Binary.com

Binary.com

Established:                     1999
Location:                         Malta Malaysia Saint Vincent and the
                                        Grenadines British Virgin Islands
                                        Vanuatu
Regulation:                      MSFA, LFSA, BVIFSC, VFSC,
                                         FCA, ACPR, BaFin, CONSOB,
                                        CNMV, FI
Offices:                            Msida, Labuan, Kingstown, Road
                                         Town, Port Vila, Douglas, Jersey,
                                         Cyberjaya
Leverage:                         up to 1:1000 (1:30 for EU clients)
Deposit:                           5 USD
 

Trading Details

Leverage

up to 1:500

Instruments

Currencies, Crypto, Indices, Metals, Energies.

Platforms

Web Trading, MetaTrader 5, Binary Platform.

Account types

Virtual Account

The virtual or demo account is basically a practice account that is preloaded with $10,000 virtual cash. It allows beginner traders to test out the trading platform and trading strategies, without having to risk any real money.

Standard Account

Once you are confident enough to begin live trading, you can open a standard trading account. Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible. The account process is simple and hassle free. If you have already registered for a demo account, the process of converting it to a virtual account to the standard account is even easier with just a click of the mouse.

Availability

Binary.com group accepts clients from all over the world, excluding USA, Canada and Hong Kong.

Binary Bot

This platform allows you to automate your trading strategies with a simple “drag and drop” bot creation tool.

Pairs Offered

Major, Minor , Exotic. +50 pairs

Account currency

USD, AUD, EUR, GBP.

Payment Methods

Credit Card, Neteller, Skrill, Webmoney, Wire Transfer.

Regulation and Security

With over 1,00,000 customers across the globe, Binary.com is licensed and regulated to ensure financial stability and ethical business practices. They hold multiple regulatory licenses by:

  • Malta Financial Services Authority (License No. IS/70156).
  • Vanuatu Financial Services Commission
  • British Virgin Islands Financial Services
  • Labuan Financial Services Authority (License No. MB/18/0024)

Key Features

Binary.com has a patented pricing technology that ensures that you’ll never pay more than you should. Enjoy the same rates as traders from the interbank market.

  • Real-time prices that are benchmarked against interbank option markets.
  • Payouts above 1000% on touch/no-touch trades and higher/lower contracts.
  • No commissions or hidden charges.
  • Payouts above 100% on simple rise/fall trades.

Risk Management

Binary.com clearly displays your risk and reward before every trade contract is purchased. So you’ll know exactly how much profit you can stand to gain if your prediction is correct.

  • Once you choose a payout, the Binary.com platform will calculate the stake required to purchase the trade contract.
  • Your stake will never increase, as only your initial stake is at risk.
  • Binary.com also gives you the option to sell your option contract before the expiry time to keep any profit you have made. You can also sell your contract early to minimize your loss as well.

Pros

  • $5 Minimum Deposit
  • Regulated and Licensed by Multiple Regulatory Agencies
  • Web and Mobile Trading Available
  • Has Been In Business Since 1999
  • Demo Accounts Available With $10,000 in Virtual Money
  • Convenient Payment and Withdrawal Options
  • Flexible Trade Options Allow You To Choose Your Own Payout, Strike, and Expiry Time
  • Excellent Payouts and Profit on Successful Trades
  • Binary Option Bot Allows You To Create Your Own Automated Trading Strategies

Cons

  • No Live Customer Support Chat Available
  • Traders Aren’t Allowed From United States, Hong Kong, or Costa Rica