Bintrader
Reviews 1
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1.0
Unverified company
bintrader.com
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The young broker of binary options successfully works under the motto "to traders from traders", which indicates its serious intentions.
Binary options broker
Website
Date of foundation
2016
The owner of the company
Trader X Ltd.
Types of support
Support by phone
Languages
English, Russian
Terminals
Author's platform
Min. first deposit
From 200 USD
Min.
From 5 USD
Broker fee
Yes
Payments
To 80 %
Free Demo Account
No
Types of options
60 seconds, High/Low
Adjustable
Yes
Regulators
.RU 0395 AA Vv0102
Types of accounts
Methods of replenishment
Qiwi, Skrill, Webmoney, Bank Card (Visa/MC), JuMoneu
Withdrawal methods
Qiwi, Webmoney, Bank card (Visa/MC), JuMoneu
Number of assets
90+
Types of assets
Binary options
Currency pairs
Stocks
Raw materials
Products
Account currencies
USD
Expiration
From 60 seconds to 30 days
Mobile Trading
No mobile apps
Weekend trading
No
Tournaments / contests
No
Trader training
Yes
Affiliate Program
No
Benefits
License from the regulator CRTFM
Russian-speaking technical support
Reliable and safe platform
Personal Manager
Demo account with no time limit
Disadvantages
Lack of opportunity to carry out the analysis on the platform
Terminal malfunctions
A small selection of assets
Lack of information about the supplier of the quotation
Withdrawal delays
Date of update
20.04.2022
Overall assessment
0/10

    Bintrader is it a scam? Reviews and description

    Published: 8 August 2017 Updated: 20 April 2022

    Bintrader, young binary options Broker, belongs to Trader X Ltd., which is registered under number 23430 IBC 2016 in the territory of St. Vincent and the Grenadines. The company appeared in early 2016 and now possesses a variety of Traders’ reviews. And yet, Bintrader is a scam or decent young Broker, which is certainly worth a look? We will answer this question in our detailed Broker’s review.

    Broker’s slogan – “to traders from traders” – indicates its serious intentions in the trading market, as well as the fact that its staff includes professionals who set the task of organizing a convenient and comfortable process of trading binary options. First of all, the company is pointed at the Russian audience, so all the materials of the website are presented in Russian that is convenient and reliable. In addition, the Broker successfully works with the largest CIS countries.

    The staff of the company includes professional traders and analysts who are ready to help users of the platform in any matter. The Broker also has a convenient chat for traders in Telegram messenger. In March 2017, the company received the license of the Russian regulator, FMRRC, which also increases the level of confidence to it.

    Convenient and functional trading platform is a proprietary development of the Broker, suitable for Traders of any level and positively evaluated in the reviews of Traders. It is worth noting fairly the fact that the development of the trading platform is a serious step that requires a lot of money, and usually, fly-by-nighter Brokers do not have and do not spend a lot of money to the serious development of the functionality.

    It could be confidently set that Bintrader trading terminal is a worthy and high-quality product offering great opportunities for options trading, and it can be trusted. Website is available in popular browsers and devices (PC, PADs), works quickly and without failures. The terminal is very simple and even a novice Trader who has no experience of trading options can understand it. Among its advantages: the ability to change the background of the workspace (light or dark) for convenience, change the type of chart, subscription to free trading signals, the presence of demo account (with $1000 in the account), a convenient choice of expiration, assets, profitable Trading Strategies (TS “Reversal Point”, TS “Flat Breakdown “, etc.), analysts data, etc.

    You can also take an advantage of Deposit Insurance, which allows you to return up to 45% of the amount in case of losing trades. This convenient function is a guarantee of safety of money on the account with the ability to continue trading, which positively characterizes the Broker. Elaborated and high-quality skill-training program for trader, created by professional market players, is another significant advantage that distinguishes the Broker among other trading companies.

    Deposit & Withdrawal Methods

    Bintrader provides enhanced capabilities for deposit/ withdrawal operations. In order to deposit the account, you need to create an account, deposit by choosing a convenient way to transfer money (Minimum Deposit — $10). To deposit, the Trader can use the advanced list of modern payment systems – from the usual Bank cards to e-wallets:

    • VISA,
    • MasterCard,
    • QIWI Wallet,
    • Yandex Money,
    • Skrill,
    • Webmoney.

    The account could be opened only in US dollars. Money is available for trading immediately after the payment. Cash-out is possible only for authorized and certified Traders, taking no more than 24 hours, which is very convenient. As it is mentioned in Bintrader Broker reviews, there are some problems with deposit / withdrawal operations. In this case we recommend you to clarify the particular features of the terminal from a Personal Account Manager and complete the full verification of the account.

    Complaints against Bintrader

    Despite the fact that Bintrader Broker is very young, reviews about it are already online and differ in their diversity. On the one hand, Traders mention about the convenience of working with Bintrader, fulfilment of its obligations by transferring money in a timely manner, and that the terminal operates at a high level. There are also negative reviews regarding the terms of bonuses, account verification.

    To avoid problems with Broker, ask your Personal Manager about the conditions of account verification, rules for using bonuses and features of withdrawal. The Broker has yet to find and conquer its audience, which means that there will be more reviews about it and it is too early to draw conclusions about it.

    A well-designed functional trading terminal, convenient ways of withdrawal operations, professional support, bonuses and funds insurance — the company provides really good opportunities for Traders, so it is worth trying trading with it.

    Bintrader: a Scam?

    Despite the fact that the broker is one of the youngest in the binary options market, it has yet to show its capabilities in trading. And yet, the network already has different reviews about the company, but most of them are positive, which indicates the trust to Bintrader.

    One of the important factors of the positive Broker’s image is the presence of its own trading platform, this indicates its serious intentions, because it is an impressive investment that is not available to fly-by-nighter Brokers. A significant advantage – the presence of bonuses, round — the-clock support, the opportunity to receive professional training with analysts – all this speaks of a deliberate policy of working with the client.
    Bintrader certification is also a significant step towards trust of the user. Should Bintrader be considered a Scam? At this stage of the company’s development, it is too early to draw such conclusions, but you can protect yourself by working properly with your personal Manager.

    Broker’s Regulator

    The activity of this Broker is extremely transparent; in Russia it is regulated by the FMRRC (certificate issued by the Center for Regulation of Relations in the Financial Markets). Not all Brokers have such certification. The regulator, which issued the license, also controls the work of a special fund, which compensates the losses of Broker’s Clients. Thus, the FMRRC certificate minimizes the risks of Traders, guarantees the reliability and safety of trade.

    Check the License at FMRRC web

    Bintrader Bonuses

    Each Broker’s Trader could receive bonuses of 2 types:

    1) Percentage to the account. The amount of such bonus can reach up to 150% (depending on the amount on the deposit). This is the money that is available on the trading account, they can be traded. In future the bonus should be worked out. Conditions of the bonus work-off should be specified by Personal Manager.

    2) Insurance up to 100 transactions. You can make up to 100 trades with the ability to recover up to 40% of the lost amount in case of loss. The essence of the bonus is that if your transaction is closed at a loss, you could return up to 45% to the account.

    Conclusion

    Bintrader, binary options trading Broker, despite being a young company, has a good chance of getting high ratings among trading professionals. Already now the company has positive reviews about bonuses and its trading terminal, which speaks volumes about that the company is on the right path of development. The unique functions of the terminal, the thought-over training program, favorable bonuses – all these positively characterize the company, testifying to successful start and correctly chosen area of development.

    And yet, the company has negative reviews, which lead to the conclusion that the Trader needs to study carefully the conditions of working with the company. Let’s hope that the Broker pays attention to feedback from its users and intends to develop further, keeping the pace of its successful start. It is also fair to note that Bintrader has not yet managed to prove itself, and it is quite early to evaluate it as a reliable or fraudulent company. However, the reviews of Traders that we are waiting for under this digest, can not only affect the Broker’s ratings, but also warn about possible problems.

    Ease of trading
    20%
    Withdrawal speed
    20%
    Payout Percentage
    20%
    Customer Service
    20%
    1.0

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