FirstBinaryOption Binary Options Broker
The company's activity is regulated by FSA - financial control structure of the UK, indicating a high level and quality of broker's services. Trading platform FirstBinaryOption is a further development of the software developer SpotOption and contains many new stock trading functions, useful features, and tools.
- Profit - up to 80%.
- Reimbursement - up to 15%
- Minimum deposit - $ 5
- Minimum Bid - $ 1
- Demo - account - Yes
- Mobile version - Yes
- Education - No
The registration process
In order to become a client of FirstBinaryOption, you must fill in a simple registration form and select the currency of the account for a future deposit.
Due to the fact that the company is focused on a developing generation of traders, immediately after registration FirstBinaryOption offers its service of demo account and you can try your skills in the virtual trade without making a deposit.
However, the initial deposit with a broker is only 5 USD / RUR / EUR, and the minimum transaction is 1 USD / RUR / EUR, which allows you to start trading on a live account with a minimum investment without actually exposing yourself to a significant financial risk. It is possible to deposit funds through a fairly wide arsenal of payment systems.
Of course, to enjoy the full version of trading with the company, you need to verify your account. To do this, you must send a copy of your passport to the managers.
Trading platform at FirstBinaryOption is not something new for the financial services market. However, it includes a rather interesting list of features and options that cannot be found in the vast majority of companies. Firstly, it is the ability to switch to different timeframes that allows to consider quotation charts of financial assets at different time intervals. In addition, the terminal has unprecedented until recently innovation, namely, the ability to switch from a line price charts to candle charts of quotes. At the same time, the presence of a wide selection of options and financial assets makes the terminal rather convenient for trading
Of course, the interface of the web platform is made exclusively accessible to intuition, a nice design and colors. At the same time, a sufficient hardware support makes it nimble and "responsive" to all traders' orders, and a high degree of interactive protection including trading and personal customer data are in a reliable security.
Main advantages of the platform:
- A great set of options;
- A good selection of financial assets;
- The ability to switch between the timeframes;
- A choice between options of plotting quotations;
- Security protocol;
- The ability to trade on a demo account.
- The absence of trade in multiple windows.
An optimal set of assets
Financial assets are chosen with sufficient delicacy by the platform FirstBinaryOption, as it has only 70 items. Thus, in the list there are shares, currency pairs, indices and commodities, as the company's specialists selected the most popular assets.
Types of options
In trading platform FirstBinaryOption the following options are presented:
- High / Low - it is a classic type of option and it is the most popular and simple form of the option. You can make profit if you indicate the direction of the price movement of an asset for a specified period of time. The profitability of this type of the option is up to 80%.
- One-Touch - it is a more complicated form of the option, where in addition to forecast the direction of price movement, the trader must also confirm whether the price will reach the contract level for a certain time period;
- No-Touch - this is the same technology that the previous option, but in this embodiment the trader will have to confirm that the asset price reaches a predetermined level in the conditions of the contract for a specified period of time;
- In-Range - this is the option the principle of which is based on the fact that a trader must predict whether the quotes will be within the boundaries of the price channel within a specified period of time.
- Out-Range - this is the same technology that the previous option, only in this case the forecast for the trader must confirm the subsequent exit rates beyond the established price channel for a predetermined time.
- 60 seconds - the options of high quick trade with the expiry of 60 seconds. The trader only needs to indicate correctly the direction of the price within the next minute.
Education in Online FirstBinaryOption is just absent. Obviously, the company believes that the mere existence of a demo account is quite sufficient for the preparation of the traders to trade. Such an approach can be found in some other traders, as well as the perception that all the knowledge that a trader gets in practice can't be given by a theoretical program. Here is a demo account, so sell and get the experience, and spend time browsing the "worn-out" movies or reading typical interactive methodical materials.
Customer Support 24/5
The tech support in FirstBinaryOption is carried out in a professional manner. The site supports on-line chats. Also, the customers can use the service of callback or send an email to the company. The support is multi-lingual and adequately trained staff responds to the questions of the traders.
Deposits and withdrawals
FirstBinaryOption offers an impressive arsenal of payment services, namely: Visa, Mastercard, Skrill, Cash U, OK pay, Liqpay, Przelewy24, Perfect Money, Bank Wire Transfer, Sofort BANKING, Wallet1, Web Money. In general, the customers from Europe and America should have no difficulty at all with putting funds into their trading deposit. Moreover, the depositing of these systems is done in a snap. Withdrawal is available in all the payment services, but you need to wait for about 3 days. Plus, if the client did not verify his account opened in the company, the output is generally impossible.
Pros / cons of the FirstBinaryOption
The company FirstBinaryOption is a broker of a new generation. It is felt from the very first minute of looking at their site and using their trading platform.
We single out the main advantages of the broker:
- The minimum deposit - 5USD / RUR / EUR;
- The minimum rate - 1 USD / RUR / EUR;
- A great trading platform;
- Availability of a demo account;
- Security of transactions through the SSL protocol;
- A balanced selection of assets;
- Intuitive controls.
The drawbacks are:
- Lack of training;
- Bad choice of tools for technical analysis.