Binary Options Reviews – BinaryBrokerz

Product name: BinaryBrokerz
This site gives it a rank of: 6 out of 10
What does it cost?: Free to create an account, but requires $250.00 minimum deposit before your can trade
Who is behind it?: Managed by a holding company called DSMG UK
Website Link: www.binarybrokerz.com

INTRODUCTION

During my research of binary options trading, BinaryBrokerz is a name that frequently appears.

Simply put, binary options is trading on the stock exchange, whether it be in foreign exchange, stocks or commodities. This is huge business now and there are many different offerings available, so I have decided to include it here as a review of an online business opportunity.

You can watch their promotional video here:

 

BinaryBrokerz is relatively young, having been established in the latter part of 2014. Let’s take a look into the pros and cons of this opportunity.


WHAT’S GOOD ABOUT IT?

If you are going to venture down the route of binary options trading, you really need to be sure you have the best software around.  BinaryBrokerz is one of the few that have a highly advanced platform from TradeSmarter, which also supports social trading – one of the latest trends in binary trading.

What is social trading? Pretty much what it sounds like really. It enables you to view what is being traded and by whom. You can also follow and engage with other traders. It does allow you to see who is most successful and gives the opportunity to emulate what those traders are doing.

BinaryBrokerz is one of the few brokers who offer the benefit of a demo account, but you will have to create an account in order to access this.

Because risk levels can be varied with this platform, the payout ratios are not static. The individual trader can choose the level of payout desired, offset by the level of risk desired. Customised trading is also available through the more advanced StrategiX trading tool.

There are bonuses available, which start from 35% at the level of basic account and go up to a maximum of 85% for the VIP account. You have to be a high-performer to get to VIP level. There are also some risk-free trades available, depending on the type of trading account held – these normally range between 5%-10%.


WHAT’S NOT SO GOOD?

BinaryBrokerz are not a regulated body, so if you end up losing money there is no come-back for you.

Not available in the United States

 


WHO IS IT PITCHED AT?

Anyone who wants to get involved in trading online – except it is not available in the United States.

How to start trading with BinaryBrokerz


WHAT TRAINING/TOOLS DOES IT OFFER

BinaryBrokerz does offer an education center and professional one-to-one guidance if needed.

BinaryBrokerz Education Center

Some Unique Features

The platform has an inbuilt “Riskometer” which helps each trader set a risk ration for each trade you want to make.

Let’s look at an example:

         In order to get a high return on a trade, like 75%, the riskometer must be set to high – so if that particular trade fails,            there will be no rebate available

 Contrast this with a low-risk trade, with a return of 40% – the riskometer would be set to low and there is an  opportunity to get up to 35% back as a rebate, should that trade fail.

         Basically, the more you are willing to risk, the higher the potential return. BUT, also the greater the potential loss.

Types of Trades Available

BinaryBrokerz has three different types of trade

  1. the classic “high/low” options
  2. 60-second options
  3. StrategiX (for those that perhaps have more advanced strategies in place)

 


WHAT SUPPORT DOES IT HAVE?

There is customer support available via email communication, telephone and/or a Live Chat facility.

 


PRICE TO JOIN

It’s free to join, but it’s not free to trade. In order to make any live trades, you must first deposit money into your account.

Tiered Trading Accounts

  • Basic Trading Account = $250.00 minimum deposit
  • Silver Account = $1,000.00 minimum deposit
  • Gold Account = $2,500.00 minimum deposit
  • Platinum Account = $10,000.00 deposit

 


MY FINAL OPINION

BinaryBrokerz does seem to be one of the better binary trading brokers in the market, despite their relatively young age.

Awards for Trading Binary Stock Options with Binary Brokerz

The two main benefits for me are

  1. the security of operating in one of the most advanced trading software platforms – after all, you are relying on the information and ease of use in order to trade
  2. the ability to vary the degree of risk for your trading – this I think is especially important when starting out.

Alongside this I would urge some caution – it could be easy to get caught up in the nature of this and if you don’t educate yourself properly, you may as well be using a Roulette wheel. If you aren’t confident that you can control your trading then I would suggest you avoid binary trading options.

 

==> CLICK HERE TO TAKE A CLOSER LOOK

 

VERDICT: 

Legitimate

BUT BE CAUTIOUS

I do think there genuinely is potential for financial gain here, but there are enough concerns online as well that I’m not sure whether people feel they have been scammed by someone promoting this incorrectly, or whether they have lost money through their own actions and feel BinaryBrokerz is responsible.

However, I think it’s fair to say that this company is clear about what’s on offer and provide genuine support to their traders. If you are going to explore it further, please go directly to their website – don’t be tricked through third party promoters who are using binary options to promote other scams. (www.binarybrokerz.com)

 

WHAT DO I HIGHLY RECOMMEND?

Free Starter Membership at Wealthy Affiliate

 

For anyone interested in setting up and running an online business in affiliate marketing, I highly recommend Wealthy Affiliate. It’s 100% legitimate and free to join. Click here for more info.

 

 

If you have any comments or experiences of your own you would like to share, please do so below.

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8 thoughts on “Binary Options Reviews – BinaryBrokerz”

  1. Great review I have always been interested in trading just have never bit the bullet to try it because I am so afraid to lose money and there is so many different companies that who knows what one is actually a good one. most companies have fake reviews to make them look good and then you join and find out how fake they are and their promises of making money are not there. It is good to see reviews like this because it is coming legit and I learned alot about this company.

    1. Hi Curtis,

      Thanks for your comments. While researching the options for Binary Trading I too came across many companies with fake reviews. You do have to be careful as there are so many companies selling this idea now. All the best to you,

      Mara

  2. Hello,

    Thank you for your review, you know I have already ventured into this industry.

    You want to know the result? it is negative.

    I lost money, plus they dare call me by phone to offer me their asistance. But not at any price, unless I credited my account at least $1,500. Something I have not done, and I never will. As I informed them that my intention is not to credit the account, they threaten to close the account.

    We should be very very careful.

    Thank you

    1. Hello Edmond,

      Thank you for sharing your experiences with binary trading to try and make money. I do think you need to be careful in this arena, which is why I suggest great caution with Binary Brokerz, which are one of the legitimate options. Who were you using for your binary trading? It would be good to know so I can take a look at that provider.

      In order to have a good opportunity to make money through online business, I highly recommend Wealthy Affiliate, which you can join for free. You can read my review of them here.

      All the best, Mara.

  3. ROLAND WIREDU

    My first online trading platform that i used was binary trading. I created my a/c.Funding it was a challenge so I waited for my salary and then made my deposit, but when I tried the system within a few minutes I earned some dollars but at the end all the money I invested got me nothing. Nice stuff you got there but does the wealthy affiliate also require investing? Thank you.

    1. Mara Sturton

      Hi Ronald,

      No, the Wealthy Affiliate does not require any investment to join and a free account does give you plenty of opportunity to look around and take some of the learning courses. If you find it suits you and you want to use all it has to offer, there is a Premium Option. There are no further up-sells, and there is absolutely no pressure for anyone to become a premium member.There is a lot you can take advantage of with the free account, and I would always recommend anyone who is interested to join for free and take your time to see if it’s for you.

      All the best, Mara.

  4. Sounds pretty complicated to me. But what I understand is binary options are pretty much gambling. That’s what I read from other reviews. It is quite impossible to predict the direction of the commodity prices within a short period of time. But I am in no position to stress this. What’s your opinion?

    1. Hi Kenny,

      in a nutshell, yes it is gambling. The more knowledge you have of the financial markets, the better your chances will be of doing well with this. However, there are many, many stock trading platforms out there, some of which are dubious to say the least. BinaryBrokerz is one of the better ones around, with good training and support, so if someone is interested in making money this way, this platform is a good one to go with. Thank you for sharing your thoughts here, Mara.

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