Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Year Established | 2004 |
Execution Type(s) | Binary Options |
Minimum Deposit | $250 |
Trading Platform(s) | Proprietary platform |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Rbinary is somewhat of a newcomer to the binary options lineup, having launched its platform within the last few years, but there is every reason to believe that it will become one of the leading binary options brokers in the group in a very short time. Rbinary is a global company, with a focus on the Asian market. Its main office is in London, UK, and it maintains satellite offices in Baharain and Russia. It also uses a mailing address in Hong Kong.
Features
The landing page at Rbinary comes with lively and images that are constantly moving in and out that make you feel like you are standing right on the trading floor of a stock market.
Rbinary offers four different trading accounts. The minimum deposit required for the standard Silver account is $250 which is average for the industry. The maximum position is $1000 and the total maximum positions cannot exceed $6000. The Gold account, also called the Power Trader, requires a minimum deposit of $5000, has a maximum position of $400 and $1200 is the maximum positions allowed in the account.
$20,000 is the minimum needed to open the Platinum account, also referred to as the Professional Trader account. $8000 is the maximum position permissible in this account and includes a total of $24,000 in maximum positions. The VIP account is Rbinary’s premier account and nothing less than $50,000 will fund it. A maximum position is $16,000 with possible positions totally no more than $48,000.
Monthly cash backs are offered for every account and vary according to the amount deposited and each account holder receives some amount of cash back for the minimum monthly volume.
A demo account is available at Rbinary, which is advantageous, but besides the ability to register for one, there were no further details of the account listed on the site.
When doing this Rbinary review, I found the comparison page of the four above accounts to be clearly laid out and effortlessly understood. The fact that the specific account comes forward when tapped adds to the ease of use.
Rbinary offers a wide range of trading options, including commodities, currencies, indices, stocks, and metals such as gold, platinum and oil. They offer generous bonuses of 150% and more. Promotions are mentioned on one of their pages but I was unable to find any information about them.
Deposits and withdrawals are made in the usual methods such as bank wires, credit cards and online payment plans such as Neteller and Union Pay. Withdrawals are guaranteed to be made within three business days. The minimum withdrawal from any account is $100.
Education
When it comes to education, Rbinary doesn’t stint on the choices. At their Academy, traders can take advantage of a full series of V.O.D. courses for both beginners and experienced binary option traders. Included in these courses are topics such as the basics of binary option trading, risk management and more. I sat through a few of the lessons and was very impressed with the quality of the presentation.
Also at the Academy, traders can find in-depth courses where registered traders can learn all about market analysis, different financial instruments and the psychology of trading. Basic and advanced technical analysis is presented in Rbinary’s advanced courses and this is an important feature for advanced traders who are looking for good returns on their binary option trades.
Rbinary Educational Courses
The Rbinary eBook, which can be accessed by all registered account holders, is filled with topics that are essential for the trader in order to have a successful trading experience.
Signal trading is available from Rbinary and can be accessed through the VIP account only. Details are supplied only after registering and logging in to your account.
The Rbinary website is available in four languages: English, Arabic, Russian and German.
Reliability
Rbinary is not under any regulatory organization.
Customer support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |    |
Rbinary offers advice and support around-the-clock via email, telephone and chat. When doing this review, I posed a question on chat and within seconds I received a response from a representative that was courteous and knowledgeable.
Conclusion
All in all I was very impressed with Rbinary. The website is easily navigated and registering for an account is a simple and quick process. It’s good to see that they offer a choice of accounts and that a demo account is available for beginner traders who wish to practice their trades without risking any money up front.
Features
The features at RBinary are very attractive and may have been instrumental in attracting so many clients in such a short time. They currently have hundreds of thousands of registered account holders from all over the world. In fact, the focus at RBinary is on the Asian marketplace and that’s why they offer their website in English, Arabic and Russian.
Platforms
Proprietary Platform
Rbinary launched its own proprietary web platform in October 2014. The platform was designed to be user friendly and easily managed by all types and levels of traders. I didn’t find much information about this platform and the features it provides were not described anywhere in detail. One would assume that the standard features offered by most binary options brokers can be found with Rbinary as well.
The proprietary platform at Rbinary is responsive and easy to navigate. It offers several trading types including Digital, Touch, Range and Turbo. The Turbo Option is a high speed binary option with an expiration of between one and 3 minutes and is perfect for experienced investors who are familiar with binary option trading. The platform uses colorful graphs to show price performance of an asset using the various different trading types. In addition, each trading type is accompanied by a listing of both the top traders of that particular asset and the top trades made during the same period by other traders, along with the trading instrument used for the trade. This is a very useful social trading tool and should benefit traders of all levels but especially traders who receive indicators on a consistent basis.
MetaTrader 4
Traders at Rbinary can choose to use the MetaTrader4 trading platform with all its features and benefits.
Mobile
In addition, traders can access the Rbinary Platform using a computer or Tablet with an online connection.
The Rbinary Mobile App has recently been and can be obtained on Google Play Store and the Apple App Store. It supports a wide range Android Devices and iOS Devises (IPhones and IPADs).
Trading Platform
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
