Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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AlphabetBroker Review

  1. AlphabetBroker is a new company in the binary industry. This broker claims to deliver the ultimate trading experience that makes binary trading easy for everyone. Even though binary options are not as complicated as some other types of trading, it is necessary to understand them before the trading process starts.

    AlphabetBroker review will deliver you more information about this broker and what they offer. Also, you will be able to learn more about different packages and promotions as well as software that is being used. Only so can traders decide if AlphabetBroker is the right binary broker for them.

  2. Account Features

    As most modern brokers, AlphabetBroker understands that not all traders are created the same. AlphabetBroker review noticed how there are several trading accounts offered, and each of them has a specific set of perks and benefits. Of course, the more advanced and generous the account, the more expensive it is.

    Basic Account

    Asks for $250 minimum deposit which is the average amount in the binary industry. Traders who opt for this account get something called trading credit up to 25%. No other benefits are offered.

    Standard Account

    This account type costs $1000 in minimum deposit but also mentions minimum trade in the amount of $1000. This is somewhat unusual and we believe it is an honest mistake, as this means that only one trade can be executed with each deposit. Traders get the trading credit up to 50%, weekly market updates, and choice of 2 asset classes.

    Extended Account

    AlphabetBroker review found out how this account requires $5,000 minimum deposit. Traders get a trading credit up to 75%, as well as daily market updates 3 asset classes and assistance of an account manager.

    VIP Account

    AlphabetBroker VIP account will cost you $10,000 in a minimum deposit, but will also assure you the trading credit up to 100%. Traders will receive daily market updates, four asset classes, the assistance of a senior trader and special strategies.

    It can only be presumed that the trading credits mentioned above are some kind of bonus. Unfortunately, no bonus terms and conditions were found on the website, so make sure to understand them and have them in written before accepting any sort of bonus or promotion.

    AlphabetBroker had no demo account during the writing of this review. This can be considered a disadvantage as binary options demo accounts are always welcome and traders prefer them in order to get a chance to test the platform properly.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

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  5. Trading Software & Assets

    AlphabetBroker review showed how this broker is using a proprietary platform. On the left side of the platform, traders will find asset lists in several categories marked with icons. In the middle is a big candlestick chart, and on the right side is a Super Cash opportunity as well as Social Trading.

    Apparently, Super Cash is showing most profitable trades in a certain moment, while Social Trading tab represents the most popular trades in the AlphabetBroker community.

    Unfortunately, the trading chart is very limited and shows only market fluctuations, and offers no tools and indicators. The website shows that the platform is available on mobile and tablet, but no links to app stores were found. It can be presumed how this means that the platform can be opened on mobile phones directly from the browser.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support Information

    AlphabetBroker review showed how this broker can improve several segments of their service, and customer support is definitely one of them. For example, there is no live chat. Live chat is known as one of the most practical and fastest means of communication with the broker. While in the case of email correspondence it may take a whole day for someone to answer, with live chat the communication is immediate. Let’s hope that this feature will be added in the future.

    AlphabetBroker can be reached via an online form available on the website, phone or email.

    When it comes to education, it is important to notice how this binary broker offers some basic FAQ section where traders can find out more about the broker and learn answers to most common questions. Also, there is news roll on both trading platform and homepage, where traders can read industry news. Education section is still not finished, so traders will have to find their educational material elsewhere. Let’s hope that this will be fixed as soon as possible.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Banking & Company Information

    AlphabetBroker is a broker in the ownership of Marketing EZ Limited, Suite 305, Griffit Corporate Centre, P.O Box 1510, Beachmont, Kingstown, St.Vincent and the Grenadines. This is not a regulated broker.

    The website mentions many payment methods, but once traders want to make the AlphabetBroker deposit, they will find out how the real deposit portfolio is more limited. For example, we were offered only a few methods: Visa, MasterCard, Yandex, and WebMoney. As this seems to be a new broker, it is to be expected how more payment methods will be added soon.

    All withdrawals are processed within 2 days, but it may take 3 to 5 additional days for the funds to be visible on your account. All withdrawals must be processed via the same method and to the same bank account that was used for depositing. AlphabetBroker mentions no fees, but there are always 3rd party fees that may be applied. Sometimes, traders will have to deliver certain documents before being able to receive a withdrawal. This is always done in case the trader deposits an amount over $1000. The required documents are copy of ID, credit card and utility bill, according to the instructions in terms and conditions.

    In case the traded accepted a promotion, bonus or any other form of non-deposited funds, additional terms and conditions may apply. Keep in mind that no such conditions were found in the T&C document, which means that you should request the fiull documentation prior to accepting any form of promotion or bonus. Also, AlphabetBroker doesn’t mention the amount available for minimum withdrawal which is somewhat unusual, considering the importance of this information. Binary trading can be exciting and lucrative, but traders have the right to access this basic information before proceeding with the depositing process.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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