BinaryTilt.com is an older, established broker with a new look. The broker recently changed its platform from Tradesmarter to SpotOption and I have to say I like it. Tradesmarter is a decent platform but SpotOption is a smarter one. BinaryTilt is also a regulated broker and provides a safe environment for social trading.
Risk Free Trades
The Geek’s BinaryTilt.com Review
BinarTilt.com is owned and operated by Depix Holdings Limited, a Cyprus based investment company located at 38 Karaiskaki Street, Limasol Cyprus. The company is a subsidiary of Sumo Forex Limited, a New Zealand registered and regulated broker. Sumo Forex LTD, registration number FSP 411486, is located at 228 Queen Street, Auckland 1010, New Zealand. As part of the New Zealand FSP it is subject to the rigorous oversight of the FMA and is part of the Dispute Resolution Scheme required for all registered members.
The benefits of switching to the SpotOption platform are vast. This broker now offers a full range of option types, the largest listing of assets, one of the most versatile arrays of expiry and the most features found anywhere on the internet (except on other top level SpotOption based brokers of course). If you have never used a SpotOption broker before let me summarize….
- Option Types – this broker has standard high/low options (calls and puts), Pairs, One Touch, Ladders and CFD/Forex. Pairs are like trading forex but instead of two currencies such as the EUR/USD you trade two commodities or two stocks matched up against each other like Gold/USD or Google/Microsoft. One Touch require the asset price to touch a preset strike only once and allow for off-hours trading. Ladders are my favorite, they are similar to high/low but are in effect an over/under trade. The platform lists a series of strikes, you choose if the asset price will finish above or below that strike. To round it out they also have CFD/Forex which is standard spot forex trading for when you are ready to graduate to more advanced trading and bigger payouts.
- The Asset List – Most brokers will show you a full list of assets, not many follow through and actually support the assets on the list. This broker has a full list and supports trading of all assets on it. Some, such as stocks and indices, are only available during the market hours they are naturally open. In all, there are over 150 to choose from with about 2 dozen forex pairs, more than a dozen stock indices, 6 commodities and dozens of stocks.
- Expiry – Binarytilt.com has a full, and I mean full, list of expiry. Short term options include 30 seconds, 60 seconds, 2 minutes, 3 minutes and 5 minutes. Intraday expiry are listed every 15 minutes and go out for an hour from the current time. Long term expiry run from end of day to end of week, end of next week and end of each week out for several months. All in all more than enough for any trader, trading style or signals, and superbly suited for versatile traders utilizing multiple strategies, time frames and signals.
- Features – SpotOption has the most features of any platform and this broker uses them all. The charts can be displayed in lines or candle view. They have a strategy adviser which provides Bollinger Band, Moving Average and RSI analysis. They have Double Up, Rollover and Sell which allows for money management, cutting losses and maximizing profits. They have the Option Builder which allows you to choose your own risk/reward profiles. And they have a full collection of videos training tools.
Banking With BinaryTilt.com
Banking at BinaryTilt is easy and safe. The broker holds all client monies in segregated accounts and accounts are backed up by the Dispute Resolution Scheme. The minimum deposit is only $250 and gets you access to all the trading and tools described but larger deposits come with additional benefits. These include signals, enhanced payouts, cash back on trading volume and quicker withdrawals. Signals come on the Trading Dashboard that includes streaming news from Bloomberg and an economic calendar. Enhanced payouts up the return on your trades by as much as 3% for the highest level accounts. Speedy withdrawals mean processing of requests as quick as instantaneous which means you can get your money as quick as same day when using eWallets like Skrill or MoneyBookers.
Deposits and withdrawals can be made be wire transfer, credit card or eWallet. They support multiple eWallets including Skrill, MoneyBookers, CashU, WebMoney and many others. Withdrawals are processed within 3 days at which time you will be notified by email. It may take up to 7 additional days for the money to show in your account if you do not qualify for expedited processing. EWallets have the fastest turnaround time and may show back to your account the same day requests are processed. Minimum withdrawal is only $50.
Bonuses are available up to 100% depending on your deposit size. Turnover is 40X times the bonus amount, if your bonus is $1000 that means $40,000 in trade volume. Other bonuses include Risk Free Trades and Cash Back. Risk Free Trades have the same turnover, 40X, while Cash Back is dependent on maintaining a minimum balance and executing a monthly turnover minimum. The highest level account, Priviledged, requires a $50,000 deposit and gets 3% cash back monthly with 3X turnover.
Social Trading At BinaryTilt.com
BinaryTilt.com does not support iFollow copy trading but they do have several copy trading features. They have trader sentiment and signals trading from the Dashboard if your deposit qualifies. Regardless, the asset list, expiry and option types are perfect for anyone involved with a social trading group and allow for trading on any time frame.