BKTrading SCAM Binary Options Broker – Blacklisted!! Scam!!

It has come to our attention that BKTrading is a SCAM that falsely told us that they accept US traders. The review below has been kept intact for archival purposes, but we have added BKTrading SCAM warnings everywhere. Please revert to Nadex at this time.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

BKTrading SCAM which is also known as Baumann & Kraus Trading SCAM, is a new binary options broker with German roots giving them 20 years of experience in the market. This means that even though they are a relatively new binary options broker, they only launched their platform in 2015, they have lots of experience to draw on.

The processing for BKTrading SCAM is provided by Actiserver Advertising S.L., with registered address at Passeig de Sant Joan, 160, 08037,Barcelona (Spain, ), NIF nº: B63293849. Their US phone number is: +1 347 410 8503

BKTrading SCAM US binary options

Recent changes related to the SpotOption based platform, and their quest for CFTC regulation has caused them to temporarily halt taking on new US based traders. Due to the gap this has left in the market, we have started to receive questions about alternative brokers that accept USA traders, one of these being BKTrading SCAM, so let’s take a more in-depth view at what they have to offer.

How To Trade Binary Options on BKTrading – SCAM

Watch the video below to get a quick introduction on how to trade using the BKTrading SCAM platform.

BKTrading SCAM

  • $10 Minimum Deposit (Not a typo)
  • $1 Minimum Trade (Not a typo)
  • $100 Minimum Withdrawal
  • Live Chat Support Available
  • Up to 85% Returns
  • $1000 Maximum Per Trade
  • Withdrawals Processed Within 3 Business Days
  • Established in 2015
  • Accepts US Binary Options Traders (UPDATE: DOES NOT ACCEPT US TRADERS)

BKTrading – Scam or Not?

UPDATE: We are blacklisting BKTrading, they have been reported by a very reliable source in the binary options industry as an unreliable broker. They also do not accept US traders, even though we were told that they do.

We haven’t signed up with BKTrading ourselves yet, but checking on forums and other insider resources, we have not picked up on any negative reviews. At the moment we have no reason to believe that BKTrading is a scam. BKTrading along with TradeThunder, will be our primary suggested brokers for US-based traders that do not want to use Nadex, which is the only fully CFTC regulated US binary options exchange. We will of course continue to monitor their performance, and if we hear of any problems, we will immediately post our findings here, so as always, we encourage you to sign up to our blog to receive updates.

Trading Assets

They have a relative wide set of trading assets, although they only provide the top 12 currencies, such as: EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/GBP and EUR/JPY.

The interesting part of their offering is that they have one of the largest sets of indices and stocks that I have come across for binary options brokers. They offer 19 stocks, including companies such as Apple, Nike, Microsoft and Reuters. Their options for indices cover 20 indices, which covers basically all of the well-known indices that you would consider trading, as well as a few interesting ones that might be a bit more exotic.

BK Trading scam indices

Clicking on one of the assets gives you a very handy quick overview, as well as the trading times for the asset. Here’s an example showing the NASDAQ:

BK Trading scamBKTrading SCAM Support

Support is provided primarily in English, but also in Spanish, Portuguese and Russian. They provide telephonic support, as well as an online chat which is available during regular market times. When live chat is not available, for example over weekends, you are still able to leave a message and they will respond as soon as the markets open. I’ve found their support to be good and very responsive.

In order to protect you and to comply with regulations, all brokers will ask you for a form of visual identification, such as a driver’s license, as well as the last 4 digits of your credit card and proof of residency. This is normal and you should expect to be asked for this type of documentation. However, it is important to note that they should allow you to blur or block out your driver’s license number and the first digits of your credit card.

Please share your views with us below, and thank you for taking the time to read this review, we hope that it helps you to make an informed decision.

UPDATE: BKTrading SCAM broker is not recommended by us any more, please stay away from the BKTrading SCAM.
BK Trading

 

CherryTrade Binary Options Broker: No US Traders!

UPDATE: We can now confirm that as of September 13, 2015 CherryTrade no longer accepts American based binary options traders, other countries are still welcomed.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

CherryTrade Summary:

  • $200 Minimum Deposit
  • $25 Minimum Trade ($5 for 60 second trades)
  • $100 Minimum Withdrawal
  • Live Chat Support Available
  • Up to 81% Returns
  • $2,500 Maximum Per Trade
  • Withdrawals Processed Within 5 to 7 Business Days
  • Established in 2013
  • No Longer Accepts US Binary Options Traders!

CherryTrade.com is one of the most respected Binary Options brokers that accept US traders, even though they are still relatively new. What I particularly like about them is that they use real-time data streams from Thomson Reuters, so you know that their prices are accurate.

Below is a quick video introduction to CherryTrade.

I have an account with CherryTrade and I’ve been very happy with them, they have great support and their platform is superb. During this time of market instability, you probably cannot get much better than going with CherryTrade for your Binary Options trading.

CherryTrade also offers a mobile trading app for both Android and iOS phones, and once again their trading interface is very well done and easy to use.

Cherry-2015-08-25 11_16_35-Start

On the CherryTrade.com website you will be able to access their online trading platform, and just like their mobile trading app, their browser-based trading platform is very easy to use. If you have more than one open trade, the CherryTrade trading interface very cleverly shows you the current status of each trade, which is a nice touch. Their desktop browser-based interface is also second to none, and very intuitive.

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Their charting option gives you the choice of a line graph, or the more traditional candlestick interface, which is very handy when you are timing your entry into the market. You will also find it easy to set up your most frequently used assets, which makes it a breeze to trade quickly and efficiently. I can’t overstate how useful that is, especially in trading binary options, where your timing is very important and you do not want to waste time trying to find the asset you’re looking for in a long list. With CherryTrade, you can arrange your assets to show the markets you’re currently interested in, and then simply pick your desired expiration time and amount.

If you’re new to binary options trading, they have an interesting feature called “iFollow”, where you can effectively shadow the trades of other traders on the CherryTrade platform. You obviously need to pick who you are going to follow carefully, but it might be a good solution for some traders that are not quite ready to start trading on their own.

Cherry-2015-08-25 11_58_03-Start

Overall CherryTrade is an excellent choice for a Binary Options broker, unfortunately they no longer accept US traders.

If you are new to Binary Options trading, they also offer a set of video tutorials and a trading e-Book on their site that will help you to get started. The training that CherryTrade provides covers basic aspects of Binary Options trading, as well as more advanced topics and I encourage you to view them before you start trading to ensure that you are well informed.

In order to protect you and to comply with regulations, all brokers will ask you for a form of visual identification, such as a driver’s license, as well as the last 4 digits of your credit card and proof of residency. This is normal and you should expect to be asked for this type of documentation. However, it is important to note that they should allow you to blur or block out your driver’s license number and the first digits of your credit card.