First Binary Option was established in 2011 and is headquartered in the Seychelles Islands. From the moment you land on their professional-looking website you get the feeling First Binary Options is different – and they are. Apart from providing brokerage services to retail traders, they are also a trading platform provider.
Formed by a group of like-minded market professionals, their premier trading platform caters to the English, Russian, and Arabic markets. Here’s everything you need to know about this exciting new binary options broker.
Rather than utilize a third party platform, First Binary Option runs on their own proprietary in-house software. The platform is sleek, intuitive, and definitely sets itself apart from other binary platforms. A few unique features of First Binary Option’s platform includes:
- Candlestick and line charts
- Easily scale charts to a manageable size
- Simple design with a clear layout structure
- Know how other traders are viewing a specific asset
- Payouts ranging from 70% to 765%
First Binary Options doesn’t need ten different account types. With their standalone account, traders are able to start trading with as little as $5, which is currently the lowest required minimum deposit in the entire binary options industry. Trade as little as $1 per contract with expiry times ranging from 5 minutes to 30 days. First Binary Option currently offers 46 popular trading instruments spanning several different markets, including currency pairs, commodities, and stocks listed on the NYSE.
The types of trades that can be made with First Binary Option includes:
- One Touch
- No Touch
- In Range
- Out of Range
- 60 Seconds
One thing we like about their trade offering is the fact that One Touch, No Touch, In Range, and Out of Range are all on separate interfaces – which is contrarian to how other platform providers structure their trade types.
Whether you’re a new binary options trader looking for a reliable broker or a new broker looking for a powerful trading platform, First Binary Option is an excellent candidate with tons of features. The only downside to trading with this broker is the fact that they do not accept US clients. Don’t make the mistake of overlooking this broker! We highly recommend trading with First Binary Option.