The Best Binary Options Broker 2020!
Good for Beginners!
Free Education + Free Demo Account!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
FTrade review will tell you more about the company profile, its history, account types and used trading platform. This binary options broker has appeared only less than 2 years ago, yet it could provide quite nice conditions and this is why it has captured some of the traders. Continue reading FTrade review to find out more about this broker! Looking for a good broker? Try FTrade!!
Min. Deposit: $200 Demo: No
Platform: SpotOption Bonus: N/A
Regulation: N/A US Clients: No
FTrade Binary Options Broker Review: About The Company
FTrade is a relatively new binary options trading company that was established in 2020 and has offices in the UK and Anguilla. They have over 100 employees between the two offices. FTrade has not yet obtained a license, so we cannot say that it is one of the leading Binary Options trading companies.
Why is that? Maybe it is because FTrade has not succeeded in developing both a great innovative trading platform. FTrade does not provide a comprehensive customer solution that includes poor education and average customer support. If you would like to risk – this company should definably be checked-out, otherwise we would recommend you to settle with a regulated and licensed broker – 24option.
FTrade Binary Trading Platform
FTrade claims that their trading platform is one of the most advanced, innovative binary trading platforms in the market today. However, FTrade is certainly not an industry leader in the effective use of the technology, they simply provide a SpotOption platform and nothing extra. Also they claim to stay ahead of the trends to give you the most technologically advanced trading platform on the market, but this is all rather a fluffy stuff. As you may imagine, this is all a marketing gig and it doesn’t correspond to reality. FTrade supplies you with just a SpotOption platform. Even though this is a great platform, FTrade shouldn’t be credited for how good the platform is, this binary options broker just made a good technological choice.
As usually, FTrade SpotOption platform is web based and does not require any downloads. It is streamlined and very user friendly. Best of all, FTrade SpotOption platform can be used on smart phones and tablets so you can trade, any-time anywhere. The platform is available in English, Russian and Arabic. Most of the brokers would provide a larger scale of supported languages.
The Best Binary Options Broker 2020!
Good for Beginners!
Free Education + Free Demo Account!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
FTrade Binary Trading Instruments
At FTrade you can trade hundreds of assets including: currency pairs, metals, indices and stocks, long term, 60 seconds, one touch and ladder. Stocks include: Google, Apple, IBM, Microsoft, Coca Cola, EBay, and many more. Currencies include EUR/USD, EUR/Rub, USD/JPY are big trading items. There are indices from around the world. A detailed list of all the available assets, their descriptions, expiry times, symbols and trading hours are in the Asset guide on FTrade’s home page.
The minimum trade investment for Binary options is $25 but you trading starts at just $5 for the very popular 60 Seconds trades.
Demo (or dummy) accounts are not available. There is some poor training available for newbie traders, but neither beginners nor experienced well-seasoned traders won’t need them.
FTrade Trading Account Types
FTrade provides their clients with a wide variety of resources and benefits in accordance with the account category they choose. Here is a list of the account types that are available. There is something for everyone from a newbie beginner trader to an experienced day trader.
FTrade Mini Account
This is the cheapest account with FTrade binary options broker and it provides you with a little binary options bonus and some additional features:
- Minimum deposit – $200
- Up to 20 percent bonus
- Market reviews
- Learning Center
FTrade Basic Account
Great account offered at FTrade, it is mostly suitable for the starters, as it includes a good educational package.
- Minimum Deposit $500
- Up to 30 percent bonus plus:
- Introduction level Learning Center membership
- One on one Candlestick chart training
- Market reviews
- Learning Center
FTrade Review – Standard Account
This is a standard offer at FTrade available for regular binary options traders. It starts at 1,000 USD and has quite an attractive 40% deposit bonus offer attached to it.
- Minimum Deposit $1,000
- Up to 40 percent bonus plus:
- Advanced level Learning Center membership
- One on one strategy session with a specialist
- Dedicated account manager
- Daily and weekly market reviews
- Money management training
- Learning Center
FTrade Binary Options Review – Executive Account
A great account available for serious binary option traders. FTrade will assist you on trading and supply you with some trading strategies, although Binary Options Hub would advice against that and use proven Binary Trading Strategies available on our site.
- Minimum Deposit $5,000
- Up to 50 percent bonus
- Full Standard Account plus:
- Three trading strategies
- Professional trading analysis
Similar to the previous account, the main difference is that a corporate account could be opened under a name of the company. The minimum deposit for it starts at $10,000. You can also get up to 75 percent bonus.
All accounts are commissions free and are entitled to a welcome bonus as well as free phone line, live chat and email support. On top of that, every single client of FTrade has access to the most up to date and relevant market news and reviews by financial experts.
All accounts are commissions free and are entitled to a welcome bonus as well as free phone, chat and email assistance. In addition, all of FTrade’s clients have access to the most up to date and relevant market news and reviews by financial experts.
You can trade anytime, anywhere from your computer, smart phone or tablet whenever markets are open. You can even open withdrawals from your smart phone.
All of FTrade’s client’s deposits, withdrawals and trading history (all winning, losing and drawn positions) can be viewed in the My Account section of the platform. A client can just login in to their account and select the information they want to see. A detailed account record can be requested by clients.
FTrade is committed to giving excellent customer service. And they believe that every client deserves to be treated honestly, respectively and with dignity at all times. FTrade’s Customer Solutions department can be contacted via email, live chat or by phone at 44-2033181472.
FTrade Review of Deposit and Withdrawal Conditions
Traders can deposit and trade in USD, EUR, or GBP. The minimum deposit in $200 in the clients’ currency choice. Ftrade accepts credit cards, debit cards and wire transfers. They will soon be adding more processing and investment opportunities. It is important to note that FTrade does not charge any fees or commission for deposits or withdrawals.
Opening a withdrawal is easy and painless and takes only three to five business days to process for a fully verified client. All funds deposited by credit card can only be withdrawn to the same credit card. Profits are withdrawn via wire transfer.
FTrade Review of Education
FTrade is a very different type of Binary Options trading firm. They believe that offering their clients’ personal attention as well as all the training and tools needed to make the most educated and informed trading decisions. Their Learning Center is chock full of video courses, E-books, Trading Tutorials, and a Binary Dictionary. Ftrade provides its clients with a personal market analyst, a weekly market update, an economic calendar, personal charts training, and daily trading signals.
FTrade Review Conclusion
Binary Options trading should be exciting and enjoyable. Traders should have peace of mind and not have to worry about whether their money is safe. That is why you should only invest in a reliable company. Even though FTrade is a Binary Options Hub tested broker, it is still not regulated and some may say that it makes FTrade Scam. We are not yet sure if FTrade is a scam or not, but we would not recommend you to deposit with this broker.
FTrade tells a stellar reputation and is one of the fastest growing binary options trading company in the world. All of their client funds are kept in segregated accounts and are completely safe. FTrade’s account offices and systems that are linked to the outside, are completely secured with a unique IP based security system on top of standardized security systems like Secure Sockets Layer (SSL). This is of course not true, as the broker does not have any regulation.
SSL encrypts all credit card payments over the web. This system is automatic, and clients will receive instant notification if their browser does not support it. FTrade’s security system is the same system that is used by PayPal and Amazon and other online financial institutions. NOT! This is again just a joke, FTrade does not provide any security, as the security is supplied on the end of the Payment Processor.
Binary Options Hub would not recommend you to open an account with this broker. As we try to recommend only the best place for online binary trading, we encourage you to sign up with 24 option.
Ftrade Review – is ftrade.com scam or good binary options broker?
|Minimum deposit||Min./ Max. bet size||Payout %||Platform||Regulation|
|$200||$25 / $2500||Up to 81%||SpotOption||No|
Ftrade is a binary options provider, which is connected a company we have previously covered. That being said, the other brand provided a forex trading offering, alongside binary options.
The Company. Security of Funds
|Binext Solutions SRL||Romania||N/A|
Ftrade is owned by Binext Global LTD, which is owned by Binext Solutions SRL. The latter is located in Bucharest, Romania, despite the first one is registered on the Marshal Islands. We know this because our review of the other brand this company runs – 10trading.com. No matter from where this broker is actually being operated one thing remains certain – they are not regulated. This is a big issue for us and we avoid proceeding with caution, when it comes to such entities.
You may or may not be familiar with the topic, but financial regulation is a key component of a broker’s credibility. The financial services industry is inherently prone to scamming – a company can claim to offer a service and instead simply take your money and not provide anything. This is why most countries have specific regulatory bodies, who monitor firms, which are registered with them. One such agency which covers some binary options brokers is the Cyprus Security and Exchange Commission (CySEC).
It enforces a lot of rules upon the companies it oversees. When it comes to the security of your funds two stand-out: the implementation of segregated accounts and the mandatory participation in the local compensation scheme. In short, segregation of client funds means there are certain procedures which must be followed when the broker interacts with a client’s funds – they can’t simply take your deposit and not offer any trading. The compensation scheme is basically an insurance company-like mechanism which guarantees traders’ funds against their broker going bankrupt. The coverage provided by CySEC regulated companies is limited to €20,000.
Trading Options: Binary (Call/Put), Parirs, Long term, 60 seconds, One Touch, Ladder, FX/CFD*
Assets: Currencies, Commodities, Indices, Stocks, Crypto Currencies.
*The FX/CFD option is a mix between an option and spot trading
Minimum Initial Deposit
The initial deposit ar Ftrade must be at least $200. This is a rather high level, when compared to some other binary brokers. As an example FinaCom-regulated Grand Capital, only demands $10 for the creation of a new account.
The minimum value of an option at Ftrade is $25. While this is probably related to the high minimum deposit requirement, it is just as equally inconvenient (or even more so). The reason for this is that a lower bet size allows you to mange your risk better – you are not as dependent on every single trade you make, making your overall results be more closely correlated to your skills, rather than your luck. Other binary brokers, like Grand Capital, have set the minimum at $1.
While the payouts vary, depending on the type of option you choose, most binary options at Frade have a payout of 81%. This is slightly below the current industry average with lots of providers giving around 87%.
Ftrade has implemented the web-based SpotOption platform. While it is a popular a relatively convenient option, it simplicity may not be everybody’s cup of tea. Here is a screenshot, with the explanations, provided by Ftrade on both sides (click to zoom-in):
While a lot of instruments are available on this platform, we can’t speak highly about its charting potential.
Methods of Payment
Ftrade only offers several methods of payment, which include Bank Transfer, Credit/Debit Card and two e-wallets – Skrill and Neteller.
Ftrade is a Romanian binary options provider, operated by the same company which runs 10trading. That being said, the firm does not fall under any financial regulation, which always creates counterparty risk. The minimum deposit and bet sizes are on the high side, which is not that exciting. Additionally payouts are slightly lower than the offers you could find elsewhere. Here is a summary of this broker:
|SpotOption platform||Not regulated|
|High minimum deposit and bet size|
|Lower than average payout levels|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Binary Options Brokers
If you ended up on this page, most probably you are looking for a decent binary options broker. There are quite many brokers out here, and more are appearing every day. The reason for this is very simple. A few years ago the technology got so advanced that it became very easy and cheap to open up your own broker of binary options. This is why so many of them are of a low quality. Browse the table below to see the top rated binary options brokers and stay cautious about the scams.
Know a broker that should be here? Let us know.
Choosing one of the binary option brokers
Even though it might seem like an easy task, choosing your broker for binary options trading is not as easy as it seems. Below we will provide you with a quick guide that will help you selecting a broker you can trust and will give you a good overview on how to avoid being scammed.
Regulation makes the difference
A regulated binary broker can be a scam. Yes, that’s true. But the chances of getting into a fraud with an unregulated broker are much higher. This is why you should always go for a regulated broker if one is available in your region. However, some countries’ residents simply cannot be served by an EU-regulated brokerage due to the compliance reasons. If you are one of such nationals, then the best bet would be to go for an unregulated brand of a binary broker that is regulated in EU.
Even though you will not be served by a company that reports to a legitimate financial authority, the broker would still be more cautious towards its reputation and this is why it will do its best to deliver you the best possible trading experience.
A few more words have to be said about the offshore binary options brokers. These entities claim to be regulated, and in fact, they are regulated. However, such countries as Belize, Seychelles, Marshall Islands and so on, are doing very little to ensure that the companies they regulate are actually serving the clients in the best possible way. Apart from that, imagine that a Belize-regulated binary broker refuses your withdrawal. What will you do? Travel to Belize to submit a complaint? The chances of pursuing legal actions against the brokers that are located on the offshore territories are very small. This is why you should treat any broker with an offshore regulation as an unregulated entity.
Binary options software
Many people mistakenly refer to binary options brokers as binary options platforms. This is not a correct statement. A broker is a company that is doing the marketing, support and other operational and business development activities. A binary options platform is just a piece of software that lets the brokers offer trading to its clients. Here we have a great section about binary options platforms, browse through it to get a good overview of the binary options trading software that is available on the market and check various brokers that offer this type of the software.
In general, there are quite a few software providers. There is no substantial difference between the software suppliers, especially considering that the binary options trading is so simple that it is just nearly impossible for the software providers to differentiate themselves from the rest. Having said that, there are still some brokers that go for the custom-made platforms, and this is where the difference takes place. You may imagine that a software company with years of experience and a dozen of full-time developers can design a great piece of software. However, a broker would have less experience in the software development and will not be able to afford the same amount of staff. Hence, in many cases, the platforms developed by the brokers themselves tend to have a much lower quality. This is why you should stay away from such brokers as EZTrader, as they just offer very poor trading software.
Considering the fact that your platform will contribute majorly to your trading experience, it makes perfect sense to choose the trading software you enjoy using. Still, most of the binary software is not suitable for chart analysis, you will be much better off using various free web charting tools and simply hitting buy or sell on your binary platform.
Binary Bonuses and Promotions
In the past, many binary options brokers were offering various trading benefits to their clients. This helped greatly to attract new traders and keep the existing ones. Here we list various possible binary options bonuses, but you should understand one important thing. As of December 2020, CySEC (which is a regulator that holds most of the binary brokers under its umbrella) has requested all of the binary brokers to stop offering various trading promotions. Hence, today one is unlikely to choose a broker that offers deposit or no deposit binary options bonuses.
You can only get a bonus from an unregulated broker, and as already mentioned, this is not something we can recommend.
How to submit a complaint about a binary brokerage?
Here at Binary Options Hub we respect our site visitors and we take care of what you have to say. Do you have any negative experience with a binary options broker that is listed with us as a scam? Contact us and lets us know why you were unhappy. We are certainly eager to add an additional reason why one of the scams cannot be trusted.
Are you having a trouble with one of the brokers that is recommended by us? Reach out to us and we will certainly do our best to help you resolving your issue with a broker. We do not recommend the brokers with whom we don’t have any relationship, so we will be able to reach their staff and deal with your case in a professional manner, especially if you opened your account via Binary Options Hub.
Do you have positive or negative comments about a broker that is not listed in a table above? Let us know too, we are always eager to write more reviews of the binary options brokers.
Best Binary Options Brokers 2020: