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Binarytradeplus Broker Review

Binarytradeplus Broker Review
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Binarytradeplus is an unregulated Forex, CFDs and Binary Options broker that is falsely claiming to be regulated by the Cyprus Securities and Exchange Commission (CySEC). Binarytradeplus, or BinaryTradeOption, as they claim to be in different sections of their website, is a broker that appears to have it all – a professional and user-friendly website, an... Read more
Binarytradeplus is an unregulated Forex, CFDs and Binary Options broker that is falsely claiming to be regulated by the Cyprus Securities and Exchange Commission (CySEC). Binarytradeplus, or BinaryTradeOption, as they claim to be in different sections of their website, is a broker that appears to have it all – a professional and user-friendly website, an education center to teach new investors how to trade and interesting trading conditions. They also claim to be a Cyprus-based company that is fully regulated by the CySEC – a fact that was debunked by the CYSEC themselves. So who is Binarytradeplus and how do they work? Does this immediate red flag mean they are really that bad? Read our full review and verdict to find out.

  1. Binarytradeplus is an unregulated Forex, CFDs and Binary Options broker that is falsely claiming to be regulated by the Cyprus Securities and Exchange Commission (CySEC).

    Binarytradeplus, or BinaryTradeOption, as they claim to be in different sections of their website, is a broker that appears to have it all – a professional and user-friendly website, an education center to teach new investors how to trade and interesting trading conditions. They also claim to be a Cyprus-based company that is fully regulated by the CySEC – a fact that was debunked by the CYSEC themselves.

    So who is Binarytradeplus and how do they work? Does this immediate red flag mean they are really that bad? Read our full review and verdict to find out.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk

  3. Binarytradeplus Special features

    The first thing we look at when reviewing a new broker is the account types they offer. It is essential a broker have several types of accounts to cater to different user levels and experiences.

    Binarytradeplus only has one trading account available. This is a very regrettable and not advised practice. One account cannot be perfect for both beginners and experienced traders. It seems that Binarytradeplus is targeting more beginners in online trading, with a regular $250 deposit to begin and attractive trading conditions.

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  6. Binarytradeplus Trading software

    Binarytradeplus has two different trading platforms available, one web-based and another through mobile app. Their trading platform is simple and user-friendly, as they are mainly interested in appearing easy for the absolute beginner.

    Binarytradeplus Web-Based Platform

    As the name suggests, the Binarytradeplus web-based platform can be accessed directly through your web browser simply by logging into your account. Trading on a web-based platform therefore only requires an internet connection and absolutely no downloads or installations on your PC or laptop. This is a great solution for traders that do not wish to make their computers “heavier” by downloading such trading software.

    Binarytradeplus Mobile App

    Traders can find the Binarytradeplus mobile app on the Google Play store, as well as the Apple Store – which means the app is available for both Android and IOS devices. Mobile trading apps are a perfect solution for investors to trade on-the-go, which means anytime or anywhere. Whether you are running an errand or on your way to work, mobile trading apps allow you to quickly check your open trades and open a potential trade instantly.

    Assets and Trading Conditions

    The assets investors can trade through the Binarytradeplus platform are binary options, forex and CFDs from the most popular markets which include stocks, commodities, currencies and indices. You cannot trade cryptocurrencies with Binarytradeplus.

    They offer the following attractive trading conditions:

    • Tight spreads
    • Default leverage of 1:50 (which they claim may be increased upon request)
    • Zero margins
    • Multiple instruments and a range of expiries
    • High returns on successful binary trades

     

    Education

    A solid and extensive education center is a must for all reputable brokers. It is essential that all new traders be fully aware of the trading process, basic terms and most importantly, the risks involved. Regulated brokers do not even allow users to register and invest before they answer some basic trading questions.

    Binarytradeplus claims to have education resources available in the form of videos, trading courses and eBooks. However, these training tools were nowhere to be found. This is another huge red flag when it comes to Binarytradeplus, because once again, they are lying about features they do not have attempting to appear legitimate in the eyes of potential investors.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. Binarytradeplus Support information

    Users can reach the Binarytradeplus support team through email, fax or phone. They do not have a live chat available.

  9. Try a simpler way of trading with FXMasterBot

  10. Binarytradeplus Payment Methods

    There are various payment methods available for users to choose from in order to deposit money with Binarytradeplus. These can either be through credit card (Visa, Mastercard, Maestro), wire transfer or alternative payment options like Skrill and Western Union.

    Binarytradeplus claims to be owned by B.O Tradefinancials Ltd, which was found to not be true. We are not sure where this company is based or who truly operates it.

    We find it important to note here that users are not advised to deposit any money with this broker. Read our honest verdict of Binarytradeplus below.

    Verdict

    After careful examination and review of Binarytradeplus, we have confidently concluded that this broker is a scam and should by no means be trusted. They have falsely claimed to be regulated by CySEC, cannot agree even on their own company name, have given a false address and lied about offering education materials that are essential for every broker. Never trust that everything you see on a professional-looking website is true.

    Investors should therefore not deposit any money with companies like this, but instead choose to trade with licensed and trusted companies – those are the true professionals.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

    12. Your capital is at risk
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