Exbino Review

exbinoWe have been getting a lot of e-mails lately regarding a very progressive binary options broker called Exbino. Because of this we have decided to look at the website a little closer and see why this binary option broker is getting very popular. It is a site that you can rest assured you will be happy with and that will provide you with everything you need as far as binary options trading is concerned. Everything from the trading platform to the support system is well designed and adds to a seamless trading experience.

Basic information:

Online since: 2013
Jurisdiction: Gibraltar
Software: SpotOptions
Max Returns: 90%
Bonus: 100%
Minimum Deposit: €10
Minimum Investment: €1
Maximum Investment: €200
Currencies: USD, EUR, GBP, PLN
Mobile: Yes
Countries: All nations, but not USA

Pros:

− Has over 130 Tradeable assets
− Includes one of the most innovative customer support systems in the binary option marketplace
− Includes a FOREX trading platform for VIP+ accounts
− Features a low minimum deposit requirement of 150 Euros
− Has return on investments as high as 90%

Cons:

– Doesn`t have Spanish language
– The minimum withdrawal on Exbino is 25 Euros

7 Binary Options Rating:

4,5 stars

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Special Features

Offering a lot of possibilities for traders is what Exbino is all about. What is another special feature on Exbino; how about the fact that they offer several different account types. Their accounts seem to be based on rather small deposit amounts so this tends to open up a whole range of services to even those that only make a small deposit. That is great news for the casual binary options trader.

  • Exbino Standard Account

This is definitely an account type for the very casual binary options traders or those that are new to trading binary options. Don’t be fooled though, there are a lot of nice features that come with this account level.

A 200 Euro deposit is all it takes to get started at this level and that will give you a generous 25% signup bonus. This will also entitle this level account holder to one free withdrawal each month, access to Exbino’s education materials, assignment to a personal account manager, and introductory help to the web trading platform on Exbino.

  • Exbino Trader Account

This is an account type for mildly experienced binary options traders that have more than a basic knowledge of how to trade binary options.

A 1000 Euro deposit is all it takes to get started at this level and that will give you a generous 50% signup bonus. This will also entitle this level account holder to two free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 2% in payouts and introductory help to the web trading platform and trading strategies on Exbino.

  • Exbino VIP Account

This level is for very experienced traders who like to go after some big money and like a host of website features to help them get it.

A 2500 Euro deposit is all it takes to get started at this level and that will give you a generous 100% signup bonus. This will also entitle this level account holder to three free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 3% in payouts, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free iPhone 5C 16 GB or iPad Air 16 GB or as a welcoming gift.

  • Exbino VIPplus Account

This account level is for the really hardcore binary options traders that wants all the bells and whistles a broker can give them to help them be successful.

A 5000 Euro deposit is all it takes to get started at this level and that will give you a generous 2500 max signup bonus. This will also entitle this level account holder to free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 4% in payouts, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free iPad Air 32 GB Cellular or iPhone 5S 32 GB as a welcoming gift.

  • Exbino VIP and Forex Account

For the trader that wants the best trading experience possible in both binary options and FOREX trading this is the account level you must have. It caters to only the most ultra-hardcore traders in these two financial markets.

A 10,000 Euro deposit is all it takes to get started at this level and that will give you a generous 2500 max signup bonus. This will also entitle this level account holder to free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 5% in payouts, automated trading software, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free MacBook Air 13” as a welcoming gift. A FOREX platform tool is also included in this exclusive package.

When we took a look at the websites trading platform we decided to join by depositing 5000 Euro in an account and signed up for the regular VIP account. As with other binary options sites we don’t like the bonus withdrawal rules regarding deposit bonuses on Exbino; it is just something that binary options traders have to live with until somebody changes the rules. All the web brokers don’t let you withdraw profits made on bonus money until a certain volume of trading is reached. The worst part of the deal is that all losses are considered to come out of the traders own money first. All of us binary options websites are putting pressure on to get these rules changed on every website that allows binary options trading.

The rule on Exbino is you have to trade thirty times your deposit in order to be able to withdraw any of the deposit bonuses. One good thing is every user has the right to refuse he bonus money altogether.

Exbino Trading Platform

This broker proved how keenly aware they are to the binary options trading scene by choosing the TechFinancials software to build their trading platform with. There are very few software programs for the binary options market that are as easy to use and have such a sophisticated trading interface as the one TechFinancial’s makes. It is a platform that tends to make trading not only fast but also very easy and fun. The layout on the trading part of the platform is done in a way so everything is easily visible and also in a way that makes sense. There is even a feature at the bottom of the trading page that lets you track your portfolio and in process trades.

If you like having a lot of assets to choose from then Exbino has what you need there too. There are over 130 tradable assets that can be used throughout the platform. These include over 60 stocks, 10 commodities, 23 stock indexes and 35 forex pairs. This should be more than enough for even the most experienced binary options traders to choose from; everyone can find an asset they are familiar with and can trade successfully. They also offer a variety of different binary options choices to choose from; these include High/Low, One Touch, 60 second and Boundary Options. Boundary options are risky but potentially very profitable boundary and are great for those who are extremely comfortable trading based on bands and other somewhat similar strategies. A trader can also choose from such expiration times as 60 second, 5 minute, 15 minute, 30 minute, 1 hour, 24 hour, and End of Day expiration times. Again there is a lot of variety on the Exbino trading platform.

For those who trade with the VIP/FOREX account they also have access to the slightly different FOREX trading platform, so trading with Exbino is like joining two types of trading sites with just one broker. It’s a nice thing that Exbino offers those who are serious binary options and FOREX investors.

Customer Support

When looking at the Exbino website we really liked their innovative support platform. You can type a question on live chat and then a FAQ list will come up; if it does not answer your question then you can precede to the live chat help by pressing the 24 hours live chat button in the lower left hand corner of the screen. It is one of the most innovative support tools we have ever seen. The support does not start and end with the live chat feature either. There is also phone, Skype or direct sharing help also. Their support also can be accessed in several languages such as Polish, Russian, English, Czech and German.

Exbino Banking

The great TechFinancials Platform not only helps with trading but it makes banking a snap too. You will find few web brokers whose banking is as fast, easy and safe as the Exbino system. Add to that the fact the site is regulated in Montenegro and that makes banking even more safe and secure. All the transactions on Exbino are encrypted and the funds are held in accounts of Montenegro, Switzerland and Poland.

Deposits and Withdrawals

There are a variety of different ways to make deposits on Exbino. The easiest way is by credit as is the case with most binary options brokers but other methods such as Visa, Skrill Moneybookers, MasterCard, Sofort, Bank Wire Transfer, and Neteller can be used also. The minimum deposit to open an account is a low 150 Euro. Many of these types of deposits are credited immediately to the traders account.

The withdrawal process is very fast and easy also. Remember, if you trade with Exbino be sure to note the number of free withdrawals you have each month in order to avoid charges; as a reminder this depends on your account type. The minimum withdrawal on Exbino is 25 Euros.

One strange thing about Exbino withdrawals is that they only process them on Mondays, so if you need your money fast and it is Tuesday it will take a while to get the payment. Withdrawal fees are only $10 after the number of free ones you have are used up.

What Do We Think?

Exbino is a pretty good site to trade on despite a few minor nuisances. It is a web broker that will satisfy anyone who trades with them for sure. When you look at the overall quality of the website you can see what a thoughtful and in tune binary options broker they are.

The innovative support system they have in place is definitely one of the highlights of this review too; it is a great thing when a broker offers support in so many different ways. It is also a site that has fully encrypted banking practices which gives each trader the peace of mind that their sensitive information will always be safe and secure. Any binary options investor would do well to use the Exbino website as their binary options broker.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, German, Russian, Arabic, Polish
Trading Options: High / Low, One Touch, 60seconds, Boundary
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 5min, 15 min, 30 min, 1 hr, 24h, End of Day
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, Sofort, Neteller
Withdrawal Time: 2 – 3 days
Demo account: Yes

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References and Further Reading:

  1. Mood in foreign exchange trading: Cognitive processes and performance (Kevin Au, Forrest Chana, Denis Wanga, Ilan Vertinsky-2003)
  2. Computerized stock exchange trading system automatically formatting orders from a spreadsheet to an order entry system  (Sydney H. Belzberg-2000)
  3. Foreign exchange trading interface  (Andrew Peterson, Lawrence Miller, Irene Eaglesfield, Suzanne Hubble, Marc LeGelebart, Tamara Sablic, Robert Sagurton, Elena Theodorou, WanHo Wah, Aihua Zhou-2005)
  4. Method and apparatus for setting a price for a security on an automated exchange based on a comparison of prices on other exchanges (Jan Tilfors, Gary Katz-2002)
  5. For Whom the Bell Tolls: The Demise of Exchange Trading Floors and the Growth of ECNs (Jerry Mrcham-2008)
  6. Arbitrage in the foreign exchange market: Turning on the microscope  (Q. Farooq Akram, Dagfinn Rime, Lucio Sarno-2008)
  7. Lottery and auction based tournament entry exchange platform  (Joseph M. Asher, Dominic Crosthwaite, Howard W. Lutnick-2010)
  8. Automated exchange for matching bids between a party and a counterparty based on a relationship between the counterparty and the exchange  ( Jan Tilfors, Gary Katz-2002)
  9. System and method for enabling a configurable electronic business exchange platform  (Thomas Drolet, Michael Hooks, Robert Mitchell, Ed Kennedy, Charles Korolevich-2002)
  10. Automated futures trading exchange ( Susan W. Wagner-1990)
  11. Platform Investments and Volatile Exchange Rates: Direct Investment in the U.S. by Japanese Electronic Companies (Bruce Kogut and Sea Jin Chang-1996)
  12. Bubbles and Experience: An Experiment (Dufwenberg, Martin; Lindqvist, Tobias; Moore, Evan-2005)
  13. Price bubbles and crashes in experimental call markets ( Mark V. Van Boening Arlington W. Williams † Shawn LaMaster-1993)
  14. Why labour market experiments?  (Armin Falk, Ernst Fehr-2003)
  15. Fear and Greed in Financial Markets: A Clinical Study of Day-Traders (Andrew W. Lo, Dmitry V. Repin, Brett N. Steenbarger-2005)
  16. Stock Prices: A Problem in Verification (M. J. Fields-1931)
  17. Second-to-fourth digit ratio predicts success among high-frequency financial traders (John M. Coatesab1, Mark Gurnellc1 and Aldo Rustichini – 2008)
  18. Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets (Vernon L. Smith, Gerry L. Suchanek and Arlington W. Williams – 1988)
  19. Futures Contracting and Dividend Uncertainty in Experimental Asset Markets (David P. Porter and Vernon L. Smith-1995)
  20. Dividend timing and behavior in laboratory asset markets (Vernon L. SmithMark van BoeningCharissa P. Wellford-2000)
7 Binary Options review: Exbino: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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