Sunday, December 15th, 2013 by Michael Freeman
In the last couple of days I spent some time interacting with the BinaryInternational.com platform in an attempt to get a better understanding of ‘how reliable’ and what kind of a company stands behind the new BinaryInternational.com brand. I am sure that if you just found this post on Google, you are asking yourself the same questions.
BinaryInternational.com Platform and Features
Binary International is a nice looking website with all the features you would expect to find on a binary options platform, which include the 60 Seconds Feature, One Touch and Boundary Trading. The Asset List is very minimum so if you are a Stock Options fan, you should know that Binary International offers a total of 30 assets and a 8 stock options! In Terms of Currency Pairs, they have almost all currencies listed.
BinaryInternational.com Deposits and Withdrawals
Minimum deposit is $250 which is standard, most brokers will require between $200-$250 and obviously depositing is always the easiest part! The withdrawal policy of a binary options broker is a lot more important and must be carefully reviewed before proceeding with the initial investment. It turns out that Binary International has a very strict withdrawal policy with a $250 minimum requirement for a withdrawal, $10 Fee for withdrawals under $500.
Based on the Legal section of Binary International withdrawals might take between 8-10 days. 3 business days to process the request and 5-7 days for the funds to show up the client’s account. If traders withdraw the funds before generating 5 trades or agreed to use any of the free software and tools offered by Binary Internatioanl, they will add an additional $50 charge will be added to the withdrawal request.
In some cases companies are now providing traders with same-day withdrawals such as with GOptions withdrawal policy.
BinaryInternational.com is not a recommended broker and not because of the asset list or due to the horrible withdrawal policy, but mainly because of the failure to operate within the boundaries of the law and industry standard having no CySEC regulations. If you are trading binary options in the US I recommend checking out the list of US Recommended Brokers and for NON-US Traders I recommend going with a fully EU regulated broker such as OptionFair or Topoption. Thank you for reading my review on Binary International. If you have any questions, comments or feedback please share your thoughts below or email me at [email protected]