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Binex review

Binex


On-line since: 2012
Country of origin: Cyprus
Regulation: Financial Market Relations Regulation Center (FMRRC), Russia
Payment options: bank wire, Visa/MasterCard bank cards, Qiwi Wallet, Web Money
Minimum account size: $150
Minimum lot size: -
Leverage: -
Spreads: -

About company:

The binary options broker is focused on Russian traders. The company belongs to Binex Ltd established in 2012.

Safety of clients’ funds

The broker’s activity in the European Union is supervised by the The State Service for Financial Monitoring. In Russia, the broker is regulated by Financial Market Relations Regulation Center (certificate No CFR RU 0395 AA Vv 0096). Clients have to go through a regular registration, so they are required to provide documents to confirm their identity. All operations on the website are protected by data encryption according to 256 bit SSL certificate.

Trading conditions

Types of accounts with Binex are tailor-made for traders with different means and forex experience. A newcomer is able to launch into a trading career and evolve into a professional trader. The broker offers four types of trading accounts + VIP account.

Basic account:

  • A deposit from $150 up to $990;
  • Educational E-book;
  • 3 no-risk deals;
  • 75% deposit bonus.

Training account:

  • A deposit from $1,000 up to $4,990;
  • Trading signals;
  • A weekly newsletter;
  • Introductory webinars on technical analysis;
  • 5 no-risk deals;
  • 100% welcome bonus.

Trader’s account:

  • A deposit from $5,000 up to $9,990;
  • 3 online tutorials;
  • 7 no-risk deals;
  • 150% deposit bonus.

Expert account:

  • A deposit from $10,000;
  • A complete set of online tutorials and webinars;
  • Faster withdrawal of funds;
  • 10 no-risk deals;
  • 200% deposit bonus.

Besides, there are more account types in the company: Silver, Gold, and Platinum VIP. The broker does not charge any commissions for withdrawing money from these accounts. Clients can get personal expert advice and take a training course. Another advantage of such accounts is 20% of no-risk deals.

Special conditions are provided for Platinum VIP account. However, a client has to deposit at least $100,000 (RUB 2,500,000) to open this account type with the broker.

Trading platform

Binex has developed its own trading platform to trade binary options. It has a simple design and a user-friendly interface, a big choice of trading assets, a function of complementing online charts and a toolkit of technical analysis, reliable data protection, fresh market quotes, and a mobile version.

Assets and option contracts

The broker suggests a portfolio focused on Russian traders. It includes shares of successful Russian companies, popular currencies, commodities, and indices. The portfolio makes up the total number of 190 assets.

Trading options with Binex, clients can gain a profit of up to 81% of an amount spent on buying One Touch Option. Moreover, a trader can boost a profit to 120-140% and over with other types of binary options.

Clients can trade the following types of option contracts: One Touch, classical binary Call/Put options, Turbo Option, Price Channel Breakout, and Super Turbo.

Traders are invited to practice social trading on PAMM accounts. A client is free to copy any of the deals available. The monitoring list displays a rating of top traders that is frequently updated.

Market analysis and educational resources

Binex renders services which facilitate trading. Traders can use readings on a live chart in technical analysis. Just few brokers provide a trading platform where a trader can conduct technical analysis, plot a chart, and mark indicators.

For those who apply fundamental analysis, the broker posts the economic calendar on its website. The broker has created educational videos. Besides, clients are invited to take part in a webinar.

Payment methods

Clients can deposit and withdraw funds by means of bank cards, electronic wallets, and wire transfer. The minimum deposit equals RUB 10,000 ($150). The broker also accepts US dollars and euros. Trading operations are performed in the same currency which was used to deposit an account. Traders should take notice of this condition as it will be impossible to change the currency of an account later. Money is instantly credited to an account, but a withdrawal takes up to 5 days. The smallest amount to be withdrawn is RUB 1,500 or $50.

Customer support

The support service operates round the clock 7 days a week. A client can contact the customer support through email, a live chat, helpline, and telephones of the finance department.

The customer support is rendered in Russian.

Advantages:

  • No-risk deals;
  • A high level of protection of clients’ confidential data;
  • Russian-speaking managers in the customer support;
  • A wide choice of extra tools for traders.

Disadvantages:

  • Technical restrictions of a trading platform.

Binex 2/10 (votes 2195)
Author of Binex: Kamrul | Date 2020-09-08
Five months ago I started with Binex with $1,000. Great option trading platform with many features, orders are executed on set time. However on news time one my trade executed 45 seconds later. Compare with other broker this is ok. I am still trade with them and every month I made a withdrawal $300+ through Skrill and I got my money within one day. I hope they will continue this way.
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Author of Binex: Muskan | Date 2020-09-08
If you are a beginner and you are looking for a Forex broker, I am telling you to steer away from Binex. This broker has high trading costs. Its spread is too high, almost impossible to earn at all. And if you are a small and new trader, it will be very difficult for you. I am also a new trader and I regret opening an account at this broker.
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Author of Binex: Vaug | Date 2018-09-02
I had no problems with Expertoption broker. In fact, a broker can make an excellent profit. How much I already work with him, the impressions are only positive.
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Author of Binex: Richar | Date 2018-08-30
Broker Expertoption really liked. How many different companies have tried, this was one of the most profitable and convenient - I'm happy.
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Author of Binex: Adam | Date 2018-08-18
A couple of days ago received the first withdrawal of the money on the Expertoption broker! The guys profit is stable as it is not strange! Although I am far from a beginner in this matter, but such moments always bring joy that
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