General Information & Regulation
Founded in 2014, fxbinary is an offshore binary options broker, which is owned and operated by Express Services Limited– a company based in Seychelles, with its address: 106 Premier Building, Victoria, Mahe, Seychelles. There is zero evidence that fxbinary is regulated, so investing with this broker is full of risks.
Markets Instruments
fxbinary is offering bets on currency pairs, stocks, indices, commodities and crypto coins, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ripple, Ethereum, Ethereum Classic, Zcash, Monero, Dash and OmiseGo.
Minimum Deposit
Allegedly, one can open an account with fxbinary by depositing $200. Such initial investment is not high and almost everybody can afford to sign up. However, given the fact that fxbinary is not regulated, traders are not advised to register real trading accounts here.
Payouts
The payout on EUR/USD Call/Put options seems to be as high as 81%, and the broker promises even higher returns on some short-term options, reaching 200%. However, returns as high as 200% are too good to be true. Investors should be especially wary of such unrealistic offers of guaranteed, fast and easy returns. A general principle in trading is that the possibility of higher returns brings along greater risk.
Trading Platform
Fxbinary offers its clients the trading platform called TradoLogic, available in English and Japanese, supporting Windows, Mac and Web.
Deposit& Withdrawal
Payment options with fxbinary include major credit cards like Visa and MasterCard, Wire Transfer, as well as JCB. The minimum initial deposit is $200. In terms of withdrawal, the minimum withdrawal amount is $100, and fxbinary claim that it takes up to 5 working days.
