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RBinary is a new broker Fair Binary Options decided to review. On the first look they offered many advanced features that my be interesting to our customers. There are several ways RBinary wants to make an impact on the binary options industry and these include customer satisfaction, traders’ returns and localization. Read in more details if they are on a good way to achieve their goals, in RBinary review below.
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You will find RBinary accounts under “Our Promotions” tab. They have really managed to have enough services to offer five account types for trading.
In this stage we really must say we did not came to understanding during the RBinary review, how did the broker decide to feature these services as something that distinguishes accounts. It is actually weird to see that, as in example with VIP account, that minimum trade is actually higher when you would expect more choices with a better account. If looked from the other side, one can understand that the goal is to give more leeway to newbies.
Many of these features we really do not understand what is their worth, like the feedback. The broker has an DEMO account, read more about it in the customer support section of the RBinary review.
Bonus turnover conditions are 40x and we found not much details about the policy in the T&Cs.
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The trading platform RBinary uses is Tradologic. While in the past there have been some bad experiences with this platform it has relaunched itself into a compelling set of trading features for every trader. The interface is really nicely designed and color theme makes everything easy to see and track. Binary option types that are available for trading are high/low, touch options, range options and 60 seconds options.
Pro tools and signals are reserved for VIP accounts. All traders can use the pivot calculator, fibonacci calculator and the economic calendar. The broker also includes download for the MetaTrader4 platform even though id did not indicate anywhere they support MT4 trading.
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RBinary really offers many ways to contact the customer support – they have live chat, e-mail, phone number, Skype and even offer TeamViewer for download for hands on support. They also have a FAQ which could offer answers to more questions than it does now. It would make work for the customer support much easier.
For the RBinary review we tested the live chat support as we always do. We were particularly interested in the advertised demo account before we made an account with them. The customer support representative was quick to respond to us on live chat. However, the answer to our question was the same one we have seen in the FAQ. The question was “can the demo account be used without a deposit”. We think this is a very clear question requiring only yes or no answer. The help desk employee kept insisting “the account manager will explain all”. Well, we did not need another person when there is a clearly an easy way to answer the question. They obviously want customers to sign up so they can be approached by the account manager. We do not consider this good since traders should get as much as info possible before they sign up and leave their personal data.
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RBinary has a minimum $250 deposit requirement. This is standard in the industry. Traders can deposit with Visa, MasterCard, Visa Electron, Discover Card, Bank Wire, Skrill Moneybookers, and Neteller.
Minimum withdrawal amount is $100 which is really high in our opinion. Withdrawal fees depend on the account type, but standard is $30. Traders have usually 10 card transactions per month free, again, depending on the account. Withdrawals can take up to 14 days according to the T&Cs but withdrawal processing if all the documents are delivered takes up to 4 days.
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!
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