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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Binatex Binary Options Review

  1. Launched in 2015, Binatex is a leading, non-regulated OTC broker with a global reach. The company offers binary options trading on a user-friendly proprietary trading platform to 219,000 traders in 20 languages across 74 countries. Customers can open a trading account with as little as $10, gaining immediate access to 50+ assets, spanning Forex currency pairs and CFDs in crypto, shares, indices and commodities.

    Binatex is owned and operated by Yulanta Business Ltd, registered with company number 191592, to Suit 1, Sound and Vision House, Francis Rachel St, Victoria, Mahe, Seychelles. Financial transactions are managed by Binatexia Ltd, incorporated under the laws of Cyprus with company number HE368207, at Demostheni Severi Avenue, 6th Floor, Office 601, Nicosia, Cyprus.

  2. Account Features

    Binary options trading involves investing in options based on the directional change in market prices, during a pre-selected time period. Clients can quickly register a live trading account with Binatex, giving them immediate access to binary options trading, with zero % commission fees and up to 75% profit potential.

    It takes an initial deposit of just $10 to start trading on the Binatex platform. Significantly, the minimum trade size is $1, making Binatex especially popular with novice traders. Binatex customers are incentivised with promotional offers on the website, and emails sent directly to customers. We saw that 100% deposit bonuses may be offered to customers, boosting their trading capital and potential profits. Additionally, up to 10% investment returns may be paid to customers on losing trades, depending on the trading volume executed. Importantly, once a bonus has been accepted it can’t be cancelled. Traders must fulfil the trading volume indicated in the bonus terms and conditions before withdrawing personal capital from the trading account. However, we were pleased to see that the withdrawal of profits is not affected by the bonus terms.

    Binatex Demo Account

    Following account registration, traders are assigned a Demo account with $1,000 of virtual funds. The Demo account is invaluable for practicing trading skills in a risk-free environment, with real time market quotes. Nevertheless, the Demo account doesn’t allow the use of analytical tools and indicators, thereby limiting the trading experience. We were impressed by the quality of the free education offered by Binatex to registered customers. Introductory lessons are designed to help novice traders learn the basic strategies involved in trading binary options. Moreover, as traders gain experience, they can access more advanced educational tutorials highlighting more complex trading strategies.

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

    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. Trading Software & Assets

    The proprietary Binatex trading platform has a relatively small, but diverse asset list, including crypto and FX currency pairs, major company shares, global indices and commodities such as oil and gold. The easy to use trading platform is simply set out with a large chart showing real time data provided by Thompson Reuters. (Chart can be adapted into linear or candle format). Beneath the chart are multiple trading signals, training videos and an economic calendar. To the right of the chart, is where traders enter the trading amount and expiry time, ranging from 1 minute to 24 hours.

    We saw that traders can decide for fast, 1-click trading, by ticking the box on the platform. However, it’s worth noting that with 1-click trading, clients are not asked to confirm the order and it is placed immediately. Traders who prefer to avoid the possibility of placing trades by mistake, should avoid the 1-tick trading option and take a few more steps, to place their binary option trades.

    To open a binary options contract, clients must decide either to ‘Call’, if they think the asset price will go up before the chosen expiry time, or ‘Put’, if they think the price will go down before the pre-set time expires. Market prices shown on the Binatex trading platform are calculated using a formula that adds together the Bid and Ask prices, then divides the total by two. Subsequently, quotes of market prices on the Binatex platform do not match the exact current market prices.

  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

    Customer support is available 24/7 over email only. A support form is displayed on the contact page with an average response time of 19 minutes. For greater convenience, we would appreciate the addition of a comprehensive FAQs section for quick access to Binatex trading information.

  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

    Customers can open trading accounts in EUR or USD, whilst choosing from a broad range of payment method providers, listed in the customer’s personal account space at Binatex. These include Visa and Mastercard credit cards, bank transfer and e-wallets such as Yandex and WebMoney. We were pleased to see that deposits and withdrawals are not charged fees or commissions by Binatex. Importantly, in compliance with international anti-money laundering regulations, Binatex requires customers to provide identity and data verification documents, after account registration is complete. Necessary documents include a colour photocopy of a government issue ID or passport, as well as a utility bill or bank statement to prove residence. Without account verification, Binatex will not process withdrawal requests. We saw that withdrawal requests are made directly in the customer’s personal account space, and take up to 5 days to process. Moreover, the minimum withdrawal amount is 10 EUR or 10 USD, with funds paid by the same payment method and to the same account used to make the deposit to Binatex.

  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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