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BinaryTilt Review - is it scam or safe?

BinaryTilt Review - is binarytilt.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS
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Basic Information & Account Types

 

Minimum deposit Min bet size Payout % Platform Regulation
$250 $10 Up to 82% SpotOption No

 

BinaryTilt is a binary options broker, offering trading on the SpotOption binaries platform under trading conditions, which appear standard. Below you can find a thorough comparative analysis on this broker’s trading conditions. In addition, it provides an Educational section, traders’ Guide and Technical and Fundamental analysis on its website. Unlike most binary options brokers, BinaryTilt offers a single trading account type.

 

The Company. Security of Funds

 

Company

Country

Regulation

Chemmi Holdings Limited 

UK

N/A

 

BinaryTilt website and trademark are owned by  Chemmi Holdings Limited, a UK-based company, which also operates MaxCFD. The company is founded in 2015, registered in the UK, but not authorized to be a financial services brokerage –nor in the United Kingdom, nor anywhere else.

 

The broker has been added to several warning lists (the Australian Securities and Investment Commission, the Canadian securities regulator the British Columbia Securities Commission, the Ontario Securities Commission of Canada), and there are numerous complaints by its clients. Most customers complain of cold calling, refused withdrawals, etc.

 

No wonder binary options brokers have increasingly bad reputation lately, as many of them, especially non-licensed and offshore ones, turn out to be indulged in fraudulent practices. It seems that BinaryTilt may be one of them, so youd better select a licensed broker from our extensive list here.

 

Trading Conditions

 

Trading Options: Call/Put, 60 sec, Long term, Pairs, One touch, Ladder, Limits

Assets:  Currencies, Stocks, Indices, Commodities

 

Minimum Initial Deposit

The minimum initial deposit for clients of BinaryTilt is $250, which is average.

 

Min bet size

The minimum bet size with this broker is also standard for the industry, amounting to $10. You may choose a binary options provider with lower levels, like FinaCom-regulated Grand Capital,  which allows you to bet a smaller portion of your account on every single trade.

 

Payout amount

Depending on the Trading Options and expiry times, payout percentage offered by BinaryTilt reaches 82%, which is not among the highest returns, offered by binary options brokers. By comparison, payout percentage offered by Grand Capital ranges is up to 86%.

 

Trading Platform

 

BinaryTilt supports one of the most popular platforms in the binary options market -  the web-based SpotOption. Interestingly, it seems that this broker also uses the platform for CFDs and Forex trading.

 

The platform is internationally recognized as a leading software developer, and most of the leading brokers use their products.

 

Besides, the broker’s SpotOption provides Trader Choice analytics & and Social trading services - features, which allow traders to see market sentiment and to follow the best and most experienced traders on the platform.

 

 

Promotion

The company offers Bonuses to its clients from time to time, such as Welcome on-deposit bonus up to 100%. There are no withdrawals allowed until a trading volume of 40 times the Bonus is reached, which adds additional risks of losses.

 

Besides, BinaryTilt promises 10% of the initial deposit (up to $100) of a referred friend to each client.

 

Methods of Payment

 

There are several payment methods available to BinaryTilt’ clients: wire transfer, credit/debit cards (Visa, MasterCard, Maestro), and e-wallets Skrill, Neteller, WebMoney, Yandex, cashU, Qiwi, AstroPAy and China UnionPay.

 

Keep in mind that the minimum withdrawal amount is $50.

 

Conclusion

 

BinaryTilt is yet another unregulated binary options broker. It supports the SpotOption platform and there is nothing special about the trading conditions it offers. However, it seems that most people who deposited money in BinaryTilt, never got to withdraw any funds, and the broker’s overall reputation is pretty bad, so it is not recommended. Ro sum up the above:

 

 

Pros Cons
SpotOption available Not regulated and likely a scam
CFD and FX trading also offered Bad reputation
  Average Payouts

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Traders` reviews for BinaryTilt

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