99Binary

99Binary Summary
Founded 2012
Accept US traders Yes
Normalized profit Up to 91%
Trading assets Stocks, Forex, Commodities, Indices
Total assets 83
Min. Account size $ 299
Min. Trade size $ 5 (!)
Deposit methods 20 methods: Credit Card, Wire, CashU, Webmoney, Astropay, Banklink, Yandex Money, Euteller, giropay, ideal, instant bank, moneta ru, multibanco, paysafecard, payu, poli, swiff, ticket premium, trust pay, usemybank
Withdrawal methods 20 methods – same as deposit
Special features High / Low, One Touch, Boundary, 60 Seconds
Trading Platform Panda
Website http://www.99binary.com

99Binary is operated by Nighnty Nine Holdings and run by a group of veteran forex and binary options brokers. 99Binary use a special binary options trading platform provided by Panda. They are based in Anguilla.

99Binary’s asset portfolio currently isn’t the best out, but is nonetheless pretty good. They are relatively new, they have been adding new assets almost on a daily basis. I’ll update this review in a couple of weeks, and I’m certain there will be many more assets. The asset portfolio currently consists of:

  • 15 FOREX Currency pairs
  • 7 Commodities
  • 28 Indices
  • 33 stocks in various markets including Nasdaq and the European Markets

Registering an Account
Signing up is, as always, easy. Just fill in a few details and your account is good to go. You obviously won’t be able to do any real trading until you deposit.

 

User Interface
99Binary use Panda’s binary options trading platform. They are one of the only companies to date that are using it. You can see right off the bat that a lot of work has been put into developing and perfecting the platform. Is is VERY fast, and actually possibly the most responsive and quick platform I have ever used. I’ll go into more details on the platform further on.

Support
Support with 99Binary actually VERY good. Definitely much better than one would expect from a relatively new platform. It appears that the guys at 99binary realize that customer support is just as important as having a good platform. I tested their support by clicking on the chat now button on the right of the screen, during European trading hours on a Monday. I almost immediately got a response from someone online. The questions I asked were answered really quickly, which goes to show that their support team has received a certain degree of training to actually help their customers. Email support is available almost around the clock, but from what I understand, chat support is only available until somewhere in the middle of US trading, around 16:00 GMT.

 

Main Trading Page

The main trading page looks a bit like the Tech Financial platform (the one used by 24option) in that you don’t have many graphs cluttering the screen. The main screen just gives you a nice big list of all the currently tradeable assets, their current price, and how much time remains before the option expires. You can also choose different timespans for trading, ranging from 5 minutes to one hour.

As soon as you click on one of the assets in the list, you get a drop down of that asset with the current graph, and of course the ability to enter a trade.

 

It’s worthwhile mentioning here that one of the biggest advantages of 99binary is that they let you enter small trades as low as $5 per trade for the regular binary options. This is great for new traders who want to be able to perform a large amount of trades and get a better feeling of the system without risking alot of money. Demo account trading is all well and good when it’s available, but it’s not real trading since you don’t really have anything at stake, therefore there is none of the emotional charge which is involved with real trading.

 

Trading with low amounts lets you get your feet wet without really taking too much of a risk.
Like most brokers, 99binary’s platform makes it very easy to enter a trade. Just click on whether you think the asset is going to go up or down, how much you want to invest and, when you’re ready, click apply. The quote updates constantly while you’re in this screen and the order goes through instantly when you click apply, meaning that there is absolutely zero slippage.

 

99Binary also has a nifty trading bar at the bottom of the screen. This bar gives you live information on your current account status, as well what how many open trades you currently have and where they stand in terms of profitability.

 

When you click on the bar, it opens up to a more detailed screen, giving you quick access to your current open trades and trade history.

 

If you click on any of the trades appearing there, it then expands to give you even more details on your current position. This trading bar really helps follow your trades and keep track of your situation. This is also especially helpful for beginner traders who want to learn from each trade, since these graphs are then saved and can be reviewed at any time later.

 

Additional Features

 

As with all binary options brokers, 99binary also offers different types of binaries in addition to the standard ones.

Onetouch
This is an interesting feature and in most platforms is only available over weekends as a long-term tool. 99Binary however, offers OneTouch throughout the week with expiry times identical to the regular binary options.
With Onetouch the asset in question only needs to reach (or touch) the strike price once before expiry in order for it to become ITM. The price level upon expiry does not matter so long as it touched the strike price at least once before. 99Binary does a presents the options very cleanly and makes it very easy to understand how to enter a trade and what needs to be achieved in order to win.

 

Boundary

Boundary is similar to the other features, with the difference being that here you need to predict whether the asset will expire within or outside a certain boundary limit. This can be a bit tricky to predict, but if you think an asset is going to make a big move in the near future due to some news, then this feature can be pretty handy.

 

60 seconds

This feature is becoming very popular among traders today, so there are hardly any brokers that don’t offer it. I personally am not the biggest fan of the 60 second binary options as I think it’s almost impossible to really make a technical prediction the movement of an asset within such a small timeframe, unless it makes a big move and you know how to recognize the rebound or correction. However, since so many brokers have started offering it, I guess this means there is quite a demand.
Like with everything else with 99Binary, the 60 seconds binaries are done very well. Here is where the platform’s speed becomes very important and where it shines. With 60 seconds, a mere 1-second delay is already over 1.5% of the entire option lifetime, and could very well be the difference between a win and a loss.

 

Payouts and Commissions

Payouts with 99binary vary per asset and option type, but are always in the 68%-85% range. However, when you add the 5-10% rebate they offer on all options, this becomes a normalized 78%-95% payout.

All payout methods are free except for wire transfer. For wire, the first withdrawal is free, but any additional withdrawal will incur a $25 charge. This is understandable though since wire and bank transfers cost money for both sides.

As for methods of withdrawal, all the methods used for deposit are viable for withdrawal. These include ALOT of methods such as wire, WebMoney, GiroPay, CashU, Neosurf, Sofort, MoneyBookers, Yandex, Ideal, Sporopay, Nordea Nettbank, LaCaixa Linea Abierta, MisterCash, EuTeller, Boleto, Poli, BPay, UnappliedTx, WebMoney, Gluepay, eKonto, Sofort, Banklink, GiroPay, Moneybookers, Przelewy24, EPS, Ewire, Abaqoos, Multibanco, UseMyServices, Santander, Moneta, Instadebit, Fundsend, Teleingreso, Dineromail, Neosurf, CashU, UKash. That IS alot.

Summary
99Binary looks like one of the better binary options brokers currently available. They made a great (and bold) choice in investing into their proprietary platform, which is constantly improving and well maintained. They offer many viable payment methods and are hard at work trying to make it as easy as possible for traders to understand and trade without worries.

Pros:

  • $5 minimum trade amount
  • Very easy and fast interface
  • Huge variety of deposit (and withdrawal) methods
  • Extremely good support team

Cons:

  • Limited stock market assets
  • Only first withdrawal via wire is free
  • $299 minimum deposit. Should be a problem for serious traders though

Conclusion:

One thing is for sure though, 99binary is a legitimate binary options broker and can definitely be trusted.