Binarycent Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Last Updated Date: Nov 16, 2022Check out various details of Binarycent Trading Platform here.
Binarycent is one of the most popular brokers out there and traders have big faith in this broker when it comes to online trading.
Binarycent uses MetaTrader 5 as the trading platform which helps in facilitating trading in spot metals, Forex stocks, and lots of other options.
The platform also provides key indicators and analysis tools which are quintessential for a trader during trading. In this article, we will know more about the Binarycent trading terminal.
You will get to know in detail the features it has and how to use the platform.
Setting up the platform and the benefits of using the trading platform will also be discussed in this article.
Let’s check out how Binarycent online trading platform is a game-changer when it comes to trading.
About Binarycent Trading Platform
Meta Trader 5 which is the trading platform for Binarycent was released back in 2010 by MetaQuotes.
MetaTrader 5 was released after the grand success of MetaTrader 4 which is still in existence.
It is built for the advanced trader with out-of-the-box trading options and facilities.
MetaTrader 5 platform lets you connect to various markets which include Forex currency pairs including USD/XAU, Spot Metals, Commodities, Stock Indices including NASDAQ, Dow Jones, S&P 500, DAX 30, and CFDs.
MT5 can be used through a web browser and also through your mobile Smartphone.
It also offers 39 technical indicators which are EMAs or Exponential moving averages, MACD-2 lines, Volume profile, B-clock, Pivot points, Zig-zag, and Renko.
MT5 platform also provides custom indicators and more than 100 price charts available in 21-time frames.
The 21-time frames range from a minute to a month which makes the platform useful for analyzing trends in the stock market.
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Binarycent Trading Terminal – Top Features
Binarycent trading platform comes with the highest level of security when it comes to data protection.
They have a high level of end-to-end encryption during data sharing and transactions. This one thing made the platform reliable and trustworthy among the traders.
Apart from this Binarycent online trading platform has numerous other features.
Here you will find the key feature responsible for the popularity of the Binarycent online trading platform.
General Features
MetaTrader 5 has a similar layout to that of MetaTrader 4 however; it comes packed with advanced features for smoother trading.
MetaTrader 5 has 38 key indicators, 21-time frames with 7 different types of hourly charts, 11 varieties of the minute chart, and another weekly, monthly, and yearly time frame.
These different types of time frames help in an in-depth analysis of the trend in the market.
MetaTrader 5 allows 6 different types of pending orders and has room for hedging and netting. It provides an economic calendar as well.
Transactions and Orders Placement
Transaction in MetaTrader 5 takes place in a much-secured environment with the highest level of encryption.
As a result, even a single bit of data is untraceable under any circumstances.
MetaTrader 5 which is the trading platform for Binarycent has lots of order types which include selling stop limits and Buy stop limits.
The main intention to add order placement is to make the trading strategies more effective. The order placement facility is available for all the clients.
Charts
There are multiple key indicators available which are 38 in numbers to be precise along with 21-time frames.
Binarycent trading platform has an extensive library of key indicators which are free to the users.
These key indicators work as a crucial part when it comes to analyzing market trends in trading.
Apart from these key indicators, The MetaTrader 5 trading platform has multiple trading instruments which are quintessential in trading.
When it comes to charts Meta trader platform provides 9-time frames, 29 indicators, and 18 analytical objects for technical analysis.
How to Set up Binarycent Web Trading Platform?
The Binarycent trading platform is available for major Operating Systems on Desktop mode and not only this it also supports mobile versions for the same.
To set up an account with MetaTrader 5 platform follow the steps given below
- The first thing to set up an account starts with signing up with Binarycent. Signing up with Binarycent is easy as you can visit their official website and signup from there. You need to verify KYC to proceed.
- Once the verification is done you need to select the Trading Platform. For Binarycent it is MetaTrader 5.
- Next, you will be sponsored with an option by Binarycent to download the platform on your device.
- While installing the application, you will get the detailed procedures to continue installing on your device on your terms. Choose the options carefully and wisely as a wrong selection may end up landing you with different settings in the application.
- Once the application gets installed on your device, open the application and you will be asked to log in with your credentials. These are the same login credentials which you have typed during the registration with Binarycent.
- You will be then asked for authentication which is also known as 2-Factor authentication. Once the authentication is complete, you can start trading.
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How to Own Binarycent Online Trading Platform?
The Binary Cent trading platform has a very simple user interface and you can access all the options from the main menu itself.
You can find all other options in the toolbar. You can find the quotes in Market Watch and from the Navigator option, you can perform technical analysis and manage other algorithmic trading tools.
Also, you can open a Demo account as well where you don’t have to install real money as funds.
The demo account is basically for training purposes and you can perform all the operations with the virtual money that they provide except the fact that that money cannot be withdrawn or used as real money.
You will be shown with an option to open a demo account where you have to provide credentials and then you will be connected to a server after which you will be able to trade in the platform.
To make your first trade you need to go to the Market Watch window and open the context menu.
Once you are there you need to click on New Order and proceed with the options that follow.
Advantages of Binarycent MetaTrader 5
Binarycent has Meta Trader 5 as its trading platform which is very popular among traders.
The reason for its popularity can be summed from the fact that it provides an array of features and benefits which other platforms rarely provide.
Let us take a look at its benefits
- MetaTrader 5 platform comes with the highest level of encryption, meaning you trade or do transactions without letting someone else take a peek at your valuable information.
- MetaTrader 5 platform has automatic trading options which are run by Bots. Here you can select your preference and bots will trade for you when it is the right time to trade. The platform also allows trading with the help of expert advisors.
- The platform allows order placement and helps you with incorporating strategies. Not only this, but they also provide more than 50 instruments that help you analyze the market trends.
- The MetaTrader 5 platform has an inbuilt bridge technology that helps in interbank access and liquidity.
- The trading platform provides support for web as well as mobile operating systems which means you can download the application on your Smartphone as well.
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Binarycent Trading Platform – Conclusion
Binarycent uses MetaTrader 5 as its platform to provide its customers with trading facilities.
With MetaTrader 5 you can get tons of features that will eventually help you in robust trading.
The platform provides 39 key indicators which are unlike any other trading platform. Overall you will get more than 50 instruments which will help you in getting a better picture of the market trends.
The platform offers a demo account as well which will help you to acclimate with the trading platform in a short time.
Binarycent Trading Platform – FAQs
Here is the list of FAQs related to the Binarycent trading platform:
What is the Binarycent Trading Platform called?
Binary Cent trading platform is also known as the MetaTrader 5 platform.
Meta trader 5 application is the successor of the Meta trader 4 application which is also a very popular platform among the traders.
Does the Binarycent trading platform provide Web Trading?
Yes, the Binarycent Trading platform provides Web Trading as Binarycent uses MetaTrader 5 as a trading platform, and thus the trading process here is completely web-based.
Is Binarycent Web Trading Platform Free to use?
Yes, the Binary Cent trading platform is completely free to use.
There may be processing charges or brokerage charges while you trade but apart from that, the platform is completely free.
How to download Binarycent Trading Terminal?
Binarycent trading terminal can be downloaded from the official website of Binarycent and you can download the application from the MLQ community website as well.
What features does the Binarycent MetaTrader 5 have?
MetaTrader 5 is built for the advanced trader with out-of-the-box trading options and facilities. Meta Trader 5 platform lets you connect to various markets.
MT5 offers 39 technical indicators and also provides custom indicators.
There are more than 100 price charts available in 21-time frames.
Can I trade in Shares via the Binarycent Trading Platform?
Yes, you can easily trade in shares while using the Binarycent trading platform.
Is Binarycent Trading Terminal good?
Binarycent trading platform is also known as MT5 which is the successor of MT4 and both these apps are favorite among the customers hence the terminal is legitimate and good.
Can Binarycent Web Trading Platform be used without EKYC?
No, you cannot use the trading platform before KYC verification.
However, you can use the demo account as it does not deal with real money but then you have to open an account with your details first before using the demo account.
Does Binarycent Trading Platform Provide Tips?
Binarycent provides tips and support for all the features that you use during trading.
How to Buy Currencies via Binarycent MT5?
To make your first trade you need to go to the Market Watch window and open the context menu.
Once you are there you need to click on New Order and proceed with the options that follow.
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