As one of the youngest binary options brokers out there, you would expect Binary Floor to have a cutting edge software platform and a wide range of assets and exciting types of options. That being said, Binary Floor, which was created by a team of former brokers, doesn’t quite live up to its potential. Although it appears that the Binary Floor broker platform is a little bit behind the times, there are some interesting and unique features that traders might find intriguing. And if not, the generous Binary Floor bonus might be the thing that excites traders the most.
Software and Features
One of the nice things here is that the in house Binary Floor platform is quite intuitive and easy to use, with all of the assets and trades just a click or two away. Everything is done directly in your browser so you can access your account from anywhere. There is also a mobile version of the software for smartphones and tablets. Access to a demo account is a nice feature, although there could be more research resources available in the platform itself. One cool feature of BinaryFloor.com is the Risk-o-meter, which is a sliding counter that can be used to tailor payouts and refunds precisely to the level of risk that the trader is comfortable with.
Option Types Offered
While Binary Floor does offer assets such as stocks, currency pairs, commodities, and global indices, there are relatively few asset offerings of each kind. Additionally, there are relatively few methods of trading available, though traders will be happy to see that in addition to call and put trades, there are 60-second options and Range options available. One positive is that there are some options that have payouts as high as 90%, making an account at Binary Floor worth it.
Account Types Offered
One of the best reasons to start trading at Binary Floor is their initial Binary Floor bonus of 100% on first deposits, with the minimum deposit as low as $100. There are other promotions available as well, although the European summer cruise promotion advertised during our Binary Floor review in the middle of winter was a bit odd. There are no account levels, each account has access to all the trades, while loyal traders who stay with Binary Floor for longer will be offered benefits such as personal account managers on a case-by-case basis.
More could certainly be expected of Binary Floor, but that doesn’t mean that it’s a bad broker. The deposit bonus alone is worth taking a look at, while the simple and straightforward trading platform and mobile capability are advantages that many traders will find very appealing.