GlobalTrader365 ReviewSeptember 22, 2013
Update: January 12,2014
This broker is no longer accepting US traders. This policy has been implemented due to regulatory issues and a license they are waiting for.
GlobalTrader365 is one of the most exciting binary options brokers available online today. Offering payouts of up to 85% on digital and as much as 400% on One Touch, this provider is definitely moving up on my list of recommended brokers.
Registering was as easy as 1-2-3. The form was intuitive and a very positive indication of what I expected to see.
The platform is powered by Spotoption, a leading software provider for some of the industry’s best binary option brokers. Spotoption is recognized by a large community of Forex and binary options traders to be one of the top 3 platforms, the other two being Tech Financials and Tradologic. Tech financials is more geared towards Forex traders looking to make a transition to exotic options, while the other two offer a diverse and profitable trading arena.
This broker’s cashier is protected by a 128SSL encryption layer, which is the standard industry practice today.
The mobile application was already scheduled for release, however this has been pushed back due to back log. If you are looking to invest with your Iphone or Ipad using IOS, or alternatively on your Android smart phone, you will have to wait just a bit longer or alternatively select another recommended broker.
There is no demo account available.
- Minimum Deposit: $200
- Minimum Trade: $5 on 60 Seconds
Assets List (Partial):
Stocks: CITIGROUP, MICROSOFT, APPLE, NIKE, BP (BRITISH PETROLEUM), GOOGLE, COCA COLA, HSBC, GOLDMAN SACHS, FRANCE TELECOM, FIAT, BIDU, BARCLAYS, AMAZON, NISSAN, HITACHI
USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USDNZD/USD, USD/CHF, USD/ZAR, USD/SGD, AUD/USD, USD/EGP, USD/RUB
Coffee, GOLD, Sugar, SILVER, Wheat, PLATINUM, OIL (LIGHT SWEET CRUDE)
Indices: ASX, IBEX, NIFTY, NIKKEI 225, TEL AVIV 25, TOPIX, KL FUTURE, STRAITS TIMES, NASDAQ, S&P 500, SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), QATAR (DSM20), EGX 30 (EGYPT), TADWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), RTS (RUSSIAN TRADING SYTEM), MICEX 10 (MOSCOW INTERBANK EXCHANGE), ISE 30 (ISTANBUL STOCK EXCHANGE), FTSE 100 (UK), CAC (FRANCE), DAX (GERMANY), DOW (USA – DOW JONES INDUSTRIAL AVERAGE)
- Digital: The usual type of binary options, simply guess the right direction of the trade and your contract expires in the money.
- Options Builder: A feature for more experienced trades that allows you to customize your trades. This is done by setting the exact expiry time as well as risk level, on top of selecting your asset and the amount you wish to invest.
- One Touch: Suitable for more advanced traders who think the price of an underlying asset will go over a certain level sometime in the future, but can’t really be sure about the sustainability of the price (Higher or lower). One touch positions can be bought and traded during weekends when the markets are shut down and offer highly profitable payouts (as much as 400% at times).
- 60 Seconds: Probably the most popular trading avenue for new as well as more experienced traders. Contracts expire after 60 seconds, you can have multiple 60 second positions open.
- Pro Trader: This feature allows you to view the trading area in a high-resolution format. You can also sell your assets before they expire as long as the trend is in the buy me out area. This is a form of insurance and of course costs money, I don’t recommend using it unless you have a clear signal telling you to dump the asset.
Promotions and Incentives
GlobalTrader365 offers a bonus of up to 30% on your initial buy-in. Additionally, you qualify to receive risk-free trades and ongoing cash-back bonuses. The more you deposit the more perks you receive, however this does not come without a price. It’s worth while mentioning that the educational center and FAQ section provide an excellent starting point where traders can watch instructional videos and learn the tricks of the trade completely free of charge.
Depositing is simple. All popular credit cards are accepted including Visa, Mastercard, Amex (American Express), Diners, and Maestro. Additionally, prepaid and debit cards are also accepted. Among the E-wallets, Moneybookers (Skrill) is accepted however this method is not available for USA-based traders. Cashing out is done via bank wires. Withdrawal times vary and depend on how quickly documentation is provided by the trader. This broker pays out winning trades promptly so it is definitely not a scam.
Overall GlobalTrader365 management was able to put together an exceptional product and provide a very high level of support for their clientele. The only problem I had with this broker was that during specific times of the week or day the 60 second options feature was not enabled, however this happens with all brokers and is more to do with the platform. Final score, 9.5/10.