BinaryTilt is not new to us in the market and neither is it among the forefathers of binary trading as it was established in 2014. The broker is owned and operated by Chemmi Holdings Limited which is also known for having several other binary options domains. This broker uses the Spot Option platform which in today’s market is not quite astonishing as other brokers use more specialised and complex platforms.
The website is user-friendly and clients can easily find any info required conveniently. However, the website is too flashy with a lot of pop-ups which can be a turn off for a number of clients. As for the BinaryTilt demo account, it is readily available and has provided a forum for users to be able to practice their trading skills before committing any money.
The broker has 59 assets to offer its clients and they include 26 Forex pairs, 11indices, 33 stocks which are mostly EU and US-based companies, and 3 commodities which are oil, silver, and gold. The expiration times vary from short terms which include 60seconds, 5 minutes, 10 minutes, and 30 minutes and long terms which are the end of the day, week or month. Continue reading this BinaryTilt review as we uncover more about this broker and advise you whether it’s a do or a don’t.
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Is BinaryTilt A Scam? Is BinaryTilt Regulated?
BinaryTilt started at the top but crumbled down over the recent years and recorded a significant drop in its traffic which raised concerns that BinaryTilt Scam is an unavoidable reality. When doing further research we noted that this broker is not regulated and has not only one or two complaints but several warnings from regulators all over the world. Australia’s AISC announced this company as a scam, Canada’s OSC strictly warns against trading with this broker and Japan’s JFSA has said that this broker is nothing but a fraudster.
As traders engage in Forex trading innocently, the broker comes up with scam account managers who are only after swindling one’s money. Another great scam is the 100% bonus scam that they offer to entice new members. The bonus requires a 40x trade volume in order to withdraw and even after that, the transaction process is still delayed or fails to complete. You cannot also ignore the never-ending complaints from clients claiming that they have lost money and suffered at the hand of this company. All these negative reviews and comments clearly overshadow any positive comments about the broker. But this doesn’t mean there aren’t any good brokers out there, continue reading this review as we advise you which broker suits you best in the next section.
Alternatives To BinaryTilt
BinaryTilt might have a flashy website, lenient bonuses and high-quality customer service but at the end of the day what matters most is the ability of clients to trade and sadly this broker fails in that. Options such as Markets.com and IQ Option are great forex and stock brokers. They provide reliable platforms to trade on and are also regulated meaning they are safe and secure, and you don’t have to worry about your hard earned money. Trading couldn’t be any easier with these two brokers and you can check out their reviews on our page to find out more about them and other features that they offer.