BASIC INFORMATION:
Cryptobo is a brokerage firm that claims to be the first-ever crypto-based binary options broker in the world. Cryptobo was founded in 2017. The companys origins and details are shrouded in mystery, with no official information being disclosed.
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
There is a range of assets available to trade with binary options on Cryptobo, such as cryptocurrency pairs, stocks and more. The rokerb offers multiple expiration times for binary options trades, including one, five and ten minutes and one-, two- and five-hour options.
Some of the assets available are:
· Cryptocurrency Pairs: Bitcoin (BTC), Ethereum (ETH)and Litecoin (LTC)against a range of fiat currencies (including Euros, USD, Japanese yen and more) as well as ETH/BTC, ETH/LTC and LTC/BTC.
· Stocks: A selection of the most popular and profitable stocks including Apple, Microsoft and Nike.
· Currency Pairs: There is a range of currency pairs available, including major pairs like EUR/USD and GBP/USD and minor pairs like EUR/GBP and GBP/JPY.
· Indices: Cryptobo offers traders the most popular and valuable stock indices including Dow 30, Nasdaq, FTSE 100, Hang Seng and more.
LEVERAGE
As far as we are aware, Cryptobo does not offer any leverage to traders. Users are only able to trade with the capital they put in. While this means you cannot boost your winnings, it also means that larger losses are not incurred.
ACCOUNT TYPES
Cryptobo does not offer multiple live account types. There is a one-size-fits-all live trading account that all users must open. This means there is no paywall stopping you from having access to the best deals and pay-outs available.
PAYMENT METHODS
All deposits on Cryptobo are made with Bitcoin, there is no alternative. The broker does not impose a minimum deposit restriction on traders, you can deposit any amount you are willing to trade with. However, the minimum trade amount is 0.0000001 BTC (or ten Satoshi), so you will need at least this much in your account. Funds become available as soon as they have been confirmed on the Bitcoin blockchain network. Typically, this takes around ten minutes.
Withdrawals from Cryptobo are also only available in Bitcoin. The minimum withdrawal amount is 0.002 BTC. Users simply provide the wallet address they want to withdraw the funds to and the amount they would like to withdraw, then confirm. Withdrawals are usually completed within 3 hours but, during busy times, they can take up to 24 hours. A fee of 0.0004 BTC is charged per withdrawal
TRADING PLATFORMS
· Meta Trader
TRADING HOURS
Trading hours for Cryptobo relate directly to the asset involved and exchange it is linked to. Cryptocurrency pairs can be traded 24/7 and most over-the-counter currency pairs can also be traded 24/7. The rest of the currency pairs follow the standard forex trading times with breaks on the weekend. Stocks and indices trade during the hours of the stock exchanges they are listed on.
CUSTOMER SUPPORT
Cryptobo offers 24/7 support to customers should they face adversities. They can be contacted via the following methods:
· Skype: Cryptobo.com
· Email: support@cryptobo.com
