Binary Option Trades has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I experienced a security concern with my Binary Option Trades account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: No hidden fees|Smooth onboarding|Automated trading options
Cons: Would like more payment methods|None so far
Binary Option Trades has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Clear documentation|Multi-currency support|Instant funding
Cons: Limited cryptocurrency options
I was contacted by Binary Option Trades through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I opened an account with Binary Option Trades for nearly two years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Dividend tracking|Fast execution|Segregated accounts
Cons: Could offer more webinars
After spending since I opened my account last year trying to make Binary Option Trades work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Instant funding|Reliable uptime|Great customer service|Customizable dashboard
Cons: Could offer more webinars
I am in a dispute with Binary Option Trades over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Customizable dashboard|Clean UI|Multiple order types|Full transparency
Cons: Some tools only available on higher tiers|No phone support on weekends
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Binary Option Trades has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
Do not believe the bonus offer from Binary Option Trades. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Great customer service|Multiple order types
Cons: Would like more payment methods|Website design could be more modern
My withdrawal request from Binary Option Trades has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clear documentation|Transparent fees|Competitive fees
Cons: Account statements could be more detailed
Binary Option Trades changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Responsive team|API access|Copy trading available|Excellent charting
Cons: No dark mode on mobile|Currency conversion fee exists