Binary.com Review will help you to choose right trading platform. It is a trading platform that allows you to trade binary options 24/7, even on weekends. Binary.com was founded in 1999 under BetOnMarkets.com before rebranding to Binary.com almost ten years later.
Binary Group LTD. Binary.com owns Binary.com has local offices in Malaysia, Malta, Paraguay, and the United Arab Emirates. With over 1,000,000 plus registered users and over 20 transactions per second, Binary.com is a oldest and most respected names in the binary options trading industry.
But is Binary.com right for you? Can this broker be trusted? In this Binary.com review, I’m going to tell you everything you need to know.
Binary.com Review – Trading Platform
Binary.com is simple enough for beginners with minimum trading experience while also offering enough features to satisfy even the most advanced option users and traders.
- Their Regulation: MFSA, VFSC, BVI Financial Services Commission, and Labuan FSA
- The Minimum Deposit is: $5
- Withdrawals: 24 Hour Processing
- US Traders: Not Accepted
- Payouts: Up to 91%
- Assets: Commodities, Indices, Currency Pairs, and Synthetic Indices
- Minimum Trade: $1
- Mobile Trading: Yes
- Trading Platform: Custom
- Demo Account: Yes
- The minimum deposit is just $5
- The minimum trade is $1
- Maximum Payout: 85%
- Assets: Commodities, Indices, Currency Pairs, and Synthetic Indices
Binary.com Review – Trading Platforms
To cater to the needs of both new and advanced traders, Binary.com has a variety of trading platforms that you can choose from.
For newcomers, you have the option of using their derivative platform or SmartTrader. These platforms are custom-built and designed explicitly for binary options trading in a simple and easy-to-use interface. With both Deriv and SmartTrader, there are a variety of trades for you to choose from, including:
- Touch/No Touch
A great feature that Binary.com has is the ability to set your own expiry time period, ranging anywhere from 1 day up to 1 year.
Binary.com Review – Advanced Platforms
For advanced traders, you can select between MetaTrader 5 and Binary WebTrader.
MetaTrader 5 is a multi-asset online trading platform that is recognized worldwide. With MetaTrader 5, you can trade FX, CFD, and binary options with one powerful platform.
Binary WebTrader is an advanced binary trading options trading interface that lets you simultaneously monitor your favorite assets and market movements. With its full-screen interface, you can sort all your necessary charts, asset indicators, historical data, and market movements however you see fit. This platform is also available in 13 different languages.
Binary.com has an auto-trading tool that lets you automate your trading strategies using a simple drag-and-drop bot creation tool.
Binary.com Review – Payouts
Binary.com has some of the best payouts among online binary options brokers. Of course, the profits you make in a successful business will depend on the type of business, maturity, and assets. However, you can get returns up to 100% on rising/falling trades and up to 1,000% on high/low and touch / no-touch trades.
Binary Options – The Binary Options is the most accessible type of contract that you can trade on Binary.com. This type of options trading pays a certain amount based on a simple yes or no offer.
Lookback – Lookback is a type of trading agreement with a payout depending on the best low or high achieved by the trading market. This type of option approves you to “look back” over time to determine the payment.
CFDs – A CFD (Contract for Difference) is a financial derivative that allows you to trade in the movement of an underlying asset without actually owning the assets. CFDs are complex financial instrument, and it carries a high level of risk due to their leverage.
Forex – Trading FX lets you buy, sell and trade currency pairs in the global market.
Binary.com Review – Account Types
Binary.com have 2 types account
- Demo account
- Real Account
Binary.com offers a free demo account to practice trading with some virtual money. It allows you to sharpen your trading skills and test new strategies without risking real money. The free Demo accounts are funded with $ 10,000 in virtual funds to practice with you.
You can easily open a live trading account with Binary.com with an initial investment of $ 5, which is quite a bit less than most binary options brokers. A real account gives you access to beginner platforms, advanced platforms (including MetaTrader 5) as well as their mobile app on the go.
Binary.com Review – Regulation
Binary.com is a licensed and regulated online broker with over 1,000,000 traders worldwide. To comply with regulations worldwide, this broker has multiple licenses from various regulatory bodies.
In Europe, Binary.com operates under Binary Investments Ltd and is regulated by MFSA (Malta Financial Services Authority) as a Category 3 investment service provider with a license number. IS / 70156.
For clients outside the EU, USA, Canada, and Hong Kong, Binary.com operates under Binary (SVG) LLC. The company is located in St. Vincent and the Grenadines under company number 252999 BC 2019.
Clients who want to open an FX or CFD Metatrader 5 account are regulated by Binary.com VSC (Vanuatu Financial Services Commission), British Virgin Islands Financial Services Commission, and Labuan Financial Services Authority.
Binary.com provides a binary trading app called Binary Tick Trade, which lets you trade binary options on the go. With the mobile app, you can conduct business, check your account status and raise funds through their web platform. The Binary Tick online Trade app is available for iOS and Android. You can download this application from Apple Store or Google Play Store.
Binary.com has 58 plus different assets to trade, including stocks, commodities, currency pairs, and indices. Of course, this broker doesn’t offer as many assets to trade as other brokers, but it’s still enough for most traders.
- Commodities – Gold, Platinum, Palladium, Silver, and Oil
- Indices – Euro 50 Index, Hong Kong Index, Wall Street Index, UK Index, US Index, and more.
- Synthetic Indices – Volatility 10 Index, Bear Market Index, Volatility 75 Index, Bull Market Index, and more.
- Currency Pairs – All the major pairsGBP/USD, EUR/CAD, , including EUR/USD, AUD/JPY, USD/CHF, and many more.
Deposits and Withdrawals
For bank transfers, the minimum and maximum deposit and withdrawal amount is 500 USD The maximum deposit and withdrawal amount is $ 100,000. Accepted currencies include USD, GBP, EUR, and AUD. The processing time for Standard Bank Transfer is one working day. If you use Internet Bank Transfer, it can take 15 minutes to deposit. If you use PayTrust, the Deposit is instant.
Binary.com accepts Visa, MasterCard, and Maestro for credit and debit cards. Credits accepted for credit cards include USD, GBP, EUR, and AUD. The minimum deposit and withdrawal amount are 10$, whereas the maximum deposit and withdrawal amount are $ 10,000. The Deposit is processed immediately, and withdrawal can take up to 1 business day. It should be noted that MasterCard and Maestro withdrawals are only available to UK clients.
Binary.com accepts all major e-wallets, Perfect Money, including Fasapay, Skrill, Neteller, WebMoney, QIWI, Paysafe Card, Jeton, iWallet, STICPAY, and Airtm. The minimum deposit and withdrawal using an e-wallet are $ 5, but the maximum amount will vary depending on which e-wallet you use. With an e-wallet, your Deposit is instantaneous and withdrawal time is $1.
Binary.com adopts various cryptocurrency payment methods, including ETH (Ethereum), LTC (Litecoin), UST (Tether), and BTC (Bitcoin).
Why choose Binary.com as your broker?
Sharp Price – Binary.com’s patented pricing technology gives you the same return rate as traders in the interbank market. No hidden fees or commissions.
Flexible Trade – Binary.com has a lot of flexibility with your business. You have the option to choose from a variety of trades, your expiration date and choose your own payout from $ 1 to, $50.
Controlled Risk – If you use Binary.com as a broker, you will understand the risks and rewards of each Trade before you buy a deal. You have the power to sell your options before the expiration date to keep a profit or reduce your losses.
Security and safety – Binary.com is a trusted broker since they launched its platform in 2000. They are licensed and regulated by multiple agencies, and including the Malta Financial Services Authority, the Vanuatu Financial Services Commission, the British Virgin Islands Financial Services and Labuan Financial. Service authority. All funds deposited to keep your money safe and secure are split into separate bank accounts.
For your convenience, the Binary.com trading website is available in 9 different languages, including English, Spanish, French, Polish, Chinese and Italian. For customer support, you also can use their contact form to request help via email or you can call their toll-free phone number is (+44 800 011 9847). Unfortunately, the Binary.com trader customer service team does not offer any live chat support, which is a problem for some.
The Final thought
In my true opinion, Binary.com is one of the top binary options brokers in the industry. Their platform offers outstanding payments, mobile trading, multiple types of trades, and different payment methods to pay into your account. Binary.com provides enough features to satisfy even the most advanced options traders, easy to use for beginners with minimal trading experience. And most importantly, Binary.com is licensed and regulated by multiple regulatory bodies.