BinaryInternational Broker Review

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BinaryInternational.com

BinaryInternational.com is a binary options broker I discovered recently. 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.com you ask? It is a broker registered and headquartered in Anguilla, West Indies by Neuro Tech International. This broker is not registered in the EU or with CySEC and is not regulated. This is not necessarily a problem but adds weight to the list of reasons why I don’t think much of them.

The Platform; Assets, Expiry and Options

The platform, as I said, is actually quite nice. 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. Option types available include the standard High/Low, One Touch, Boundary and Short Term. The Short Term options are those with expiry 60 Second, 2 Minutes or 5 Minutes from purchase. Regardless of thetype of option strike and expiry rates are based on what the “system” offers based on the indicative rate, not the actual rate provided by trusted third parties.

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 1-30 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. This really isn’t much to work with. Serious binary options traders will need much more flexibility than this in order to be successful.

Banking; Deposits, Withdrawals and Bonuses

I won’t spend much time on deposits. They are of course the easiest part of trading binary options. It’s the withdrawals and bonuses you need to watch out for and this broker needs some watching. Minimum deposit is $250 and can be made by credit card, wire transfer or MoneyBookers. Minimum withdrawal is also $250 and comes with a $25 fee. Withdrawals over $500 have only a $20 fee for wire and $10 for CC. 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. If you receive their “free” software package you will also be subject to other stipulations. You will need to make at least 5 trades before making any deposit or else incur an additional $50 fee. I guess the free software really isn’t free.

BinaryInternational.com Review

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Consumer Reviews

Binary International is OFFICIALLY closed their website for good.. After so many clients has been cheated and stolen the money by them.. Now, they run away with the cash from their clients, which unfortunately I was among the clients.. I did invest to them US$1,250 and I did have some profits which could not be withdrawn since they just do not want to return any communications..

Last month, William Collins (Head Financial Adviser) still persuaded me to invest for US$35,000 to the account which he said is fully covered with insurance, Yet I already smell rats and just ignored his request.. Now, I did loss the initial money I invest with the profits, yet I am still LUCKY compare with other clients that invest on them for BIG VALUE..

Personally I have reported this case to IC3.GOV website.. They probably run away with laugh.. Yet they will face their KARMA on what they did, what they get in a matter of time..

BI (a company owned by ITM Financial) is not honoring my withdrawal requests and I have $10,048 USD with them. I met all “conditions” (per then Manager Vicky Manolelis) and placed a request for withdrawal last November 2020. Today 01 February 2020, my withdrawal request has been automatically cancelled. I have had more than 25 email transactions, spoken personally to two managers, one Liam Collins uses the alias “William.” Liam’s title is Head Financial Advisor. His only action toward me was to send an email asking for a further deposit?? He only wanted $50K or $100K with many assurances of safety of my funds.

If you give them any money at all do it realizing they are “Hotel California” (Eagles Band) “You can check out any time you like but your money never leaves!!”

following my previous comment, I am still trying to get in contact but nobody replies by email. By phone they tell me accounting department will get back to me, but nothing so far. They keep on not sending me any money per month as said. I believe that rest of the members will face same problem with me. I can not speak on others behalf but on my behalf i am dedicated to find a solution and get my money back, even by seeking civil and penal responsibilities from everyone who is involved.

Sep 28, 2020 – 1 Star i have deposited my money last february.

and made another deposit like 2 months after.

i profited like 10-15% on my capital and decided approx beginning of june to stop. It’s been 3 months and since then i have received only one withdrawal of 1/7 approx of my capital, of my money middle of June. Since then, i’ve been told that they have problems with the banks, they are changing banks. Banks can send up to certain amount per month, this is how the industry is, we’ll send it the end of the week, beginning of next week, next few days, now they stoped even replying to me.

BinaryInternational

Broker Name: BinaryInternational
Platform: Tech
Founded: 2020
Bonus: 100%
Return/Refund: 70-85% /0-10%
No. Of Assets: 60
Regulated: No
Demo Account: No
Minimum Deposit: 200
US Traders: Not Accepted

BinaryInternational Review

Editor’s Note – Why Does BinaryInternational Suck in 50 Words

This broker might suck because it is an off-shore broker located in the the West Indies. This means the broker is not regulated by CySEC, the FCA or other major body and opens the possibility for fraud. It does not, however, guarantee a fraud exists. Many top brokers exists in off-shore locations in able to service a wider range of traders, this looks like one of them.

Why BinaryInternational Doesn’t Suck in 50 Words

BinaryInternational.com is not a new broker. They have been flying quietly under the radar for several years but have not made major headlines. Why? Because they haven’t been scamming people. This broker is built on the TechFinancials platform and is one of the first to recognize the long term potential of operating a fair brokerage house.

Full Review Of Binary International – A Broker For International Traders

Binaryinternational.com is owned and operated by Neurotech International LTD, located in the Brasbow Building, Anguilla, British West Indies. The broker has been around for several years and has proven to be trustworthy so far. The broker is based on the ever popular TechFinancials platform which makes it a leading source for quality binary trading. What it is not good for is education; this broker has absolutely no information about how to trade or what binary options are but it doesn’t matter, so long as you know how to trade.

There are five kinds of options available; high/low, above/below, touch/no touch, boundary in/out and short term. High/low are standard digital binary options, above/below are similar but with set strike prices. Touch/no touch require the asset prices to touch the set strike only once during its life, or not touch it. Boundary options require prices to remain within a channel and short term is where you find the 30, 60 and 90 second options. These are supported by a full asset list. There are 19 international stock indices, 28 forex pairs, 50 stocks and 10 commodities including 3 commodity pairs. Expiry range from the super short 30 seconds through several intraday options and end of week, end of month and out further on some of the more heavily traded assets. The platform is great for day traders and swing traders but is limited for longer term traders.

Is BinaryInternational.com A Scam?

It does not appear that this broker is a scam. They employ bonuses and trading software as means to attract new traders which opens them up to complaints of scams but other than that their operations seem to be legit.

BinaryInternational Ratings

User Friendliness 18/20

This broker is very user friendly, for those who already know how to trade. If you are looking for a good education center this is not it but it is a no-frills trading platform that makes everything an experienced trader is looking for easy to find. And the trading is great too.

Number of Assets, Expiry 16/20

The number of assets and expiry is pretty good, not excellent, not the best, but pretty good. The forex and indices are the best lists, commodities and stocks a little lacking but there are still plenty and all the majors are covered. Expiry is also a little limited but not bad. Short term and day traders are well represented, swing and long term traders will have less to choose from.

Commissions, Support&Effective Returns 15/20

There are no commissions with this broker, standard for the industry, and effective return is about average too. For the most part the high/low options pay out in the range of 75%-85% with that going up for the more exotic range, touch and high-yield options. Support is OK, but like I said this is not a broker for newbies.

Deposits, Payments & Bonus 15/20

They only score average here as well. Credit cards and wires are supported, no eWallets at this time. Minimum deposit is $250 with a minimum trade size of $5. Bonuses, up to 200%, are available based on account size. Payments are made within 10 days and are paid back to the original source. Bonus terms are also standard, 30X bonus amount with no withdrawal until the terms are met. Large depositors can also get free iPads and other attractions.

Broker Extra’s 10/20

This broker has a free demo account, if you deposit over $500. Having a demo account is great, having to pay for it not so much.

Binary International Overall Ratings: 74/100

Best Binary Options Brokers 2020:
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    Get a Sign-Up Bonus Now!

  • Binomo
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