Here is a brief insight into BinaryCent Review. Binarycent is a relatively new entrant in the market as it was just found and incorporated in 2016.

It is licensed and registered in Vanuatu. Besides binary options, the trading platform also offers both CFD and Forex trading.

A group of serious investors having great experience in trading themselves decided to form this custom trading platform.

The trading platform is available for both desktop and mobile users as they have an app available on iOS and Android.

Additionally, it provides an investor with an opportunity to trade without having to download any particular software.

The expiry times are also different. Additionally, there are a plethora of account types available for foreign investors.

About Binarycent and Accepted Countries

Ideally, Binarycent is a recently formed trading platform, and it is said to be managed by a company known as Cent Project Ltd.

Binarycent Forex BrokerThe management company is a subsidiary of the Finance Group Corp that is based in Vanuatu.

The head office of the trading platform is located at Transpacific Haus, Lini Highway, Vanuatu. BinaryMate is another leading trading platform which the Finance Group Corp is currently holding.

Traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and almost all other countries can trade on this platform.

Founder / CEOWave Makers LTD
Established Year2017
Publicly TradedNo
Total Employees37
RegulationsVanuatu Financial Services Commission

Traders from the United States, Canada, Israel, Cyprus cannot trade here.

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    Binarycent Trading platform

    Exclusively for Finance Group Corp, the BinaryCent trading platform is incorporated. Additionally, it is also a proprietary trading platform.

    It is the only reason why the platform’s features are somewhat similar to other trading platforms in the market.

    Trading PlatformBinaryCent
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported Languages    English     German     Spanish     Chinese     Arabic

    It is a web-based platform, so it is most likely to be accessed by any of the updated browsers, so traders don’t need to install any specific software to run it.

    Even though it is a web-based platform, the platform works perfectly, and it also features a plethora of trading tools, including trading charts and technical indicators.

    Being a user-friendly platform, the trading platform’s users are quite happy to use it.

    Binarycent Mobile App

    The best part about mobile trading is that users can access the market even when they are traveling.

    BinaryCent Mobile platform offers an easy-to-use mobile version, which can be accessed through a smartphone or tablet.

    Thus, the users just need to download the app from Google Play Store or Apple’s App Store.

    Additionally, just like the website, the mobile app of the trading platform is also quite intuitive. It has integrated all the functions of the website, and it is not difficult to handle.

    You can see all the transactions and trading history on the app. But before using the app, you need to confirm your mobile number.

    Though many people take it as a disadvantage, it is only for the users as it helps in keeping both the funds and information secure.

    Check out Mobile Apps of more Forex Brokers

    BinaryCent Commission or Brokerage or Fees

    The brokers charge a fee on the difference between the buying and selling price of the various assets. Hence, following the maker business model.

    Commission on tradesYes
    Fixed spreadsNo

    BinaryCent Leverage or Exposure

    The maximum leverage available on this platform is 1:100 for CFDs trading.

    Maximum Leverage1:100

    Payment Methods provided by BinaryCent

    BinaryCent payment options also vary. Such that you can fund a live trading account without any issue. So, take a look at what BinaryCent is offering:

    Deposit OptionsVISA and Mastercard, Bitcoin, Ethereum, Dash, Litecoin and other altcoin,eWallets, Skrill, WebMoney, Neteller
    Withdrawal OptionsVISA and Mastercard, Bitcoin, Ethereum, Dash, Litecoin and other altcoin,eWallets, Skrill, WebMoney, Neteller

    Investment in Asset Classes or Markets by BinaryCent

    Binarycent trading platform features five asset classes, including Stocks, Forex, Commodities, Indices, and Cryptocurrencies.

    Two types of trades are offered to traders, including Binary Options and CFD/Forex.

    Additionally, traders are also given an opportunity to trade in 150 trading instruments. You need to pay attention to what you trade in.

    The asset type decides your payout. Binarycent is mainly focused on offering assets, including Cryptocurrencies, mostly because they are new.

    Additionally, the trading list is most likely to be enhanced soon.

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingYes
    Bonds TradingYes
    FUTURES TradingNo
    OPTIONS TradingYes
    Supported CryptocoinsZEC, XRP, XMR, SAN, OMG, LTC, BTC, IOT, ETH, ETC, EOS, DSH
    Total Tradable Assets150+
    Number Of Currency Pairs10+
    Number Of Cryptocurrencies12
    Number Of StocksNA
    Number Of IndicesNA
    Number Of Commodities10+
    Number Of FuturesNA
    Number Of OptionsNA
    Number Of BondsNA
    Number Of ETFsNA

    Find out Payment Methods provided by other Forex Brokers

    Binarycent Virtual Trading Account or Demo Account

    Fortunately, traders who’re just a beginner get assistance from a free demo account. Check the below table for more details:

    Virtual Money$ 5000

    Binarycent offers or deals

    Binarycent trading platform’s bonuses are ranged somewhere from 20% to 100% based on the type of trading account that the trader has chosen.

    Above all, traders should be aware of one thing that there are some terms and conditions attached to all bonuses.

    Traders can avail of the bonus only if the minimum turnover is achieved as it’s a crucial requirement.

    Besides bonuses, the platform offers other incentives, including “Risk-Free Trades” and trading contests.

    The regular price for the trading contest is $20,000. Twenty winners are selected every week from the contestants.

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansYes
    Referral OffersYes
    Forex Trading ContestYes
    Trading Bonuses & RewardsYes

    Binarycent Regulation or Licensing

    When it comes to regulation, the Binarycent trading platform is said to be regulated by the Vanuatu Financial Services Commission.

    It is mainly because the group operates under the holding company, the Finance Group Corp.

    BinaryMate is the sister concern company of Binarycent, and it is focused primarily on the mainstream market.

    On the other hand, BinaryCent is geared towards beginner traders also as it offers low investment options even for just 10 cents.

    RegulationsVanuatu Financial Services Commission

    Find out Regulations & Licensing of more Forex Brokers

    BinaryCent Features

    Trading contests – All the accounts of the platform are said to be eligible for contest trading. Every week twenty exciting prizes are given away.

    The bases of the concept are formed on trading volume, and win rate. Some of the rewards of the trading constants include PhonePhone, bonus added to the account, and $1.000 in cash.

    Copy-Trading – Beginners mainly appreciate copy trading feature as they can easily understand how the market moves.

    It is also known as copying seasoned traders to imitate their success. Users can follow as many traders as they want to, provided, their budget allows them to do so.

    It also allows the newcomer’s trading size to increase and their chance of winning too. Additionally, you should always check the expiry time when you are looking for trades available.

    Educational ServicesNo
    Social Trading / Copy TradingNo
    Trading SignalsNo
    Email AlertsYes
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    OCO OrdersNo
    Trailing SP/TPYes
    Automated TradingNo
    API TradingNo
    VPS ServicesNo
    Trading From ChartYes
    Interest On MarginNo
    Offers HedgingNo
    Offers PromotionsYes
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo

    BinaryCent Account types

    BinaryCent trading platform is somewhat similar to other trading accounts as it offers a variety of trading accounts to match the trading levels of different traders.

    It is a perfect option for both beginners and experienced traders.

    Additionally, all account types are somewhat unique that helps in maximizing the user experience while enhancing their success chance.

    Account TypeBronzeSilverGold
    Initial Deposit$250$1000$3000

    Bronze account – The minimum deposit to trade under this account is $250, and traders can expect a bonus of at least 20% on this account.

    It is the best option for the beginner as the total is somewhat $250, which sounds great for beginners.

    The traders have access to live video chats, free demo accounts, and one-hour withdrawals under this account.

    Silver Account – The minimum deposit to trade under this account is $1000, and traders can expect a bonus of at least 50% on this account.

    Before making the first withdrawal under this account, users need to trade for some time.

    The traders have access to live video chats, master class online sessions, an account manager, and three risk-free trades.

    Gold Account – The minimum deposit to trade under this account is $3000, and traders can expect a bonus of at least 100% on this account.

    Before making the first withdrawal under this account, users need to meet the minimum trading requirement.

    Binarycent Account Opening Process

    The overall account opening process is quite simple. Within a few steps, you can create a trading account and start investing in your most liked instrument.

    1. Click on the “Register” tab and sign in.
    2. Complete your profile using some document on the registration page
    3. Compete with the further registration process
    4. Provide the required details, including the source of funds

    Now, you’re all set to trade on BinaryCent!

    Binarycent Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeSuperior Forex Desk
    Min Deposit$250
    Maximum Leverage1:100
    Mini AccountN/A
    Premium AccountN/A
    Islamic AccountNo
    Segregated AccountN/A
    Managed AccountN/A
    Institutional AccountN/A
    Suitable for beginnersYes
    Suitable for professionalsN/A
    Suitable for scalpingN/A
    Suitable for daily tradingN/A
    Suitable for Weekly tradingN/A
    Suitable for swing tradingN/A

    Binarycent – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsNo
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Delkos ResearchNo
    Top PicksYes
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsNo
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryNo
    Relationship ManagerYes

    Binarycent Customer support

    Through live chat, PhonePhone, and email, BinaryCent provides customer support. If you need some extra help, you can opt for a video chat.

    The traders are given support in the primary language like Chinese, English, and Russian.

    Dedicated DealerNo
    Support During WeekendsYes
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesEnglish,Russian,Chinese,Thai,Singapore,Australia

    Binarycent Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.0 / 10
    Products & Services7.6 / 10
    Brokerage Charges & Fees7.1 / 10
    Research & Advisory7.2 / 10
    Trading Platforms7.1 / 10
    Overall Ratings7.2/ 10
    Star Ratings★★★☆☆
    Total Client Reviews67

    Binarycent Conclusion or Verdict

    Even though BinaryCent is an entirely new entrant in the market but it offers a broad trading range.

    It provides everything that a trader can ask from a mobile platform, different deposit methods, demo account access, to attractive bonuses.

    The best part is that the trading platform is both secure and friendly.

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