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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Bintrader Review

  1. Bintrader is a binary options broker that has captured the attention of many binary traders around the world. Since binary options trading is still extremely popular among everyday, small investors, it is only natural that we will supply them with all the details needed regarding this particular broker.

    In this review we will go over important features of this specific binary options broker and everything they have to offer to their traders. If you are interested in finding a new binary options broker for your trading, or you simply want to work with more than one broker, make sure you read the following review as we have plenty to tell you!

  2. Account Features

    With Bintrader there is a possibility of opening a Demo account which is very important for everyone in the binary options trading industry, regardless of their experience. The importance of a Demo account goes beyond simply checking out the visual characteristics of the platform, but it also enables traders to figure out how to best customize their trading dashboard to best suit their needs. This is especially important for those traders who are not extremely experienced as they do need time to educate themselves and to figure out which strategies they intend to utilize without actually risking their own, real funds.

    Aside from a Demo account, there aren’t really different types of real accounts with Bintrader. There is only one real account with static characteristics of $10 minimum starting deposit and $1 minimum trade investment. Bintrader does, however, offer a deposit insurance of 100 deals, as it is stated on their website.

    Bintrader does not offer any specific bonuses or any other type of incentive to their traders aside from the deposit insurance. We do believe that this is a shame as bonuses are generally a welcomed thing that makes traders more enthusiastic about their trading adventure and helps them accumulate funds a bit quicker if the bonuses have realistic and transparent rules.

  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

    Bintrader’s platform is an easy to navigate, sleek, dark platform developed in order to provide traders with an intuitive and customizable trading interface that will be of great service to them. It allows solely binary options trading as this is something Bintrader is placing their focus on.

    The platform itself is accessible via a browser and there is no need for any type of downloads or additional plugins as it can be reached at any time and in any location the trader might be. All that is needed with this particular software, not unlike many others, is a consistent access to the internet and a device that is able to support a browser which is used to access the trading platform. This basically means that there is no need to have a separate app for this software for your mobile phone or a tablet, as any of typically used devices usually support a browser and this is all you need to have access to your trades and trading history at any time you wish. The organization of the trading platform is very intuitive as we already mentioned and we are confident that most traders will have no issues with being able to find their way around it.

    The important thing to also mention is the use of the training center available to all traders at Bintrader.This educational zone is packed full of information that will prove to be helpful to any type of trader regardless of their level of expertise and education. It offers everything for typically used strategies, starting tips and educational material, analysis and much more. Being able to have all the necessary information in one place is a great advantage to any trader who wishes to explore the binary options trading industry.

  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

    As far as the customer support goes, we have to confess that during the writing of this particular review we weren’t really blown away by the capabilities and accessibility of the customer support at Bintrader. There are several issues with this specific segment. First of all the website itself is in only two languages – English and Russian. This would not be such a major problem on its own if it weren’t for that fact that even the English version of the website isn’t completely translated and there are parts of the website that are in Russian despite the fact that we have selected the English version. This makes for a difficult navigation around the page and is something that Bintrader definitely needs to improve as it will result in many English speaking traders being put off by this fact.

    Another segment is the actual customer support service that seems to be available only through the modes. The first one is a pop-up window in the lower right corner of the website, which is also written in Russian only and seems to be a contact form. It is easily mistaken for a live web chat as it is similar in appearance, but the fact is that Bintrader does not have a live web chat.
    We hope that they will soon fix this issue and integrate the live chat into their service as that is the fastest way for their traders to contact them if anything goes wrong or if they have any questions at all.

    Another means of contacting Bintrader seems to be at the top right corner, where it only says Support framed in a bright red tab, but when we click it, it does not give us the access to contact them actually. What happens is that the software asks for a login name and password which indicates that the only way to contact the support through this tab is to actually make an account, which is very inconvenient for people who still unsure whether to open an account or not, but want to ask a question.

  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

    Bintrader is a binary options broker registered at St. Vincent and the Grenadines. It is operating under the company Trader X Ltd Company with their bintrader.com domain being operated by governed by The Jaycees Building Stoney Ground Kingstown, at St. Vincent and the Grenadines. This particular broker is not registered with CySEC which would be a license that many brokers prefer in order to show their traders that they are a serious business which is answering to a higher legislative authority. However, Bintrader does seem to have a registration number 23430 IBC 2016, under the licence provided by the FMRRC (Financial Market Regulations Center) which is an organisation which provides regulation to Russian brokers.

    The means of depositing and withdrawing funds is another important segment of any serious broker review. In this case, Bintrader offers several ways of withdrawing and depositing without charging any additional fees, according to their website. Traders are able to use Visa, MasterCard, Qiwi, YandexMoney, Skrill and WebMoney for their transactions.

    There is no available information on how long it takes for Bintrader to process the funds you are withdrawing or depositing so we cannot comment on that segment. However, that is definitely something they should think about including on their website as it is crucial information for traders and being without it will undoubtedly make some traders reconsider trading with this binary options trader.

  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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