Binary Choices Meaning
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Introduction Binary Choices Meaning
Broker Information
Company Name
Binary Options Ltd
Company Abbreviation Platform registered country and region Company websitePyramid scheme complaint
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Warning: Low score, please stay away! 2 Previous Detection : 2024-02-28- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
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Pyramid scheme complaintScam
He blocked me after I deposited. I had to pay a lot of commission.
2021-09-22 15:58 Unable to withdrawstay away from this platform
cannot withdraw at all after taking profit even contact customer service also cannot withdraw
2021-09-27 14:22DONT INVEST WITH THEM
Please stay away from binary options.. I was scammed yesterdayplease I'll drop an Instagram account you should not invest with them.. They are not registered at all.. All they do is lie and you'll not receive any money
2021-08-18 18:33 Unable to withdrawDONT INVEST WITH HIM BECAUSE YOU WILL LOSE UR MONEY
$8,900 Samfxtrain who is big Instagram SCAMMER. He uses photos of @SamuelLeach . @samuelandcotrading pretend like him. He had another page @samuelfxtrading_ but after he has stolen my money he deleted that account. He is a professional SCAMMER. He was my trader haltradeoption.net. He and his friend sent me a bad business check $8900 to buy bitcoin so I did for them because I trust him but after I sent the bitcoin to the Thief Samuel his friend canceled the check. He also emailed the broker t
2021-08-06 10:58Scam
This Indian man stole my profits of $648 with fake Jason Fx account.
2021-09-21 15:00Scam Alert
R$300 to R$2200 in 5 days, I wonder why se needs to dm other people to come invest with her.
2021-09-06 18:48Scamss Lost my money
Two months ago a binary options broker cheated me out of $5000. When I asked to withdraw the funds, I never heard from the broker who was very helpful when I started. I would like to get my money back from this fraudster. Looking for a service to help me to recover my money!
2021-09-07 12:25I was a trader of Binary Option when they took my money!
Beware that Charles Eduardo is a "account manager" who uses +63 959 190 0641 and his company Binary Options, they are a scam. This Eduardo and his company lied to my friend Michael about 800 dollars. At first, Eduardo used a company called 24fast, which also cheated Michael about $1,000. Then Charles promised to help him make up for the loss through a new company called binary24options and convince him to invest $500. After several days of trading, Mr. Michael was told to pay. He didn't have 1,300 dollars as a tax.
2021-09-13 17:54Binary Options is a scam.
This woman works for Binary Options. Many people are calling her scammer.
2021-04-21 16:37Unable to withdraw
Unable to withdraw. It stole my money and the agent ignored me. I was so angry about this platform.
2021-10-12 22:21SCAM ALERT
Binary Option Trading - Using signals and information from other channels. Providing fake investment packages. Once you made the payment you will be blocked. They had a other channel that is marked as scam by telegram called Sure Shot Option Forex (Scam) Do not investment with them but report them as spam!
2021-08-05 12:38All unrealistic promises. Please be aware.
After getting scammed personally I hope it dosent happen to anyone else. It's so horrible. Got approached by this scam woman goes by the name Dalina Anna. This is what she described about this company: https://bitantex.com/#/home 1.Our company is an investment group based on Binary options and cryptocurrency trades, We help individuals trade with the aid of our Signals, Without any risk 2.Binary Options is a form of trading in which you predict if the price of cryptocurrency will rise or fall in a certain amount of time. . Each binary option also has a specific payoff that you can win. They are called “Binary Options” because the outcome is either win or lose, there's nothing in between. 3.We also have teams of expert traders and robots that helps with the right signals in predicting the cryptocurrency. Should there be any loss i assure you the company will make refunds of your capital.
2021-09-16 20:14Binary Options is a scam.
This woman works for Binary Options. Many people are calling her scammer.
2021-04-20 18:13 Unable to withdrawunable to withdraw
i invested with the broker by the name of faith bernad Williams on the 25th june 2021 R2000 when it was time to withdraw she send me an email that says i should pay R4000 for Atm withdrawal fee which i dont have
2021-08-09 21:32A BINARY SCAMMER ON TELEGRAM BE WARNED DONY BE A VIC
Okay listen $200 is the minimum an the lowest I can go for you is only $150 an I guess you see that we got a special going on today $150 gives you $8,500 in return.. AND NO BANK INFORMATION NEEDED RIGHT HER.. All this it's a scam their will be sending test massage like if you agreed and invest your name is sorry you better be very careful with those telegram forex traders.
2021-08-17 14:08 Unable to withdrawAfter 1 year of trading, now I can't withdraw my money.
I Cant withdraw money I have more than 1 year with Instaforex, without any problem, at the beginning. From the last 6 months to now, It is very difficult to open a position quickly, some times the server take almost 1 min trying to open a position, and not only open, change SL or TP its also soooo slow.I had the following problems: #HPQ #PAF orders: 1275841582, 1276426036. the stop loss was not respected, SOLVED. #CL order: 1295471810. stop loss was not respected. NOT SOLVED. the claim is about the time. why #CL close +2 before (your like says 01:00 to 24:00) I tried to do the withdraw by BankWire, they said: "The reason for it is your ordering a withdrawal to a payment system other than the one you used for funding your trading account" and how i can do that if i cant do that by visa card. the next week will be 1 month and i still cant withdraw my money. Terrible service. I hope with this, they will respond soon.
2021-09-15 20:03Binary Options · Company Summary
| Key Information | Details |
| Company Name | Binary Options Ltd |
| Years of Establishment | 2-5 years |
| Headquarters | 202-22 Wenlock Road, London, England, N17GU |
| Regulation | Unregulated |
| Tradable Assets | Forex, Stocks, Commodities, Indices, Cryptocurrencies |
| Account Types | Standard, VIP, Pro |
| Minimum Deposit | $250 |
| Leverage | Up to 1:1000 |
| Spread | Starting from 0.6 pips |
| Deposit/Withdrawal Methods | E-wallets |
| Trading Platforms | N/A |
| Customer Support Options | |
| Educational Content | Newsletter |
Overview of Binary Options
Binary Options Ltd is an unregulated company headquartered in London, England. The company offers trading services in various financial markets, including forex, stocks, commodities, indices, and cryptocurrencies. They provide three account types: Standard, VIP, and Pro, with minimum deposits starting at $250. The leverage offered ranges up to 1:1000, and spreads start from 0.6 pips.
Customers can access customer support through email channels. The company accepts deposits and withdrawals through various e-wallets and provides educational content through newsletters. However, specific information about their website and trading platform is not available.
Regulation
Binary Options Ltd operates without any regulatory oversight, making it an unregulated broker. This absence of regulation means that the company is not subject to the supervision or authority of any regulatory body. As a result, there are no external entities monitoring their activities, and they are not bound by the rules and guidelines set forth by regulatory authorities. This lack of oversight raises concerns about the level of protection and transparency offered to traders using their services. Without regulatory compliance, customers may face increased risks, as there are no mechanisms in place to ensure fair practices or resolution of disputes. Traders should exercise caution and thoroughly evaluate the potential risks associated with trading with an unregulated broker.
Pros and Cons
Binary Options Ltd offers a range of account types with varying leverages and spreads, catering to traders with different risk appetites. The company provides access to multiple tradable assets, including forex, stocks, commodities, indices, and cryptocurrencies, allowing clients to diversify their investment portfolios. Traders can utilize various e-wallets for deposit and withdrawal transactions, offering flexibility in managing their funds. The educational content provided through newsletters may serve as a valuable resource for traders seeking insights into market trends and analysis.
The major drawbacks of Binary Options Ltd are its unregulated status and the inaccessibility of its website. Being unregulated raises concerns about the company's credibility and transparency, potentially posing risks for traders without the oversight and protection provided by regulatory bodies. The website's inaccessibility prevents prospective traders from creating accounts and accessing essential information, hindering their ability to evaluate the company's offerings and trading conditions. Moreover, the absence of a dedicated trading platform limits the efficiency and convenience of executing trades and managing investments.
| Pros | Cons |
| Account Types & Flexibility | Unregulated Status |
| Tradable Assets Diversity | Inaccessible Website |
| E-Wallets for Transactions | No Dedicated Trading Platform |
| Educational Newsletters |
Inaccessible Website
Binary Options Ltd's website is currently inaccessible, which significantly impacts the company's credibility and hampers potential traders from creating accounts. The inability to access the website raises concerns about the company's reliability and transparency. A functional website is a fundamental aspect of any reputable financial service provider, as it serves as a primary point of contact and a gateway for customers to access essential information and services.
Market Instruments
Binary Options Ltd offers a range of market instruments, including Forex, stocks, commodities, indices, and cryptocurrencies.
Forex: Binary Options Ltd offers Forex trading, providing access to the foreign exchange market, where traders can buy, sell, and exchange currency pairs. This allows them to speculate on currency price movements and potentially profit from market fluctuations.
Stocks: Binary Options Ltd allows trading in stocks, giving investors the opportunity to buy and sell shares of publicly listed companies. This enables traders to participate in the equity markets and potentially benefit from company performance and dividends.
Commodities: Binary Options Ltd provides access to the commodities market, allowing traders to buy and sell various raw materials like gold, oil, and agricultural products. This permits investors to diversify their portfolios and hedge against market volatility.
Indices: Binary Options Ltd allows trading in stock market indices, which represent a basket of stocks from a particular region or industry. This enables investors to speculate on the overall performance of the market without trading individual stocks.
Cryptocurrencies: Binary Options Ltd offers trading in cryptocurrencies, allowing investors to buy and sell digital currencies like Bitcoin, Litecoin, and others. This gives traders the opportunity to take advantage of the high volatility and potential for significant price movements in the crypto market.
The following is a table that compares Binary Options Ltd to competing brokerages:
| Broker | Market Instruments |
| Binary Options Ltd | Forex, Stocks, Commodities, Indices, Cryptocurrencies |
| FXPro | Forex, Stocks, Commodities, Indices, Cryptocurrencies, Energies, Metals, Futures |
| IC Markets | Forex, Stocks, Commodities, Indices, Cryptocurrencies, Energies, Metals, Futures, Bonds |
| FBS | Forex, Stocks, Commodities, Indices, Cryptocurrencies, Metals, Energies |
| Exness | Forex, Stocks, Commodities, Indices, Cryptocurrencies, Metals, Energies, Futures |
Account Types
Account types offered by Binary Options Ltd are Standard Account, VIP Account, and Pro Account. Specifics are as follows:
Standard Account: Binary Options Ltd offers a Standard Account, designed for traders looking to start with a minimum deposit of $250. This account type provides leverage of up to 1:100, allowing traders to control larger positions with a relatively small investment. The spreads start with 1.2 pips, indicating the difference between the buying and selling price of an asset. However, specific benefits such as a dedicated account manager or bonuses are not mentioned.
VIP Account: The VIP Account offered by Binary Options Ltd targets traders with a higher minimum deposit requirement of $5,000. This account type provides increased leverage of up to 1:500, giving traders more flexibility in their trading strategies. With spreads starting from 0.8 pips, this account aims to offer more competitive pricing. Similar to the Standard Account, there is no mention of a dedicated account manager or bonus offerings.
Pro Account: Binary Options Ltd's Pro Account is designed for advanced traders willing to deposit a minimum of $10,000. This account type offers the highest leverage of up to 1:1000, which allows for even greater control over positions. Traders can benefit from tighter spreads starting from 0.6 pips, potentially enhancing their trading opportunities. Additionally, the Pro Account provides the service of a dedicated account manager, catering to more personalized support.
The specifics of the account types are as follows:
| Account | Minimum Deposit | Leverage | Spreads | Dedicated Account Manager |
| Standard Account | $250 | Up to 1:100 | Starting from 1.2 pips | N/A |
| VIP Account | $5,000 | Up to 1:500 | Starting from 0.8 pips | N/A |
| Pro Account | $10,000 | Up to 1:1000 | Starting from 0.6 pips | Available |
Minimum Deposit
Binary Options Ltd offers a range of minimum deposit rates for their different account types. The Standard Account requires a minimum deposit of $250, while the VIP Account demands a higher initial deposit of $5,000. For advanced traders, the Pro Account necessitates the highest minimum deposit of $10,000. These varying deposit requirements cater to traders with different levels of experience and risk tolerance, providing flexibility in choosing the most suitable account type.
Leverage
Binary Options Ltd provides varying leverage ratios based on the account type and market instrument. For the Forex market, the Standard Account offers leverage of up to 1:100, the VIP Account provides leverage of up to 1:500, and the Pro Account grants access to the highest leverage of up to 1:1000. When trading stocks, commodities, indices, and cryptocurrencies, all three account types have a leverage of up to 1:10, 1:50, and 1:100, respectively. Traders should carefully consider the leverage options available for each account type and market instrument, as higher leverage increases the potential for both profits and losses.
| Account Type | Forex | Stocks | Commodities | Indices | Cryptocurrencies |
| Standard Account | Up to 1:100 | Up to 1:10 | Up to 1:10 | Up to 1:10 | Up to 1:10 |
| VIP Account | Up to 1:500 | Up to 1:50 | Up to 1:50 | Up to 1:50 | Up to 1:50 |
| Pro Account | Up to 1:1000 | Up to 1:100 | Up to 1:100 | Up to 1:100 | Up to 1:100 |
Spread
Binary Options Ltd offers competitive spreads for its account types. The Standard Account starts with spreads as low as 1.2 pips, allowing traders to enter and exit positions with relatively minimal cost. The VIP Account provides even tighter spreads, starting from 0.8 pips, which may be beneficial for traders seeking more cost-effective trading opportunities. For advanced traders, the Pro Account offers the tightest spreads, starting from 0.6 pips, potentially enhancing profitability in their trades. Overall, the company's varying spread options cater to traders with different risk appetites and trading strategies.
Deposit & Withdrawal
Binary Options Ltd offers a selection of deposit and withdrawal methods, providing traders with flexibility in managing their funds. Customers can utilize various e-wallets such as Prefect Money, advcash, payeer, Skrill, Neteller, and WebMoney or cryptocurrencies like Bitcoin and Litecoin to make deposits and withdrawals. These e-wallet options allow for swift and secure transactions, enabling traders to fund their accounts or cash out their profits efficiently.
Trading Platforms
Binary Options Ltd lacks a trading platform, which is a significant drawback for traders. Without a trading platform, clients are deprived of a vital tool to execute trades and manage their investments efficiently. The absence of a user-friendly platform could result in a cumbersome trading experience and limit traders' ability to take advantage of market opportunities promptly. Additionally, the lack of a dedicated trading platform raises concerns about the company's commitment to providing a seamless and comprehensive trading environment for its customers.
Customer Support
Traders can reach the customer support team of Binary Options Ltd through email at [email protected] . This communication channel allows customers to send their inquiries, concerns, or requests for assistance directly to the company's support staff.Customer Feedback
Customer feedback on Binary Options Ltd indicates numerous complaints and concerns raised by users. Several traders reported experiencing issues with withdrawing their funds after making deposits. Some have labeled the platform as a potential scam, claiming that they felt cheated and ignored when attempting to get their money back. Others mentioned encountering difficulties in contacting customer service and receiving unhelpful responses. Many users expressed frustration and advised others to stay away from the platform due to their negative experiences, which included significant commission fees and unresponsiveness from the broker.
Educational Resources
Binary Options Ltd provides educational content in the form of newsletters . The company sends out regular newsletters containing market insights, analysis, and updates to help traders stay informed about the latest market trends and opportunities. These newsletters serve as a valuable resource for traders seeking to enhance their knowledge and decision-making capabilities in the financial markets.
Conclusion
Binary Options Ltd operates as an unregulated brokerage, providing trading services in the financial markets. The company offers multiple account types to with access a wide range of market instruments, including forex, stocks, commodities, indices, and cryptocurrencies. The availability of educational content in the form of newsletters serves as a valuable resource for traders seeking market insights and analysis.
However, customer feedback highlights concerns about the platform, with several reports of withdrawal issues, unresponsiveness from customer service, and potential suspicions of fraudulent activities. The company website's inaccessibility and lack of a trading platform raises questions about its reliability and transparency. These combined issues make for a brokerage lacking credibility, which makes for a high risk factor financial institution.
FAQs
Q: What is the regulatory status of Binary Options Ltd？
A: Binary Options Ltd operates as an unregulated brokerage.
Q: What types of market instruments can traders access？
A: Traders can access forex, stocks, commodities, indices, and cryptocurrencies.
Q: What are the minimum deposit requirements for account types？
A: The account types have minimum deposits of $250 (Standard), $5,000 (VIP), and $10,000 (Pro).
Q: What leverage options are available for traders？
A: Traders can access leverage ranging from up to 1:100 to up to 1:1000 based on the account type and market instrument.
Q: How can customers reach customer support？
A: Customers can reach support via email at [email protected] .
Q: What educational content does Binary Options Ltd provide？
A: Binary Options Ltd provides educational content in the form of newsletters, offering market insights and analysis.