NRGbinary Review

Review

General Information:

Founded in: 2012
Headquarters: London, UK
Maximum Investment: $5000
Maximum payout: 74%
Minimum Deposit: $350
Web Languages: French, Arabic, Turkish , Russian, Italian, Japanese, German and English.

The homepage of the NRGbinary website opens to a moving video which continues for a few seconds and shows how the trading platform at NRGbinary works and how to open an account. The video can be viewed over again at the trader’s inititative. There are various graphs on the first page with drop down options for different expiry times and the choice of currency or asset. Each graph offers the trader a choice of direction and the maximum bonus he may receive. To place a trade, a client must first log in. Then he must simply choose the asset class he wishes to invest in, click on the “up” button if he thinks the price will rise or the “put” button if he thinks the price will drop. Once the trade is placed, traders can chart changes on live feed while waiting for the expiry time to arrive.

With over 70 different assets from a variety of different financial markets, traders can trade binary options on stocks, commodities, currency pairs and indices 24 hours a day, 5 days a week.

NRGbinary Homepage

The first thing I always check when doing a review is the “about us” section which usually reveals the broker’s history as well as their mission. I was surprised to find that there was nothing to this effect in the “about us” section of NRGbinary. Instead, I found information about withdrawals and deposits, a legal disclaimer and bios of the top analysts at the firm.

Accounts

There are three different accounts to choose from at NRGbinary. The Mini account requires a minimum deposit of $350 and traders receive a welcome bonus of 50% on their money. The Standard account which is the recommended account has a minimum requirement of at least $1000 and the welcome bonus is up to 75%. $3000 is necessary for the Deluxe account which then provides a hefty 100% welcome bonus.

There is no mention of either an Islamic account or a demo account.

NRGbinary Platform

The NRGbinary trading platform offers some features to assist clients in managing risk. NRGbinary provides investors with returns up to 70 - 85% if the option is in-the-money and 10% refund on out-of-the-money positions. It claims to have returns of up to 500%, the highest in the industry, but this is only available on the One Touch platform, and does come with risk, of course. One Touch options can be purchased in units at $50.

One Touch platform

The Option Builder allows you to customize your own option by choosing the asset, investment amount, expiry time, and your risk/profit ratio. 60 second binary options last exactly one minute and you can make up to 85% returns on your money.

Newly introduced is the iFollow social trading feature where you can follow the leaders in each asset category, track their opened positions and hope for equal success.Features

Option Builder platform

The running breaking news clips provide reports on a variety of financial topics. Customer support at NRGbinary is provided in Dutch, English, Russian, Arabic, Japanese, Italian and French and response through email, chat, phone and even Skype.There are, in fact, two choices for online customer service. One enables you to pose a question which I did. However I received an automatic respose to write an email to the support team. This screen does not automatically shut itself off and reappeared throughout my review, which was somewhat bothersome. The chat screen opens when I tried to place a trade.

Deposits can be made via credit card or wire transfer and can be done in Euros, British Pounds and US Dollars. Withdrawals can be made the same way. The standard withdrawal takes 48 hours but is usually transacted faster; money is credited to the client’s account in two to seven days depending on the mode of payment chosen.

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