First Binary Option Review

First Binary Option
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Overview

First Binary Options is a binary options broker focusing mainly in the English and Russian Speaking market. A group of financial experts who were familiar with the operations of the… more

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Details

Broker First Binary Option
Website URL https://www.firstbinaryoption.com/
Founded 2011
Headquarters Cyprus
Support Types Email, Live Chat
Languages English, Spanish, Russian, Portuguese, Arabic
Trading Platform First Binary Option Platform
Minimum 1st Deposit $5
Minimum Account Size $5
Minimum Trade Amount $1
Maximum Trade Amount $1,500
Bonus 100% Bonus
Payout 80% (+15% cashback) up to 765%
Free Demo Account Open Demo
Account Types Standard
Deposit Methods Bank Wire Transfer , Cash-U , Credit Card , Debit Card , OKPay , PerfectMoney , Przelewy , QIWI , Skrill , Sofort , Webmoney , Western Union , Wallet1
Withdrawal Methods Bank Wire Transfer , Cash-U , Credit Card , Debit Card , OKPay , PerfectMoney , Przelewy , QIWI , Skrill , Sofort , Webmoney , Western Union , Wallet1
Option Types Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CDFs
Account Currency USD, EURO
US Traders Allowed No
Mobile Trading Yes
Overall Score 4

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Demo Account
  • High Returns
  • Simple Platform

Cons

  • Poor Support

Full Review

First Binary Options is a binary options broker focusing mainly in the English and Russian Speaking market. A group of financial experts who were familiar with the operations of the OTC (Over the counter) market designed the platform. What distinguishes First Binary Options from other brokers is their platform claims to enhanced for mass usages by myriad customers concurrently.

It may sound complex to some traders, but the platform is very easy to use, all options and functions are labelled clearly. Payout ratios are very good up to 80% return on investments and a 15% refund is also offered for unsuccessful trades. Demo account is also provided for beginners. However, there is no asset list formulated as of yet and the broker still does not support credit card withdrawals.

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