Published on July 25th, 2017 | by John Kane0
Broker Review: BinTrader
Summary: This broker is a new kid on the block. They still need to prove themselves to the market.
Today I’m looking at a new binary options broker that wants to help traders make smart investments in the financial markets, BinTrader. The broker has a very simple website, where they tell us that they provide training, analytics and top and support.
Despite the website being in Russian, they are owned and operated by Trader X LTD, which is located at The Jaycees Building Stoney Ground Kingstown St. Vincent and the Grenadines. I will still be leaving this categorized as a RU brokerage because I feel the people behind this broker are Russian, and that’s why their website operates in that language first. In order to access support, traders can click on the support button at the top right-hand side of the page. There is no email address available at this point in time.
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The creators of this brokerage advertise BinTrader as profitable, secure and stable. Traders can sign up with a minimum deposit of $10, and open trades as little as $1. This makes it possible for traders to test the brokerage, before depositing large amounts of money. You could certainly test the platform, and make sure that the brokerage is not doing anything weird with the pricing, which is beneficial. I believe that every binary options broker should have a starting deposit and minimum deal this low.
They currently offer deposits and withdrawals without any extra charge. Most brokerages charge a fee, so I’m not sure how this broker is doing it differently but hopefully it’s true and it changes the way other brokers are doing their withdrawals.
One of the main components of the platform, is the education center, or at least that’s what BinTrader leads us to believe. Yet, there are no real links to the education center. If you click on the “about the company” page at the bottom left-hand side of the website you will be taken to an area with the strategy section, an our traders section, a where to start section, and how to trade section, and a personal training section.
You will notice that each one of these pages is translated from Russian, so the language isn’t the best.
When trying to go to the strategy section, all I see is one line of Russian language, so I assume this section has not been flushed out yet. The our traders section is equally as disappointing, as it is just one line that states that “at the moment the section is empty.”
The bottom line here, is that the brokerage has done a poor job at putting this section together. I’m not sure if this is totally because they are Russian language first, or they have just yet to spend enough time in this area. Either way, this section needs major work.
Current Customer Feedback
At this point in time, I’ve been unable to find any client feedback. The brokerage must be very new, or just underpopulated in general.
I found one other BinTrader review that listed their verdict as “caution,” but they are to reputable binary options review site by any means. So, I will not be giving them any publicity.
This brokerage is obviously very early in its development, and with that being said I’m going to give BinTrader a 3 star review. The people behind this brokerage need to do a better job at completing their education center, and giving us more information about the brokerage in general. In oversimplifying the process and their sales page, they haven’t given us very much to work with. I’d like to learn more about the broker, and then I will consider raising the profile of this review.
Thank you for stopping by, and please let me know if you ever have anything you would like to add to this binary options trading community.
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