Congratulations on deciding to trade binary options! Now, for your next important decision: you need to choose a platform that offers you the best trading options AND is compatible with your personal trading needs.
On my quest to evaluate every binary options broker, I came across a fairly new broker- Glenridge Capital. I was pleasantly surprised to find a professional, elegant user interface instead of the cluttered homepage typical across the binary market. I pretended I was a newbie trader and went straight to the education section. There I found a list of options that collectively act as a basic binary options tutorial: a beginner’s guide, guided tour, asset index list, trading tools, and glossary. The company’s educational resources may be rudimentary, but what stands out about Glenridge Capital’s education section is that their educational tools are suitable to both the experienced trader and the beginner. But, what really differentiates Glenridge Capital from other binary options trading systems is their different account types, bonuses, and promotions. Below is my detailed analysis and personal conclusion.
Trading Options and Platform Features
Glenridge Capital offers four account types:
- Entry Level $250- $9,999
If you’re new or just looking to test the waters, Glenridge Capital’s “entry level” plan enables just that. All you have to do is open a free account by entering your basic information, make a minimum deposit, and start trading with the help of an ebook and investment guide.
- Preferred $10,000- $99,999
Glenridge Capital offers the clients more than a few incentives to choose this plan: two risk-free trades, a 100% investment bonus, a personal account manager, and an ebook and investment guide.
- Signature $100,000- $499,999
Glenridge Capital’s Signature account is intended for the intermediate trader who wants to invest large amounts, understands strategy, and needs a little guidance. This account includes: two risk-free trades, a 125% investment bonus, personal account manager and expert analyst, an ebook and investment guide, and a strategic trading guide.
- Premium $500,00+
The premium plan is for advanced traders to invest in high-volume trades. Ambitious traders who choose this plan receive ongoing training and instruction in binary options trading strategies. As expected, this plan comes with an even wider range of tools including: an ebook and investment guide, a personal account manager, larger bonuses up to 150%, three risk-free trades, a strategic trading guide, daily private consultation with an expert analyst, weekly e-trader group training, an expedited financial withdrawal option, and a complementary iPhone (to use with Glenridge Capital’s upcoming mobile app).
Glenridge Capital offers the following underlying assets:
|Nasdaq 100||GBP/USD||Crude Oil|
Glenridge Capital accepts deposits made via credit card (Visa or Mastercard), bank wire transfers, and webmoney methods including: Boleto, Giropay, Sofort, and Neteller. Withdrawals are quick and easy. When looking to withdraw funds all you’ll need to do is log into your account and click on “withdraw”, the request will then be processed by the company. For any assistance on that matter you can contact the company’s support team.
Bonuses and Promotions
- New traders who deposit over 500 in any currency are given two risk-free trades. These risk-free trades act as a temporary binary options demo account so that there is no risk to test the system. Losses are reimbursed while wins are yours to keep.
- When you choose to invest in the Glenridge Capital’s featured asset of the day, and invest over 500 in any currency, you’ll receive an extra risk-free trade.
- $100 will be added to your account if you refer a friend who makes a minimum deposit.
- Depositors of $10,000 or more, with a turnover of $75,000, will receive an iPhone for on-the-go trading.
Glenridge Capital offers 24/7 customer service through various methods including phone, online chat, and email. I tested Glenridge Capital’s response time and found I had to wait about 12 seconds for a reply via live-chat and up to 24 hours for a response to an email inquiry.
New traders will appreciate Glenridge Capital’s boutique trading platform, relatively small underlying asset index, and insurance against losing trades. Experienced traders will love on-going support from an account manager, analysts, and the online trading community.
Pros: Unique trading plans, lightning fast customer service, lots of bonuses and promotions
Cons: Only available in English at this time
Support Options: Regional and toll-free phone numbers, live-chat, Skype, e-mail