Binary options broker NordBnk is not spelled incorrectly; there is no ‘a’ in the title. Not to be confused with the famous Scandinavian bank, NordBnk is a binary options broker which is located and regulated in Cyprus and aimed at the Scandinavian market. NordBnk.com is so new that they haven’t really been able to distinguish themselves much, though they offer a decent trading platform and better than average customer service which shows real promise.
Software and Features
Tech Financials offers one of the best binary options software engines out there, and the NordBnk broker platform takes full advantage of everything it has to offer. Pleasingly, mobile trading is also supported and functions exceptionally. Unfortunately for new traders, at the time of our NordBnk review there was no educational center or demo account to help newbies learn the ropes of trading. Traders from Sweden and Norway will be thrilled to see that the NordBnk.com website, live chat, and telephone customer service are all available in their native languages, along with English, Italian, and German.
Option Types Offered
NordBnk currently offers a disappointingly low number of assets; only around 40 stocks, currencies, commodities, and world indices. Call/put options, one-touch options, and boundary options are all available to be traded. Furthermore, traders can take advantage of the flexibility and power of the platform to close options early in order to secure profits and mitigate losses. Returns are in-line with industry standards, with profits ranging from 70% to 85% and losing trades returning as much as 10% of the investment.
Account Types Offered
Traders who sign up for an account at NordBnk have the opportunity to choose from three different account types with increasing benefits. The Standard account is offered to every trader who makes the minimum deposit of $200 and qualifies traders for the NordBnk bonus as well as full trading functionality. Higher deposit amounts move traders into the Gold or VIP tiers which include increased account support, higher bonuses, and higher profit returns on trades. Be sure to speak with customer support in order to get the highest bonus and best benefits possible. Secure deposits can be made with major credit cards and Ukash.
The fact that NordBnk is regulated in Cyprus is a great sign and their focus on Norway and Sweden is a great boon for traders from those countries. That being said, NordBnk.com still has a long way to go before reaching the upper level of binary option brokers, but it is obvious that they are dedicated to improving themselves in the future.