• Broker
  • Min. Deposit
  • Min. Investment
  • Rating
  • Auto Trade
  • Trade Now
  • Review

BullBinary Broker Review 2016

  • Min. Deposit $250
  • Min. Invest $1
  • Return 90%

BullBinary, a binary broker present on the South African market since 2015, is a brand name of Spot Capital Markets Ltd. This is a regulated broker which provides traders with numerous options to make a profit.

In BullBinary broker review we shall present essential information concerning their trading platform, account types as well as trading features and tools.

BullBinary

BullBinary General Information

In BullBinary broker review we discovered that minimum deposit is $250 with the minimum investment being only $1.

In order to deposit funds, traders first need to sign up and then simply proceed to My Account tab where they can deposit the funds which they will later use in trading.

Traders may select among a handful of currencies such as EUR, GBP, USD, CZK, PLN, HUF and BRL.

Another benefit for South African traders is the possibility of attractive returns which may go up to 90%.

Additionally, as a binary broker regulated by a regulatory body, South African traders get that extra security as concerning the safety of their funds.

BullBinary Platform and Trading Features

When it comes to trading software, SpotOption is utilized on BullBinary trading platform. SpotOption is one of the leading trading software in the industry.

In our BullBinary broker review we found that trading options South African traders can use are:

  • High/Low
  • Pair Options
  • 60 Seconds
  • Long Term

More than 180 underlying assets are also available to traders when they place trades and those are sorted into four categories: indices, currencies, stocks and commodities.

South African traders also may benefit from various trading features which include Rollover, Double Up and Sell Options.

Sell Options feature provides traders with the possibility to sell position prior to trade expiry.

On the other hand, Rollover feature provides an opportunity for traders to delay the expiry time which can be of great importance if traders find themselves in a position where their trade is not going in the predicted direction.

The Double Up feature is there so traders may double the trade they made which may bring in more profits.

Fantastic and very 21st trading tool available with BullBinary is their mobile trading app. This is a handy solution for all South African traders with busy lifestyles who still want to be active participants in the binary options trading market.

Our BullBinary broker review showed that traders having iOS and Android devices may use this trading app.

Another great benefit for South African traders which we discovered in our BullBinary broker review is their demo account. Using the demo account is especially beneficial for newbie binary options traders as this provides them with a perfect setting for practicing.

Demo account is a risk-free solution since traders get virtual funds not real once and they can practice various trading strategies and options.

With BullBinary, access to the free demo account is possible once South African traders deposit the minimum of $2500, which means this trading feature is not available with their Regula account.

Lastly, the BullBinary trading platform also supports a variety of languages such as Arabic, French, Portuguese, Spanish, Chinese, Czech, Italian, Russian, Greek, Polish, Hungarian, and English.

BullBinary

BullBinary Account Types

Our BullBinary broker review also went on to show this broker offers several different types of trading accounts to South African brokers aside prom the demo account which is used for practicing purposes.

Each account is equipped with unique characteristics according to which traders opt for a specific account.

BullBinary Regular Account

  • Minimum deposit set at $250
  • Minimum investment set at $1
  • Possible payouts up to 83%
  • Average of 5 business days needed for withdrawals
  • Selection of education materials available

BullBinary Silver Account

  • Minimum deposit set at $2500
  • Minimum investment set at $1
  • Possible payouts up to 83%
  • Average of 5 business days needed for withdrawals
  • Selection of education materials available with 1-on-1 trading sessions with an expert

BullBinary Gold Account

  • Minimum deposit set at $20 000
  • Minimum investment set at $5
  • Possible payouts up to 85%
  • Average of 2 business days needed for withdrawals
  • Access to education materials and unlimited 1-on-1 trading sessions
  • Personal expert available
  • Access to webinars and market news

BullBinary Platinum Account

  • Minimum deposit set at $50 000
  • Minimum investment set at $25
  • Possible payouts up to 90%
  • Average of 24 hours needed for withdrawals
  • Free & unlimited withdrawals
  • Access to education materials
  • unlimited 1-on-1 trading sessions
  • Personal expert available
  • Access to webinars and market news

BullBinary Customer Support Service

South African traders looking to trade with this brokerage may rest assured since our BullBinary broker review showed the customer support they provide is marked by quality and quick responses.

There are several ways traders may reach this broker and those include phone numbers for 18 countries, live chat, online form and email at [email protected].

Customer support is available 24/5 and South African traders can use it every time they find themselves with a question or a possible issue.

It is advisable to inspect the Education & Tools section where traders may find plenty of informative and helpful info. FAQ section is especially handy since most common questions regarding the trading process are answered there.

By going through the education section trades can inspect Bull Academy, Economic Calendar, Asset Index, Glossary, Expiry Rates, live Webinars etc.

BullBinary Banking Info

As a regulated broker, BullBinary provides South African traders a protected platform with a scope of trading assets, options, account types and features.

When cleverly combined, all these aspects may serve to bring in a healthy profit for traders.

In our BullBinary broker review we learned several means of deposit are available:

  • Wire transfer
  • E-wallets: PaySafe Card, Boleto, WebMoney, Neteller, Skrill, AstroPay, QIWI, Sofort, TrustPay, Neosurf, HalCash, GiroPay and Moneta.ru
  • Cards: MasterCard, Visa, Carte Bleue and Maestro

As far as withdrawals are concerned, South African traders need to submit a withdrawal request which is initiated by downloading and printing the withdrawal form which then needs to be returned to [email protected] either by scanning the document or by simply taking a picture and then sending the image.

Our BullBinary broker review also found out that traders need to provide a copy of documents such as proof of address and copy of picture ID which also needs to be sent to [email protected].

A fee of $10 is charged for withdrawals apart from Platinum account holder which have free withdrawals.

There is no minimum withdrawal amount set and on average, 5 business days are necessary to transfer the funds.

BullBinary - Review Conclusion

BullBinary Broker Review
Join over 30.000 South Africans

who subscribed to our killer newsletter with great broker reviews and useful trading articles

?>