Banking is an essential part of binary options trading as traders can make money only if they make a deposit.
Minimum deposit with BinaryCapitalMarkets is $259, and minimum withdrawals start at $100, that is a very user-friendly amount.
When traders are registering with BinaryCapitalMarkets, they have to select among three currencies USD, EUR, and GBP. The currency they select will be used for trading, depositing and withdrawing and cannot be changed in order to avoid speculations.
BinaryCapitalMarkets claims to offer several banking methods like e-wallets, credit cards, and bank transfer. However, our team was offered only credit cards. Maybe other methods will be available in the future as this is a relatively new broker.
In order to receive their profit, traders first have to send a request which is processed within 3 working hours and 3 days. The time necessary varies, depending on the trading account the trader selected. Also, withdrawals are much faster when traders deliver all necessary documents on time. This step is needed to avoid frauds from taking your money. Traders have to deliver proof of identity and proof of residence according to the instructions on the website that can be found in Compliance policy.
BinaryCapitalMarkets review found no evidence that this broker is charging fees, but there is a provision for a dormant account in the amount of $5 per month. Also, they are reminding traders that it may take up to 7 days for funds to be visible on the banking account, depending on the method chosen.
BinaryCapitalMarkets is in the ownership of G.S.E Golden Sky Europe Ltd. This is a CySEC regulated broker with license number 293/16.