Binary options are prohibited in the European Economic Area. 83% 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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76% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS BINARY OPTIONS ARE PROHIBITED IN EEA Review prides itself on being the first “brokerless trading platform” in the world. It allows you to have access to trading global financial markets without the need for a broker. A broker is an institution that plays the role of an ‘intermediary’ between traders in any financial market. Essentially, the broker ‘connects’ people who want to ‘buy’ financial assets to those who have the assets to ‘sell’ in any financial market. Although technological advancement has largely changed the face of how brokers and brokerage businesses operate, the core of the broker’s work still remains bringing buyers and sellers together on a platform, so that trading in assets listed across global financial markets can go smoothly. To do the job of connecting those who want to buy to those who want to sell, the broker charges a commission called spread, for each trade executed.

Under normal circumstances, to be able to make trades, you need to open a trading account with a broker by going through a registration process, funding the account with the broker, with which you can then make trades. The account will be under the supervision or management of the broker, and most brokers also charge certain fees for this. Similarly, the trader has to comply with terms and conditions set by the broker. One will observe that the above arrangement largely puts the control of the account off the hands of the trader. This creates potential opportunities for fraud by dishonest brokers. aims to bring an end to this by bringing about transparency in broker-trader dealings and effectively putting control of the account in the hands of the trader himself. By creating a blockchain-based trading platform, provides brokerless access to trading global financial markets such as stocks, currencies, indices, and binary options. Continue reading our review for detailed overview of this platform. Binary Options gives you access to trade in almost all instruments listed on global financial markets. One such instrument is binary options. Binary options are financial instruments that allow you as a trader to speculate on the direction of prices of assets in the financial markets. In simpler terms, binary options enable you to essentially ‘bet’ on the movements of prices of financial assets, such as commodities, currencies, stocks, and bonds, amongst others, over a specific period of time. is a binary options platform dedicated to bringing transformation to the traditional binary options brokerage model, all in a bid to give traders a much better trading experience. has gained the attraction of many binary options traders because of its unique features, one of which is that with it, there is like no need for a broker. prides itself as being the first brokerless trading platform, which almost completely removes the downsides of trading with brokers such as fraud, lack of control over one’s account, and the responsibility to comply with stringent terms and conditions. Another is that you don’t need to make a deposit with, so your account is completely within your control. On the binary options trading platform, traders are provided with trade ideas, trade commentaries, extensive trade analytics, as well as maximum flexibility to make important account settings.

If you want to make trades, there are primarily 2 methods:

  • Immediate Trade Entry, where the trade is entered and starts to read from the current market price. This is what you get with every other broker.
  • Pending Order where you choose to enter the market at a future price.  Once that price is touched, you can either enter settings for your trade to be triggered or you can enter settings for you to get notifications or email alerts when that happens. Login makes use of the Ethereum blockchain to provide traders with brokerless access to financial markets. Blockchain is a globally distributed ledger that uses thousands of decentralized servers to check and confirm transactions conducted on it. These transactions can include basic transfers of money or more technical smart contract applications, such as the processing of trades. The blockchain is almost free of human intervention, and is widely regarded as one of the most secure channels for conducting transactions. makes use of these public smart contracts to make secure and fraud-free trading available to binary options traders.

You have 2 basic account options to trade from:

Crypto Wallet Account allows you to trade directly from your Ethereum cryptocurrency wallet. So all you have to do is link your wallet to the trading platform provided by, and then you trade from there. As such, you really don’t need to login. Any profit you make from your trading is credited directly to your crypto wallet. This ensures that your account is firmly in your control and ensures lower transaction fees, as compared to traditional brokers.

Regular Account

Another option is for you to open an account with a privately escrowed Ethereum wallet provided by Since the escrow account is based on blockchain technology, trades are confirmed all across blockchain, leaving no opportunity for any party to manipulate the process or commit fraud. In the case of the regular account, you link your personal Ethereum crypto wallet account to the escrowed account provided by from which your deposits and withdrawals are credited or deducted. What these accounts aim to give you is direct access to trade global financial instruments, with the middleman effectively removed, resulting in lower chances of fund manipulation. Mobile app

You can access through a web platform and a mobile application that is available for devices on Android OS only at the moment. The application can be accessed from the Google Play Store. There is no app for iOS, but there are plans to launch it soon. The mobile app can be described as bespoke and sophisticated. It contains a good number of features that are geared towards making you a successful trader. Most of the features can rarely be found with any other broker. Such features include:

  • Trade Ideas: provides you with trade ideas that function like trading signals. These trade ideas are displayed when the system notices market patterns that may provide good trading opportunity.
  • Commentary Window: Experienced market analysts present market commentary as well as suggest potential trade ideas that you can make use of within their expiry time. It is up to you to make use of the trade ideas or not.
  • Trade Analytics Window: Have you ever come across a program or platform that gives feedback on your trading prowess over a specific period? Well, the mobile application provides that! With the trade analytics function, you get your trading results over time broken down by assets, expiry time, trade type, trade direction and other metrics. This can help you decipher where you are not performing optimally and hence make subsequent corrections.

Others include automated risk management and privacy settings as well as an economic calendar.

In addition, we must note that there will be an MT4 integration for soon. Minimum Deposit

We explained the two types of account that you can open on the platform, and that determines the minimum amount of deposit that you have to put up to trade with There is the Crypto Wallet Account on which you get to make trades directly from your personal Crypto Wallet; the risk capital you put in for each trade comes directly from the crypto account, and profits made during trading get credited directly to it.

Then there is the Regular Account, the on-site trading account that you open with Here, your account is lodged with a privately-escrowed Ethereum wallet, not directly owned or lodged with An Ethereum escrow is a neutral third-party between a buyer and seller that serves as a middleman to protect both of them from fraudulent activities by any one of them. In practice, Ethereum escrow holds the transacted Ethereum with it, and releases it only when certain conditions have been met by both concerned parties in the transaction.

As such, in this “Regular Account,” the funds you deposit are not with but with a third party. They only have access to transaction fees that get paid by the escrow. Since money does not leave your wallet under your Cypto Wallet account, you are not bound by any minimum deposit.

However, you need a minimum trade value of $50, per trade. If you win, your $50 is returned to your wallet, along with your profits. On the other hand, when you go for the Regular Account, you need to deposit a minimum of $10 to the privately escrowed Ethereum wallet to make trades. The minimum trade value per trade in this case is $1, unlike the $50 you have to put up if you are trading directly from your Crypto wallet. Dividend Token

To understand what tokens are, we must first define what cryptocurrencies are. Cryptocurrency is a form of virtual currency used to make or receive payments through blockchain, the most popular being Bitcoin. Each cryptocurrency possesses its own separate blockchain. On the other hand, crypto tokens are assets that are transferable digitally between parties on a particular blockchain. Such “assets” have different functions. Tokens are usually created and distributed during what is called an Initial Coin Offering (ICO). A major difference between cryptocurrencies and crypto tokens is that tokens are created or ‘hosted’ on the blockchain of a cryptocurrency. They don’t have a separate blockchain but are built on the blockchain of existing crypto coins. In effect, a token is a subset of a particular cryptocurrency. We have several tokens created on, say, the Ethereum blockchain.

There are different types of tokens:

  • Currency Tokens: As we may deduce from the name, currency tokens are used as a means of exchange and store of value, within a particular blockchain. This definition may make them sound like actual crypto coins but they are not.
  • Utility Tokens: Utility tokens allow you to enjoy products or services, i.e. “utilities,” within a particular blockchain.
  • Securities Tokens: Just as the name suggests, securities tokens operate like actual assets that offer returns and may appreciate in value.

However, a more recent form of securities tokens is the dividend token. Here, companies pay a part of their profits to people who own such tokens, just as we have with stocks of companies. These tokens give owners a right to passive income paid out regularly from companies’ earnings. has a dividend token of its own.

Built on the Ethereum blockchain and designated as SXDT, it has a current supply of 82,073,519 coins or tokens at a price of $0.122200 per coin. Owners of SXDT have a cut of trader’s wins or losses on’s trading platform. Scam

Considering the workings of and bearing the fact that its platform is based on blockchain technology, which reduces the tendency of fraud, it can be stated categorically that it is not a scam or phoney platform.

For one, there are 2 forms of account. First, you have access to an account type in which you can trade directly with your cryptocurrency wallet, with your account being completely independent of Secondly, you can open an account with a middleman, an Escrow, from which you can then make trades. Here, as well, your account is out of the hands of, which ensures transparency and almost eliminates the chances of fraud.

We can also look at the way trading works for further confirmation. When you make trades on, you are either trading directly against Spectre’s pool of liquidity or directly against fellow traders. Since all these are conducted on audited, secure smart contracts hosted on global blockchain making it verifiable by all, there is also no chance of fraud. Under normal traditional brokers, the whole trading process and settlement is done behind “closed doors,” and no one really. However, under, each entered trade is processed via a public digital ledger that is verified by a large network of several processing nodes all over the world.

Furthermore, being a cryptocurrency-based platform makes it difficult for to be regulated by conventional financial authorities. Nevertheless, it is still registered and regulated under the International Business Companies (Amendment and Consolidation) Act 2009 of Saint Vincent and Grenadines. services are, however, not available in countries such as the US, Iraq, Iran, Costa Rica, Cyprus, Venezuela, Syria, North Korea, and Puerto Rico.

There are chiefly 2 ways to make trades on the platform. That is, there are basically two methods through which one can make trades on

  1. Decentralised Trading

You don’t need to open an account with here. You don’t need to worry about currency conversion or deposit or withdrawal fees. While there is no requirement for depositing funds, the minimum trade value is $50. You trade your $50, and if you win, it is returned straight to you with your winnings.

There is another option, and this is a minimum $10 deposit to a privately-escrowed Ethereum wallet. As trades are confirmed through blockchain, there is no opportunity for funds to be manipulated. If you wish to withdraw any winnings, the money goes straight from your privately-escrowed Ethereum wallet to your private Ethereum wallet. The minimum trade size on a regular account is $1, unlike the $50 with a wallet.

2. Digital Contracts

Digital contracts are a new class of trading contracts with a verified outcome, resulting in payouts of up to 400% (in some cases) within one second. Digital contracts can be traded on a range of assets, including traditional currency pairs and other assets. offers traditional A-Book FX trading and, unlike other brokers, shows its live liquidity pool that is crowd-sourced. It also acts as a counterpart to trades on the platform. This means that even if there is 1 trader or millions trading, always has liquidity.

This liquidity is protected and secured, giving traders long-term comfort. Traders trade either against each other (p2p) or against the liquidity pool. This means no trader is trading against the balance sheet of a shady broker who may choose to pay out or not. Neither nor the traders have access to the crowd-sourced liquidity pool. Only next generation immutable contracts can extract or send funds from and to the crowdsourced liquidity pool, respectively.