00:00Hello, Schmidt, and I'm back with another trading video.
00:05So today I have something really exciting.
00:09I just came across a new binary options trading platform called Binodex, Binodex, and I'm
00:23really excited about it, and I wanted to do a review of the platform here, and the reason
00:32why I love the platform, it's going to be a real competitor to Pocket Option.
00:39Pocket Option doesn't really have any competition out there, but this platform just came on the
00:46scene a few months ago, I think back in April or May, they launched, and I wanted to do
00:55some comparisons here.
00:57So first, they have a number of different assets that are available you can trade here.
01:08Let's take a look.
01:09Copy trading.
01:11They have copy trading, AI trading, support.
01:15Let's see here.
01:18Let's click on the assets icon.
01:21Okay.
01:21So they have a number of assets available to trade.
01:25They have currencies, including your OTCs here, if you're interested, if you like to trade OTC
01:33assets, and they also have the regular global currency pairs here, which is what I'm really
01:43excited about because I have my binary quant trading engine I'm going to be using on this
01:49platform to take trades.
01:51I'm going to be doing some videos in the future, in the near future.
01:55I have my account set up here.
01:59So, yeah, you can trade regular currency pairs.
02:03You can trade the OTCs here.
02:05They also have indices.
02:08In the indices, these are all the OTC indices.
02:13Let's see here.
02:14They have stock OTCs.
02:16If whatever you don't see there in the dropdown, you can just type it in.
02:22They have commodities also available, like palladium, gold, copper, natural gas.
02:34Platinum, and XAG is silver.
02:37Okay.
02:38And if you don't see anything here, you type it in.
02:40They may not have it, but there's plenty of commodities to trade here.
02:46But my main thing is the currencies here and the real currency pairs here.
02:54And another good thing that I like about this platform is that their rates are a lot, they pay a
03:01lot more than pocket option here.
03:03You see, the rates of return here, we're talking anywhere from 89%, 75%, whereas pocket option, their rates of return
03:13are a lot less.
03:15So, that's one of the advantages of BinoDex here.
03:20Let's see here.
03:21Okay.
03:22So, they also have a number of indicators available that pocket option doesn't have.
03:27They have EMAs, SMAs, Simple Moving Average, MACD, Stochastic.
03:33This is the dropdown menu that I see here.
03:37These are the available indicators.
03:39Vortex, ADX, Commodity Channel, Whale Absorption, Flow Scope, Volume Gaps, Ichimoku Cloud, Parabolic Saw, Williams Fractal.
03:51Right Channel, Bollinger Bands, Awesome Oscillator, Smooth Moving Average Indicator.
03:58Okay.
03:59So, that's what I'm seeing.
04:00I've been in touch with the support staff.
04:03They're saying they're upgrading.
04:05This is a new platform.
04:06They're going to be doing some upgrades to get some new indicators.
04:12They also have different, okay, you can do Fibonacci lines here.
04:18Some of the tools, the trading tools, they have line bars, continuous line, if you want to do line charts,
04:27if you want to plot your lines and your resistance and support zones.
04:31We have, there's a channel button here.
04:34I'm not going to get into that.
04:37But, let's see what else they have here.
04:40They also have multi-chart.
04:42You can line up several charts at the same time, different currency pairs, which is great.
04:51Let's see what else.
04:52Okay, so, this is a real account here.
04:55I just dropped $50,000 into my real account, but they do have a demo account here.
05:03This is the demo.
05:05You can start with $50,000, but I have also a real account.
05:13If you want to do some practice trading with your demo account, you can do that first before you decide
05:20to use real money here.
05:23It's the demo here.
05:29They also, let's see, we have this deposit options.
05:34You basically need to, they also have deposits in crypto and card here.
05:42And you can actually, let's see, load up the crypto, let's load up the card payments here.
05:51And what you have to do is you can buy with your card, with your credit card, but then it
05:59tells you how much crypto you're going to get in a USDC, a USD coin, right?
06:05Because you're going to be using crypto to trade, and see, you can buy USDC, let's see here.
06:14I used crypto.
06:17Let's see here.
06:18Okay, they use TopperPay in order for you to buy with your credit card.
06:27Let's see, accept all cookies here.
06:31Okay, so this is the platform that they use in order to convert your cash or credit payment into crypto,
06:40I believe, here.
06:42I use crypto.
06:43It's really easier to have a crypto account.
06:47Okay.
06:48They also take Apple Pay.
06:51You're going to have to verify, do some verification.
06:54You send your email, I guess the email connected to your account, and, you know, do a verification process.
07:04But you also, like I said, you can use Apple Pay, all right, to open an account.
07:12Let's get out of that.
07:16Let's go back.
07:19Okay.
07:26Okay, like I said, you can also use crypto, which is probably the best method, the quickest method.
07:33You can transfer crypto, or you can deposit from your crypto wallet here.
07:41Okay, so these are the forms of deposit, and the withdrawal method is going to be the same method that
07:49you deposited to.
07:51Or if you have a different wallet, you can always withdraw to a particular wallet.
07:58Let's say you deposit in Bitcoin, which is what I did, and you want to withdraw in USB-T, you
08:06just have to make sure you give them your proper USB-C address.
08:13And we can go into that a little bit further, but anybody that does trade knows how to basically send
08:21and receive crypto here, right?
08:24Okay, so here, it's pretty similar to any binary options per trading platform.
08:29They have various, you can put in your deal amount, how much you want to trade.
08:36Let's see, I have $50,000 in my account.
08:40I think you can trade up to, I'm not sure, but I don't usually trade huge amounts like that.
08:46I usually trade about anywhere to 1% to 5% of my balance.
08:50It's part of good money management, like I've shown in other videos.
08:58Okay, so they have expiry times available here.
09:02These are the expiry times available.
09:04You can do M1, which is 60 seconds, M220 seconds, M3, M4, 4 minutes, 5 minutes, and 15 minutes.
09:15The reason why this platform interested me so much, because I built my binary quant trading engine to trade on
09:24the 5 and the 15 minute time frame.
09:26And those time frames are available here.
09:29Let's say if we click on 15 minutes, you see the expiry window.
09:33The expiry line moves further out because it's set to 15 minutes here, right?
09:41Okay, currently, so let's put it back to 5 minutes.
09:46All right, so these, you can also set your candles here.
09:51These, on the chart, you can set it to H, we currently have it on H1, which means all the
09:58total of these candles, I believe these are 1 minute, oh, these are 30 second candles.
10:03Let's do here, let's do 1 minute candles.
10:06Okay, these are 1 minute candles.
10:09And there should be 60 candles there.
10:12And this is why you see that H1 here at the bottom left.
10:15You can also extend it out to like 3 hours worth of candles.
10:20All right, okay.
10:22Since it's Sunday night, the market's just open here.
10:25So that's why you don't see these candles here since the start of the trading, the forex markets, the regular
10:34market.
10:34The OTC market is open 24 hours, 7 days a week.
10:39But I primarily trade in the regular currency markets.
10:44All right, so let's go back here.
10:47Let's set it to 1 hour, right?
10:54Oh, this is the MACD, I think.
10:57Let's see here.
10:57What do we have here?
10:58Let's take that off.
11:00Okay.
11:03You can, like I mentioned, there are indicators.
11:06Let's check out one of the indicators here.
11:09Oh, I think I did have the MACD open, the MACD indicator.
11:14Let's put stochastic.
11:16Let's see what happens.
11:17Okay.
11:17There goes the stochastic oscillator.
11:20We can go in there and you can go in and change the, let's close this button.
11:30You can go in and edit the settings.
11:35Let's, oh, there we go.
11:36Okay.
11:37So the MACD apparently is open.
11:40Let's close the MACD indicator for a second here.
11:44With the stochastic oscillator, there's the pencil icon there, and you can go in and change the settings here, similar
11:51to many of the other binary options trading platforms.
11:57So that's, that's, that's a real neat feature.
12:01What else do we have here?
12:03Let's, let's get rid of the stochastic indicator just to clear up the board here.
12:08Okay.
12:09So, yeah, this is a new trading platform.
12:13Like I said, I just opened an account here.
12:15I dropped 50,000 into this account here.
12:18Um, I'm really excited about this trading platform.
12:22I'm not going to go too much.
12:24I just wanted to give you a brief introduction to the platform.
12:27Like I said, I've been in touch with the support staff.
12:30They, they just launched and they're going to be adding new features along the way.
12:35And this is a legitimate competitor to pocket option.
12:40I think the, uh, the candles are a lot more responsive too, uh, and a lot more updated than the
12:50pocket option platform.
12:52So, all right, I went over the different deposit methods.
12:58Yeah, you have, like I mentioned, real account.
13:00Uh, there's a demo account available here.
13:06Um, let's see here.
13:08Gives you a section for opening trades.
13:10I haven't opened any trades yet because I just literally opened an account here.
13:16History, if all the trade history would show up here, there's nothing there currently.
13:22Um, we have copy trading.
13:25All right.
13:28Okay.
13:29There, uh, aren't any.
13:30Oh, okay.
13:31So it's no, wait a minute.
13:32Let's see here.
13:35Okay.
13:36Um, there aren't any, uh, copied.
13:40Let's see my trade.
13:41No, I haven't, I don't have any trades yet.
13:43So there wasn't anything, but I think, um, this would show the copy traders section here.
13:51If you, if you decide to, you want to do some copy trading.
13:54Let's see what we have here.
13:56Oh, what's this?
13:58Okay.
13:58That's copy trading.
13:59There's AI trading.
14:01Okay.
14:02You can do some AI trading.
14:04If you're into AI trading, uh, you just put in your amount.
14:08Uh, you, uh, or unlimited.
14:12I'm not sure what that means.
14:13I don't really do copy trading.
14:16I trade from my own account, but, uh, there are a lot of people that like the copy trading
14:21function.
14:21So that AI trading, artificial intelligence trading is, is available.
14:26Uh, there's a support feature.
14:29Of course, if you need to get in touch with the support staff, they're very responsive.
14:33Uh, you can contact them through the website here, the website support, or they also have
14:40telegram.
14:41If you want to get to them a lot quicker and get ahold of them, hotkeys, these are the hotkeys
14:50available here.
14:52Uh, let's see what we have here down here.
14:55Full screen.
14:57Oh, I can do full screen, um, but I'm not.
15:03Let's get out of full screen here.
15:08All right.
15:09I'm good.
15:09The way this is here like this, uh, but if you want, you know, you can, you can exit here.
15:15What else?
15:16You can expand and play around with the platform.
15:20Um, but I'm, like I said, I opened an account because the payouts on the regular currency pairs
15:28are a lot higher than, uh, on pocket option.
15:33And so that's what I'm interested in getting more, uh, for my trades, uh, especially if
15:39I'm going to be utilizing my binary quant trading engine.
15:41And I can't wait to use the trading engine when the, uh, the London open, uh, I have videos
15:50on my channel that talk about the binary quant engine.
15:54Uh, if you want to find out more about it.
15:58Uh, but I just wanted to let folks know about Benodex here.
16:03Um, and their withdrawals are quick to me, literally, um, with pocket option, you may
16:11have to wait, you know, an hour or two, but with this, that these trick, these, uh, withdrawals
16:16are pretty instant.
16:17Like when I made this deposit, man, it was like instant.
16:21Right.
16:22Okay.
16:23So, and I'm going to, in the future, you know, show you some withdrawals and how quickly the
16:28withdrawals go through on this platform.
16:31If you're concerned about the withdrawals on Benodex.
16:36All right.
16:37So I'm not going to stay too long.
16:40I just wanted to give you guys a quick review of the Benodex platform.
16:45I'll have a link in the video comments or the video description or the channel.
16:50If you want to get started on Benodex, uh, if you want to, and also on the OTC assets,
16:57I also wanted to mention that, uh, if we go to the OTC assets, the payouts are also a
17:05lot higher for the OTC assets on Benodex than they're on pocket option.
17:10All right.
17:11So that's another good thing about Benodex.
17:13Uh, they're really, you know, looking out for traders a lot better.
17:18So that's another reason why I recommend, uh, you, you check out Benodex if you're into
17:25trading binary options.
17:27All right.
17:27So like I said, I'll have a link to the Benodex platform in the video comments or the video
17:34description or the channel bio of my channel.
17:38And I'll see you in the next video.
17:39Gus Schmidt Benodex trading platform review, see you in the next video.
17:47Bye.
17:51Bye.
