Binarycent Commission or Brokerage Charges – Review, Plans, FAQs & more

Here are all the details on Binarycent Commission or Brokerage Charges.

In the world of trading, a true earning that brokers make is from the brokerage they levy from the traders.

If you are a trader and don’t know the brokerage, charges, and commission of the broker then you may end up spending more than getting in return.

Binarycent is one of the largest brokerage firms on the planet.

They have been very clear with the commission or brokerage and thus we are here to shed light on Binarycent commission or brokerage charges.

In this article, you will get to know about the brokerage and commissions that Binary Cent charges.

You will get to know about the leverages and different types of accounts Binary Cent provides.

The article also sheds light on the account opening processes and different types of investment assets.

Binarycent Commission or Brokerage Charges

All the Brokers have some different elements added to the charges levied as a result of trading done by the traders.

There is a minimum balance that you have to maintain with every broker and then there are brokers who do not charge a penny to open and maintain an account, however, they might charge you with high leverage and high commission and vice versa.

Binarycent levies a spread when you do CFD trading and this spread is variable most of the time as it depends on the situation of the market.

You can start with zero commission but then they will charge you a 20% fee when you go ahead and withdraw funds from your account to your bank.

In the case of Leverage, Binarycent provides a maximum leverage of 1:100.

Binarycent also provides attractive bonuses to Traders which range between 20% and 100% for the different types of account a trader opt for.

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Types of Binarycent Commission Plans

Three different types of accounts will account for the different types of facilities provided by Binarycent concerning minimum balance threshold, commission charges, and other facilities.

Binarycent has 3 types of account viz bronze account, Silver account and Gold account let us take a look at these three types of account:-

Bronze account

The minimum balance threshold for the Bronze account is $250 and therefore you will have to maintain a minimum balance of $250 to start a trade.

In this account Binarycent also facilitates its users with a 20% bonus when you deposit the first amount.

Thus if you include funds of $250 which is the threshold for minimum balance then you will get $300 upfront where the 20% bonus is now included.

Bronze account in binary cent features 1-hour easy withdrawal and you can also get the benefit of 24×7 live Support. The demo account is also included with this plan.

The bronze account has a variable spread and gives you a leverage of 1:100. This account type includes commission charges.

Silver Account

You need a minimum of $1,000 to gain access to the silver account.

Here also you will get a welcome bonus but this time it will be 50% and thus your starting trade amount will be $1,500.

The bonuses can also be withdrawn but before that, you must have to trade with it for a minimum number of times before you can finally withdraw it from your Binarycent account to your Bank account.

You also get 3 Risk-free trades where you will not incur losses.

The silver account has 24×7 live chat support.

They also provide a personal account manager and master web class session with the Silver account type.

The Silver account also has a variable spread and gives you a leverage of 1:100. This account type includes commission charges.

Gold Account type

The Gold account powered by Binarycent only gets activated when you deposit a minimum of $3,000 into your binary Cent trading account.

Gold account has lots of benefits and one of them being the features of the other two account types getting included in Gold Type.

The bonus, however, here is 100% such that if you deposit $3000 into your trading account you will get $6,000 upfront and this can also be withdrawn only after you have managed to trade with the amount for a minimum number of times.

The Gold account has a variable spread as well and gives you a leverage of 1:100 too and this account type includes commission charges.

Binarycent Account Opening Process

The Binarycent Account registration process is pretty easy as it includes a few steps. Let us take a look at the steps involved:

• Go to the official website of Binary Cent and click on the Sign-Up button.
• On the next page, you will be presented with the application for where you will have to fill with your details.
• Fill in the details according to the Government ID proof you have and which you will produce for KYC verification.
• Once you have filled the form with all the vital information, click on Agree with terms and conditions and click on Next to proceed to the next step.
• The next step will be your contact details verification and thereafter they will ask for KYC verification which will be done once you produce them with the necessary documents. The KYC verification does not take much time.
• Next, you have to deposit with the desired amount which should be greater than the minimum account, and then you can start trading.

Binarycent Payment or Withdrawal Methods

Binarycent has approved various payment methods for deposits and withdrawals.

To deposit into a Binarycent account you can use Visa Debit Cards, Visa Credit cards, MasterCard Debit Card, Mastercard Credit card, Wire transfers, e-wallets like WebMoney, Skrill, Neteller, and also with the cryptocurrencies like Ethereum, Bitcoin, Dash, Altcoins, and Litecoins.

Withdrawals cannot be done if you want it without following the criteria imposed by Binary Cent.

They levy an upfront fee of 20% for withdrawal and also you cannot withdraw the deposit amount mixed with bonuses before you have invested amounts from that fund a set number of times.

The minimum withdrawal amount you can withdraw from the Binary Cent account is $50. You can withdraw with the help of Wire transfers, Visa Debit Cards, Visa Credit cards, MasterCard Debit Card, Mastercard Credit card, e-wallets like WebMoney, Skrill, Neteller, and also with the cryptocurrencies like Ethereum, Bitcoin, Dash, Altcoins, and Litecoins.

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Binarycent Investment Assets

Binary Cent offers variable Investment or Trading assets.

The trading assets or Investment assets that Binary Cent provides are Forex, CFD’s, Market Indices, Stocks, commodities, and cryptocurrencies.

Binarycent offers maximum leverage of 1:100 for CFDs and Forex.

The number and variety of investments assets in Binarycent is growing day by day. They have recently introduced cryptocurrencies as well.

They have planned to cover most of the assets and thus a trader does not have to look for a different broker for different options and can find most of the trading assets under one roof via Binarycent

Binarycent Commission – Conclusion

Binarycent has a leverage of up to 1:00 for different trading options and it also charges commission upfront from users.

However, it provides welcoming bonuses, unlike any other broker.

The three accounts viz Bronze, Silver, and Gold have variable features and are distinguished as per the budget of the broker.

Although you will get the maximum benefit only with the gold account then you have to deposit at least $3000 to start trading but will get a 100% welcome bonus with this plan.

The other features can be the Demo account, a master web class session, and a personal account manager.

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Binarycent Charges or Fees – FAQs

Here is the list of FAQs related to the Binarycent Brokerage Charges or Fees:

Do Binarycent charge commission?

Yes, Binarycent charges commission.

However, they don’t do it during the trade and levies a commission on the withdrawal.

The fee for every withdrawal is 20% and the withdrawal is processed within one hour from the time of application.

How much does Binarycent charge brokerage?

There is no Brokerage or commission levied by Binarycent on trading.

You have to pay 20% as a withdrawal fee for all withdrawal requests.

Also, you will have to deposit a minimum of $250 to start trading.

What is the Minimum Deposit required in Binarycent?

The minimum deposit required by Binarycent is $250 which enables you with the Bronze account. Also, you will be rewarded with a 20% Bonus.

For a Silver account, the same is $1000 and 50% while for a Gold account the same is $3000 and 100%.

How much leverage does Binary cent provide?

Binary Cent provides a maximum leverage of up to 1:100.

This leverage is associated with Binary Cent regardless of whatever account type you go for.

How much is spread at Binarycent?

There is no fixed spread at Binarycent however; the minimum spread is 1.0 pip.

Irrespective of the type of account you choose from bronze, silver, and gold, the spread remains variable.

What type of Commission Plans are available in Binarycent?

There are three types of commission plans.

The minimum deposit required by Binarycent for the Bronze account is $250 and you will be rewarded with a 20% Bonus.

For a Silver account, the same is $1000 and 50% while for a Gold account the same is $3000 and 100%.

Does Binarycent provide Cryptocurrency for Investment?

Yes, Binarycent has started offering cryptocurrencies for investment and they have allowed the same for withdrawal and deposit processes as well.

They work with cryptocurrencies like Ethereum, Bitcoin, Dash, Altcoins, and Litecoins.

Is Binarycent a legit Forex Broker?

Yes, Binarycent is a legit broker as it is trusted by a huge number of advanced traders. Binary Cent is regulated by the top regulating firms that regulate market rules.

Can I invest in Binarycent with $5?

You can invest with as low as $0.10 however for the first trade you need a minimum amount of $250 in your account and this minimum balance will go up while you go for more features with Silver and Gold accounts.

Are there any hidden charges available with Binarycent?

As of now, there are no hidden charges that are levied by Binarycent on its users.

They charge some interest through your margin account which is mentioned by them on their official website and also they will charge a 20% fee on all your withdrawals.

Apart from these, there are no charges as such.

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