Binatex is a brokerage company which was originally founded in 2015. Since then the brokerage has attracted the attention of many clients in a short time span.
After just two years in the industry, Binatex has received six international awards i.e. for a user-friendly interface, client support, creative approach, and offering a broad array of trading capabilities via their platform.
Introduction to Binatex
The Binatex website is available in a whopping 15 languages which show the broker’s focus on attracting traders from around the world. The company has a certificate of compliance from FMRRC which is a finance regulatory authority.
Binatex is one of the few brokers which has actually made an active effort to stand out from its competition by providing a high-quality service and is strictly regulated. However, before you start trading it’s important to get acquainted with the features of their trading platform.
Trades using Binatex as their broker can trade a number of currency pairs, company shares (like those of Apple, Facebook, Google, etc), commodities like gold and oil.
Over 145000 people use Binatex for their trading needs
Despite the total number of assets being smaller than with other competing trading platforms, the company has plans to increase the number of assets available significantly in subsequent months.
Binatex uses a platform that didn’t come packaged as a ready-made, out of the box solution. The platform has been developed from scratch by the brokerage firm.
One of the advantages is the ticker in real time mode, which allows traders to actively monitor the number of active traders as well as open transactions.
Charts can be opened in new tabs. The charts can also be rendered in both candle and linear format. The price quotations traders see come directly from Bloomberg, so you can be sure that the pricing and overall market data is correct and is not doctored in any way.
The platform also has sections like the economic calendar, trading signals and one which has training videos as well as their rating of the best traders that’s listed on the bottom of the platform. Traders have the option of customizing their screens by adding or removing what they don’t want to see.
When it comes to contracts, Binatex does not offer any variety right now because only one format is available using the traditional ”UP/Down,” with the expiration periods ranging from 60 seconds to 24 hours.
Benefits of the System:
- It is possible for newbie traders to use the system
- It offers a very good number of financial assets
- Web Protocols safeguard platform security
- Binatex accounts can easily be funded, and money can be withdrawn using Visa or MasterCard, as well as other convenient payment system.
Deposits and Withdrawals
Signing-up for a demo account only requires that a person enter in their email address into the form on the website, and verify their email address by clicking on the link emailed to them. Demo accounts are funded with $1000 USD of virtual money. However, the quotes are streamed in real time.
Traders can fund their account with as little as $10 or 10 EUR to trade in real time and gain access to the full plethora of features. The broker accepts payments in the form of credit cards i.e. Visa and MasterCard, in addition to other forms of electronic payment. The first deposit is matched with up to a 100% bonus of the initial amount.
Traders can withdraw money from their Binatex account the same way they funded the account. Withdrawals are processed within three business days and are usually processed on a first come and first serve basis.
The broker has imposed an upper limit on the total number of withdrawal applications a month which mainly depends on the trader’s level. The trader can always check their level by signing into their personal account.
All regulated brokers including Binatex requires traders to send in identifying documents for security reasons. The documentation also helps authorities identify people who use these systems for money laundering purposes.
However, if traders experience any issues with the process, the personal manager assigned can be contacted for assistance.
Binatex has an extensive training library which is meant to train both beginners and seasoned professionals alike. The educational section of the website comprises of dozens of publications and videos which cover everything from fundamental financial analysis to other more advanced technical topics.
For instance, one of the tutorials describes how traders can distinguish between various chart patterns, analyze the trading process and use indicators to improve their trades. More in-depth information can also be unlocked as a trader’s trading volume increases over time mainly based on the ranking system described above.
The Binatex website has an extensive training and learning section which consists of the following types of materials:
- FAQs – Answering some of the most common as well as a few uncommon questions asked by traders.
- Tutorials – Videos that describe the basic principles of trading strategies, using the platform, etc.
- Webinars – Conducted by professional stock traders and which reveal a lot of interesting information.
- eBooks – A detailed read on trading options.
- Glossary – With technical stocking trading terms.
- Trading Instruments – I.e. quoting time data, features, etc.
Despite being relatively new to the trading industry, it has proven to be a very reliable partner for a growing number of traders of almost every competency level. The broker has worked extensively on their trading platform to eliminate obstacles which are often created by other brokers.
It is for this reason that Binatex clients can fully immerse themselves into trading while being assured that the outcome of every transaction is not affected by price level manipulation.
Many traders claim that the broker is an industry game changer, especially in the binary options trading market. The company’s relatively short history so far shows that the broker is eager to improve. It also shows other brokers that their service can become more affordable and attractive with further fine tuning and better features.
- Low minimum deposit
- Demo account available
- Regulated by FMRRC
- Repays traders for losing trades
- Interesting account system
- Easy to understand statistics
- 24/7 support
- Nice welcome bonus
- Limited number of assets on offer
Latest posts by John Miller (see all)
- Interview of Daria Glazko from IQ Option - July 20, 2016
- IQoption Adds New Deposit Feature and Forms New Partnership - July 5, 2016
- How Binary Options Changed My Life and Got Me Out of Debt - June 7, 2016