RBinary Broker Review
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Established in 2014, Rbinary is a binary options trading platform that is based in the Marshall Islands. As part of our review process of all binary options brokers in the industry, we will undertake an investigation and have a closer look at this broker and see what they have to offer to their traders.
Online since: 2014
Max Returns: 90%
Minimum Deposit: $250
Minimum Investment: $10
Maximum Investment: $1000
Currencies: USD, EUR, GBP, AUD, CAD
Countries: All but US, Israel, Japan, Koreas, Pakistan
– Very user friendly platform
– Reputable customer service
– No Max bonus amount
– Excellent Demo account
– Many account levels to choose from
– No USA clients accepted
Binary Minery Rating:
RBinary Special features
Having taken a look at their website, we noticed there is some detailed information about the types of trading accounts they are offering to their traders. Some of the pages are still in development, as this is quite a new broker. In our view, this is not a red flag that and should be considered as a part of a natural process. As the broker has been around since 2014, there are still some details that the broker is working on.
From our research, we managed to find out that the broker offers their traders a choice of 5 different types of trading accounts.
- Standard Trading Account
Designed for Beginner Traders
Min Deposit of $250
- Silver Trading Account
For Traders who wants more than what a standard trading account can offer
$1,000 Min Deposit
20% Welcome Bonus
Additional 1% returns on Investment
Daily Market Reviews
- Gold Trading Account
Designed for experienced traders
Min Deposit $5000
Additional 2% returns on investment
Daily Market Reviews
Advanced trading lessons
- Platinum Trading Account
For professional level traders
$20,000 minimum deposit
3% to 4% additional returns
Daily Market Reviews
Advanced trading lessons
- VIP Trading Account
For Top End level traders
$50,000 min deposit
5% Additional Returns
Unlimited Trading strategies guidance
We noted that the minimum deposit requirements are considerably low for the standard account, and logically increase through other account types. It is rather unusual that the minimum trade amount can increase up to 5 times that of the standard account.
It is also interesting for the traders to use the option of receiving feedback on their trades. This is something that is not offered by many brokers out there. The standard thing would be to offer some kind of educational support or even one-to-one meetings, but individual feedback is a step ahead in providing better services for traders.
RBinary Trading software
The trading platform that has been adopted by Rbinary is the Tradologic powered trading platform. After the white-labelled SpotOption trading platform, the Tradologic platform is probably the second most popular binary options trading platforms around. Codenamed “Binarix”, the platform lets you trade the markets in 5 different ways. You can choose from classic High/Low options, One Touch options, Range options, Hyper or Social Trading. One negative this that we noted that long term expiry times are not available for the majority of the assets that are available for trading. As such, we are unable to really ascertain if the long term expiry is a feature that is actually integrated onto the trading platform or just a mere marketing ploy on the part of Rbinary.
Nevertheless, the user interface is well-designed, making the website navigation easy. The trading platform loads fast and it also comes with various tools such as “Close”, “Extend”, “Double” and “Re-strike”. Overall, the platform performs as it should.
The social trading ability of the trading platform is a nice touch and it is also quite a new feature that is in the process of improving. However, it is a great novelty that is worth trying out for both novice and experienced traders.
RBinary Support information
You can access the customer support services at Rbinary email, live chat or the telephone. Overall, the response time is quite good and all your questions are handled in a polite and friendly manner. The good part about their customer support is the fact that they also support Arabic and Russian which is good for traders from the Middle East and Russia. They are still working to make support available in Asian languages, too. For those who prefer to find answers to the questions independently, there is a FAQ section available providing information related to the most common questions/concerns that the broker’s clients have been facing.
RBinary Banking Info
As for funding methods supported by Rbinary, there are as many aas 5 ways to fund your trading account at Rbinary. Currently, Rbinary only supports VISA, MasterCard, Skrill, Neteller and Bank wire transfer.
Your withdrawal, on the other hand, can be done using your credit/debit cards and bank wire transfer. There is no withdrawal limits imposed by Rbinary and according to their FAQ, it will take 3 business days for a withdrawal request to be processed.
RBinary Company Info
Established in 2014, Rbinary is owned and managed by a Marshall Islands incorporated holding company. Their corporate postal address is listed as Ajeltake road, Ajeltake Island,Majuro,Marshall Islands MH96960. At the moment of writing, no other information is provided or available about them.
As a result of our investigation, most of the questions were answered. Through the platform FAQ, customer support and traders’ review we found out many things about this young broker. Despite some things are still being in the process of development, it seems to us that broker is providing satisfactory service and if it has some things to improve on, they are quite minor. Therefore, we believe that Rbinary is a decent broker for binary options trading.
Customer Service: Live Chat / Email: support@firstname.lastname@example.org
Languages: English, German, Russian, Arabic
Trading Options: High / Low, 60seconds, Long Term, Touch Options, Range Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 2min, 15 min, 30 min, 1 hr, 24h, End of Day, End of Week, End of Month
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Diners Club, JCB, Maestro, Cartebleue, Discover Card, Liberty Reserve
Withdrawal Time: 2 days
Demo account: Upon request
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