Binary.com is a CFD trading platform providing binary options under the control of Regents Market Group.
There are various options for financial markets which consist of cryptocurrency and fired markets as well.
About Binary.com & Accepted Countries
It was earlier under the name BetonMarkets.com before developing into Binary.com as a part of an expansion plan to take over the financial market.
Binary.com offers several benefits in trading options to their clients.
They have been a common choice of financial reviewers over the years due to the excellent service provided by them.
Binary.com offers services in Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
The services are however not available to traders in United States, Malaysia, Hong Kong, and Iran.
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Binary.com Trading Platforms
Binary.com offers trading platforms that serve the needs of both beginners and advanced traders. We can find customization options for ease and have options accordingly.
Beginners could make use of the Deriv platform or Smart Trader. These are for the use of traders who are just initiating their trading functions.
The interface is quite easy to use with various options available for choosing between High/ Low, Rise /Fall, and Touch/ No Touch.
For the advanced traders, two kinds of platforms are available, MetaTrader 5 and Binary WebTrader. MetaTrader offers global standard services.
It makes it easier to access FX, CDs, and Binary Options within a single platform.
Binary Webtrader provides advanced binary options that allow traders to check the movements of their assets and markets together.
Traders can make use of the full-screen interface which allows better organization of all about market improvements as per their needs.
There is also an auto trading tool by Binary.com. It would help to automated trading strategies with the help of a drag and drop bot creation tool.
Binary.com Mobile app
Binary.com mobile app is available for iOS and Android platforms. This allows traders to carry out trading on the go without being stuck with the desktop platform.
The app is available free of cost on the Apple Appstore and Google Playstore. The app allows the traders to check their trading account status along with their execution of a trade
Binary.com Commission or Brokerage
Binary.com charges some amount of Commission on CFD instruments. This commission fee is in return for helping in buying and selling of financial assets through the traders’ account.
A brokerage might be present mostly from the commission fee in client transactions from the traders for carrying out their trading services.
The changes or differences in commission fees might come up based on the trading type, financial asset type, and kind of trading carried out.
Broker commission works in terms of actions like the fulfillment of a brokerage order, cancelling, or modification of orders on the behalf of the traders.
If the market order is not fulfilled, no commission charges would be asked. At these times we should know that modifying or even cancelling the order may incur brokerage or commission.
Binary.com Exposure or Leverage
We can leverage the CFDs in Binary.com. There are risks in any kind of trading activity. The leverage offered could lead to a loss in trading if not considered carefully.
Payment methods provided by Binary.com
The choice of payment methods in Binary.com is a huge variety. There are several means to deposit it, withdraw money like wire transfer, credit cards, and crypto currency.
Wire transfer is one method provided for payment. The minimum amount for depositing and withdrawal amount for carrying out bank transfers is $ 500 while the maximum amount is $100,000 for both.
The payment accepted currencies in USD, GBP, EUR, and AUD. It would take one working day for processing a standard bank transfer.
In the case of Internet bank transfer, deposits would take just close to 15 minutes. Transactions would be instant in the case of PayTrust.
Credit cards are another mode of payment. Credit and Debit cards of Maestro, Visa, and Mastercard are acceptable.
The minimum amount for withdrawal and deposit is $10, while the maximum would be $10,000.
The currencies accepted are USD, GBP, EUR, and AUD. Deposits would be processed in an instant note while withdrawals could take up to 1 working day.
The withdrawals for MasterCard and Maestro are available only for users from the UK. Payments to Binary.com are also acceptable through e-wallets.
The maximum limit for withdrawals and deposits in the case of e-wallets would be $ 5 while the maximum could vary according to the e-wallets used.
Deposits using e-wallets are instantaneous while withdrawal would take as close to 5 minutes.
Cryptocurrency is also a payment method in Binary.com. Various types of cryptocurrencies like ETH, LTC, UST, and BTC can be used.
Investment in Asset Classes or Markets by Binary.com
Binary.com provides traders options to trade in CFD as well as other binary options like up/down, touch/no-touch, End in /out, and Stay in/out.
Various types of assets and classes are available. Binary.com provides a variety of 114 different types of assets.
There are 30 currency pairs, 4 currency indexes, 28 market indices, 40 types of stocks, 5 types of commodities and 7 types of market volatility indices.
Commodities like gold, palladium, platinum, silver, and oil are used as assets in binary, including all the major currencies like EUR/USD, GBP/USD, EUR/CAD, AUD/JPY, USD/CHF, and many more.
Hong Kong index, Euro 50 index, UK index, US Index, Wall Street, and more indices are used.
Synthetic indices like volatility 10 index, volatility 75 index, Bear Market Index, Bull market Index, and more.
Binary.com Virtual Trading or Demo Account
Binary.com provides traders to use a virtual or demo account. It contains preloaded virtual cash amounting to $10,000 which can be used for trade practicing.
Beginner traders can make use of the demo account to check the trading platform and strategies used. This can be done without having any fear due to the risk of losing real money.
The demo account is not just beneficial for beginners. It can be used for advanced traders in order to check out back up trading strategies and theories.
Binary.com Regulation and Licensing
Binary.com has a good reputation over several years of experience among traders. It has been reviewed by many traders and has received good appreciation.
They are legitimate brokers in the field and have gained good trust from the traders.
Binary.com is regulated by the Malta Financial Services Authority as a category 3 Investment Services. They have been registered under the license number IS/70156.
Bunary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission in the Isle of Man and UK respectively.
It has been issued under the Remote Bookmarker’s license by the Revenue Commission in Ireland.
Binary.com offers several features to its traders. They provide charting, educational materials, market data, support, random, and robot.
Binary.com offers charting to its traders. There is various charting option for technical analysis. A number of tools can be downloaded and others could be operated within the website.
Bunary.com also provides several ranges of educational materials in the form of eBooks, videos, and online seminars to their clients. This can help them to do well in the trade.
There are several random exercises for those who are checking into Binary.com simply for entertainment. A number of the random are also exclusively available at Binary.com.
The traders would be able to access their market data through chart packages and live feeds.
Various options help binary.com to provide live market data to their clients. They also are supported using a number of languages from around the world.
The robot feature is also a much favored feature by most traders. The robot could be built by traders for auto trading.
Along with sharp traders, binary.com also provides advanced platforms out of which the Binary bot or the robot feature is one of the latest.
Users can make use of the trading robot to put together an automated trading system. This is more advanced than the features provided by similar platforms.
This allows users to make use of quality trading with various trading triggers. The robot can be used by traders for carrying out auto trading with confidence.
Binary.com Account Types
Binary.com has only two types of accounts, Virtual Account, and Real Account.
Virtual Account: When a person visits the binary.com website or mobile app, they should also open an account.
The account that they open is a virtual account. After this step, the user receives a verification code on email and after the verification process is complete, they have an account.
The owner of the account can also practice using the $10,000 that they get before risking their own money.
Trading Account: Once a person has practiced using a virtual account, they can then open their real account using only $5.
Opening a real account is easy and once the account has gone live, people can trade.
Binary.com has many benefits. Some of them are:
Sharp prices: Binary.com does not charge any hidden fees and commissions. It also has a patent technology for pricing and gives the same rates of return as the traders in the interbank market.
Flexible Trades: Binary.com gives a variety of trade types and people can even choose their expiry date. People even have an option to select their pay-out that ranges from $1 to $5000.
Controlled Risk: People who wish to sell their option before expiry can do that. Selling an option before expiry can help them keep the profit that they might have earned or even help them to minimize their loss.
Safety and Security: Binary.com works under the licenses agencies that include the Malta Financial Services Authority.
The total funds deposited are also in different bank accounts. They do so to keep the money safe and secure.
Binary.com Cons or Drawbacks
While many people have given all positive reviews about binary.com, some people have condemned this website.
Some of them have said that binary.com is a scam. Besides, it does not let people withdraw their money.
Sometimes this website shows that an individual has earned almost 300% profits but allows withdrawal of only 30% using a card.
Some of them condemned the website saying that they suffered huge losses after investing in binary.com.
However, most of the negative reviews were regarding the denial of withdrawal in their bank cards.
Binary.com Trading Hours
People can trade on binary.com 24×7. There is no specific timing for that. The best time to trade is around 3:30 PM on Wednesdays.
However, people can invest in any amount at any time. Binary.com does not restrict those activities.
Binary.com Customer Care or Contact Details
After one has logged in to the website, they can immediately see the contact options. People can either chat with customer care support using the live chat box option that pops up every time.
Using this option, they will discover a list of all the numbers that they need to call on according to the country that they live in.
Email for contacting the customer care is email@example.com and the number on which people can call to get an answer to their queries is +44 016 668 000 42.
Binary.com Safety and Security
After 6 years of its functioning, Binary.com established its head office in the United States.
No regulatory body supervises binary.com. This means that there are no regulations and take decisions on their own.
When a trader invests money in binary.com, it also gets present in segregated bank accounts. Besides, this keeps the money safe and secure.
All the more, they use tier-1 banks for increased safety and security. Tier-1 banks are the safest place when it comes to depositing money invested.
Besides, the personal information of the traders comes using SSL encryptions on both the website and mobile app. To conclude, binary.com is a very safe and secure trading platform.
Binary.com Forex Broker – Conclusion or Verdict
Binary.com appears to be unique when it comes to its trading offers or the kind of platform that it offers. They also have an added advantage, that is, it charges as less as $5 at the time of opening a real account.
However, there are many features that people might not find in the mobile app of binary.com. Besides, the website does not go on advertising its offers here and there.
The information provided by them is also quite basic. The only focus of this app is to provide easy ways of trading so that more and more people are present with it.
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