Review Archives: Non-Regulated Broker

StockPair is a very interesting Binary Options broker (and not only). Founded in 2009 and thus an established broker, StockPair takes a different approach to Binary Options trading than the other brokers. It’s fresh approach that really changes they way we look at binary Options Trading. The platform they use is totally propritary and included several patents. As you will understand reading this review, the platform is very different in a positive way. StockPair is one of the better brokers around for several reasons. They payout are reasonably high and the minimum deposit is also fairly low at $200 (average range $100-500). Also StockPair is incorporated in Cyprus which are one of the few jurisdictions with some basic regulation of Binary Options.

Market Diversity

The range of underlying assets is huge. Of course StockPair is heavily weighted towards stocks, but feature all the major currencies, indices and commodities. Most brokers add assets over time so StockPair will probably feature more assets from for example currencies as time goes by. The amount of stocks on offer is staggering and really dwarfs the other asset groups. As usual the lowest number of assets is in the commodities group which is common for Binary Options brokers. The mix of assets is also very good with a assets from North America, Europe and Asia. The big emphasis is on North American and European assets. From Asia only Australian assets are available, nothing from Japan or China.

Reliability

Since this is an established broker with an battle tested platform, the reliability is excellent. We have had no problems during our test of this platform or broker. Everything runs smooth which is an prerequisite for professional traders. Of course you will have that slight delay between order placement and confirmation and it’s present on all trading platforms. We have found that the Chrome browser works best with these web based trading platforms.

Charting

Charting is excellent and in a way better than the other platforms. Of course we are talking in relative terms because all Binary Options brokers have lousy charts, but StockPair is showing the way of the future. The chart on the trade page is small and we are used to this by now.

However, if you click on the link where it says Technical Analysis a much larger chart come up where there are some indicators plotted ready for use. The indicators are:

- Bollinger Bands
- SMA (Simple Moving Average)
- Resistance Level 1 & Support Level 1
- RSI (Relative Strength Index)

These indicators very common among traders and can actually be used to make your own trading strategy. It not the scope of this review to go into this but it comes to show that with some simple tools a lot can be done. The Technical Analysis chart looks like this:

All-in-all StockPair give you a little more than the average Binary Options broker out there.

User Friendliness

The reason we like StockPair so much is the User Friendliness of the trading interface. As opposed to other brokers which have fixed intervals between each new option, StockPair instead leaves it up to you to decide when you want to place your order. This makes it much more intuitive for the user. For example, all other brokers will have an fixed time for expiry and a new option would come up say every 15 min. So you have to adapt your trading strategy to suit the broker. With StockPair on the other hand YOU set the lockout period and and thus decide when the option will expire. If you want it to expire 12:07 that’s what is going to be. Of course there are some negatives, for example StockOption doesn’t offer a free demo account. Only if you deposit money first they will let you practice on a special account. At least this is better than many other brokers, but a totally free demo account would be better. Otherwise deposit and withdrawal seems to work as usual with plenty of options available.

Support

As far as we have been able to test support is excellent. This is usually the case with established brokers like StockPair. The staff seem well educated and answers most questions without hesitation. The Live Chat is preferable as it is quick to get an answer. Use phone or email for more serious issues.The only let down here is that the traditional eBook is missing. Otherwise there are some sort of training with a video as well.

General Information

• Headquarters: Limassol, Cyprus  (for exact location see map below)
• Founded: 2009
• Domicile: Cyprus
• Minimum Deposit: $200
• Minimum Transaction: $25
• Maximum Transaction: $5000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 110
• Max In-The-Money Return: 87%
• Max Out-Of-The-Money Return: 0%
• Lock-Out Period Duration: from 5 minutes
• Option Frequency: Anytime you like
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Japanese Yen, or the Euro
• Account Funding: Visa, MasterCard, Dinners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Liberty Reserve, MoneyBookers, Money Gram, Wire Transfer
• Accepts Clients From: All nationalities
• Demo Account: , with deposit only
• Deposit Bonus: , up to 30%
• Regulated:

ZoneOptions is a relatively new player as they were incorporated in 2011. Interesting enough they are using the TechFinancials platform, which is quite rare these days. For being so new the website looks mature and stand out in comparison to many other brokers. They payouts are good at 85% and inline with other brokers using the same platform. It’s also better than most other brokers hoovering in the 70-80% area. The minimum deposit is $250 which is in the mid area where $100-500 is normal. ZoneOptions is incorporated in Cyprus, a EU member, and their headquarters are there as well. So there is probably some oversight but don’t get your hopes up high, because there is no regulation. You can also trade Boundary options (Range) and 60s options with ZoneOptions.

Market Diversity

ZoneOptions do not offer the most extensive range of assets. At 55 they are on the lower half when it comes to market diversity. Other brokers using the same platform also have about the same number of assets so it is perhaps more due to the platform than the broker. Are they going to add more assets in the near future? Probably, but right now they are on the low side. The main deficiency is in the area of commodities. For those of you that like trading commodities this might not be the best broker. One good thing is that they cover US, European as well as Asian assets. Forex is well represented with all the major currency pairs.

Reliability

Since ZoneOptions are using the TechFinancials trading platform the reliability is very high. Other brokers using this platform have been around for a long time, which shows how strong this platform is. If you have ever traded you will notice that there is a delay between the entry of the order and the order confirmation. This is normal because it usually takes a few seconds for the server to respond and send you the confirmation. I recommend you use a browser exclusively for trading without any add ons or extensions. They can significantly slow down the browser and thus the trading and lead to missed opportunities.

Charting

Charting is fairly good. If you have had a look at all the other broker charting, you will understand that is the bare minimum that the brokers are supplying their customers. Some don’t even offer a chart history feature, but ZoneOptions do. If you click on the left arrow in the top right corner of the chart you will be provided with more price history. Very basic but can be used for pin pointing trades for example. Preferably you should use a free charting service in addition to the broker charts to get the most out of your trading. Professional trader would never ever based their trades on such charts.

ZoneOptions Chart

User Friendliness

On great feature with the TechFinancials platform is the ability to filter the assets. Trading just a few select assets that you know extremely well is always a good idea whatever you are trading. With the favorites function you can set the assets you want to trade so that you focus on what you know the best. There is also latest news from Yahoo on almost all assets so that you can be informed on the spot without having to leave the trading interface. Can be very useful especially if you are a news trader. ZoneOptions also offers a demo account but unfortunately you have to open and deposit funds first before they give you access to the demo account. That kind of defeats the purpose of the demo account but it’s sure better than none. Deposit and withdrawal is easy as with most brokers with lots of choices.

Support

ZoneOptions support is good, at least when we tried it out. Best is the live chat, fast and accurate replies as well. Try phone and email if you need support at strange hourse of the day since the live chat will be closed. The trading library is not bad with a free ebook that can be downloaded and studied at peace in your home. A video series of tutorial is sorely lacking but then again very few binary options brokers do offer this.

General Information

• Headquarters: Nicosia, Cyprus (for exact location see map below)
• Founded: 2011
• Domicile: Cyprus
• Minimum Deposit: $250
• Minimum Transaction: $25
• Maximum Transaction: $2000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 55
• Max In-The-Money Return: 85%
• Max Out-Of-The-Money Return: 15%
• Lock-Out Period Duration: 6-10 minutes
• Option Frequency: Every 15 minutes
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Euro
• Account Funding: Visa, Mastercard + 10 more Credit Card types, MoneyBookers, Bank Wire, Liberty Reserve
• Accepts Clients From: All nationalities, except US residents
• Demo Account:  (with $250 deposit only)
• Deposit Bonus: , percentage on deposit + first trade risk free
• Regulated: 

Founded in August of 2011, TradeRush is beginning to look like a mature Binary Options broker. Like many other brokers they have their headquarters in Cyprus (EU member country), which means that there is a tiny amount of oversight, although nothing serious. Using the SpotOption platform makes this broker competitive with at least 85 different assets and a maximum payout of 81%. That’s slightly better than the average SpotOption broker at 75%. The minimum deposit is $200, which is in the lower half, and the minimum transaction is only $5 making it suitable for beginners. However, they do not feature a demo account which is unfortunate since most novices will have a strong need for practicing their skills first. TradeRush takes full advantage of the SpotOption platform by offering 60 sec options and OptionPro (MetaCharts) as well. Not all SpotOption brokers do this. Continue reading below to get all the info you need.

Market Diversity

SpotOption brokers usually offer a decent amount of underlying assets and TradeRush is no different with 85 assets to their name. This makes them one of the brokers with the most assets on offer. There is also a very healthy mix of assets meaning they don’t come from just Europe and the US, but also from Asia and the Middle East. Basically TradeRush caters to everyone, wherever they might live and trade from. There are even some interesting commodities available like cotton if you would like to trade some of the more obscure assets. Forex is fairly well represented with all the majors and the usual minors.

Reliability

We cannot seems to find any fault at all with TradeRush and their platform. Reliability in our opinion is top notch. The SpotOption platform in general seems to be very stable and mature so we fully expect TradeRush to follow this track record. Be aware that there always is a delay between the order entry and confirmation. This is normal and happen even on trading platforms for professional traders. Use a dedicated browser for all trading due to the nature of these web based platforms.

Charting

Charting on the SpotOption platform is not bad but not the best either. In reality all Binary options Brokers have inferior charting. TradeRush do offer OptionPro (MetaCharts) which gives the user the ability to see price on a much bigger chart than usual. There are also some ways to configure the price history but it is really too basic. If you are serious about trading Binary Options you need to use better charts preferably from a free charting service which nowadays are available with good quality chart way beyond what any Binary options Broker can offer.

TradeRush Charts

User Friendliness

The user friendliness could be better with some kind of filtering or favorites feature. These are limitations of the SpotOption platform and it would be great if they could correct them. Especially with as many assets as TradeRush, some kind of favorites function would help. Most pro traders only trade a few assets, perhaps just one or two and focus on them. There is very little difference though between the brokers and platforms. Perhaps the biggest drawback with TradeRush is the lack of a demo account. Since Binary Options is something new, many beginners have a strong need for a demo account to be able to learn how this trading instrument work in reality. Everything must be learned from the beginning and it always takes time to master a new thing, Binary Options are no different. Depositing and withdrawal looks easy as with all brokers we have tried. There is plenty of options including lesser known Liberty Reserve.

Support

We tried a few different ways to communicate with TradeRush and they always answered promptly. We refer Live Chat because it is easy and fast, but email is fine too. If you prefer telephone that is available as well. The answers we got to our questions were quick and thoroughly answered, even when we had some less common ones. From an educational standpoint we can recommend the ebook that TradeRush provides. However, TradeRush could do better with a video training program as well.

General Information

• Headquarters: Limassol, Cyprus (for exact location see map below)
• Founded: 2011
• Domicile: Cyprus (EU member)
• Minimum Deposit: $200
• Minimum Transaction: $5
• Maximum Transaction: $2500
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 85
• Max In-The-Money Return: 81%
• Max Out-Of-The-Money Return: 15%
• Lock-Out Period Duration: from 3 minutes
• Option Frequency: Every 15 minutes
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Japanese Yen, Euro
• Account Funding: Visa, MasterCard, American Express, Diners Club, Maestro debit cards, JCB, Wire Transfer, MoneyBookers, Liberty Reserves
• Accepts Clients From: All nationalities
• Demo Account:
• Deposit Bonus: , up to 100%
• Regulated: , some regulation through EU

Opteck is not the obvious choice among Binary Options brokers. Don’t let that fool you because Opteck do offer some interesting features as they use the MarketPulse platform. They were founded in 2011 and they are incorporated in London, UK, which means that there is at least some oversight, although they are not regulated by FSA. They offer quite high payout of 85%, which of course is good. The higher the payout the higher the probability that you will end up with a profit at the end of a string of trades. Most brokers offer 65-80% payout only. They also offer up to 15% pay out on Binary Options that expire Out-Of-The-Money, not bad at all. Unfortunately they don’t have the widest range of underlying assets. The minimum deposit is $200, which is average in this industry. As far as we know a demo account is not available.

Market Diversity

One of Opteck weaknesses is the limit range of underlying assets. With only 40 assets they don’t offer much choice to the traders. It might sound much but in reality you cannot trade all at the same time since all are not available with the same expiry time. Also the stocks come from both Europe and USA and they won’t be available at the same time for a long time. A broker really need to offer some 60-70 underlying assets for it to be enough selection to trade conveniently. Interesting is their offer of Commodities where they put forth such unusual assets like Coffee and Corn. These are not the easiest to trade but could be interesting for some. Another deficit in the market diversity is the lack of assets from Asia. The only thing these traders can invest in is Forex and there are only 6 assets in the Currency asset group.

Reliability

The MarketPulse platform looks to be stable and as far as we have been able to control, reliability seems to be very high. All trades were entered without any problems and executed according to plan. There is of course the typical delay between order entry and confirmation, but it’s normal. A few times a slow internet connection can make a trade entry to be rejected if it was put in during a fast market. Use a dedicated browser for the best trading experience.

Charting

The charting is a little bit different from the others. The charts are quite large in comparison to other brokers. Some brokers have so called MetaCharts, which are a bigger version with history. Here you get the big charts as the normal ones, that’s very good. There is also quite a lot of history, but unfortunately there is now way of requesting more, which is a pity since they have put work into making the chart large and easily readable. Another feature of the charts is the ‘Put’ and ‘Call’ buttons integrated in the charts. For some traders I am certain it is more intuitive this way and can no doubt help their trading efforts. Now if you want better charts than this I recommend using a free chart service.

User Friendliness

Apart from the charts that offer some extra user friendliness, there is not much else to celebrate. However, since the number of assets are so few it doesn’t really matter that there are no filtering or favorites function. The difference is not so large between the brokers anyway. Opteck do not offer a demo account, which is sad because most novices do need to start with a demo account. Beginners have to practice their skills and their strategy of choice to have a chance of making a profit at the end of the day. Withdrawal and deposit is easy as with most brokers. They offer the usual options like Wire Transfer, Credit/Debit Cards and MoneyBookers (Skrill), which is more than enough for most traders.

Support

Support is good at least at the times we have been in contact with Opteck. Both Live Chat and email works well and the response time is very short. Of course you can also reach them by phone, especially if you live in UK it will be easy. Opteck have various tools for their customers to increase their knowledge, for example an eBook. This is great because even some older Binary Options brokers don’t have this. The only thing that is missing is a video series helping out those who prefer visual learning aids.

General Information

• Headquarters: London, UK (for exact location see map below)
• Founded: 2011
• Domicile: London, UK
• Minimum Deposit: $200
• Minimum Transaction: $25
• Maximum Transaction: $500
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 40
• Max In-The-Money Return: 85%
• Max Out-Of-The-Money Return: 15%
• Lock-Out Period Duration: 5-15 minutes
• Option Frequency: Every 5 minutes (select assets)
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Japanese Yen, Euro
• Account Funding: Credit/Debit Card (Visa, Master Card, Amex,Diners), International wire transfer, Western Union, cashU & Moneybookers
• Accepts Clients From: All nationalities
• Demo Account:
• Deposit Bonus: , 15-35%
• Regulated: 

This Binary Options broker has been around since 2010 and are made up of a team of former traders. CitiTrader uses the SpotOption platform, which has extensively used for many years. Thus it works well and in general the trading platform is mature. CitiTrader offers payouts slightly higher than the average SpotOption broker, with payouts reaching as high as 80%. That’s great in comparison to the vast majority of Binary Options Brokers out there. In addition the Out-Of-The-Money payout is 10%, that’s not bad at all, since lot of brokers don’t even have offer this on all their assets even though they might say so in their marketing material. Another major advantage with CitiTrader is that they are incorporated in a EU country, which means that at least there are some oversight. The minimum deposit is $300, which is what most brokers demand this days. One of CitiTraders’ aces is the free demo account. Unusual, but CitiTrader offers it without any strings attached. All in all, this makes CitiTrader one of the best brokers you can choose.

Market Diversity

As with most brokers, CitiTrader is adding new underlying assets on a regular basis. At the moment they offer one of the widest selections of assets in the industry. With 90 different assets they are among the top three brokers when it comes to number of underlying assets. More assets means more choice and in this way everyone can trade the asset that suits him or her the most. Trading an asset that you know and like is always a good idea. Confidence in supremely important in trading and can make or break any trader. CitiTrader also a fine mixture of Stocks from all major regions – Asia, Europe and North America are well represented. All the major currency pairs are also included and some interesting minors like the Egyptian Pound and the Russian Ruble. Forex has become a staple for many traders since it can be traded 24 hours a day. It doesn’t matter where you live, currencies can always be traded.

Reliability

CitiTrader uses the tried and tested SpotOption platform, which inspires confidence. Until now we have not experienced any problems with this platform, neither with other brokers using this platform nor with CitiTrader. If you are experiencing problems it is most likely down to either your internet connection or your browser. These platform run JavaScript and can sometimes be heavy on the browser if you have many add-on installed. Sometimes it’s better to run a dedicated browser for trading only.

Charting

As with all Binary Options brokers, charting is weak. The normal charts are small and difficult to use for trading. Perhaps one could use them for getting the timing right, but in general they are weak. However, that has to do with the SpotOption platform and really nothing with CitiTrader. There are a better solution called MetaCharts (CitiMeta), which gives more history and a larger chart. That certainly helps and few other brokers offer this solution. On most other platform you cannot increase the size of the charts, which is really not user friendly at all.

CitiTrader Chart

User Friendliness

Although the CitiTrader team is trying really hard to offer the latest technology, the SpotOption platform sometimes do them few favors. For those traders focused on just a few assets, there’s no way of adding them as favorites. Pro traders usually stick just to a couple of underlying assets, so a favorites or filter function would be nice. CitiTrader are generous enough to offer a demo account, which is rare among Binary Options brokers nowadays. Traders also do not have to deposit funds first and then access their demo account as with some others – just request a demo account and that’s it. No questions asked. Depositing and withdrawing funds is very simple, CitiTrader offers plenty of ways to fund your account, whether you prefer Credit Card, CashU, MoneyBookers or a plain and simple Wire Transfer.

Support

CitiTrader offers both phone, email and Live Chat support. I prefer Live Chat since you get immediate response. A few seconds and you have got an answer. The only thing that is missing is really a tutorial or an ebook explaining more in depth how Binary Options work. The FAQ is very good but an ebook is always better. In addition an educational video series would also be a very nice complement. Some beginners simply learn better by watching and therefore a video series would cater to those who prefer video instead of text.

General Information

• Headquarters: Scottsdale, AZ, USA (for exact location see map below)
• Founded: 2010
• Domicile: Bulgaria (EU member)
• Minimum Deposit: $250
• Minimum Transaction: $5
• Maximum Transaction: $3000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 90
• Max In-The-Money Return: 75%
• Max Out-Of-The-Money Return: 10%
• Lock-Out Period Duration: from 2 minutes
• Option Frequency: Every 15 minutes
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Japanese Yen, Euro, CAD, Indian Rupies
• Account Funding: Visa, MasterCard, Dinners Club, Maestro International,  JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Liberty Reserve, MoneyBookers, Money Gram, Wire Transfer
• Accepts Clients From: All nationalities
• Demo Account:
• Deposit Bonus: , up to 150%
• Regulated: , some regulation through EU

OptionXP is another Binary Options broker with headquarters in Cyprus. They were founded in 2010 and is a mature broker by Binary Options standards. OptionXP is a sister company to OptionBit, being part of the same company. Cyprus as a domicile is relatively good since at least CySEC is aware of their existence although they don’t regulate them. OptionXP is using the Tradologic trading platform, a fairly common platform among Binary Option brokers. The payout at 81% is good, but not the best. As all the other brokers using the same trading platform, Boundary, aka Range, Binary Options are also available. If you have a strategy that can forecast low or high volatility, these options could be very interesting and profitable to trade. The minimum deposit is $100, which is as low as its gets in this industry, and with a $10 minimum transaction amount, it could be interesting for novices who don’t want to or can’t invest more capital. They say they offer a demo account but we have not been able to verify that due to support problems. Read more below to get the scoop on this broker.

Market Diversity

OptionXP is not the broker with the most underlying assets, on the contrary. It’s one of the brokers with the fewest. OptionXP has as few as 35 underlying assets to offer it’s clients, that’s less than half of some Binary Options brokers out there. If you have an asset that you have some experience trading, say from previous trading of Stocks, then it might not actually be available to you. Such an important company as IBM is not part of the asset index of OptionXP. So even if you have traded very common stocks, they might not be offered to you. One asset not available on other platforms it the Bund Bond, a German bond heavily traded as a Future in Europe. The assets are entirely from Europe and North America which is very limiting indeed. What about traders from Asia or the Middle East? Shouldn’t they have access to their common assets? We all want to trade assets we are familiar with and that goes for all people from all regions. At least OptionXP has put currencies on their range of assets. Since these can be traded 24 hours a day, it gives good opportunities to traders from other regions as well, so at least some relief there.

Reliability

Tradologic is a mature and reliable platform. OptionXP has been around since 2010 so all the niggles that might appear in the beginning are worked out by now. We haven’t experienced any performance or other problems with this broker. There is of course the normal delay between order entry and confirmation. We recommend you use a dedicated browser for trading due to performance issues.

Charting

The platform used by OptionXP is not the best in terms of charting. Sure they have about the same charts as other competing brokers, but the is no way to make the charts bigger. You can’t even request more historical price data, which is fundamental to the understanding of the price trend. Price might exhibit a downtrend on the charts shown, but in reality is might be in an uptrend. So how are you going to make a correct prediction about price direction when you are looking at partial data? We have need for a restricted trading interface that makes us no favors. On the contrary, we need the broker to make it easier for us traders to make correct decisions. If you can, use a free charting service, especially with this broker.

OptionXP Chart

User Friendliness

The user friendliness of the trading interface is good enough. It’s easy to understand how it works and the broker shows with pictures how to enter and order after you have formed your opinion about price direction. There could be some sort of filtering function to help out more sophisticated traders managing their favorite assets, bit there isn’t. Anyway, the asset list is so small that it might not be that big a problem. A demo account is available, at least so they claim. If you are completely new to trading this is the way to go. Trading needs practice to achieve success, in that respect it’s not different from anything else. Deposit and withdrawal is easy with multiple ways to handle you banking needs. Even Western Union can be used for depositing.

Support

On the website of OptionXP all kinds of ways to communicate with them is at hand. The bad part is that they don’t work that well. Neither email nor Live Chat was working when we tried to get in touch with OptionXP. Perhaps it was just a fluke, but when you have tried a few times it shows that something is not right here. We don’t know what’s going on, perhaps it’s just that they have too little personnel in the support department. Not a good experience.

General Information

• Headquarters: Nicosia, Cyprus (for exact location see map below)
• Founded: 2011
• Domicile: Cyprus
• Minimum Deposit: $100
• Minimum Transaction: $10
• Maximum Transaction: $1000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 35
• Max In-The-Money Return: 81%
• Max Out-Of-The-Money Return: 10%
• Lock-Out Period Duration: 5 minutes
• Option Frequency: Every 30 minutes
• Early Closure: 
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Euro
• Account Funding: Credit Card, MoneyBookers (Skrill) or Wire Transfer
• Accepts Clients From: All nationalities, except Cyprus, Nigeria, Bulgaria and Israel
• Demo Account:
• Deposit Bonus: , 30% up to $1500
• Regulated: 

OptionBit was founded in 2010 in Cyprus. Since Cyprus is a EU member, OptionBit have some slight oversight by CySEC. That doesn’t mean they are a regulated broker, just that CySEC keep an eye on them, nothing else. OptionBit makes use of the Tradologic platform, which is perhaps not the most common but still frequently used. The payout is in line with brokers using the same platform, i.e 81%. That’s neither bad nor particularly good. The better the payout the more money end up in your pockets instead of the brokers. One thing that might make OptionBit attractive is the Boundary or Range Binary options they make available, not all brokers have them. The minimum deposit is $100, which is as low as its gets in the Binary Options Industry. They claim they offer a demo account, but we have not been able to confirm that. The support is below average and that’s disappointing for a broker that has been around longer than most other brokers. Read all the review below to get the inside story on OptionBit.

Market Diversity

One common denominator for the majority of brokers using the Tradologic platform is the limited selection of underlying assets. Most other brokers have gone to great lengths to add new assets in order to cater to as many aspiring traders as possible, but not OptionBit. With the small selection of 35 assets, some traders with special interests and desires will be left out. Even if you don’t know when you start trading what assets will suit your trading style the best, a wide range of assets will not limit you. Perhaps OptionBit doesn’t have an asset that would be the perfect companion to your strategy. You will then lose out on a fantastic opportunity to make money. One unique asset OptionBit offers is the Bund Bond, a German bond heavily traded on the EUREX exchange. It has a lot of liquidity and thus a fine underlying asset for Binary Options trading.  Since the assets are so limited, they regions they cover is also limited. There is not a single asset from Asia or Middle East. OptionBit at least offer Forex so it is not entirely bad, but on the other hand so do every other Binary Options broker on the planet.

Reliability

We can find no fault with OptionBit or the Tradologic trading platform from a reliability point of view. It has been well tested by other brokers and from what we have seen trouble free. There is the unavoidable delay in order confirmation, which is a part of all trading platforms including professional. We recommend you use a browser that is dedicated to trading. Chrome seems to work very well.

Charting

OptionBit does not offer the best charting to their customers. Since the charts are the only way we have to make a decision about the direction of the trend, limiting the charts features in not very smart if you care about your customers. Other brokers usually have some more information to give the trader. Some provides extra history, others a larger chart – not vastly different but still something. OptionBit has nothing else than these tiny charts. Anyone have been trading for a while know how difficult it can be at times to make a profit. We don’t need extra hurdles to success. The broker should help all of us become better traders by supplying better tools. If you decide to use OptionBit as your broker, then try to take advantage of free charts that you can easily find on the web.

OptionBit Chart

User Friendliness

The OptionBit user interface is fairly easy to work with, nothing fancy though. It’s simple and intuitive. Sometimes though simplicity can be too good a thing to have when it comes to design of a trading interface. More tools is better, except of course when it makes the user interface cluttered and difficult to navigate. That’s not the case here. As a trader I want to see a favorite function where I can quickly access my preferable assets, the assets that I have lots of experience trading and know how to make money from. Sometimes entry signals can come from many assets at the same time and I want to be able to trade them all, to squeeze out that last ounce of profit. OptionBit offers a demo account but that is still unconfirmed due to support issues. Depositing and withdrawal is easy as pie with many different ways of both depositing and withdrawing, even Western Union is available.

Support

On their website, there are several ways of getting support, or so we thought. The Live Chat crashes when you want to send a message. We tried several times a different times of the day and couldn’t get it to work. Email has been disappointing as well. No answer there either. This might have changed recently so if you have decided for OptionBit, please check first. OptionBit do have a eCourse that you can access if you have registered for an account. Otherwise the trading library is lacking a video series to complement it.

General Information

• Headquarters: Nicosia, Cyprus (for exact location see map below)
• Founded: 2010
• Domicile: Cyprus
• Minimum Deposit: $100
• Minimum Transaction: $10
• Maximum Transaction: $1000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 35
• Max In-The-Money Return: 81%
• Max Out-Of-The-Money Return: 10%
• Lock-Out Period Duration: 5 minutes
• Option Frequency: Every 30 minutes
• Early Closure: 
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Euro
• Account Funding: Credit Card, MoneyBookers (Skrill) or Wire Transfer
• Accepts Clients From: All nationalities, except Cyprus, Nigeria, Bulgaria and Israel
• Demo Account:
• Deposit Bonus: , 20%-40%
• Regulated: 

iOption was founded in 2010 and you immediately get the impression that this Binary Options broker has been offering its services for some time. Their interpretation of the SpotOption trading platform is also quite unique and well advanced. iOption will give you a maximum payout of 81%, which is not bad but not among the best. Other brokers on the same platform have higher payouts. Then again some also have lower payouts. They also feature a high Out-Of-The-Money payout of 15%, which is good. iOption is incorporated in Cyprus, an EU member, and thus under some minor oversight by CySEC. The minimum deposit is $200, which is about average, but quite low to allow for beginners to make a jump into Binary Options Trading. iOption do not have a free demo account, but a sort of training account in which you have to deposit €150. If you lose that money it will be return to you. This broker do not accept US, UK or French traders. For more info on iOption and the advantages and disadvantages of this broker, read on.

Market Diversity

iOption is now offering a fairly wide selection of underlying assets. At the moment we can count 81 different assets, which is among the top brokers in number of assets. Very few have more underlying assets than iOption. Most of the assets are of course Stocks, because these are easiest to add and plentiful around the globe. There’s also lot of Indices from several different regions. Forex is also well represented, mostly by major currency pairs. Commodities has as usual the least number of assets, but there are some surprises here, not many have Coffee and Wheat on their asset list. So wherever you are located, there seems to be something for everyone at iOption. Currencies are of course a staple due to the fact that they can be traded almost 6 days a week and around the clock, although low liquidity in some time zones might not create the ideal conditions for successful trading.

Reliability

As mentioned previously, iOption makes use of the SpotOption platform. This platform is tried and tested and reliability is strong. The fact that iOption has been around for some years shows and interface is nicely done. However, that certainly doesn’t mean it offer the trader better tools. The tools are in fact exactly the same as other brokers using the SpotOption platform. The reliability is very good and we have never experienced any problems with this broker.

Charting

Charting with iOption is average. Now, the difference between the brokers and the platforms is not huge, some are slightly better, some worse. The normal charts are fixed, there’s nothing you can do with these. To makes things worse, iOption don’t provide MetaCharts, which most SpotOption brokers offers. That’s odd because this feature has been around for some time now. Since iOption is new a new broker by any means, why haven’t they added this feature since it helps traders make better trades? Use a free charting service instead to determine the direction of price as you have more access to price data and other indicators as well.

iOption Chart

User Friendliness

When it comes to User Friendliness iOption has something to learn from the other brokers. You cannot filter the assets and assign favorites. For pro traders this is important because it will help trading to run along much smoother and faster. The best is to learn just a few assets, focus on these and profit from your knowledge. Ademo account as such is not available, but you can get something similar called a Training Account. You have to deposit €150, but whatever you loose will be returned. Surely there some terms that applies to such an account and they are probably not favorable – ask iOption exactly what is demanded. Deposit and withdrawal is easy as with most brokers with lots of choices, including MoneyBookers (Skrill).

Support

As iOption is not exactly a new broker, support works pretty well. Sometimes we have experienced delays in the communication with iOption, but on the whole it works. Live Chat can also have its waiting time and a times support has disappeared from the chat altogether. I assume that they have lots of inquires and support suffers a bit. The support staff seems knowledgeable though. The trading library is well equipped with both an ebook, video series and a knowledge base. So for beginners there’s lot of information to go through and learn. iOption has one of the best trading libraries of all Binary Options brokers.

General Information

• Headquarters: Nicosia, Cyprus (for exact location see map below)
• Founded: 2010
• Domicile: Cyprus
• Minimum Deposit: $200
• Minimum Transaction: $10
• Maximum Transaction: $1500
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 81
• Max In-The-Money Return: 81%
• Max Out-Of-The-Money Return: 15%
• Lock-Out Period Duration: 5 minutes
• Option Frequency: Every 15 minutes
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Japanese Yen, Euro
• Account Funding: MoneyBookers, Cash U, E-wallet, Credit Cards, Debit Cards and Wire Transfer.
• Accepts Clients From: All nationalities, except US, UK and France
• Demo Account:  (special training account with €150 deposit only)
• Deposit Bonus: , 20-40%
• Regulated: 

EZTrader has been offering Binary Options since 2008, which makes the one of the oldest, if not the oldest. They are incorporated in Cyprus, an EU country. There is some oversight by CySEC, but don’t expect anything major. The platform is unique as well, totally proprietary for EZTrader. As far as I know no one uses this platform except EZTrader. We will go more into this platform below, it suffices to say now that it has certain advantages and disadvantages. Maximum payout is 95%, which is very high in comparison to other brokers and I would say that this is probably the biggest advantage. They claim max 95% but we can inform you that this is true for very few underlying assets, most hover around 70-80%. Higher payout is better because you have a better chance to end up with a profit after a few trades. You also get a 10% return on Binary Options that expire Out-Of-The-Money, which certainly helps any aspiring trader. Minimum deposit is $200, which is quite low. One disadvantage is the lack of a demo account. For more insight into EZTrader, read the full review below.

Market Diversity

EZTrader have a very decent range of underlying assets, especially Stocks are plentiful. With 81 different assets everyone has something to choose from. Whatever your preference you will find it. Only commodities are underrepresented in comparison to other underlying assets with only 5 assets. Most other brokers though don’t offer more than this though. The currencies are not either as many as you might expect, basically just the majors. Not that important because you want to trade assets with lots of liquidity, so minor currency pairs are not the first choice anyway. All regions are also represented, North America, Europe and Asia. Good for traders located in other regions than North America. European and Asian traders actually have an advantage, because they can trade in the evening assets that are in a later time zone. Asian traders for example can trade European Stocks and Indices and Forex as well with advantage.

Reliability

As EZTrader has been around since 2008, reliability is very good. As we have tried out the platform we haven’t experienced any problems. EZTrader are adding new features every now and then. Recently they added Sell Options. However, we haven’t had any issues with these new features. Use a dedicated broser for trading only since hte rich trading interfaces take a lot of resources from the browser. Add-ons slow things down considerably.

Charting

Charting is not bad on the EZTrader platform, but definitely not the best. You can access price history and make some minor changes to the way price is displayed. See the image below:

What you can’t do is request a larger chart. The chart, as you can see it tiny, probably the smallest of any platforms, verging on the ridiculous. It’s too small in our opinion to be of any use. The data displayed is also heavily filtered and looks like they have added some smoothing as well although that cannot be confirmed. How on earth can someone actually trade from these charts? Notice also the note below the chart: “Chart for reference only”. At least they admit they are crap.

User Friendliness

EZTrader divides their assets into several asset classes, which helps a little to organize that many assets. 81 assets are a lot to manage and some kind of favorites would definitely help. However, there isn’t any such function, which can make it a daunting task for a trader to control. The charts as I mention above doesn’t help either – bigger charts would be much better. EZTrader don’t offer a demo account, which is problematic for most traders especially beginners. All Forex brokers offer a demo account, why don’t Binary Options brokers do the same? I am sure they have a reason for this. Withdrawing and depositing is easy with EZTrader. The choices for depositing is not as many as some others but should be enough for most of us. PayPal is of course missing.

Support

Support staff is very knowledgable and the time for an answer is decent. They seems to be much busier than other broker. They prioritize customers so if you are not a customer it might take time to get an answer, a few minutes is not uncommon in the Live Chat. The educational part of EZTrader leaves a lot to be wished for. Only the most basic stuff is covered, which is very surprising for such an old Binary Options broker. Apparently they are working on an ebook and video series. We will look into that when they arrive, but for now they don’t exist.

General Information

• Headquarters: Nicosia, Cyprus (for exact location see map below)
• Founded: 2008
• Domicile: Cyprus
• Minimum Deposit: $200
• Minimum Transaction: $30
• Maximum Transaction: $3000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 81
• Max In-The-Money Return: 95%
• Max Out-Of-The-Money Return: 10%
• Lock-Out Period Duration: 5 minutes
• Option Frequency: Every 30 minutes
• Early Closure:
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, British Pound, Euro
• Account Funding: Visa, MasterCard, Amex, MoneyBookers, Wire Transfer
• Accepts Clients From: All nationalities (US traders can trade Stocks only)
• Demo Account:
• Deposit Bonus: , up to 30%
• Regulated: 

Ebinaires was founded in 2011 and has become part of the growing array of new brokers launched almost every week. They have their headquarters in London, but they do not disclose where the company is incorporated. That’s a strange, I mean what are they trying to hide? This kind of secrecy helps none of us. Ebinaires are using the Tradologic trading platform, which is becoming more and more common. It’s a proven platform although it’s not the best. They maximum payout is fairly good at 81%, but it could of course be better. I have never seen a broker on Tradologic with any other payouts, so this seems to be the standard. They also offer Range or Boundary Binary Options, which are not that common. However some other features are missing. The minimum deposit is $100, which is as low as it gets among Binary Options Brokers. They claim they have demo accounts available but I haven’t been able to find any reference on their website nor have any of my efforts to get through to support been successful. This broker do not accept US clients. Read more below to get all the info on this broker.

Market Diversity

One disadvantage with Ebinaires is the very limited range of underlying assets on offer. With just 35 underlying assets, Ebinaires are not even close when it comes to offering choice to their customers. One of the more important issues when choosing a broker is market diversity. We all have different desires and preferences and the broker should have available as many underlying assets as possible. You might want to trade European Stocks, but a trader in Asia might prefer Asian indices. Interestingly, they do have a lot of underlying assets for US traders, but they don’t accept US clients. There’s quite a lot for our European friends as well, but nothing at all for traders from the Middle East or Asia. Of course currencies can be traded by all at almost any time of the day. But even then, with just 35 underlying assets, it’s a little disappointing.

Reliability

The Tradologic trading platform is mature and we have never experienced any problems, so we can without a doubt conclude that reliability is good. At least as good as other brokers. Selecting assets and entering orders is easy, no problems there. The best is if you can use a dedicated browser for a smoother trading experience. These platforms are heavy on JavaScript and can bog down a browser with many add-ons.

Charting

Another weakness of Ebinaires is the rudimentary charting. The Tradologic platform doesn’t have many alternatives when it comes to charting. You cannot increase the size of the charts, zoom in or out nor request more price data. The charts that Binary Options brokers provide are bad as they are, why make it even more difficult? The only way we have to base our predictions of price on is the charts that the broker give us. The more limitations the more difficult it will be to make a proper forecast. Of course, Binary Options are relatively new so I guess we will see improvements in this area, but s it is now, Ebinaires is lagging behind other brokers. I definitely recommend you take a look at the free charting alternatives out there. The better the data you have the better decision and predictions you will make. Great predictions means profits and more cash in your account.

Ebinaires Chart

User Friendliness

The user interface of the Ebinaires trading platform is easy and intuitive to use. Unfortunately on this platform you cannot save the underlying assets you trade the most. A hallmark of a pro trader is the limitation on assets traded. Focus on a few and learn these well. Trading is not easy as price data is chaotic, so focusing on just a few assets makes sense. We haven’t been able to confirm they have a demo account due to the horrible support. Deposit and withdrawal seems to be easy as with al Binary Options brokers. They offer plenty of alternatives, including Western Union. The site in general seems unfinished. If you click on links here and there you will find that some pages are empty and others go to pages where they shouldn’t.

Support

Ebinaires support is the worst we have encountered. Actually they don’t even answer. Neither email nor Live Chat. Actually Live Chat crashes on us and is totally useless. What do you do with a broker without support? Totally unacceptable. There is a link on the website for an ebook but it is empty, not very good.

General Information

• Headquarters: London, UK (for exact location see map below)
• Founded: 2011
• Domicile: Not Known
• Minimum Deposit: $100
• Minimum Transaction: $10
• Maximum Transaction: $1000
• Markets: Forex, Stocks, Indices, Commodities
• Number of Assets: 35
• Max In-The-Money Return: 81%
• Max Out-Of-The-Money Return: 10%
• Lock-Out Period Duration: 5 minutes
• Option Frequency: Every 30 minutes
• Early Closure: 
• Roll Over:
• High/Low Binary Options:
• One Touch Binary Options:
• Boundary Binary Options:
• Binary Options Builder:
• Sell Options:
• Long Term Binary Options:
• 60 Second Trades:
• Metacharts:
• Option +:
• Deposit Currency: US Dollar, Euro
• Account Funding: Credit Card or Wire Transfer
• Accepts Clients From: All nationalities, except US
• Demo Account:
• Deposit Bonus: , 20%-40%
• Regulated: