Binary Capital Markets Review
Binary Capital Markets currently only allows traders located in the EU to utilize their services. Traders in the United States or elsewhere cannot currently use this broker. They are new broker, having just opened up for business in the latter part of 2016. Our Binary Capital Markets review team has already gone over their site for you, helping to point out information about this broker that can hopefully help you to make a more educated decision about where you should deposit your money.
While binary options trading is risky, and while there is always a chance that you could lose all of your trading capital, the right broker, and the tools that they offer clients can help you to offset that risk and give yourself a better chance of making money. Is Binary Capital Markets the right broker for you? Read on and find out.
What Can You Trade at Binary Capital Markets?
Binary Capital Markets has a wide range of currency pairs, indices, stocks, and commodities to choose from on their platform. They offer the standard call and put options, including ultra short term trades down to 60 seconds in length. They also have long term options which can go for as long as 30 days out into the future, or further in some instances. As far as exotic trades go, they offer one touch trades, ladder trades, and pairs. This is a large variety as far as brokers go, and it gives their traders a lot of different tools to choose form. Any Binary Capital Markets review or summary would be incomplete without mentioning the wide variety that they provide. This goes for both assets and for the types of trades that you have available to you. Once you gain experience and refine your trading, variety may not seem like an important factor, but you also want to have more than enough room to grow as a trader. Binary Capital Markets gives you room to grow and enhance your skills in a variety of directions. That’s why variety is so important in a broker, and why we recommend Binary Capital Markets. You might not use most of the choices available to you, but you want to be able to use them if you ever need them.
What is the Binary Capital Markets Trading Platform Like?
Binary Capital Markets uses the SpotOption trading platform. This is one of the most widely used platforms in the world of binary options trading and is extremely user friendly. Still, it is worthwhile to spend some time looking over the site, making sure that you know how to use all of the features.
Binary Capital Markets does have a demo account available. It is free to use, all you need to do is create an account with the broker. If you have questions about this process, be sure to get in touch with their customer service department. You can contact them by phone at 357 25 030 529. They also have a customer service rep that answers emails at [email protected] Their demo account gives you access to all of the features of the site, so if you’re on the fence about using this broker, our Binary Capital Markets review highly recommends that you test out the demo trading account before you finalize any decision. If the broker is not right for you and your unique set of needs as a short term trader, it’s best to find this out before you lose any money.
There is a downloadable Binary Capital Markets app for their trading platform so that you can trade on Android and iPhone devices. You can find a link to this app right on their website. If you are interested in being able to trade when you’re on the go, then this is a very important feature to keep in mind. Just know that having access to trading more does not necessarily mean that this will be more profitable to you. Always couple your mobile trading with some sort of additional analysis method or signals service in order to keep your successful trade rate at an acceptable level.
Is it Easy to Deposit and Withdraw Funds?
The simple answer here is: yes. It’s easy to conduct banking transactions with Binary Capital Markets. Getting money into your account is easy, and getting it back is easy, too. You can make deposits with a credit card (Visa and MasterCard), e-wallets like Sofort, or through wire transfers from your bank. You will need to deposit at least $250 USD to open up an account, but minimum trade sizes are just $10. That’s pretty low in the binary options industry, which makes Binary Capital Markets a good choice for new traders that don’t want to overextend themselves.
Whatever method you use for your deposit, you will need to use the same method for your withdrawals. Because this is a CySEC regulated broker, you will be required to provide documentation proving your identity and your address of residence. A government issued ID, like a driver’s license or a passport, can accomplish this first requirement. A copy of a utility or internet bill can accomplish the second. If you used a credit card to fund your account, you will be required to scan a copy of the front and back of your card to Binary Capital Markets. Make sure that you block out all but the last four digits of the card number and the CVV code on the back of the card so as to protect your financial info.
You can also make deposits with euros, if that’s easier for you. Once you select a currency to make financial transaction, all of your transactions will be conducted with that same currency.
Is Binary Capital Markets Safe?
Binary Capital Markets is regulated by CySEC, one of the leading binary options regulatory bodies in the world. Based out of Cyprus, CySEC represents many different EU based brokers, and our Binary Capital Markets review squad found them to be a highly reputable governing body. CySEC regulated brokers are not allowed to accept traders from many other geographic locations, including the U.S. This doesn’t mean that they are unsafe in those countries, it just means that they are not licensed to do business there. In order to prevent legal issues, they do not allow traders from these countries.
What do We Think?
If you are located in Europe and your country recognizes CySEC as a valid governing body, then our Binary Capital Markets review team found this to be a top ranked broker. They are reputable, have a large number of assets available for trade, have a wide variety of trade types and expiries, and they follow efficient and safe banking procedures. If you are thinking of trading binary options and you are in the EU, then Binary Capital Markets has the potential to be one of the top brokers for you to consider.
You know that trading of any sort is risky, and binary options have a special sort of risk that comes along with them. You even have the potential to lose all of your money. Having the right broker on your side can make a huge difference in how successful you are. Our hope is that this broker review will help you to make a better and more informed decision when it comes to who you will entrust with your hard earned money.Read More About Binary Capital Markets Review