BinaryTilt Review Scam Complaint
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BinaryTilt is a binary options broker that offers its clients to trade on the SpotOption binaries platform with the trading conditions that are standard. It also provides a section dedicated to education under traders’ guide and technical and fundamental analysis on its website. In contrary to most of the binary options brokers, BinaryTilt offers only a single type of account for trading. Below, is a thorough review on BinaryTilt and its trading conditions.
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About the BinaryTilt:
BinaryTilt is owned and operated by a UK based company, Chemmi Holdings Limited, which also operates MaxCFD. BinaryTilt was founded in 2015, but till now it is not registered either in UK or anywhere else. The broker offers its clients Currencies, Indices, Stocks and Commodities for trading. The options it provides for trading are Call/Put, 60 sec, Long term, Pairs, One touch, Ladder, Limits. The minimum initial deposit requirement is fair enough at $250, however some other brokers ask for a minimum of $100. The minimum bet size is $10 with this broker which is standard for the industry. But, one can choose a binary options provider with lower levels which allows them to bet a smaller portion of their account on every single trade.
BinaryTilt brokerage supports one of the most popular platforms in the binary options market, which is the web based SpotOption. Moreover, the broker also uses this platform for its CFDs and Forex trading. This trading platform is internationally recognized as a one of the leading software developers, and most of the leading brokers use this platform. The broker offers some pretty bonuses to its clients, such as Welcome bonus on-deposit up to 100%. However, there the broker doesn’t allow its clients any withdrawals until a trading volume of 40 times of the bonus is reached, which add up to some additional risks of losses.
Is BinaryTilt legit or scam?
Besides of various advantages, BinaryTilt is an unregulated broker that has a bad reputation in the market. The broker has been listed in several warning lists of the Australian Securities and Investment Commission, the British Columbia Securities Commission, the Canadian securities regulator, the Ontario Securities Commission of Canada, as well as New Zealand FMA. Moreover, there are thousands of complaints by its clients of cold calling, refused withdrawals, and many more. Therefore, it is a scam broker and it is not at all recommended to invest with this binary options broker.