Binary.com Commission or Brokerage Charges – Review, Plans, FAQs & more

Check out everything about Binary.com Commission or Brokerage Charges here. With over more than 1 million users, Binary.com is a regulated and licensed broker globally.

Binary.com holds multiple licenses from different regulatory bodies across the world such as in European countries it is regulated by Malta Financial Services Authority or MFSA.

In other parts of the world, it is regulated by the Vanuatu Financial Services Commission or VSC, Labuan Financial Services Authority, and the British Virgin Islands Financial Services Commission.

Binary.com is a safe and sound broker which serves the purpose of providing reliable trading options.

Above all the commission here is usually nil for most of the services that they provide. In this article, we will discuss more the commission and brokerage that Binary.com applies to its users.

We will also see the Investment assets that Binary.com provides and along with the type of accounts you can go for.

You will also get to know about the account opening processes. Read the full article to completely know about the commission and brokerage options of Binary.com

Binary.com Commission or Brokerage Charges

Binary.com usually doesn’t charge commissions but then they charge some amount of brokerage on CFD instruments to traders for utilizing the trader’s account.

You don’t have to pay the brokerage separately and it will be deducted while you make a trade from your trading account.

There might be some type of changes in the brokerage which takes effect if you go for their premium account types.

The brokerage also gets affected due to your trading patterns and choices.

Binary.com levies brokerage on trading actions like delivery of orders, modification of orders, cancellation of the order, and fulfillment of the order.

The minimum deposit required here is $5 and minimum trading can be done starting from $1 while the payouts can go up to 90%.

Binary.com processes the withdrawals in 24 hours and does not charge any commission for that.

Fill up the Form – Open Forex Trading Account Now!

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Types of Binary.com Commission Plans

Binary.com has three types of Brokerage plans viz Financial, Financial STP, and Synthetic. Let us take a look at the features that these three types of accounts provide.

Financial

The financial account type is the most basic type of account provided by Binary.com and is for entry-level traders.

In this type of account, you don’t have to deposit any set amount to your Binar.com account as they have not set any.

The spread here is variable and there is no commission particularly attached to this type of account. The leverage here is 1:1000.

Financial STP

In the financial STP type of account, there are no initial deposits and the spread is variable as well.

The Leverage is however 1: 100 which is different from the financial basic account provided by Biary.com.

In this account too, there are no commission charges that get deducted usually.

Synthetic

Synthetic account type is the superior account type and has all the features of the other two account types.

This account type has no initial deposit and there are no commissions involved as well.

The Leverage is 1:1000 here but there are variable spread and fixed spread as well for different trading types which gives a plus point to this type.

Binary.com Account Opening Process

The Binary.com account opening process is very simple and an account can be set up in very few steps:

• Go to Binary.com’s official website and thereupon you will see the Signup/Register button.
• Click on the Signup and Register button and it will take you to a new page
• Once on the new page there you will see a registration form where you have to fill with personal details
• On successfully filling up the form with personal details you then have to agree to their terms of services by checking the box provided at the bottom and click on the next.
• Next will be your email verification where you will receive a code on your email which you have provided.
• Once that is complete you will have to proceed for EKYC verification where you have to upload your documents and once they verify your documents with information you have provided, they will set up an account for you, and then you can start depositing and trading.

Binary.com Payment or Withdrawal Methods

Binary.com provides deposit options in the form of Bitcoin Payments, FasaPay, Paysafecard, Perfect Money, QIWI, Skrill, Wire Transfer, and Yandex Money.

For withdrawal, you can go for Bitcoin Payments, FasaPay, Paysafecard, Perfect Money, QIWI, Skrill, Wire Transfer, and Yandex Money.

The minimum deposit and withdrawal through wire transfer are $500 whereas the maximum amount for deposit and withdrawal is $100000.

The currencies accepted are EUR, AUD, USD, and GBP. With PayTrust deposits are instant, while international bank transfers can take as much as 15 minutes.

For Wire transfers, the processing time can go up to 1 Day.

Binary.com accepts MasterCard, Visa, and Maestro credit and Debit cards. Here the minimum amount is $10 and the maximum amount is $10000.

The processing time can vary from 15 minutes to 1 day. E-wallets carry a very short processing time however there is a service charge of 1$ associated with every withdrawal.

Binary.com also accepts cryptocurrency in the form of bitcoin, Ethereum, Tether, and Litecoins.

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Binary.com Investment Assets

Binary.com provides trading options like Currencies Trading, Commodities Trading, Indices Trading, Stocks Trading, Cryptocurrency Trading, and OPTIONS Trading.

Apart from that Binary.com also offers different instruments like CFDs and Forex. The broker accepts Cryptocurrencies with 5 Supported Crypto coins which are BCH, BTC, ETH, LTC, and XRP.

There are more than 45 in Total Tradable Assets that binary.com provides overall. Binary.com provides more than 5 commodities and currency pairs as well.

In commodities, they provide Gold, Platinum, palladium, oil, and silver. In currency pairs, they provide USD/EUR, USD/GBP, CAD/EUR, AUD/JPY, CHF/USD, and many more.

Binary.com Commission – Conclusion

Binary.com has a user base of more than 1 million users and there are currently trades going on at the rate of 20 Trades per second.

With these features, binary .com features a strong broker in the market. Binary.com commission is also great and Binary.com charges are also very nominal.

The broker does take some fees when you deposit and withdraw funds to and from their account.

The minimum deposits with wire transfers are on a bit higher side.

But with the variety of trading options to choose from, Binary.com is indeed one of the reliable brokers in the market.

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Binary.com Charges or Fees – FAQs

Here is the list of FAQs related to the Binary.com Brokerage Charges or Fees:

Does Binary.com charge a commission?

Binary.com doesn’t have a commission fee associated with it but then they charge some amount of brokerage on CFD instruments to traders for utilizing the trader’s account.

You don’t have to pay the brokerage separately and it will be deducted while you make a trade from your trading account.

How much does Binary.com charge brokerage?

There is no brokerage with Biary.com but the payouts can go up to 90%. Binary.com also charges a nominal fee of $25 on every deposit and withdrawal.

What is the Minimum Deposit required on Binary.com?

The minimum deposit required to trade with Binary.com is $5 and the minimum trading through Binary.com is $1 while the payouts can go up to 90%.

Binary.com processes the withdrawals in 24 hours and does not charge any commission for that.

How much leverage does Binary.com provide?

The leverage with Binary.com is 1:1000 for financial account type and Synthetic amount type.

However, for the Financial STP account type, the leverage is 1:100.

How much is spread at Binary.com?

There is a variable spread at Binary.com for the Financial account type and for the Financial FTP account type whereas the Synthetic account type has variable as well as the fixed type of leverage associated with it.

What type of Commission Plans are available on Binary.com?

There are no commission plans associated withBinary.com however, they have three types of plans with feature differences.

The three different types of account types are Financial account type, Financial STP account type, and Synthetic account type.

The major differences in these account types lie in the Spread and Leverage offered via these account types by Binary.com

Does Binary.com provide Cryptocurrency for Investment?

Yes, Binary.com provides cryptocurrency for investment.

The broker provides Cryptocurrencies with 5 Supported Crypto coins which are BCH, BTC, ETH, LTC, and XRP.

Binary.com also accepts cryptocurrency in the form of bitcoin, Ethereum, Tether, and Litecoins for withdrawal and deposit purposes.

Is Binary.com a legit Forex Broker?

Binary.com is a legit broker which serves the purpose of providing reliable trading options.

Binary.com is a regulated and licensed broker globally which holds multiple licenses from different regulatory bodies across the world such as Malta Financial Services Authority or MFSA, Vanuatu Financial Services commission or VSC, Labuan Financial Services Authority, and British Virgin Islands Financial Services Commission.

Can I invest in Binary.com for $5?

Yes, you can invest in Binary.com starting from $5 but there is a minimum deposit amount associated with the type of deposit option you choose.

For Credit and Debit cards it is $5 while for wire transfers it is $500 and the maximum is $100000.

Are there any hidden charges available with Binary.com?

There are no hidden charges associated with Binary.com but there are charges associated with the withdrawal of funds from your Binary.com trading account to your personal bank account.

They usually charge a fee of $25 while you go for Wire transfers.

Fill up the Form – Open Forex Trading Account Now!

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