BinaryTilt Broker Review – Trading Binary Options With A Dependable Broker
Binary options brokers will have several unique characteristics that set them apart from each other. Successful binary options brokers understand their shortcomings and try to improve their services on a constant basis, which is why traders always prefer to invest in leading binary options companies. Of course, it is normal for a company to have a few drawbacks, but the reliability of a broker depends on its ability to overcome its disadvantages and by relying on its strengths.
Binary Tilt is one such broker that is acutely aware of its capabilities as a mainstream financial company and is committed to tailoring its services to suit its traders’ preferences. BinaryTilt has paid particular attention towards mirroring its services according to the competition and has developed a reliable product that offers a good set of trading conditions that is relatable to the average needs of the trader. In our comprehensive review, you should be able to learn a bit more about the company’s products, and what you need to understand before signing up for a BinaryTilt account.
BinaryTilt was launched in 2013 by Chemmi Holdings Limited in the UK, with a permanent office address being listed as 2nd Floor, 1-2 Broadgate, Greater London, EC2M 2QS, United Kingdom. The United Kingdom is indeed the most suitable jurisdiction for binary options brokers and other financial companies, as the UK holds a prominent position in the global financial markets. However, despite the company’s presence in the UK, BinaryTilt is not regulated by the Financial Conduct Authority (FCA). Being a non-regulated binary options broker, BinaryTilt does not make it any easy on its traders to rely on the broker’s trustworthiness, as it is absolutely vital for all traders to invest in regulated and licensed companies.
The company’s testimonials from existing clients also point to a regulatory license from New Zealand, but the broker hasn’t provided any NZ licensing information on its own. The company also fails to mention how it keeps its clients’ funds safe from malpractice, which really puts a tremendous strain on the relationship between the trader and the broker. We always prefer and recommend trading binary options with a regulated broker, as it provides that much-needed reassurance while trading the markets.
BinaryTilt claims to be 100% secure, but the actual regulatory protection is not far off from what one would expect from a regulated binary options company. BinaryTilt has been performing exceedingly well since its launch in 2013 and has been receiving a positive response from its existing clients. Since BinaryTilt operates from a UK license, there are largely limited opportunities for the broker to indulge in any scams, as it can have a serious repercussion on their reputation in the market as a whole.
BinaryTilt Financial Assets
BinaryTilt concentrates on ensuring a fair and transparent brokerage that not only offers a reliable service but also provides a competitive binary options product through an accomplished package. BinaryTilt has a collection of more than 150 different tradable instruments, each from Forex, commodities, shares, and indices market. The basic choice of assets provided through the platform can indeed satisfy a majority of traders, but if you are a professional trader with a range of different requirements, BinaryTilt may not be suitable for your trading needs. Search the whole index of BinaryTilt assets provided below to see if the broker offers an instrument or a collection of assets as per your requirements:
Forex: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/RUB, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR
Commodities: Gold, Silver, Oil
Indices: ASX (Australia), BOMBAY SE, DAX, DOW, EURO STOXX 50, FTSE 100 (UK), HANG SENG, IBEX 35, KOSPI, KUWAIT, MICEX10, NASDAQ, NIFTY, NIKKEI 225, RTS, CHINA A50-F, SHENZHEN 300, SMI FUTURE, SSE180, TADAWUL, TAIEX, TEL AVIV 25, TOPIX, TSX 60, NASDAQ, CSI 300, S&P 500
Stocks: 3M, ADIDAS, AIG, AIRBUS, ALIBABA, ALLIANZ, ALPHABET, AMAZON, ANZ BANK, APPLE, AXA, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF, BAYER, BHP, BLACKBERRY, BMW, BNP PARIBAS, BOEING, BP, BAT, CATERPILLAR, CHEUNG KONG, CHINA PACIFIC, CISCO, CITIGROUP, COCA COLA, CBA, DAIMLER, DANONE SA, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, DUBAI, EBAY, EXXON MOBIL, FACEBOOK, FIAT, GAZPROM, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, HITACHI, HSBC-HK, HSBC HOLDINGS, IBM, JP MORGAN CHASE, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, McDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, PETROBRAS, PFIZER, RIO TINTO, RIO-AU, S.BANK INDIA, SANDISK, SBERBANK, SIEMENS AG, STARBUCKS, TATA MOTORS, TATA STEEL, TELEFONICA, TESCO, TEVA. TA, TOSHIBA, TOTAL S.A, TURKCELL, TWITTER, VIVENDI SA, VODAFONE, VOLKSWAGEN, WYNN RESORTS, YAHOO, JAKARTA SE, SAUDI REFINERIES
If BinaryTilt manages to meet most of your requirements, then the broker is indeed a good option for your trading needs. The wide range of assets can also provide a unique opportunity for novice traders to try out different instruments and experiment with a few options to create a profitable portfolio.
BinaryTilt Payout & Position Sizes
Traders mustn’t get carried away by the promise from the broker that promises the highest payout in the industry. The broker only provides a maximum payout of 85% for the classic binary options, which is representative of the average payouts that are prevalent in the industry. In fact, other leading brokers offer anywhere from 90% to even 95% for the traditional binary options. Regardless, the broker does provide other attractive binary options such as ladder, pair, touch/no-touch, and range options, where the potential payouts can reach as high as 1500%. Of course, these high-risk options do come with some potential for massive losses, but for professional traders, these options could certainly help in achieving a higher ROI.
The position sizes are something that has us really concerned. The broker specifies a minimum investment of $10 per position and a maximum investment of $500. $10 is way too high for entering the markets, and $500 is significantly lower than the position sizes offered by other companies. It will be difficult for both small and large traders to position their strategies and money management principles, especially with the highly restrictive trading conditions. Even a reduction of the minimum investment from $10 to $1 would have aided traders significantly, but it does appear to be a major drawback for the company.
The bonus offering from the company keeps changing according to the season and its promotional campaigns. The Standard BinaryTilt bonus of 100% on deposit is offered for clients on a merit basis, as the broker is the ultimate decision maker on who is eligible for a bonus. While most traders qualify for the deposit bonus, there is a chance where the broker might refuse to issue the bonus on legality terms or other conditions. The seasonal promotions offer gifts, prizes, and electronic gadgets, which keep changing according to the company’s marketing strategies. Regardless, BinaryTilt has one of the best bonus programs available in the market.
Binary options trading is mostly facilitated through proprietary trading apps, as brokers find it easy to develop a dedicated trading interface with their own set of trading conditions. Of course, there are third-party platforms on offer from some of the leading binary options developers, and BinaryTilt has opted to provide the SpotOption platform, which is the most popular binary options platform in the market. The platform is a web-based interface that can be accessed through a browser and offers all the basic elements that are found in a conventional binary options platform.
The BinaryTilt SpotOption platform has just about the right number of features, trading tools, and graphics to offer a pleasing visual trading environment. In terms of reliability and performance, SpotOption is one of the absolute best in the market, and it can provide a rather dependable trading platform for both new and professional traders. The web browser-based platform also prevents the need for any installation, which allows traders to trade on any device remotely. The Web Trader is indeed perfect for both desktop and mobile traders.
Traders do get to choose between classic binary options or FX/CFD trading, along with the opportunity to trade binary options products such as Pairs, long-term, 60 seconds, one touch, ladder, and limits trading. The SpotOption platform also offers the unique ability to copy other traders through their Social Trading feature, which is one of the prominent features of modern-day binary options trading.
BinaryTilt Mobile Trading Platform
Mobile users rarely opt for the browser-based platform, as they require the convenience and flexibility of a dedicated mobile trading app. It is indeed good news for traders that there are BinaryTilt mobile apps for both iOS and Android users, which can be downloaded from the Google Play and Apple iTunes Stores. The BinaryTilt apps are also pretty ordinary in relation to the competition, as there aren’t any novelty features that make them stand apart. Regardless, the mobile platforms do work well for traders and can provide a reliable trading environment.
BinaryTilt Minimum Deposit
Depositing money into the BinaryTilt trading account is fast, seamless, and secure. Traders can start trading with a minimum deposit of $250, which although not too high, offers the perfect compromise for both small and large traders. Depositing funds through Credit/Debit cards, Skrill, and Neteller promises instant transfer of funds, while wire transfers may require traders to wait until the funds arrive in the broker’s account. Traders must be careful with the minimum deposit option of $250, as the minimum position size of $10 can result in a drastic loss of trading capital for consecutive losing streaks. Therefore, it is absolutely vital to position your sizes to perfection, if you plan on enhancing your chances of success.
Withdrawing from BinaryTilt is a bit of a tedious affair, as the broker only allows traders to make one free withdrawal per month. The minimum withdrawal amount is $50, and all withdrawals made after the first free withdrawal will be charged at $25 per withdrawal request. The withdrawal fees are not inclusive of the transaction costs, which means that traders must be cautious about the transaction charges while making their withdrawal.
There is also a 7-10 days delay in processing a withdrawal, which is quite significant. Most wire transfers take only up to 24 hours for a successful transaction, and the week-long delay does not impart much confidence in the broker’s credibility. We would really recommend BinaryTilt to consider improving its transaction speed, especially as traders will be a bit concerned about the lack of regulation of the broker.
BinaryTilt Customer Support
The customer interaction team at BinaryTilt is not as professional as some of the more accomplished service providers in the industry. Despite the availability of 24X5 customer service channel through email, live chat, direct phone, and web support, the average response time, the efficiency, the knowledge, and the expertise are not up to industry standards. Of course, the broker seems to be working on this issue, but the company has a very small team of customer service representatives, which is hindering the prospects of the company. Customer support is a key aspect of a financial company, and it is necessary for BinaryTilt to improve in this regard. There have been several improvements over the years, but there is still room for improvement.
BinaryTilt welcomes all traders to its service and promises to make a professional trader out of every person who signs up for an account. BinaryTilt offers advanced charts, technical & fundamental analysis, trading tips & strategies, and an education centre that are designed for all categories of traders. The BinaryTilt trading resources seem to be targeted towards novice traders, rather than professionals and the broker’s account conditions also point to a platform that is more oriented for beginner traders. Nevertheless, professional traders can also utilise the company’s services for minimising their risk and capital outflow.
- More than 150 instruments to choose from.
- SpotOption platform provides an excellent trading interface.
- Exclusive access to mobile apps for iOS and Android.
- 100% bonus for deposits.
- Minimum deposit starts at $250.
- Minimum investment of $10 and a maximum investment of $500 per position.
- Not a regulated binary options broker.
- The absence of demo account.
Can I Sign Up For A BinaryTilt Demo?
No, BinaryTilt does not offer a demo account.
What Are The Minimum/Maximum Position Sizes?
The minimum investment per position is $10 and the maximum investment is $500.
What Is The BinaryTilt Bonus?
BinaryTilt offers an excellent bonus of up to 100% on the deposit amount.
Does BinaryTilt Offer Mobile Platforms?
BinaryTilt has a dedicated mobile trading platform for iOS and Android devices. Traders can also use the Web Trading interface through the browser on their smartphones or tablets.