99binary Binary Options Broker
Despite its young enough age the specified broker operates a quite interesting for any trader list of services that have been created with respect to all the latest and actual trends in the field of binary trading.
The main priority of the company is the availability of binary options trading for each novice trader. This is confirmed starting with the design of the broker website and finishing with a simple and user-accessible terminal for trading. Wide choice of binary options makes risk diversification available, and a good selection of financial assets allows you to fully use hedging and correlation trading.
However, let us note one feature that characterizes a company from a very negative side - the website contains sections that are not translated into Russian for the Russian-speaking unit of the Internet resource.
Terms of trading
- Profitability - from 65% to 86%;
- Loss recovery – 5%;
- Minimal deposit - 399$;
- Minimal stake - 5$;
- Demo account – Yes;
- Mobile version –Yes;
- Education – Yes;
Registration at the broker starts with a symbolic "Start" button, whereby the client transferred to the section with electronic form to fill the personal data in.
A few minutes of entering information into the table rows and you are already on the page of the investment account selection, which shines temptingly with complimentary bonuses’ percents. At the same time, company’s offers are really tempting, since the maximum bonus for funding is 100% of the amount of received contributions, which allows doubling client’s money even before the trading starts.
As for the page with ways of funding, the company showed a surprising generosity by giving its customers a wide enough range of options for replenishment. But more on that later.
99binary Company supposes that trading is done on the proprietary Panda® trading platform, which does not differ much from other trading terminals however there still are some differences in it.
So, the trading terminal of the specified broker is a web platform located on the secured company’s website area.
Usability of the terminal is great, everything is located within easy and direct access. At the same time, in contrast to similar web-based platforms, the software possess a great informative value, as specific windows of the platform display constantly changing asset quotes numbers, remaining time before the expiration, etc.
Responses to trader’s orders are almost instant, so the trades are executed fast. At the same time, the platform does not possess tools for graphical and technical analysis. However, it is a disadvantage of the overwhelming majority of such trading platforms and this is a mass shortcoming for almost all binary options brokers. Given the above, the Panda® platform has the following advantages:
- simple and attractive interface;
- a good selection of assets to trade;
- clear availability of functions;
- perfect selection of options;
- SSL trading security;
- good response to trading orders.
Panda® platform disadvantages are:
- the lack of technical analysis tools;
- the lack of quote charts choice in the terminal;
- the lack of quote charts timeframe choice in the terminal.
Financial assets compilation
99binary Company has 99 financial assets prepared for trading, which is symbolic. However, to reach such a symbolism, added are the ones that would probably never be traded. Anyway, a reserve of trading tools should always be at hand. Especially, because traders preferences can be different. There are 23 currency pairs, 42 stocks, 5 commodities and 29 indices out of 99 assets in the trading terminal.
Types of bonuses in the company depend on the amount that client decides to fund his first trading deposit for. So, when funding the account for the lowest possible amount - $ 399, the company will add another 30%. When funding the deposit for the amount of $999, the broker will complement 50%. If the client's deposit is $ 4999, then the amount of the bonus will be 75%, and the broker will add an additional 25% as a reward.
Bonuses for the next replenishments also depend on the type of clients account. In this case all the promotions will be similar. That is 25%, 50% and 75% - respectively.
In addition, "premium" clients are provided with an access to 5 risk-free trades.
Types of options
99binary Company provides the following types of options for trading:
- «HYPER» – high-speed options with preset expiration dates: 30 seconds, 60 seconds, 5 minutes and 10 minutes. However, be careful when trading 30 seconds options, as payment for this option is minimal and equals to 65%. Thus, your trading strategy should be of guaranteed “iron” profitability. To make profit on this type of option one should correctly predict the direction of financial asset movement over the life period of the trade;
- "HIGH-LOW" is similar to the previous type of the option. The only difference is in an expiration time, which in this case is from 1 hour to 7 days.
- "One-touch" is a type of option under which the strike – levels are set, which should be touched or broken through by the price of the chosen trade asset.
- «RANGE» is an option, the levels of which are given before the trade execution above and below the price for the chosen trade asset. At the same time, the trader must indicate whether the price will be within the boundaries of specified levels or go beyond these limits to make a profit.
99binary Company education quality is not of a high level. Overall, the company's website has everything for beginners. However, those who wish to improve their professional skills will not find anything in the education section. Also, video tutorials section is divided into parts for customers with different sizes of deposits. Studies in the field of "Money Management" and "Market analysis" are not available for clients with deposits less than $ 999. At the same time, customers with a minimum deposit will be satisfied with the introductory part of educational program only.
Support service 24/5
99binary Company provides professional customer support on 4 languages 5 days around the clock. English language is included in the support service offered by the company. The support is executed in a form of a live chat, telephone and email.
Funds deposit and withdrawal
Plenty of methods to deposit and withdraw are presented. First of all, the site has all the most popular types of transactions using credit cards, such as VISA, MASTER CARD, AMERICAN EXRESS, UNION PAY etc. Also, you can use the WebMoney electronic payment systems service and about 15 other kinds of popular services. There is a bank SWIFT transfer as well as postal currency transactions available. That is, in this case, the company tried to ensure that all available methods are presented. All of these transaction types provide immediate customer credit transfer (except the bank transfer, which takes about 3 days). Withdrawal should be expected to take 3 days. Bank transfer takes about 5 days.
99binary is quite a good company to trade binary options with. Let us highlight its main pros and cons.
- minimal stake – 5USD;
- great proprietary trading platform;
- presence of bonuses and risk-free trades.
- ensuring trading by security protocol;
- good selection of options;
- trading is intuitively clear;
- good variety of deposit replenishment methods.
Let us state the cons:
- the lack of technical analysis tools in the terminal;
- Russian translation of website is not fully implemented;
99binary Company is relatively young binary options trading broker as its year of registration is 2012. That can possibly explain some faults in the professional customer support organization and also low level of education. At the moment, the quality level of commercial services is above average, which makes it quite comfortable to trade with the company when not taking related services into account.