365trading is a great broker that accepts paypal payments and has one of the lowest minimum deposits.
- Minimum Deposit: $50
- Average Payout: 85%
- Powered by PipInvest
365Trading is a relatively new Barcelona based binary options broker founded in the year of 2012. It is operated by a company called Fidelisco Capital Markets Ltd, which is regulated by CYSEC. Its CYSEC license number is 181/12. In the past years, the company primarily focus on providing their trading services to customers in Spain. Now, they have also expanded their trading services into English speaking countries. 365Trading has local offices in London and Rotterdam.
Account Registration
365Trading only offers one type of account. You can easily sign up for a new account by clicking on the Open Trading account button on top. It also offer a demo account that you can use to test the trading platform. The process of registering for a new account is fast and straightforward. You can choose what type of currency you want your funds to appear in. There are 3 currencies to choose from including USD, EUR and GBP. The currency you choose when you first register for the account cannot be changed afterwards. 365Trading is offering 100% welcome bonus for new signups. The maximum bonus you can receive is $10,000.
Trading Platform
365Trading is different from most of the brokerage firms because it offers a proprietary trading platform. The proprietary platform offers all the features that are available in reputable trading platforms such as SpotOption. You can choose to view the price movements for various assets in two types of charts including line charts and candlestick charts. You can customize the platform according to your trading needs.The platform also have satellite charts. The platform provide real time updates on the prices of the assets from Thompson Reuters.
The OptionsBuilder feature enables you to customize the expiry time and risk level for your trades. The Double Up feature allows you to increase your investment by twice the amount. You can use the Double Up feature even when your trade is going to expire. 365Trading continually updates the trading platform to offer traders an optimal trading experience.
365 Trading also support mobile trading for Android and iOS devices. The mobile platform offers the same features as the web based proprietary platform. You can use the mobile platform to keep track of all your open positions when you are traveling.
Trade Types
365Trading offers two types of binary options contracts including normal and short term options contracts. Normal trading contracts have expiry time frame that range from 15 minutes to 1 day. Short term contract has expiry time frame that ranges from 1 minute to 10 minutes. There are over 100 underlying assets including indices, futures, stocks, commodities and currencies.
It is very easy to place a trade on the platform. To place an order, you must first choose the option type, asset type and expiry time. Finally, you have to decide between the Call or Put option. If you predict the price of the asset will rise, you can click on the Call option. You can click on the Put option if you predict the price of the asset will drop. The Call option is the green up arrow while the Put option is the red down arrow.
The payout ratio ranges from 60% to 85% depending on the type of asset and the expiry time frame. The minimum trade size amount is $5 while the maximum trade size is $500.
Deposit and Withdrawals
365Trading allows customers to deposit and withdraw funds through a variety of payment methods including credit card/visa card, Neteller, Paypal, iDeal, Mr Cash and wire transfer. The minimum withdrawal amount is $50. They will not charge you any fee if you only withdraw once per month. If you withdraw more than one time, you will be charged with an additional fee of $15. It offers a low minimum deposit requirement of $100. They offer a fast payout within 24 hours.
Education Center
365Trading offers a comprehensive education center for traders. You will be able to find a large collection of ebooks, articles and video tutorials that provide free guide on the basics of binary options. It offers clear explanations on different assets. They provide free financial news, economic indicator and financial calendar. The binary options tutorials in the education center is available for both advanced and beginner traders. The video tutorials provide various types of binary options tips including trend, market analysis, aggressive trading, and passive trading. It provides information on the trading hours for different types of assets.
Customer Support
365Trading offers 24/5 customer support through email, live chat and telephone. Telephone customer support is available for 6 countries including Spain, UK, Germany, France, Belgium and Netherlands. The website supports 8 languages including English, Spanish, Dutch, French, Netherlands, Dansk, Portuguese and Svenska.
Is 365Trading a reliable broker?
In conclusion, 365Trading is a reliable brokerage that is suitable for beginners. It has one of the lowest minimum deposit requirements and trade sizes in the industry It offers many advantages to traders such as fast withdrawal processing, and sophisticated trading tools.
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