BNB Options review

On-line since: 2014
Country of origin: Russia
Regulation: -
Payment options: bank wire transfer, credit cards, electronic payment systems
Minimum account size: $250
Minimum lot size: -
Leverage: -
Spreads: -

About the company:

BNB Options was founded in 2014. The company provides its self-developed platform for trading.

Security of funds

BNB Options has got in the blacklist of the main Russian Forex regulator. Moreover, the location of the company office is not definite. Allegedly, BNB Options is headquartered in London.

Trading conditions

Clients of BNB Options can purchase the following option types:

Binary is a standard option type. Buying it, a trader needs to specify the contract value and the price direction: upward or downward. The expiration time is from 1 minute to 1 hour.

Meta Derivative is an option type similar to pending orders on Forex. The difference is that traders choose only the activation and expiration time but they cannot set the price level.

Barrier options are similar to One touch options. The payoff in this option type is generous but hard to get, as it requires high accuracy since the expiration term is rather long.

Minimum deposit

The minimum deposit is $250. To this sum the broker adds a welcome bonus that can be used for trading but cannot be withdrawn. However, profits are withdrawable.

Trading platforms

BNB Options promotes its self-developed platform. Clients can use 13 technical indicators for technical analysis, but the indicators are not adjustable. They can only be either switched on or switched off.

The minimum option value is $20 while the maximum is $5,000. At the same time, the number of active trades is not limited.

About 50 underlying assets are available for trading including currencies, stocks, indices, and commodities. The payoff is up to 87%.

Special services

The BNB Options platform features the Social Trading tab that makes deals of other traders available for copying.

Support Service

The customer support service can be reached through Russian and British phone numbers.

Payment methods

Clients of BNB Options can make deposits and withdraw funds through a bank wire transfer, bank cards, and QIWI payment system.

Traders’ feedback

There are both positive and negative comments about BNB Options. Some traders say that they can withdraw their money with no problems, but at the same time they express discontent with the broker’s experts who cannot provide comprehensive analysis. So, if you have doubts about professionalism of some specialist, you can ask the opinion of another one.

However, some other clients of BNB Options complain about difficult withdrawal of funds. So, you’d better not deposit large sums to this broker’s account.

When writing this review, we had difficulties with visiting the BNB Options website. Before opening a trading account, potential clients need to test the work of this website for a week at least and try to contact the support service in order to check how fast it will respond.

Pros:

• high payoff
• social trading

Cons:

• high minimum deposit
• the broker’s website is often unavailable
• too little is known about the broker