Binary.com Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Beginner’s Guide to Binary.com: Complete Review

Binary.com is a trading platform dedicated to offering binary options from the world’s various financial markets. The website was founded in 1999, making it one of the oldest online trading platforms — as well as among the most-respected ones. Via the Binary.com website, users can trade volatility indices, currencies, indices, and commodities. The online broker prides itself on offering the most flexible pricing as well as the most comprehensive suite of products available.

Binary.com has a strong commitment to high ethical standards and supplying a high-quality trading experience. This includes holding deposits within a trust account that is separate and never using client-deposited funds for another purpose.

Please Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Binary.com was founded in October 1999. The broker is free of debt. Today, it has more than 200 contractors and staff members around the world, as well as more than a million registered accounts. The platform averages 20 transactions each second, 24/7. There are physical offices in Malta and Malaysia, and all information and the website are available in Chinese, English, French, German, Italian, Indonesian, Portuguese, Polish, Spanish, Russian, Vietnamese, and Thai.

This year, the active client base of Binary.com is expected to reach more than 100,000. This year, the online broker is projected to have more than 197 million transactions, which would mean a total of more than 789 million contracts bought and sold on the platform since its release. Additionally, Binary.com is predicted to generate more than $1 billion in turnover this year, which would lead to a total turnover since its inception of more than $5.7 billion. Client withdrawals this year are expected to amount to more than $140 million. Before this year, the figure was nearly $500 million. Binary.com also expects to increase the staff in its three offices thanks to the increased demand for its services and products.

Binary.com License and Regulations

Customers can rest easy knowing that Binary.com is licensed and regulated in Ireland, the Isle of Man, the United Kingdom, and Malta. Binary Group Ltd. owns and operates Binary.com. Clients in the UK trade through Binary (IOM) Ltd as well as Binary Investments (Europe) Ltd. Those in the Isle of Man trade via Binary (IOM) Ltd. Those in the European Union apart from the United Kingdom trade via Binary (Europe) Ltd as well as Binary Investments (Europe) Ltd. In the other areas of the world, customers trade via Binary (C.R.) S.A.

The holding company for the following Binary.com subsidiaries is Binary Limited, which has its office registered at 47 Esplanade, St Helier, Jersey, JE1 0BD, Channel Islands. Binary Investments (Europe) Ltd has the address of Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta. The Malta Financial Services Authority regulates and licenses it as a Category 3 Investment Services provider with license number IS/70156. Binary (C.R.) S.A. is registered in Costa Rica but is not regulated or supervised by a regulatory body within the Costa Rican financial system.

Binary (V) Ltd is in Govant Building, Port Vila, PO Box 1276, Vanuatu, Republic of Vanuatu, with licensing and regulation from the Vanuatu Financial Services Commission. Binary (BVI) Ltd has the address of 2 nd Floor, O’Neal Marketing Associates Building, Wickham’s Cay II, P.O. Box 3174, Road Town, Tortola VB1110, British Virgin Islands. It is regulated and licensed by the British Virgin Islands Financial Services Commission. Finally, Binary (FX) Ltd has the address of Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Federal Territory of Labuan, Malaysia. The Labuan Financial Services Authority regulates and licenses the company to run a money-broking business with license number MB/18/0024.

Binary.com Values

Binary.com has integrity as one of its core values, with the idea that the company should always opt for the right thing. This extends to serving customers with transparency and honesty, communicating using easy-to-understand plain language, and settling contracts by the book.

The broker also values teamwork, with an emphasis on positive team players that work together so they can achieve common goals and overcome challenges. Binary.com values competence, choosing to work with people who are talented and smart as well as willing to get things done.

Finally, Binary.com has a strong customer focus. It always puts its customers first. Additionally, the broker dedicates itself to creating services and products that provide those customers with the best possible trading experience.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

History of Binary Group

The first step toward the creation of Binary Group occurred in 1999 when Hong Kong-based Jean-Yves Sireau, a hedge fund manager and entrepreneur, began Regent Markets. He created the methods, systems, and algorithms necessary to implement a financial betting system with fixed odds. His goal was to develop a market with fixed-odds bets as the simplest type of derivative contracts, so regular investors could make small bets. This was revolutionary, as prior to Regent Markets, binary options were typically traded with large quantities. In October 1999, Regent Markets received an investment to deliver online financial betting services.

In 2000, Regent Markets filed for a patent. In May of that year, it registered the name BetOnMarkets and moved to Malta to get an internet betting license. The website went live, with the company quickly becoming the market leader for fixed-odds financial betting. In 2004, Regent Markets got a license on the Isle of Man and began setting up its programming center in Cyberjaya, Malaysia. In 2007, the company received a U.S. patent for the “betting system and method.” In 2008 and 2009, Regent Markets received the customer base of a main competitor, BetsforTraders.

2020 saw two new patents in the U.S. from Regent Markets. These included “computer trading system for offering custom financial market speculations” and “computer trading system and method for speculating on a financial market.” Shortly after this, BetOnMarkets.com increased its payouts to 100,000 USD, GBP, AUD, and EUR. In 2020, the company met the milestone of $1 billion in turnover since its beginning, with 400,000 clients in its database.

The rebranding of BetOnMarkets.com to Binary.com took place in 2020. This change took place to help the platform evolve as it worked to grow its market share for binary trading. This was also when the company got its new tagline, “Sharp Prices, Smart Trading.”

From there, Binary.com continued to grow, offering new methods of trading. This included the new charting application and a short-term touch/no-touch trade. By the middle of 2020, Binary.com had more than 130,000 new daily transactions and more than 100 million historical transactions. 2020 is also when Regent Markets renamed itself to Binary Ltd, to ensure the name website and company name matched. By late in 2020, Binary.com had more than 800,000 clients and reached the $2 billion milestone. Soon after, Binary.com hit 1 million users.

This followed by Binary receiving a Category 3 Investment Services license from the Malta Financial Services Authority. Around the same time, Binary Group opened an office in Tokyo, Binary KK, and began applying for the relevant licenses. By 2020, Binary.com was processing more than a million transactions every day. After this, Binary.com introduced an e-commerce site to sell branded merchandise as well as the Binary Bot, an auto-trade programming tool that lets traders create automated trading robots simply. By 2020, Binary KK in Japan received its KLFB license as a Type 1 Financial Instruments Business and Binary.com opened its QSentral office in Kuala Lumpur. 2020 saw the addition of Bitcoin accounts for customers outside of the EU.

Binary.com Fees

Thanks to Binary.com’s patented pricing technology, clients are able to enjoy the same return rates as traders within the interbank market. This means real-time prices that are benchmarked against the interbank options markets. Clients do not have to deal with any hidden commissions or fees. They also get returns of more than 100 percent on simple rise/fall contracts, as well as returns above 1,000 percent on touch/no-touch and higher/lower trades.

Binary.com does its best to make it simple for customers to trade however they want, regardless of their market strategy. You can trade all the major indices, currencies, commodities, and volatility indices. When setting up a trade, choose your trade type, the market, the trade duration (between 10 seconds and 365 days), the strike, the barriers, and the payout (between $1 and $50,000).

Risk Management

Since there is a great deal of risk associated with binary options, Binary.com ensures that clients clearly know both the potential reward and the potential risk before they buy a contract. When you select your payout, the system automatically calculates the required stake you need to buy the contract. The stake will never increase, so you will only risk the initial stake. To further minimize risk, Binary.com makes it possible to sell contracts before they expire to minimize losses while keeping profits.

Binary.com also has a dedicated section of its website for responsible trading. Here, it outlines the risks associated with trading binary options and provides suggestions for responsible trading. These include only trading with money that you can afford to use, suggesting the use of a virtual money account, never trading when tired or under the influence, and limiting your winnings.

Binary.com further offers the ability to set limits on trading activities or self-exclude. You can limit yourself based on the amount you can trade or lose within a specific period, based on the amount of time you can trade within a single online session, or even from the website for a set of time. However, self-exclusion requires a minimum of six months. You can limit yourself via phone or email.

Binary.com Trading Platforms

Binary.com has a simple and user-friendly platform that minimizes the learning curve for new clients. The platform makes it easy to find the ideal trade for any market condition and execute a trade within seconds. Using the platform, you can monitor your portfolio with real-time information. The platform also makes it simple to sell back trades using market prices.

In addition to its proprietary platform, Binary.com has an extensive range of platforms, divided into lists for the ones that are best for beginners or advanced traders. Beginner traders can use SmartTrader, which is a premier binary options trading platform with a user-friendly and simple online platform. There is also a Binary Tick Trade App from Binary, which is designed for ultra-fast trading on the go and available for Android devices. Or you can use the multibarrier trading platform from Binary.com, Ladders, for FX binary options.

Advanced traders will want to strongly consider using MetaTrader 5, a well-respected industry standard for trading. This is an advanced multi-asset trading platform that sets the global standard for trading binary options, CFDs, and forex, and it is available for multiple devices. There is also a Binary Webtrader that is an advanced binary options trading interface that lets you watch the movements of markets and assets simultaneously. Additionally, there is Binary Bot, a drag-and-drop bot creation tool that lets you create automated trading strategies.

Binary.com also supports two charting platforms that allow traders to study the financial data relevant to their strategies and potential trades to predict market movements. TradeView for Binary.com offers powerful technical analysis and charting, along with the ability to analyze markets using overlays, price bands, and indicators. SmartCharts also provides interactive charting, letting users analyze financial markets with beautiful visualizations and unique trading tools via an intuitive, fast interface.

Binary.com Webtrader Platform

As mentioned, the Binary.com Webtrader is an advanced trading platform. This platform is fully customizable to meet your own personal preferences. It has an intuitive interface and makes it simple to simultaneously watch your favorite markets and assets. It also lets you monitor historical data, trading times, the asset index, and essential charts. The trading interface is full-screen and customizable, so you choose what is on the screen.

The platform is robust and secure, so there are no concerns about the safety of information or funds while using it. You can easily access it via the web browser of your choice and in one of 13 different languages. There are also many customizable features, including arranging and loading assets, charting, and additional resources however you want.

Tick Trade App

The Binary.com Tick Trade App is perfect for beginner traders who want to be able to trade their binary options while on the go or from a smartphone or tablet. The interface is sleek and responsive, making it quick to choose your trading preferences. You can choose a market and an underlying asset, including volatility indices assets and forex currency pairs. Use the application to designate your chosen type of binary trade, such as Up/Down or Digit Match/Differs. Via the app, you also set the pace of your trade, between five and 10 ticks. Finally, choose the amount you prefer for the stake or payout, so you can control the risk to meet your needs. This application supports English, Indonesian, and many other languages. However, it is not available in every country.

Binary Bot

As previously mentioned, Binary Bot is a programming tool that helps set Binary.com apart from the competition. This tool lets you create a trading app using a drag-and-drop function that Binary.com compares to completing a jigsaw puzzle. You can use this tool to create as many binary options trading bots as you want, making the algorithms incredibly complex or sticking to simple formulas. In addition to creating bots for your own use, you can make an additional profit by selling your bots in the Binary.com Shop to other traders. Every time a trader buys your bot, you get 80 percent of the sales revenue.

Demo Account

Binary.com does provide clients with a virtual-money account that serves as a demo account. This is designed to help clients hone their skills and get used to binary trading before they risk real money. You can easily switch between your virtual-money and real-money accounts at any time in the top-right corner of the page once logged in. This feature also lets you test out new strategies.

Payment Methods

Binary.com not only lists its payment methods but also details which currencies are applicable for each method, the minimum and maximum deposits and withdrawals, and the processing time for deposits and withdrawals. For many of the payment methods, there are also quick tutorial PDFs demonstrating the steps you should take to make a deposit or withdrawal.

Bank wires and money transfers are available in USD, GBP, EUR, and AUD. Internet bank transfers are available for USD, GBP, or EUR. Plus, Pay Sec is available for USD. You also can use a Visa or Mastercard debit or credit card for USD, GBP, EUR, or AUD. Supported e-wallets include FasaPay, Perfect Money, Skrill/Moneybookers, Neteller, WebMoney, Qiwi, PaySafeCard, and Yandex, with each working for specific currencies. Cryptocurrency funding methods include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Deposits & Withdrawals

To make a deposit, start by logging into your Binary.com account. From there, go to the “Cashier” tab on the navigation bar. You can then select either “Deposit” or “Withdrawal.” You will see a list of deposit or withdrawal methods. Select the appropriate one and fill out the required information. The process should be fairly straightforward to complete.

How to Trade on Binary.com

When you begin trading, you will notice that the trading screen lets you customize your position completely. At the top of this section, you will see a drop-down menu that lets you select your market, with a drop-down menu for the type of trade just to the right of this and a mini chart with the value to the right of that.

Below those features, you will notice the form that you fill out to trade. The top line lets you select your duration, filling in the value and using a drop-down menu to adjust whether that is in days or another measure of time. Right below this is a spot to fill out your high barrier, with a space for the low barrier directly below it. Underneath that, you can choose your payout, including the currency and number of units.

Binary.com includes two-way pricing. This means that if you adjust any parameters for your trade, the trade price will change instantly. This lets you see your stake in real-time and lets Binary.com continue its goal of delivering transparent pricing by displaying both sides of a trade. When you are ready to make a trade, click “Purchase.”

As soon as you do, your trade will appear in your account, with the price updating in real-time. Your account details the specifics of the trade and when you made the contract, as well as the purchase price and latest price. You can also click “View” to view the current trades in more detail. Remember that it is possible to sell a contract before expiry to keep profits or minimize losses.

Education for New Traders

Since Binary.com is designed to appeal to traders of all experience levels, the broker offers an entire “Get Started” section on its website. Here, you will find detailed explanations and articles related to binary options, lookbacks, and MetaTrader 5. The section on binary options includes a simple definition, along with a glossary and in-depth looks at what binary options are, how to trade them, the types of trades, and the range of markets.

The section on lookbacks includes a definition and a description with examples of the three types of lookbacks that Binary.com offers. The section for MetaTrader 5 has much more information as it includes sections for every type of trade that you can do using the platform, including binary options, CFDs and forex. For each forex, cryptocurrencies, CFDs, and metals, you can view what trading that asset is, how to trade it, the margin policy for that asset, and the contract specifications for it. There is then a section on binary options with MT5, including an introduction and how to trade those binary options on the platform.

Market Analysis

Binary.com provides a daily report with relevant news from around the world, specific information on the recent movements of the most popular currency pairs, upcoming events for the day that may affect trading, and a trade idea. The broker also offers a weekly market update and weekly trading signals, the latter of which appears via videos from a professional trader and charting expert.

Educational Tools

If you visit Binary.com’s Academy on its website, you will find additional educational tools and resources. In the Videos section, you can view various video tutorials and webinar videos, with topics like “Introduction to the MetaTrader 5,” “Purchasing from the marketplace,” and “MetaTrader 5 for Android/iOS.” There are also videos there that show you how to use Binary.com. This page also includes links to the videos for Binary TV, the Commodities Corner (the archives), the webinars, and the weekly trading signals.

It is completely free to sign up for webinars from Binary.com contributors with vast experience from around the world. The webinars include topics for all skill levels, including “How to trade silver” and “How to trade Forex on MT5.” You can see upcoming webinars on the Events page. The Commodities Corner has live news on commodities, including information on identifying trade setups via technical analysis. Binary TV keeps you informed about trends and headline news throughout the financial markets.

Additionally, Binary.com offers a range of e-books, including a free downloadable trading guide. Each e-book tells you the ideal trader experience level for the content, and you can find topics like “Secrets to Smart Trading.” You can also read an analysis of global markets by Jim Mellon for free.

Binary.com API

Binary.com also has an API that makes it possible for developers to create trading interfaces and applications that interact with the Binary.com system. The API supports most read and write methods and you can suggest additions via the dev forum.

Is Binary.com Safe?

Since Binary.com is regulated and licensed in multiple jurisdictions, it must comply with a high level of standards that provide protection of client funds and personal information. Additionally, Binary.com segregates client funds, keeping them secure in licensed financial institutions. All credit card details go directly to the Visa or Mastercard network with the latest version of SSL encryption, following bank policies.

Binary.com additionally offers various account security suggestions for clients, including enabling two-factor authentication, setting a cashier lock password, using Cloudflare DNS, setting a strong password, keeping your browser up to date, using antivirus software, monitoring recent logins, and never sharing account information.

Binary.com also clearly outlines its policy for security and privacy, including its compliance with the general data protection regulation and other data protection laws that are applicable. Binary.com uses personal information to validate clients as legitimate account owners and the proper recipient for withdrawal payments, as well as processing trades. All personal information is held with due diligence, only processing it for required or allowed purposes according to the law.

Competitors

Binary.com is in competition with our similar brokers which have covered before, as follows:

Affiliate Program

Binary.com has an affiliate program that lets members earn commissions via referrals of new clients. It is free to join the affiliate program. You just fill out an application, select a commission plan, and wait for Binary.com to approve your application. Affiliates get unique affiliate links as well as referral tools to help them earn commissions. There is dedicated support for affiliates, and payments are always on time.

Binary.com also has an Introducing Broker (IB) Program, which lets members earn commissions on trading activity from clients that they refer to the MetaTrader 5 platform for Binary.com. To start, you just fill out an application form if you are not already an affiliate; affiliates can just send an email. You then get referral tools and affiliate link that is unique to you. When a referred client trades CFDs and forex on Binary.com’s MT5 platform, you get a commission based on the clear commission structure.

Awards

In 2007, BetOnMarkets.com, the predecessor to Binary.com, earned the “Best Fixed-Odds Financial Trading Provider” award from Shares Magazine UK. That award recognized the website for its secure, fast, and reliable trading for all skill levels. Shortly after, the Financial Times and Investors Chronicle UK awarded the company the title of “Best Fixed-Odds Financial Provider.”

In 2008, BetOnMarkets.com repeated its Shares Magazine UK honor of being “Best Fixed-Odds Financial Trading Provider.” This year also saw the company earn the Investors Chronicle award for “Best Customer Communication Firm.” 2009 saw even more awards, including “Financial Betting Operator of the Year” from eGaming Review and “Best Fixed-Odds Financial Trading Provider” from Shares Magazine UK.

The awards continued and in 2020, Trade2Win honored the company with the “Best Fixed-Odds Broker” silver award. It then earned the title of “Best Fixed-Odds Firm 2020” from Global Banking and Finance Review. During the 2020 EGR Operator Awards ceremony in London, Binary.com earned the first prize in the category of Financial Betting Operator. This was followed by the honor of “Best Binary Options Broker” during the 16 th Annual MENA International Financial Conference and Exhibition in Dubai. During the Online Personal Wealth Awards 2020, investors voted to name Binary.com the “Best Binary Options Broker.”

Conclusion

Binary.com is a world leader in binary options and was the first company to offer many specific types of trades. The company also holds multiple patents, showing its history of innovation.

Binary.com lets you trade on one of several platforms and offers educational and analysis tools to help it appeal to all experience levels. The web trader interface is well designed and easy to use, beginners should easily be able to get up to speed by using the vast array of educational material on the website.

Binary.com has a long and well established reputation, having been around since 2000. Looking at customer reviews online we did find some complaints from users, but that is typical and nothing out of the ordinary for this type of broker. Just about every broker has some unsatisfied customers.

The site has a low deposit requirement for new customers and you have the option of using a demo account first with $10,000 so you can fully test the platform before committing to a real money account.

Due to regulatory restrictions, this broker is not available to clients based in the USA.

Please Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

7 Binary Options

Binary.com is an extremely popular and respected broker among those who are interested in binary options trading. Some of you are probably wondering if there have been any complaints lodged against Binary.com. 7binaryoptions.com is pleased to report that we have not received any complaints regarding this broker or their trading platform for the past several years.

Here at 7binaryoptions, we highly recommend trading with regulated binary option brokers as they must strictly adhere to rules and regulations. Binary.com is regulated by the Gambling Supervision Commission in the Isle of Man, as well as the MGA (Malta Gaming Authority). This provides traders with a sense of security as they perform their trades in secure environment because they know that they get full protection in case if something went wrong. Being a licensed and regulated broker is another reason why traders trust Binary.com and chose to trade with them as their favorite broker.

Binary.com is always transparent when conducting business and is in no way associated with any of the many binary scams that are popping up everywhere. Binary.com is the proud possessor of the 7binaryoptions.com’s Secure Binary Broker Certificate that is awarded to only the most trustworthy and reliable brokers by 7BO. Traders must continue to provide quality service to their traders, as this certification is only valid for a short period of time. This is yet another reason we think Binary.com is an outstanding broker.

Is Binary.com a Scam?

Is Binary.com brokerage platform is scam? To answer one of the most common questions any educated binary trader asks when searching for a broker like Binary.com, no Binary.com is not a scam. It would be highly unfair to both our readers and those associated with Binary.com to say such a thing. It is understandable, however, that with the number of binary trading platforms available online today, that traders are overly-cautions.

Binary.com was launched over 14 years ago and has been one of the leading financial betting websites since its origin. Since then, Binary.com has been able to update and modify its range of products multiple times. They offer a wide variety of options for binary trading.

Binary.com is owned and operated by the Regent Markets Group, which was previously known under the names Fixed Odds Group and BetOnMarkets. They have had outstanding success since their origin and have been a favorite amongst those traders who love to gamble in the financial market.

After reading numerous reviews, feedback and comments on multiple forums from traders who have utilized the website, it is safe to say that Binary.com is not a scam site. To this date, no trader has reported any negative or damage experiences with Binary.com. There are no records of alerts nor complaint regarding Binary.com scams. We can confidently recommend Binary.com to those interested in binary options trading. However it is important for traders to choose a broker using extreme caution as there have been literally hundreds of binary options scams that occur online every day

We see no reason for concern when working with Binary.com as they are considered among the best traders in the business. However, before registering with Binary.com, you should be fully aware of the type of services they offer as well as their features of their trading platform.

The Binary.com trading platform is designed for those who are new to binary options trading as well as advanced traders. All traders have full access to the demo account with virtual money once they make a minimum deposit with Binary.com.

The demo program will give the trader the option to learn a few things about the trading platform before they actually begin live trading with their own money. The Binary.com trading platform has been such as huge success due to its strong foundation and its solid strength in various financial markets

Binary.com is not a scam. It offers a safe and reliable trading experience for all of their traders, along with the help of their highly skilled team. At the present time, Binary.com is among the premier platforms when it comes to binary trading for both novice and experienced traders. Their outstanding services have drawn many traders to Binary.com.

Binary.com USA

There has been a great deal of confusion in the United States regarding the legality of binary options trading. This can be attributed to the recent growth of offshore binary trading, OTC contracts and the off-exchange which is currently being offered. Binary.com USA is a gray area, not as much due to the legal nature of the matter, but rather about being listed as a legitimate and authentic exchange in the U.S. The legislation hinges on whether brokers and binary options firms are properly registered or regulated to provide trading contracts to US residents at this time.
At the current time, offshore brokers are unable to trade with retail consumers and residents in the United States. The law strictly prohibits solicitation of US resident to trade in commodity options, even if they are defined as prediction contracts, unless they are legally exempt or listed specifically for the sole purpose trading on a CFTC registered exchange.

Binary trading has a fixed payout which is generally determined at the very start of the trade. If the prediction is in fact accurate, the trader will get the agreed upon payout. However, if the prediction is not accurate, the trader loses their initial bet. These options are labeled as binary options because there are only two probable results: correct or incorrect.

Binary trading is flexible as traders are able to execute trades in various markets ranging from stocks to currencies and from indices to commodities. They can participate in every type of market transaction such as up/down, touch/no touch and stays in/goes out. Payouts range from one dollar to hundreds of thousands. It is a great option for both novices and professional traders.

Professional investors and bankers prefer to trade in the binary options market as the over-the-counter markets are now derivative. USA traders are feeling rather put out as many professionals in the financial trading industry prefer to use the Binary,com platform as it extremely flexible for high volume trading.

Binary.com, formerly known as BetOnMarkets.com, was owned and operated by Binary LTd. It is regulated and licensed in the Isle of Man. Binary.com has been offering financial trading opportunities on a global market for over 15 years and has over three hundred thousand clients at this time. They are now expanding their wide range of services by offering a wide array of Smart Indices in their launch of Outperformance Indices. These measure the performance of indices in relation to one another. The indices amount to ratios of spot pricing for all underlying markets multiplied by the figure of one thousand.

Is Binary.com Regulated?

Binary.com is regulated by the Gambling Supervision Commission in the Isle of Man as well as the Malta Gaming Authority. They received their online gambling license in August of 2020. They were once known under the name of BetOnMarkets. Binary.com runs its platform in a transparent way under the direct supervision of the proper regulatory authorities.

The above facts are indicators that Binary.com is 100% legitimate as Binary Option Robot. They also belong to the Regent Markets Group. They use their own platform, which offers some unique and outstanding features that are highly innovative in the binary options market. These features include expiry times, asset classes and betting amounts. The platform is extremely easy for new traders to navigate. It also offers bonus features to those traders who have more experience such as it advanced charts and technical indicators. These helpful charts help traders make an accurate technical analysis of the probabilities of a particular trade.

Binary.com is also well known for as having one of the fastest expiry times on today’s market. Binary.com’s trading platform offers its traders a “Tick Trade” in which they can predict where the market will increase or decrease after five ticks. In other words they are trading with a ten-second expiry. Binary.com is perfect for those traders who are looking to place some quick bets.

Binary.com is the perfect place for those new to binary options to get some experience and training. They offer a wide amount of tutorials as well as explanations about the basics involved in binary options trading. Since Binary.com is licensed and regulated, traders need not be concerned. The only drawback is that US residents are not able to utilize the platform.

Binary.com is extremely popular worldwide as it only requires one Euro/GBP/Dollar to open an account with a minimum deposit. Registering with a regulated broker is a great way for a trader to safeguard their funds and also give them the peace of mind knowing that their hard-earning money is safe with Binary.com.

The financial market works like an Over the Counter market thus it becomes tough to subject binary option brokers to such a strict set of rules and regulations, so financial rules and regulations plays a vital role in protecting investors funds while they are in the hands of the broker. In this manner, Binary.com works hard to protect its trader’s funds. They also ensure that their operations are accountable to fiduciary regulations by strictly adhering to the standards set by the governing and regulatory bodies in the financial market.

Binary.com Mobile Trading

At the current time, Binary.com mobile is not being offered. However, Binary.com is developing a mobile application along with Phonegap. They are an open-sourced client application on Github. Binary.com is a strong supporter of the open-source movement and are involved in open-sourcing multiple codebase components. When it is available, Binary.com mobile trading will be extremely simple to use and promises to deliver fast results. It will be able be used everywhere and will include all of their current options that are offered on their online site. Traders will be able to use it while on the go and execute trades from anywhere. They will also be able to keep an eye on their open options as they will be able to follow the market at all times.

There are several platforms that have already been optimized for the use on mobile devices for binary trading. There are quite a few native apps that are available for IOS and Android users alike. These are Web-Apps which work independently of the operating systems but work directly in smartphone browsers for those who have internet access or mobile date for their mobile device.

The invention of potent smartphones has helped make the transition from personal computers to mobile binary trading a great deal easier. It has paved the way for the possibility of a Binary.com mobile app in the near future. However, since many of today’s smartphones have about the same capabilities as the average PC or laptop, traders are able to monitor their trades and are also able to take advantage of new trades regardless of their location, with or without the use of Wifi or a modem. Most binary options brokers are aware that this is a great feature for their traders so they are seriously considering creating mobile platforms that are advance so they will be able to provide Web-Apps for their clients.

Binary options is such a simple means of financial trading and there are not a great deal of requirements for a mobile platform. Binary options can easily be threaded over smartphone devices. Traders do not need as many features to be able to utilize Forex Trading or Contracts for Difference. All a trader will need are details such as expiry times and charts regarding their options. Buttons will be available with an interface to enter the amount of the trade. Binary options trading on a mobile device should be relatively easy, regardless of whether the trader is using an Andriod, Iphone or even an Ipad.

Does Binary Online Offer a Demo Account?

Binary Online claims to provide a Demo account and risk free trading to its clients, but is this really true?

According to our team’s research, Binary Online does NOT provide demo accounts. We also found out that they do not rate highly and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.

Top10BinaryDemo cannot confirm that Binary Online can offer you a demo account. In order to avoid risking real money you can OR choose from the Top Demo Brokers:

Table of Contents

Top Brokers with Demo Account:

Full Review

Established in 2020, Binary Online is one of the newest players on the Forex and CFDs trading market. The brokerage is based in Europe, but there is insufficient information about their owning company.

Since the broker just started its operations, we decided to conduct an investigation on them to find out if it is worth investing with them. When assessing the broker, we looked at several factors including their location, ownership details, popularity, trader feedback, threats, complaints and others. Details of our investigation has been shared in this review. So continue reading to know if it is safe to partner with Binary Online or not.

Trading Platform

Binary Online uses the Panda Trading Platform. The four different trading options available through this platform include Hyper, Range, High/Low and One Touch. While we are happy with the choice of options available for traders, we are not satisfied with the selection of assets. The broker offers very limited assets and the payouts on these assets are also not very high.

Another thing we are not happy about is that their website lacks professionalism. We really expected to see some interesting features, but to our surprise, there is nothing that traders will feel excited about. The broker has failed to add innovative or unique features to their platform.

The trading part looks rather complicated as well due to lack of educational materials on the site. Beginners traders will definitely have a tough time trying to navigate around and become familiar with the platform.

Expected Returns

According to Binary Online, the average returns on investments is 85%. But according to the traders who have used the services of this broker, it is quite hard to achieve this ratio. The payout is relatively lower than that mentioned on their website.

Is Binary Online a Scam Broker?

This broker was launched recently and this is one of the reasons why it remains unpopular among traders. Not many traders are aware of this broker, but those who have tried investing with them did not have a positive experience.

The broker gives traders the potential to earn profits on their investments. Everything about the broker looks good until the time traders wish to request a withdrawal. Instead of getting their withdrawals processed, traders are faced with locked accounts. The broker refuses to give traders access to their funds. Most of the complaints that we see online are related to withdrawals.

The broker is also not regulated meaning that putting your hard earned money into their hands spells risk automatically. Since the broker doesn’t adhere to the guidelines or laws of any financial regulatory authority, there is a significant risk to traders’ funds as well as their personal information. Our team of investigators have a strong feeling that Binary Online is a scam broker. They are not legit and therefore traders are advised to stay away from them.

Minimum Deposit & Withdrawal Procedure

The minimum amount required as a deposit is $250. However, how much the trader actually needs to add to their account depends on the level of account he/she chooses to set up. The three methods offered to add funds to the account include wire transfer, credit cards and ewallet options.

We don’t have information about the minimum withdrawal requirements. The broker does implement a stringent verification procedure when withdrawals are requested, but withdrawals are often always denied and traders are not even given any reason for it. Basically, the accumulated profits of traders get locked away and then there is no way traders can get their hands on their profits.

Customer Support

The customer support service offered by Binary Online is slow and very unprofessional. The team lacks knowledge and they are unresponsive when traders approach them. Their live chat feature is offline most of the time, although they have mentioned 24/7 customer support service.

It appears that emails are never read because we did not get any replies despite sending them numerous emails. When contacted them via telephone, we faced numerous issues such as calls getting hung up, delays in responding, calls going straight to voicemail and so on. In our opinion, the standard of customer support service offered by this broker is quite low.

Final Thoughts

Our verdict is that Binary Online is not a legit broker. We have come across red flags, complaints, issues and difficulties while using their services. The broker has shown no proof of credibility and therefore we declare them as unsafe.

We advise traders to choose from our approved list of brokers and stay away from options that may be scams.

Conclusion

After our research we concluded that Binary Online does not provide a demo account.

The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Like this post? Please share to your friends:
Binary Options Trading Step By Step
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: