Markets: Forex, Commodities, CFDs Accepts US Clients: Yes Min. Deposit: $5 Payouts%: 80% (+15% cashback) up to 765%  Overall Rating: 4.6 / 5   (Based on 12 User Reviews)
 

First Binary Option Review

 

First Binary Option Video Review:

Set up recently in 2011, First Binary Option Service is a binary option trading platform catering to both the English speaking Russian speaking market. The platform was designed by a group of financial professionals that are familiar with the workings of the Over-the-Counter (OTC) market.

What is different about First Binary Option Service trading platform is that the platform is said to be optimized for mass usages by a large number of clients simultaneously. With the platform, a client can start trading in small denominations contracts without employing the use of margin facilities.

Trading Platform

At the first glance, First Binary Option Service trading platform seems to be totally different from most conventional binary options brokers trading platforms. However, once we have looked past the fact that the platform is just labelled differently, it is quite easy to use. All the main functions are labelled clearly and users can easily select any of the options from the drop-down list provided. 

Types of Trades

With regards to contract types, First Binary Option Service offers their clients five (5) types of contracts.

High/Low

With High/Low option contracts, traders place a “CALL” contract if they feel that the expiration price of the traded asset will be higher than the opening price. Conversely, if they feel that the expiration price will end up lower than the opening price; they will need to place an option for a “PUT” contract.

No Touch

No Touch options contracts can be “UP” or “Down”. By selecting “UP”, a trader is specifying that he wants the expiration price to be above the current price of the asset. With the “Down” selection, the traders want the contract to expire below the current price of the asset. These types of contracts require that the expiration price of the asset do not “touch” the selected price level. 

One Touch

With One Touch options, traders will expire in the money if the strike price of the asset will exceed a predetermined level. However, the trader needs to determine what this price threshold will be. 

 

In Range

With “In Range” binary options, the trader need to ensure that the expiration price of an asset does not exceed a predetermined price range. 

 

Out Range

“Out Range” binary options, being the opposite of In Range options, require that the expiration price remain outside the predetermined price threshold. 

Closed Contracts

One additional feature which the First Binary Option service has over most brokers is the “Closed Contracts” feature. This feature shows traders the closing date and time of any particular assets. There is also a clickable calendar which allows traders to look at the historical trading “close” for that particular asset on that particular day.

Payout

Depending on the type of asset traded, First Binary Option Service clients can earn up to 80% returns on their investment for those successful trades. Unsuccessful trades will still return a refund of up to 15%.

Asset List

Through the First Binary Option trading platform, traders have the ability to trade in over 40 types of asset.

CFDs Commodities    Forex

Alcoa Inc.
JP Morgan Chase Co
Hewlett-Packard Corporation
Intel Corporation
Caterpillar Inc
American International Group Inc   
APPLE
BOEING
COCA COLA
DISNEY
GENERAL MOTORS
IBM Corporation
McDonald’s
MICROSOFT
GOOGLE

Brent Crude
Gold
Platinum
Silver

AUD/CAD   
AUD/CHF
AUD/JPY
AUD/NZD
AUD/USD
CAD/CHF
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/AUD
GBP/CHF
GBP/JPY
GBP/NZD
GBP/USD
NZD/CAD
NZD/CHF
NZD/JPY
NZD/USD
USD/CAD
USD/CHF
USD/JPY 

 

Reliability

For the conveniences of their clients and to enhance their reliability, First Binary Option offers their clients several methods of depositing and withdrawing funds. These include:

  • Skrill Moneybookers
  • Liberty Reserve
  • OK PAY
  • RBK Money
  • WebMoney

 

Withdrawals of funds are usually processed within 24 hour.

Customer Support

First Binary Option website comes in two (2) versions, English and Russian. Currently, there is only support on Live Chat and email. Email support is available for technical and finance related questions. Enquires can be made directly to the respective email addresses listed below:

  • Financial department: finance@firstbinaryoption.com
  • Technical support: support@firstbinaryoption.com

 

Pros

  • Fast efficient execution of trades
  • Uncomplicated trading platform
  • High Returns on Investment
  • High Refund rates
  • Demo Account

 

Cons

  • No support for credit card withdrawals
  • Asset list is still in formulation stage

 

Conclusion

Although First Binary Option Service can still do with some minor tweaks, the platform does have their strong points and is quite appealing to those who are still new to binary options trading. The way the trading platform is arranged ensure that everything required for the trade lies in front of the trader. The drop-down list is definitely a refreshing change. 

First Binary Option User Reviews


Knowledgeable support guys

The customer support people were quite helpful with my all inquires.

Pros:Professional support guys. Like their platform as well.

Cons: No far none. I guess it’s still too early to tell

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

Comfortable and professional trading platform

Unique platform, different from the most on market, easy manage of trades.

Pros:The maximum percentage of the payment of all companies that I know - UP TO 765% per trade

Cons: It would be nice to add new trading tools

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

VERY GOOD

VERY GOOD TO DIEAL WITH. FAST DILIVERY.

Pros:VERY GOOD

Cons: HAPPY WITH MY ITEM

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

the best company ever!!!

i'm realy glad to find such a good company! good support and the biggest payouts, and their platform is very convenient! thank you guys!.

Pros:good platform, support, big payouts

Cons: didn't find

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

Timely withdrawal process

Withdrawal request got processed within 24 hours and money received in less than a week.

Pros:Great returns with 85% plus 15% refund rates

Cons: It’s true that the tradable assets can be more but I guess it’s because that they are still new.

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
5
4.8
 
See all 10 user reviews

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