BinaryMate Broker Review + Bonus and Free Webcam Support

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Full Review about BinaryMate

  • Mobile Platform: Yes
  • App: Yes (Android and IOS)
  • Live Chat: Yes
  • Trading Account – Bronze, Silver, Gold, Fixed Income Account
  • Deposit Methods: Visa, Mastercard, PayPal, JCB, American Express, Union Pay, Netteller, Perfect Money, Webmoney, Qiwi Wallet, bitcoin, OK PAY, Alipay and SKrill
  • Minimum deposit: 250 USD € £
  • Bonus +100%
  • Demo Account
  • Withdrawals: in 3 days

General Information about Finpari

Binarymate is a newcomer to the scene, they only started trading in 2020 but have already achieved a good level of publicity and success; alongside the above reasons this broker is working hard to provide a good range of trade options and the latest in technology combined with good customer support advisors. The technology which supports them is live video chat. You can opt to speak to an advisor one on one or simply as part of the open forum where others can join in. The support team will help every trader become established and are available twenty four hours a day if needed for anything.

Binarymate Review – Live Webcam Binary Options Trading

Although a recent entrant to the binary options trading industry, BinaryMate is already making waves among binary traders in the online trading community. This is because this binary options broker is said to have the shortest withdrawal processing time. On its website, BinaryMate claims a withdrawal time of one hour. In an industry where the average withdrawal time ranges from 3 business days to 7 days, this offer to process all withdrawal requests in just an hour has taken the binary options trading community by storm. If you are tired of your current broker who is taking ages to process your withdrawal requests, perhaps it is time to give BinaryMate a try. To find out what else BinaryMate have to offer, please check out our in-depth review of this broker below.

If you are tired of your current broker who is taking ages to process your withdrawal requests, perhaps it is time to give BinaryMate a try. To find out what else BinaryMate have to offer, please check out our in-depth review of this broker below.

Company information

BinaryMate is an online binary options trading platform that is managed by a company called Suomen Kerran LP. The management company is based in Edinburgh, Scotland and has its registered office at Centre Office, 58A Broughton Street, Edinburgh. Newly established, BinaryMate offers their clients online binary options trading services to more than 160 different types of financial instruments. In addition, they also offer a wide range of generous bonuses starting topping at a maximum of $100,000. And with their 24/7 support service manned by a team of multi-lingual customer support representatives, you can be assured of getting assistance whenever you need it.

Trading Platform

BinaryMate’s trading platform is web based and requires no software download or installation. The user interface is well designed and looks uncomplicated as well as slick. One of the main attractions of binary options is the fact that it is simple to understand and to trade with, a fact that is maintained with the way BinaryMate has designed their trading platform. The price chart is prominently displayed together with the expiry time ensuring that all the critical trade information are within sight. Once you have placed your trade, the price chart will be updated to show your position. Another plus point about BinaryMate’s trading platform is the fact that you can place multiple trades with the same chart.

Mobile platform

To cater for traders who wish to trade on the go without being desk bound, BinaryMate has also provided mobile optimized versions of their web based trading platform. Available for download at Google Play Store and Apple’s App Store, these mobile apps essentially have the same trading features as the web based version. For example, it has live charts for every instrument that is available for trading and the apps also allow traders to review their entire trading history on their smartphones.

Assets available

In terms of underlying assets which are available for trading at BinaryMate, there are more than 160 different types of instruments spread across 4 major asset classes; namely currencies, commodities, Equities and Indices. This is actually a pleasant surprise for us as it is rare for new binary options brokers to be able to support such a wide coverage of underlying assets. Nevertheless, the fact that BinaryMate has been able to do that shows that the broker is serious about building up its brand in the binary options industry.

Equities: 3M, AIG, ALIBABA, ALPHABET Inc (Google), AMAZON, ANZ BANK, APPLE (US), AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BHP-AU, BLACKBERRY, BOEING, BP, BRITISH AMERICAN T, CARNIVAL CRUZE, CATERPILLAR, CITI (US), CK HUTCHISON, COCA COLA (US), COLGATE-PALMOLIVE, DISNEY, EBAY, EXXON MOBIL, FBP, FACEBOOK, FERRARI, GAZPROM (RUSSIA) GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GROUPON, HSBC HOLDINGS (LONDON), IBM, INTEL, JOHNSON & JOHNSON, JP MORGAN CHASE, LAS VEGAS SANDS, LLOYDS BANK, LUKOIL (RUSSIA), MASTERCARD, MAZDA MOTOR, McDONALD’S, MICRON, MICROSOFT (US), NETFLIX, NIKE (US), NISSAN MOTOR, PFIZER, RIO TINTO, RIO-AU, ROSNEFT’, S.BANK INDIA, SALESFORCE.COM, SBERBANK (RUSSIA), SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS (INDIA), TATA STEEL, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA PHARMA, TOSHIBA CORP, TOYOTA (US), TURKCELL (TURKEY), TWITTER, VODAFONE, VTB BANK, WAL-MART, WEIBO, WYNN RESORTS, YAHOO, YANDEX N.V.

Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, AUD/USD FUTURE, BitCoin/CNY, BitCOin/USD, CAD/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/JPY FUTURE, EUR/NZD, EUR/RUB, EUR/USD, EUR/USD FUTURE, GBP/CAD, GBP/CHF, GBP/JPY, GBP/RUB, GBP/USD, GBP/USD FUTURE, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/JPY FUTURE, USD/RUB, USD/SGD, USD/TRY, USD/ZAR.

Indices: ASX, ASX F-DEC16, BOMBAY SE, CAC, CSI 300, DAX (GERMANY), DOLLAR INDEX-DEC16, DOW (US), DUBAI, FAZ-SHORT BANKS(ETF), FTSE 100 (UK), FTSE 250, FTSE F-DEC16, FTSE MIB F-DEC16, GERMANY 10YR-DEC16, HANG SENG (HONG KONG), HANG SENG F-SEP16, IBEX, IBEX F-OCT16, ISE 30, KL FUTURE, KUWAIT, MICEX 10, MSM 30 (OMAN), NASDAQ (US), NIFTY F-SEP16, NIKKEI225(JPN), RTS, RUSSELL 2000, S&P 500 (US), SHANGHAI COMPOSITE, SMI, SSE180, TADAWUL, TEL AVIV 25, TOPIX, TSX 60.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Commodities: Coffee, Gold, Gold Future, Gold/EUR, Oil ( Light Sweet Crude), Oil Future, Platinum, Silver, Sugar.

Trading Accounts, Bonuses& VIP Programs

At BinaryMate, traders have 3 types of trading accounts to choose from, Bronze, Silver and Gold.

Bronze Account

  • Minimum Deposit $250
  • Live Chat Support
  • Demo Account
  • 20% Deposit Bonus
  • 1hr Withdrawal Processing Time

Silver

  • Minimum Deposit $1000
  • Live Chat Support
  • Demo Account
  • 50% Deposit Bonus
  • 1hr Withdrawal Processing Time
  • Master class (web session)
  • 3 risk free trades

Gold

  • Minimum Deposit $3000
  • Live Chat Support
  • Demo Account
  • 100% Deposit Bonus
  • 1hr Withdrawal Processing Time
  • Master class (web session)
  • 3 risk free trades
  • Swiss prepaid card
  • Personal success manager

Deposits and Withdrawals

For the convenience of their traders, BinaryMate has provided several payment methods which traders can use to deposit and withdraw their funds with. These include the following:

  • Credit/Debit Cards (VISA, MasterCard, JCB)
  • eWallets (UnionPay, Neteller, Skrill, Perfect Money, WebMoney, QIWI, Yandex, bitcoins, OKPAY, Alipay)
  • Bank wire transfer

As mentioned earlier, BinaryMate only takes up to an hour to process a withdrawal request. However, traders should bear in mind that it takes as long as 5 to 6 workings days before the entire withdrawal process is completed. BinaryMate does not charge any transfer fee for withdrawal except where it is done through wire transfer. If a withdrawal is done through wire transfer, there is $50 transfer fee. Take note there is a minimum withdrawal amount which is $50.

Customer support

The customer support service at BinaryMate is provided on a multilingual basis 24 hours a day and 7 days a week. Various channels of contacting customer support is available and traders can request for assistance through call back or contact them directly on the telephone using the following telephone support numbers provided:

  • Australia (61-8-5550-7288)
  • Chinese (3-395-0396)4
  • English (+1-829-9548077)
  • Russian (+7-499-7033774)
  • Singapore (965-65425142)
  • Thai (02-21345671)

However BinaryMate’s customer support goes one step further than what other binary options brokers have so far been able to provide. What sets BinaryMate’s customer support apart is the fact that they have advanced video assistance support integrated onto the binary broker platform.

The video chat offers traders the ability to view who they are actually talking to on the live video support channel. In addition, the conversation can be broadcasted to a group under “group chat” or remain confidential under “Private chat” mode.

Extra features and resources

In terms of extra features, BinaryMate does not seem to have any apart from the integrated live video support system. The platform also seems to be lacking an educational academy which beginner traders can access to improve their trading knowledge.

Verdict

Overall, we were quite impressed with what BinaryMate has to offer to traders. Despite the fact BinaryMate is a new broker, it has shown that it is capable of competing with other more established brokers in the industry. The fact that they are able to guarantee that a withdrawal request can be processed in under an hour is already impressive enough. With regards to their live video customer support, it is a first for the binary options trading industry. For the very first time, traders will be able to actually see who they are talking on the other end of the line. Regardless of whether you are beginner trader or an experienced trader looking for broker, we recommend that you give BinaryMate a try.

Pros

  • Fast Withdrawal
  • Generous Bonuses
  • User Friendly Trading Platform
  • Wide Range Of Underlying Assets
  • Multilingual Support

Cons

  • No information on regulatory oversight
  • One support High/Low options
  • What is “First 3 risk free trades”?

With the First 3 risk trade bonus, you will be compensated with a trading bonus equivalent to what you lost for your first 3 trade loses. For further information, you can contact customer support.

  • What are the payment methods supported by BinaryMate?

BinaryMate have provided traders with the following methods of fund transfers:

  • Credit/Debit Cards (VISA, MasterCard, JCB)
  • eWallets (UnionPay, Neteller, Skrill, Perfect Money, WebMoney, QIWI, Yandex, bitcoins, OKPAY, Alipay)
  • Bank wire transfer
  • What is the minimum and maximum deposit requirement?

The minimum deposit requirement is $/€250 while the maximum is $/€50000.

  • How fast can my withdrawal request be processed?

All withdrawal requests at BinaryMate are typically processed within an hour. This is provided that all the verification documents are in order.

  • How can I open an account at BinaryMate?

To open an account at BinaryMate, simply to “Open Account” and fill in the registration form with all the required details.

  • How do I close my account at BinaryMate?

To close your trading account at BinaryMate, simply email your request to [email protected] . Once the account closure process has been completed, you will receive a confirmation email from BinaryMate.

  • The information that I seek is not available in the FAQ.

Should you require any further information, you can always contact customer support for assistance.

BinBotPro Review – New Trading Robot

You may have noticed that there are not a lot of binary options “robot” reviews on our site. This is because the vast majority of auto-trading programs are flat-out useless.

Most of the trading “experts” who put them together are only experts at one thing: selling their services.

But BinBot PRO is different; it is the proprietary trading robot developed by the company that runs Finpari and BinaryMate. As these are two of our trusted binary options brokers, we definitely wanted to check out their trading robot and see what kind of value it offers traders.

What is BinBot Pro?

If you are not familiar with trading robots, you may be a little confused about what BinBot PRO is.

As a trading robot, or “bot”, BinBot PRO is a software program which trades on your behalf.

BinBot PRO is programmed with algorithms which help it to spot trade opportunities.

All you have to do is select the settings you want, and BinBot PRO will automatically trade for you while you kick back and relax. BinBot PRO works even when you are away from your computer.

In short, BinBot PRO takes the hard work out of trading.

What Does BinBot Pro Cost?

The answer here could not be simpler: nothing. 100% free.

That’s right, according to the BinBot Pro homepage, there is “No fee, nothing to buy, no hoops to jump through!”

You will not pay a dime to access this service.

What’s the Catch?

Choose from Binarymate (US friendly) or Finpari

Nothing is really free, right? Well, you are right —there is a catch. But it is a typical one, not a bad one.

In order to use BinBot Pro, you need to be a registered trader at either BinaryMate or Finpari. That means you need to make the minimum deposit at either broker and start trading.

This is quite common with free binary trading robots. Many of them either are proprietary or partner with certain brokers, offering their services only to the customers of those brokers.

What is great about BinBot Pro is that they are totally up-front about that on the homepage. A lot of other trading robots conceal this information until you are halfway through the registration process.

BinBot Pro is not going to waste your time; if you do not want to trade at Finpari or BinaryMate, there is no reason to register. But if you do want to trade with one of those brokers, you get free signals to help you trade.

How to Get Started On BinBot Pro

If you do want to move forward with BinBot Pro, you need to click on the green “Registration” button in the upper right-hand corner of the BinBot Pro homepage. You will also find a duplicate green “Registration” button right under the heading.

This will take you to a short form where you input your first and last name, phone number, account currency, email address, and password. Here you can also choose your broker. Here is a little more information on each:

Finpari

Minimum deposit: $250

Minimum investment amount: $10 (it says $1 on the BinBot Pro website, but I think this is a typo; on Finpari’s website it says $10)

Maximum returns: 90%+

USA traders not accepted

BinaryMate

Minimum deposit: $250

Minimum investment amount: $1

Maximum returns: 90%+

USA traders accepted

Live webcam trading with beautiful account managers

Both of these brokers offer extra features like a demo account, web courses, risk-free trades, high bonuses, and trading contests. Learn more about them in our reviews.

What if you are already a member of Finpari or BinaryMate? If that is the case, I would contact customer service and ask them about getting started with BinBot Pro. They can probably get you set up manually.

How BinBot Pro Works

Once you have registered with Finpari or BinaryMate, you need to make your initial deposit. You are then ready to start trading with BinBot Pro.

Using BinBot Pro could not be easier. There are three simple steps:

1. Once you are logged into BinBot Pro, you will see a section in the lower left-hand corner of your screen for “Top 20 Robots.” Here you can select a robot to use. Profit estimates are provided for each. The robots have names like Bolly Band Bounce, RSIMA Cross, HP cycles and Rising East v1.2, which seem to give some indication as to how they generate signals and what assets they are for.

2. Once you have selected a robot, a screen will open which allows you to start the robot. You can hit “Stop” at any time. Next to that is an “Add Balance” button if you wish to deposit more money directly through the robot interface.

3. Watch your profits stack up! (or losses go down) You can see your current balance in the upper left.

BinBot Pro Features

Multiple robots are available to use. Many auto-trading programs only offer one robot.

You can run any of the robots in demo mode before you try using it live.

You can create custom robots as well which will trade on your behalf according to your rules. There are only a few assets and indicators you can use for this, so it is a pretty restricted feature right now, but many trading robots do not even offer anything like this.

That is it as far as features go. BinBot Pro is pretty bare-bones; you will not find a lot of bells and whistles here. But the platform is intuitive and the available features are easy to use.

Does BinBot Pro Deliver? Is BinBotPro Legit?

This is where it is impossible to say anything definitive. Unfortunately BinBot Pro does not publish past results. This is actually quite a significant drawback, since you are basically just taking a shot in the dark with these robots.

Because Finpari/BinaryMate has a reputation to defend, we are assuming that BinBot Pro delivers, but you may want to fund your account with the minimum when you are testing these robots.

Robots can and will lose money if the setting you apply end up not being ideal. I know that in this industry we would be naive to believe that any automatic trading ‘robot’ is going to crank out profits for us just by clicking a few buttons once and then going to the beach.

If you work with Bin Bot Pro, I am confident that you can fine tune it to be a winning trader. It isn’t simple or easy to constantly pick winners though, even for our robot overlords.

BinBot Pro Customer Service

This is another area where BinBot Pro is less than impressive. On a weekday during standard market hours, the live chat desk was unstaffed. I waited ten minutes, and then the chat window converted into a “send us a message” form window. This makes me wonder if or when the chat desk is ever staffed.

BinBot Pro Pros

BinBot Pro is entirely free to use.
While you have to open an account at one of BinBot Pro’s brokers, they are transparent about this on the homepage, and the two brokers are both on our recommended list.
There are a number of robots you can use, and you can demo them all first.
You can create your own custom robots.
BinBot Pro is ridiculously easy to use. Registering is fast and easy, and the interface is simple and streamlined.

BinBot Pro Cons

There is no information about the past performance of the robots.
Customer service seems to be a bit absent.

Conclusion: BinBot Pro is a Useful Free Tool for Finpari and BinaryMate Traders

While I am not impressed by the lack of past performance data or the missing customer service, BinBot Pro does have a lot of cool features. Considering it is an entirely free tool for customers who sign up for two top-shelf brokers, I would definitely recommend giving it a try if you will be trading on Finpari or BinaryMate. Because there is no performance data right now, I do suggest that you trade with the minimum to start. That way you can see for yourself how the robots perform before you risk large amounts of money.

BinaryCent Review

Overview

BinaryCent CRYPTOCURRENCY, BINARY & CFD BROKER! 250$ Minimum Deposit & 10 Cents Minimum Trade Size only at BinaryCent Broker! Founded in 2020, BinaryCent is a binary options broker located at 309&310… more

Details

Broker BinaryCent
Website URL https://secure.binarycent.com/tiny/fEtgB
Founded 2020
Headquarters Binarycent as the Company, operated by Bernatex Inter S.A., having its registered office at 309&310 Office, Albert Street Victoria, Mahe, Seychelles
Support Number 1 English +1-829-9476378; 2 Russian +7-499-3806317; 3 Chinese 3-395-0396; 4 Thai 02-21345671 5; Singapore 965-65425142; 6 Australia 61-8-5550-7288
Support Types Live Chat , Email , Phone
Languages English , Русский , Español , Français , العربية , Deutsch , ไทย , Português
Trading Platform Owner
Minimum 1st Deposit 250$
Minimum Account Size 250$
Minimum Trade Amount 0,10$ (ten cents)
Bonus up to 100% Deposit Bonus + First 3 Trades Risk Free! CRYPTOCURRENCY, BINARY & CFD BROKER!
Payout up to 90%
Leverage 1:100 for CFD Trading
Free Demo Account
Deposit Methods Credit / Debit Cards , Netellet , BitCoin , Etherum , Skrill , Wire Transfer , and more E-Wallets and Altcoins
Expiry Times Starting from 60 Seconds
Types of Assets Currencies , Currencies , Stocks , Crypto
Option Types Turbo , Intraday , Long Term , CFD Trading
Account Currency USD , Euro
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9/10
  • A True CRYPTOCURRENCY, BINARY & CFD BROKER
  • USA Customers Welcome

Full Review

CRYPTOCURRENCY, BINARY & CFD BROKER! 250$ Minimum Deposit & 10 Cents Minimum Trade Size only at BinaryCent Broker!

Founded in 2020, BinaryCent is a binary options broker located at 309&310 Office, Albert Street Victoria, Mahe, Seychelles.

You can start trading binary options on Binarycent platform even from $250. It makes Binarycent trading platform affordable for everyone.

Minimum trade size is only 10 cents. You can train your binary options trading skills with minimal risks.

BinaryCent is a CRYPTOCURRENCY, BINARY & CFD BROKER where you can deposit using 15+ altcoins, such as Dash, Monero, Bitcoin, Litecoin, Ethereum and others.

Broker Bonuses & Advantages BinaryCent:

  • 250$ Minimum Deposit
  • 10 Cents Minimum Trade Size – Click Here To Open An Account
  • up to 100% Deposit Bonus
  • First 3 Trades Risk Free – Money Back If You Will Lose
  • CRYPTOCURRENCY, BINARY & CFD BROKER
  • Demo Account after only 100$ Deposit
  • Guaranteed withdrawals processing within 1 hour
  • Non-stop trading, even over weekends
  • 100% secured trading with full data protection
  • 24/7 Customer support – their service team is constantly available and provides multilingual support.

The trading environment of the brokerage is also encrypted and secure, guaranteeing the safety of your personal information and funds. There are no indicated problems with withdrawals and the customer support is always online to answer your questions. The impression of the brokerage is very good and I would recommend it as a good choice for people who cannot afford to make a higher initial deposit.

Advantages of the Binary Cent

One of the greatest advantages of the Binary Cent brokerage platform is the wide variety of payment methods you can choose from. These include debit and credit cards, e-wallets and wire transfers. Almost all of them take just up to one hour for the funds to be transferred from your trading account to your personal account when withdrawing.

Binary Options Brokers

If you are looking for the best place to trade binary options with a Canadian friendly binary option broker then you are at the right place. Or, if you have recently learned about binary trading and wanted to learn more before trading real money, we will help you find a broker you comfortable with. If we do say so ourselves, consider yourself lucky to have found Binary Options Brokers.ca. A good place to start is our guide on how to choose a broker. Or you can read through our useful articles on trading binary options. If you are ready to start trading, our recommendations are below. Updated for 2020

The Top 5 Canadian Binary Options Brokers 2020

  • Live Webcam Traders
  • Excellent Customer Service
  • Low Minimums on trades and deposits
  • SpotOption Trading Platform
  • Best Live Customer Support
  • $250 Minimum Deposit
  • 80%+ Payouts
  • CA Traders Accepted

I know my list is missing a few spots. There are very limited choices of quality binary options brokers open to Canadians. We only list a select few as the choices you see above. You can read reviews to learn more information but it is advised that you visit the site above you are going to review so you can experience the site as you review it. You have probably seen advertisements for many, many brokers if you have been looking at trading binaries online. The truth is you won’t have trouble finding firms willing to open a trading account for you and let you deposit money. There are not as many who are reputable, regulated, legit and fair. It’s true, even some of the more heavily advertised brokers have done their fair share of shady things. Of the many firms that welcome Canadian traders, there are only a few we recommend. The rest fall into one of two categories: questionable or unacceptable.

We recommend that you stick to the few binary options brokers in Canada we know to be trustworthy, reputable, and fair. We have spent hundreds if not thousands of hours researching and investigating the binary options industry and our team keeps up with what is going on today. Instead of trying to focus on every broker possible, we only list a small group of high quality and reputable brokers that serve Canadian traders as well as traders from around the world.

Is it possible to trade binary options in Canada without running into legal issues? Can you get involved with trading these instruments without fear of fines and other penalties? Yes you can trade binary options from Canada. There are numerous Canadian binary options brokers that welcome traders living in Canada.

The bottom line is that trading binary options in Canada is legal. Similar to participating in the forex market. Having said that, you should conduct your own due diligence with respect to the laws in your province or territory. Each province maintains its own set of regulations with respect to financial transactions. Regulations put into effect by the British Columbia Securities Commission (BCSC) are bound to be different than those introduced by the Ontario Securities Commission (OSC). Together, they likely differ from the regulations overseen by the Alberta Securities Commission (ASC). These disparate agencies work together via an organization called the Canadian Securities Administrators (CSA).

The Rules & Regulation & Risks Of Binaries

Consider how easy it is to buy stock in a company. You can call your broker and place the trade over the phone. You can even do it online. As long as the funds for the trade are available in your brokerage account, executing the transaction is essentially a non-issue. But there are myriad regulations that dictate the entire process. The fact that you don’t think about them doesn’t mean the industry is any less regulated. The same is true for trading binary options.

Binary Option Trading Is A Business Of Risk. You can lose your entire investment. Never deposit more than you can afford to lose.

Executing binary trades is simple and normally problem-free. You can do it online for contracts that go live within moments of putting in your trades. As long as the funds are available in your account, you’ll realize a profit or loss based on the outcome of the contract. You can see exactly the steps involved with executing a trade on this webpage. But while there are countless regulations limiting what traders in financial instruments can and cannot do, binary options are simple by nature. There are a lot of laws that address the process – again, based on your province or territory – but there’s rarely a need to worry about them. Because trading is so simple, and the contracts themselves are simple, the odds of doing something that runs afoul of the law is minimal.

Below, we’ll discuss the reasons many Canadian binary options brokers are actually located outside the country. Most brokers are located in Europe

Are Any Brokers Located In Canada?

If you have looked for binary options brokers in Canada, you’ve probably realized that very few firms are actually headquartered in the country. The majority of brokers that welcome Canadian traders are located outside Canadian borders. The reason for this involves how binary options are regulated.

In Canada, the provincial and territorial regulations make it difficult for small investment companies to maintain consistency for all of their clients. After all, what is fine in Ontario may be unacceptable in British Columbia. Transactions and operations that are agreeable in B.C. might be unacceptable in Alberta, Manitoba, or Saskatchewan. The point is, regulatory differences between the various provinces and territories force binary options brokers in Canada to tailor their operations to the area in which they are located. That complicates things, which, of course, carries a cost.

The solution many of the top brokers have chosen is to maintain their headquarters in EU countries with better structured and less restrictive regulation like Cyprus, Malta or the Isle of Man (the UK). The regulatory environment is relaxed, which allows the firms to focus their effort on meeting the needs of their respective customers. From the perspective of someone living in Canada, there are pros and cons that accompany this arrangement.

The Good On the one hand, firms not directly regulated by Canadian agencies have more flexibility with their operations. They could potentially take their customers’ money and run, disappearing into the night. Traders would have less recourse than would be the case if the brokers were closely monitored by agencies in Canada. Stories like this have happened in the past and with the popularity of binary trading today, we fully expect it to happen again. This is why it is important to trade with a reputable, trusted broker.

The Not So Good On the other hand, such cases are rare, and even nonexistent. The top-rated brokers (refer to our list for recommendations) are invested in building long-term businesses. In order to do that, they need to earn the trust of their customers by consistently delivering top-notch service and maintaining a stellar reputation. They can do so from outside the country’s borders, such as in places like Cyprus. In fact, remaining outside Canada – and beyond the demanding oversight of Canada’s financial regulatory agencies – is arguably the best way to cater to Canadian traders’ needs.
You see, binary options brokers as a group are some of the most unsavory, unscrupulous and shady group of cheats in quite some time.

Luckily, there are a small group of legit binary options brokers.

The relatively young history of binary options trading is marred with countless scams, cheats, crooks and liars. It’s the truth. Many traders have lost thousands of dollars by trading at binary options sites that turned out to be scams. If you are not trading at a honest, reputable broker then there is no way to make money.

More About Digital Option Trading
Trading binary options is different than stock trading. You do not actually purchase any shares of the underlying assets when trading binary options. You only predict which way the price moves. If you predict correctly you win your trade. It’s that easy.

  • You bet on price movement
  • Magnitude of movement is not a factor in your return
  • Options finish in the money, or out of the money (one or the other)
  • Trade as fast as 60 seconds (extremely risky) or more traditional, longer timeframes
  • Fixed risk and fixed reward
  • Easy compared to forex

Another way binary trading is different than typical stock trading is that the amount of movement in price is not a determining factor in how much return you make on your trade. All you care about is if your prediction of up or down is correct. How much up or how much down does not affect how much return you make. If you predict correctly by one cent it is the same as if you predicted correctly by $10 dollars. Magnitude of movement does not affect your return. *Some types of binary options, like touch/no-touch or range options, are dependent on magnitude of movement but only as to the point where it makes your trade a winner or not.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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How To Choose Binary Options Broker
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