French broker Priva-Trade is one of the fastest growing binary options brokers in France, and although Priva-Trade.com is still only offered in French, there are good reasons why it could become one of the biggest brokers internationally as well. While their platform is still quite basic compared to other brokers, they make up for it by offering some of the largest payouts of any broker in the entire world, which is enough for any trader to stand up and take notice.
Software and Features
The HelloBinary trading engine that powers PrivaTrade is still quite new but what it may lack in complexity it makes up for in ease of use. And although it may only be in French, a translator tool and a good memory will make it easy to learn to trade and use the platform in very little time. This is good, as unfortunately the educational resources at Priva-Trade.com are still somewhat lacking, with some features only available to clients with certain types of accounts. Luckily, even the lowest account levels offer some great training features like four tips a month and a one-on-one training session. Customer support was, of course, only available in French at the time of our Priva-Trade review. However, it can be accessed around the clock through live chat, email, or telephone.
Option Types Offered
There is only one type of option currently offered at Priva Trade; the standard call/put binary option that is the bread and butter of every traders portfolio. A complete asset list was unavailable, but it appears as if around 50 stocks, currencies, commodities, and indices are supported as underlying assets. It is the payouts, however, which are the reason traders choose Priva-Trade, with some options topping out at a dizzying 98% while even losing trades offer some sort of rebate.
Account Types Offered
Five different types of accounts, ranging from the Starter account at 200EURto the Privilege Account at 50,000EUR are offered at Priva-Trade. Every account includes access to the platform, a certain amount of trading tips per month, and eligibility for the Priva-Trade bonus. The higher the account level, the higher the bonus offered as well as the larger amount of perks such as faster withdrawals and the chance to place orders over the phone. Major credit cards, e-wallets, and wire transfers are all supported for deposits.
For traders who want to do away with all the excesses found with some binary options brokers and simply trade options and make profits, Priva-Trade is the perfect broker. Priva-Trade.com is easy to use, no matter what language you speak, and the possibility to make some of the largest profits in the entire industry is an opportunity that serious traders should take advantage of.