NRG Binary is a binary options broker founded in 2012. They accept customers in 10 countries. They offer more than 180 types of assets and the average return rate is 81%. They also offer a rebate of 10% for traders who did not win. They set the minimum trade size at $5 for the 60 seconds binary option. However, the minimum trade size for other types of options is set at $25. The maximum amount you can invest in per trade is $5,000.
Types of Trading Accounts
NRG Binary offers 4 types of trading accounts including micro, standard, premium and VIP. The minimum amount of deposit required for opening a micro account is $350. Standard account gives you access to free signals while premium account will let you take part in trading sessions. If you have a premium account, you will get personalized help from the customer support for example advice on making an investment in binary trading. The maximum bonus you can get is up to 30% of the initial deposit you make.
NRGBinary Platform Review
NRG Binary offers the SpotOption platform, a user friendly platform that support a variety of trading features. Traders can choose from 4 types of options including Option Builder, One Touch, 60 Seconds and Pro Trading. The platform support the Sell Early feature which allows you to reduce losses by closing your trade early. For example, closing an unprofitable trade can help you to lower the loss to 50% compared to a loss of 85% after taking into account the out of money rebate.
The double up feature allows you to open another trade with similar parameters if you observe that your trade is doing well. NRG’s platform also support the rollover feature, which appear typically 1 hour before the option expires.
If you activate the rollover feature, the expiry time will be extended. The Fibonacci calculator is useful for calculating the potential support as well as the resistance retracement levels. To use the fibonacci calculator, you simply provide information on the trend high and trend low values. NRG Binary also support a mobile platform for traders who enjoy using their mobile devices to check their trade position in the market.
Deposits/Withdrawals
NRG accepts many types of credit/debit cards including Visa, MasterCard, Delta, Switch, Maestro and Solo. They also allow you to deposit funds into your account via Neteller, Skrill and bank wire. You must wait for 2 – 3 days for them to process your withdrawal request and 7 – 10 days for the funds to arrive in your account. Every customer is required to provide a few documents along with the withdrawal requests including identity document, address proof, and a copy of the front and back of your credit or debit card.
Educational Resources
NRG Binary offers a collection of educational resources to help new traders get familiar about binary options trading. Different types of educational resources are available including intro video courses, advanced video course, guided tour, e-books, and webinars. They provide daily and weekly market reviews, and economic calendar. The economic calendar is useful for helping you to keep watch on any major economic event that can affect the price movement of the assets.
Customer Support
NRG Binary offers customer support via email, telephone and live chat for 24 hours a day and 6 days per week. Its multilingual customer support offers support for up to 9 languages including English, Arabic, Japanese, French and Russian.
Is NRGBinary a good broker?
In conclusion, NRG Binary may not be an outstanding broker but they have done their best for example providing as many educational resources as possible. Their customer support is not responsive and many of the links on their site don’t work. NRG Binary is currently inactive because they were closed down last year due to reports that they stole money from their customers. NRG Binary has been blacklisted as a scam broker so you should not trade with them. They also have a sister company called Titan Trade that is still active but we don’t recommend you to trade with this company as well.
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