Bubinga binary is a platform established in 2023 with an attractive 100% bonus of up to $2,000 on the first deposit, a low minimum trade amount of $1, and a free $10K demo account. Also, the website claims that the company has secured funds in EU bank for enhanced protection.
You can access the customer support team on the website 24/7. It's available via email and live chat.
Company Introduction
Bubinga is a binary options trading platform founded in the Asia-Pacific region in 2023. The company is operated by two entities:
- Nortana Services Limited:
- Registered in Pythagora 1, office 205, Egkomi, 2408, Nicosia, Cyprus;
- Registered under the number HE 433385;
- Nortana Ltd:
- Registered in 305 Griffith corp. centre, P.O.BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines;
- Under the registration number 26795 BC 2022.
The company's headquarters is located in Cyprus, with an additional office in St. Vincent and the Grenadines. Bubinga claims on its website that they have secured the funds in EU bank.
Platform Specifications
In this section, we will have an overview of the features, specifics, and services provided by Bubinga. You will see a summary in the table below:
Broker | Bubinga |
Account Types | Start, Standard, Business, Premium, VIP, Demo |
Establishment Year | 2023 |
Trading Platforms | Proprietary Platform |
Maximum Return | Varies |
Minimum Deposit | $5 |
Base Currencies | USD, EUR, JPY, KRW, BTC, LTC |
Deposit Methods | Crypto, Credit/Debit cards, Sticpay, PayPay, AstroPay, Perfect Money, Vega Wallet, JCB, and more |
Withdrawal Methods | Crypto, Credit/Debit cards, Sticpay, PayPay, AstroPay, Perfect Money, Vega Wallet, JCB, and more |
Minimum Trade amount | $1 |
Maximum Trade Amount | No Limits |
Tradable Assets | +120 |
Investment Options | None |
Bonus | 100% first deposit bonus, Loyalty rewards, trading contests, seasonal promotions |
Spreads | Not Specified |
Commission & Fees | None |
Maximum Leverage | 1:1 |
Affiliate Program | Yes |
Trading Features | Economic Calendar |
Inactivity Fee | 7,000 JPY After 3 Months of Inactivity |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | 24/7 |
Available Account Types on Bubinga
The platform offers various options in this regard, designing a 5-account structure with 1 demo account consisting of $10,000 virtual funds for practicing, getting familiar with the interface, and so on. Here's a comparison between trading accounts:
Account Type | Start | Standard | Business | Premium | VIP |
Min. Deposit | $5 | $100 | $500 | $2,000 | $5,000 |
Tradeback | None | 5% | 10% | 12.5% | 15% (Real Funds) |
Trading Instruments | 68 | 77 | 93 | 113 | 121 |
Withdrawal Limit (per Day, per Week) | $50/$100 | $200/$500 | $500/$2,000 | $1,500/$4,000 | $15,000/$100,000 |
Limit per Withdrawal Request | $25 | $50 | $100 | $250 | No Limits |
Withdrawal Request Processing Time | Up to 5 Days | Up to 3 Days | Up to 2 Days | 1 Day | 1 Day |
Trading Room | N/A | N/A | Business | Business | Business |
Amount of Simultaneously Open Trading Orders | $100 | $250 | $1,000 | $2,500 | No Limits |
The minimum trade size for live accounts is $1, making it accessible for low amounts of funds with little risk.
How to Register and Verify Identity
Signing up with Bubinga is a fairly simple process and does not have to take long. Follow these steps to open and verify your account:
- Visit the website;
- Fill in the registration form on the right with your email address and create a password;
- Select your account currency from the menu;
- Agree to the terms and conditions;
- On the next page, fill in your full name and provide a phone number;
- Confirm your email address by clicking on the link sent to your inbox.
Now, you have created your account. For making withdrawals, you will need to verify your identity by submitting one of the required documents in the "Profile" section of the website.
Bonus Offerings and Promotions on Bubinga Binary
This platform offers several enticing bonuses and promotions to make it more enticing for new traders and existing clients:
- 100% First Deposit Bonus: New traders can double their initial deposit and earn up to $2,000 with a payment of at least $50;
- Loyalty Rewards Program: Regular traders can earn bonuses, tenure, and milestones;
- Trading Contests: Participate in regular competitions for a chance to win cash prizes or other rewards;
- Referral Program: Earn bonuses by inviting friends to join the platform;
- Seasonal Promotions: Keep an eye out for special offers during holidays or other events.
While these bonuses can be attractive, always read the terms and conditions carefully to understand any associated wagering requirements or restrictions.
Spreads and Commissions Overview
Bubinga prides itself on a transparent fee structure with no hidden charges. One of its advantages in this section is that it overs payment systems' commissions for clients.
Based on our investigations and chats with the support team, there are no fees on trading pairs. The inactivity fee only applies if the account is inactive for at least 3 months AND has at least 7,000 JPY or equivalent currency. The amount is 7K JPY.
About spreads, the support agent didn't know the meaning of the word! This is a significant downside for the support department in a financial firm.
Personal Cabinet; Features and Interface
The personal cabinet (trading platform in other words) on Bubinga offers a range of features to provide trading capabilities for clients:
- Real-time Market Data: Stay updated with the latest price movements and trends;
- Intuitive and Attractive User Interface: Navigate the platform with ease, even as a beginner;
- Alerts and Notifications: Receive important updates about your trades and account;
- Account Management Tools: Easily deposit, withdraw, and manage your funds;
- Trading History and Performance Analytics: Track your trading progress and identify areas for improvement.
Which Indicators and Oscillators Are Available?
The company has integrated the TradingView platform into its cabinet, providing traders with a vast range of popular technical indicators and oscillators to assist in market analysis. These tools include:
- Moving Averages (Simple and Exponential);
- Relative Strength Index (RSI);
- Bollinger Bands;
- MACD (Moving Average Convergence Divergence);
- Stochastic Oscillator;
- Parabolic SAR;
- Average Directional Index (ADX);
- And more.
These indicators can help traders identify trends, momentum, and potential entry and exit points for their trades.
Which Payment Methods Are Accessible on Bubinga Binary?
The platform does a good job in this regard; it offers a long list of options for deposits and withdrawals. Let's take a look:
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and USDT;
- Credit/Debit Cards: Visa, Mastercard, and JCB;
- E-wallets: PayPay, AstroPay, iWallet, SticPay, Vega Wallet, Tiger Pay, and Perfect Money.
This diverse selection of payment methods ensures that traders can choose the most convenient and secure option for their deposits and withdrawals.
Are There Any Copy Trading and Social Trading Services?
As of the time of writing, Bubinga does not offer copy trading or investment services. These features are popular on many forex and CFD platforms but are less common in the binary options trading space.
Bubinga Trust Scores on Reputable Websites
Based on our research and investigations, the platform does not have any trust scores on any relevant sources. This could be because of the company's short track record. Nevertheless, this lack of reviews suggests extra caution before making any deposits.
Bubinga Binary Option Support: Is 24/7 Customer Service Available?
The company offers several typical customer support options to assist traders with any questions or issues:
- Live Chat: Available on the website for registered and unregistered users;
- Email: support@bubinga.com.
The support team is available 24/7, and they answered quickly in our attempt. Still, the operator was not knowledgeable enough to answer a question about trading spreads, which is a total embarrassment for a financial company!
Writer's Opinion and Conclusion
Bubinga binary is a Cyprus-based binary options trading platform with a low minimum deposit of $5 and an attractive 100% deposit bonus. Also, you can access the TradingView charts in the personal cabinet with many indicators and chart tools available.
However, the conditions for the "Start" account are unfair. Moreover, the support agent we were connected with was not an expert, and couldn't answer the question about trading spreads. Besides, there are no trust scores of the company over the web.
