We ventured into our search to find this out. We have gathered that this broker rates average and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:
Top 3 Brokers April 2017
|Broker||Min Deposit||Payout||Open Account|
About The Broker Official
The binary options industry keeps creating more room for new binary options brokers. The reason is that the industry is growing at a rapid pace and there is a genuine need for more brokers to meet the trading needs and requirements of novice and expert traders. Recently, a new broker named Broker Official has entered the market with promises of offering great returns to traders on their investments. But is Broker Official really reliable or are they a scam service? Let’s find out the truth about Broker Official in this review.
Broker Official – Scam or Legit Brokerage Company?
During our research, we did not find much information to confirm that they are a scam. It is possible that they are a legit service provider, but we don’t have any evidence to prove this either. We did not find reviews or testimonials online. The website has a low Google Ranking and although the website has been designed nicely, there are typos and errors that are quite visible as you read through the information that is provided. But, these are just minor problems that can be overlooked. The main problem is that the broker is not regulated. From our experience, we know that it is not safe to invest with an unregulated broker.
You must proceed with caution if you are looking to give this broker a try, but our advice for you is that you must choose an approved broker for a secure trading experience.
We don’t know what trading platform Broker Official operates on because there is no information about their trading platform on their website. They only claim that their trading platform is reliable, profitable and simple to use. We believe that in order to find out about their trading platform, you have to sign up with the broker. They also offer mobile application to traders who want to trade on the go.
Account Types & Bonuses
As a trader, you can set up any of the four types of accounts at Broker Official depending on how much you want to invest initially.
The first type of account is Basic and it requires an investment between $1000 and $4999.
The second type is their Advanced Account and you can create this account with an investment between $5000 and $9999.
The third type is Professional Account and you can invest anywhere between $10,000 and $24,999 to set it up.
Lastly, you can set up an Ultimate Account with an investment of $25,000 to $100,000.
At each level, they offer different types of bonuses and incentives such as safe trades, free signals, trading sessions, education programs and so on.
Deposit & Withdrawal Procedures
Deposits can be made using major credit cards, bank transfer, EURO wire method and Swift International wire transfers. The minimum amount for making a deposit is $1000 which is quite high. Depending on the method of deposit chosen, it may take some time for deposits to be cleared and you may have to pay a fee as well. For withdrawals, you can choose between bank transfer and credit cards. The fees and processing time vary depending on your chosen method.
How to Open an Account?
You must begin by creating an account. The form on their homepage requires you to fill out all the fields to complete the process. To start trading, you must make a deposit. The minimum deposit is $1000. If you have earned profits in your account, you can check out the broker’s withdrawal terms and conditions and if you meet all the requirements, you can submit the withdrawal request form to get your funds transferred.
Customer Support Information
In our opinion, Broker Official does not offer a reliable and efficient customer support service. We tried to reach them via email, but our concerns were never addressed. Their telephone number also doesn’t work at time. The Contact Us form on their website can be used to ask questions, but you cannot expect a prompt and swift reply. We also saw that they offer live chat service, but when we clicked on the button, we were taken to a page that could not be found.
As a trader, you cannot rely on this broker to solve your concerns and issues in a timely manner. This is one of the reasons we don’t want to recommend them.