Bubinga is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Bubinga accepts clients from all over the world, excluding USA and some countries where restrictions apply.
Binary options broker offers the following underlying assets for trading.
|20+ Currency Pairs||Based on major world currencies.|
|3 Crypto BOs||Based on Bitcoin.|
Bubinga is a relatively new binary options broker set up in 2022 and registered in the popular offshore haven Saint Vincent and the Grenadines. As all brokers in Saint Vincent and the Grenadines, Bubinga is unregulated, and traders should therefore carefully review the broker before depositing any funds.
In addition to being registered in Saint Vincent and the Grenadines, Bubinga also has an EU presence with its office in Cyprus. However, the broker is not regulated in the EU.
It’s probably well-known by now that binary options brokers to some extent have been frowned upon in regions such as Europe, North America and Australia, and regulators in these regions have to varying extents cracked down on them. To trade binary options today, it’s therefore not only common - but usually necessary - to use an offshore broker that may or may not be regulated by any government.
As is normal for binary options brokers, Bubinga does not have a huge selection of underlying assets to trade options on. Instead, this broker has focused on a selection of 20 of the most commonly traded forex pairs, as well as the bitcoin pairs BTC/EUR, BTC/USD and BTC/GBP.
Binary options based on stocks, commodities and other popular assets are unfortunately not offered by Bubinga. All trading on Bubinga takes place on the broker’s own dedicated binary options platform.
To start trading, new clients need to deposit funds into one of five types of trading accounts:
– A Start account, with minimum deposit of $5 and a $100 maximum trading amount
– A Standard account, with minimum deposit of $100 and a $200 maximum trading amount
– A Business account, with minimum deposit of $500 and a $1,000 maximum trading amount
– A Premium account, with a minimum deposit of $2,000 and a $2,500 maximum trading amount
– A VIP account, with a minimum deposit of $5,000 and no limit on the trading amount
To fund a trading account, Bubinga clients can use either Visa, MasterCard, international bank transfer, or the e-wallets JCB, SticPay, P2CJapanBanks, iWallet, TigerPay, PerfectMoney, and AstroPay. We are also happy to see that Bubinga accepts crypto deposits made in Tether (USDT) on the Tron or Ethereum blockchains, as well as Bitcoin, Ethereum, Litecoin and Ripple.
Withdrawals usually must be made using the same payment method or bank account as the original deposit was made from. It’s also worth keeping in mind that the maximum withdrawal amount is USD 250 or the equivalent in another currency, per Bubinga’s policy. Bubinga makes it clear on its website that it will cover all fees related to customer deposits and withdrawals.
Traders can reach Bubinga’s customer support using either email, make a callback request, or use the online live chat option on the broker’s website. Unfortunately, no information is given on the website about the support team’s working hours. The broker promises to get back within an hour on all callback requests.
In conclusion, it’s important to point out that Bubinga is a very new player in the binary options space, and that there is therefore limited information about user experiences with this broker so far. From what we have seen, however, Bubinga appears to be a broker determined to carve out its own share of the market for binary options trading, and we believe this will be welcomed by users.
As always, it’s important to do thorough research before depositing money with any broker, and that is also true for Bubinga.