There are a few different “AlphaBinary” brokers, but this quick review will cover AlphaBinary from www.AlphaBinary.com, a new binary options broker with a lot to offer.
AlphaBinary is run by their parent company, AGM Markets Limited, and has its main offices in Limassol, Cyprus, where they are regulated by CySEC. Their regulatory license number is 145/11.
Account Types
AlphaBinary offers four different types of accounts, which include: Delta, Gamma, Beta and Alpha. To open up a new account under their lowest account type, Delta, traders need to deposit a minimum of $250. This includes a 25% welcome bonus and access to daily and weekly market reviews and insights. Gamma, their most popular account, comes with a whopping 50% welcome bonus alongside a one-on-one trading session and even free trading signals from a third party service.
Their top two accounts are reserved for the high-rollers. Both accounts come equipped with free trading signals, a dedicated expert trader, an assigned finance officer (not many brokers offer this service), and get access to trades with higher payouts (from 87% - 90%)!
Trading With AlphaBinary
AlphaBinary utilizes the powerful SpotOption platform to execute trades. Even if you don't like trading on the SpotOption platform, you'll be glad to know AlphaBinary offers a diverse array of trading instruments and ways to trade each asset, which includes everything from classic binary option trades and Ladder trading to Chrono options and even Forex/CFD's are offered.
While giving AlphaBinary a test run, my favorite way to trade eventually became Chrono trading, Ladder options, and their Forex options, a combination not offered by many brokers.
• Chrono option trading operates similar to traditional high/low binary options, but Chrono uses much shorter time frames, which range from 60 seconds to 300 seconds. Chrono options are an excellent way to make fast trades and quick cash. Payouts stay around 70%.
• Ladder options is better used by experienced traders with a deep understanding of high/low options. Ladder options give traders the ability to make short-term profits from long-term directional trades. Each ladder option comes with several available strike levels, which looks like a ladder, and traders must determine if price will stand above or below each level as price moves forward.
• The fact that AlphaBinary offers Forex and CFD trading is was a good enough reason for me to make a deposit. Their available leverage ranges from 1:150 to 1:500. Traders can also set their own stop loss and take profit levels, with the potential profit margins being shown every step of the way.
Is AlphaBinary Recommended?
Although AlphaBinary is still new to the industry, their focus on education, trust and transparency, along with their diverse trading opportunities, is what makes this broker stand out from others. While AlphaBinary is not a perfect broker, they're definitely heading in the right direction.
