Binary BrokerZ Review

UPDATE (12.01.2017):

We have found out that BinaryBrokerZ is closed.

We recommend choosing one of our top binary option brokers instead:

Min. Deposit	Max. Returns
$200	91%
$10	92%
$250	89%
$250	90%
		All brokers >>

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Brokerz is among the fastest growing binary options brokers’ in the world, with a user friendly trading platform that should appeal both to the newbie and the advanced trader. Digging through the website, we came across a comprehensive trading glossary and an excellent selection of tutorial videos that explain the nitty-gritty of the market. The customer support was prompt and helpful, while the high quality mobile interface should please traders on the go.

Basic information:

Online since: 2014
Jurisdiction: Cypros
Software: TradeSoft
Max Returns: 92%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $2000
Currencies: USD, AUD, CAD, EUR, GBP, RUB
Mobile: Yes
Countries: All but US

Pros:

– It’s a very user friendly website
– It offers a large variety of account levels
– Very fair bonus trading requirements
– Professional looking trading platform
– Has social trading features
– Demo account is available

Cons:

– Customer Service can improve by answering questions other than just technical questions
– The FAQ section needs to be improved

Binary Minery Rating:

45 stars

Types of Accounts

Keeping in mind the needs of different trader, Binary Brokerz has designed 4 distinct types of accounts.

Basic Account

Ideal for the newcomer to the market, the low initial deposit ensures that you can make the transition from paper to live trading without risking too much of your hard earned capital.

Min Deposit – $250
Max Deposit – $999
Opening Bonus – 35%
Access to Demo account
Daily Market Reviews
5 Tutorial Videos

Silver Account

Intermediate traders need a more personal experience, and the silver account, with its dedicated personal junior broker, should cater to their needs.

Min Deposit – $1000
Max Deposit – $2499
Opening Bonus – 45%
Access to Demo account
Daily Market Reviews
Dedicated Personal Junior Broker
5% Risk Free Rate
10 Advanced Tutorial Videos

Gold Account

By far the most popular, Gold Account has a very attractive 65% welcome bonus. Also available is a $15000 demo account which means that the more advanced traders can design and test their trading systems to optimize their performance.

Most Popular Account Type
Min Deposit – $2500
Max Deposit – $9999
Opening Bonus – 65%
Access to Demo account
Daily Market Reviews
Dedicated Personal Senior Broker
10% Risk Free Rate
20 Advanced Tutorial Videos

Platinum Account

With unmatched customer support, early access to market shifting news and a bonus rate that’s among the highest on offer, the key features of Platinum Account are listed below:

Min Deposit – $10,000
Max Deposit – $24,999
Opening Bonus – 85%
Dedicated Personal Chief Broker
Private call to clients before high impact announcements
Access to Demo account
Daily Market Reviews
10% Risk Free Rate
50 Premier Tutorial Videos

Screenshot

Trading Platform

Binary Brokerz uses the latest Tradesoft platform. Easy to use, the standout feature is the fact that it enables trading with almost every possible type of binary contract, including High/Low options, Tunnel trade, One Touch options, Boundary options, Long Term expiries and Option on demand. The availability of such a wide gamut of instruments will obviously give traders a much greater degree of freedom to customize their trades, expiry times and risk levels. The aptly named “Risk O-meter” is one such tool to control risk by adjusting the payout to underlying market conditions. For example, if the payout is set at 80% when the risk is 100%, a trader can lower his risk to 70% by opting for a 60% payout.

Another innovative highlight is the introduction of social trading. Essentially, with this tool, clients can follow profitable traders and mimic their trades to boost their results.

Bonus

One of the key swing factors while zeroing in on a binary options broker is the rate of bonus on offer. In this regard, Binary Brokerz is among the best in the industry, with amazing promotional deals, which should draw even the most experienced of traders. Another key benefit for traders is the presence of a risk free rate that makes sure that irrespective of the trade performance, he or she stands to retain something from every bet.

As such, traders seeking big bonuses should look no further and opt for Binary Brokerz. Add to that is the fact that Brokerz provides some of the best payouts that reach up to 93% on the traditional Call/Put options, and up to a mind boggling 400% on the more exotic instruments. For beginner traders who seek risk-free screen experience before taking the plunge into real time trading, the special demo trade pack, loaded with $1,000, should be the ideal learning kit.

Trade Types

High/Low: Another name for the conventional Call/Put option, they have a payout of 85%. Traders can profit by simply forecasting the direction of the underlying asset’s price.

60 Seconds: Ideally suited for the ultra short-term traders, these contracts have an expiry time of 60 seconds, with the payout set at 85%.

Range Options: In case of range options, traders decide if the underlying asset’s expiry price will end up within or outside a preset price range.

One Touch Options: These options enable the trader to forecast if the expiration price will be above or below the asset’s current market price. Expiries can range from the short term to up to a week, with returns as high as 380%.

StrategiX: A combination of range and touch options, it gives traders the option to choose from four predictive levels. Payouts depend on the type of underlying asset and the current market price, and are usually decided by the broker.

Deposits and Withdrawals

Deposits

Binary Brokerz extends diverse avenues for traders and investors to deposit money in to their trading accounts or binary option robots. Besides bank wires, popular Debit/Credit cards like MasterCard, Maestro, Visa, Visa Electron, and American Express are all accepted. Another convenient method is to transfer money using electronic payment providers viz Neteller, Skrill, iDeal, CashU and WebMoney. The minimum acceptable deposit is $250, while the minimum tradable position is $25.

Withdrawals

Two main withdrawal methods are available at Binary Brokerz – wire transfers and Debit/Credit cards. Withdrawals through Debit/Credit cards do not carry any charge. Any withdrawal via bank wire route attracts a onetime fee of $25. Withdrawals take between 2 and 5 business days to process. Additionally, withdrawals are subject to verifying personal identity/physical address by submitting standard documents.

Traders should note that they cannot withdraw their accumulated bonuses unless their trading volume equals 30 times the bonus figure.

Customer Support

Customer service at Binary Brokerz is available 24/7. Irrespective of the time zone you are in, in case of any query or need for support, you can get in touch with the multi-lingual support staff via phone, email or live chat. Keeping in mind the needs of traders from around the globe, 4 localized phone numbers have been provided for 4 financial trading hubs. Customer support, available in English, German, Dutch and Arabic, is prompt and precise, leading to a seamless trading experience.

Additional information

Customer Service: Email: support@binarybrokerz.com
Languages: English
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Option Builder, Touch Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 2min, 5min, 15 min, 1 hr, 24h, 24 hr+
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, CashU, Maestro, Visa Electron, WebMoney, Neteller
Withdrawal Time: 2-5 days
Demo account: Yes