Snap Cash Binary Scam

As a binary options trader, you might have come across trading robots meant to automate the trading process. Now, if you are here, you have probably heard about the Snap Cash and are eager to know if it is a binary scam. Unfortunately, it appears that this trading system is a hoax and should not be trusted by traders.

If you want to learn more about how this scam functions and why you should avoid it, take a look at these details below:

What Is Snap Cash Binary?

One of the first things this system does to lure you in is to use an introduction video to outline how Snap Cash actually works. In this video, you will be introduced to Austin Ford, the inventor of the binary options trading system. The creator will give you some information about himself, including the fact that he is a self-taught coder. It doesn’t appear that Ford has much experience in financial trading, however.

Snap Cash Binary is a scam! Use one of the trusted brands instead. Sign up with HighLow

Not to mention, there isn’t any information about an Austin Ford at all. When you research him, there are no links to be found, which further casts doubts on who he is. Also, when watching the video, the main presenter does come across as a paid actor. This can be said for many individuals featured in this video.

You are meant to gain insight into how Snap Cash works in the video. Nevertheless, Ford doesn’t actually give you much detail about how the system works. At one point, he mentions that it is similar to “Snapchat”, the multimedia messaging app. There are no other instructions on how you are meant to use the system.

Overall, here are some of the warning signs to watch out for in this presentation video:

  • Irrelevant and over-promotional shots
  • Sparse information about the product
  • Requests personal information
  • Staged situations
  • False information regarding binary options trading

How Is Snap Cash Binary Supposed to Work?

Now, let’s take a look at how this trading system is meant to work and why this may be a red flag to watch out for. Essentially, this works on two different levels:

The Unlicensed Brokers

As mentioned, this binary options trading system is based on robots and trading signals.

Therefore, you need to sign up with certain brokers to be able to utilize the platform. This is the first obstacle you should be concerned with.

The Snap Cash system will only propose unknown brokers that have no real credibility. Therefore, if you do sign up with them and lose your money, there may be no way to recover it.

The Software

As stated, unless you sign up for the system yourself, you can’t tell how it’s meant to function.

This is because Ford doesn’t offer any real details about it. The only information he does provide is that a trade option will pop up on your phone every so often.

At this point, you will have the choice to either go ahead with the trade or decline it. There is a limited time to make such a decision as it expires shortly. It is uncertain whether you will be offered any other information regarding that particular trade.

It is rather apparent that this isn’t a legitimate system. You are not provided with any solid evidence, and the entire platform seems to be based on a shoddy design. This is further proof that it isn’t a system that you can trust.

False Promises

Perhaps what really stands out about this system is all the promises Ford makes to his subscribers. He boasts about how much money he has made and virtually guarantees that you can do the same as well.

The reason why this comes off as a scam is because the promises aren’t realistic.

See, Ford claims that you can make thousands of dollars in a day. He then goes onto say that you can make more in a week with this app than you can all year working a 9 to 5 job. So why does this appear to be a false promise? Well, binary options are like any other form of trading – it carries a certain level of risk.

This means that at one point or another, you are bound to make a wrong move or trade. You will lose the money you have invested in this trade when this happens. Therefore, it is highly unlikely that you will be able to earn thousands of dollars within a single day. There are many scams like this.

There is also the fact that this platform almost specifically focuses on inexperienced traders. This is because most novice traders don’t understand how binary options are supposed to work and have even less knowledge regarding trading signals. As such, they are the easiest victims for these type of hoaxes.

No Legitimate Attachments

Many binary options traders have become used to the idea of dealing with unlicensed brokers. In fact, you may have used a few yourself. Still, there is a good chance that many of these brokers had a good reputation and were highly regarded in the industry.

The same can’t be said for the brokers put forward by the Snap Cash system. For one thing, none of them are licensed and aren’t overseen by any regulatory agency. Thus, you would find it quite difficult to report them, should something go wrong.

If this weren’t enough, Snap Cash doesn’t really have much credibility either. All the testimonials appear to be fake. The few positive reviews given are fraudulent as well.

They merely talk up the advantages of the system without offering any real insight into the features and functions.

In conclusion, it is apparent that the Snap Cash binary options is a scam. There is no evidence to show how this system is supposed to work or even what you are meant to do as a trader.

Additionally, the ‘founder’ of the system makes outrageous claims that the platform can’t possibly live up to. Therefore, when considering all this information, it is best to stay away from the system due to its malicious intent.

Go here to check out the top rated brokers that are not a scam.

Go Markets Australia

GO Markets was founded in 2016 and while it is first and foremost, a Forex trader, it is now also one of the most recognized and reputed binary options brokers in the world. It is based in the Australian financial sector.

Go Markets Australia

The first thing for a binary options trader to know about GO Markets is whether or not it has been licenced by the Australian Securities & Investments Commission or ASIC. After all, being a government regulated broker reassures clients that they are not being scammed. As it turns out, GO Markets has obtained a licence from the ASIC which requires rigid standards to be maintained before issuing one.


  • 24 hour customer service on weekdays
  • Pay-out ratios up to 80%
  • Low minimum trade of $5
  • Free educational tools
  • Cashback refunds up to $250 AUD


  • Available in very few languages

Go Markets Platform

Being a Forex broker, GO Markets Australia uses a trading platform based on META Trader 4 which is oriented around more traditional forms of trading. It has since been adapted to facilitate binary options trades as well.

For trading in binary options with GO Markets, you will be required to also download an MT4 plugin called FX Lite for MT4. It can be accessed by using the same login details from your MT4 account.

The binary options trading process is further improved by the inclusion of a widespread range of MT4 trading tools called MT4 Genesis.

gomarkets screenshot
MT4 Genesis Session Map

It also presents freshly designed options like a Session map, Correlation Trader, Sentiment Indicator, Terminal window and Mini Terminal.

The only types of accounts offered by GO Markets are a standard account and a Pro account. The Standard account is for new comers and the Pro is for more experienced traders. Both accounts are identical in standard features.

However, only Pro account holders are entitled to more advanced services like access to MT4 Genesis, VPS, and Autochartist. All traders are open to use the GO Markets Demo account which can be utilized for free along with $100,000 in virtual money.

GO markets enables its binary options traders to know precisely how much they stand to make out of their trades. This is made possible because GO Markets displays the exact pay-out ratio between the trade and return on the trade. This is calculated according to the amount that was initially invested.

GO Markets Minimum Deposit

The minimum requirements of GO Markets are quite simple regarding its range of accounts. New traders have to make an initial deposit of $200 to open a standard account while more experienced traders will be required make an initial deposit of $500 to open their Pro accounts. For new accounts, GO Markets offers a bonus worth 10%. It also offers a $250 refund but that is only for Forex traders.

There is no shortage of methods when it comes to depositing money with GO Markets Australia. The easiest one is to use either your VISA or MasterCard debit or credit cards since the deposit can be processed immediately. If you are a binary options trader in Australia, BPay would be the most commonly used method. If you are not from Australia, a simple wire transfer between banks would do. GO Markets also accepts some third part payment processing companies.

Out of all the licensed and regulated brokers in Australia, the pay-out ratios offered by GO Markets are impressive. On average it is around 75% but for certain assets, it goes as high as 80%.

GO Markets has an impressive customer service setup. There are available to traders from all around the world at all times. They can be contacted via phone or email if assistance is required. There is also a physical office location, which can be quite rare among binary options brokers. All of this only increases the authenticity of this broker and makes it a suitable options for new traders.

GO Markets Broker Alternatives

Plus500 Australia – This broker accepts Australian traders and they have a great reputation.

HighLow – If you are interested in binary options, then highlow is one of the best brokers for AU traders.

Is Go Markets Good or Bad?

All things considered, GO Markets remains a very reputable and reliable binary options trading broker in the Australian financial sector.

It features an advanced trading infrastructure that is immensely beneficial and accessible to clients. Go Markets can execute trades relatively quicker than most of other brokers. It is a good choice to go with as your binary options broker.

Ayrex Australia

ayrex-logoWhat is Ayrex? Does Ayrex accept Australian traders?

Ayrex is a binary options trading broker headquartered in Charlestown, Nevis in the Caribbean Sea.

Started only in 2014, it has since come to be known as a reputable and trustworthy broker thanks to its highly competent and trustworthy service to its clientele.

Sure enough, transparency in the business and high responsiveness to client traders is one of the top priorities in the company’s policy.

What We Liked

  • Highly focused on customer service and satisfaction
  • Simple and elegant trading platform
  • High bonuses offered on substantial initial deposits
  • Decently high pay-out rates
  • Demo account option available

What We Didn’t Like

  • Unregulated operations
  • Limited variation in available Options

ayrex-australiaAyrex was founded in 2014 and is owned by Advanced Binary Technologies Ltd. Despite the fact that many traders seem to trust it and recommend it within their own circles, this broker firm still remains ironically unregulated by any government financial agency.

It is a plain fact that as prospecting binary options trader, you should avoid an unlicensed and unregulated broker at all costs as you run the risk of being scammed and having your money extorted.

This time though, it seems we have arrived at an exception. The disturbing bottom line is that even a fully regulated binary options trading broker is capable of fibbing and scamming you; just that that is far more unlikely to happen than with an unregulated broker.

However, being a fairly recent addition to the industry, rest assured it is only a matter of time before Ayrex joins the community of licensed and regulated brokers. It is already praised as such.

Trading platform

The trading platform offered by Aryex is incredibly fast. It is able to execute almost all of its trades in under 30 milliseconds. This will be of great assistance to traders particularly executing trades that last for under a minute. As a trader you also have the ability to close a trade before its assigned time of expiry.

Of course, the online platform is fully accessible on your Android or IOS device. A wide range of options are available as are numerous assets to trade in. The main three types of binary options on offer are High/Low Options, Short Term Options and One Touch Options.

Ayrex Australian Accounts

Traders can only maintain one active account. A demo account is also available even during weekends when mainstream markets are inactive. Most notably, there is also an option for opening an Islamic account, one that is in accordance with Sharia laws and offers trading that is void of interest, commissions and other fees.

Even a trading platform specific to this account has been developed for Muslim traders. It all adds up to some serious customer service from an unregulated binary options broker.

The minimal initial deposit required for opening an account with Ayrex is merely $5. Any deposit made upwards of $100 and under $499 will be aided with a bonus of 10%. For deposits between $500 and $999, that bonus can go up to 20% and for deposits made over$1000, it is 30%.

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Pay-out rates are on the high side with Ayrex, going up to 89%. Typically though, the pay-out rate fluctuates more modestly between 80% and 83%. In terms of assets, a moderate number relative to other binary options brokers is available with Ayrex. It offers over 50 assets consisting of stocks, indices, forex and commodities.

Customer service

Customer support from Ayrex is available 24 hours a day on all 5 weekdays. Customers can get in touch via telephone, email or a live online chat on the official website.

Is Ayrex a good choice for Australian traders?

While being unregulated is its greatest weakness, Ayrex still maintains a high level of trust and reputability among its clients thanks to its efficient customer service and high quality of standardized features.



Core Liquidity Markets Australia

Core Liquidity MarketsCore Liquidity Markets was founded in 2013. Core Liquidity Markets accepts Australian traders. Registered as a Forex and binary trading options broker, Core Liquidity Markets is also known as CLM Forex.

It has since managed to extend its business operations across Australia and into international finance.

It has garnered a reputation for being a reliable and well regulated binary options broker. Core Liquidity Markets has been licensed by the Australian Securities & Investments Commission. The license is further evidence to prospective clients, that it is a legitimate binary options broker and hence there is no risk of being scammed. The ASIC is a very strict regulator of all its licensed brokers operating in Australia.


  • Availability of the Meta Trader 4 Platform
  • Pay out rate up to 85%
  • Supports multiple deposit and withdrawal methods
  • Regulated by the ASIC
  • Withdrawals processed within one day domestically


  • Traders cannot trade in indices or stocks

One of the fundamental things to get right as a broker in binary options trading is an easy to use online platform for subscribed binary options traders. Fortunately, Core Liquidity Markets offers a wide range of such platforms to suit as many customers as possible.

Some of the online trading platforms on offer are SignalTrader, FXLite Web Trader, MYFX, MT4 and MT4 Mobile. The platforms also work in tandem with Meta Trader 4 so it is possible for traders to access and analyze prices in real time before placing trades on them.

Traders at Core Liquidity Markets are offered fairly old-fashioned contracts on binary options. Clients can either place a Call option or a Put option depending on where they think the price is going.

Core Liquidity Markets does not offer stocks and indices to be traded.

The expiry time periods for binary options consist of

  • 60 seconds,
  • 5 minutes,
  • 10 minutes,
  • 15 minutes,
  • 30 minutes, and
  • 60 minutes.

cmlforexCore Liquidity Markets does offer a demo account for free but only for 30 days.

The maximum pay out offered by Core Liquidity Markets on a successful trade option is 85%, one of the highest anywhere. In order to open a live account for the first time, a deposit of at least $250 will need to be made. The equivalence in Australian dollars, Pound Sterling, or Euro can be deposited as well.

Which are the best alternatives to Core Liquidity Markets?

The best alternative is IG Markets Australia. This broker also accepts Australian traders, and they have a steller reputation in the trading industry.

Payment methods such as Credit cards, bank wire transfers, Neteller, China UnionPay and Skrill are all accepted by Core Liquidity Markets. The same applies for withdrawals.

Traders can withdraw a minimum of 50 in the currencies of AUD, USD, GBP and EUR. The withdrawals can be made with a credit card, debit card, Neteller, China UnionPay or Skrill. For bank transfers, the minimum amount that can be taken out is $100 or the equivalent in AUD, GBP, or EUR.

It usually takes between 3 and 5 business day to process bank wire transfers internationally.

For transfers taking place within Australia, it normally takes between 1 to 2 days. Other methods are usually processed within a day.

Another advantage offered by this broker is fund protection. This is because of the clients’ funds are placed in accounts in the Commonwealth Bank of Australia (CBA).

These are segregated so that they cannot be used for any business related activities on behalf of Core Liquidity Markets.

Core Liquidity Markets Minimum Deposit

While traders are expected to deposit at least $50 dollars into their account, they can trade with a lot less.

Core Liquidity Markets requires their traders to trade with a minimum of 1 AUD, EUR, GBP, or USD.

cmlforex-australiaYou can contact Core Liquidity Markets for customer Support either by email, phone or via a live online chat on their official website. These options are available to all traders associated with Core Liquidity Markets, even international ones.

The question of which is the best binary options broker in the business is almost impossible to decide since each trader has a unique, objective standard.

How Good is CML Forex For Australians?

Overall, Core Liquidity Markets has been deemed a very good broker to partner with for trading in binary options.

It is strictly regulated by the ASIC so clients feel secure enough to invest in large sums without any fear of exploitation. On top of that, traders have the option of choosing from a variety of different trading platforms to trade on.

Customer service is also highly reputed among all clients, those that have only just begun trading as well as the more seasoned traders as well.

Pepperstone Review

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Pepperstone is a trading platform based in Australia. You can trade forex, options, cryptocurrencies and many more assets.

  • Minimum Deposit: AU$200
  • Great Support Team
  • ASIC Regulated (AFSL #414530)
Promo: Earn Qantas Points for every trade » Sign up now

Pepperstone is an Australian trading platform. It has maintained a glittering image within the online trading community since its launch in 2010.

Pepperstone’s reputation is not based solely on hearsay. It is actually one of the most celebrated brokers in the industry being awarded many times for its efficiency and innovative platform.

Among its most noted accomplishments is winner of the Governor of Victoria Exports Awards in 2014, and the award for the fastest growing company in the nation by BRW Magazine for the same year.

It facilitates a wide range of trading styles while complying with the strict regulations of the ASIC. That makes it a reliable choice of broker for traders. Outside of the island continent, it also has offices in Dallas, Texas, and Shanghai.


Innovation is one of Pepperstone’s strong points and when it comes to accounts, it certainly does not hold back. A trader is greeted with many different options for trading accounts.

For regular traders, there is the Edge Standard account which uses Institutional Grade STP Spreads and does not charge any commissions. Advanced and EA traders are expected to use the Edge Razor account which uses Raw ECN Spreads and charges a commission of $3.5 for every trade worth 100k.

Then there is the platinum account designed for Active traders and Institutional partners. It affords a relatively high level of service as well as better ECN EDGE execution. It is a fairly exclusive account that even comes with its own relationship manager.

Muslim traders can make use of the Islamic account which features a forex swap rate so that trading positions can be held overnight and without any interest in forex trading.

Finally, there is the demo account which is good news, especially for novice traders still getting to know the system.

Pepperstone’s demo account uses the highly reputed MT4 platform.

And while the variety of trading accounts is admirable, the range of available trading assets is not too bad either, featuring currencies, commodities, and soft commodities as well.

As a trader, you will be able to run multiple accounts simultaneously, in which case you can receive assistance from the MAM Multi Account Manager.

Trading platform

pepperstone-trading-appWhen it comes to technology, few brokers out there that can hold a candle to the technological advancement of Pepperstone. The main feature of its trading platform is the EDGE environment known for its brisk pace at executing trades while also maintaining a minimal width on the accompanying spreads.

Another crucial benefit of EDGE is that it allows you to trade ECNs directly on the MT4 platform. It also gives you a great deal of depth into the market.

The electronic trading system for pepperstone is the result of a collaboration with the NASDAQ listed firm, Equinix.

Numerous auto trading and social trading systems such as Mirrortrade, ZuluTrade, MyFXBook, RoboX, and MT4 signals are available at Pepperstone. Moreover, they enable you to make identical copies of other systems on your account.

Also at Pepperstone, your Mt4 account is compatible with almost every operating system, including major ones like iOS, Windows, OSX, and Linux without any requirement to download or install them. There is also a wealth of charts, technical analysis, and real-time data indicators too.

Pepperstone also offers several auto trading and social trading systems such as ZuluTrade, MirrorTrade, MyFXBook, MT4 signals, and RoboX, all of which allow you to make perfect copies of other systems on your own account.

At Pepperstone Webtrader, your MT4 account can be accessed on almost any major operating system – iOS, Windows, Linux, OSX – without having to download or install it. In addition, Webtrader offers traders with charts, technical analysis, and indicators of data in real time.

Deposits and Withdrawals

You can make deposits at Pepperstone with either a credit or debit card, bank transfers and online payment schemes such as Neteller, WebMoney, Oiwi, and Skrill.

Meanwhile, traders have to submit an online form before making withdrawals. A withdrawal, if made via a bank wire transfer, will take anywhere between 3 to 5 days to be processed.


All things considered, Pepperstone is very much at the forefront of the trading business. It offers a diverse and advanced array of forex trading technology that is also matched by a 24-hour customer support service.

Few other brokers perform at the same standard.

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Binomo Review

Among the countless trading platforms available for futures contracts, there are those that stand out significantly from their competitors.

One such company is Binomo, which for several years has been holding the leading position in all sorts of rankings.

Let’s take a closer look at this company’s services in order to understand why it attracts online audiences from all over the world.

Visit Binomo

Well, Binomo is a professional platform for trading futures contracts, and its name is a part of a brand belonging to one of the major players on the financial market – Stagord Resources Ltd. with its management office in Cyprus.

The Binomo company first appeared in its niche on the financial market in early 2014, and since then it has already established itself as a high-tech, client-oriented, reliable, and safe platform where beginners can make a successful start and professionals can implement their bravest trading plans.

It’s apparent that the founders of Binomo had the initial goal of becoming a truly large company, in which the most innovative technologies for financial trading would be implemented in combination with good trading conditions.

Sign-up, account type selection, and trading conditions

The sign-up process on the Binomo site has been simplified as much as possible – all you need to do is fill in a special form with a minimum of data:

After that you only need to confirm the sign-up through the link sent via email and then enter your personal information in your account on the company’s website. By the way, the company’s site is secured by COMODO cryptographic SSL protocol, which protects personal data and client funds from hackers.

Next you will need to choose the type of trading account, which will mainly depend on the amount of money that you transfer to your account:

  • only the DEMO account is opened for free (it is assigned immediately when you open an account and it offers an inexhaustible amount of training money – this account also allows you to use all services of the company)
  • from $10 – Standard account
  • from $500 – Gold account
  • from $1,000 – VIP account

When crediting an account, the company provides an opportunity to take advantage of its bonus program – up to 85% in bonuses on the amount credited for the first and subsequent transfers of funds in one payment.

The company offers the most popular electronic payment systems for account crediting, such as Webmoney, Neteller and PSB, Visa/MasterCard, as well as cryptocurrencies that will be converted into dollars or euros at the current exchange rate:

Thus, the company allows you to start trading with just $10 in your trading account. At the same time, the following will also be available to you:

  • minimum lots from $1
  • a weekly cashback service of up to 10%
  • up to 87% payouts on profitable transactions
  • profit withdrawals from $10
  • withdrawals of funds in 4 hours to 3 days
  • additional services for privileged Gold and VIP account types

It is worth noting that even if you do not have the money to immediately open a VIP account, you will be assigned this type of account as soon as your trading balance exceeds $1,000.

Binomo trading platform

Not only do the conditions of cooperation attract traders to this company’s site, but the main “pride” of Binomo is its trading terminal, the advanced technical functionality of which allows even the most inexperienced traders to correctly predict the value of an asset.

The Binomo platform is equipped with the following:

  • a wide-format quote chart with options for switching the type of price display, time frame, scaling, and viewing of the history of the market
  • A set of built-in indicators that can be changed
  • a set of various chart tools for determining different market patterns
  • more than 50 underlying assets in the set (instruments of the stock, commodities and foreign exchange markets, as well as cryptocurrency)
  • expirations from 1 minute to 24 hours
  • non-stop technology that allows you to continuously enter into trades
  • a convenient manual for setting up trade parameters and quickly opening contracts

The company also offers a mobile version of its platform, which allows you to trade wherever you want on Android and iOS gadgets.

It should be noted that the Binomo terminal is software of the company’s own development, that’s why it offers only the most high-tech functionality, which provides for trading at a professional level. That’s why you can find as many as 14 technical indicators there, and that’s the maximum set of market analysis tools that you cannot even find on any other trading platform, as well as a large number of all sorts of chart tools. In addition, the Binomo terminal has built-in technology for uninterrupted operation, which ensures the execution of transactions without price slips or freezes.

Additional services

Favorable trading conditions and an advanced platform are the undoubted advantages of Binomo, but the company also hasn’t forgotten about other additional services in the form of a free training program, interesting promotions, and profitable tournaments.

1)Training program

Bimono has developed an extensive training course for beginners that allows you to get the entire basic set of knowledge and skills using the following:

  • video lessons
  • an educational interactive manual
  • an exchange dictionary
  • step-by-step instructions
  • answers to frequently asked questions

2) Promotions and tournaments

Binomo also pampers its clients with various promotional offers that provide free contracts, additional bonuses, and temporary use of additional privileged services.

The company also regularly holds tournaments among its traders where it’s possible to win huge monetary rewards from generous prize funds. Moreover, even traders with only the demo account can take part in tournaments and get real cash prizes since all competitions are held on the tournament account and only using virtual money.
Conclusions about Binomo

After analyzing the services of Binomo we can unequivocally say that this is far from an ordinary company, of which there are hundreds on the market.

This is a real professional firm that invests huge funds into its development and constantly maintains the reputation of a professional and profitable trading platform.

Thus, we can safely recommend this company, both for beginners and for professionals.

Visit Binomo


Plus500 Review

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Plus500 is one of the most trusted site if you want to trade CFD on Options, Forex, Crypto, etc. They accept Australians and the minimum deposit is really low.

  • Minimum Deposit: AU$100
  • No Commissions
  • Licence issued by FCA, CYSEC and ASIC (#417727)
Special: Low Spreads For All Traders » Sign up now

* Plus500 is a CFDs service
* Your capital is at risk
* Risk disclaimer: CFDs are leveraged products and can result in the loss of your capital.

Plus500 is a reputed site, where you can trade CFDs (options, forex, crypto, indices etc.).

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Plus500AU Pty Ltd. has a licence issued by ASIC (Australian Securities & Investments Commission) and the licence number is AFSL # 417727. This means that they can legally operate in Australia as well.

Plus500 is a CFD provider, and they do not offer binary options trading.

The site accepts traders from Australia, New Zealand in addition to other countries, however Plus500 does not offer its services in the United States.

Let us get into the Plus500 review and explore how they perform in other areas.

Plus500 Accounts

A trader can sign up for 2 types of accounts with Plus500, either a demo account or a live account. The demo account can be activated with no underlying charge at all while the live one requires a minimum initial deposit of 100 AUD before activating. The maximum leverage assigned to forex accounts is at 1:300.

Trading Platform

plus500Plus500 gives its traders access to one of the most intuitive, unique, and user-friendly trading platforms as well as technical analysis. Its platform allows you to access a plurality of markets on the same screen, while also supplying real-time information on quotes on each of the assets being traded.

The list of instruments you can trade on the Plus500 platform is big. It includes CFDs on foreign exchange, cryptocurrencies, commodities, stocks, ETFs, and indexes.

Apart from being easy to use even for a first time trader, the platform offers another big benefit. It has an all-inclusive trading screen with top mounted tabs containing details on completed trades and existing positions as well as numerous opportunities for trading in markets.

Charts can also be referred on the platform although they will have to be viewed separately as the software for that does not permit the same screen to show more than one graph.

There are different existing versions of Plus500’s trading platform. There is a downloadable version intended to work on your desktop computer or laptop or any other, the App version will make the platform accessible from your Android or iOS mobile device, and also you Apple watch.

Deposits and Withdrawals

There are multiple ways by which you can fund your Plus500 account. We have listed them below.

  • Visa
  • Mastercard
  • Wire transfer
  • MoneyBookers

We recommend either Visa or MasterCard over the others as they are a faster way to commence trading. However, supporting your account using MoneyBookers/Skrill is no less difficult. Making a deposit by wire transfer is also a simple task but the processing time takes up to 5 days to complete.

You will get an email so you can keep tabs on the details. As we stated earlier, your initial deposit needs to be at least 100 AUD (or 500AUD for wire transfers). Also, the details of the wire transfer will be forwarded to your bank along with the minimum and maximum sum that can be deposited through a wire transfer.

When it comes to making a withdrawal, you can get an idea of how strict the regulations are when you take a look at the elementary requirements attached to it. A customer must provide a photo ID either from their passport, driver’s licence or another official identity document and also verify their address.

It will not be too a tedious a task since you can upload the information as a pdf, tif, jpeg, or file directly onto the Plus500 trading platform. You will have to wait an additional 24 hours for the files to be reviewed. On the off chance that your identity document cannot be scanned, you can simply photograph with your camera or smartphone.

Customer Support

Customer support from Plus500 can be accessed via email and also an online chat forum in multiple languages. The services are available 24 hours a day at 7 days a week. The reason we have not mentioned telephone support is that that option is not available here.

However, it will only be an issue if, by some chance, a trader loses their internet connection or their pc crashes. Apart from that though, the service runs reliably and smoothly.

Licence Information

Plus500 is one of the most widely recognized trading sites around.

Plus500AU holds Australian Financial Services Licence #417727 and Derivatives issuer licence in New Zealand, FSP No. 486026, thus authorized to provide its services to Australian and New Zealand residents. Plus500AU is also an Authorized Financial Services Provider # 47546 in South Africa.

In addition, Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

In our experience it is always better to open a trading account with an authorized provider, rather than an unauthorized one.


So long as you are a trader from Australia or New Zealand, we would very much recommend Plus500 as an extremely competent and quality site to trade with. New traders particularly will find the demo account very resourceful, for getting their eye in with the market and developing sound trading instincts, without having to put their own funds on the line.

Meanwhile, the more experienced traders can benefit off of the tight dealing spreads and attractive bonuses on hand for their initial deposits. The platform itself is substantive and is remarkably simple to navigate.


Vantage FX Review

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VantageFX is a forex and binary options broker with a valid Australian ASIC license. The broker is owned by the Australian company Vantage Global Prime Pty Ltd.

  • Minimum Deposit: AU$100
  • Maximum Payout: 85%
  • MetaTrader 4 Trading Platform
Welcome Bonus For All New Traders » OPEN ACCOUNT

Vantage FX Binary Options Review

Vantage FX is a broker that has been around for some time now. The broker was first established in 2009 in Australia. This broker began its endeavors as a Forex broker which is what it is quite famed for.Nonetheless, they did grow to include binary options trading among their services as well.

Now, several years later, Vantage FX has accumulated a considerable number of binary option brokers too. While Vantage FX deals with brokers from all over the world, it does not conduct trades with traders from the United States, however. This broker offers quite a few interesting options. Let’s take an in-depth look at Vantage FX for a better idea regarding the Australian broker.

Broker Name VantageFX
Location Vantage Global Prime Pty Ltd – Sydney, Australia
Regulation ASIC Australia
Minimum Deposit AU$100
Minimum Trade AU$10
Welcome Bonus Contact support.
Maximum Payout 85%
Free Demo Account Yes – $20.000 Demo Account

Types of Accounts with Vantage FX

You can choose to set up one of two accounts with Vantage FX. These accounts are more than just binary options accounts, however. They also have other features such as FX trading. As such, you will be given access to other trading platforms as well, if you to choose to utilize them.

The account that is easiest to access is known as the Standard STP Trading Account. This is because it requires a lower minimum deposit. For just $100, you will be allowed to set up this account with Vantage FX. With this, you will be able to access numerous markets – up to 112, in fact.

vantage-fx review

In addition to binary options trading, you will also have the opportunity to take part in social trading as well as one click trading. Once you have set up the account, you can choose to engage in these activities as well. There is no commission involved with this account, even if you do make a profit on one of your trades.

The other account is one that requires a higher minimum deposit and is known as the Raw ECN Trading Account. As such, this is best for traders that are involved in high volume trades. With this account, the execution type is ECN instead of STP as with the previous account. For you to register with this account, you will have to deposit at least $500 in the beginning. You will have access to many of the same features that Standard STP account holders do. If you are engaged in just binary options trading, you will not be charged a commission. However, if you decide to take part in other forms of trading, you will be charged a 3 percent commission per lot.

One of the perks of using Vantage FX is the superb demo accounts that they provide traders with. You can choose to opt for the demo account that only strictly deals with binary options trading. You will be given $20,000 in virtual cash to learn your way around the trading platform. If you like what this platform has to offer, you will have the opportunity to choose to join one of the accounts.

There are other demo accounts as well, however. You can find a trial version of both the Standard STP account as well as the Raw ECN account on the website. You can try each of these options out before you make a decision regarding what is best for you. You will then be able to move on to the full length version of the platforms.

Vantage FX Certification and Licensing

vantagefx-screenshotOne of the reasons that traders of all types are attracted to Vantage FX is because it is a credited broker. In fact, it is one of the few binary options brokers that can boast such credentials. The broker has received a license from the Australian Securities and Investment Commission (ASIC).

In addition to this, all of their clients’ funds are not stored with Vantage FX. Instead, it is stored with the National Australia Bank. This is done to make sure that the traders’ funds are kept secure and separate. Furthermore, these funds have also been insured by SJ Catlin and Lloyds of London. All of these measures prove that this broker is trustworthy and also greatly concerned with the safety of their clients’ funds.

Review of Vantage FX Trading Platform

There are two ways to access the binary options trading platform with Vantage FX. One of these involves directly heading to the trading platform. The outline of the platform is quite similar to the ones that other brokers use. As such, it is easy to understand and place trades with. Here, you will be able to choose from High/Low Options, One Touch Options, Boundary Options, and Short Term Options.

You can also use the Metatrader 4 trading platform. It is typically referred to as MT4. With this platform, you will be able to access your binary options trading as well as all of the other trading features available with Vantage FX.

Withdrawing and Depositing with Vantage FX

Vantage FX offers traders the options of withdrawing and depositing funds through a variety of methods. This can vary from bank transfers to debit cards and credit cards. You can also choose from Neteller, POLi, Skrill, and BPAY. There is also the option of broker to broker payment.

Vantage FX, as a broker, does not charge traders anything for either depositing or withdrawing money. However, depending on the method that you are utilizing, the third parties involved may charge you a fee that you will have to pay.

Is Vantage FX Good?

Vantage FX is undoubtedly one of the more licensed and regulated binary options brokers in the world. This alone makes them a good broker to deal with. When considering the additional services that they offer, including good customer service and strong trading platforms, Vantage FX is the perfect broker especially for Australian traders.


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TR Binary Options Review

Rating: rating
TRBinaryoptions is a good binary options broker for Australians, even though it’s one of the lesser known brokers.

  • Minimum Deposit: $200
  • Maximum Payout: 81%
  • Accepts US Traders: No
Promo: Welcome Bonus » Sign up now

TR Binary Options Broker Review:

TR Binary Options has been operating online since 2011. In the last few years, it has gathered a following of dedicated Australian traders. In addition to its above-board operation, this broker is also quite generous with its educational support and learning features.

As such, traders of all expertise are able to utilize TR Binary Option Services with ease. The considerable number of assets and the high returns are just a few other aspects that influence most traders to join this broker. It should be noted that the broker does not accept traders from the United States.

Here is an in-depth look at what TR Binary Options has to offer:

Account Types and Bonuses

TR Binary Options gives traders the choice from five account packages. Depending on the minimum deposit that you want to place as well as the services that you require, you can choose accordingly. Here is what you need to know about these accounts:

The most basic account is the Mini account. To be eligible to this account, you must first deposit $250 dollars. At this point, you may receive a 25 percent bonus. In addition, you will get access to educational videos, webinars, and an eBook to help you get started.

The next account is the Starter account. Here, you are expected to deposit at least $1000 dollars into the account. At this point, you will be entitled to a 35 percent bonus. You will have access to the same features as the Mini account, with the single addition of receiving market reviews as well.

The Silver account is the one that is most highly recommended by TR Binary Options. In order to get access to this account, you will have to deposit a minimum of $5000. This will afford you all of the services offered with the Starter Account. You will also get an Account Manager and get admittance to a VIP webinar and academy sessions. With the Silver account, you will have to choose between a 50 percent bonus and one risk free trade.

The Gold account is one that requires a $10,000 minimum deposit. Once you have made your deposit, you can select from a 75 percent bonus, three risk free trades, or one guaranteed profit trade. In addition to the services mentioned previously, you will get two academy sessions instead of one and a tablet option.

The last package is the Platinum one with a required minimum deposit of $25,000. This entitles you to the same advantages as the Gold package. However, you get five academy sessions, and two webinars. You are also entitled to the same-day withdrawal processing. With this account, you can choose from a 100 percent bonus, five risk free trades, or three guaranteed profit trades.

Licensing and Security

TR Binary Options is not licensed by any recognized authority. However, as there are many binary options brokers that are also unlicensed, this is not cause for concern. Furthermore, this broker has been operating for five years and has received commendation for its services. There have been no reported wrongdoing or nefarious activities.

trbinaryoptions review

TR Binary Options utilizes the best in security. This is to ensure that all sensitive information remains safe and secure and cannot be accessed by other parties. This broker has the security system SSL (Secure Sockets Layer) in place. This means that important details are encrypted.

Software Review

TR Binary Options has the trading software SpotOption. This has earned a reputation as being one of the best trading platforms around. The graphics of the platform are really good, helping to enhance the overall experience of the trader. You can also choose from multiple options including One Touch, High/Low, Ladder and Pair, and Long Term Options. There are also other expiration dates available.

Broker Name TR Binary Options
Location Cheshire Capital LTD – United Kingdom
Regulation n/a
Minimum Deposit $200
Minimum Trade $10
Depositor Bonus Welcome bonus
Maximum Payout 81%
Free Demo Account Yes

On this trading platform, you can place trades on commodities, stocks, currency pairs, bonds, and stock indices. All of the details of each available trade as well as trade history are easily accessed with this platform.

Withdrawals and Deposits

You can choose to either deposit or withdraw your funds in a variety of ways. You should be informed, however, that regardless of whether you are depositing or withdrawing money, you will have to provide certain documentation. With TR Binary Options, you will be able to handle funds through most of the major credit cards. You can also use wire, bank transfers, and Neteller.

The minimum deposit on TR Binary Options is $250.

In most instances, you will not be charged to withdraw your money. Nonetheless, if you will be using a wire transfer, you will be charged $30. Also, you will not be allowed to withdraw more money than what you have invested.

TR Binary Options is definitely at the very top on lists of some of the best binary options brokers around. This broker operates transparently and offers many different features and services to traders. Furthermore, traders can choose between a great number of assets to place trades on. All of these features prove that TR Binary Options is a premium binary options broker.


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Opteck Review

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Opteck is CYSEC regulated binary options broker, that accepts Australian traders. They have one of the highest payouts in the industry.

  • Minimum Deposit: $250
  • Maximum Payout: 86%
  • Mobile Trading App
New Depositor’s Bonus: 3 Risk Free Trades » Sign up now

Opteck Binary Options Broker Review:

Opteck has been in business for a while, operating since 2011. In this period, it has managed to gain an impressive reputation as well as many traders from all over the world including Aussie traders.

It is estimated that this binary options broker has over 40,000 traders all over the world. Opteck does offer trading services to individuals most nations with the exception of the United States. This broker has earned the trust and respect of traders by being a concise, efficient, and legitimate binary options broker.

Australian traders can get 3 Risk Free Trades if they sign up via this special page

Here is what you need to know about Opteck:

Account Types, Bonuses, and Additional Features

Opteck offers traders the options to engage in one of the six accounts that they have. The cheapest and smallest account is the Green account. The one that requires the greatest minimum deposit is the Black account. According to Opteck, the Silver account is the one that offers the best options for traders.

opteck review

  • The Green account: requires a minimum deposit between $250 and $499. For this, traders will receive a 25 % welcome bonus and learning aids such as books and educational videos. You will also receive daily market reviews via email. Traders are also offered support by Live Chat or the phone.
  • The Bronze account: entails minimum deposits between $500 and $999. This entitles you to a 35 % bonus. You will be afforded all of the same services as with the Green account. In addition, you will be provided with $5000 in virtual money to use with demo platform. You will also have an introduction meeting with a Junior Account Manager.
  • For the Silver account, you will be expected to deposit between $1000 and $4,999. With this account, you will be given $10,000 in virtual cash to use in the demo. You will also have a 45 % welcome bonus, an introduction meeting with a Senior Manager, and an introduction webinar. Furthermore, you will be given up to 20 Trading Signals each day. This is included with the other features of the previous accounts.
  • The Gold account: requires a minimal deposit between $5,000 and $9,999. Along with the standard features, you will also have a strategy session with a Senior Manager, +1 % payout, 20 to 30 Trading Signals, and 2 webinars. You will also be provided with $15,000 for the demo account. With this higher account, you will also be expected to invest a minimum of $50 in your trades.
  • The Platinum account entails a minimum deposit of between $10,000 and $24,999. You will be given many of the services of the previous accounts in addition to a few others. For instance, the strategy session will be conducted with an Executive Account Manager. You will be given up to 40 Trading Signals each day and be informed of any major market events. There is also an 85% welcome bonus and you will get to have private sessions with a Senior binary options Analyst, along with a private access line. You will also be given $25,000 in virtual money for your demo account. However, you will have to invest at least $100 in your trades.
  • The largest account is the Black account a minimum deposit of between $25,000 and $50,000. This will give you a 100 % welcome bonus and +2 % extra payout. You will also get to hold weekly sessions with Senior Analysts. You will also be given up to 50 Trading Signals and $50,000 for your demo account. The minimum amount per trade, nonetheless, will begin at $250.

Security and Licensing

Opteck has a significant advantage among many of the popular binary options brokers – it is a certified broker. Opteck has been licensed by the CySEC in Cyprus. Therefore, you as an Australian trader, can be confident that you are dealing with a legitimate entity.

They also have incredible security. All of the information and exchanges that take place internally and externally of Opteck are encrypted with a 128bits SSL certification. They also have a management team in place to access risk and any security threats.

Software Review

Opteck utilizes a software that has been designed and implemented by the team at Opteck. This trading platform is incredibly easy to use as well as understand. There is also an equally well-designed mobile platform as well. Traders will be able to trade on the go.

Broker Name Opteck
Location Centralspot Trading Limited – Cyprus, Europe
Regulation CYSEC
Minimum Deposit $250
Minimum Trade $25
Welcome Bonus 3 Risk Free Trades
Maximum Payout 86%
Free Demo Account Yes (contact the customer support)

The Opteck trading platform gives traders the opportunity to place trades with stocks, indices, commodities, and currencies. They are also numerous options for each trade. This includes High/Low Options, One Touch Options, Range Options, and Quick Options. The trading platform is also incredibly secure as it is encrypted with RapidSSL.

Deposits and Withdrawals

With Opteck, you can both deposit and withdraw funds using a variety of strategies. This includes credit cards, debit cards, electronic payment systems, and bank wire transfers. The method that you choose is what will determine just how long the processing time will take.

The minimum deposit on Opteck is $250.

If you wish to withdraw funds, you should know that there is a minimum amount in place. This, too, is dependent on the method of withdrawal. For most systems this amount is $50 but with a wire transfer the minimum is $100.

Opteck is a licensed and credited binary options broker. It has accumulated a considerable number of traders from Australia and continues to be quite profitable. This is largely due to the numerous assets, excellent trading platform, and the overall services offered. This and more is the reason that Opteck is considered to be one of the best brokers for Australian traders.