Broker Info

Company Name:

Binary Globes

Website: BinaryGlobes.com
Country: Cyprus
Year established:  2014
Broker Services: Binary Options
Assets offered:  60
Min deposit: $200
Payout: up to 85%
Funding methods: All major credit cards are accepted, along with bank wire transfers, Skrill (Moneybookers), Western Union, and CashU.
Platform Info
Trading platform:
Mobile trading: Yes
Web based: Yes

Binary Globes Review

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History and Background

Are you having a problem trading binary options with your forex broker? You are not alone. Regulatory issues are part of the problem. Back office requirements are the other reason, since trading binary options requires different back office disciplines to operate effectively. Most often, these skills can be found in far off locales and tax havens where casino gambling is prevalent. BinaryGlobes.com, however, is one of the rare exceptions in this area. The firm is owned and operated by Lead Capital Markets Ltd, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. Lead Capital also owns Stock.com, a provider of traditional forex trading services, and is headquartered in Limassol, Cyprus. U.S. clients, unfortunately, are not accepted at this time.

Cyprus is well known as a burgeoning financial center for all of Europe, and, for this and many other reasons, several binary option brokers have set up shop on this tiny island community over the past few years. When the financial crisis hit in 2013, many vacated the premises or closed their doors for business. Lead Capital remained and welcomed the stronger regulations implemented and the stiffer regulatory stance taken by CySEC. BinaryGlobes is also compliant with the MiFID (EU) and registered with the AMF (France) and BaFin (Germany). With broad-based regulatory oversight, you can be assured of deposit protection by segregation and additional safety from the local Investors’ Compensation Fund up to €20,000. New standards for order execution reliability and privacy are now standard, as well.

BinaryGlobes offers an intuitive trading platform, an abundance of asset choices, a full set of trading features, and unique option types to keep everything interesting. Their platform has that familiar look and feel. The use of color-coding communicates instantly any changes in market direction; payoff calculations are performed for you; open positions are easily retrieved for instant flexibility; and, Roll Over, Double Up, Sell Early, and charting tools can be accessed with handy toggle switches. Nearly sixty asset choices can be expanded to over 100, if you use the unique pairing options. Traditional Call/Put options are standard, together with Speed (i.e., Turbo), One Touch, and Ladder options. Payoffs range up to 85%, with rebates as high as 10% in some cases. Ladder and One Touch options offer the highest payoffs, sometimes as high as 1000%. If you want the convenience and full service transparency that is closely associated with a traditional forex broker, then look to BinaryGlobes.com, a fully regulated binary option broker. 

Features

  • Owned by Lead Capital Markets Ltd, the owners of Stock.com, a traditional forex broker;
  • Headquartered in Limassol, Cyprus;
  • Regulated by CySEC, MiFID, AMF, and BaFin;
  • Client deposits segregated and protected by the Cyprus Investors’ Compensation Fund up to 20,000 Euros;
  • Nearly sixty asset choices (Currency pairs – 12; Commodities – 7; Stocks – 20; Indices – 20) that can be expanded to 100 with Pair Options;
  • Totally web-based trading platform is intuitive and easy-to-use;
  • Mobile applications available for iphones and androids;
  • Roll Over, Double Up, and Sell Early features are supported;
  • Option choices include traditional Call/Put for long, mid, and turbo expiry periods, weekend One Touch offerings, and unique Ladder options that allow for enormous payoff potentials, up to 1000%;
  • Payoffs on standard options are as high as 85%, with up to 10% rebates on selected asset choices;
  • Professional multilingual Customer Support area is accessible 24/5 via live chat, email or phone;
  • Welcome bonuses and promotions are available.

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Accounts

  • Minimum deposit equals 100 USD or EUR;
  • Single account classification for simplicity;
  • U.S. customers not accepted at this time;

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Transactions

  • BinaryGlobes accepts major credit cards, debit cards, bank wire transfers, Carte Bleue or WebMoney.
  • The minimum credit card deposit may be 100 USD or EUR.
  • Withdrawal requests will be quickly approved and processed, as long as internationally mandated identity information (Picture ID, Address confirmation, and credit card picture) is on file and in order.  

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Platform

The BinaryGlobes’ trading platform is easy to use, and it has the familiar look and feel of most other binary industry platforms. You can quickly assess any changes in the market by the helpful color-coded messaging provided. Roll Over, Double Up, and Sell Early features are also right there on every screen for easy access, as well. Trader sentiments appear beneath handy charts, and open positions are listed on the screen. Percentage payoffs and rebates are translated into actual currency amounts, wherever possible, to enhance recognition capabilities while trading. Mobile apps are also supported.

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Information

The BinaryGlobes’ Education Center is designed to provide basic materials for beginners, including information about binary options, how to trade them, a glossary, and FAQs. Market commentary is under development and will soon be added on a daily basis.

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Support

Professionally trained customer service representatives are multilingual and eager to answer your questions. Their objective is to get you up and running quickly to enjoy a successful trading experience. They can be accessed globally “24/5” during each day’s trading cycle. You may reach them via live chat, email, or phone.

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Safety

Client deposits are segregated in Tier-1 bank accounts and protected by the domestic Cyprus Investors’ Compensation Fund up to 20,000 Euros. Trading sessions and personal data are encrypted for security purposes, using the latest in 128-bit SSL technology.

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Conclusion

BinaryGlobes.com is a new entrant in the binary options brokerage community that has a unique association with a traditional forex broker. Both BinaryGlobes.com and Stock.com have Lead Capital Markets Ltd as their parent company. Client deposits are segregated in Tier-1 bank accounts, the local Cyprus compensation program provides additional cover, and full transparency is the name of the game when regulatory compliance is this broad-based. Asset choices, payoff ratios, and supported option types are competitive. Their trading platform is intuitive and includes many additional features to enhance your trading experience. As their website attests, “BinaryGlobes.com offers user-friendly trading options and provides you with professional and secure tools for confident trading experience.”

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