Tradorax Review – Good or Bad Binary Options Broker

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!

Contents

Trusted Binary Options Brokers List

During the last few years, an increasing number of people are getting involved in binary options trading. Similarly, the number of binary options brokers has increased to cater for this growing interest. Currently, it is estimated that there are more than 450 brokers who are providing these services. The high number of brokers available is good for the industry because it necessitates competition and hard work to meet the various needs of traders.

Binary Options Brokers Reviews

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Before channeling your hard-earned money to open an account with any binary options broker, it’s crucial you understand how they operate and whether they are suitable to hold your cash. The choice of a broker can really be the difference between having a successful career or failing to realize your dreams.

Furthermore, we have categorized the various brokers based on their respective regions. This way, you can easily locate a good broker operating in your geographical location and open an account right away.

Top 5 Trusted Brokers 2020

The best binary options brokers in the industry have certain qualifying traits that set them apart from the rest. These brokers provide a perfect mix of diverse asset base, variety of trading accounts, convenient and secure deposit and withdrawal methods, a reasonable level of financial stability, high rate of profitability, command a high reputation in the industry, and most importantly, backed and operated by a strong and professional team.

There are many other brokers that are also considered to be in the list of the best binary options brokers due to the top-notch services and facilities they offer.

Regulation Turnover Minimum deposit Founded Bonus
CySEC up to 100% $100 2020 No Read review
CySEC, IFSC, CONSOB, BAFIN 90% $250 2020 No Read review
FCA 85% £100 2020 50% Read review
FCA 81% $250 2020 100% Read review
CySEC, FCA, BAFIN, CONSOB, AMF, Regafi 95% $10 2020 up to 50% Read review

Brokers Accepting US Traders

There are some very professional and reliable binary options brokers available online. However, not all of them offer trading for USA customers due to regulatory restrictions.

Here are some highly reputable brokerage companies offering online trading services to USA clients with some attractive benefits.

  • Instaforex offers up to 85% payout with a bonus of up to 100%
  • OptionRobot is the most popular binary options robot in the industry, that working with brokers who accept traders from the USA

Binary Options Brokers in Australia

We have also conducted a check regarding binary options brokers offering excellent trading services to Australian clients. Here is a list of some brokers licensed to operate in Australia:

  • PlusOption allows a minimum investment amount of USD 250. You can get up to 81% payout with the broker.
  • Finpari allows traders to open an account with initial deposit of USD 250 and offers up to 100% bonus. The broker’s payout is up to 85%.

Binary Options Brokers in Canada

Canada blocked 37 binary options brokers in March 2020, but there are still number of brokers providing binary options trading for canadian traders.

Here is a list of some of them:

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!

  • Finpari
  • PlusOption
  • StoxMarket provides free demo account and bonus of up to 100%

Low Purchase Binary Options Brokers

Offering low purchase binary options is also an important feature that distinguishes some brokers from the others.

  • IQ Option allows traders to execute trades with just USD 1. The broker’s maximum single trade limit is USD 5,000, minimum deposit amount is USD 10, and maximum payout is up to 91%.
  • Ayrex allows a minimum trading amount of USD 1 and a maximum single trade limit of USD 5000. The minimum deposit amount is USD 10 and you can expect to make profits of up to 85%.
  • Binary allows traders to use as little as USD 1 for trading. The broker’s maximum single trade limit it USD 3000, minimum deposit amount is USD 10, and maximum payout is 85%.

Brokers Offering Free Demo Account

A free demo account means that trading is carried out with virtual money without involving any real money. This way, you can conveniently practice and gain the necessary familiarity with binary options trading risk-free.

Choose Trusted Binary Option Broker

Binary options trading is quite a sensitive industry and a lot of funds are normally at stake. Since the internet is littered with all sorts of binary options brokers, it is important that serious trading of binary options be done only with trusted and highly reputable brokers.

We surveyed various online forums and interviewed various active traders to find out some trusted binary brokers who deliver up to the promise. From the survey and the feedback we got from active traders, we can confidently affirm that some of the trusted brokers in the industry include Finpari, Opteck, Magnum Options, 24option, and IQ Option.

Tips for Choosing Binary Options Brokers

It is important to choose a binary options trading broker very carefully and with full knowledge and understanding of the outcomes of your decisions.

Here are some key tips you can use when choosing a broker for binary options trading.

  1. Trading Platform: It is very important to work with a broker who has the best trading platform. Most brokers have customized platforms but you must ascertain whether they are suited for trading binary options.
  2. Assets: The range and variety of assets a broker offers is critical. Different brokers offer different types of assets. Thus, you should choose a broker offering financial instruments that resonate well with your preferences and trading style.
  3. Minimum deposit: With a suitable initial deposit, you can conveniently test whether your preferred broker has what you were looking for.
  4. Localization: Choosing a broker operating within your locality could mean access to trading conditions that are aligned to your needs and preferences.
  5. Regulation: You should do a thorough background check to ascertain if your preferred broker is under an authentic regulatory body. Choosing an unregulated broker could land you in problems and deteriorate your career ambitions.
  6. Deposit / Withdrawal options: Traders are usually cautious about the procedures of deposit and withdrawal of money from the broker. It is important to check whether you are comfortable with the type of deposit and withdrawal options offered.
  7. Payout %: The payout percentage varies between different brokers. If you are planning to trade binary options, then it is important to check the level of payout percentage offered so that you are able to choose accordingly. There are brokers who offer payouts well above 85%.
  8. Bonus: Some brokers offer bonuses in monetary terms while others offer bonuses in percentage terms. You should check out what type of bonus a broker is offering before committing to start trading with that broker.
  9. Demo account: Practice is very important, as it will provide the familiarity and ease necessary before you commence trading. You should try out the free demo accounts provided by the binary options brokers so that you are able to choose the platform of your liking.
  10. Customer service: Go for a broker with a friendly, supportive, and outstanding customer service department.

It is important you spend the hours and search for a good binary options broker that will provide you with the best conditions for trading. Fortunately, we have done the legwork for you so that you can have an easy time selecting a top-notch broker.

With the above in-depth review, there are great chances that you will choose a superb binary options broker that will be ideally suited for you. And, it will serve as the cornerstone for establishing a successful career in the lucrative binary options market.

Tradorax Review

Summary

Tradorax has been around for more years than a majority of the binary options brokers in the market, and hence, have developed a trading platform that is targeted for mass market requirements. However, there are some pressing concerns faced by existing clients, which may require the broker to revisit its client-interaction strategy for ensuring a better trading experience.

Introduction To Our Tradorax Broker Review

Tradorax is a binary options trading company that has been an integral part of the community for many years. Since its inception, Tradorax has witnessed the frequent changes and evolution that has occurred in the industry and has also been subjected to some of these changes on its own. In the present day binary options market, investments are no longer considered to be a privilege that is enjoyed by a few. In fact, the sheer popularity of binary options market has led to an exponential rise in the number of binary options brokers operating in the market.

We give you our unbiased view into the world of Tradorax trading by discovering the different investment opportunities and trading products offered by the company. The binary options industry, as a whole, sees a larger number of scams than any genuine financial brokerages. Therefore, we make it easier for you, the trader, to investigate the different aspects of Tradorax fees, trading services, payouts, platform features, and the overall reliability of the company. We also incorporate existing testimonials and reviews of authentic clients to provide a better picture for the traders before investing.

Details About Tradorax Ownership & Regulation

It is an established fact that binary options brokers that are serious about their commitment to traders will make it a priority to obtain a regulatory license from any of the popular regulatory organisations in the world. Some of the top-end companies in the market are regulated by leading regulators such as the FCA (UK), the CySEC (Cyprus), the NFA (US), and the ASIC (Australia). Other mainstream companies that have a credible presence in the markets are also regulated by some of the lesser-known regulatory organisations, typically by those located in tax havens.

We performed a deeper investigation into the history of Tradorax regulation, and we found out that the company was regulated by the CySEC for a brief period. Regardless, Tradorax is now a non-regulated binary options broker, and we wouldn’t openly recommend trading with a company that seems to be reserved about imparting its official company information to its investors. Regardless, the company has been catering to traders from all over the world, except to traders from the US, and Tradorax has been playing a significant role in the binary options market.

Underlying Financial Instruments At Tradorax

The binary options markets became popular among the retail traders due to the simplicity of trading, and the massive number of financial assets available for trading. While a majority of binary options companies try to limit the number of tradable assets in their portfolio, in order to reduce their overhead costs, Tradorax is among the select few that willingly provides a wide range of instruments that covers the global financial markets. Tradorax clients have easy access to more than 120 assets from the usual markets such as Forex, commodities, stocks, and indices, and are at liberty to choose their financial instrument according to their diverse preferences.

List of Tradorax Assets:

Forex: EUR/USD, GBP/USD, EUR/GBP, GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, USD/CAD, USD/ZAR, USD/TRY, USD/CHF, CAD/JPY, USD/NOK, NZD/USD, AUD/JPY, USD/RUB, GBP/CAD, EUR/TRY, EUR/NOK, EUR/CAD, EUR/ZAR, AUD/CHF, EUR/AUD, GBP/AUD, NZD/CHF, AUD/NZD, CHF/JPY, GBP/CHF, CAD/CHF, USD/MXN, AUD/CAD, USD/CNY, BITCOIN/USD

Commodities: Oil, Gold, Silver, Platinum, Gold/EUR, Gold/Silver, Copper, Gold/JPY, Corn, Coffee, Sugar

Stocks: Barclays, Telefonica, Orange France, Societe General, BBVA, Gazprom, Renault, Sberbank, Tesco, Vodafone, BP, BNP Paribas, AXA, Royal Dutch, Verizon, Google, Apple, Coca-Cola, JPMorgan Chase, McDonald’s, Microsoft, Cisco, Intel, Dell, Amazon, Yahoo, Ebay, Pfizer, IBM, NIKE, EXXON, CITIGROUP, Amex, Baidu, Facebook, Netflix, Priceline, LinkedIn, Disney, GoldCorp, SilverWheaton, Goldman Sachs, Twitter, Adidas, Alibaba, Deutsche Bank, Anz, BHP Billiton, Westpac Banking, Rio Tinto, Sony, Sumitomo, Samsung, ICICI Bank, Tata Motors Ltd, Ferrari, Walmart

Indices: CAC-40 future, FTSE 100-future, South Africa future, SMI-future, S&P 500-future, DAX-30 FUture, IBEX-Future, TADAWUL, BUX, MICEX, RTS, Dow Jones 30-Future, Nasdaq 100-Future, ASX-200 Future, Nikkei 225- Future, Kospi 200, Hang Seng Future, NIFTY-Future, Bombay 30, DUBAI, Qatar Index, Kuwait Index

Tradorax does provide access to some of the most commonly traded instruments in the financial markets, but there are some slight disadvantages when it comes to the outright choice of options. For instance, the broker does not offer any pairs for trading; neither does the broker cover some of the main financial markets from Asia and Africa. Nevertheless, Tradorax should meet the average trader requirements.

Tradorax Binary Options Payouts, Fees, & Features

Trading with Tradorax requires a trader to invest a minimum of €25 or its equivalent in USD or three other local currencies. Tradorax may not be the absolute cheapest binary options broker out there in terms of the minimum investment per position, as most of the leading binary options brokers offer the option to trade from $1. The maximum investment per binary option, on the contrary, is set at €1,500. $1,500 is indeed the average maximum investment offered by most brokers as per industry norms, with only a select few brokers offering an option to invest more than $1,500. Of course, there are brokers that can provide the option of investing up to $15,000 per position, but such a high initial investment is incredibly risky, particularly for larger traders.

Traders may be confused by the broker’s slight typo on its FAQ page that specifies a maximum investment threshold of €15,000. We can confirm that the maximum investment per position is indeed €1,500, and traders are free to open multiple positions, provided the maximum exposure does not cross €2000. Regardless, the Tradorax payouts for investments may vary from 70% to 85%, depending on the underlying instrument. We have to presume that the broker has avoided taking any risks by creating a binary options product portfolio that is capable of matching the payouts and ROI set by the majority of binary options trading companies.

Tradorax clients have the option of exiting trades prematurely at a smaller profit or loss, provided they satisfy the broker’s terms and conditions. Traders can modify a position after 3 minutes opening a position and at least 5 minutes before the option expiry time. Therefore, short-term positions cannot be modified, and traders will need to choose higher time frames to be able to modify their positions according to their market analysis.

Tradorax Trading Software

The Tradorax trading platform is a customised version of the TechFinancials trading platform and offers a reliable trading interface to invest in binary options, as well as FX/CFD products. The TechFinancials platform is a rather popular trading interface, which is adopted by a number of financial brokerages that deal in binary options trading. The Tradorax version of the platform does not skip out any features. Instead, it offers the same tried and tested formulae that are comfortable for all levels of traders. The choice of both binary options and FX/CFD trading in a single trading platform is indeed a unique aspect of the TechFinancials platform, which provides an additional incentive for traders to diversify their investment strategies.

The Tradorax platform, owing to its TechFinancials origins, is based on a web-trading interface that can be accessed through almost all popular browsers in the market. Traders don’t have to download any software for trading, aside from some support files that are required for audible notifications. The fully online trading platform is indeed a great feature since traders can access their accounts on any device without having to go through the trouble of downloading and installing the trading interface on individual systems. Most of the online binary options brokerages support a web-trader interface, with only a few of them opting for a dedicated installable platform.

Tradorax Mobile Apps

Mobile traders expect their brokers to offer a wide range of mobile apps and access points for accessing their accounts, which is why most companies offer dedicated binary trading apps for iOS and Android operating systems. Tradorax, on the contrary, has only provided a dedicated Tradorax app for the Android OS. iOS users, unfortunately, have to be content with the TechFinancials platform that can be accessed through the web browser. Despite the fact that the Tradorax web trading interface works seamlessly on all types of devices, Tradorax should ensure that both Android and iOS users get access to the best mobile trading platforms.

Tradorax Account Options & Funding

Tradorax has specified a minimum deposit of €250 or 250 units of local currency in USD, GBP, and 20,000 JPY. Tradorax wouldn’t risk specifying any higher deposit requirements, as most companies are aware of the consequences of stipulating higher investment capital for a trading account. Some brokers have even gone to the lengths of specifying a $1 minimum investment for a trading account, which may be far more suitable for smaller retail traders. However, in the case of a Tradorax account, traders will need to invest anything larger than €250 to account for the higher minimum investment per position of €25.

Tradorax supports numerous popular funding methods such as Visa, MasterCard, Neteller, Skrill, CashU, WebMoney, QIWI, and Wire transfers. Therefore, customers do benefit from the varied choice of payment options, but the minimum withdrawal is set to €100, along with a limitation to 1 free withdrawal per month. There are also some obvious concerns regarding the company’s antics when it comes to withdrawals, as several traders have reported the company to dishonour its clients’ withdrawal requests with no apparent reason. We have seen several complaints from existing clients, and such problems are mainly due to a lack of regulatory oversight. Regulation indeed plays a vital role in ensuring problem-free withdrawals, but the absence of regulatory licenses does indeed worry potential investors while trading with Tradorax.

Tradorax Bonuses

Tradorax has one of the highest bonus programs in the market, which offers up to 200% in bonuses, along with free, risk-free trades. Gold and VIP traders can enjoy one and two risk-free trades per month, while other account holders will have to be content with the bonuses available for their initial deposits. As an added bonus, VIP traders can also receive unlimited trading signals, which can help in their trading quests.

Tradorax Demo Accounts

Tradorax does not offer a demo account unless traders are willing to make an initial deposit. Although a considerable number of binary options brokers follow this strategy, a majority of them honour their traders’ withdrawals without any conditions. On the other hand, there are some known issues with Tradorax withdrawals, and it may not be suitable for traders to invest their trading capital with Tradorax for a demo account. The entire concept of a demo account revolves around the trading opportunity offered to traders without making any investment, but it is up to the broker to decide whether they provide the option of a demo account or not.

Contacting The Tradorax Customer Service Channel

Contacting the Tradorax customer department in itself is an easy task, as the broker provides numerous customer interaction channels such as live chat, Skype chat, email, web contact form, and direct phone numbers to the UK, Sweden, Norway, Denmark, South Africa, Hong Kong, and Singapore. Immaterial of the diverse customer support channels, there are still concerns over the approach of the broker towards its existing clients, as the customer service department has been known to block users from accessing the support departments. New traders do get the best in customer service experience, but we only consider a broker to be committed to their customer interaction channels if they are able to meet the demands of their existing clients.

Tradorax Training Resources

The VIP account offers the most comprehensive collection of training resources, followed by the Gold account. The Mini and Silver accounts are primarily basic account choices that do not provide any extensive trader education, but the Gold and VIP account has several VIP benefits such as enhanced personal broker access, in-depth training lessons, and increased profits or payouts. Regardless, all traders get access to the basic education center, and the trading signals package is made available to all traders, except for the Mini account holders.

Tradorax Verdict

  • Tradorax covers all major financial markets, and offers around 120 different underlying assets.
  • Payouts are provided as per the industry standards.
  • A high bonus offering for larger traders.
  • Robust trading platform that offers excellent online trading access.
  • Varied funding methods.

CONs

  • Not regulated, and there are some serious concerns over withdrawals.
  • No dedicated mobile app for iOS users.
  • Tradorax does not offer a free demo account for its clients.
  • Customer service department does not provide a reliable user experience.

What Is The Minimum Deposit Requirement For A Tradorax Account?

All traders should deposit a minimum of €250, $250, £250, or 20,000 JPY for a Tradorax binary options account. The minimum withdrawal is 100 units of base currency.

Is The Tradorax Platform Reliable?

Yes, Tradorax uses the TechFinancials trading platform, which offers excellent usability for traders through a web browser. Tradorax supports mobile trading through Android apps, but iOS and other mobile users will have to access their accounts via the online browser interface.

What Are The Payouts?

The maximum payout for high/low binary options is 80%, but the payouts may fluctuate between 70% and 85%. Other binary options such as touch and boundary options should qualify for higher payouts of up to 250%.

Is Tradorax Regulated?

Tradorax is not a regulated company, and the company has not provided any information about its official headquarters and country of regulation.

Broker ExpertOption

Broker rating

ExpertOption – another broker among the young companies, offering binary options trading services. The company is registered in 2020 in Great Britain, but there is still no information whether it will get the British FCA license or not this year. But the license of Russian regulator CROFR was issued long ago and is still active.

Partially the product is similar to those that the young brokers have, that were registered 1-2 years ago:

  • emphasis on the trading platform and its features, functionality (ExpertOption has proprietary trading platform with high execution speed);
  • a fairly broad set of classic options and assets;
  • low threshold for entrance into trade with the aim of attracting potential clients.

Advantages of trading conditions of ExpertOption:

  • free demo account (part of functions are limited, access to statistics is denied);
  • profitability up to 95% from the transaction;
  • more than 180 of available assets;
  • minimum deposit – 10 USD (or 500 RUR), minimum stake – 1 USD.

There is a tutorial block of trading recommendations for the beginners. For real traders ExpertOption offers 5 types of accounts depending on the deposit. Minimum deposit (in rubles) is 500 RUR, maximum 200 000 RUR.

Variants of options are rather limited from ExpertOption: so far only the classic quick options with the expiration time from 1 to 3 minutes are available for the investor. Soon the long-term options (24 hours and 1 week) should appear.

The main feature of deals from ExpertOption is that the broker provides, in some cases, a refund of 30-50% of the investment in case of wrong prediction, whereas other brokers in most cases do not return the money, calling it a loss of the investor. However, 30% are returned when with Silver status, 50% with Vip status.

Piculiarities of ExpertOption trading platform:

  • easy visualization of trade: the graphs in the form of American bars, Japanese candlesticks, linear method;
  • it is possible to put three popular indicators: moving averages, Bollinger bands, alligator;
  • convenient interface and changeable number of Windows (for example, it is possible to work with 4 independent options).

After you tried the free demo account, where 1000 points are offered for the experiment, we offer to try your forces on real trading. Quotes for any asset are displayed in ExpertOption trading platform in real time if the real account is opened (the quotes provider is Claws&Horns). To register: enter contact information, confirm email address, add fungs at “Finances” section. Depending on the Deposit amount a trader can be assigned various status that determines the amount of bonuses offered by the broker.

  • Important: the bonuses provided by ExpertOption, must be worked out in consequence. Therefore, we strongly recommend that before you accept the bonus, contact the Manager and clarify what it will require in the future.

Trading platform has the function of copying the trading (social trading). Although it is difficult to surprise, however, each terminal has its approach to this function. How to manage the service “Social trading”:

  • choose trades on the sidebar whose transactions are showing the highest yield;
  • track transactions for multiple traders;
  • copy their trades.

Remember that the speed in making a decision is important in short-term trades! And the trade copied from the successful trader with a delay of 30 seconds on the contrary could be wrong.

Replenishment is possible via a popular e-wallets, and Bank cards of international payment systems. Deposit currency is US dollar and Russian ruble. Withdrawal of funds is carried out within 3 days. For verification data a passport scan and scan of the card on which money can be withdrawn can be required.

To sum up: ExpertOption is gaining its weight in the market of binary options. Some of the benefits of the broker are obvious: the minimum rates, small deposit, expedited withdrawals. However, in order to feel the real difference of ExpertOption from other brokers, you need to try to work with him. We are sure that you will certainly find something interesting in it.

ExpertOption – reliable broker for good income!

Best Binary Options Signals Review: Is it Scam?

Best Binary Options Signals Review: Is it Scam?

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Last Updated: Sep 1, 2020 @ 11:44 am

Well, when folks bump into this binary options service hosted on this domain, Best-binary-options-signals.com, the first question which they ask is whether it’s a legitimate signal provider or not.

We will answer that question in this review as we analyze the various aspects of this service. But first, it’s important to know that this signal provider is offering free signals and at the same time offering a premium plan which is to be paid for at the end of every 30 days.

Their free signal service is basically meant to lure in traders to subscribe to their paid signal service which the website says has more value than the free service.

So, is Best Binary Options Signals worth signing up for? Can you increase your efficiency in trading Binary options by simply following and implementing their signals.?

Best Binary Options Signals Review

Now that it is quite obvious that Best Binary Options Signals is a signal provider, we should go into details right away to let you know how it is like to use their signal service.

Let’s start with the free signal service. It’s meant for people who want to try out their service for free. But you generally have to wait longer in order for signals to show up. Besides, the website claims that free signals are not as accurate as paid ones.

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So, is there a possibility that the free signals are randomly generated while paid ones are carefully selected by expert market analysts? We are being tempted to think that Best Binary Options Signals is basically displaying random signals on their site, and it works in mysterious ways. Here’s how it often goes:

A traders comes to the website and tries to follow at least 5 signals. If the signals win most trades by chance, this trader will be prompted to sign up for the premium signals plan which costs £55 per month.

When they sign up for the premium signals service, they will be getting into a contract that is renewed on a monthly basis. If the trader forgets or fails to cancel their membership (in the event that they want to opt out), a month’s fee will be charged for that particular month anyway.

Generally, the free plan is a time waster because it keeps you waiting for a long time before new signals can show up. We believe that this can be a hectic way of trading Binary Options especially if you’re used to automated trading robots that save you from unnecessary screen time.

What is the average win rate and is it consistent?

The website is very open with their average win rate. They say that their win rate is 63.04%. In November 9th 2020 for instance, they said that they sent out 138 forecasts and that out of these, 81 signals made money while the rest, 51 lost money.

This win rate is not the best you can have in the industry right now. With cutting edge trading robots on sale today, there is no way you should find this service desirable because that win rate is just above the break even mark.

If it was consistent, it would take you a long time to make a significant amount of money. In addition to this, you cannot put what you cannot afford to lose at stake. If you did this, you’d be raising your risk profile for huge, quick profits. That would backfire on your account because we are talking of signals that hit the green, 63% of the time.

Generally, we would not advice readers to sign up with Best Binary Options Signals because of the low win rate.

How many signals can you receive per day?

Their free signals service is a little bit restrictive. There are only 5 trade-able assets to work with. But on the other hand, their paid service issues signals across a broad spectrum of assets. This can be up to 15 different trading assets.

This should not be a problem for you if you’re not into fast paced trading which often leads to over-trading and ultimately account blow.

But if you’re the kind of person who is always looking to jump into the next trade, you might find the free plan quite restrictive because one has to wait for a count down timer for a signal to come along. To remove this count down timer, Best Binary Options Signals is asking traders to upgrade to their premium plan which will then unlock over 100 plus signals per day.

What we think about Best Binary Options Signals website in general

When you go through this website, the first thing you will see are signals waiting to show up or signals that have already been traded.

In other words, this website also shows us history of their signals. However, there is no performance record to show how their past signals performed.

We are not sure if Best Binary Options Signals is trading these signals or just sending them to users after analyzing the market. We do believe that professional market analysts are traders themselves. This means that before they can even think of sending the signals, they should be thinking of entering a trade based on a specific entry point which have figured out on the chart.

One might think that we are asking too much when we say that Best Binary Options Signals does not have trade history.

We are not. If these people are real expert traders, they should keep a clean record of whatever they have been doing for the past one month or so.

Nevertheless, we can also see that this question is being camouflaged by the fact that they are offering free signals for your testing. That means you should test their free service on a demo account and if you’re pleased, you can upgrade. The question is, what is so difficult about providing daily trade records that can be verified? Isn’t this the ultimate test of transparency that every signal provider should embrace in order to convince traders that their signals work?

Before we forget, Best Binary Options Signals is also offering a trial plan for £15. This expires after 2 days and is non-refundable in case you fail to take advantage of the signals.

Best Binary Options Signals states in their fine print that if you subscribe on a weekend for the trial plan, this will not be counted, and yet money shall be deducted with no refund later on. We feel that this is a little bit unprofessional.

Best Binary Options Signals confesses that their signals are meant for illustrative purposes only

If you read the fine print at the footer of the site, you will see a notice saying that information on this site is meant for education purposes only. Again, this service needs you to have some knowledge on how to trade Binary options. If you have never traded before or are not proficient in analyzing charts, it is not for you.

In other words, Best Binary Options Signals is just looking to provide clues on how entry and exits which will cost you £55.

Our best advice for you

If you already know how to trade, we don’t see the need to sign up because you know where to enter and exit your trades when the right patterns form. If you don’t know how to trade, then we suggest that you pick a trading software/signal service here.

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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