Introduction
Regency Markets Ltd located in the Isle of Man, operates the unique Betonmarkets brand. Betonmarkets is an example of a company that has set itself apart in the binary options market, operating a proprietary platform with unique trade types.
Payouts
Payouts on Betonmarkets are not fixed. They depend on a number of factors and the payout is shown as a total amount due on the trade, after the trader has committed his capital. For instance, trades with long expiries or where the results of the trade are not immediately apparent have higher payouts. Trades where the results are more predictable have lower payouts.
As in other platforms, trade payouts are shown to the trader before the execution of the trade so a trader can immediately tell what his payout will be.
Bonuses and Promotions
The only bonus promo awarded on Betonmarkets is a coupon worth $20 or 20 British Pounds. These coupons have validity dates and so if a trader gets hold of one coupon, it has to be used within the validity period. Once the coupon is expired, it cannot be replaced or used again.
Asset Index and Expiry Times
Betonmarkets offers unique trade types and assets. Assets are traded over 4 classes, and which trade type can be used for an asset is arbitrarily set by Betonmarkets.
a) Currencies: EURUSD, GBPUSD, USDJPY, GBPJPY, EURGBP, EURJPY, EURSEK, USDCAD, USDCHF, AUDUSD, USDPLN, NZDUSD.
b) Commodities: Gold/USD, crude oil, silver.
c) Random Indices.
d) Indices: These are named according to country where the index originates from. So we have assets such as French Index (CAC40), Spanish Index (IBEX35), Japanese Index (Nikkei 225), Swiss Index (SMI), German Index (DAX30), US Tech 100 Index (Nasdaq), US 500 Index (S&P), Wall Street Index (Dow), Hong Kong Index (Hang Seng).
Expiry times depend on the trade type and the asset traded. On the Rise/Fall trade, the minimum expiry time is 30 seconds. The maximum expiry, irrespective of trade type, is 365 days. Some assets cannot be traded using the Rise/Fall trade type (e.g. the commodities), and for these assets, traders can trade the other trade types. Some of them have a minimum of 1 day while others have a minimum expiry time of 7 days.
Trading Tools
The following trading tools are available on Betonmarkets:
a) A free e-book that is a step-by-step guide on using the Betonmarkets platform.
b) An early closure function which unfortunately, only serves to close out unprofitable trades before the losses get really bad. This function becomes active shortly after the trade is open.
c) Betonmarkets has the most advanced charting platform of most binary options brokers in the market today. Traders can switch between basic charts and more interactive charts, depending on what the trader is looking for.
Deposit and Withdrawal
Account opening follows the usual routine of filling the account opening form and submitting proof of identity and proof of residence.
Depending on the trader’s location, there are a number of funding and withdrawal options to chose from. Some of these methods are as follows:
1) The good old wire transfers can be performed with minimum transaction amount of $25-$100 and maximum transaction amount of $10,000.
2) For those using credit cards, traders have the option of depositing a minimum of $10 and a maximum of $10,000 using MasterCard and VISA. Deposits are processed instantly.
3) For those using electronic payment channels, traders can choose which of the e-payment methods suits them best. Traders can choose from Neteller, Webmoney, Liberty Reserve, Moneybookers Ukash, iPoint and InstaDebit. These methods carry a minimum transaction amount of $10 for all these methods.
4) There are country-specific e-wallets for traders from the Middle East and Asia.
5) Traders in the US and certain European countries can use PayPal and Western Union.
The minimum investment amount on Betonmarkets is 10 US Dollars/British Pounds/Euros.
Support
Traders can access customer support on Betonmarkets 24hours of the day using the following channels of communication:
– Live chat (this is the most direct way of getting any issues solved)
– There are two direct Helplines: +356 21316105 or +356 21315791
– Fax: +356 25401037 or +44 207 6813557
– Email: An online form on the Betonmarkets contact page allows traders to send an email to Betonmarkets simply by filling the online form.
