Is BinaryOnline a Scam?

Given the fact that BinaryOnline is one of the newest binary options brokers on the market, it’s perfectly natural to be careful when approaching them. Unfortunately, scams are not unheard of in this business, so you should always take things slowly when opening a new trading account. Research everything thoroughly before you start investing. How? Well, that’s where our trading experts come in! They trade with brokers, so that you don’t have to risk your hard-earned money, and then report back with their impressions. Therefore, if you want to know is BinaryOnline a scam or not, you’re at the right place. Keep reading and see what we experienced when we started trading with this new company.

Is BinaryOnline a Scam? | Trading platform

Let’s start things off with the BinaryOnline Trading Platform. This is where you will be spending most of your time, so it seems like a good place to start our test. With over 100 different currencies, indices, commodities and stocks at your disposal, you should have no problems finding what interests you. The trading experience itself should be pretty good because all prices are regularly updated and we have had absolutely no issues with opening trades. This is thanks to the famous SpotOption software, a very reliable piece of engineering that makes sure no problems ever occur here. Indeed, it does the job exceptionally well and we firmly believe you will have no problems at all. However, we still have a way to go if we want to determine is BinaryOnline a scam, so stay with us.

Is BinaryOnline a Scam? | Safe deposit methods

Of course, we have to take a look at this broker’s money transfer methods. This is where scams most commonly occur, meaning we can get a pretty good idea of is BinaryOnline a scam or not after we go through this part of our test. We went through BinaryOnline Minimum Deposit in a separate article, but of course you can use bank transfers to fund your account, but keep in mind that this method is a bit slower than the other ones because it may take up to 5 days for your money to finish its journey. If you want quicker transfer, you might want to use Visa and MasterCard credit (debit) cards or an e-Wallet (Neteller, cashU, Skrill, and others). You will be happy to know that the broker’s website is SSL certified and they also have a PCI certificate to further prove their reliability. Cookies are also there to help you have a better trading experience. Is BinaryOnline a scam after all this? The answer seems to be negative, but let’s explore some more.

Is BinaryOnline a Scam? | Identity verification and withdrawal

As is the case with all serious brokers, you will be asked to verify your identity before you are able to withdraw your funds, no matter which of the BinaryOnline Account Types you have. To do this, you will be asked to provide the broker with a copy of your ID, a proof of your address and a copy of the credit card you used to fund your account. Keep in mind that you will also be asked to fill out a so called Investment Testimony Form, a form that will require your handwritten signature at the bottom, so you will have to download it, fill it out and then send it back to the broker’s e-mail. Should you decide to withdraw via your e-Wallet, you will only be asked your e-mail, without any additional financial information. Finally, if you choose to withdraw via wire transfer, you can expect this process to last a few days because it takes some time to link your bank account with the trading account. From our own experience, all these methods function flawlessly and if you were to ask us is BinaryOnline a scam, we would have to say no.

Is BinaryOnline a Scam? | Support

Customer support is always an important part of the trading experience, and its quality can also tell us a lot about is BinaryOnline a scam or not. This is because scam brokers usually neglect support and are not able to answer your questions in sufficient detail. Fortunately, that is not the case here. First of all, there is a live chat application embedded in the website and you can also ask the broker to call you back whenever it suits you. In both cases, you will get thorough answers and a capable support team member on the other side ready to help you with whatever you need.  Of course, you can also contact them via e-mail, but whichever method you choose, you will be very satisfied with how you’re treated here. At this point, discussing is BinaryOnline a scam seems pretty pointless, but there is one more thing we have to address.

Is BinaryOnline a Scam? | Education

It’s really nice to see when a broker goes the extra mile to help its clients learn and get used to their trading environment. They are especially dedicated to beginners, so if you don’t have a lot of experience in this business, this is one of the best places where you can learn about it. Everything is especially well designed in this section, and you can watch various educational videos or read a handy e-Book if you so desire. There are also signals to be discovered in this part of the website, but keep in mind that you will have to have an account before you can access them. Add to that a very detailed glossary, and you have everything you need to hone your trading skills. After this, there really shouldn’t be any doubt what you should answer when someone asks you is BinaryOnline a scam or not, but if you want more info, go and check out our BinaryOnline Review 2016.

Is BinaryOnline a Scam? | Conclusion

After this lengthy analysis, we believe there really isn’t any room for doubt anymore. The answer to the question “Is BinaryOnline a scam?” is a resounding no. Money transfers are completely reliable, the platform functions perfectly and the support team always do its best to help you. On top of that, you can access many useful educational features and further improve your skill. If you want a quality broker, this is absolutely it – do not hesitate!