Binary.com Review – is Binary.com Scam or not

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  • Binarium
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    1st Place! Best Binary Broker 2020!
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  • Binomo
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    2nd place! Good choice!

Is Binary.com a scam?

Is Binary.com a Scam?

Binary.com has been in the trading business since the year 2000, so we think it’s pretty safe to say that they have proven their reliability time and time again. With over a million satisfied clients, there shouldn’t really be any doubt whether this company can make good on its promises. However, if you’re still a rookie trader wondering is Binary.com a scam or not, we will show you everything that keeps you safe on this website. Our team of traders went in and examined the website’s security in a very detailed manner, so if you want to learn about that you’re in the right place. Stay with us and see how an experienced broker protects its clients.

Is Binary.com a Scam? | A huge number of licenses

The most reliable evidence of how secure a binary options broker is are the licenses the company has in its possession. Given that Binary.com has been in the business for so long, you would expect it to have a license of its own and you would be right. However, there is something pretty remarkable this company has achieved in this respect, something that really puts it above all other brokers. You see, this company has no less than SEVEN different licenses! That’s right, seven of them! We have never encountered a broker that comes even close to this, so it really had to be mentioned right at the beginning of our Binary.com scam test. The licenses in question come from the Isle of Man, United Kingdom, Malta, Vanuatu, British Virgin Islands and Labuan (Malaysia). The agencies from these countries are all well respected in the world of online finance and we could end our article right now and leave it at that, but we will show you more evidence that Binary.com security system works perfectly. Read on!

Is Binary.com a Scam? | Safe transactions

Asking “Is Binary.com a scam?” usually first and foremost means that you want to make sure that the broker will always treat your money the right way. Well, you certainly don’t have to worry about that here. Apart from 11 different methods for deposits and Binary.com Withdrawal and very low financial requirements, you can count on the utmost security of your personal and financial data. First of all, an impenetrable SSL encryption makes sure you are the only one with access to that information. Second, everything the broker does or asks of you is in full accordance with international anti money laundering practices and trading laws and regulations.

Binary.com Payment Methods

Should you have any complaints regarding the way this company conducts its business, you can always file a complaint to them and if its outcome does not satisfy you, you always have the option to take things to one of the company’s regulators. In short, there is always a way for you to seek justice if you feel that you were wronged, but we honestly think it won’t come to that. This broker is simply too professional and does its best to make sure traders feel good on their website. However, there are more things to discuss, so keep reading!

Binary.com Review Visit site

Formerly at BetOnMarkets.com. Related sites include Deriv.com.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Consumer Reviews

Definately the is nothing respectable about Binary.com

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Today on the 2nd of Jan 2020 I decided to trade. With my new understanding every trade was in profits. I was closing in profits and since I was trading Crash 500 I kept my Stop Loss in the money.

But that seemed to not help me at all as now suddenly trades in the money weren’t safe. They lost money. I deposited again and the same thing happened. I have the screen shot if you have any doubts and now I am trying to withdraw my money and leave this rubbish broker but I am only given the option of skill, perfect money and neteller to withdraw.

This has been a bad experience

Service use: Live

Length of use: 0-3 Months

Not sure this is something that someone else has experienced but i have had my trades in binary cancelled due to something they said in the lines of “the underlying market has moved too much since you priced the contract. The contract payout has changed from . ” see this screenshot (https://imgur.com/326aWWn)

4 trades cancelled in one day. never had this issue before am just wondering whether its some sort of price manipulation or just an isolated case. To make things worse the trades cancelled were all in money. And this comes after a good run of profiting . I guess they just found out my strategy is a threat to their profits.

Am giving them a 2 star for now. will come back to revise my rating should once i verify this is either an isolated case or part of a scam.

Nov 6, 2020 – 4 Stars Binary.com is okay.. at first is saw some discrepancies between mt4 charts and their charts but later realised every broker out there has different data feed source. I searched for a forex broker who has data feed as same as binary.com and opened a demo account with the forex broker so as to use their account on my mt4. My mt4 charts and binary.com charts were now almost synchronised.. practised on demo account for a few weeks and now am using live trading and i have not seen any difference between demo and live account.

For those notising huge difference, say of more than 2 pips between mt4 charts and binary broker charts, i suggest you comb the internet and find a forex broker offering mt4 account and whose data feed is as close to your binary broker as possible

Binary.com Review

Introduction

Owned by Regents Market Group, Binary.com was first set up in 1999 and licensed in the Isle of Man and Malta. As one of the more established binary options brokers, Binary.com wasn’t always known by this name. In fact, until 2020 it was known as BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.

With offices in Malta, Malaysia and Japan, the company now has over 1 million registered accounts worldwide and handles approximately 15 transactions per second. The site is published in 12 languages to cater to their worldwide clients. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.

A multi-award winning trading platform Binary.com’s success is built on their flexible trading, simplicity, sharp prices, trust and security. With over 2 billion dollars traded to date and their commitment to providing a first class client service, they have managed to maintain their position while many others have entered the market around them.

In this review, you will learn:

    What types of accounts are available to traders The payouts you can expect from successful trades All the functions and usability of the platform

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Unlike many brokers, there isn’t a menu of accounts to choose from, there are just Virtual and Real accounts.

Virtual Account

When you visit the desktop or mobile site, you are encouraged to open an account, but it’s a Virtual Account, not a Real Account. Follow the steps to open an account, and you are asked to enter a verification code sent by e-mail to complete the process. Once you have done this, you have your very own live Binary.com demo account with $10,000 to practise with. A Virtual Account or “demo account” as they are also known to allow the novice trader to practise and get used to trading binary options before risking their own real money.

Real Account

Once you have got to grips with the platform via your Virtual Account, you can then open a Real Account with as little as $5. This low deposit amount is much more accessible than other binary options brokers who require a minimum of 250 dollars and is a contributor to their popularity with so many account holders. It’s a swift and easy process to open a Real Account, and with a few simple details within minutes, your account is live, and you are ready to trade. There is a menu box that allows you to move between your Real Account and your Virtual Account and to stop you getting carried away you are asked if you would like to receive an update or “reality check” and at what intervals.

Trade Types And Payouts

The payout percentage changes in real time for all trade types. Unlike other brokers that may state a payout of 85% for a simple binary call/put trade the Binary.com platform updates as you watch. Second, by second the payout amount rises and falls, allowing you to pick when to make your trade. As an indication, the trader can expect to achieve a return of around 85-86% for a successful trade. The minimum trade amount is just $5, which makes this a decent beginner broker.

As with many of its peers, the Binary.com platform offers the following types of trades.

Call/Put Options

This trade type has two options. Rise/Fall or High/Low; A simple prediction of whether the asset will rise or fall in price in the allotted time.

Touch/No Touch Options

Profits are much higher with the type of trade with a return of around 1,000%. Again it is difficult to predict the exact return as the prices change in real time.

In/Out Options

With In/Out trading, there are two options. Ends In/Out or Stay In/Goes Out with returns again of around 1000%.

Traders can expect to achieve an excellent rate of return with Binary.com, around 86%.

Bonuses And Promotions

With such a low deposit amount required, it is no surprise that Binary.com don’t need lots of attractive bonuses to entice people to sign up to their trading platform. However, there is a $20 welcome bonus offered to those that open an account with just 5 dollars. It isn’t something that is widely advertised, however, and someone wishing to open an account in this way would need to search for Binary.com bonus to find the option.

Mobile Trading

While Binary.com has made many technological advancements and offer such an intuitive trading platform; there is no mention of a dedicated mobile app. Upon further investigation, when searching the App Store on iOS or Google Play, it would confirm that there is no app available for both iPhone, iPad or Android devices. That said the mobile platform is highly functional, straightforward to use and not overcomplicated.

Opening an account on any site on a Smart Phone can sometimes be a fiddly experience, but when you sign up to Binary.com, the data input boxes are clear, functional and easy to use while being big enough to see what you are doing without squinting.

One of the great features of the mobile is the prominence of the account that the trader is currently using. In the top right-hand corner of the screen is a drop down box with the option to switch between accounts. As well as a clearly labelled differentiation between the virtual and the Real Account there is also the account number, so you don’t have to go rooting around should you ever need to call support.

Deposits And Withdrawals

There are many ways to deposit funds into your Binary.com trading account. Choose from debit or credit card; Visa, Mastercard or Union Pay. You can also use a Bank Wire or Money transfer, or one of many E-Cash methods such as Skrill or OK Pay. As previously mentioned the initial minimum deposit amount required is only $5 and cleared funds will be available to start trading immediately.

Withdrawals are made via the same method as deposits, so if you made your deposit via a credit card any money that is withdrawn will be sent back to the same card. Once a withdrawal is requested, a verification token is sent via e-mail to ensure security. It then takes between 1 and 5 days for the money to be returned. The processing time depends entirely on whether you are using a wire transfer, credit or debit card or e-cash.

We advise all traders to ensure they have followed the proper verification and identification process to avoid any withdrawal problems. While performing our Binary.com review, we had no banking issues to report.

Special Features

One of the key features of Binary.com is its unique “fixed odds” trading platform. The platform allows you to set your trading price and tells you the amount you will be returned, which essentially allows you to choose your profit. When you start trading the amount needed to achieve a 10 dollar return, for example, will move up and down in front of your eyes. Once you confirm your trade, it is locked in, and your payout amount remains fixed.

As mentioned above, it is evident that the critical feature of Binary.com is the fact that you can open an account with only $5. While many competitors offer a lengthy and possibly complicated menu of accounts and options, this low deposit option is probably the key reason that they have as many account holders as they do.

Customer Support

With many binary options traders, you can log in and immediately see how to contact a member of customer support. This may be in the form of an intrusive live chat box that pops up to check you are ok or by a prominent button should you need to start a live chat. With many brokers, you will find a list of numbers depending on your country and a list of contact methods.

Now while all of this is available with Binary.com, it isn’t as visible, and you do need to go looking for it. By scrolling to the bottom of the desktop site, you will find a small “Contact us” link. Once you open up this page, you do get a choice of telephone numbers, e-mail or live chat and on further examination, there is a drop down box to allow you to choose the relevant country you wish to call. There is also a list of addresses to write to.

Here are the contact details for Binary.com:

    Email – [email protected] Phone – +44 016 668 000 42 Address – Binary Investments Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta

Conclusion

Here we’re going to wrap up our Binary.com review. Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to have the added advantage of many of the leading binary options traders in that you can open an account with as little as $5. This may be a reflection of their “no frills” offering with the lack of an app and other features that you might expect to find. The information on offer is basic, and they don’t appear to shout about the benefits of the platform. Their focus seems to be on the ease of use when it comes to trading and the fact that they boast a unique trading platform.

During our thorough and detailed Binary.com review process, we found a few complaints and no evidence that this broker is a scam. Their longevity stands them in good stead, and they have built up their legit large following through trust and reputation. The risk of binary options trading isn’t any less with Binary.com, but it does allow the trader to “dip their toe” without committing as much as they would with other traders.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binary.com legit, will they scam me?

Binary.com is licensed and regulated in Malta, the United Kingdom, the Isle of Man and Ireland. They have won many awards, and like all brokers, we have put them through stringent vetting procedures.

Do they have a decent mobile or tablet app?

The mobile website is intuitive, simple and easy to use. As well as a fully responsive mobile website, they also have an app available on the App Store and Google Play.

What bonus do they offer new traders?

The stakes are much lower with a Binary.com trading account, and their minimum deposit requirement is just $5, and their minimum trade is also $5.

Can I start trading on a free demo account?

There are only 2 accounts available on the Binary.com platform, a virtual (demo) account or a real account. Once you have entered the site, you are good to start trading with $10,000 of virtual cash.

What’s the minimum deposit and trade amount?

The minimum deposit required to open a Binary.com trading account is just $5. This low deposit amount is a far cry from the $250 deposits required by many brokers.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Binary.com Reviews

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Reviews 90

Binary.com, A leading and satisfying broker

Binary.com is really a life changer for as many as are good in price action analysis and a destiny helper for as many as are good in marketing who can apply the skill in partnership with the great broker, Binary.com. i would have rate binary.com 5 star but 2 solid and heartbreaking reasons held back 2 stars from the 5 i wanted to give and i’ll quickly add the 2 if binary.com is able to solve the 2 problems quickly. these problems are outlined below:

1. Subaffiliates commissions: Most of the people i refer with my subaffiliate link are people who promote synthetic indices (MT5), this makes my subaffiliate package less rewarding, i’ll like it if the subaffiliate commissions can be made in such a way that i can get share from the mt5 commissions of my Subaffiliate referrals. I have seen brokers who pay subaffiliates from the trade their Subaffiliate referrals place on MT5 and its really good and encouraging. I hope binary.com look into this and help fix it quickly. thanks

2. Hanging of MT5 trading platform: The complains i receive from my mentees and colleagues in synthetic indices trading over hanging of their MT5 is rising daily, and it is not funny anymore, i’ll be glad if binary.com can put a stop to this prevailing issue and boost the confidence and accuracy of synthetic indices traders again. Many are afraid of orders not getting executed at the price they want, others are afraid of trade not closing the time they desire. i hope to start getting positive reviews from those complaining soon. Thanks

if these are fixed, i’ll rate binary.com 5 stars anywhere, anytime

Thank you for taking the time to share your feedback with us. We truly appreciate your comments as it will help us understand the matters that are important to our affiliates and resolve them efficiently. Rest assured, your affiliate manager will be reaching out to you shortly to discuss on how we can improve your experience as an affiliate for Binary.com.

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Binary.com Review

​Binary.com is an online trading platform that allows you to trade binary options 24/7, even on weekends. Binary.com was established in 1999 under the brand name BetOnMarkets.com before rebranding to Binary.com nearly 10 years later.

Binary.com is owned by a company called Binary Group LTD. Binary.com has local offices in Malaysia, Malta, Paraguay, and the UAE. With over 1,000,000 registered users and over 20 transactions per second, Binary.com is one of the oldest and most respected names in the binary options industry.

But is Binary.com right for you? Can this broker be trusted? In this Binary.com review, I’m going to tell you everything you need to know.

Table of Contents

​Rating:

​​​MFSA, ​VFSC, BVI Financial Services Commission, Labuan FSA.

​​​​Deriv, SmartTrader, MetaTrader 5, WebTrader.

​iOS​ and Android

​Binary Options, ​​​FX, and CFDs

​​​Commodities, ​Currency Pairs, Indices, and Synthetic Indices

​Countries ​NOT Accepted:

​​​​USA​, Canada, Hong Kong, and ​Japan

​​​​Credit Cards, Bank Transfer, Neteller, FasaPay, Skrill, Qiwi, WebMoney, Perfect Money, PaySafeCard, Jeton, iWallet, SticPay

​Binary.com Trading Platforms

​​In order to cater to the needs of both beginners and advanced traders, Binary.com has several different trading platforms you can choose from.

​Beginner Platforms

For beginners, you have the option of using their Deriv platform or SmartTrader. Both of these platforms are custom-built and ​specifically designed for​ binary options trading in a simple and easy-to-use interface. With both Deriv and SmartTrader, you have several different trade types to choose from including:

​A nice feature that Binary.com has is the ability to set your own expiry time, ranging anywhere from 1 day up to 1 year.

Advanced Platforms

For the advanced trader, you can choose between MetaTrader 5 and Binary WebTrader.

MetaTrader 5 is a multi-asset trading platform that is recognized as the global standard. With MetaTrader 5, you can trade ​FX, CFDs, and Binary Options with 1 powerful platform.

Binary WebTrader is an advanced binary options trading interface that allows you to monitor the movements of your favorite assets and ​markets ​simultaneously. With it’s full-screen ​interface, you can arrange all of your essential charts, asset index, historical data, and market movements however you see fit. This platform is available in 13 different languages as well.

Binary.com also has an auto-trading tool that allows you to automate your trading strategies using a simple drad-and-drop bot creation tool.

​Payouts

Binary.com has some of the best payouts among binary options brokers. The profit you make on successful trades will depend on the type of trade, the expiry, and the asset. However, you can achieve returns above 100% on rise/fall trades and as high as 1,000% on high/low and touch/no-touch trades.

Financial Instruments

Binary Options – Binary options are the simplest type of contract you can trade on Binary.com This type of option trading offers a fixed payout based on a simple yes or no proposition. ​

Lookbacks – A lookback is a type of trading contract that has a payout that depends on the optimum low or high achieved by the market. This type of option allows you to “look back” over time to determine the payout.

CFDs – A CFD (Contract For Difference) is a type of financial derivative that allows you to trade on the movement of an underlying asset without actually owning the asset itself. CFDs are a complex financial instrument and it does carry a high level of risk due to its leverage.

Forex – Trading ​FX allows you to buy, sell, and exchange currency pairs on the global market.

​Account Types

​Demo Account

Binary.com offers ​a free demo account ​where ​you can practice trading ​with virtual money. This allows you to sharpen your trading skills and test new strategies without risking real money. Demo accounts are funded with $10,000 in virtual ​funds for you to practice with.

​Real Account

You can open a live trading account with Binary.com with a​n initial investment as low as $5, which is quite a bit lower than most binary options brokers. A ​real account gives you access to the beginner platforms, the advanced platforms (including MetaTrader 5), as well as their mobile app for on-the-go trading.

Regulation

Binary.com is a licensed and regulated broker with over 1,000,000 traders globally. To comply with regulations around the world, this broker holds multiple licenses from different regulatory bodies.

In Europe, Binary.com operates under the company name Binary Investments Ltd and is regulated as a Category 3 Investment Services provider by the MFSA (Malta Financial Services Authority) with license no. IS/70156.

For clients outside of the EU, USA, Canada, and Hong Kong, Binary.com operates under a company called Binary (SVG) LLC​. This company is located in St. Vincent and the Grenadines under company number 252999 BC 2020.

For clients that want to open a FX or CFD Metatrader 5 account, Binary.com is regulated by the VSC (Vanuatu Financial Services Commission), British Virgin Islands Financial Services Commission, and Labuan Financial Services Authority.

Mobile Trading

Binary.com offers a mobile trading app called Binary Tick Trade, which allows you to trade binary options on the go. With the mobile app, you can execute trades, check your account status, and deposit funds just like you can with their web platform. The Binary Tick Trade app is available for iOS and Android. You can download this application from the Apple Store or from the Google Playstore.

Assets

​Binary.com has 58 different assets to trade including stocks, commodities, currency pairs, and indices. This broker doesn’t offer as many assets to trade as other ​brokers, but it’s still enough for most traders.

  • Commodities – Gold, Palladium, Platinum, Silver, and Oil
  • Currency Pairs – All the major pairs including EUR/USD, GBP/USD, EUR/CAD, AUD/JPY, USD/CHF, and many more.
  • Indices – Hong Kong Index, Euro 50 Index, UK Index, US Index, Wall Street Index, and more.
  • Synthetic Indices – Volatility 10 Index, Volatility 75 Index, Bear Market Index, Bull Market Index, and more.

Deposits and Withdrawals

Binary.com offers a variety of payment methods to add money to your account.

Wire Transfer

For bank transfers, the minimum deposit and withdrawal amount is $500. The maximum deposit and withdrawal amount is $100,000. The currencies accepted include USD, GBP, EUR, and AUD. The processing time for standard bank transfers is 1 working day. If you’re using an Internet Bank Transfer, deposits can take as little as​ 15 minutes. If you’re using PayTrust, deposits are instant.

Credit Cards

For credit and debit cards, Binary.com accepts Visa, Mastercard, and Maestro. The currencies accepted for credit cards include USD, GBP, EUR, and AUD. The minimum deposit and withdrawal amount is $10, while the maximum deposit and withdrawal amount is $10,000. Deposits are processed instantly and withdrawals can take up to 1 working day. It should be noted that Mastercard and Maestro withdrawals are only available for UK clients.

E-Wallets

Binary.com accepts all major E-Wallets including Fasapay, Perfect Money, Skrill, Neteller, WebMoney, QIWI, Paysafe Card, Jeton, iWallet, STICPAY, and Airtm. The minimum deposit and withdrawal using E-Wallets is $5, but the maximum amount will vary depending on which e-wallet you use. With E-wallets, your deposits are instant and the withdrawal processing time is $1.

Cryptocurrency

Binary.com accepts several different cryptocurrencies as a form of payment including ETH (Ethereum), LTC (Litecoin), UST (Tether), and BTC (Bitcoin).

​Why Choose Binary.com As Your Broker?

Sharp Prices – Binary.com’s patented pricing technology gives you the same return rates as traders in the interbank market. No hidden fees or commissions.

Flexible Trades – With Binary.com you have a lot of flexibility with your trades. You have a variety of trade types, the ability to choose your own expiry time, and the option to select your own payout from $1 to $50,00.

Controlled risk – If you use Binary.com as a broker, you’ll understand the risk and reward of each trade before you purchase a contract. You have the ability to sell your option before expiry to keep any profit you’ve earned or to minimize your loss.

Safety and Security – Binary.com has been a trusted broker since they originally launched their platform in 2000. They are licensed and regulated by multiple agencies including the Malta Financial Services Authority, Vanuatu Financial Services Commission, British Virgin Islands Financial Services, and Labuan Financial Services Authority. All funds deposited are segregated into separate bank accounts to keep your money safe and secure.

Reputation – Binary.com has over 2 billion dollars worth of trades to date. They’ve won numerous awards throughout the years including:

  • Best Trading Platform in Asia – 2020 Global Brands Magazine
  • Best Binary Company in Asia Pacific – 2020 Global Banking & Finance Awards
  • Best Binary Options Broker – 2020 Online Personal Wealth Awards
  • Best Fixed-Odds Firm – 2020 Global Banking and Finance Review
  • Best Fixed-Odds Broker Silver Award – 2020 Trade2Win

Customer Support

For your convenience, the Binary.com website is available in 9 different languages including English, Spanish, French, Polish, Chinese, and Italian. As for customer support, you can use their contact form to request help by email or you can call their toll free phone number (+44 800 011 9847). Unfortunately, the Binary.com customer service team does not offer live chat support, which is a disadvantage for some.

​Final Thoughts

In my honest opinion, Binary.com is one of the ​top binary option brokers in the industry. Their ​platform offers excellent payouts​, ​​mobile trading, multiple trade types, and a variety of payment methods to fund your account. ​Binary.com is simple enough to use for beginners with minimal trading experience, while also offering enough features to satisfy even the most advanced option traders. And most importantly, Binary.com is licensed and regulation by multiple regulatory agencies.

Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Welcome To Our Site!

My name is Robert Wolfe and I’m an online trader with over 7 years of experience trading financial instruments such as binary options, CFDs, forex, and stocks. I created this website to share my knowledge of the industry so you can avoid the same mistakes I’ve made.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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