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7 Binary Options
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We have been getting a lot of e-mails lately regarding a very progressive binary options broker called Exbino. Because of this we have decided to look at the website a little closer and see why this binary option broker is getting very popular. It is a site that you can rest assured you will be happy with and that will provide you with everything you need as far as binary options trading is concerned. Everything from the trading platform to the support system is well designed and adds to a seamless trading experience.
Online since: 2020
− Has over 130 Tradeable assets
– Doesn`t have Spanish language
7 Binary Options Rating:
Offering a lot of possibilities for traders is what Exbino is all about. What is another special feature on Exbino; how about the fact that they offer several different account types. Their accounts seem to be based on rather small deposit amounts so this tends to open up a whole range of services to even those that only make a small deposit. That is great news for the casual binary options trader.
Beste Broker fur Binare Optionen 2020:
This is definitely an account type for the very casual binary options traders or those that are new to trading binary options. Don’t be fooled though, there are a lot of nice features that come with this account level.
A 200 Euro deposit is all it takes to get started at this level and that will give you a generous 25% signup bonus. This will also entitle this level account holder to one free withdrawal each month, access to Exbino’s education materials, assignment to a personal account manager, and introductory help to the web trading platform on Exbino.
This is an account type for mildly experienced binary options traders that have more than a basic knowledge of how to trade binary options.
A 1000 Euro deposit is all it takes to get started at this level and that will give you a generous 50% signup bonus. This will also entitle this level account holder to two free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 2% in payouts and introductory help to the web trading platform and trading strategies on Exbino.
This level is for very experienced traders who like to go after some big money and like a host of website features to help them get it.
A 2500 Euro deposit is all it takes to get started at this level and that will give you a generous 100% signup bonus. This will also entitle this level account holder to three free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 3% in payouts, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free iPhone 5C 16 GB or iPad Air 16 GB or as a welcoming gift.
This account level is for the really hardcore binary options traders that wants all the bells and whistles a broker can give them to help them be successful.
A 5000 Euro deposit is all it takes to get started at this level and that will give you a generous 2500 max signup bonus. This will also entitle this level account holder to free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 4% in payouts, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free iPad Air 32 GB Cellular or iPhone 5S 32 GB as a welcoming gift.
For the trader that wants the best trading experience possible in both binary options and FOREX trading this is the account level you must have. It caters to only the most ultra-hardcore traders in these two financial markets.
A 10,000 Euro deposit is all it takes to get started at this level and that will give you a generous 2500 max signup bonus. This will also entitle this level account holder to free withdrawals each month, access to Exbino’s education materials, assignment to a personal account manager, an increase of 5% in payouts, automated trading software, unlimited consulting and introductory help to the web trading platform and trading strategies on Exbino. It also includes a free MacBook Air 13” as a welcoming gift. A FOREX platform tool is also included in this exclusive package.
When we took a look at the websites trading platform we decided to join by depositing 5000 Euro in an account and signed up for the regular VIP account. As with other binary options sites we don’t like the bonus withdrawal rules regarding deposit bonuses on Exbino; it is just something that binary options traders have to live with until somebody changes the rules. All the web brokers don’t let you withdraw profits made on bonus money until a certain volume of trading is reached. The worst part of the deal is that all losses are considered to come out of the traders own money first. All of us binary options websites are putting pressure on to get these rules changed on every website that allows binary options trading.
The rule on Exbino is you have to trade thirty times your deposit in order to be able to withdraw any of the deposit bonuses. One good thing is every user has the right to refuse he bonus money altogether.
Exbino Trading Platform
This broker proved how keenly aware they are to the binary options trading scene by choosing the TechFinancials software to build their trading platform with. There are very few software programs for the binary options market that are as easy to use and have such a sophisticated trading interface as the one TechFinancial’s makes. It is a platform that tends to make trading not only fast but also very easy and fun. The layout on the trading part of the platform is done in a way so everything is easily visible and also in a way that makes sense. There is even a feature at the bottom of the trading page that lets you track your portfolio and in process trades.
If you like having a lot of assets to choose from then Exbino has what you need there too. There are over 130 tradable assets that can be used throughout the platform. These include over 60 stocks, 10 commodities, 23 stock indexes and 35 forex pairs. This should be more than enough for even the most experienced binary options traders to choose from; everyone can find an asset they are familiar with and can trade successfully. They also offer a variety of different binary options choices to choose from; these include High/Low, One Touch, 60 second and Boundary Options. Boundary options are risky but potentially very profitable boundary and are great for those who are extremely comfortable trading based on bands and other somewhat similar strategies. A trader can also choose from such expiration times as 60 second, 5 minute, 15 minute, 30 minute, 1 hour, 24 hour, and End of Day expiration times. Again there is a lot of variety on the Exbino trading platform.
For those who trade with the VIP/FOREX account they also have access to the slightly different FOREX trading platform, so trading with Exbino is like joining two types of trading sites with just one broker. It’s a nice thing that Exbino offers those who are serious binary options and FOREX investors.
When looking at the Exbino website we really liked their innovative support platform. You can type a question on live chat and then a FAQ list will come up; if it does not answer your question then you can precede to the live chat help by pressing the 24 hours live chat button in the lower left hand corner of the screen. It is one of the most innovative support tools we have ever seen. The support does not start and end with the live chat feature either. There is also phone, Skype or direct sharing help also. Their support also can be accessed in several languages such as Polish, Russian, English, Czech and German.
The great TechFinancials Platform not only helps with trading but it makes banking a snap too. You will find few web brokers whose banking is as fast, easy and safe as the Exbino system. Add to that the fact the site is regulated in Montenegro and that makes banking even more safe and secure. All the transactions on Exbino are encrypted and the funds are held in accounts of Montenegro, Switzerland and Poland.
Deposits and Withdrawals
There are a variety of different ways to make deposits on Exbino. The easiest way is by credit as is the case with most binary options brokers but other methods such as Visa, Skrill Moneybookers, MasterCard, Sofort, Bank Wire Transfer, and Neteller can be used also. The minimum deposit to open an account is a low 150 Euro. Many of these types of deposits are credited immediately to the traders account.
The withdrawal process is very fast and easy also. Remember, if you trade with Exbino be sure to note the number of free withdrawals you have each month in order to avoid charges; as a reminder this depends on your account type. The minimum withdrawal on Exbino is 25 Euros.
One strange thing about Exbino withdrawals is that they only process them on Mondays, so if you need your money fast and it is Tuesday it will take a while to get the payment. Withdrawal fees are only $10 after the number of free ones you have are used up.
What Do We Think?
Exbino is a pretty good site to trade on despite a few minor nuisances. It is a web broker that will satisfy anyone who trades with them for sure. When you look at the overall quality of the website you can see what a thoughtful and in tune binary options broker they are.
The innovative support system they have in place is definitely one of the highlights of this review too; it is a great thing when a broker offers support in so many different ways. It is also a site that has fully encrypted banking practices which gives each trader the peace of mind that their sensitive information will always be safe and secure. Any binary options investor would do well to use the Exbino website as their binary options broker.
Customer Service: Live Chat / Email: [email protected]
Is Exbino a Safe Broker? 2020
Trader opinions on Exbino
Exbino was one of the first brokers on the European market, with the great accent on the Polish market. This is the only broker that provides full support on the Polish language, but also in English, Russian, Czech and German. Exbino has been online since 2020, and ever since, FBO didn’t receive any complaints or accusations on their behalf.
All these features provide a great trading experience that traders appreciate. The secure trading environment is more important than ever, and through the years, Exbino proved itself to be a safe and reliable broker. Maximum returns of 90% and unlimited maximum bonus will increase traders’ liquidity and provide additional funds for further investments.
Is Exbino a scam?
Exbino was founded in 2020, and till today has become one of the most European brokers. The European market is extremely harsh towards bad brokers and has zero tolerance to scams, so only the serious brokers can survive harsh rules, and Exbino is one of them.
Even though it’s not regulated, Exbino provides amazing trading experience. Safe money transfers and great customer service, accompanied with experienced specialists behind Exclusive LTD provide the transparent trading environment, completely free of scams. Unfortunately, nowadays we often witness that not only unregulated brokers can be scams, but regulated as well. Exbino is a legit broker that respects all the ethical standards and has very clear terms and conditions available on the bottom of the page.
Till today, Exbino received no complaints or accusations on this broker. Exbino is a bright example of how broker sholud behave, and they are even proud owners of FBO Secure Binary Options Broker Certificate. This Certificate is awarded only those brokers who respect our strict rules of conduct and provide the best service. It is awarded for limited time of one year, so traders can be sure they are choosing the right broker.
Safe payments with Exbino
Exbino is a broker that offers a variety of payment methods for depositing and withdrawing funds. It is good to know that minimum deposit with this broker is 150 EUR while minimum withdrawal is only 25 EUR. Exbino has some limits when it comes to depositing: the weekly limit is 5000 EUR, and monthly limit is 10,000 EUR.
Demo trading available on Exbino
Exbino is one of the very few brokers that offer a demo account. Demo accounts are great as they help traders to get familiar with the platform, but also to experience binary trading for the first time.
Can you use option Builder on Exbino?
Option Builder is a very popular feature that many brokers provide. It enables traders to customize their trades in order to fit their individual trading styles. Unfortunately, Exbino doesn’t provide the feature of option builder, but can fulfill traders’ needs in many different ways.
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Exbino (Inactive) Review
Exbino is no longer operating as a binary options broker. The review presented below is no longer applicable and is presented for archive purpose only.
Exbino is a relatively new binary options broker; the website was founded in 2020, like many other binary options websites, but doesn’t appear to be as well known or far along in establishing itself. When you first load the website, it will be in Polish, but you can translate it into English, Russian, French, Spanish, Italian, German, or Portuguese. The site is owned by ExBino Ltd., and is based in Cyprus. On the “Contact Us” page you’ll notice that the site lists its owner as S.O. SpotOption Ltd. This isn’t meant to be deceptive; this is the brand of trading platform that powers the site. It’s simply a poor translation. The ChargeXP icon appears at the bottom of the page as well, but the site doesn’t seem to have any relationship with that company except partnership. This is a website that could definitely use some more clarity and transparency before we recommend them. There are also some problems with fees and withdrawals.
You may deposit either in British Pounds, Euros, or US Dollars when you open your account. The company does accept USA traders. You can deposit as little as $100 or equivalent to get started—but there’s a really good reason not to, as you’ll see in just a bit. You can deposit using credit card, wire transfer, Skrill, or CashU. There are no information on tiers when you sign up, and the site doesn’t offer you a bonus or show you the bonus amounts until you actually make a deposit. This is a pretty poor design since it doesn’t tell you what kind of benefit you can get if you deposit more than the minimum. Referral bonuses of $50 are available to members.
Fees and Withdrawals
Withdrawals and fees are problematic. We’ve never seen more fees on a binary options website than we found on Exbino. There is the standard fee for withdrawals made by wire transfer ($10), but there is also a $10 fee to withdraw using credit card, and presumably any other method as well. So you will always pay money to withdraw money. Not only that, but there is a $25 fee for any wire transfer deposit less than $500. Furthermore, there is a huge minimum withdrawal limit. You have to withdraw $200 or more to even get at your money. There are no fees mentioned for withdrawing less, so we have to assume this is an absolute limit. That means that if you deposit $100, you literally won’t be able to withdraw your money unless you are profitable—so profitable you double your bankroll. And while you may think you’re going to strike rich when you start trading binary options, you should be realistic. Odds are you’ll strike out.
And do you really want to throw money at a company that’s hoping you’ll deposit less than you can withdraw and then lose your deposit without even a chance of getting it back? You literally have to trade if you want that deposit back. You can’t change your mind and take your money out. And you can’t trade a couple of times and get your money out. Your money should be your money.
Trading Features on Exbino
You can trade up to 80 different assets on this site, including currencies, commodities, stocks, and indices. The minimum trade amount isn’t listed on the site (or off of it), so we sent an email and will update when we know it. The lowest amount we could find on the available trades was $50. This doesn’t seem realistic, but considering the stringent terms surrounding withdrawals, it’s entirely possible this is the minimum for most trades (probably not 60 Seconds trades). The maximum is $1,500.
Types of trades include High/Low, Option Builder (where you can set the terms of your trade manually), One Touch, and 60 Seconds. You can expand your investment by using the double up or rollover tools which are provided to you.
Trading Resources and Customer Service
Along with double up and rollover, the site lists expiry rates, but no other trading tools are provided. Educational resources on the site are basic: a glossary, FAQ, and some basic how-to pages. Once you register you can receive a free eBook and an instructional video. This is again very basic. There are no advanced features mentioned, and since there are no account tiers listed, we don’t think that the educational materials extend much further than this. This further confirms our impression that this is a company looking for casual investors who will forfeit their initial investments.
Customer service options include live chat, email, web form, and phone. You’ll find the phone number listed next to the little flag icons in the upper right hand area of the page (below the “Contact Us” and “About Us” links). It’s not labeled as a phone number, but clicking on it takes you to the contact page where you can use the email or web form. When we tried using live chat, we were told we were ninth in line. We waited half an hour and never moved a single spot.
Not a Promising Site
This website makes us leery for a number of reasons, and for the time being, we suggest steering clear. The difficulty accessing live chat, the poor quality of the resources, the missing bonus information, the absent account tiers, and the gaps in site information are all red flags. The biggest deterrents however are the terms surrounding withdrawals and fees.
This website is hoping you will make the minimum deposit ($100) without even noticing the minimum withdrawal is double that. Most binary options traders will lose money before they make money, even those who will go on to be successful later. It’s a hard fact of the business. Exbino is doing its best to make sure the house always wins. Look for another broker which maintains a well-organized website with clear information and which isn’t counting on you ignoring the terms of service or trade with overconfidence. There’s no reason to lose more money trading than you have to. Trading with a site like this one will cost you.
Beste Broker fur Binare Optionen 2020: