BullBinary Review

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BullBinary

Rating: 6.0/10
BullBinary Home Page Screenshot BullBinary Trading Platform Screenshot
Broker BullBinary
US Traders Accepted
Company Name Spot Capital Markets Ltd.
Headquarters Larnaca, Cyprus
Regulation CySEC (license #210/13)
Max Payout 85%
Out-of-Money Reward 0%
Trading Platform SpotOption
Early Closure
Deposit Options Credit/debit cards, bank transfer, Skrill, Neteller, Astropay, Paysafecard, WebMoney, TrustPay, Neosurf, EPS, Giro Pay, Sofort, Monetarum Ticket, Surf, Solo, Hal Cash
Deposit Currencies Euro, US dollar, Great Britain pound, Hungarian forint, Polish zloty, and Czech koruna
Minimum Deposit $250
Minimum Trade $1
Maximum Trade $1,000
Online Since 2013
Trading Instruments Currencies:
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/RUB, GBP/USD, NZD/JPY, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR
Stocks:
3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, ALPHABET (GOOGLE), AMAZON, ANZ BANK, APPLE (US), AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, CATERPILLAR, CITI (US), CK HUTCHISON, COCA COLA (US), COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON AG, EBAY, EXXONMOBIL, F5 NETWORKS, FACEBOOK, FEDEX, FERRARI, FREEPORT MCMORAN, GAZPROM (RUSSIA), GENERAL ELECTRIC, GENERAL MOTORS, GODADDY, GOLDMAN SACHS, GROUPON, HSBC HOLDINGS (LONDON), HSBC-HK, IBM, INTEL, JOHNSON & JOHNSON, JP MORGAN CHASE, LAS VEGAS SANDS, LUFTHANSA, LUKOIL (RUSSIA), MASTERCARD, MAZDA MOTOR, MCDONALD’S, METRO AG, MICRON, MICROSOFT (US), NETFLIX, NIKE (US), NISSAN MOTOR, PETROBRAS, PFIZER, PROCTER & GAMBLE, RIO-AU, ROSNEFT, S.BANK INDIA, SALEFORCE.COM, SAP, SBERBANK (RUSSIA), SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS (INDIA), TATA STEEL, TELEFONICA, TENCENT HOLDINGS, TESLA MOTORS, TEVA .TA, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VOLKSWAGEN, VOLVO, WAL-MART, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V
Commodities:
COCOA , COFFEE, COPPER , CORN , COTTON , GOLD, GOLD/EUR, OIL (LIGHT SWEET CRUDE), ORANGE , PALLADIUM , PLATINUM, RICE , SILVER, SOYBEAN , SUGAR, WHEAT
Indices:
AFRICA 40, ASX, ATHENS, BOMBAY SE, BOVESPA, CSI 300, DAX (GERMANY), DOW (US), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), FTSE F, FTSE MIB F, HANG SENG (HONG KONG), IBEX, KUWAIT (KUWAIT GENERAL INDEX), MICEX 10 (MOSCOW INTERBANK EXCHANGE), NASDAQ (US), NIKKEI225 (JPN), RTS FUTURE (RUSSIAN TRADING SYSTEM), RUSSELL 2000, S&P 500 (US), SHANGHAI COMPOSITE, SMI, SSE180 (SHANGHAI STOCK EXCHANGE), TADAWUL (SAUDI STOCK EXCHANGE), TEL AVIV 25, TOPIX 100, TSX 60
Number of Trading Instruments 180
Binary Option Types High/Low, 60 Seconds, Long-Term, Pair Options
Customer Support Types Phone, email, live chat
Education Offered Webinars, trading videos, tutorials, ebooks, and online courses
Tools Offered Economic calendar, market news, and social trading
Commission 10$ fee on all methods of withdrawal
Languages English, Chinese, Russian, Portuguese, Italian, Arabic, Czech, Greek, Hungarian, French, Spanish, Polish
Demo Account Yes (upon deposit)

BullBinary is a fairly established binary options broker. The service was first available in 2013 and was created by a company called Spot Capital Markets Ltd. This is a reputable company in the online binary option trading industry. They are licensed and regulated by CySEC, which provides a safer and more secure trading environment. Bullbinay uses OptionSpot as their trading platform provider. This platform is highly reliable and is becoming a very popular choice for brokers. This is due to the easy to use interface and the variety of trading instruments available. Currently this service is available to most countries outside the United States and have their platform offered for the web.

Getting Started

Getting signed up with BullBinary is straightforward and easy process. To open a live account, you simply fill out the registration form, choose your preferred currency, select your payment method, and then confirm your account through email verification. The account registration is free of cost. At the moment, their demo is available only for funded customers.This gives beginner traders the limited ability to test the platform out and get a feel for how everything works.

Depositing and Withdrawing from Account

Depositing funds with BullBinary is what you would expect from a reputable broker. A user simply goes to their account page, selects “deposits”, and then chooses whatever deposit method best suits them. One great benefit that is unique to this platform is the number of eWallets that users have the option to use. Skrill, Neteller, Astropay, Paysafecard, WebMoney, TrustPay, Neosurf, EPS, Giro Pay, Visa Electron, Sofort, Monetarum, Ticket Surf, Solo and Hal Cash are of the many eWallets available. Along with this credit/debit cards like Visa, Mastercard, Maestro, and Bleue are also available to deposit funds with. Wire transfers are offered as well. The minimum deposit amounts starts at $250 and there are no fees if you use an eWallet or credit/debit card. Banks may charge a fee for a wire transfer but that depends on your bank so make sure to do your research before selecting this method.

To withdraw funds from your account, you must fill out a withdrawal request form and send it to BullBinary by email. The withdrawal request form involves having a valid phone number that will be used by customer service to confirm verification, colored both sided copy of proof of identity (ID or passport), and proof of address (recent utility bill or bank statement) Once a form is submitted, it typically takes about 3 business days for them to process and approve the request. This can be seen as a drawback but is pretty typical of modern binary option brokers. After the request is approved, funds will generally show up in your personal bank account within a week. There is a $10 fee for all methods of withdrawal.

Account Types

The BullBinary platform offers users to choose from four different accounts types. Each type of account has differences in the minimum deposit required, instruments able to trade from, payout levels, trading tools, and educational resources available. The following shows the various account types and what features come with each of them.

Standard

  • Minimum deposit of $250
  • 120+ assets to trade from
  • Up to 83% payouts
  • 2 webinars offered
  • Level 1 trading reports
  • 1 coaching session
  • EBook, insurance, and video tutorial
  • Multilingual email support

Silver

  • Minimum deposit of $1000
  • 140+ assets to trade from
  • Up to 85% payouts
  • 4 webinars offered
  • Daily analysis and advanced trading reports
  • Level 2 coaching session
  • EBook, insurance, and video tutorial
  • Multilingual email support

Gold

  • Minimum deposit of $5000
  • 160+ assets
  • Up to 85% payouts
  • Unlimited webinars
  • Level 3 trading reports and coaching sessions
  • EBook, insurance, and video tutorial
  • Multilingual email and live chat support

VIP

  • Minimum deposit of $10,000
  • 180+ assets
  • Customized webinars
  • Unlimited trading reports and coaching
  • EBook, insurance, and video tutorial
  • Multilingual email and live chat support

Before choosing an account, consider the type of trader you are, how big your bankroll is, what educational resources you will be needing, and the type of customer support that you would like to have. As you can see, BullBinary has an account type for both beginner and expert level traders.

Trading Platform

The service uses the SpotOption 2.0 trading platform. It is available through their website and mobile applications. Both iTunes and Google Play carry this app in their marketplaces. It is free to download. The platforms interface itself is intuitive and straightforward. The layout of features is well organized and makes for a very user friendly trading experience. Both candlestick and line charts are available to view, the underlining assets price is clearly displayed, expiration times are visible, and the potential payout of a trade is always shown. The major downside to this platform is that they don’t offer any integrated charting tools. For more technical or advanced traders this is very important and may be a deterrent. However, overall, the platform performs as you would expect and the basic functionality of a typical binary options broker service.

Educational Resources

This is where BullBinary really shines as a broker. They offer a wide range of learning tools and educational resources. Live webinars, one on one training sessions, trading tutorials, introduction videos, eBooks, and information on trading strategies are all available to its users. It can also be integrated with the ZuluTrade, which is one of the largest social trading networks. You can easily connect with Zulu and start trading yourself or even let it auto trade. If you are new to trading or even if you have some experience but want to learn more, BullBinary offers great tools to sharpen your skills.

Conclusion

This broker offers typical features found in many trading platforms and has a growing reputation as a reliable service. The user friendly interface, number of trading instruments available, payment methods to choose from, and educational resources offered are all advantages of using BullBinary. On the other hand the lack of more advanced charting tools may stop more advanced traders from choosing this broker. Overall, the broker is growing in popularity and should be considered when looking for a binary options broker.

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