The BinaryTilt options trading platform is fairly new, but has already created a reputation for itself. We haven’t done a whole lot of binary options broker reviews as of yet, but the brokers we have reviewed or warned you against all deserved some extra attention, and BinaryTilt is certainly a broker that we want you to know about.
Read the full review since we have important information for you if you are an existing customer of theirs.
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According to their website BinaryTilt was incorporated in New Zealand in 2013, but it is owned and operated by Chemmi Holdings Limited (company number: 9870892) located at: Suite 50, 2 Old Brompton Road, London SW7 3DQ, United Kingdom. In New Zealand they located at #228 Queen Street, 4th Floor, Auckland 1010. Their location makes BinaryTilt uniquely different from most other binary brokers in the sense that it is regulated by New Zealand’s Financial Markets Authority (FMA) and not the Cyprus Securities Exchange Commission (CYSEC).
Update – June 2016: We haven’t received any additional follow-up complaints after our article hit the internet, so it appears that the Binary Tilt complaints we received might have been unwarranted. We believe in being fair in our reviews, so our Binary Tilt review has been changes to mildly positive unless we receive any further complaints. We do think that the fact that they are regulated in New Zealand counts a lot in their favor.
Award Winning But Can BinaryTilt Be Trusted?
According to their website, they won an award from FXEmpire for their trading app, and I must agree that it does look easy to use and innovative. However, none of that matters if you cannot trust the broker, think about that.
Their particular innovation is that you can trade directly off the chart, and it appears that they give easy access to trading options, although it is a bit concerning to see that their easy trading buttons start at $50, and not the more common starting level of $25. They do allow trades from as low as $10, so that does count in their favor.
All of this means nothing if you cannot trust the broker. We have recently received some very worrying news of Binary Tilt complaints. We will keep our ears to the ground for any new Binary Tilt complaints and if we get updates from BinaryTilt we will update this review. (Please see the update at the top of this article.)
We urge you to carefully consider your options, and to take the best action to protect your money and your account. We do not recommend that you sign up for a new account with BinaryTilt at this time, and if you are an existing customer, we urge you to exercise extreme caution. If you try to withdraw your money and you meet resistance, remember that you can always file a credit card dispute with your bank and since they are a regulated broker. If you have Binary Tilt complaints you can also file your Binary Tilt complaints with the New Zealand Financial Markets Authority if the broker does not respond to your requests.
BinaryTilt Unique Features
The most special aspect of BinaryTilt’s trading platform is the “Option on Demand” trading contract. With Option on Demand, BinaryTilt’s traders have the choice to open several positions on a particular asset at any moment while the asset is still being traded.
Another fairly distinct feature of BinaryTilt is that they also provide a demonstration account for those who are interested to evaluate the platform, but do not wish to run the risk of using any real cash. We see this function as being unique for the simple factor that only a handful of binary brokers are willing to provide this facility.
BinaryTilt Platform Trading Features
The required starting balance is $350, which we think is rather steep, especially if you consider that binary options brokers such as TradeThunder let you open an account for a little more than the cost of a pizza. Due to the fact that they apparently modified the MarketPulse trading platform, some users that are familiar with other binary options trading platforms might find that the interface and trading options are somewhat different.
BinaryTilt also provides trading “bonuses” and as always, we want to caution you against signing up for bonuses unless you are very sure of the implications, so take some extra time to read their terms and conditions and fully understand what is required of you to qualify for the additional money they want to place in your account.
BinaryTilt Options Trading Platform Review Conclusion
Overall this broker appears to have some innovative options, enough for them to have won an award for it. We respect the fact that they are a registered broker that is under the oversight of the New Zealand Financial Markets Authority (FMA). However, it is always advisable to do your own research and come to your own conclusions. After all, it will be your money that will be in the trading account and you need to be comfortable with your broker.