123binary Review

Review

***As of December 2013, 123binary is no longer functioning as a binary options broker. We advise all interested traders to find a more reputable binary options provider. Check out our top recommended brokers list here.

123binary.com is a binary options broker offering the trading of stocks, commodities, indices and currencies. The homepage of the 123binary.com website opens up to various market graphics and their payouts and is visually clear and inviting. It takes only a bit of navigation around the company’s website to find all of the information that a potential trader is looking for, and to feel entirely comfortable with the company’s breadth of offerings.

General Information

Headquarters: United Kingdom
Minimum deposit: $250
Languages available: English, Arabic
Minimum per trade: $5 for 60 second options, $30 for regular options
Accepts US traders: Yes
 

Trading Platform

Like most binary options brokers, 123binary offers a mix of platform options including 60 second options and a standard high-low platform. The company also offers social trading, where traders can see what others are doing. This feature is new on 123binary and is something that we haven’t yet seen in other binary options platforms.


Standard trading platform

Social trading platform

Features

The best feature of 123binary.com is its educational center which caters to both beginner and advanced traders alike. The center offers easy to understand ebooks, videos, simulators and a one-on-one trading session with a professional as well as their own unique social trading feature.

123binary.com strives to keep its account holders updated with the latest market news throughout the day every day. Even when not trading, traders have access to extensive tools and a research center that enables them to interact with other successful traders, thus providing widespread awareness into the market and the participants that are trading them.

123binary does not offer a demo account, something which is offered by very few binary options brokers, but is does offer practice trading to anyone who makes a deposit of $250 or more. The company also offers mobile trading for all mobile operating systems with a web-based mobile platform, as well as free 1-on-1 sessions with trading experts to help new traders learn proper trading strategies for anyone depositing $1000 or more. During our 123binary review we also came across over 40 instructional videos which can be a tremendous asset to new or intermediate traders, as well as a thorough economic calendar that outlines every event that may move the markets.

Customer Support

123binary has a very helpful customer support team that is available via chat or email. We tested the chat service and found the representative to be extremely helpful. A specific advantage was that when chatting with the representative, there was a low ping each time she responded, so that we didn’t have to remain on the page, but would still be informed when there was a response available.


Chat with 123binary

Summary

Our experience with 123binary was rather positive, and we were quite impressed by the offerings available. The most unique offering of the company was the social trading platform, a service that hasn’t yet become mainstream in the binary world (but may do so in the near future, as social trading seems to be taking off). Overall, we were more than satisfied with the service provided and the company’s approachable nature, which made us feel confident and secure about trading there.

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User Reviews

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