Trade binary options on over 150 instruments safely with Binary Tilt, the UK-based broker
There is currently a huge choice of binary options brokers available to traders. Different brokers offer different conditions in terms of trading platform software, tradable instruments index, tools and features such as educational resources and news feeds, with the variation anything from slight to significant. Different traders look for different qualities in a binary options broker and researching the best choice from among the crowd can be quite the undertaking.
Our review section here compiles the most important information on different binary options brokers in one place so that traders can research the options available to them more conveniently. We hope that this resource will be of assistance in helping you select the broker that best fits your needs!
In this particular review, we cover Binary Tilt.
Owned by UK-based Chemmi Holding Limited, Binary Tilt has been providing binary options brokerage services since 2013. The company was initially established in New Zealand and moved to London after attracting additional investment and expanding the geographical scope of its operations.
While the binary options brokerage service is not an industry that currently falls under the regulatory regime of the FCA in the UK, that is expected to change next year. In anticipation of regulation, Binary Tilt’s operations comply with CySEC-standards, the Cypriot financial conduct authority that provides a regulatory regime for binary options brokers operating in the EU. The broker also makes a notable effort to conduct business in a way that takes into consideration any concerns raised by financial watchdogs. Client funds are kept segregated from the company’s operational accounts and its efforts towards transparency and good ethical behavior were recently recognised by industry media Binary Options Wire’s 2016 Overall Customer Satisfaction award.
BinaryTilt works with market-leading trading software specialist SpotOption, with its platform a white label version of the industry’s most popular. SpotOption’s binary options trading software is thought to be used by around 40% of the entire industry.
The platform has not become the industry standard for no reason and placing and managing trades is intuitive. A strong suite of value-added tools and resources has been built around the core trading functionality, giving traders impressive research and analysis capacity and in-trade control.
The desktop trading platform is web-based so offers traders the flexibility of being able to log-in from any desktop device. For those who use mobile devices that are not run on iOS or Android operating systems, for which there are native apps, the web-based platform is also responsive and can be used relatively comfortably from a smartphone.
As mentioned, mobile options include native iOS and Android apps as well as the web-based platform being fully responsive to smaller-screen formats. The app versions are very nicely designed and certainly up there with the best mobile trading solutions in the binary options industry. Given a strong 4G mobile internet connection, trade execution times are excellent and there is no noticeable difference between the desktop trading platform and mobile apps in this regard.
Binary Tilt has a tradable instruments index approximately 250-strong and the four traditional asset classes of forex, commodities, equities and indices are all well-stocked and offer plenty of choice. Crytocurrency-based instruments are also well represented and SpotOption regularly expands the range of tradable instruments available on its platform.
Trading Features, Fees and Payouts
Binary options trading is based on a ‘binary’ yes or no answer to the question of ‘will the market price of the instrument be up/down on its starting position at expiry’? The level of payout varies based on how likely the broker believes the trader’s answer to this question is to be right. If the trader things the instrument’s market price will rise and the broker believes the chances they are right are high, the payout offered will be lower and higher if the broker thinks there is a higher degree of doubt. Classic call/put binary options are usually offered with expiry times of between 30 minutes and the end of the day’s trading session.
In addition to classic binary options, Binary Tilt also offers variations on this standard format in the form of these alternative formats:
Long Term options that have expiry times of up to one year allowing the trader to base their call more on fundamental analysis of the market.
60 Sec options, which have ultra-quick expiries of up to a minute. This is similar to a ‘scalping’ approach to trading, often employed in CFDs or forex trading.
One Touch options set a particular strike price, rather than simply an ‘up or down’ question. The binary option expires in the money if that strike price is touched by the market at any point before the final expiry time set.
Ladder options are an extension of the One Touch format and have tiered strike prices. The further up or down the ladder of tiered strike prices the instrument travels before its expiry, the higher the payout.
Pair options match up related instruments eg. gold and silver or the Nasdaq and Dow Jones indices in a similar way to how forex pairs are formed. Traders predict which side of the pair will have seen its price rise or fall more than the other side at expiry.
A CFDs-trading format is also offered. This format is still really a binary option but provides traders with some of the features of CFDs trading by allowing traders to set stop loss and take profit levels which will close the binary option earlier if reached. This locks in profits or limits losses and provides the trader with a greater level of control.
The minimum investment stake to open a binary option is £/€/$10 and payouts on most binary options formats reach 85%. One Touch option payouts can reach 500% and 1500% is achievable as the maximum on Ladder options.
A charge of £/$/€ is applied to inactive accounts that have seen no trading activity in at least 6 months. The account will be automatically closed if it doesn’t contain sufficient funds to meet the charge. Other charges applied by Binary Tilt include a £/$/€25 fee on withdrawals after the one free withdrawal provided per month. Withdrawals requested via wire transfer are also subject to an additional £/$/€20 charge.
Bonuses & VIP programs
Binary Tilt applies cash bonuses to deposits, though they do come with a x40 trade turnover condition so traders may want to think twice before accepting these bonuses. The minimum deposit of £/$/€250 comes with a 20% cash bonus, £/$/€1000+ 50% and £/$/€5000+ a 100% bonus.
Deposits and withdrawals
Binary Tilt supports a full range of payment processing methods from wire bank transfer to major debit and credit cards and a broad selection of e-payment providers. As well as £/$ and € account base currencies, Binary Tilt accounts can also be opened using Australian dollars, yen, yuan and South African ran. Minimum deposits vary between currencies but are always the approximate equivalent to £250.
The minimum withdrawal level is £/$/€50, or the approximate equivalent in the other base currencies supported. Cryptocurrencies are not yet supported as account base currencies or for deposits and withdrawals.
If bonus turnover conditions are the one area the Binary Tilt needs to improve, customer support is the broker’s stand-out positive quality. Multi-lingual support is available via live chat, telephone and email and its quality has been recognised by the Binary Options Wire 2016 Overall Customer Satisfaction award.
Extra features and resources
Extra features the Binary Tilt trading experience offers include Double Up, Roll Over and Sell commands, that traders can take advantage of in-trade. Double Up allows a trader to double the investment stake of an already placed binary option, though the payout offered on the higher investment will be based on the current rather than original offer for that position. Roll Over allows a trader to extend the expiry time of an option. This can be particularly useful if Ladder options are being traded and the instrument’s market price appears to be on a strong trajectory. Finally, the Sell command lets a trader close a binary option early, securing a profit to avoid the risk of the market turning or cutting a loss that seems inevitable.
A rich educational resource is also provided by Binary Tilt with video, audio and content-based materials covering themes split into beginner, intermediate and advanced trader categories.
Across almost every facet, binary option traders judge a broker, Binary Tilt is one of the best choices on the market. A top trading platform, relatively small minimum investment stakes, reasonable deposit requirement, good coverage of payment processing channels, plenty of additional tools and resources and great customer service are all strengths. The one drawback of Binary Tilt is the curious x40 trade turnover requirement attached to bonuses which lets the side down. Decline the bonus offers and there are few better binary options brokers.
- » SpotOption trading platform
- » Great choice of payment processing options
- » UK-based
- » Award-winning customer satisfaction
- » Good range of tradable instruments
- » Not regulated
- » X40 trade turnover condition on bonuses
- » Bitcoin or other cryptocurrency deposits and withdrawals not supported
Is Binary Tilt a regulated broker?
No, though the company is UK-based and aligns its business practices with CySEC regulations
What is the minimum deposit into a Binary Tilt account?
£/$/€ 250 or equivalent in other base currencies supported
What is the minimum investment stake via Binary Tilt?
£/$/€ 10, or equivalent in other base currencies supported
Can I make deposits or withdrawals using Bitcoin or other cryptocurrencies?
No, Bitcoin and other cryptocurrencies are not yet supported as payment processing options or as account base currencies