BinaryMonster - Binary Broker Review
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Many online trading platforms are similar and they do not offer unique proposition. There are some of them who proclaim something but turned out to be a dud.
And there are many of them offering different kinds of leverage like huge payout, trader friendly platform, and wide assets to choose from. Binary Monsters has all these conditions yet they promise a different way to trade.
One of the ways to detect that there is nothing different with this brokers from others is that it has the same process in order to trade. That is, registering an account, deposit a fund to the account, and begin to trade.
When you click on the tab “ways to trade,” you think that there are educational materials in there however; it is their way of telling traders to deposit, trade, and withdraw funds.
Is Binary Monster A Different Way of Online Trading?
If you want to know more details about binary options trading, Binary Monster provided helpful guide on their “How To Trade” tab. Click on it and you will learn terms like underlying asset, binary option contract, forecast or prediction, close now, and roll over.
One thing that makes trader hesitate about this broker is the lack of information about them. There are no security seals and accreditations that will make some trader suspect that this broker might toy around with money. Fortunately, they provided redundant ways to contact them through email, physical address, and land based phone number.
What is unique with this broker? According them, there are two ways which traders can increase their chance of earning well with Binary Monster; close and rollover. Close is a function where trader can terminate transaction before the expiration date.
This is to minimize losses. Roll over is a function where trader can extend expiration date to increase chance of hitting the predicted outcome. Well, other brokers offer similar thing too.
Given the fact this broker offer similar proposition with other online brokers? It is a yes given the fact that trader find it easy to navigate the trading platform and with quick transition from page to page.