BinaryCent Review – Online Platforms, How to Subscribe, Usage, Accounts & more
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.
The 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 / CEO||Wave Makers LTD|
|Regulations||Vanuatu 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.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|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 trades||Yes|
BinaryCent Leverage or Exposure
The maximum leverage available on this platform is 1:100 for CFDs trading.
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 Options||VISA and Mastercard, Bitcoin, Ethereum, Dash, Litecoin and other altcoin,eWallets, Skrill, WebMoney, Neteller|
|Withdrawal Options||VISA 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.
|Supported Cryptocoins||ZEC, XRP, XMR, SAN, OMG, LTC, BTC, IOT, ETH, ETC, EOS, DSH|
|Total Tradable Assets||150+|
|Number Of Currency Pairs||10+|
|Number Of Cryptocurrencies||12|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||10+|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
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 Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||Yes|
|Trading Bonuses & Rewards||Yes|
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.
|Regulations||Vanuatu Financial Services Commission|
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
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.
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
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.
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.
- Click on the “Register” tab and sign in.
- Complete your profile using some document on the registration page
- Compete with the further registration process
- 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 Type||Superior Forex Desk|
|Suitable for beginners||Yes|
|Suitable for professionals||N/A|
|Suitable for scalping||N/A|
|Suitable for daily trading||N/A|
|Suitable for Weekly trading||N/A|
|Suitable for swing trading||N/A|
Binarycent – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||No|
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.
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||English,Russian,Chinese,Thai,Singapore,Australia|
Binarycent Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||67|
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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