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The best binary options brokers of the second half of 2020 (rating and top 10 of the best binary trading brokers in 2020)
The best binary options brokers of 2020: rating (top 10 of the best brokers)
|The best binary options brokers of the second half of 2020|
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|7||50$||5$||Broker review||Official site|
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|All brokers >>|
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Try also Binary Option Robot if you are looking for automated binary trading.
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.
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]
Spectre AI Review – Decentralized. Broker-less. Fraud free
Spectre AI is the first blockchain based platform for CFD and binary option, allowing direct trading through a localized account on their platform or decentralized from your wallet! Read my full Spectre.ai Review to learn more about the first smart contract based platform for binary options and CFDs! Or watch my review video in German with your favorite subtitles:
Introduction to Spectre.ai
SpectreAI, controlled by Spectre Global Limited, a financial company owning spectre! Withdrawals, deposits, and trading transactions are managed by a smart contract or a set of smart contracts on the Ethereum Blockchain! Read on to discover why this makes a huge difference! Spectre is regulated by the Costa Rican oversight, licensed under certificate number 58373902020!
“Traditional Broker” and why they are a problem?
If you browse the web for bad broker experiences, I bet you will discover 1000s and more entries in forums and blogs. This does not mean that every broker is scamming its clients, but it happens often, sometimes by accident and sometimes with pure intention!
The problem here is, that the broker will only make a profit when the trader makes a loss (for binary options trading). So if the majority of traders win the most of their trades, the broker will lose money! Read on why Spectre is completely different !
Spectre — Broker-less Binary Options Trading
For several months, the whole world is talking about the Blockchain-technology, Bitcoin, and Ethereum as well as other cryptocurrency projects! One of the reasons is, that the blockchain technology almost instantly generates trust, as all transactions are viewable for everyone.
Since the Ethereum blockchain, so-called smart contracts, set of rules and actions running completely decentralized on the Ethereum Blockchain, can be used to control and automate whole businesses.
All transactions, withdrawals, and deposits on Spectre are handled by smart contracts on the Ethereum blockchain, so no one can access any clients capital , except the client itself! If you make a trade, a smart contract takes care of the needed transactions!
This ensures that no one will run away with your money as it simply is not possible! You also can examine the smart contracts used by Spectre as they are completely open source!
SpectreAI also offers two types of trading accounts (besides the demo account you can get here), the regular trading account, working like a normal broker account, you make a deposit and can trade with your deposited money! The other type is the Wallet trading account, here you do not need to make a Deposit, instead you send your investment amount directly from your Ethereum Wallet, if you win your position, your Return is sent back to your Wallet, if you, lose Spectre will keep your money and send it to the winning party!
Click here to learn more about Spectre on their Website!
Security & The Ethereum Blockchain
As Spectre runs on the Ethereum Blockchain, it takes advantage of all benefits a blockchain has to offer.
The Blockchain can´t be manipulated afterward. And no third party can make changes to any data!
As Spectre is running on 1000s of PCs at the same time, a downtime is almost impossible! As long as Ethereum Blockchain is running, Spectre will run too!
Spectre has a high-security standard and uses cryptography to protect accounts and sensible data from fraud! Watch this short video from Spectre showing these aspects in detail:
Click here to Create a Free Account and Try It For Yourself!
Spectre Trading Platform, Minimum Trade, Assets and Expiry times
Spectre offers a clean trading platform with some amazing and unique features. One downside for many may be the fact, that Spectre only accepts payments in Ether, so you need an Ethereum-Wallet in order to create an account with Spectre!
After entering your email, name, Eth Address and some more information, you will get an email you need to confirm in order to activate your account!
After the first login, you need to set up your account settings, like personal details, Token privileges (You can invest Utility Tokens in order to get some benefits), risk management, trading signals and much more…
SpectreAI provides 3 forms of investing: A-Bock Trading, Smart Options, and CFD trading, let’s take a look at the advantages and disadvantages :
A Book Trading — Here you can trade CFD Options between several assets. It is very similar to CFDs, depending on your investment you will earn a specific dollar amount per pip!
A Book Trading is highly regulated and it is the only centralized trading option Spectre offers its traders. Spectre connects to A Book platform using fiat money to be able to offer this type of trading to its clients! It can be seen as Low Risk/Low reward trading if it is used the right way!
CFD Trading — CFD Trading at Spectre also is Low Risk/Low reward trading. You can invest in many different assets and there is no expiry time or time limit for your trade! Just set a “Stop-Loss” level to limit your loss in the case the price moves against you and set a “Take Profit” Level to secure your profit when it hits a specific level!
Smart Options — These Options are very similar to High Risk/High Reward binary options. if you win a position, you will make between 60 — 90% on top of your investment, if you lose a position you lose your entire money in most cases! You can trade smart options on several different assets, including cryptocurrencies, stocks, currency pairs and much more!
Spectre even allows you to trade exotic types of binary options like ladder options, High/Low, Call Put and many more…
SpectreAI offers more than 70+ Assets to trade. You can choose expiry times from 10 Seconds till the end of a day or you can completely specify the endpoint of your smart option trade! Payouts depending on the traded asset and expire time, as well as market conditions. They range from 5% on Weekends with no movement at all up to 90% in highly volatile markets!
Click here to Create a Free Account and Try It For Yourself!
Minimum Trading and Deposit Amount — The minimum trading amount at Spectre AI right now is 1 USD in Eth, the minimum deposit amount is just 0,10 Eth right now!
Trading Signals on Spectre
As Spectre is working different compared with binary brokers, it really provides useful trading signals for different strategies you can choose in the settings menu!
While binary options broker doesn´t want you to win a trade, spectre just earns 2 % from every trade flat, so they do not have a problem to provide useful trading signals to let you make a profit while they still earn their money!
I suggest you just create a demo account and check out the different signals and how they are working for yourself!
Spectres Chart system
As you can see inside the video or the pics on this site, SpectreAI offers a clean and usable chart system, with many tools to analyze market conditions and predict market movements!
Here you can see another direct difference between Spectre and traditional broker, while broker wants you to trade, without caring about risk, Spectre forces you to choose a risk management, and to keep it for at least 7 days!
This way you can define a max. drawback, max. amount of lost trades and much more — if a condition is met your account is restricted for 24 hours! This ensures that you have enough time to control your emotions and get back to your logical thinking!
Spectre.Ai Free Demo account
Spectre offers a free demo account preloaded with 99 Eth to try their platform and trading strategies! If Spectre sounds interesting to you, just click here and create a free demo account to try this platform yourself!
Spectre Worldwide (Except US)
Right now, spectre accepts traders from all around the world including European Countries, Canada, and almost all others! The only exception: Spectre does not accept traders from the US!
Click here to Create a Free Account and Try It For Yourself!
Withdraw and Deposits at Spectre AI
Like mentioned already, does Spectre only accept Deposits through the Ethereum Blockchain, this means you need an Ethereum Wallet (My Ether Wallet for example) in order to create an account and make a deposit!
This means you need to invest in Ethereum, and you need to send it to Specrte if you want to trade on a regular account! Click here to find out how to purchase ethereum! I recommend to use HODLY or My EtherWallet as wallet for Ethereum!
Real Money Trading Without Deposit
Using an Ethereum Wallet, and the wallet Account option, you do not even make a deposit, as you can trade directly from your Ethereum Wallet — using this feature you really trade completely decentralized!
If you want to enter a position, you will get a specific Eth address, afterward, you just send the investment amount per Ethereum Blockchain to this address, if you win you will get your investment and your return if you lose it will be transferred to the Liquidity pool!
The main disadvantage is the fact that you need to use the ethereum blockchain to make a deposit. It is secure and a great technology, but you need to know how it is working, click here for a full guide to cryptocurrencies and how to use them!
Another point to consider is, that your account balance in Spectre is counted in Ether, this means that your capital is directly connected to the Eth price, if it is losing value, your account balance does lose value as well!
How Spectre Earns Money?
If you take a look at the technology behind Spectre, you will learn that it is almost impossible for spectre to scam anyone. They also use a completely different business model compared with traditional binary options broker, as they earn a volume based fee from every trade, while traders trade against each other or against the “decentralized autonomous liquidity pool”, a financial pool from Spectre and a few other ethereum blockchain based Dapps only accessible from specific smart contracts!
Spectre AI- Decentralized. Broker-less. Fraud-free!
Like you should have read inside this Spectre AI review, Spectre offers a lot of unique features and benefits, while the decentralization and fraud-free operations of spectre are the most important aspect in my opinion!
The only real downside is the needed knowledge about cryptocurrencies, but it only takes a few hours to get into cryptos and learn how to use them!
I really like spectre and will make it my main broker for binary options, ensure to create your free demo account by clicking here and see why I already love this broker!
Click here to create a free Account NOW!
Spectre Ai FAQs
If you have any questions about the Spectre trading platfrom not covered in my Spectre Review, please be so kind and leave me a short comment with your unanswered questions! I will do my best to answer them here as fast as possiple!
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