Flash Binary has shut down their operations.
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Back in October, we came across a broker called Flash Binary. Owned by a company called IT Cloud Ltd, and located at ”Griffith Corporate Centre, in suit no. 305, P.O. Box 1510 in Beachmont, Kingstown, St. Vincent and the Grenadines”. They have a UK phone number +44 203 808 7650, and their email address is mentioned as support@FlashBinary.com.
The Flash Binary Full Review
To start with we were glad to see that Flash Binary provided their traders and investors with a great looking, tidy piece of trading software which is developed by Finantick. The software does not require any downloads and can be accessed via a regular web browser. Though they still offer both low and high binary options.
The returns are advertised as being as low as 65%, and they can rise to 90%. Short term expiry times for high-speed trading is set at 60 seconds to an hour. More long-term investments can be for up to 3 months.
One of the remarkable things about Flash Binary is the fact that traders can benefit from an array of trading bonuses. Plus Flash Binary offers traders a commission for successfully referring a friend to the service. Though you’ll want to read their terms and conditions for further details.
Interestingly, the minimum trading size is $5 making it an extremely popular feature. All new accounts need to have a minimum $200 deposit before they can start trading. That seems to be a pretty standard requirement across the binary options trading industry.
When we tried to find out if Flash Binary was, in fact, a legit broker or a scam, like all other services we have to review we had to check out their license. Knowing if a broker is licensed can be a big help.
The most common places for brokers to get a license is CySEC based in Europe or Australia’s ASIC. Unfortunately, Flash Binary is not a licensed broker and as such trading with them is very risky and not recommended.
- Low Minimum Trading Size
- Many Bonuses
- Not Licensed Or Regulated