Binary Online Review
BinaryOnline is a new binary options broker that is owned and operated by Zola LTD who is based in Bulgaria. Operations began in 2016 and this broker uses the newest Spot Option trading platform with all features. Investors can trade in
- 60 second
- Long term
- One touch
- Forex and CFD
- and more
One distinctive feature is called TradeReplica where you can follow successful traders and make the same trades.
BinaryOnline also offers an extensive collection of educational material to help you learn binary option trading strategies. They also have a mobile app so you can trade on your mobile device.
BinaryOnline is not yet licensed or regulated.
BinaryOnline Deposit Terms & Conditions
The minimum deposit amount at 10Markets is $250. There are many ways an investor can deposit once they have created an account.
Deposit methods include wire transfers, credit or debit cards and a wide variety of ewallet methods.
Before you can withdraw your profits from BinaryOnline, you will be required to submit certain documents to abide by anti-money laundering regulations. I suggest you do so immediately upon depositing so you will not have a delay with withdrawing your winnings.
Documents required are:
A copy of your government issued photo identification.
A copy of a recent utility bill showing your name and address.
And if a credit card is used to deposit, a copy with all but the last four numbers blacked out.
This is done to protect your money as well as BinaryOnline.
BinaryOnline Bonus Terms & Conditions
BinaryOnline does offer various bonuses but there are trading volume requirements you must meet to withdraw bonus monies or any profits made while the bonus is active.
At BinaryOnline, you are required to trade a volume of 30 times the bonus amount before you can withdraw.
If you receive a $100 bonus, you would have to trade a volume of $3,000 or more before you could request a withdrawal.
Keep this in mind before accepting any bonuses.
BinaryOnline Withdrawal Terms & Conditions
As long as you have sent in compliance documents, BinaryOnline processes withdrawals within 3 days back to the same method used to deposit.
The minimum withdrawals are:
- Bank transfer – $250
- Credit card or ewallet – $100
There are withdrawal processing fees. They are:
- Bank transfer – $50
- Credit card and ewallets – $25
I also see that BinaryOnline states that you need to have at least $200 in turnover before requesting a withdrawal or you will be charged 10%.