Binary trading has become the desired choice of traders, within 8 years of release & being online, it has gained a huge popularity among people. Various brokers who used to work offline have started offering online services. To take on veterinary online brokers, new brokers are stepping in and such broker is Exbino. It’s a relatively new online broker, despite being new; the trading platform has been able to gain a quite lot of attention among traders. So in this post, we thought of doing a full review of Exbino online broker.
Currently, the company headquarters is at Podgorica, Montenegro. Their trading system is built using SpotOptions trading platform, which is regarded as one of the best trading software. The company is controlled by one of the reputed regulatory agencies CySEC.
Exbino Binary Options Broker Scam Review:
Is Exbino a fake trading platform?
Well this is the big question because with new fraudsters flooding the market, many traders wants to make sure that whether the broker is legit or fraud, fortunately, Exbino trading platform is legit, and as already mentioned, the site is being regulated by CySEC, so there is no chance of it being fake or scam.
In general, Exbino broker offers 5 types of accounts – Standard, Trader, VIP, VIP Plus & Platinum account.
Standard Account – This is the most basic account offered by Exbino, the amount required for getting this account is 250 €, with the Standard account, you will not get any kind of sign up bonus, however, the standard account users are given free eBooks, guide on how to use the trading platform and only 1st withdrawal done in a month will be not be charged with any kind of additional fees.
Trader Account – The trader account is an ideal account for those who have gained a bit experience in binary trading. The amount needed for this account is 500 €. However, the features provided are satisfactory; users are given free intermediate eBooks, investing strategies tips & when it comes to withdrawals, then Trader account holders can only make 2 withdrawals in a month with getting charged with any additional amount.
VIP Account – The VIP account offered by Exbino is suitable for experienced traders, for getting an account, a user needs to deposit an amount of 2500 €. With the VIP account, users are given privileges ,which includes 5% additional returns on investment, unlimited free withdrawals per month & access to their dedicated account manager, in addition to that, users are also given iPad Air as a gift.
VIP Plus Account – The VIP Plus account kind of reminds of Gold account offered by other online brokers. For getting this account, a person needs to deposit an amount of 3500 €, when it comes to features then comparing to VIP account, the VIP Plus seems to offer the same features, the only difference is that users can are given iPhone 6S as gift & traders are also given access to a forex trading account.
Platinum Account – This is the most advanced and premium account offered by Exbino. Users of the Platinum account are given access to all kinds of features offered by Exbino. The amount required for getting this account is 10,000 €.
In total, Exbino offers more than 130+ assets, which includes Indices, Commodities, Currency pair, & Stocks.
Currency Pair – Exbino offers a good number of currencies to choose from. JPY/ USD, USD/ EUR, JPY/ EUR, USD/ NZD, GPB/ USD are some of the few currency pairs.
Commodities – When it comes to commodities, the assets offered are Crude Oil, Gold, Silver, Copper, etc.
Indices – Exbino also offers a decent number of indices, which includes NASDAQ, FTSE 100, Dow Jones, S & P 500, etc.
Stocks – Exbino offers a good number of stocks to trade on, users can trade on stocks like Apple, Google, BNP Paribas, Renault, BMW, Goldman Sachs, etc.
Deposit & Withdrawals Method
Exbino accepts a variety of ways through which a person can deposit an amount. A user can use their credit cards or debit cards, other than that, a user can also use wire transfer, Neteller, etc. However, it is worth mentioning that deposit may take around a week to get processed.
Withdrawals procedure depends on the account type a person is having, if a person is having a Standard account then withdrawals might take more than 6-7 business days to get processed, in addition to that, they also charge an extra amount on withdrawals issued by Standard and Trader account holders.
There are multiple ways using which a person can get in touch with the customer team. If a user wants to communicate with the customer care he can use the live chat feature, helpline numbers, contact form & also Email. Apart from that, Exbino also has their dedicated customer support in countries like Russia, UK, Germany, Czech Republic, etc.
Pros and Cons of Exbino:
Exbino does indeed offer a lot of features, but it sure does comes with some flaws.
- Exbino supports mobile trading, so anyone having an Android or iOS powered smartphone will be able to use the application on their smartphone.
- The brokers offer returns up to 90 % on investment, which is very impressive.
- With Exbino, users can get in touch with the customer support team through multiple ways. Furthermore, they also provide dedicated support in few selected countries.
- The VIP Plus account holder of Exbino are given access to a Forex trading account.
- They also provide a great set of education tools for beginners from providing eBooks to videos, as a beginner, you will not find many issues for getting started with Exbino. And their education system strategy is one of the best we have come across.
- Exbino trading platform is built using SpotOptions trading software, so whether is trading signals or pricing of assets, with Exbino, you will always get the accurate results.
- Like most of the online brokers, Exbino also doesn’t accept users from the USA.
- The standard account provided by them doesn’t include some important basic functionalities.
- Furthermore, they also don’t offer any kind of demo account.
- When it comes to pricing, comparing with other brokers, the pricing is quite high.
The Final Verdict:
Overall, Exbino is a good broker for getting started with, despite being new, they have managed to gain a lot of attention from traders. Their trading platform is built on SpotOptions software, which is regarded as one of the best trading platform software.
The various account offered by Exbino seems to pack decent features, however, the standard account given by Exbino seems to miss out some basic functionality. For beginners, Exbino might not be the best trading platform, but in case you are a hardcore & experienced trader, then we would recommend you go with the VIP Plus account.