Best binary options payout review trading for dummies49 comments
Using quantum binary signals
The broker uses a proprietary platform that I might like if it were not so limited. The limitations, along with some potentially troublesome scams make this a broker to be wary of. Who or what is BinaryInternational. The assets are listed in a scroll down menu to the side from which you can choose from among a list of stocks, commodities, currency pairs and indices.
Once you chose an asset it is displayed in a trade box similar to what you find with most other broker. The asset list is very limited, as is the available expiries.
Assets include most of the currency pairs and global indices but only 8 stocks and 3 commodities. I can get over the assets but the expiries will definitely keep me from using this broker. Aside from the Short Term options described above available expiry is limited to a list of intraday options in minute increments depending on the asset.
Some assets have available options expiring throughout the day while some of the lesser traded ones only have one or two available expiry times for each day. Other than that some options also have and end of the month expiration but nothing in between.
Serious binary options traders will need much more flexibility than this in order to be successful. They are of course the easiest part of trading binary options. Each withdrawal must be requested in writing at least 7 days prior and will be subject to a three day processing period and then up to 10 business days for payments.
The bonus policy is one area of potential scam being perpetrated by this broker. This may seem like a great thing but it is really an attempt to keep your money. In order to keep the bonus and to make any withdrawal you must reach the minimum trade volume of 30X the bonus. Because you must clear the bonus to make any withdrawal you may as well just give them your money as try to trade with them.
This broker may be a scam for reasons I have only barely begun to expound upon. Aside from the scammy bonus policy each new account receives a free software package provided by a third party.
This software package is a system based on a proprietary indicator called the GCAD 1. The system targets the highly volatile and risky 60 Second time period using charts of 1 minute candlesticks. It seems obvious to me that the broker and the SSP are in league with each other in order to build more 60 Second business. I would not be surprised one bit to find out that the two are operated by the same people. This broker is not recommended. This broker is either not regulated or generates a large number of complaints.