Published on August 8th, 2016 | by TBOR
0BullBinary Review
Summary: BullBinary is CySEC licensed and regulated broker. High recommended to new binary options traders!
5
BullBinary entered into the binary options industry in 2013 and their headquarter is located in Cyprus. The CySEC regulated broker operates under a company called the Spot Capital Markets Ltd and holds a license number (210/13). Currently, they are not accepting traders that live in North America. They support 6 types of currencies for all levels of trading accounts they offer.
What Is BullBinary?
BullBinary is a web based binary options broker brought into light by Spot Capital Markets Ltd. This new broker system is creating a buzz for its work effectiveness and unique features. They are a broker system coming from the house of a reputable firm and working almost all over the world. Working on the popular “SpotOption” trading platform, BullBinary makes trades available for more than a hundred and eighty assets. The trading options are also in abundance including long term options, one minute options, high or low pairs, trading in stocks, currencies and much more.
Bull binary has expanded its trading scope as it is integrated with the ZuluTrade. It is important to note here that ZuluTrade is one of the largest social trading networks. So once the account has been created with BullBinary, traders can easily connect with Zulu and start trading yourself or let it do the auto trading for you.
Legitimacy Of BullBinary
The best and most authentic way to check if any broker is authentic or not, is to check its compliance with trading authoritative bodies! BullBinary is owned by Spot Capital Markets Ltd. which is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission). So just as the parent company, BullBinary is also licensed and regulated by the same body i.e. CySEC. BullBinary falls under the European Union Members and follows all their financial rules and regulations.
Demo Account & Trial Bonus
With Bullbinary, investor gets a trial bonus of $25 to start off with it and see for themselves if the broker system works as per their liking or not. Though they do not offer any demo account, but the trial $25 bonus is a good option for investors to try out and see the effectiveness of broker for themselves. The amount earned from this trial investment (which is not from investor’s own pocket) can only be withdrawn though if the traders are able to make trades thirty times of the amount invested.
Types of Trading Accounts
BullBinary offers 5 types of accounts including Micro, Standard, Silver, Gold and VIP. Micro account is suitable for newbie traders with a low budget as it only require a minimum deposit of $100. If you open a Micro account, you will have access to more than 80 assets and the maximum payout rate you get is 82%.
Standard account has a $250 minimum deposit requirement. Traders who choose to sign up for the Standard account will get access to two webinar sessions, receive a Level 1 trading report, and 1-on-1 trading session. The Standard account offers a larger asset selection of more than one hundred and twenty assets. The maximum payout you enjoy for a regular option is up to 85%.
Silver account is for traders that are planning to invest more than $1000. Silver account offers benefits such as 4 webinars, level 2 report, web tour, and 140+ assets selection.
Gold account is suitable for traders interested in making a deposit of at least $5,000. If you have a Gold account, there is no limit as to how many webinars you want to attend. Customers of the Gold account will get a free Level 3 report, and choose from 160+ assets.
VIP account is for professional traders who want to fund their accounts with at least $10,000. VIP account members can receive an unlimited amount of trading reports and choose from more than 180 assets. The maximum payout rate for Standard, Silver, Gold and VIP accounts is up to 85%. If you refer a friend, they will credit a bonus of $50 into your trading account.
BullBinary Customer Support
BullBinary offers 24/5 multilingual customer support via email contact form and telephone. However, they are not offering any live chat support on general queries for customers at the moment. The website layout support 9 types of languages including English, Italian, Chinese, Magyar, and Polski.
Other Important Aspects
- BullBinary is highly compatible with mobile devices. Investors can invest and make trades even if they are out travelling or attending any event. With the help of BullBinary apps, this all has been made possible.
- Investors will have to provide a few documents (e.g. photo I.D, credit card copy and address proof) before they are allowed to withdraw the amount they yielded for themselves through BullBinary.
- Minimum deposit with BullBinary is $100, with minimum trade can be made over a $1 to lower the risk possibilities, if any.
- Working on SpotOption platform, BullBinary can yield returns with a success rate of as high as 85 percent which can vary a bit under different conditions.
Bull Cash Gift
BullBinary rewards clients that can achieve specific trading volume targets with cash amounts without any limitations. Steps to follow:
- Fund your account with any of the amount of the above table.
- Achieve the trading volume numbers.
- Receive the Bull Cash gift of the offer.
Our Recommendation
Looking at the working processes and being a legally licensed and regulated broker, we can say that BullBinary is not a scam but a real deal that actually works effectively. With them being highly regulated, there is always a protection against any scam of any sort. So investors won’t have to worry about it being a fraud because it is completely legit and works impressively. The success rates which they claim to get are also achievable as they work on an proven platform in integration with one of the largest social trading platforms. With huge trading options, assets and expert traders, the chances of risks are significantly reduced and investors can feel their money in the safe ends which would yield profitable results. We recommend BullBinary to all investors!
