Although Binary Capital Markets offers a VIP membership programme aimed at high volume traders, there appear to be no bonuses available for any other account holders. This broker uses the popular SpotOption software which is intuitive and simple to use, while they also offer a number of multilingual support options. Their options choice is lower than many of their competitors with only around 70 to choose from.
Binary Capital Markets is a relatively new binary options broker that offers all of the benefits of being licensed and regulated by CySEC for the client’s peace of mind. This broker can accept clients from across Europe and offers five different account types to cater for the requirements of a wide range of investors. Binary Capital Markets is a trustworthy and reliable broker that ensures the security of its clients’ investments through the use of segregated accounts, and which is keen to promote the education of its clients by offering a wealth of educational resources.
Binary Capital Markets is a recently launched binary options broker that is operated and owned by GSE Golden Sky Europe Ltd, which is a Cyprus registered financial services company. Licensed and authorised by CySEC, this broker is fully compliant with the MiFID and operates under the supervision of the ESMA. Binary Capital Markets is authorised to offer its services across Europe.
The assets offered by Binary Capital Markets include:
FX – 16 currency pairs
Commodities – 7
Indices – 15
Stocks – 29
Overall, there are only around 70 underlying assets to choose from with this binary options broker.
Bonuses & VIP programs
It appears that Binary Capital Markets does not offer any bonuses in compliance with the instructions from CySEC to no longer offer promotional bonuses for the trading of binary options and other similar products. It does, however, offer some perks and deals for higher level account members, with Premier members being entitled to benefits such as higher trading limits, access to the Premier trading room, and 10 free one to one educational sessions. Premier account holders can also apply for the VIP mentorship programme which brings extra payout privileges, 24/7 access to a personal account executive, monthly account analysis by an account executive manager and advantageous withdrawal schedules.
Binary Capital Market’s trading platform is web based and can therefore be accessed conveniently at any time from any internet enabled device without requiring any downloads or installations. However, to make trading even more convenient for investors on the go, this broker has also developed its own mobile app which allows for 24 hour checking of accounts and execution of trades at any time and from any worldwide location.
Deposits and Withdrawals
Binary Capital Markets make it easy for clients to deposit funds into their trading account by offering a number of convenient and popular banking methods. Funding accounts is easy through the online Deposit page, and the available methods include:
- Bank Wire Transfer
- Credit cards
- Debit cards
- Paysafe Card
The minimum amount that can be deposited into the lowest level trading account is $250 with the maximum deposit amount being accepted standing at $10,000. A number of currencies are accepted including US Dollars, Pounds Sterling and Euros. Withdrawals are processed rapidly and will be received in the client’s account within 5 working days, although higher level account holders can benefit from same day withdrawal approvals for a faster turnaround time. Withdrawals are returned via the same method by which the original deposit was made. The minimum sum which can be withdrawn at one time is 50 Euros.
Binary Capital Markets’ professional customer support team is available to be contacted between Mondays and Fridays from 5 am until 9 pm GMT. There are a number of contact methods to choose from including:
- Live Chat
- 5 email addresses: Customer Support, Compliance, Account Executive Desk, Complaints, Back Office
- 16 telephone numbers offering multilingual support
Their website is also available in 4 languages: English, German, Spanish and Italian
Extra Features and Resources
Binary Capital Markets offers a number of helpful educational resources free of charge for its clients to benefit from and to extend their knowledge of the financial markets. There is a free binary options ebook which gives newcomers an insight into the basics of investment as well as helpful tutorials on a range of subjects including technical indicators and options strategies. There are also several helpful trading tools which can be accessed by some registered clients including access to trading signals. Many of these resources can only be accessed by higher level account holders however, with lower Basic and Silver account holders only being able to access 3 or 7 free lessons respectively. Higher level account holders can also benefit from 1:1 educational sessions, free monthly webinars and access to trading alerts.
Overall, Binary Capital Markets has plenty to offer investors who are looking for a new binary options broker that is trustworthy and reliable, although there are a few negatives to bear in mind.
- A simple, SpotOption based trading platform that is ideal for beginners and experts alike
- 100% online trading interface requiring no installations or downloads
- Multilingual support through live chat and telephone helplines
- A good range of deposit and withdrawal methods including e-Wallets
- Excellent benefits for higher level account holders
- CySEC regulated for clients’ peace of mind
- Mobile app for trading on the move
- A good range of educational resources, trading signals and other resources
- Low minimum withdrawal amount
- Only around 70 assets to choose from
- No bonus offers
- Limited educational resources for lower level account holders
- Customer support is not available 24/7
Is Binary Capital Markets a good choice for more experienced traders?
If you are a professional investor who is looking for something more from their binary options broker you should be satisfied with what Binary Capital Markets can offer. Premier and VIP account holders can benefit from a range of extra perks which enhance trading through this broker. Some of the advantages include a faster withdrawals system, higher trading limits, access to account managers 24/7, monthly account overviews and free access to educational resources.
Do I have to download any software to trade with this broker?
Binary Capital Markets’ trading platform is 100% web based, and this means that there is no need to download or install any software to a PC to access the interface. Access to accounts and trading can therefore be obtained through any internet enabled device from any location in the world. To make trading on the move even easier, this broker also offers a free of charge downloadable mobile app which makes using the interface even more convenient.
Are Binary Capital Markets’ customer service team available 24 hours a day?
Unlike some other brokers, Binary Capital Markets do not offer a 24 hour customer support service. While high level account holders have 24 hour access to an account representative, lower level account holders must contact the support team during office hours, which are 5 am until 9 pm GMT. Contact can be made via telephone, live chat or through email, or if contact is made out of hours it is possible to leave a message.
Does Binary Capital Markets offer demo accounts?
Anyone who is interested in potentially becoming a client of Binary Capital Markets can request a free of charge demonstration account, regardless of their level of experience. This account with virtual funds offers an excellent opportunity to test the trading interface and features offered by this broker and to try out new strategies without any personal financial risk. Newcomers to binary options trading can especially benefit from this feature as it helps them to gain a grounding in the basics of trading before using any of their own money. To open a free demo account, you can simply contact the Binary Capital Markets’ support team.
Will my money be safe with Binary Capital Markets?
Binary Capital Markets is a CySEC regulated broker and therefore all clients can rest assured that their personal and financial details are in safe hands. As required under the terms of compliance, all client funds are held in segregated accounts for extra security, and the website itself is effectively protected by high levels of cutting edge encryption so that there is no danger from hacking or cybercrime.