Binary.com

Details

Platform Binary.com
Website URL binary.com
Founded 1999
Headquarters Malta, Malásia, Ilha de Man
Support Number +44 (0) 1666 800042
Support Types Help Center , System of tickets , E-mail
Languages Chinese , Contact Us , French , Contact Us , Indonesian , Italian , Polish , About Us , Russian , Contact Us , Thai , Vietnamese
Trading Platform SmartTrader | Webtrader | Binary Bot | MetaTrader 5 | Ladders
Minimum 1st Deposit 5 USD
Minimum Account Size 1 USD
Minimum Trade Amount 1 USD
Maximum Trade Amount 100.000 USD
Bonus Registration Bonus | Deposit Bonus
Payout Mean = +/- 85%. Max: 1000% +
Leverage Up to 1000
Free Demo Account Yes
Regulated Yes
Commissions Yes
Commission Info Revenue sharing: 20% to 35%. Turnover: 0% to 1,25% IB Commissions: Up to 10 units of base currency per lot
Account Types Binary Options Platform: Real money account, Cryptomoeda real account, Virtual account , MT5 Platform: Standard Account, Advanced Account, Volatilities Account
Deposit Methods Bank Transfers , Credit and Debit Cards , National and International Electronic Portfolios , Cryptomanes , Local methods through authorized payment agents
Withdrawal Methods Bank Transfers , Credit and Debit Cards , National and International Electronic Portfolios , Cryptomanes , Local methods through authorized payment agents
Trading Methods Method chosen by the client
Number of Assets 57
Expiry Times 1 minute to 365 days
Types of Assets Privacy Policy , Indexes , Raw Materials , Pair of coins , Cryptomoedas , Synthetic indexes
Option Types Up / Down , Top / Bottom , Touch / Do not Touch , Inside Outside
Trading Currency USD , EUR , GBP , BTC , BCH , DAI , ETH , LTC , UST
Account Currency USD , EUR , GBP , BTC , BCH , DAI , ETH , LTC , UST
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 101%

Pros

  • More than 100 Assets
  • 1 to 2 Days Payment
  • Mobile Friendly
  • Low Deposit

Owned by the Regents Market Group, Binary.com was created for the first time in 1999 and licensed in the Isle of Man and Malta. As one of the most well-established platforms,Binary.com was not always known by this name. In fact, until 2013, it was known as BetonMarkets.com. The rebrand was realized to capitalize and increase its participation in the growing digital options market.

With offices in Malta, Malaysia and Japan, the company now has more than 1 million accounts registered worldwide and handles approximately 15 transactions per second. To serve its customers around the world, the site is published in 12 languages. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.

A trading platform with multiple awards Binary.com. The success of the company is based on flexible trade, simplicity, low prices, confidence and security. With more than $ 2 billion traded to date and their commitment to providing first-class customer service, they have managed to maintain their position while many others have entered the market around them.

How did this online platform stand the test of time? In thatBinary.com review we examine:

  • What types of accounts are available for traders Binary.com and how they differ
  • Payments you can expect to make successful deals with this platform
  • The functionality and usability of the site on all mobile devices and tablets

Account Types

Unlike many platforms, there is no menu of accounts to choose from. In fact, there are only virtual and real accounts.

Virtual account

When you visit your computer or mobile site, you are encouraged to open an account, but it is not a real account. Follow the steps to open an account, and you’ll be prompted to enter an email verification code to complete the process. Once you have done this you have your own liveBinary.com demo account with $ 10,000 to practice. A Virtual Account or a “demo account”, as they are also known, allow beginners to practice and get used to trading before risking their own real money.

Real account

Once you have to deal with the platform through your Virtual Account, you can open a Real Account with only $ 5. This is much more affordable than other online trading platforms that require a minimum of $ 250 and is clearly a contributor to its popularity with so many account holders. It takes very little time to open a Real Account and, in a few simple details, within minutes, your account is active and you are ready to negotiate. There is a menu box that allows you to move between your real account and your virtual account and to prevent you from getting carried away by asking if you would like an update or “reality check” and at what intervals.

Types of trade and payments

The payment percentage is changed in real time for all types of trading. Unlike other brokers who can declare a payment of 85% for a simple put / put trade, theBinary.com platform updates while you watch. Second, the payment amount goes up and down, allowing you to choose when to conduct your trading. As an indication, the trader can expect to achieve a return of about 85-86% for a successful trade. The minimum trade amount is only $ 5, which makes this a decent beginner broker.

As in many of its peers, the Binary.Com platform offers the following types of negotiations.

Call / Sale Options

This type of trading has two options. Ascension / Fall or High / Low; A simple prediction of whether the asset will increase or decrease the price in the allotted time.

Touch / no touch options

Profits are much higher with the type of trade, with a return of around 1,000%. Again, it is difficult to predict the exact return as prices change in real time.

Input / output options

With In / Out trading, there are two options. Finish In / Out or Stays In / Goes Out with returns of around 1000%.

Bonus and Promotions

With such a low deposit required, it is not surprising that Binary.com do not need a lot of tempting bonuses to motivate people to sign up for their trading platform, but there’s a $ 20 welcome bonus offered to those who open an account with only $ 5. It’s not widely publicized, and someone wishing to open an account in this way would need to look Binary.com Bonus to find the option.

Mobile Negotiation

While Binary.com have made many technological breakthroughs and offer such an intuitive trading platform that there is no mention of a dedicated mobile application. After further research when searching the App Store on iOS or Google Play, this confirms that there is no app available for iPhone, iPad, or Android devices. That said, the mobile platform is highly functional, very easy to use and not too complicated.

Opening an account on any site on a smartphone can sometimes be a tricky experience, but when you sign up for Binary.com the data entry boxes are clear, functional and easy to use, while they are large enough to see what you are doing without squeezing your eyes.

One of the great features of the mobile phone is the highlight of the account the trader is currently using. In the upper right corner of the screen, there is a drop-down box with the option to switch accounts. In addition to a clearly labeled differentiation between virtual and Real, there is also the account number, so you do not have to go around if you need to call support.

Deposits and Withdrawals

There are many ways to deposit funds into your Binary.com trading account. Choose between debit or credit card; Visa, Mastercard or Union Pay. You can also use a bank transfer or cash, or one of the many methods of E-Cash, such as Skrill or OK Pay. As mentioned earlier, the initial minimum deposit amount required is only $ 5 and the released funds will be available to start trading immediately.

Withdrawals are made in the same way as deposits, so if you made your deposit through a credit card, all the money withdrawn will be returned to the same card. Once a withdrawal is requested, a verification token is sent via email to ensure security. Then it takes between 1 and 5 days for the money to be returned. Processing time depends entirely on whether you are using an electronic transfer, a credit or debit card, or an ATM.

We advise all marketers to ensure that they have followed the proper verification and identification process to avoid any withdrawal problems. While doing ourBinary.com review we had no bank problems to report.

Special features

One of the main characteristics of Binary.com is its unique trading platform for “fixed odds.” The platform allows you to set your trading price and tells you the price that will be returned to you, which essentially allows you to choose your profit. When you start trading, the price you need to get a $ 10 return, for example, will go up and down in front of your eyes. Once you confirm your trading, it will be locked and your payment amount will remain fixed.

As mentioned above, it is obvious that the main characteristic Binary.com is the fact that you can open an account with only $ 5. Although many competitors offer long and possibly complicated menus of accounts and options, this low deposit option is probably the main reason they have as many account holders as they do.

Customer support

With many digital option operators, you can sign in and see immediately how to contact a customer support member. This may be in the form of an intrusive live chat box that appears to check whether you’re okay or a highlight button if you need to start a live chat. With many platforms, you’ll find a list of numbers, depending on your country and a list of contact methods.

Now, while all of this is available with Binary.com it is not so visible and you need to look it up. When scrolling to the bottom of the computer website, you will find a small “Contact Us” link. Once you open this page, you have the option to choose phone numbers, email, or live chat, and after a closer look, there is a drop-down box that allows you to choose the relevant country you want to call. There is also a list of addresses to record.

Conclusion

Binary.com seems to be unique in its trading platform and the technology offered. They also seem to have the advantage of many of the leading online trading platforms where you can open an account with only $ 5. This may be a reflection of your “no frills” offer with the lack of an app and other features that you can expect to find. The information provided is basic and they do not seem to shout about the benefits of the platform. Their focus seems to be ease of use when it comes to trading and the fact that they have a unique trading platform.

During our complete and detailed Binary.com review process, we find few complaints and no evidence that this broker is a scam. Their longevity puts them in good standing and they clearly built their legitimate followers through trust and reputation. The risk of the trading of digital options is not less than Binary.com but it allows the trader to “dip his toe” without committing as much as with other traders.

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The features provided by this site may involve operations with a high level of risk, and there is potential for financial loss in its execution. By purchasing financial instruments offered through this Website and the Services, you may incur significant financial losses or even lose all funds in your account.