BinaryCent Trading Account – Review, Types, Process, Benefits, Charges & more
Check out all important details of BinaryCent Trading Account here. BinaryCent was founded in 2016 headquartered in Vanuatu operated by Wave Makers Ltd.
As the name of the broker suggests, BinaryCent specializes in binary trading options but is not limited to this as it offers CFD and Forex trading as well.
The mastermind behind this trading platform is a group of traders who have relatively higher experience than most of the traders in the world.
BinaryCent is available on both web and mobile platforms. They have a defined account level which helps to distinguish the goals of a trader.
Their services are allowed in many countries across the world. In this article, you will get a detailed review of the BinaryCent online trading platform.
You will also get to know about the benefits, account types, charges, commissions, and features.
In addition to all these, you will also learn about the Account opening process and trading process in the BinaryCent online trading platform.
BinaryCent Trading Account and Benefits
BinaryCent provides all the necessary trading options and binary options.
The BinaryCent is a relatively new binary options broker but has advanced trading options which give head-to-head competition to other big brokers in the market.
It is said to be one of the best offshore trading platforms of recent times. BinaryCent provides multi-trading options and is reliable for both expert and as well as newbie users.
It is said that you need to research properly before stepping foot into the trading world and this is true for this trading platform as well.
However, BinaryCent also provides tips for updated market news which helps you to trade risk-free especially if you are new to trading. BinaryCent trading platform is available for the web-based platform and mobile-based platform.
In addition to it, it has a mobile app built for Android devices as well as iOS devices which lets you achieve flexibility.
BinaryCent is a reliable trading platform because it is managed by a group of highly knowledgeable individuals in the trading field.
BinaryCent provides automated trading with the help of bots like CentoBot and BinBot Pro. The withdrawal process takes less than 1 hour to complete and you can trade on weekends as well.
BinayCent is a highly secure trading platform and you can expect customer support in 7 different languages 24×7.
Fill up the Form – Open Forex Trading Account Now!
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BinaryCent Trading Account Charges
|Trading Account Charges|
There is a very low commission on CFD trading which ranges from 0.2% to 0.3%.
The minimum deposit you need to open an account with BinaryCent is $250 but you can trade with as low as 0.10$.
They provide lots of Deposit options with the BinaryCent Trading account and which is the same for Withdrawal as well.
However, to withdraw funds from your account you need a minimum amount of $50 to do that. Withdrawals with a BinaryCent account take less than 1 hour to get processed.
If you don’t maintain at least 1 cent for 90 days then your account will be deactivated and also you need to fund your trading account every 90 days to avoid cancellation of your account.
You might be charged by your bank for the movement of the fund to and fro from your BinaryCent trading account.
Types of BinaryCent Trading Account
|Types of Trading Account|
|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|
There are different types of account that BinaryCent provides and which depends on the use, trader type, and budget.
All the accounts have some different features associated with them which are great for all types of users.
BinaryCent trading account provides three types of trading account viz Bronze account, Silver account, and Gold account. Let us take a look at these BinaryCent account types.
Bronze account holders get a joining bonus of 20% which means when you deposit $250 (which is the minimum amount required to open a BinaryCent trading account).
You will have $300 in your account to start trading with.
With Bronze type account you will get withdrawals done in under an hour. You will also get 24×7 live chat support and can also trade using the Demo account.
To get a silver account you need to deposit $1000 upon which you will get a joining bonus of 50% to start with.
You need to do trades with this bonus amount before you can withdraw the amount. This is done to check spam accounts.
There are other additional benefits associated with a Silver account apart from the features of the Bronze account. You will get a risk-free trade option up to 3 times.
You can have a master class session to learn and clear doubts on Trading. Also, you will also get a copy trading tool with a Silver account.
To achieve a gold account you need to deposit a minimum amount of $3000 in your BinaryCent Trading account to start with.
In this type, you will receive a joining bonus of 100% and like the silver account, you will have to trade a minimum number of times before withdrawing the amount.
With a Gold account, you will get all the features of a Silver account which includes a Bronze account as well.
You will also get a Personal Success manager exclusively available for this type of account.
BinaryCent Account Opening and Trading Process
The registration process is very simple and is like other brokers. Let us take a look at the signup and login process with the BinaryCent trading account.
- Go to BinaryCent official website and click on the Signup option
- In the next window, you will be presented with the Signup form where you have to fill up with your details and provide your preferences.
- If you have a promo code then you can apply it as well in the space provided.
- Then you need to check a box after you meet the requirements mentioned and then click Submit to complete the signup process.
- To log in to your account you need to enter the credentials you had entered while signing up.
- For Account verification, follow the steps given below-
- After you have logged in to your account for the first time, you will be asked for KYC documents which can be a Govt approved ID card or your passport ID.
- The document can be uploaded in PDF, Jpg, Jpeg, and png extensions and the size needs to be fewer than 10 MB.
- In the case of an ID card you need to upload both sides of the card
- Next, you have to check the boxes and Digitally sign which will be verified from your side
- The verification process usually takes 1-2 business days and after which you can deposit and withdraw funds.
Find Different Trading Account Types of Forex Brokers
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BinaryCent Trading Account – Features
|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|
Let us take a look at the BinaryCent trading account features:
Numerous Trade types
Turbo Trades offers quick trades as they can occur in a period of 30 seconds to 15 minutes. Since it has a quick turnaround time, it is quite popular among most newbie users.
However, it is highly recommended to exercise utmost caution before investing a high amount in this trade type.
In Long term trades, the period extends up to 5 weeks and requires lots of patience.
The intraday traders are basically the expert users and need vigilance over the stock market every minute. Binary Cent trading account has all these trading types.
Bonuses and Promotional Offers
BinaryCent Trading account offers its users with massive joining bonus which is unlike any other broker in the market.
For the bronze account, it is 20% of the deposit amount, for silver, it is 50% of the joining amount and for the Gold account type, it is 100%.
Trading in Mobile platform
You can trade in mobile as well with your Binary Cent trading account without registering for a new account for the mobile platform.
The mobile trading platform has all the features of the web platform plus it is handy as well. The mobile platform allows you to facetime live chat support as well.
The BinaryCent has vital indicators that are a lifeline to a trading platform.
They have detailed key indicators which can predict the direction of the market in which it is currently moving or about to go.
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BinaryCent Trading Account – Conclusion
BinaryCent is a relatively new user established in 2016. It has since then grown rapidly and has made a name in the market.
They offer competitive pricing and provide their clients with a huge number of offers and discounts.
The trading platform has a mobile version which gives a user flexibility to use it on the go.
It offers support in 7 different languages and has a robust support system that offers support 24×7. Overall this is a marvelous trading platform for all new and expert combined.
BinaryCent Online Trading – FAQs
Here are a few FAQs related to the Binary Online Trading:
Does BinaryCent provide Online Trading?
Yes, BinaryCent is an online trading platform that has all of its operations done online and includes KYC verifications as well.
What are the Commission Charges in BinaryCent?
BinaryCent levies 0.3% charge as commission charges on CFDs.
Does BinaryCent provide Demo account Trading?
Yes, The BinaryCent does provide a demo account that helps the new users to learn more about the trading world before they go live.
Is trading free at BinaryCent?
Usually, trading is free at the BinaryCent Trading account; however, there is a different minimum amount deposit for different account types.
Also, you can be charged by the bank as a processing fee during fund transfers.
Does BinaryCent provide Spot Metals Trading?
Yes, BinaryCent deals with spot metals and precious metals trading along with CFDs and Forex currency pairs.
What are Spot Metals Trading Charges at BinaryCent?
There are no additional charges associated with your BinaryCent trading account when you trade for spot metals
Does BinaryCent provide Stock Trading?
Yes, BinaryCent provides stock trading as well including CFDs and Forex Currency pairs.
What is spread at BinaryCent?
The Spread at BinaryCent starts from 0.5 pips with leverage of 1:100.
Is BinaryCent safe for trading?
BinaryCent is run by a group of expert traders which makes it highly secure and trustworthy.
Does BinaryCent provide Trading Tips?
Yes, BinaryCent provides trading tips, and also you will get a dedicated accounts manager with the Gold Plan.
Fill up the Form – Open Forex Trading Account Now!
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