BinaryCent

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!

TRADE FOREX, CFD

and options

Invest and earn up to 95% in 60 sec

BEST TRADING CONDITIONS

15+ altcoins available

Affordable for everyone

Investments are minimal

Maximize your profit

HOW TO DEPOSIT AND WITHDRAW YOUR PROFIT

NO PREVIOUS EXPERIENCE IN TRADING
ON FINANCIAL MARKETS?

Just Copy most Successeful Traders!

Pass free registration

This process takes 30 sec

Activate trading account

Fund your trading account by initial deposit to start with. Minimum deposit is just $ 250 !

Start copy trading

Choose one or more successful traders, start copying and follow the results!

Trade Forex
with Binarycent

What is CFD trading? First of all, CFD is highly profitable but risky financial instrument that allows you to get profit in 60 seconds.
It’s easy to understand and to trade. No need to learn a lot – you can start trading today.

How to start trading on Binarycent

You can start trading Forex and CFD on Binarycent platform even from $ 250 . It makes Binarycent trading platform affordable for everyone.

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!

Minimum trade size is only 10 cents. You can train your Forex and CFD trading skills with minimal investments.

TRADING APP №1

How to start?

Advantages

Support

About us

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The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose. Please ensure you read our terms and conditions before making any operation in our trading platform. Under no circumstances the company has any liability to any person or entity for any loss or damage cause by operations on this website. Binarycent nor its agents or partners are not registered and do not provide any services on the USA territory.

BinaryCent

BinaryCent.com is a unique binary options broker and one bound to get more attention for one reason. They accept deposits, pay withdrawals and provide trading with all the top cryptocurrencies. You can use Bitcoin, Dash, Ethereum and other top cryptocurrencies to fund your binary options trading account.

BinaryCent Summary

  • Open Account from with $100
  • Trades as small as $0.10 (10 cents!)
  • Deposit/Withdraw in crypto currency
  • Trade binary, CFD or forex with leverage up to 1:100
  • Advanced Trading Charts
  • Advanced Trading Tools
  • Copy Trading
  • Trade Contests
  • Deposit Match bonus of 100% on 1st deposit of ANY size

Cryptocurrencies accepted at BinaryCent

  • Bitcoin and Bitcoin Cash
  • Litecoin
  • Ethereum
  • Zcash
  • Primecoin
  • Peercoin
  • BlackCoin
  • Dash
  • Monero
  • Reddcoin

Trading Platform

The platform at BinaryCent.com is really top notch. When you first log on you may be dazzled by all there is to offer but a quick tour will soon reveal how advanced this platform is. In the top left of the screen are links to trading tools like economic announcements, chart patterns and technical analysis tips complete with charts.

The main portion of the platform is of course the trading screen itself. This is dominated by a large chart that can be viewed in tick/line or candle format. The candle format is actually a fully customizable charting package from TradingView similar to what you find on all the top forex websites today. It includes all the technical indicators, drawing tools, time frames and settings you could possibly need. And you can trade right from it.

The asset list is decent but not what we would call flush. There are 10 forex pairs, 2 commodities, 4 stocks and 5 crypto currency pairings. These can be traded Turbo, Intraday or Long Term. The Turbo expiry is 10 to 30 minutes in 1 minute increments for super short term trading. The Intraday expiry are every hour out to the end of the day for 24 total opportunities each day. The long term are end of day expiry going out for the next 30 days. Payouts are in the range of 60% to 80% depending on expiry and volatility.

Deposits And Withdrawals

This firm boasts industry leading 1 hour withdrawal processing just like its sister brand BinaryMate.com. Deposits can be made in all the usual ways including eWallet, credit cards and wire transfers with accounts denominated in dollars or euros. The bonus is that you can also use a wide variety of cryptocurrencies which are best when it comes to making fast withdrawals.

To make a withdrawal you will have to verify your identity and account which may take a little time so the first withdrawals may not be available as quick as they say. The minimum amount for withdrawal is $50 and comes with no fees.

Bonus Account Types

This broker is offering sign up and welcoming bonuses for new clients. The have three account levels, bronze silver and gold with increasing levels of benefits for each. Bronze level accounts can get up to 20% bonus, gold level accounts can get up to 100% bonus and 3 risk free trades. The risk free trades will replace any lost funds with bonus money. As always there are some terms to follow if you take a bonus. The turnover requirement is 20X the bonus with a time limit as well. If you don’t reach at least 3X account turnover in the first 3 months the bonus will be withdrawn and any profits derived from it. No withdrawals can be made until the turnover is met, if a withdrawal is made it will cancel the bonus and any profits derived from it.

Trading Contest

All accounts are automatically considered for the trading contest which gives out 20 prizes each week. Contest is based on trading volume, win rates and profits and can even be won using the copy trading features. Top prizes include $1000 cash, iPhones and bonus money.

BinaryCent

Broker Name: BinaryCent
Platform: BO, FX, CFD
Founded: 2020
Bonus: Up to 100%
Return/Refund: 70-100%/ 0%
No. Of Assets: 30+
Regulated: No
Demo Account: Yes
Minimum Deposit: 250
US Traders: Not Accepted

BinaryCent Review

BinaryCent is a shady binary options, CFD and FX broker operated by Finance Group Corp. Finance Group Corp is an unknown entity, there is no information provided on the website. It was formerly operated by Cent Projects Ltd. and before that, the name Suomen Kerran LP appeared in their Terms And Conditions).

Editor’s Note: Why Does BinaryCent Suck In 50 Words

Even if you don’t accept a bonus, you will still need to turnover your funds at least once before you withdraw. If you don’t do that, you can withdraw but you will have to pay a fee of 20%. I hate this greedy approach! It’s like “HA, I got your money, now you do as I say!” What if I deposit and decide that trading is not for me or that I simply don’t like what they are offering? I still have to trade my full deposit once or pay a huge fee… no, no, that’s not the way to go.

Why BinaryCent Doesn’t Suck in 50 Words

Eh, this is the hard part. The only thing I can think of is the low minimum deposit ($100 – although in other parts of the website they say $250) and the fact that you can trade cents (lowest trade is 1 cent). This makes them good for practice, but then again, if you want to just practice, you can get a demo account from a bigger broker.

Is BinaryCent A Scam?

As long as a court of law doesn’t say BinaryCent is a scam, who am I to say otherwise. But let’s get real for a bit: they are not regulated by a financial authority (even though they blatantly say they are regulated), the name of the operating company has changed a few times already, and the name they give is totally bogus. I am not saying there’s something wrong with Finance Group Corp, it just looks like there is.

Should I Open An Account With BinaryCent?

BinaryCent offers Binary Options (BO), Forex (FX) and Contracts For Difference (CFD) and I think the most noteworthy thing about this brokerage is the very low trade size (1 cent), so it makes it appealing to traders who are just starting out in BO, FX, and CFD but want to get a feel of the real market, not demo. Unfortunately, that’s about it, because I don’t see other things that would make me recommend this broker.

The platform is custom built and it’s nothing to write home about, but not disastrous either. The main attraction is the live chat with video, so I don’t think you will pay much attention to the platform features because you will be busy switching between all the beautiful girls who are there to make your stay more pleasurable. If you feel particularly fond of one (or more) of them, you have an option to tip them 1, 10 or 50 bucks. It’s like Hooters for Binary Options… with a bit more clothing.

Ok, video chat with girls is not something I need or want from a brokerage, but there’s something even more bothering: according to them, the brokerage was launched in 2020 and according to web traffic numbers (see above), they probably hit the market in early 2020.

Now, if you take a look at their homepage, you will see they’ve “allegedly” received Best Broker Award (by Fair Binary Options) in the year – wait for it – 2020. Wow, how can this be? I don’t know, but I’ll let you draw your own conclusion.

They also say they are regulated/approved by a website named Forex Regulator (what a confidence-inspiring name) but when checking that website I realized this is just an entity that offers legal assistance in case you want to get your money back from a broker, in exchange for a fee. They are located in Scotland (according to the website) but I’ve found many grammar and spelling mistakes so… I don’t know for sure but I assume that people from Scotland should speak proper English.

To me things are simple: if a brokerage is not regulated, they have to offer outstanding advantages and features to make me open an account and make a deposit, and BinaryCent doesn’t do that.

It’s again up to you to decide: if you consider video chat with girls an amazing feature and don’t care much about the rest, then BinaryCent could be the brokerage for you. If you are looking for other things, then look for other things somewhere else.

BinaryCent do not provide an address for their offices on the domain binarycent.com/en. However, when accessing binarycent.com/de, the following address appears in the Terms & Conditions: 309&310 Office, Albert Street Victoria, Mahe, Seychelles.

BinaryCent Complaints

Almost everywhere I looked, I found people calling BinaryCent a scam. You know we don’t trust 100% all complaints we find online, but the amount of unsatisfied clients is worrisome. Most people complain that their withdrawals don’t get through and I’d say that’s the worst thing that could happen. Also, some users have claimed that BinaryCent has changed their T&Cs to fit their needs, without prior notice.

Given the high number of complaints, I believe you should be very careful when dealing with this brokerage.

BinaryCent Regulatory Warnings And Announcements

7.18.18 – BinaryCent is warned by New Zealand’s FMA for operating without a license or regulation. More information here.

6.22.18 and 9.20.18 – BinaryCent is warned by the France AMF for operating illegally on two separate occasions.

BinaryCent Bonus

The bonus starts at 20% for a deposit of 250 USD and can go as high as 100% for a deposit of 3,000 USD. The required turnover before you can withdraw your own money if you’ve received a bonus is 3 times the bonus and your deposit which is a little weird. The bonus cannot be withdrawn and will be used for trading only. If the client withdraws prior to reaching the turnover, the bonus will be canceled and all trading losses will be deducted from the client’s original deposit.

BinaryCent Withdrawal

Withdrawals are processed during one hour according to their website, but given the high number of complaints regarding the withdrawal time, I don’t think that one hour is a guarantee. The minimum withdrawal is 50 USD and the method is… whatever the company’s finance team wishes. Yes, according to their TCs, the client cannot request a specific withdrawal method. Only the finance team can decide how you will receive your money. It’s like your money is held hostage or something.

BinaryCent Extras

Cent accounts and girls on video chat. The former is relatively good because you can get a feel of real trading without risking much and the latter is totally uninteresting to me, but it is an extra among binary options brokerages.

Trading Bitcoin With BinaryCent

Crypto lovers, rejoice! BinaryCent offers CFD trading on Bitcoin, Bitcoin Cash, Litecoin, Ethereum, ZCash, Monero, Dash, Primecoin, Reddcoin and other cryptocurrencies. Deposits and withdrawals are available using cryptocurrencies but unfortunately, there’s no leverage, so what you have is what you can trade.

BinaryCent Ratings

User Friendliness 15/20

The website is translated into 8 languages, but it looks half-finished, with hard-to-get information. The FAQ section is not very comprehensive, Demo accounts are not available (although they advertise it I couldn’t find it on the website). The platform is relatively easy to use but clunky and takes ages to load when you switch assets or charts.

Number Of Assets And Expiry Time 14/20

The asset list is only available after registration, so I had to register to get it (fake details, don’t worry): 26 currencies, 2 commodities (gold and silver), 4 stocks and Crypto Currencies (including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, ZCash, Monero, Dash, Primecoin, Reddcoin). This is a very small asset basket, but at least they offer Cryptos and people are going crazy about Crypto Currencies these days. The expiries for Turbo options are between 1 and 6 min (in increments of 1 min). Other expiries are the end of the day and long-term is one month (with increments in between).

Commissions, Support And Effective Return 13/20

There are no commissions to open an account but you will have to pay a 20% fee if you wish to withdraw from an account that has not reached the required turnover. BinaryCent also offers CFD trading, which requires you to pay a spread. This spread is floating and depends on market conditions.

The support is not very knowledgeable but is polite (after all, they are there to smile and be polite). The returns for successful Binary Options investments go up to 80% but fluctuate depending on market conditions.

Deposit, Payment And Bonus 13/20

The minimum deposit is 250 USD and can be performed through Visa, Mastercard, Neteller, Skrill and others (Bitcoin deposits and withdrawals are available). Minimum withdrawal is also 50 USD but the method will be decided by BinaryCent’s finance team. The bonus goes up to 100% be we don’t recommend accepting such a high amount.

Website Extras 12/20

The minimum trade amount is just one cent, which is good for money management. The other obvious extra is the video chat with girls but it is not my definition of professionalism. I call it a gimmick to attract male clients, hence the low score for this category. Bitcoin and altcoins trading is available.

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!

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