try also Binary Option Robot if you are looking for automated binary trading.
BKtrading is a well-rounded broker that has a very good selection of options choices and a generous amount of assets to use with those options. It helps cater to the many needs of their investors by doing such things as providing them with excellent educational materials on trading binary options and by offering them outstanding 24/7 customer support services too. Read on further and we will tell you all the good and bad about them in this review.
Online since: 2015
Max Returns: 85%
Minimum Deposit: $10
Minimum Investment: $5
Maximum Investment: $1000
Currencies: USD, EUR, GBP
Countries: All nations excl. USA
– It is a site with a very user friendly platform
– Has a social trading feature
– Allows high risk/high reward Ladder trading among its many option choices
– Very good educational academy
– Demo account available
– Handy mobile trading app
– Basic site but everything works well
– Could use a few more assets to trade
– High withdrawal fees
7 Binary Options Rating:
BKtrading Special features
We feel this trading site offers a nice amount of special features that will enhance their traders’ chances for success. As was briefly mentioned, those features start with an excellent binary options trading academy that includes such things as highly informative videos that cover everything from basic to advanced trading skills. It is well known that the most successful traders will learn the power of the markets and what to look for in them that impacts asset price trends; BKTrading’s educational materials will make it much easier for their investors to do such things as technical analysis to help their trading.
They also have an excellent eBook that is targeted at those investors that are new to binary options trading and very well run webinars that will improve an investors trading knowledge also. BKTrading rounds out an investor’s educational experience by offering such things as economic reviews, trading calendars, binary options trading signals, sound investment advice from veteran traders and offers special educational promotions too.
There is a demo trading account available for those that sign up to trade with BKTrading. It is an excellent way for new traders to learn how to trade binary options risk free and for veteran binary options traders to acclimate themselves to BKTrading’s web platform.
Although our reviews are mostly targeted at the actual trading that is done on a website, we would be remiss not to mention if a web broker does a nice job of helping their investors learn more and improve their skills for binary options trading such as BKTrading.
BKtrading Trading Platform
This web broker made a smart choice by choosing Spot Option’s (Banc de Binary, 24option, Porter Finance, IQ option ) very popular trading software to help them build their trading platform. It is a great way that is time tested for building trading platforms that are visually pleasing and very user friendly. It is a trading platform that has been nicely designed to help an investor get the most out of their binary options trading experience. We were very pleased when we tested the platform how well the data streams flowed and how the analysis tools worked without any problems.
BKTrading has a nice assortment of binary options to choose from. You can trade with them if you are an investor that likes the heart pumping action of short term trading or you prefer option choices that are a little longer term. There is an option choice that should satisfy just about any trader’s needs.
It all starts with the highly popular and time tested classic high/low options. With this type of option it’s all about predicting an assets price trend at the expiration time. This can be done in either short term time frames such as ultra-fast 60 second ‘turbo’ options or in longer time frames such as 24 hours. Longer time frames tend to work best for those investors that like to do fundamental investing. All the option choices we tried seemed to work well on BKTrading.
They also offer the exciting but somewhat risky One Touch Options; these can payoff very well if predicted right. The objective with these types of options is to define a price point that an asset will get to at some point during the entire duration of the trade.
Most everyone including us likes trading with pairs options. These are a little tricky because you have to gauge the performance of two separate assets as they relate to each other. Pair options are great for learning the tendencies of assets in a particular sector of the market.
All the option choices will be done using one of over 60 assets that the website makes available to place trades with.
There is also the ProFollow social trading feature the website has that lets you see how successful other traders are so you have the option to mimic the better investors trades. A handy mobile trading app only adds to the appeal of this web broker.
BKtrading Support Services
It was mentioned earlier that BKtrading has a very good customer service support system. They can easily be contacted by such fast means as live chat, Skype or by phone. Email is a little slower but even that method had our inquiries answered quickly when we tried it. We found the customer service reps we contacted to be efficient, respond quickly and very knowledgeable about the website.
Customer service can be done in such languages such as English, Russian and Spanish. We had no complaints at all about BKTrading’s customer support team.
Banking is simple with this broker and they offer all the normal banking services that many brokers have. Deposits can be made using such popular methods as Visa, MasterCard, Diner Club, American Express and of course bank wire transfer ($25 fee). All accounts need to be verified with this broker and the site is safe and secure with SSL encryption. One thing that we were not totally thrilled with was the minimum withdrawal limit and the steep withdrawal fee of $25 that went along with that.
Our Final Thoughts
There is nothing really fancy about BKTrading but everything we tried on the trading platform seemed to work well. Their excellent education center and easy to use trading platforms will real bonuses in our eyes. We have no problem recommending our readers to give this web broker a try if they like what they have read here.
Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, Russian
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Early close: No
Expiry Times: High / Low, One Touch, 60seconds, Long Term, Touch Options, Pair Options, Ladder Options, ProFollow
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire
Withdrawal Time: 1 – 2 day
Demo account: Yes
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