BullBinary entered into the binary options industry in 2013 and their headquarter is located in Cyprus. The CySEC regulated broker operates under a company called the Spot Capital Markets Ltd and holds a license number (210/13). Currently, they are not accepting traders that live in North America. They support 6 types of currencies for all levels of trading accounts they offer.
They do not offer a demo account but they are giving a $25 bonus for a limited period of time. The $25 bonus can be used for testing your trading strategies on their trading platform.
BullBinary Platform Review
BullBinary offers its own proprietary platform called Bull Trader for traders. The trading platform offers a selection of more than 180 assets. The platform supports features such as Double Up and Roll Over. The platform allows you to monitor the market for 24/7 and you can easily open a new trade with the single click of a button.
BullBinary allows you to monitor your trading activities on a mobile platform by using a mobile app. BullBinary’s mobile app can be downloaded from the Google Play Store and Apple Store.
Types of Trading Accounts
BullBinary offers 5 types of accounts including Micro, Standard, Silver, Gold and VIP. Micro account is suitable for newbie traders with a low budget as it only require a minimum deposit of $100. If you open a Micro account, you will have access to more than 80 assets and the maximum payout rate you get is 82%.
Standard account has a $250 minimum deposit requirement. Traders who choose to sign up for the Standard account will get access to two webinar sessions, receive a Level 1 trading report, and 1-on-1 trading session. The Standard account offers a larger asset selection of more than one hundred and twenty assets. The maximum payout you enjoy for a regular option is up to 85%.
Silver account is for traders that are planning to invest more than $1000. Silver account offers benefits such as 4 webinars, level 2 report, web tour, and 140+ assets selection.
Gold account is suitable for traders interested in making a deposit of at least $5,000. If you have a Gold account, there is no limit as to how many webinars you want to attend. Customers of the Gold account will get a free Level 3 report, and choose from 160+ assets.
VIP account is for professional traders who want to fund their accounts with at least $10,000. VIP account members can receive an unlimited amount of trading reports and choose from more than 180 assets. The maximum payout rate for Standard, Silver, Gold and VIP accounts is up to 85%. If you refer a friend, they will credit a bonus of $50 into your trading account.
BullBinary supports a wide range of credit/debit cards including Visa, MasterCard, Maestro, and Carte Bleue. BullBinary support Bank wire transfer which uses a swift code to perform the transfer. They also support a variety of e-wallets including Skrill, Neteller, paysafecard, moneta.ru, SoFort Bnking, NeoSurf, TrustPay, WebMoney, TicketSurf, teleingreso, EPS e-payment, Hal-Cash and GiroPay. The e-wallets payment methods can be found under alternative payment methods.
Safe and Secure
Clients’ funds are deposited into segregated account a investment banks so you can rest be assured that your funds are always secure. BullBinary only support banks and payment processors that are well regulated to ensure clients funds are always secure. Their parent company, Spot Capital Markets is a part of the Investor Compensation Fund for Customers of Cyprus which offers up to $20,000 insurance for clients’ funds.
BullBinary has an education center that is filled with platform tutorials and basic trading tutorials. It has a library of fifteen introduction videos in high quality display. You can read the ebooks to find out how you can conquer your emotions and succeed in trading. There are also plenty of live webinars which can only be attended by account holders.
BullBinary Customer Support
BullBinary offers 24/5 multilingual customer support via email contact form and telephone. However, they are not offering any live chat support on general queries for customers at the moment. The website layout support 9 types of languages including English, Italian, Chinese, Magyar, and Polski.
Is Bull Binary A Reliable Broker?
In conclusion, BullBinary is a reliable broker that offers easy to use Bull Trader platform. Another plus point is that their educational resource center that is filled with all kinds of educational materials.