Binary.com

Details

Broker Binary.com
Website URL https://www.binary.com
Founded 1999
Headquarters Malaysia
Support Number +44 (0) 1666 800042
Support Types Help Center , Ticket system , Email
Languages Chinese , English French German Indonesian , Italian , Polish , Portuguese , Russian , Spanish 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 Average = +/- 85%. Max: 1000% +
Leverage Up to 1000
Free Demo Account Open Demo
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 fiat currency account, Cryptocurrency real account, Virtual account , MT5 Platform: Standard Account, Advanced Account, Volatility Account
Deposit Methods Bank transfers , Credit and Debit Cards , National and International Electronic Portfolios , Cryptocurrencies , Local methods through authorized payment agents
Withdrawal Methods Bank transfers , Credit and Debit Cards , National and International Electronic Portfolios , Cryptocurrencies , 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 Actions , Indices , Raw materials , Currency pairs , Cryptocurrencies , Synthetic indices
Option Types Up / Down , Top / Bottom , Play / Don't Play , 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

Cons

  • No US Merchants

Binary.com is a CFD (MT5) trading platform that is owned and managed by the Regents Market Group. The platform allows online trading in financial markets, including cryptocurrencies and foreign exchange markets. Our review details everything you need to know before opening an account and starting trading.

It was only in 2013 that BetonMarkets.com was renamed Binary.com by the parent company, to lead an expansion plan to capture a larger share of the financial trading market.

Today, with the company’s headquarters located in Malta, in the Mompalao building, Suite 2, Tower Road, Msida MSD1825, Binary.com has grown to serve more than one million customers worldwide.

Since then, they have expanded to include satellite offices in Malaysia and Japan as well. The platform was also developed to include MT4 and MT5 integration.

Binary.com Regulation and Reputation

In terms of reputation, Binary.com is an award winning platform. Over the years, the platform has won several awards from leading financial industry reviewers.

These awards are all testimonials to the first-class service that Binary.com has provided to its customers over the years.

In addition, it is also comforting for traders to know that they are dealing with a legitimate and regulated broker.

In terms of regulatory oversight, Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under license number IS / 70156.

In the Isle of Man and the United Kingdom, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission, respectively.

The platform also received a Remote Bookmaker’s license from the Irish Revenue Commissioners.
Trading Platforms

It is interesting to note that Binary.com is able to offer its traders a wide selection of trading platforms. Trading platforms are categorized into (1) basic platforms and (2) advanced platforms.

Binary.com Basic Platforms

There are 2 types of basic platforms, the Binary.com platform and the Binary Tick Trade application. Both platforms are used to trade binaries with the latter designed specifically for mobile trading.

Binary.com Advanced Platform

As for the advanced trading platforms and trading software, Binary.com has the following:

  • The MetaTrader 5 platform, for CFDs and forex trading
  • The Binary WebTrader, for trading advanced binary options
  • The Next-Gen binary platform, for advanced trading features
  • The Binary Bot platform, for automated binary trading

Binary.com Mobile Trading

As mentioned earlier, the Binary Tick Trade app is specifically designed for traders who need to be mobile and not be stuck to their desktop trading terminal.

The application is available for free and can be downloaded from the Apple App Store and Google Playstore. With the app, traders can check the status of their trading account, as well as execute trades.
Trading accounts offered

Regarding the type of trading platform available at Binary.com, the broker has only two types of trading accounts to offer, a standard trading account and a virtual account.

Binary.com Virtual Account

The virtual or demo account is basically a preloaded practice account with $ 10,000 in virtual money. It allows novice traders to test the trading platform and trading strategies, without having to risk any real money.

It also provides a tool for advanced traders to test trading strategies and theories.

Binary.com Standard Account

Once you are confident enough to start trading live, you can open a standard trading account. Unlike most binary options brokers, who require a minimum deposit of $ 250 to open an active trading account, Binary.com requires only a minimum deposit of just $ 5, making Binary.com more accessible.

The account process is simple and hassle free. If you have already registered for a demo account, the process of converting a virtual account to a standard account is even easier with just a click of the mouse.

Binary.com MT5 Account

The MT5 account offers CFDs in forex, cryptocurrency and a variety of other financial markets. The metatrader 5 platform is a new addition to the offering, going live in summer 2019.

The software is therefore cutting edge and offers many of the features that modern traders need. Stop loss, order limit, advanced charts, trading strategy test and one click trading.
MT5 platforms have recently been tweaked to include new names that better reflect what each account does.

Thus, the ‘Standard’ MT5 account became ‘MT5 Financial’ and the ‘Advanced’ account became ‘STP Financial MT5’.

MT5 synthetic indices are now simply ‘MT5 Synthetic’.

The meta trader offering at Binary.com is constantly being updated and improved. It is a clear focus area for the group.

Binary.com Bonus

At the moment, Binary.com is not offering any form of free trade or no deposit bonus.

Binary.com Assets and instruments

At Binary.com, traders can trade in CFDs, as well as 4 types of binary options, such as Up / Down, Touch / No Touch, End In / Out and Stay In / Out.

As for the list of available underlying assets, you can choose from 114 different types of assets. They consist of 30 currency pairs, 4 currency indices, 28 market indices, 40 types of stocks, 5 types of commodities and 7 types of market volatility indices.

The addition of the MT5 platform further expands the offer.

Binary.com Customer Support

For the convenience of its customers, Binary.com has translated its website into a dozen different languages. As for customer service, merchants can contact the support team via live chat.

Full details can be found in the ‘Contact Us’ area of ​​the website.

Binary.com Deposit and Withdraw

As for the payment methods supported by Binary.com, there are many options. You can use major credit cards, such as VISA, Mastercard. Alternatively, you can also deposit funds into your trading account through electronic wallets, such as Skrill and Neteller.

You can also deposit funds into your trading account through online exchanges, such as Western Union. For merchants without convenient access, funds can also be transferred via electronic transfer.

Cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin and Ethereum are also accepted in place of fiat currencies. As for withdrawals, the entire withdrawal process takes 1 to 5 business days to complete depending on the method used.

Is Binary.com the best for the day’s trade?

As a platform for day trading, Binary.com is a suitable platform due to the fact that the expiration time for binary options can be as short as 2 minutes. The high returns offered also help to justify the trading risks involved in trading binaries.

Products offered on the Binary.com website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Binary options trading may not be suitable for everyone. Trading CFDs carries a high level of risk, as leverage can work both to your advantage and to your disadvantage. As a result, the products offered on the website may not be suitable for all investors due to the risk of losing all invested capital. You should never invest money that you cannot lose and never trade with borrowed money. Before negotiating the complex products offered, make sure you understand the risks involved.

Binary.com Accepted Countries

Binary.com accepts merchants from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and many others countries.

Traders cannot use Binary.com from the United States, Malaysia, Hong Kong, Iran.

Binary.com Frequently Asked Questions

Does Binary.com accept US merchants?
No. At the moment, Binary.com does not accept merchants based in the United States. Visit the broker page for a list of brokers who accept dealers in your region.

Does binary.com offer trades on Nasdaq?
Yes. Nasdaq is listed as ‘US Tech 100’ in the list of indexes. The minimum time that can be traded with binary options is 15 minutes. CFD trading is also available through the MT5 platform.

Is there a mobile app?
Yes. Mobile trading is available via the ‘Tick Trade’ Android app. SmartTrader is also available on mobile.

Binary.com has MT4
Yes. Binary.com offers MetaTrader integration. Traders need to open a specific account to access MT4 and MT5 platforms.

Is coverage allowed?
Yes. Binary.com offers binary options and CFD trading depending on your region. Both can be used to protect other deals. Payments between types of investment vary, of course, so make sure you understand the potential payments for each trade if your goal is hedging.

Is Binary.com a regulated and reliable broker?
Yes. Binary.com has been in the market since 1999. This longevity in the financial market is a sign of solid customer satisfaction. They are also regulated and licensed by:

VFSC (Vanuatu)
FSC (British Virgin Islands)
IBFC (Malaysia)

What is the minimum deposit required to open an account?
The minimum deposit required to open a trading account at Binary.com is $ 5. To open advanced and MT5 accounts, you first open a standard account and then sign up for higher levels. This does not require any additional deposit.

How quickly are withdrawals processed at Binary.com?
The normal processing time for a withdrawal request to be processed is one business day. However, it can take up to 5 business days for the funds to appear in your bank account.

What kind of platform does Binary.com offer?
Binary.com uses MetaTrader 5, as well as several proprietary platforms, including mobile apps.

What instruments can I use at Binary.com?
You can trade in markets with CFDs or binary options at Binary.com.

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