BO Markets Broker Review

The world of binary options trading is growing, with plenty of options (no pun intended) for an options trader. One binary options broker that we will review in this article is BO Markets. In this review, we will cover the binary options broker’s asset offering, look at the site’s unique binary options features, examine their customer service, and give you plenty of information to make an informed choice for your binary options trading career.

Overview

BO Markets is one of the newer option brokers on the market. Headquartered out of London, England, this binary options provider is owned by 247 Holdings Group, which the website claims is a “team of elite professionals with years of expertise”.  Currently, the broker offers the following binary options assets for binary options trading:

–          Currencies: EUR/USD, GBP/USD, USD/JPY, EUR/GBP

–          Stocks: Vodafone, HSBC Holdings, Deutsche Bank, Volkswagen, Yahoo, Google, Microsoft, Coca-Cola

–          Commodities: Gold, silver

–          Stock indices: CAC 40, Dow Jones Industrial Average, NASDAQ, DAX

All in all, BO Markets offers 18 different assets for trading. This is one of the smallest asset offerings out of the option brokers we’ve reviewed, which is a big turn-off for some option traders. Others, though, may appreciate the rarer assets not usually found with option brokers, such as Vodafone, Volkswagen, DAX, CAC 40.

Still, we like to see a more robust asset offering in general because it gives traders more choices.

Creating an Account

Creating an account with BO Markets is pretty straightforward, as it is with other brokers. You do have to be at least 18 years of age, which is standard for the industry.

Unique Features

One of the things we like about BO Markets and their platform is the variety of trading methods they offer. Currently, you can trade assets with Above/Below options, Range options, and One Touch options. Out of these three, Range options are the hardest to use, while One Touch options are the easiest (and offer some of the higher returns).

BO Markets also has a free demo account with no time limit, so you can practice trading as often as necessary.

You can also extend the expiry by a day in order to gain a better chance of landing in the money – a very nice feature to have.

Payouts and Commissions

If your investment is in the money, BO markets pays out anywhere from 65% to 85% of the contract price. This is roughly average for the industry. It is unclear if BO Markets pays anything if your option is out of the money. They do not charge commissions.

Customer Service

We tried on several occasions to access their live chat support, but unfortunately it was not available for service. This could either be a result of downtime and maintenance, or an option that simply does not exist. Option traders can communicate with them via email, and they offer a variety of international phone numbers for your use.

Conclusion

BO Markets has a nice interface and some advantageous trading options, but the number of assets offered is low. Still, there are enough unique features and offerings for an experienced trader to enjoy.

GD Star Rating
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