BullBinary is an up and coming binary options broker based out of Cyprus. Here, you will find our BullBinary review. Our goal is to give you all of the information about a number of different brokers so that you can decide for yourself which is best for you and your needs as a trader.
How to Get Started?
If you are looking to trade with BullBinary, your first step is to create an account. You will need to supply some basic personal information about yourself, like your name, country of residence, your email address, and a phone number. You’ll also need to give a password to protect your account and select a base currency with which you will execute
Next, you need to fund your account. The minimum initial deposit here is $250, but you can deposit more if you wish. BullBinary allows you to fund accounts with credit cards like MasterCard and Visa, wire transfers, and e-wallets, like Skrill, Neteller, TicketSurf, SoFort, and WebMoney. Odds are, you have access to at least one of these. While a $250 deposit is all you need to get started, we don’t recommend using a wire transfer unless you are depositing a much larger amount than this.
When it’s time to withdraw your funds, you will need to provide some documentation in keeping with local regulations. This is pretty standard procedure, and it is there so that you and your money are protected from any sort of fraud. Typically, the easiest way to get a withdrawal of your funds is to have the money put back into the same account that originally funded your BullBinary account. If this is going to be an issue, such as like what you would see if you had used a disposable credit card, get in touch with their customer service team before you request your withdrawal.
Our BullBinary review found that this broker fully integrates with the social trading network ZuluTrade. Here, you can connect with hundreds of other binary options traders, having access to a lot of different trade signals that are generated by other ZuluTrade users. If this is something that you want to explore, go into your account settings after you have created your account. You will find a choice to connect your BullBinary account to ZuluTrade. Not everyone will want to participate in this, but if you do, it is a nice option to take advantage of. Using ZuluTrade is pretty simple; you are given access to the trading records of many traders, and if you want to copy any of their traders, you can just click on their names and follow the directions from there.
BullBinary has a strong customer service team. First, they use the SpotOption trading platform, which is a well established and highly reputable organization that already has a built in customer service team. On top of this, because they are such a widely used platform, the bugs are all worked out of their software, drastically reducing the amount of technical issues that might occur with your trading here.
It’s important that you choose a broker with a strong customer support department. You don’t ever want to have an issue with anything while you are trading, but if something does happen, you want to have something done about it quickly. To get in touch with support at BullBinary, you can email them at [email protected], or call them at 44 203 807 2136. Depending on how immediate your concern is, either will work for getting you in touch with someone that can help.
What Makes BullBinary Different?
In addition to the easy access that BullBinary gives their traders to social trading, this broker has some strong features that help separate it from many other brokers out there. First and foremost, BullBinary is regulated by CySEC. This in itself might seem basic, but having a reputable regulator backing up your broker of choice is one of the biggest things that you can do when it comes to your success.
First, BullBinary has a huge number of assets available to their traders. There are over 180 different assets, including stocks and indices from around the world, commodities, and a number of currency pairs from the Forex market. Their trading instruments include the regular call and put options, 60 second binary options, long term options, and a number of different pairs, where two different assets are placed against each other and you are tasked with choosing the one that will move the most.
Also, BullBinary has some neat features that you can apply to your trading such as roll overs and double ups. These are not things that most traders should be using, but some will find that they are helpful for protecting and increasing profits. We know that binary options trading is risky, and when you’re not using tools like these correctly, your risk for losses goes up considerably. We encourage you to learn all about these tools and the risk that is associated with using them as thoroughly as possible before you attempt to use them in your regular trading routine.
Who Can Trade at BullBinary?
Only traders located in the European Union can trade at BullBinary. This is a CySEC requirement, and it is the law of the land right now. Also, because of financial governing laws, you must be at least 18 years old to trade at this site. Unfortunately, traders from the United States, Japan, and elsewhere cannot trade with this platform. If you are located in one of these locations and you are looking for a binary options broker to work with, we encourage you to find a top ranked binary options broker that is fully regulated and licensed to do business where you live.
Trading of any sort—and especially trading binary options—is very risky. We invite you to learn as much as this as you can before you get started because there’s a chance that you could lose all of your trading capital. It is really important to us that you have a strong broker on your side and that you know how to use the tools featured on that site so that you have what you need to give yourself a chance of being successful. Is BullBinary right for you? That’s something that you will need to decide for yourself. Our goal is that this BullBinary review will get you pointed in the right direction so that you can minimize some of the risk that you might see as a trader.
Do you have further questions about BullBinary or how to trade on this site? BullBinary does offer a demo account where you can test out their platform in real time without any risk. Demo trading accounts allow people to test a broker’s platform while using fake money. So, if you are still on the fence, create an account here and then get in touch with their customer service department and see what steps you can take toward accessing their demo trading account. Like many other brokers, they do require a deposit before you get access to this, but you can always withdraw that money later on without penalty if you decide that this is not the right place for you. Demo accounts are a great way to get a feel for a broker and what trading there will be like, even if it isn’t a perfect representation of the conditions that you will face when you begin trading with real money.Read More About BullBinary Review