NRG Binary is an international private trading and binary options broker. Established in 2012, NRG Binary has positioned itself as a broker that guarantees trading in a user-friendly and safe platform where traders can focus solely on their profits. In this binary options broker review we offer you relevant information to help you decide whether NRG Binary is the broker for you.
Binary options offered
NRG Binary offers traders the opportunity of trading in different options which are the following:
- Binary Options: Allow traders predict the direction of an asset, which include Oil, Gold, EUR/USD and several other commodities, currencies, stocks, and indices. Traders can predict high/low for an asset direction.
- One Touch Options: An “all or nothing” unique binary options. If traders’ investment expires “in the money” they earn the entire payout. If the investment expires “out of the money” the trade value is lost.
- Option Builder: Allow traders to customize their options. Traders are free to choose asset, amount of investment, expiry period as well as risk/profit ratio.
- 60 Second Option: A binary option with a lifespan of one minute. The beginning of the trade and its expiry period ends in 60 seconds.
NRG Binary's iFollow platform allows you to copy the decisions made by succesful traders.
Furthermore NRG Binary Options offers the following additional features:
- NRG Mobile App: The NRG Mobile App makes it possible for traders to invest by trading on their mobile devices such as a smartphone or tablet. The mobile app is compatible with Google Android and Apple iOS. The app allows users to trade stocks, indices, commodities or pairs on mobile devices.
- iFOLLOW: A social feature that allow traders to view and imitate the trading patterns or techniques of successful traders. Traders can learn from these patterns or techniques and use them for trading.
NRG Binary options offers several currency pairs which consist of popular pairs like EUR/USD, USD/CHF, GBP/USD, and the not so popular ones like USD/TRY. Moreover, NRG Binary offers several tradable commodities such as gold, platinum, sweet crude oil, silver and coffee, all available on its list. Its range of underlying assets for trading is limited compared to the offerings of other brokers.
Risk and Return
The risk and return rate of trading on NRG Binary is based on the type of options traders invest on. NRG Binary options offers investors with returns of 70-85% if the option is in the money and a refund of 10% if the option is out of the money. This is reasonable.
The One Touch Options is considered a high profit option because it offers return of 150%-500% per option. The One Touch Option can be purchased in units at GBP 50 per unit. The expiration date of the One Touch Option is only one time a day/week at 17:00 GMT, or 19:30 GMT on Friday. The One Touch Option of NRG Binary is offered as all or nothing. This simply means that if traders’ investment expires in the money they earn the entire payout. But if it ends as out of the money they lose the entire trade value.
For trading with the Option Builder, the trader has the chance to choose the asset, investment amount, and expiry period. The risk and the return rate are based on the extent of the investment and expiry period that is set by the trader. This is quite a useful feature.
The 60 Seconds trading is the riskiest of all. The expiry period of trading is set at one minute and traders can either make profit or loss at the end of the 60 seconds. It is also the fastest way to gain a payoff on an investment.
The binary options trading platform
Similar to most other brokers, the trading platform of NRG Binary is 100% web-based. NRG Binary trading software is user-friendly, does not require download before use, and is easy to understand. The software displays your account transparently, and is designed with a statistics page for each trader. The software allows traders to constantly view their performance, track it and learn from it. NRG Binary software does not require prior trading experience before users can trade on it.
The NRG Binary trading software displays a fixed screen on the website and scrolling stock prices. There are several graphs with drop down options for various markets, stocks, and indices. Each graph gives the trader the choice of direction and indicates the maximum bonus such trader may receive. After logging in at the NRG Binary website, a trader can choose the asset type he intends to invest in and simply click on the Up Button for a prediction that the price will rise or the Put Button for a prediction that the price will fall.
NRG Binary offers five trading methods: one touch option, binary option, option builder, 60 Sec. Traders are free to trade on any of the available options and can use trading features such as the standard up/down options, and the Call, Put methods.
Additionally, NRG Binary offers traders the chance to trade on mobile devices such as smartphones and tablets. Traders can download and install the NRG Binary Mobile App for devices powered by Google Android and Apple iOS.
Minimum Deposit Size, Position and Bonus
The minimum deposit to open a binary options traders account at NRG Binary is EUR / USD / GBP 300, depending on the currency you intend to open the account on and trade with. This rate is higher than what is offered by several other brokers and makes it difficult for small investors to trade with NRG Binary options.
As soon as you've set up an account with NRG Binary, you can trade positions with a minimum size of 5 pounds for 60-seconds options and 25 pounds for normal binary options. This is fairly high compared to what other brokers set as minimum position size. For traders who take trading binary options seriously, there is the need to have room to win sometimes and sometimes to lose. No trader wins every trade. Therefore a higher ratio between minimum deposit size and minimum position size would have been ideal.
Together with BinXC, The Binary Exchange, NRG Binary is offering a special promotion for new traders: open a trading account and get your first 3 trades risk-free. This is a temporary promotion, so take advantage of it while it lasts!
Conclusion of this NRG Binary review
Based on the offering of NRG Binary, its features and performance, we are fairly positive about this broker. While there are other brokers who offer more advantages, NRG Binary is not a bad choice if you are looking for a safe broker with user-friendly software. Especially the opportunity to copy succesful traders with iFOLLOW makes this broker worth considering. Unfortunately the first-deposit and minimum position size are on the high side. As such we give NRG Binary a rating more than satisfactory (3.5 / 5 stars).
Would you like to try NRG Binary options broker for yourself? Then we have an attractive deal for you. If you open an account through this link, you get your first 3 trades risk-free. (This means that if you lose, NRG Binary pays you back the invested amount as a bonus.)
- Start trading in binary options at NRG Binary and get 3 trades risk-free
- Visit NRG Binaries website
- Go back to the list of binary options broker reviews
NRG Binary option broker review summary:
|Minimum/maximum position size||GBP 5 / GBP 5,000|
|Expiry times of options||60 seconds to 1 year|
|Binary options on||Stocks, market indices, forex, and commodities|
|Software platforms||Standard / Option Builder / iFOLLOW (all web-based), and NRG mobile app|
|Minimum first deposit||GBP/USD 300|
|Payment options||& Bank transfer & CashU|
|Restricted access||NRG Binary does not accept clients from the US, India, Malaysia, and Indonesia.|
|Bonus||First 3 trades risk free|