Editor’s Verdict
Overview
Review
Headquarters | New Zealand |
|---|---|
Regulators | FSPR |
Year Established | 2013 |
Execution Type(s) | Binary Options |
Minimum Deposit | $500 |
Trading Platform(s) | Proprietary platform |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
BinaryTilt was incorporated in New Zealand in 2013 and offers traders a wide choice of trade types, unique trading tools and a huge range of underlying assets. The BinaryTilt platform was set up by a group of professionals from the financial and internet industries and provides professional level charting to binary options traders to ensure all trades are executed accurately. The BinaryTilt team includes personnel experienced in derivatives, forex, risk management, compliance, payment processing and international law & legislation.
BinaryTilt is owned and operated by Chemmi Holdings Limited located in London, UK. It won the award for Best New Regulated Broker in 2015. It is regulated as a Financial Services Provider on the New Zealand Financial Services Providers’ Register (FSPR).
Accounts
BinaryTilt offers 6 different trading accounts.
Account Types
The Basic account can be opened with a minimum deposit of only $500; there are no extra benefits. Classic accounts require a $1000 deposit and entitle the trader to a few signals sent for one week as well as a personal broker. No cash backs are provided for either of the above accounts.
$5000 will open a Premium account where traders are entitled to additional signals sent over a month; a deposit of $10,000 opens a Gold account with even more signals sent over a period of 3 months. There is also an additional payout of 1% in this account.
Anyone depositing $20,000 into a Platinum account receives signals for a full year as well as an extra 2% payout. A minimum of $50,000 is required to open a Privilege account which offers a lifetime of signals, instant withdrawals and an additional 3% payout.
The demo account offered by BinaryTilt is one of the most advanced and realistic virtual trading platforms in the industry and is specifically designed to simulate trading on a real account. The demo accounts have all the features, assets and tools as the real binary options trading platform, only that the funds are virtual.
Muslim clients at BinaryTilt can open an interest-free/swap account with no interest charged on any open positions, irrespective of the period of the trade from entry to expiration. There are no hidden charges or fees.
Features
BinaryTilt offers trading in a range of Currencies, Commodities, Indices or Stocks with a variety of different assets within each category. The binary options offered are High/Low, One Touch, Range High/Low and Option on Demand, Pairs, Ladders, Forex and 60 Seconds.
There are several special platform features. The interactive display allows traders to see additional information regarding a specific bit of data simply by moving the computer mouse.
With candlesticks, traders are able to receive a broader view of their chosen asset’s price status. Candlesticks come in two colors: Red ones indicate that the price declined within a specified time period, while green ones indicate that the price climbed within a particular time period.
Traders can also benefit from using the strategy advisor, which essentially provides either a Call or a Put prediction based on one of the three following types of calculations: RSI, Moving Average or Bollinger Bands.
The Option Builder allows traders to fully customize their own option by selecting the asset, investment and expiry, and also their own risk/profit ratio, i.e. customizing the percentage of the stake that will be returned in the case of a losing trade. The advantage of the Option Builder is that it allows the trader to vary his/her trading style from low risk to high risk with complete control of your risk/profit ratio.
Education
The education center at BinaryTilt provides articles on many different topics related to trading and binary options. They also offer a free eBook and a wide variety of training videos on several different topics including Market Analysis, Options Strategies, Social Trading, Signals, Trading Central and more.
Education Center
Traders have access to Bloomberg TV, daily fundamental and technical analysis and an economic calendar with up-to-the-minute listings of economic events taking place throughout the world.
The BinaryTilt website is available in close to 20 different languages.
Bonuses/Promotions
The Refer-your-friend promotion is the only promotion offered to traders. Any friend who successfully deposits a minimum of $500 entitles the trader’s account to be credited with 10% of their initial deposit – up to $100. In addition, there is an extra bonus: If 10 friends open accounts and deposit a minimum of $500 each an extra $500 is deposited in the account.
The only other bonus available at the time of this review was a match bonus on initial account deposits going as high as 100% in the Privilege account.
Deposits/Withdrawals
Deposit methods include credit cards such as Visa, Mastercard and JCB. Deposits can also be made as wire transfers and through e wallets such as Netteller, Skrill/Moneybookers, Giro Pay, CashU. They are one of the few brokers to accept PayPal.
Withdrawals are manually processed by the staff at BinaryTilt. Once processed, the money can take between 1 and 10 days to be deposited into an account. The period taken for the money to reflect in an account depends on the trader’s geographical location.
For the Australian traders using this platform, the company does not charge any withdrawal fees or costs. However, traders residing outside Australian will incur a processing fee of $20.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |
BinaryTilt offers responsive 24/7 customer support via Live Chat, Email or Toll Free Phone in 5 countries. Both platform and support are available in English, Chinese and Japanese.
Conclusion
BinaryTilt is a relatively new binary option broker. But is has managed to set up a platform that meets the needs of any trader looking to trade binaries. There is a choice of different accounts, plenty of educational material and a wide range of options to choose from.
Features
BinaryTilt seems to have covered all its bases. The website which is available in more than 20 different languages, is easy to navigate; trades are executed quickly on the innovative MarketPulse platform and there is a wide range of educational tools to help both experienced and beginner traders. The choice of 6 different trading accounts, as well as demo and Islamic accounts, is almost unheard of in the industry and is a nice change for binary option traders.
Platforms
SpotOption
BinaryTilt uses the SpotOption platform.
The binary options offered are High/Low, One Touch, Range High/Low and Option on Demand, Pairs, Ladders, Forex and 60 Seconds.
SpotOption Trading Platform
There are several special platform features. The interactive display allows traders to see additional information regarding a specific bit of data simply by moving the computer mouse.
With candlesticks, traders are able to receive a broader view of their chosen asset’s price status. Candlesticks come in two colors: Red ones indicate that the price declined within a specified time period, while green ones indicate that the price climbed within a particular time period.
Traders can also benefit from using the strategy advisor, which essentially provides either a Call or a Put prediction based on one of the three following types of calculations: RSI, Moving Average or Bollinger Bands.
The Option Builder allows traders to fully customize their own option by selecting the asset, investment and expiry, and also their own risk/profit ratio, i.e. customizing the percentage of the stake that will be returned in the case of a losing trade. The advantage of the Option Builder is that it allows the trader to vary his/her trading style from low risk to high risk with complete control of your risk/profit ratio.
On-going Trades List
Trading Platform
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
