BNRY Review

Review

BNRY is a market leader in providing innovative and comprehensive trading experiences. They offer advanced technology and the ability to trade over 150 assets from major world stock exchanges along with an intuitive layout and user-friendly display. BNRY is owned and operated by K-DNA Financial Services Ltd and is registered by the Cyprus Securities Exchange Commission (CySec).

Accounts

BNRY offers four highly competitive accounts with individual benefits and features: Silver, Gold, Platinum and Tailor Made.

The Silver account requires a minimum deposit of $1000 which is refundable. Traders receive a personal Account Manager whose sole aim is to support traders through the trading process and help them make profitable trades. They also have access to advanced charts and social features.

The Gold account offers more advanced features. With a $3000 deposit, traders are entitled to place pending orders and receive impressive instructional materials.

The Premium account is the ultimate in standard accounts, offering a great array of features for a refundable deposit of $10,000. In addition to the Gold features, traders with this account will have access to professionally prepared financial news and daily market reviews. A personal trading plan is an added bonus.

BNRY is one of the few brokers that are able to offer an account that can be tailored to a trader’s specific trading needs. This account offers the greatest amount of features and flexibility. There is no fixed deposit as the features selected determine what is paid. Traders can choose from all of the features mentioned above plus the options of 7.5% or 10% protection on trades which reduces their risks considerably.

I was surprised when doing this review to find that a demo account was not mentioned. This is a popular feature offered by most binary option brokers in an effort to introduce the world of binaries to new and inexperienced traders.

A VIP account is mentioned in passing but I did not find any further information on this account.

Features

BNRY returned to full trading capacity on May 1st, 2015 and has totally changed its website and many of the features it offers. BNRY provides traders with the opportunity to trade with a wide variety of assets. These include major currencies, the most tradable commodities, the hottest stocks and the world’s leading indices.

One of the features is real-time market updates with the latest news and rates so traders can identify crucial moments that are key to making the perfect trade.

By using their ‘Investment by Payout’ service, traders can place an investment amount that is in line with their financial objectives.

They also offer social trading where traders can view the positions of their fellow traders in order to learn, improve and copy winning trades.

Candlestick and line graphs are provided to help traders recognize a shift in an asset’s trend and an affiliate program for introducing brokers is available.

Bonuses/Promotions

Increased payouts, account upgrades, gifts and luxury items are all available using BNRY Points. BNRY traders are awarded BNRY Points for every trade placed, every investment made and every new asset traded because your success is important to us. Traders can then convert their BNRY Points into gifts from the BNRY Shop.

I was disappointed that there were no real bonuses or competitions.

Education

BNRY offers a host of educational items. There are courses for beginners that include videos that instruct on their trading platform and give step-by-step instructions on how to make the first trade. They also offer guidance on how to make the most of the available research facilities.

The advanced courses are for traders who have mastered the basics of Binary Options trading and feel confident about making trades with their trading platform. Vdeo tutorials take traders to the next level of Binary Options trading.

The BNRY e-book is useful for the Binary Options beginner, although the experienced and the professional traders may find it to be equally helpful as a reference tool; market analysis is presented on a daily basis. In addition, each trader is allocated an Account Manager, who they can contact when they need further help.

There is an extensive financial glossary and the FAQ section with answers in detail to all possible questions. I liked the fact that traders were invited to submit a question when viewing the FAQ section.

The Asset Index is more than just a listing of the assets available for trading. It is a table of each asset, trading time and expiry formula.

Deposits/Withdrawals

Funding accounts can be made from various sources: Credit or Debit cards, Online Wallets such as CashU, Skrill , Neteller etc, or Wire Transfer. Clients may make deposits in USD, EUR or AUD. The currency selection will be based on their registration and fixed thereafter.

Funds may be withdrawn by credit, debit, e-wallet or bank transfer. Additional funds can only be transferred to a bank account held in the same name as the BNRY trading account. There is no minimum withdrawal limits or time frame between withdrawals.

Customer Suppor

Traders can contact a BNRY representative via email or telephone to their Nicosia office. Chat is also available 24/7. The website is offered in English only.

Conclusion

BNRY was out of commission for a while but has come back and now offers binary option trading to traders on all levels of trading experience. The website is user-friendly and almost everything a trader needs can easily be found on the homepage.

Back to Top

Features

It’s nice to see that BNRY is back in business offering binary option trading in over 150 assets. The website is easy to navigate, colorful and full of information but the feeling I got is that there are many items still in the process of being worked on and that not everything is yet in place. Little is said about their proprietary platform and that information is sorely missing.  I assume that in time, this broker will be supplementing with additional features.

Back to Top

Platforms

Proprietary

BNRY uses a unique custom built binary option trading platform but not much information is offered.

They certainly make trading sound simple by offering the following explanation: If a trader believes the market is falling, he will click on Down. If a trader believes the market is rising, he will click on Up. For an "Up" to make money, the closing price must be above the estimated price at the expiry time. For a "Down" to make money, the closing price must be below the estimated price at the expiry time. They currently offer high low options and short term options in 1, 2, 3, & 6 minute time frames .

Mobile

Traders can trade on the platform directly from their android and smartphone devices.

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

Back to Top