Sign Binary Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

7 Binary Options

Marcio

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Now before you sign up for any type of binary options trading platform, it’s imperative to check its legitimacy. Apparently, no one wants to invest in a system that does not pay dividends. The whole idea of trading binary options is to make a profit and so if there is no return, then the effort you put in is pointless.

Our years of experience in the binary options industry shows websites that say you can signup for free and make huge returns, as a result, are in fact scams. Consider how would it be possible to make money from nothing? What are the platform’s developers getting? We put these and more questions to Breaking Binary to find out the truth about this platform with startling revelations.

No Basic Information

The first question we asked ourselves was, is Breaking Binary a scam? One look at the website, and it’s pretty clear that they offer nothing of value. But as you decide to explore the landing page of the website its surprising to see that there is absolutely no information. The introductory video is boring, but it too has no information to convey. Despite the lack of information, they have the audacity to call themselves the no. 1 Binary Options Signals platform.

These outlandish promises are always a sign of an untrustworthy service

Dig deeper into the website, and it’s clear that they have no authentic trading info to share. If anything all of this points to it being a dubious binary options system aimed at perhaps scamming people.

Who created the system?

According to Breaking Binary, it is an American website. But they are new entrants into the binary options trading industry. Having no established base means that they cannot be trusted. You just cannot trust a brand new business that does not offer any details even if it’s supposedly free. The signals system banks on an anonymous team of traders. But despite being free, you’re expected to make a $200 deposit to start.

The 14-Day Trial is a Ploy

The fact that they charge for this system on a monthly basis is appalling

Signing up requires that you provide your email address and name, later make a $200 deposit. Despite this starting amount being lower than other similar systems with the norm being $250, it is still a lot to ask. But as you proceed the system it will show you that with $500 the service’s premium features can be accessed. The ploy here is clear as day and is an indication of it being a scam.

The ploy works by first advertising a 14 day trial period during which you can start receiving signals for $1. It also says that if the person using the system is not satisfied with the quality of the signals they can ask for a refund. That said we would be cautious when it comes to trusting such statements. We wouldn’t advise anyone risk their hard earned money on such systems. After all, we don’t think it makes much sense paying even $1 for a 14-day trial which in most cases should be free.

What to Expect regarding Payouts and Returns

The payouts and returns are a little tricky as you’d guess with the Breaking Binary system since its a scam. The general rule of thumb always is that the bigger your initial investment the higher should be your earnings or profits. Our Breaking Binary review experts discovered that they were offering an 80% return on investment (ROI). But we wouldn’t trust this statement and take it at face value. No customer testimonials can prove that this statement is even remotely true.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

We reckon that the winning ratio has been concocted because nobody has ever received this type of returns. Plus, they don’t offer any incentives like a sign-up bonus.

While the system looks good in the advertisements, we doubt it actually looks like that

Here is how the system purportedly works:

  • You will start receiving binary trading signals via WhatsApp
  • The service’s mobile app or a computer can be used to place trades
  • Then you start getting profits from successful trades

Any successful binary options trader will tell you that making a profit trading is not easy. Regardless of how much experience you may have it’s still difficult. We find it fishy that the company offers no information as to how the signals are generated.

The FAQs highlight the fact that Breaking Binary is a scam. The questions are not factual and seem to be just wallpaper to fill up the FAQs section. The answers are not comprehensive, and so it leaves many questions unanswered. We also found that the website mentions nothing about using various trading strategies. Since information is so scarce, it’s a bad move to trust the system.

Is Breaking Binary Regulated?

The most important aspect of the Breaking Binary system is if it is being regulated? The brokers mentioned are not regulated by any regulatory body or even CySEC which is the bare minimum. So, why should you even consider signing up with a binary options broker who is not properly regulated?

Customer Feedback/Reviews

Feedback from present and previous clients can give us a good picture of just how effective the Breaking Binary system really is. But there is no information in the way of reviews or feedback on the official website which is very strange. We tried searching for reviews online, on other websites but couldn’t find anything. All of this points to the fact that the website is very new and nobody has worked with them thus far. And even if they are people who have signed on to the service they probably don’t have anything good to say about them.

Final Verdict

So, we come back to our very first question i.e. is it a scam? Yes, they are enough red flags to indicate that the service and platform is a scam. We always recommend our readers to conduct due diligence on their own before choosing any system. The same goes for Breaking Binary in addition to reading our review. It is up to you whether or not to invest in such a service.

If you really want to dive into trading binary options then find a regulated broker with good reviews. That way you can be assured that your investment is in good hands and will not disappear one day.

TBBOB

Fighting online scams since 2020

Tag: Signbinary review

Double scam review – Signbinary and Rocketrade

This review is about two new binary options scams called Signbinary and Rocketrade. They are presented by the broker Optionweb.

Binary.com Review

Introduction

Owned by Regents Market Group, Binary.com was first set up in 1999 and licensed in the Isle of Man and Malta. As one of the more established binary options brokers, Binary.com wasn’t always known by this name. In fact, until 2020 it was known as BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.

With offices in Malta, Malaysia and Japan, the company now has over 1 million registered accounts worldwide and handles approximately 15 transactions per second. The site is published in 12 languages to cater to their worldwide clients. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.

A multi-award winning trading platform Binary.com’s success is built on their flexible trading, simplicity, sharp prices, trust and security. With over 2 billion dollars traded to date and their commitment to providing a first class client service, they have managed to maintain their position while many others have entered the market around them.

In this review, you will learn:

    What types of accounts are available to traders The payouts you can expect from successful trades All the functions and usability of the platform

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Unlike many brokers, there isn’t a menu of accounts to choose from, there are just Virtual and Real accounts.

Virtual Account

When you visit the desktop or mobile site, you are encouraged to open an account, but it’s a Virtual Account, not a Real Account. Follow the steps to open an account, and you are asked to enter a verification code sent by e-mail to complete the process. Once you have done this, you have your very own live Binary.com demo account with $10,000 to practise with. A Virtual Account or “demo account” as they are also known to allow the novice trader to practise and get used to trading binary options before risking their own real money.

Real Account

Once you have got to grips with the platform via your Virtual Account, you can then open a Real Account with as little as $5. This low deposit amount is much more accessible than other binary options brokers who require a minimum of 250 dollars and is a contributor to their popularity with so many account holders. It’s a swift and easy process to open a Real Account, and with a few simple details within minutes, your account is live, and you are ready to trade. There is a menu box that allows you to move between your Real Account and your Virtual Account and to stop you getting carried away you are asked if you would like to receive an update or “reality check” and at what intervals.

Trade Types And Payouts

The payout percentage changes in real time for all trade types. Unlike other brokers that may state a payout of 85% for a simple binary call/put trade the Binary.com platform updates as you watch. Second, by second the payout amount rises and falls, allowing you to pick when to make your trade. As an indication, the trader can expect to achieve a return of around 85-86% for a successful trade. The minimum trade amount is just $5, which makes this a decent beginner broker.

As with many of its peers, the Binary.com platform offers the following types of trades.

Call/Put Trades

This trade type has two options. Rise/Fall or High/Low; A simple prediction of whether the asset will rise or fall in price in the allotted time.

Touch/No Touch Trades

Profits are much higher with the type of trade with a return of around 1,000%. Again it is difficult to predict the exact return as the prices change in real time.

In/Out Trades

With In/Out trading, there are two options. Ends In/Out or Stay In/Goes Out with returns again of around 1000%.

Traders can expect to achieve an excellent rate of return with Binary.com, around 86%.

Bonuses And Promotions

With such a low deposit amount required, it is no surprise that Binary.com don’t need lots of attractive bonuses to entice people to sign up to their trading platform. However, there is a $20 welcome bonus offered to those that open an account with just 5 dollars. It isn’t something that is widely advertised, however, and someone wishing to open an account in this way would need to search for Binary.com bonus to find the option.

Mobile Trading

While Binary.com has made many technological advancements and offer such an intuitive trading platform; there is no mention of a dedicated mobile app. Upon further investigation, when searching the App Store on iOS or Google Play, it would confirm that there is no app available for both iPhone, iPad or Android devices. That said the mobile platform is highly functional, straightforward to use and not overcomplicated.

Opening an account on any site on a Smart Phone can sometimes be a fiddly experience, but when you sign up to Binary.com, the data input boxes are clear, functional and easy to use while being big enough to see what you are doing without squinting.

One of the great features of the mobile is the prominence of the account that the trader is currently using. In the top right-hand corner of the screen is a drop down box with the option to switch between accounts. As well as a clearly labelled differentiation between the virtual and the Real Account there is also the account number, so you don’t have to go rooting around should you ever need to call support.

Deposits And Withdrawals

There are many ways to deposit funds into your Binary.com trading account. Choose from debit or credit card; Visa, Mastercard or Union Pay. You can also use a Bank Wire or Money transfer, or one of many E-Cash methods such as Skrill or OK Pay. As previously mentioned the initial minimum deposit amount required is only $5 and cleared funds will be available to start trading immediately.

Withdrawals are made via the same method as deposits, so if you made your deposit via a credit card any money that is withdrawn will be sent back to the same card. Once a withdrawal is requested, a verification token is sent via e-mail to ensure security. It then takes between 1 and 5 days for the money to be returned. The processing time depends entirely on whether you are using a wire transfer, credit or debit card or e-cash.

We advise all traders to ensure they have followed the proper verification and identification process to avoid any withdrawal problems. While performing our Binary.com review, we had no banking issues to report.

Special Features

One of the key features of Binary.com is its unique “fixed odds” trading platform. The platform allows you to set your trading price and tells you the amount you will be returned, which essentially allows you to choose your profit. When you start trading the amount needed to achieve a 10 dollar return, for example, will move up and down in front of your eyes. Once you confirm your trade, it is locked in, and your payout amount remains fixed.

As mentioned above, it is evident that the critical feature of Binary.com is the fact that you can open an account with only $5. While many competitors offer a lengthy and possibly complicated menu of accounts and options, this low deposit option is probably the key reason that they have as many account holders as they do.

Customer Support

With many binary options traders, you can log in and immediately see how to contact a member of customer support. This may be in the form of an intrusive live chat box that pops up to check you are ok or by a prominent button should you need to start a live chat. With many brokers, you will find a list of numbers depending on your country and a list of contact methods.

Now while all of this is available with Binary.com, it isn’t as visible, and you do need to go looking for it. By scrolling to the bottom of the desktop site, you will find a small “Contact us” link. Once you open up this page, you do get a choice of telephone numbers, e-mail or live chat and on further examination, there is a drop down box to allow you to choose the relevant country you wish to call. There is also a list of addresses to write to.

Here are the contact details for Binary.com:

    Email – [email protected] Phone – +44 016 668 000 42 Address – Binary Investments Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta

Conclusion

Here we’re going to wrap up our Binary.com review. Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to have the added advantage of many of the leading binary options traders in that you can open an account with as little as $5. This may be a reflection of their “no frills” offering with the lack of an app and other features that you might expect to find. The information on offer is basic, and they don’t appear to shout about the benefits of the platform. Their focus seems to be on the ease of use when it comes to trading and the fact that they boast a unique trading platform.

During our thorough and detailed Binary.com review process, we found a few complaints and no evidence that this broker is a scam. Their longevity stands them in good stead, and they have built up their legit large following through trust and reputation. The risk of binary options trading isn’t any less with Binary.com, but it does allow the trader to “dip their toe” without committing as much as they would with other traders.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binary.com legit, will they scam me?

Binary.com is licensed and regulated in Malta, the United Kingdom, the Isle of Man and Ireland. They have won many awards, and like all brokers, we have put them through stringent vetting procedures.

Do they have a decent mobile or tablet app?

The mobile website is intuitive, simple and easy to use. As well as a fully responsive mobile website, they also have an app available on the App Store and Google Play.

What bonus do they offer new traders?

The stakes are much lower with a Binary.com trading account, and their minimum deposit requirement is just $5, and their minimum trade is also $5.

Can I start trading on a free demo account?

There are only 2 accounts available on the Binary.com platform, a virtual (demo) account or a real account. Once you have entered the site, you are good to start trading with $10,000 of virtual cash.

What’s the minimum deposit and trade amount?

The minimum deposit required to open a Binary.com trading account is just $5. This low deposit amount is a far cry from the $250 deposits required by many brokers.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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