BullBinary is a rather new trading platform, one of many owned by Spot Capital Markets Ltd, a CySEC licensed and regulated company, offering no deposit bonus and trying to increase its “followers” offering rewards for refers. So, we decided to investigate for ourselves the BullBinary bonus system, trying to understand how they work and if this is a legit business or not.
BullBinary Bonus Scam Review
BullBinary review: demo account
First downturn is the lack of a demo account. If you want to make up your mind about this platform, you must, first, open an account. A rather complicated procedure just for checking how this platform works. Be it that it uses spot 2.0 trading platform. The minimum deposit is 100 USD, the maximum is 10,000 USD.
Second, what caught our attention is that they seem to be rather frantic in their attempt to get more brokers to trade with them. This is closer to the BullBinary scam verdict. Not only that, but they offer a so-called “second chance” option, which will keep those who lost on their platform. But we will come to this later.
Trade until you drop for a no deposit bonus
Let’s take one step at a time and focus on the BullBinary no deposit bonus. This is a poor attempt to offer an alternative to the demo trial. They would offer a USD no deposit bonus, but for that you have to trade 40 (yes, 40, quite a lot, correct?) times as much in order to withdraw potential winnings. Though it is a new business, it manages to gather some rather violent opinions.
One review claims they twitch the platform just so, and winnings are just a dream. What you also need to know is that they charge a 10 USD for any withdrawal. All in all, this BullBinary bonus review pretty much shows that the system is nothing but a way for them to make free money and increasing the trading on the platform. A hook, if you will, for those feeble hearted who are happy to trade and easily impressionable with little cash.
BullBinary Scam Review: second chance at losing
Moving on, when a thing looks too good to be true, it most likely is…a hoax. This is the general sentiment when looking at the “one more chance” promotion they have. They claim they would cover a loss up to 50 USD, and give you the chance to play that money again, in the form of a bonus. You need to deposit up to 1,000 USD if you want a second chance to your 50 USD. Again, if we take for granted the claim that the platform is tempered with, then they can offer unlimited bonus, the result never changes – BullBinary broker makes sure that the trader doesn’t win, but “the house” always wins.
So, this BullBinary review gathered some interesting facts: the no deposit bonus is just a trick to get brokers to use the platform, the bonuses and promotions don’t really mean much since winning chances are rather low and the overall desperation to attract players is rather suspicious. More in the line of scam idea.