IMPORTANT UPDATE AND WARNING: We have received complaints and read many negative reviews on the internet about AlphaBinary possibly using indecent practice towards traders. Although AlphaBinary is regulated, we can not recommend opening a trading account with them.
AlphaBinary (AU) Broker Review
AlphaBinary is Regulated by ASIC (Australian Securities and Investments Commission) Under License Number 422 662
AlphaBinary is new to the trading scene, and accepts European and Australian traders. Their Cyprus-based division is regulated by CySEC, while their Australian products are regulated by ASIC, a strict regulatory agency who doesn’t accept many brokers.
This broker review is about AlphaBinary’s Australian division found on au.AlphaBinary.com.
Trading With AlphaBinary (AU)
AlphaBinary’s trades and prices run on the SpotOption software. Their popular trading platform gives investors access to over 180 trading instruments, which include currencies, commodities, indices, and stocks.
What really takes AlphaBinary to the next level, in our opinion, is the vast number of ways it allows investors to profit trading binaries. Available ways to trade include:
- Traditional binary options
- Pair trading
- Long-term trading
- Chrono options
- One Touch options
- Ladder options
- Spot Forex/CFD’s
The ability to trade binaries on the Spot Forex market with leverage up to 1:500, including protective stop loss and take profit levels, it what most traders, no matter their experience trading binary options, will find most appealing about this broker. If you have a few bad binary option trades, just switch over to Forex!
Types of Accounts
Alpha Binary offers four account types, which require initial minimum deposits ranging from $250 to $100,000. Accounts can be funded in USD, AUD, EUR, and GBP. Unfortunately, the only banking methods they offer are credit card or bank wire transfer. But because of its strict regulatory status overseen by Australian-based ASIC, traders can freely make deposits without the need to worry about their account’s safety.
AlphaBinary’s account features are pretty diverse. All accounts get access to daily and weekly market reviews, while certain accounts get a one-on-one training session, a personalized finance officer, trading signals and even access to higher payouts.
AlphaBinary is the perfect binary options broker for Australian investors looking for a local, trustworthy, dependable company. Their SquareOne educational center is catered to beginners and even advanced traders, while their support team is run in-house and is incredibly helpful. AlphaBinary is a regulated broker you can trust, and the fact that this is one of the few brokers who offer Forex trading should make this an easy decision for any serious investor.