Binary Options Cashback is a website that offers you cashback when you deposit through their affiliated Binary Brokers.
What does the product offer?
Binary Options Cashback offers anywhere between $100 and $200 depending on the binary broker that you choose to use. The brokers that you use are restricted to “the six largest binary options brokers in the world and they are all regulated”. The cashback is paid via bank transfer or PayPal 30 days after the deposit is made.
How does the product work?
It appears that Binary Options Cashback is able to give users the amounts back that they do (up to 100% of the initial deposit in some cases) through their affiliate fees. If you open accounts with three or more brokers you can contact Binary Options Cashback for special promotions that are comprised of “more money and a personal meeting with our team”. In terms of claiming your cashback it seems to be a straight forward system whereby you email Binary Options Cashback with the details of your deposit with the brokers and they will then allegedly issue the cashback.
What is the initial investment?
Binary Options Cashback is free to sign up for. In terms of deposits you will have to deposit between $100 and $300.
What is the rate of return?
Depending on which binary broker you choose to sign up with you can expect cashback between $100 and $200.
I’m not quite sure what to make of Binary Options Cashback. On the surface it is a great service that is perfect for anybody interested in trading binary options. What I struggle with is how Binary Options Cashback can pay you back $200 on a $200 deposit. I cannot see how the affiliate fees paid out will never be more than the initial deposit value, let alone how Binary Options Cashback can take a profit as well as paying you back the full deposit. Putting aside my cynicism if it works as claimed then Binary Options Cashback is a perfect opportunity to try out a way of trading that is growing everyday.