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Binary.com Reviews: Demo, Deposit & Binary Options Trading Info

Category: B2B News

Binary.com (previously BetOnMarkets.com) is a popular fixed odds financial betting broker that is based in Malta and the Isle of Man. The platform’s owner is Regent Markets Group that has extensive businesses in the Asian Pacific region. In essence, Binary.com is an online gambling site but they are fully licensed and regulated in both Malta and the Isle of Man. They operate from two bases in order to better serve their clients in the UK and the European Union markets.

Trading Platform

Binary.com reviews show that this trading platform is similar to those offered by typical binary options brokers. The interface is easy to understand and displays all the basic features and tools. However, as you scroll down you are sure to be impressed by their comprehensive charting tool. You can get the the list of intraday as well as well daily prices from the tabs placed below the platform. The prices are displayed in a detailed manner and include the percentage change. Coming back to the charts, you can select from the following displays: legacy charts, pop-up charts, interactive charts, and line charts.

Trade Types

Binary.com differs from conventional binary options brokers as their trade types are a bit more varied. You can select from:

  1. Rise/fall option contract
  2. Higher/lower option contract
  3. Touch/no-touch option contract
  4. In/out option contract
  5. Tick trades (Up/down trades, lucky 10 digits, and quick 10%)

Demo and Trading Accounts

All Binary.com reviews agree that this broker is a cut above run-of-the-mill binary options brokers because they allow you to use a handy demo account and even give you $10,000 virtual money. So, you need not waste real money in learning about the platform but can use the demo account to get the hang of the system. Once you gain some knowledge and experience, you can open a live trading account by simply investing a small minimum deposit of $/£/€ 5.

Trading Features

Binary.com offers a wide range of assets and you can choose from stocks, indices, commodities, forex, quotidians market, and the random index. Returns are truly high and you can get above 100% on simple rise/fall contracts and above 1000% on touch/no-touch and higher/lower trades. The best part is there are no commissions or hidden fees.

Customer Support

You can contact their customer support agents round the clock from Monday to Friday. You can phone them, request a call back, or simply email them your query.

Reliability

As mentioned earlier, since Binary.com is an online gaming platform, they are under the gaming regulations of the Isle of Man and Malta. However, Malta is now trying to regulate binary options trading in their country. Till these regulations become effective, traders will have to depend on the gaming officials for protection. However, Binary.com is part of an extensive multinational business empire and has established a good reputation, so you can safely entrust your money with them.

Mobile Apps

The best part is the mobile apps retain the look and feel of the desktop trading platform. In addition, each app is optimized for the particular operating system. So you are sure to enjoy the trading experience on Android devices as well as iPhones and iPads. The mobile trading platforms are slick and easy to use and enable you to trade any time you like from anywhere.

Binary Bot

An innovative feature offered by Binary.com is the Binary Bot service. You can use it to build and configure your own auto trader. The advantage is you can develop an automated trading robot based on your winning strategy. Then, you can make the robot trade live whenever market conditions match your set criteria. You can use the walk-through demo to test the building tool before you use it live. This way your risk is reduced.

Bonus

Binary.com offers a $20 bonus if you open a new account and make the minimum deposit. Please note that it is not a “no deposit bonus” which means it is mandatory to make a deposit. In addition, please read the terms and conditions on the website to learn if the bonus subjects you to any restrictions.

Strategy

Binary.com allows you to try out a range of innovative strategies to maximize your chances of winning. To start, there is a unique method to select expiry time. Plus, the trading platform offers flexibility in choosing expiry and contracts. For these reasons, this broker is recommended for advanced traders. In addition, you get sophisticated platforms with MT4 and MT5 (MetaTrader) integration, besides the Binary Bot tool.

The bot empowers retail traders to access features that are normally made available only to established auto trading advisory services and signal services. Another unique strategy is tick trade which is not offered by other brokers.

Banking Info

Available deposit methods are:

  1. Debit /credit cards: Visa, Mastercard, and UnionPay
  2. Bank wire: Bank transfer, internet bank transfer, internet banking, and Western Union
  3. E-wallets: PaySafe Card, Yandex.Money, QIWI, WebMoney, Moneta.ru, Perfect Money, FasaPay, OK Pay, Neteller, and Skrill Moneybookers.

Withdrawal time is between 1-2 working days depending on the method you choose. For bank wire, withdrawal can take up to 5 working days. Withdrawal fees are low but for bank wire transfer you are charged $25. In addition, payments are done with reputed banks, so traders can invest their money with peace of mind.

Summary

On the pros side, you can consider the simple trading platform, long operational history, high returns, excellent support, flexible trading conditions, extensive asset list, exciting trade types, handy demo account, and sophisticated charting tools. On the flip side, the broker does not accept US traders and does not conduct any trading tournaments. As you can see, the long list of positives is highly impressive and you are sure to get full bang for your buck by opting to trade with Binary.com.

By Jenny Chang

Senior writer at FinancesOnline who writes about a wide range of SaaS and B2B products, including trends and issues on e-commerce, accounting and customer service software. She’s also covered a wide range of topics in business, science, and technology for websites in the U.S., Australia and Singapore, keeping tabs on edge tech like 3D printed health monitoring tattoos and SpaceX’s exploration plans.

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1 Comments »
Litsepiso pholosi says:

Please help me to sign up

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