Year established: 2008
Deposit and withdrawal via WebMoney: Yes
Minimum Deposit: 5$ – 100000$
Minimum Trade Amount: 1$ – 100000$
Demo Account: Yes
Payment Methods: MoneyBookers, Webmoney, Liberty Reserve, Neteller and Moneta, Paypal, Western Union, Ukash, ClickandBuy, iPoint and InstaDebit
Languages: English, Russian, Indonesian
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Betonmarkets started Binary Options trading service as early as 2009 and until now, they’ve firmly marked their name in Binary Options industry. Betonmarkets is located in British Isles and has many offices around the world including US, Russia, Australia and Indonesia. Many traders use Betonmarkets because of their low deposit requirement, they only require $5 or equivalent amount in your respective currencies to start trading and offer many banking methods for deposit and withdrawal. Betonmarkets is recently change their name to Binary.com
Betonmarkets Account Information
It requires only about a minute to open a FREE account online, then in order to start trading with Betonmarkets, you’ll require to deposit a minimum amount of $5.Furthermore, Betonmarkets is one of the very few Binary Options brokers that provide an unlimited demo account for inspiring traders. That does help a lot since traders change and test their strategy all the time, it’s said that all traders want to test the water first before deciding to have a go with real trading.
Betonmarkets Trading Requirements
Like all other Binary Options brokers, Betonmarkets offers a web-based platform that could be used to trade all of their underlying assets and various types of Binary Options. Specially, with Betonmarkets, you’ll have more opportunities to make money because there’s sub-varieties of the regular options type. Therefore, if one knows what he/she is doing; then the chance to profit is even higher. The trading platform that Betonmarkets currently using are their own platform, however, the reliability is very high since it has served traders since 2004. Placing an order with Betonmarkets is simple and sweet, the delay time between pushing the button to the time server receive your order is absolutely minimal. Payout is pretty decent, between 70% to 350% depend on the type of options and type of asset traded.
We could easily notice an amazing feature on Betomarkets which’s the trade analysis. The feature analyses all the recent trade and no other Binary Options brokers offer this kind of analysis. Additionally, if you are new to Binary Options, you could register a FREE education webinar guide you how the Binary Options market works.
With Betomarkets, you are able to trade more than 60 underlying assets on their trading platform. That’s not the highest number of underlying asset available on a Binary Options platform but we believe that it covers all the major currency pair and popular stocks as well as commodities such as Gold, Silver. Following is the asset list which you trade with Betomarkets.
- Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and the Yen crosses.
- Stocks: Apple, Bank of America, Citigroup, McDonald’s, Microsoft and Pfizer, Caterpillar, COCA COLA, Google.
- Commodities such as corn, gold and silver, coffee, sugar and copper.
- Stock index futures such as the Xetra DAX, NASDAQ100, S&P 500, DJ30 and Nikkei 225 futures.
Below you could see what charting on Betonmarkets look like:
Betonmarkets Binary Options Types
There’s 4 types of Options available for you to profit from. Here’s the detailed list, you could click on the options type for more information on how to trade that specific type:
- Touch/No Touch Options
- Boundary Options (In/Out).
- Rise/Fall: Betonmarkets is one of the few binary options brokers that offer the Rise/Fall variety of binary options, with very fast expiry time, the fastest one is just 60 seconds
Betonmarkets offers quite flexible binary options facility where you are able to close trade manually before expiration in the event that the trade is losing too deep or you want to secure a winning trade. Of course, if you are using that feature, you’ll still loose but not as much as it supposed to be or alternatively, you’ll win not as much.
Another great feature from Betonmarkets is that they do send weekly newsletter about market reviews, platform maintances or any significant changes. This kind of communication really helps a lot because people usually check their email account more than Betonmarkets platform itself. Additionally, the newsletter about market reviews also enhances trader’s knowledge and most importantly make traders aware of upcoming news that could affect the market.
Betonmarkets Deposit and Withdrawal
Betonmarkets are among the Binary Options brokers that have quite wide range of banking method, both for funding and withdrawal options. Betonmarkets has taken into consideration to add many banking options because of the difficulty traders face if they are from Far East or not from popular countries where they has limited access to banking and money transaction methods. Therefore, funding or withdrawal should be your least of the worry when you trade with BOM. If you want to trade on BOM platform, you can use one of the following banking options to fund your trading account:
1. Mastercard and Visa brand of credit and debit card. When using this type of trasaction, you could expect instant account funding without any waiting time like Cheque or Wire Transfer.
2. Another old method of money transaction also included which’s Wire Transfer; you are limited to $5minimum transaction and could transfer up to $10,000 per se.The fee for withdrawal is $15, so make sure your account size is bigger than that amount.
3. Some of you would prefer using e-wallet payment, there’re abundant choices for you to choose from too: MoneyBookers, Webmoney, Liberty Reserve, Neteller and Moneta (all with a minimum deposit of $5). There’re also many other online e-wallet payment like Ukash, ClickandBuy, iPoint and InstaDebit. The minimum deposit is $5 and maximum transaction is $10,000 for all of this method. All deposit will be credited instantly when using e-wallet for funding, the same applies for withdrawal as well.
4. For Indonesian clients, there’s specific e-wallet for them too.
5. Paypal – the most popular online e-wallet are also available, however Betonmarkets restricts some countries from using it.
6. Western Union are also available for both deposit and withdrawal.
In order to start trading with Betonmarkets, you need to deposit a minimum amount of $5 or equivalent amount in your respective currencies, it also depends on your method of deposit. Here’s the detailed image on minimum deposit and withdrawal amount for your reference:
We basically have no problems funding or withdrawing from Betonmarkets. We’ve placing withdrawal requests a few times via Credit Card and it arrives like clockwork in around 3 to 4 business days.
Betonmarkets Bonuses and Promotions
Everyone love bonuses and for that reason, Betonmarkets doesn’t forget to offer deposit bonus for new traders. Betonmarkets offer 25% deposit bonus for first-time deposit trader, for example, you deposit $200, you would receive another $50 in your trading account.
Betonmarkets support is pretty decent, they are knowledgeable and follow up your questions or inquiries very well. You could contact them via Live Chat, Phone or Fax them via these numbers:
- Direct Phone Support: +356 21316105 or +356 21315791
- Fax: +356 25401037 or +44 207 6813557
Alternatively, you could always email them and they usually respond to your email inquiries in 24 hours in working days.
One of the bright note of Betonmarkets is their unlimited demo account which is not available in most Binary Options brokers. That basically give traders a free practice lesions while they learn how to trade. Traders could basically take advantage of it by using demo account with Betonmarkets to test their strategies while still using other brokers like 24option or Goptions to place real trades.
A slight drawback when talking about Betonmarkets is their lack of Mobile trading application on their trading platform. Smartphones and Tablet devices are dominating technology market and Betonmarkets are slightly off the pace on the technological innovations. We hope that they’ll take mobile trading platform and mobile trading app into consideration soon.
That comes to an end of our live account Betonmarkets Reviews, if you are currently trading with Betonmarkets, please comment your thoughts, reviews below, we really appreciate your participation.