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Review of PrimeBinary.com

Details

Broker Prime Binary
Website URL https://prime-binary.com
Founded 2011
Headquarters London, UK
Support Types Live Chat, Support Email, Phone
Languages English, Russian
Trading Platform In-house development
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $20
Bonus Up to 50% first deposit bonus
Free Demo Account Yes
Account Types Beginner, Standard, Silver, Gold, Platinum
Deposit Methods Credit card, Debit card, Wire transfer, Skrill, WebMoney
Withdrawal Methods Credit card, Debit card, Wire transfer, Skrill, WebMoney
Account Currency USD, EUR, AUD, GBP, CNY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.4
About

PrimeBinary, headquartered in London, is one of the most reliable broker trading platforms for online binary options. It features 24/7 telephone, email, live support and other robust customer support while providing user-friendly software. it provides clients with easy and straightforward access to the global binary options market. Free of charge registration, and bonuses across five account types ensure that traders get high returns for their time and monetary investments alike.

History and Background

PrimeBinary was founded in 2011, and its headquarters were set up in London. The website is available in both English and Russian. For more than six years, the online platform has built a strong foundation in binary trading, offering a wide range of customers online services tailored to their trading experience. Clients have the freedom to choose and switch between five trading accounts, starting from the beginner all the way to the more experience platinum traders. All traders have access to guides, tutorials, personal lessons and market reviews, so that they stay on top of the trades, whilst gaining more experience as traders. PrimeBinary uses online payment services that allow its traders easy and fast access to deposit transfers, as well as withdrawals – which are free of charge.

Services

Major financial regulators such as the UK’s Financial Conduct Authority (FCA), the USA’s Commodity Futures Trading Commission (CFTC) and China’s Securities Regulatory Commission (CSRC) stipulate that brokers keep customers’ funds separate from the proprietor’s account. Hence, for the primary benefit of its clients, PrimeBinary created segregated accounts for its traders, such that customer assets are always readily available to the customers for withdrawal. Therefore, all PrimeBinary clients can trade with peace-of-mind, knowing that their broker always has enough money on hand to pay/ reimburse them, regardless of the standing of the company’s proprietary funds.
PrimeBinary values its client’s privacy. To guarantee that traders’ personal information and details are not vulnerable to online theft, PrimeBinary utilizes SSL encryption on its website. This ensures that all financial and personal information transferred between the broker and the trader is private.

Account Features

PrimeBinary offers traders free account registration. Once a client registers through a simple validation process, they can choose to create an account from the five types offered: Beginner, Standard, Silver, Gold, and Platinum. After traders sign up with any of these accounts, they have access to trading training material, written or video, which helps clients with trading on PrimeBinary’s platform, as well as with refining their trading skills and experience. Should customers find themselves lost in a sea of information, they need only reach out to our always available friendly customer support which will help ameliorate the situation as best they can.

In order for clients to stay on top of the best trading binary options, all registered traders are given daily and weekly market reviews, with detailed information on assets and their trading values. This helps PrimeBinary’s customers make informed decisions, grow as traders and earn more from their investments. While all accounts come with personal trading lessons, e-books, and video tutorials, the Gold and Platinum accounts also offer premium provisions such as a personal analyst for the trader, a VIP account manager and a dealing center, where the clients can get access to binary options trading signals.

For a sense of minimum deposits and investments: Beginners account have a minimum deposit of USD250 and a minimum investment of USD20. These scale up accordingly, depending on the type of account the trader signs up with.

PrimeBinary offers its Beginner account holders 1 auto-trade robot and its Platinum account holders up to 10 trading robots. The auto-trade software is designed so that even beginners do not need to have extensive knowledge about trading, in order to maximize their profits. The client simply selects the option for trading, expiry time, the amount of money to be invested and the indicators that the robot should monitor.

It is an easy way for Beginner account traders to get a feel of the trading techniques, and for seasoned traders or premium account holders to spread their investments for bigger returns, while not manually monitoring the investments. Using a single button-click, PrimeBinary clients can program their auto-trading robots to their desired trading risk levels, in order to make better binary option decisions. This also gives peace of mind by allowing traders respite and allaying any anxiety of potential market fluctuation while they are away.

PrimeBinary offers its traders social trading opportunities. Trading data-feeds from the platform’s more experienced investors are collected, analyzed and made available for other traders to access, review and use in their own trades. This enables traders to make better investments and to climb quickly over the binary options trading learning curve. Overall, statistics have shown that PrimeBinary’s social trading significantly increases clients’ payouts.

Bonuses

Beginners account: There is a guaranteed 5% welcome bonus for traders who sign-up with the Beginners account. New deposits also fetch a 5% follow-up bonus for these accounts. PrimeBinary has a “Refer-a-friend” bonus promotion, through which customers can share a link with someone they refer to PrimeBinary, and get 1% off from every trade that person makes. This promotion spreads across the other account types.
Standard, Silver, Gold and Platinum accounts: The welcome bonus increases by 10% for each successive account, so that Standard account holders can earn 20%, and Platinum accounts get a 50% welcome bonus. New deposit bonuses also increase with the account type, by 5% – meaning customers with Platinum accounts get a 25% bonus.

Support

The PrimeBinary staff is available 24/7 – If clients have any issues with their accounts or trades, they can be assured of professional assistance, any time of the day. The staff is also trained to be able to help with details on trading binary options, as well as any technical issues with the platform’s services, from the moment a client registers an account with PrimeBinary. Any customer issues are resolved promptly via telephone, email and live chat.

Trading

PrimeBinary’s traders have real-time access to binary options in stocks, indices, forex, and commodities. The trading software is designed to be readily accessible to all clients, with online help at hand. The software is simple to use, with few fields to navigate and monitor. For selected binary options, traders can easily choose expiration time and trading value, and adjust these accordingly. All available trading assets are listed on the main panel, and the respective controls showed adjacent to them. This allows for easy access to vital trading information. The web page displays trading charts with high-quality graphics, for better visualization of trading option figures and values, and for straightforward price range comparisons.

Deposits and Withdrawals

PrimeBinary offers its clients simple and straightforward banking options. Traders can access PrimeBinary from anywhere in the world, and make deposit transfers using any of the major debit and credit cards like VISA, MasterCard, Chase, American Express and Union Pay. Bank wire transfers are also accepted, and they usually take up to 5 business days to process. Clients can also use net-wallet/online payment services such as Skrill (formerly Moneybookers) or WebMoney, which are low-cost, hassle-free international transfer systems. The currencies used for PrimeBinary transfers are USD, EUR, AUD, GBP, and CNY.

Withdrawals can be done using the same net-wallet/online payment services – Skrill, WebMoney. The processing time for withdrawals is usually 5-7 business days, and there are no withdrawal fees or withdrawal limits for all PrimeBinary traders, regardless of their trading account type. In order to provide a safe trading platform to its clients, PrimeBinary requires traders making withdrawals to submit identity verification documents like photo IDs and proof of address.

Conclusion

PrimeBinary is certainly at the forefront of cutting-edge binary options trading. With a slew of features and incentives to entice novices and veterans alike, it makes the process of trading seamless through an advanced trading platform. The inclusion of training materials in the form of ebooks, videos and the like only adds to the assistance for those new to trading and for veterans wishing to polish up on their skills. The bonus and refer-a-friend system both show company policies designed to promote user activity, as well as the sharing of successful trades to all members. Customer support in the form of live chat and phone support is always there to assist, making PrimeBinary a leading option for binary trading.

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