Binary.com Review

Overview

Binary.com is one of the oldest and most reliable brokers in the CFD, forex and binary options trading world. Their trading platforms allow you to trade global stock markets and… more

Read Full Review

Details

Broker Binary.com
Website URL www.binary.com
Founded 1999
Headquarters W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta
Support Number +44 800 011 9847 (Toll Free)
Support Types Live Chat, Help Ticket Center, Phone
Languages English, Spanish, French, Indonesian, Italian, Polish, Portuguese, Russian, Vietnamese, Chinese Simplified, Chinese Traditional
Trading Platform Deriv, SmartTrader, Binary Grid, Tick Trade Android App
Minimum 1st Deposit $5
Minimum Account Size $1
Minimum Trade Amount $1
Maximum Trade Amount $50,000
Bonus None
Payout Up to 1000%
Leverage N/A
Spread N/A
Free Demo Account Open Demo
Regulated Yes
Regulation In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156). Outside the EU, financial products are offered by Binary (SVG) Ltd, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).
Fees Yes
Fee Info No hidden fees
Commissions Yes
Commission Info No hidden commissions
Account Types Demo Account, Real Money Account
Deposit Methods Bank transfer, internet bank transfer, Paytrust, Visa, Mastercard, Maestro, fasapay, Perfect Money, Skrill, Neteller, WebMoney, Qiwi, PaySafeCard, Jeton,iWallet.., Sticpay
Withdrawal Methods Bank transfer, internet bank transfer, Paytrust, Visa, Mastercard, Maestro, fasapay, Perfect Money, Skrill, Neteller, WebMoney, Qiwi, PaySafeCard, Jeton,iWallet.., Sticpay
Trading Methods Binary Option Trading, CFD Trading
Number of Assets 114
Expiry Times From 10 seconds to 365 days
Types of Assets forex, shares, commodities, cryptocurrencies
Option Types Up/Down, Touch/No Touch, End In/Out and Stay In/Out
Account Currency EUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9

Full Review

Binary.com is one of the oldest and most reliable brokers in the CFD, forex and binary options trading world. Their trading platforms allow you to trade global stock markets and assets like binary options, forex pairs, cryptocurrencies and precious metals.

But can you, as a trader, trust Binary.com? Or is it all just a scam, those binary options? In this Binary.com review you will find out.

– Easy to use trading platform

– Licensed since 2015

– Higher than 100% payouts on rise/fall contracts

– No hidden fees or commissions

– More than 100 financial assets, including CFDs

– Cryptocurrencies, precious metals and forex options available

– Demo accounts funded with $10,000 in virtual cash

Binary.com Company Information

Binary.com is a binary option and CFD trading platform since 1999 and was called BetonMarkets.com before. They have more than a million clients world wide and their trading platform executes about 20 trades per second.

Binary.com is owned by Binary Group Ltd. Their head office is based on Malta but they also have offices in Japan, Paraguay, Japan, Dubai and Malaysia.

Binary.com Trading Platforms

Binary.com offers beginner traders and experienced traders with several different trading platforms. Each platform has it’s own pros and cons and can be used to trade several asset classes.

Deriv

Deriv is an easy to use trading platform with a lot of features available and ideal for beginner traders. Simply select an asset, trade type and expiry rate and decide how much you want to invest.

On the Deriv platform the following binary option types are available: Rise/Fall, Higher/Lower and Touch/No Touch.

SmartTrader

SmartTrader is a web-based trading platform which you can use to trade the world wide financial markets. In contrary to other binary option brokers that use SpotOption as trading platform, Binary.com has developed it’s own trading platform, similar to IQ Option and Expert Option.

WebTrader

WebTrader is an advanced trading platform which is fully customizable for each trader, comparable to MetaTrader. With the full-screen interface you can set where you want to have which graphs, historical data and other data. This platform is very intuitive and offers features for experienced traders.

MetaTrader 5

MetaTrader 5 is an advanced multi-asset trading platform where you cna trade forex, CFDs and binary options. This powerful platform is the world wide standard for traders. MetaTrader 5 comes with a series of technical analysis tools which gives you the option to use auto trading robots and copy trading. MetaTrader is available for Windows, Mac, Linux, iPhones and Android.

Mobile Trading on Binary.com

Binary.com facilitates traders that like to trade on-the-go with two different mobile apps. These ultra fast apps help traders never to miss a chance on the stock exchange and stay mobile at all times.

Binary Grid – Binary Grid is a mobile trading app available for Android. It offers 24/7 trading, multiple contracts at the same time, demo accounts and only costs $1 to open a real live trading account.

Tick Trade App – The Binary.com Tick Trade App is a fast trading app where you instantly know and take your profit or loss. You can set the expiry rates of binary options between 5 and 10 ticks.

Assets on Binary.com

On Binary.com you can trade more than 79 different financial instruments including but not limited to:

– Binary Options – option contracts with fixed payouts depending on a yes/no principle.
– Forex – major, minor and exotic currency pairs.
– Crypto – cryptocurrency pairs like Ethereum, Litecoin, Bitcoin and Ripple paired to other cryptos and fiat currencies.
– CFDs – trade underlying assets using financial derivatives.
– Precious Metals – trade precious metals like silver, gold and platinum.
– Lookbacks – option contracts where you ”look back” for an optimal high or low reachable by the market to determine a payout percentage.

Most Important Features on Binary.com

Low fees

Binary.com has patented pricing technology in place that insures you as a trader to never pay more than you should. You receive the exact same quotes as traders on the inter banking market.

– Real-time prices that are being benchmarked to the inter banking option markets.
– Payouts of more than 1000% on touch/no-touch trades and higher/lower contracts.
– No commissions or hidden fees.
– Payouts of more than 100% on simple rise/fall trades.

binary-dot-com-review-custom-options

Design your own options on Binary.com using the option builder feature

It doesn’t matter what trading strategy you follow, Binary.com makes it easy and simple to profit from your market predictions.

– Choose your own payouts up to $50,000 per trade.
– Choose your own expiry rate, from 10 seconds to 365 days.
– Choose your own strike price.

Risk Management at Binary.com

Binary.com shows your risk versus reward ratio in a very clear way on every trade you place. Like this, you exactly know what your potential profit can be if your prediction is correct.

– When you decide your payout, Binary.com calculated how much you must invest to buy or sell the option contract.
– Your investment never increases, you can only lose your original investment per trade.
– Binary.com has the option to sell an option contract before the expiry time to take profit more early or minimalize your loss.

Account Types at Binary.com

Binary.com offers two types of accounts: a real money account and a demo account.

Demo Account

The demo account offered by Binary.com comes with $10,000 virtual balance, just like IQ Option’s demo account. By using a demo account you can get familiar with the trading platform and test several different trading methods before you risk your own hard-earned money.

Real Account

When you have enough confidence to trade with real money on the Binary.com trading platform, you can open a real money account for free. To start trading with real money in binary options on Binary.com you only have to deposit $5 or more. This is together with IQ Option and Expert Option one of the lowest minimum deposit requirements in the binary option trading world. Other binary option brokers ask for a $200 to $500 minimum first deposit to open a real money account.

Education on Binary.com

The ”Getting Started” part of the Binary.com website offers quite some information for beginner binary option traders.

Some of the topics covered are as following:

– How to trade binary options
– How to trade forex pairs
– How to trade cryptocurrencies
– How to trade CFDs
– How to trade precious metals
– How to use the MetaTrader 5 trading platform

Deposit Options at Binary.com

Binary.com offers several different payment methods. Under these payments options the following are the most popular:

– Bank wire transfer
– Credit and debit card payments like Visa and Mastercard
– E-Wallets like FasaPay, Perfect Money, Skrill, Neteller, WebMoney and PaysafeCard
– Cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum and Litecoin
– All deposits are processed directly, with a minimum deposit of $5

binary-com-review-payment-methods

Withdrawing money from Binary.com

The same payment method you used to deposit money on Binary.com can be used to withdraw money. It takes between 1 and 5 working days before the withdrawal request is fully processed, depending on the withdrawal method chosen.

Regulation and Reliability of Binary.com

With more than 1 million clients world wide, Binary.com is licensed by multiple financial regulators to make sure they follow all the rules and can be called a truthworthy broker.

– Malta Financial Services Authority (License No. IS/70156).
– Vanuatu Financial Services Commission
– British Virgin Islands Financial Services
– Labuan Financial Services Authority (License No. MB/18/0024)

To maintain maximum security for both their platform and their clients Binary.com segregates the money from it’s clients and it’s own on seperate bank accounts. Personal data, just like on Choosebroker.com, is protected by Secured Socket Layer (SSL) technology and https web protocols.

Binary.com Customer Service

Binary.com offers 24/7 customer service for it’s traders. The company can be reached by multiple channels like by phone, email and live chat. Clients that want to talk with the people in charge at Binary.com can call the toll free number 0800 011 9847. Support questions can be asked by emailing to [email protected]

Is Binary.com a Scam?

Binary.com is certainly not a scam or con. In fact, it’s one of the most reputable binary option brokers. They are licensed by multiple regulators world wide and conduct business in an ethical way. Clients money is segregated from their own management bank accounts.

Over the last ten years many binary option brokers closed down and stopped doing business. Only Binary.com, IQ Option and Expert Option are a few of the only ethical binary option brokers left.

Binary.com is perfectly suited for both beginner and experienced traders. Their own-designed trading platform makes it easy to trade options on more than 100 different assets. For experienced traders, MetaTrader 5 binary option trading is available.

If you’re looking for a reliable binary options broker, Binary.com is a good choice.

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Low minimum deposit of just $5
  • Available in over 10 languages
  • Offers a demo account

Cons

  • Doesn't accept USA traders

Reviews

There is no review.

User experience

arrow0/5

How pleasent is it to trade with this broker

Platform

arrow0/5

Does the trading platform work smooth and without errors?

Reliability

arrow0/5

Was the broker and trading software reliable?

Customer Service

arrow0/5

Was the broker easy to reach? How was your experience with their customer service?

Payouts

arrow0/5

How did the payouts work out, did you pay any withdrawal fees?

Overall Rating

arrow0/5

Text

Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

Visit Broker
This website is owned by GC Media Holdings Ltd. 306 Victoria House, Victoria, Mahe Island, Seychelles. Advertise / (media) buying enquiries 
Banner