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BinaryOnline Broker Review

Min. Deposit: $250
Min. Investment: $5
Max Returns: up to 81%
Rating: Rated with 4.5 stars
Regulated Broker: Not available
Signals: Yes
  1. BinaryOnline

    There are hundreds of brokers on binary options market in South Africa and each day, new binary brokers appear by offering trading platforms to trade binaries in an efficient way.

    BinaryOnline is one of such brokers, who is present for all interested South African traders.

    BinaryOnline is owned by the Zola Ltd, company located in Bulgaria, Europe.

    To learn more about this binary options broker and what trading features does it offer to traders in South Africa, read further in our BinaryOnline broker review.

    BinaryOnline General Info – South Africa

    According to BinaryOnline broker review, they claim to offer a wide selection of trading tools and services, which should be sufficient enough to enable traders to achieve high profits on BinaryOnline trading platform.

    To begin trading binaries with BinaryOnline, required minimum deposit is $250. Also, accepted currencies are: EUR, GBP and USD. Lowest investment is $25 while only for Hyper options, minimum investment is only $5.

    This broker claims to offer max. returns up to 81%.

    BinaryOnline Platform and Trading Features

    This binary broker states how they are continuously working on delivery latest trading tools and innovative platform to interested traders in order to have a successful binary trading journey. Our BinaryOnline broker review shows how they use PandaTS software.

    Platform looks very modern and traders can easily navigate over the site when in a search to find relevant information before trading binary options begins. This software is one of the popular ones in binary industry and an increasing number of brokers use it on their platforms.

    What we found useful while reviewing BinaryOnline broker is that they offer a selection of trade options with detail explanation of each. They include: One Touch, HIgh/Low, Range Options, Hyper Trading, Copy and Social Trading.

    Considering times of expiry, BinaryOnline covers a truly amazing list of expiry times, such as short term (30 s, 60 s, 2 min, 5 min, 15 min), medium term (30 min, 1 hr, end of day) and long term (end of week / year).

    Our BinaryOnline broker review revealed how they offer more than 100 of different underlying assets, such as stocks, commodities, currencies and indices.

    There aren’t too many binary brokers who offer Social Trading option such as BinaryOnline does. They support copy and social trading which is especially important to traders beginners since it enables them to have more successful trades. South African traders are able to follow successful pro traders and copy their good trades.

    Another powerful trading instrument we discovered in BinaryOnline broker review is opportunity to experience mobile trading. In past few years, binary industry put focus on developing new ways how to attract people to join the platforms and by offering mobile platforms they achieved great success.

    With BinaryOnline mobile app, traders in South Africa are able to experience a whole new level of trading binary options. It is an excellent choice for all those busy traders who want to have access to the trading platform on the go. With this app, South Africans can see how list of trading tools and features is exquisite, same as in desktop version.

    BinaryOnline app is connected both with Apple and Android devices so traders are able to download the app from App Store and Google Play as well. Registered traders only have to provide their email and password when they try to login to the mobile app. BinaryOnline app is free and simple to use.

    What we noticed also while reviewing this broker, is that BinaryOnline is connected with one of the leading binary auto trading software on the market; Binary Options Robot. This way, South African traders who prefer auto trading benefits are able to trade binary options with BinaryOnline broker.

    BinaryOnline Account Types

    Our BinaryOnline broker review showed us how traders are able to choose between three different trading accounts. Further, we’ll provide more details about a specific account type.

    BinaryOnline Takeoff Account

    • Deposit $250 – $2499
    • 24/7 customer support
    • Promotional email alerts
    • Daily market news and updates
    • Access to winners corner and webinars

    BinaryOnline Standard Account

    • Deposit $2500 – $9999
    • 24/7 customer support
    • Promotional email alerts
    • Daily market news and updates
    • Access to winners corner and webinars
    • Personal trading expert
    • Access to free signals for 2 weeks

    BinaryOnline Premium Account

    • Deposit $10000 – $49999
    • 24/7 customer support
    • Promotional email alerts
    • Daily market news and updates
    • Access to winners corner and webinars
    • Personal trading expert
    • Access to free signals for 3 weeks
    • 10 risk free trades
    • Live trading with Professional
    • Higher profits

    So far, we haven’t noticed demo account on BinaryOnline platform. Most traders prefer to try out the platform before they place a trade and make a deposit. It is pretty handy since inexperienced trades get an option to train first and later on, experience real trading in binary options.

    However, BinaryOnline broker review revealed how registered traders are able to use Islamic account, intended for Muslim traders. With Islamic account, traders don’t have to pay any additional charges and yet have an option to trade binaries on this easy to use trading platform.

    BinaryOnline Customer Support Service

    For this BinaryOnline broker review, we noticed how they provide really good customer support, which is meaningful to all traders in South Africa interested to join this trading platform. Traders are able to contact this binary broker via: email [email protected], live chat, phone (UK and Australia) and online contact form.

    We tried out live chat option and were satisfied since support agent joined the chat shortly. We find customer service to be an important segment of trading binary options since very often, traders want to get an instant answer and that can be provided with a responsive BinaryOnline customer support service.

    Education segment is considered as an important segment of binary trading and its importance is recognized by BinaryOnline broker. Under Winners Corner, traders in South Africa are able to find a truly excellent list of education guides and tutorials.

    Winners Corner is divided into: ebook, binary options 101, binary options 201, knowledge base, binary insight, FAQ and market updates from financial markets.

    These educational tools are greatly appreciated since they assist traders to improve their existing trading knowledge and go few steps further into learning more and becoming more successful trader in binary options trading.

    While binary trading 101 and 201 provide more explanation of what binaries are and how to trade them, in Knowledge Area, traders are introduced to videos, signals, glossary and ebook in order to be well informed and see what are the latest market trends.

    A selection of videos, economic calendar, calculators etc are available under Market Insight. Traders are able to know from where do market news come from and how to use that in binary trading process.

    BinaryOnline Banking

    According to BinaryOnline broker review, this brokerage company is operated by the Zola Ltd, 14 Tsar Osvoboditel Blvd in Sofia, Bulgaria.

    They try to maintain high safety measures and conduct transparent online business. This can be seen under BinaryOnline tab, since they offer privacy policy, terms & conditions, KYC policy, AML policy and many more.

    To make a deposit, traders need to invest $250 at least to begin trading. It is possible to deposit via debit (Visa) and credit cards (Mastercard), as well as bank wire transfer. From e-wallet representatives, only CashU is available.

    As regards to withdrawals, traders in South Africa need to login to their trading account, go under My Account and click on Withdrawal tab. Several documents need to be sent to the broker first, for authorizing a trading account, such as:

    • proof of residence
    • copy of ID card
    • Copy of credit card used in binary trading
    • Investment testimony form

    Depending on chosen trading account, estimated period of time for funds withdrawal is between 3 to 5 business days.

    This broker unfortunately charges fees for all withdrawal options. Via credit cards fee is $25 and additional $10 processing fee (credit cards), for CashU it is $25 and via wire transfer even higher, $50. This is way higher than average amount in industry which we think it is pretty odd and unclear.