365BinaryOption Review

365BinaryOption

* Ranked #17 of 97 in DailyForex's top broker list

Info

Name : 365BinaryOption
Website : 365binaryoption.com
Established : 2014
Country : Virgin Islands
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Choice of Different Trading Accounts
  • Organized Website
  • Host of Educational Data

Disadvantages

  • No Demo Account
  • Narrow Selection of Options

365BinaryOption Review

365BinaryOption Review

365BinaryOption, established in 2014, is a brand name owned and operated by Fintech Software, Inc. specializing in Forex trading, financial options, online marketing, commodities, stocks, derivatives, software research and development. 365BinaryOption is headquartered in the Virgin British Isles and is one of the most foremost on-line trading platforms in the world founded by a team of pioneers in internet technology and financial professionals.

Accounts

There are four different trading accounts at 365BinaryOption. The basic differences in the accounts are the amount of amount of time spent with a senior broker, which lessons are available to them and the bonus rate of return on every trade. 

The Mini account allows for one Senior Broker session of 20 minutes per week and lessons 1 and 2. There is no additional rate of return. The minimum deposit in an account is $200.

The Silver account offers two Senior Broker sessions of 20 minutes per week, lessons 3-4 and a 2 percent bonus on each trade.

Traders with the Gold account are entitled to 3 weekly sessions of 20 minutes each with a Senior Broker, lessons 5-6 and an additional 3% return on every trade made.

Anyone opening a Platinum account receives 4 sessions per week of 20 minutes each, lessons 7-8 and a 4% bonus rate on each trade. In addition, Platinum account holders receive 1 Risk free trade (Up to 1K) every month they hold on to their Platinum account.

All account holders pay No Commissions, have full access to all of the instrument types: High/Low, Boundary, One Touch, Short Term and to all trading assets-- Currencies, Shares, Commodities, Indexes as well as full access to the 365BinaryOption education center. Support and assistance are provided 24 hours a day.

Features

365BinaryOption is the only trading platform that allows customers to choose both or either side of a single purchase price across all instruments. This ensures the guaranteed fairness of pricing regardless of the way the market moves with no spread or commission on purchases.

It offers customers the freedom to close out trades before the scheduled expiry whether the trade is or is not currently profitable.

$25 is the minimum investment amount for a single option; $10,000 is the maximum investment amount.

A trader can enter an unlimited amount of options at any given time. The total amount of money placed at the same time across the options cannot exceed the Maximum Investment Amount of $10,000 until one or more options have reached expiry. After the total amount of pending options has gone below $10,000, additional options can be entered until the maximum limit has been reached again.

365BinaryOption offers marketing options in the form of an affiliate program where participants enjoy excellent commission plans, revenue share, CPA, are able to track their trader activities easily with simple tracking reports, and analyze the success of your promotional campaigns and benefit from a full suite of marketing tools to maximize your efforts. Insert pixels, text ads, banners, and more.

Additionally, 365BinaryOption offers an appealing ‘Introducing Broker’ (IB) program to its clients from all around the globe. An introducing broker has many benefits such as an automatic commission compensation and calculation system which allows for easy and accurate payments made directly to the IB’s 365BinaryOption account; Marketing services customized to accommodate any needs and specific goals of the IB; Secure and reliable access to commission accounts to monitor the IB’s performance at any time; Comprehensive, clear reports detailing all weekly and monthly client activity and more.

Education

The Education Center at 365BinaryOption is full of high level instructional material which is offered to all account holders. The video section is divided into beginners, advanced and platform lessons.  In depth textual lessons are also provided for both beginners and advanced traders.

365BinaryOption Forex Education Videos
365BinaryOption Forex Education Videos

There are also ebooks for advanced and beginners.

Courses on Trading Strategies include Trend Signal strategies, Fractual strategies, Fishing strip strategies, Tunnel and Zigzag strategies, Wave trackers and more.

Additional courses offered cover a number of topics—growth, crisis, interest, inflation and others.

There is also an economic calendar with up-to-date financial events planned throughout the world. The FAQ section is divided in to separate sections on Trading, Funding, Personal accounts and General information.

A listing of assets to be traded is supplied as well as an expiry calculator and a special section for Early Closing reviews the topic of closing a position before the contract’s expiry which is one of the options offered by the broker.

Deposits/Withdrawals

A deposit may be made with a wide range of credit and debit cards, Electronic Payment or by a bank wire transfer. The minimum deposit accepted by 365BinaryOption is $200 or the approximate equivalent in your local currency.

Withdrawal requests are processed by 365BinaryOption back to the original source of funding. If the withdrawal request value exceeds the amount deposited by a credit card, the difference will be allocated by bank wire transfer.

Bonuses/Promotions

At the time of this review, 365BinaryOption was offering a 100% welcome bonus.

The Invite-a-Friend promo offers traders a $50 bonus for every friend who registers and starts trading with a real account. $25 goes to the new registrants upon his/her first deposit.

Customer Support

Customer support is available 24/7 by telephone at any of the 365BinaryOption 7 locations: London, UK; Sydney, Australia; Singapore; the Philippines;, Dublin, Ireland; Montreal, Canada; and Cape Town, S. Africa. Email correspondence is also available as is online Chat.

Conclusion

365BinaryOption is a well-rounded binary option broker. The website is easy to navigate and the topics are well placed and logical. I was disappointed that there was only one bonus program in addition to the Refer-a-Friend promotion but was pleased with the vast array of educational material.

Advantages

  • Choice of Different Trading Accounts
  • Organized Website
  • Host of Educational Data

Disadvantages

  • No Demo Account
  • Narrow Selection of Options
Review info :
Broker reviewed : 365BinaryOption Rating : 8 out of 10
Reviewed By : Review Date :