Since its first public introduction in Cyprus, Binarix Trading has been standing out of others in the brokerage business. Under the management of European financial veterans and some expert technologists of the industry, Binarix Trading assures its customers by some unique ways.
A 100% web-based platform was based on EZ Trader’s techniques so that there’s no actual difference between those 2 brokers. On Binarix Trading, you are able to make your living on 75 tradable assets with opportunities of 85% returns regardless to Pounds, Dollars or Euros. That’s decent amount of trading assets, however, it’s still less than 24Option who has more than 100 trading assets.
Everything owns strengths and weaknesses itself. Binarix Trading offers excellent Reuter feed for regular price updates, but it doesn’t contain enough information for newbie.
For more detail about this binary brokers, let’s start our review immediately!
Binarix Review: User-Friendly
Similar to other web-based platform, it’s completely simple even for the first time visitation. Here are some relative sections that must be noticed on the homepage:
The FAQ section and glossary: this is a source of useful information for beginners. It contains all of basic questions and queries in binary options trading as well as the operations of Binarix Trading. The Glossary section provides you with some useful trading terms.
The My Account section: this section stores all of detail about your present and past trades in case you want to access such information.
On the homepage, traders can view the percentage of Calls and Puts for the day and enjoy access to the Past Expiries.
According to our criteria, Binarix Trading only gets 6 points out of 10 because of its too simplicity and its lacks of initiative facts for novices.
Binarix Review: Assets & Expiry Times
We counted 75 underlying assets in the list of availableness, so you are extremely spoilt for choice with Binarix Trading. However, you have no choice for expiry time but only end of day, which greatly reduce the competitive abilities of Binarix Trading in comparison with other brokers.
Binarix Review: Commissions, Customer Service & Return Rates
Binarix Trading takes no commission when trading. You can cash 81% of initial investment for in the money trades, and up to 15% for the out of the money ones. These huge profits are definitely far above the average of the market.
Withdrawing process might cost you $25 if you use Wire Transfer. It also takes you more than 3 days to finish that process. Goptions is probably the only brokers who provide same day withdrawal.
In case there’s any wonderings and problems, you should connect to their customer supporting service as soon as possible. They are available in phone, email. They even call you back to help your solutions.
Binarix Review: Deposit Options, Languages & Bonuses
Binarix Trading performs in 4 languages: English, German, Spanish and Arabic. It would be better if offered language is more plentiful.
You have various ways to deposit via Credit Card, Wire Transfer and Money Bookers. They have clearly strategy of extra bonus for first time depositing: Deposit $500, receive $75 bonus. Deposit $1500, receive $500. Deposit $3500, receive $1700. After all, those bonuses are really valuable.
In comparison with other brokers who have the same time of establishment, Binarix Trading seems pretty backward even though the amount of additional features is quite enough. The appearance of a graph each time you purchase a binary option so that you are allowed to keep eye on the whole process.
Totally, Binarix Trading gets 35/50 points, not too bad result. However, they have many works to improve their service at the aim of catching up with other binary options brokers.