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BetOnFinance Review

BetOnFinance Review
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BetOnFinance is a unique, binary options type, site based out of Malta. This site has a lot of different trades and bets that you can make on financial markets around the world. But before you create and fund an account, it is important to know if this site is the right one for you. Our... Read more
BetOnFinance is a unique, binary options type, site based out of Malta. This site has a lot of different trades and bets that you can make on financial markets around the world. But before you create and fund an account, it is important to know if this site is the right one for you. Our BetOnFinance review is designed to give you all of the information that you will need to know to make a smart and informed decision before you every risk a thing on this site. The BetOnFinance platform was created by Fibetco, a Danish gambling software developer.
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  1. BetOnFinance is a unique, binary options type, site based out of Malta. This site has a lot of different trades and bets that you can make on financial markets around the world. But before you create and fund an account, it is important to know if this site is the right one for you. Our BetOnFinance review is designed to give you all of the information that you will need to know to make a smart and informed decision before you every risk a thing on this site.

    The BetOnFinance platform was created by Fibetco, a Danish gambling software developer.

    • Conclusion:

      We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

      Between 74-89 % of retail investor accounts lose money when trading CFDs
      Your capital is at risk

  2. BetOnFinance Special features

    How Does BetOnFinance Work?

    Through their unique platform, BetOnFinance allows you to profit off of movement in the financial markets in three different ways. The first method is called “Stock Race Game.” Here, you choose from a pool of about 30 stocks within the U.S. or Danish stock markets. First, select the market you wish to bet on. Next, you will be given a list of 30 different companies. You can select from either upward (bull) movement, or downward (bear) movement. Your goal is to select the company that will perform the best out of these choices in either the bull or bear category. The concept is very similar to betting on a horse race. You want the company that you choose to perform the best (or the worst, if you go with the downward category). If your company wins, then you receive a payment to your account. Your goal is to finish in the top three of whichever category you choose.

    The second method is called the “Index Game.” Here, you select an index and then determine the percent change that it will change. They typically have two different timeframes with which you will be determining the change, the end of day and the midway point of the day. For the purpose of this site, the halfway point is always noon of whatever market you are trading within. To simplify this type of wagering, BetOnFinance puts a spread on the ranges. Let’s say that you believe that your index of choice will move by 0.3 percent. You would select the 0.25 to 0.50 percent range. If you were wrong in your prediction, but the price still finished up within the given range, your bet would be deemed a winning one.

    Another game that is offered through BetOnFinance is called an “Event Game.” These are very specific occurrences, and will vary quite a bit depending on what is going on in the news. Some events that might be featured include IPOs, policy announcements by a central bank, CEO replacements, or political or other economic events. You will be given a list of choices in the potential outcome of an upcoming event, and then will try to correctly guess the correct one.

    Winning bets are normally paid out, if correct, within 20 minutes of the close of the game.

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  5. BetOnFinance Trading software

    Unique Features

    We mentioned earlier in our BetOnFinance review that betting action here is very much like a horse race. And just like in a horse race, payouts are based upon a pari-mutuel system. That means that your potential payout will change until the moment that betting is closed. For example, if you bet early on Apple being the biggest mover of the day and you are receiving a 100 percent payout if you are right when you finalize your bet, but then there is even more action on Apple, you could very well see yourself only receiving a 50 percent payout by the time that betting is closed for the day. This can make planning ahead on potential profits a little bit more difficult than if you were using a binary options broker.

    Also, this site allows you to make more than one bet at a time. Let’s say you are looking at a stock pool and you see that Disney’s stock currently has a huge payout because not many people believe that they will be a big mover. So, in addition to your main bet, you place a small one on Disney, just in case. If Disney has a surprise performance, this kind of thinking can prove to be helpful.

    Is BetOnFinance Licensed?

    BetOnFinance currently holds a Class 3 license with and is regulated by the Malta Gaming Authority. Because they do not operate as a financial broker, it is not required that they have any sort of regulatory oversight conducted by a financial governing body. Instead, they focus on making sure that their games are administered under the same policies of other gambling institutions in Malta.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  7. BetOnFinance Support information

    What Does BetOnFinance Do to Help Clients?

    BetOnFinance provides their clients with a few different tools to help them make more informed decisions. An economic calendar is given, along with a list of which stocks are trending and which are less popular. These are certainly helpful, but in order to give yourself an advantage over others in the betting pools you may choose to enter, more advanced tools will be needed.
    This is One Way to Play the Markets
    The site also provides a number of resources for those that need help with a gambling addiction. In addition to the monetary risk that this site carries with it, there is potential for those that struggle with this problem to have even further issues. Gambling addiction is a serious thing, and if you think this might be an issue for you, we advise you to stay away from the site altogether.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  9. BetOnFinance Payment Methods

    How to Fund Your BetOnFinance Account

    If you are going to play the games at BetOnFinance, you will need to fund your account first. After you’ve created an account, giving your email address, phone number, and some other basic personal information, you will need to fund your account. You can do so with a Visa, MasterCard, or a bank transfer. The minimum deposit into an account, according to our BetOnFinance review, is 1 euro. If this is something that you’re not yet sure is right for you, then depositing a very small amount before you commit will be your best and safest choice.

    It is worth noting that those located in the United States are not permitted to use this site.

    If you have further questions about financial transactions with BetOnFinance, be sure to get in touch with their customer service staff. You can email them at [email protected] They also have a fairly responsive Facebook site if you are looking for further answers.

    The Bottom Line

    Wagering or trading in the financial markets is always a high risk proposition. Even with strong data and even with the most advanced technical analysis tools on your side, you cannot eliminate this risk. BetOnFinance is a very different type of site than what you are probably used to seeing, and as a result of this, a different approach will be needed if you want to be successful here. Our recommendation is that you only create an account with BetOnFinance if you are able to lose any money that you might deposit here without any feelings of remorse. Trading and wagering does have the potential for creating profit, but there is typically even more potential for losses, especially if you are not carefully implementing effective risk management techniques into every decision that you make.

    • Conclusion:

      We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

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      • Award-winning trading platform
      • Licensed and regulated broker

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      Between 74-89 % of retail investor accounts lose money when trading CFDs