As one of the newest binary options brokers on the market, Binary International is aggressively trying to break into the upper tiers of the industry. BinaryInternational.com is a good-looking modern site with a decent trading platform and good returns. However, Binary International is really making waves with its extremely high bonuses, free demo account, and free signals service which every trader can take advantage of.
Software and Features
The Binary International broker trading platform is quite powerful, but can be a bit confusing for new traders. Luckily, certain account types give traders the ability to use a free demo account so that you can get used to the platform risk-free. Rich mobile trading is also supported on iOS and Android devices. The educational center could be a lot richer, though it seems that Binary International is currently targeting more established traders than new ones. One of the biggest benefits from trading at BinaryInternational.com is the free signals software that every trader has access to, which is something truly unique. Although live chat support is advertised as being 24/7, there are times when operators are unavailable, although when they are there they are quite helpful.
Option Types Offered
At the time of our Binary International review, the asset list was still quite small, with only around 40 stocks, indices, currencies, and commodities supported, although more are sure to be added in the future. Standard option types were available including call/put, 60-second, one-touch, and range options. The payouts are nice and keep with the current industry standards, ranging above 80% with some out-of-the-money trades offering rebates as well.
Account Types Offered
Five different account types are offered to Binary International customers, ranging from the basic Mini account at $250 to the Platinum Diamante account for traders who deposit more than $5,000. The Binary International bonus is huge, starting at 50% for the Mini account and climbing to a whopping 200% for accounts above $2,000. Traders who deposit at least $500 and get the Premium account also have access to the signals service and the demo account while higher level accounts confer added benefits such as a personal account manager. Major credit cards and wire transfers are the preferred, secure way to make a deposit.
So far, Binary International seems to be doing all the right things in order to attract new traders to their platform. However, once they lure new customers with their high bonus and attractive signals service, they are going to need to improve their trading platform and asset list in order to keep their traders happy. It remains to be seen how well BinaryInternational.com will do, but as it looks now, their future prospects are good.