Binary.com Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

7 Binary Options

Binary.com emerges from a long-standing tradition of online trading and gaming websites. Their years of expertise is easily portrayed on their Binary.com binary trading platform. This unique platform offers some of the most innovative products we have seen thus far. In this Binary.com review, we will examine the various features that make Binary.com stand out from the rest. Their product pallet is by far their most outstand feature. We will show why thousands of people are choosing Binary.com as their first choice for binary trading.

Basic information:

Online since: 1999
Jurisdiction: Europe, UK, Internationally
Software: Proprietary
Max Returns: 91%
Bonus: 100%
Minimum Deposit: $5
Minimum Investment: $1
Maximum Investment: $50,000
Currencies: USD, EUR, GBP, AUD
Mobile: Yes
Countries: All nations excl. USA, Japan or Hong Kong

  • Low minimum deposit ($10)
  • Call Back feature for customer support
  • Proprietary trading interface
  • Wide selection of withdrawal methods
  • Demo account for new users
  • Net wallet processing can take 3-5 days

7 Binary Options Rating:

Binary.com Special Features

As previously stated in our Binary.com review intro, the best feature of this outstanding broker is its versatile and unique proprietary binary options trading platform. Their range of products differs slightly from the typical set of trading options you are used to seeing on other binary trading platforms. However, we strongly feel the products should be mentioned in the next section, so we invite you to read our Binary.com review in its entirety to see the full range of products that Binary.com offers its clients.

Another great feature of Binary.com is the charting section which offers a variety of outstanding views graphs of the preferred quotes.

Here’s a taste of what the charting section includes:

  1. a candlesticks graph
  2. a real time graph
  3. interactive Java(R) run charting software that allows traders to run a variety of tools over the possible price quotes as well as determine the available range of pricing moves

We discovered this amazingly unique feature during our Binary.com review. Other platforms that offer good graphing tools do not manage to bring the analysis tools to this level of perfection.

Binary.com offers an exceptional educational section on their website. As we were conducting our Binary.com review, we participated in one of the many webinars offered by Binary.com. We feel this is a great tool for expanding one’s trading skills as well as general knowledge about binary options trading. On Binary.com, traders can view the times for the webinars so they can join in.

Binary.com Trading software

As we previously stated, Binary.com’s trading interface is proprietary and offers a wide array of various products as well as underlying assets. Traders can utilize the additional charting features offered on the platform to evaluate the different pricing options for each trade option prior to making a move. This ensures that the users will benefit from the technical features of the site as while participating in a wide assortment of trading opportunities.

Binary.com offers five basic types of binary trading options:

  1. Rise/Fall, in which the trade focuses on the direction of the security as related to the starting price
  2. Touch/No Touch Options which are the standard binary trading options
  3. Boundary Options and Higher/Lower binary options in which the traders strive to determine of the price will increase or decrease as compared to the target price
  4. Ends In/Out and Stays Ins/Out options
  5. Advanced Range options including Tick Traders, which are super-fast term trades which we utilized the most during our Binary.com review

Binary.com also has recently introduced the flexible Asian & Digits running on the Random idea. In this instance one counts bets on the last digit of the expiry time rather than the pips. This is very intriguing as it shows the gaming industry influences of Binary.com. They also offer the Sell Options function which enables users to reduce risks by exiting the position before the expiry. In our Binary.com review, we did not test this feature. However, as it is quickly becoming a standard feature offered on the most popular binary options platforms, we are extremely confident that it is a useful tool.

As our readers can attest from our Binary.com review, the possibilities on this platform are endless. All these options offer two possible choices with the platform offering both positions on the side transparently. The user can compare performances and make an educated decision before making a trade. The platform itself is very user-friendly and easy to navigate. However, the advanced charting tools make it a viable platform for experienced traders. At the same time, these tools won’t inhibit those who may be new to the market. For newcomers, Binary.com offers a demo/virtual account, which we feel is a great feature, although for we did not utilize it during our Binary.com review as we wanted to also concentrate on the baking features offered on the site.

Binary.com offers a vast array of trading assets. These include:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

  • 28 indices
  • 27 currency pairs
  • over 50 random indices which include one additional non-traditional asset classes offered exclusively at this time by this platform
  • Three commodities, but traders can find more in the Sectors section as indexes
  • A variety of smart forex pairs

Obviously, we were only able to trade with a few of these options in our Binary.com review, but needless to say, the possibilities are endless!

Screenshot

Binary.com Support information

Binary.com not only offers professional technical and operational support, but they also find ways for their customer to gain assistance with gaming issues. For any issues, Binary.com’s customer support can be reached via email, call-back service, phone and live chat. They offer phone numbers with different working hours for their European and Asian clients. We had no problems reaching their support system whenever we reached out for assistance.

There are also direct phone lines and a line dedicated to those who need assistance regarding issues pertaining to trading platforms. Users are often drawn to the binary trading market as well as other means of online trading without considering the risk. Binary.com also cooperates with GameCare, which is an organization that offers assistance for those recovering from a gambling addiction.

Their customer support team is very knowledgeable and well trained as they were able to answer all inquiries and solve all issues quickly and professionally. During our Binary.com review, we were happy to get such a quick response from customer support as this is crucial to those utilizing every aspect of binary trading. We were pleased with the call back service and feel this is an option that other binary options brokers and binary option robot should utilize as well. We were happy to test that unique feature as part of this Binary.com review.

Video: How to Open an Account to Binary.com

Binary.com Video: What Is Binary Options Trading?

Binary.com Banking and company information

Binary.com offers a variety of withdrawal methods and the minimum amount is usually the same as the minimum deposit amount, which can be as low as $10 (or even $5 for some of the methods of deposit) The withdrawal fee depends on the method you select.

Since the offer an extensive list withdrawal processes, we recommend speaking directly to one of their account representatives to find out which one is best for you. These include, but are not limited to:

  • WebMoney
  • Skrill
  • Liberty Reserve
  • UKash
  • Debit or Credit card options

The typical withdrawal process for Binary.com is usually 24 hours, but it may take longer than this to physically see the money in your account. They make mention of a “5 working day” processing time on another section of their website so it might be safer to go with the five day processing theory, although during we experienced a very rapid withdrawal time during our Binary.com review.

We found that baking with Binary.com is a delightful experience as they have excellent services overall, for example because of the following points:

  1. They utilize a wide range of deposit and withdrawal methods that range from net wallets to credit cards
  2. Their fees are low
  3. The deposit requirements are extremely low when compared to other binary options platforms
  4. Binary.com accepts a variety of credit cards including Visa, MasterCard and Union Pay
  5. Deposits are immediately available and withdrawals take 3 days
  6. The minimum deposit is only $10, which is a huge plus in our opinion
  7. Bank wire is also available

The minimum deposits for bank wire start at $10, $25 and $100. They offer many options of net wallets including CasaPay, UKash, CashU, Skrill, Perfect Money, among others. The minimum deposit for net wallets starts at $5.

However, every service does not support all forms of currency for the trading account. The bank wire process takes longer than most and charges a fee of $25 and processing can take 3-5 days. During our Binary.com review, we tried to deposit the lowest amount as this is a unique feature amount binary options platforms. However later we deposited a larger amount so we could make uninterrupted trades.

Regent Markets in Malta is the company behind Binary.com.

Conclusion

We highly recommend this platform for both new and experienced binary traders. We hope you found our Binary.com review to be informative. We rarely find a platform this versatile and we encourage our readers to check out this outstanding platform.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Russian, Arabic, Indonesian, Portuguese, Chinese, Polish
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Early close: Yes
Expiry Times: 15 sec, 30 sec, 60 sec, 2min, 15 min, 30 min, 1 hr, 24h, 24 hr+, End of Day, End of Week, 30 days, 150 days
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, CashU, Ukash, WebMoney, Paysafe Card, Neteller
Withdrawal Time: 2 – 5 day
Demo account: Yes

Binary.com Review

Binary.com was one of the long-term binary options brokers, available on global financial market. Our Binary.com review revealed how they accept traders from South Africa and therefore, we decided to review their trading platform.

Binary.com initially appeared on financial market back in 1999 and are operated by the Binary Investments Ltd.

In this Binary.com review, we will take a closer look of the platform and trading instruments, which are available for traders in South Africa. For more details about this safe binary options broker, read further in our Binary.com review.

Binary.com Trading Platform

Our Binary.com review showed how this broker uses own proprietary software, which puts him in category of few binary brokers who offers their own software to registered traders. They enable traders to use a variety of trading tools and a selection of different underlying assets.

Traders in South Africa should know how Binary.com broker is a regulated one.

For Binary.com review, we learnt how required minimum deposit is low $5. Minimum investment is also just $5, while maximum is $100 000. Highest bonus is $150, while maximum payouts can go up to 100%.

Binary.com Trading Features and Services

Our Binary.com review revealed us how they offer a long list of trade options, combined with an exceptional list of different times of expiry. South Africans can choose whether they want to trade with following trade options: One Touch, High/Low, 60 Seconds, Boundary, Long Term and Touch Options.

Traders can select among short term and long term expiry times, covering trading within 15 s, 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and 150 days as maximum.

Traders can invest in different underlying assets, such as forex, commodities, OTC stocks, indices and volatility indices. Full list of assets can be found under Asset Index on the bottom of the website.

According to our Binary.com broker review, we noticed how they recently implemented mobile app, which is excellent news to all interested binary traders who are busy, but want to have access to mobile platform. This app is connected to both Android and Apple devices and can be used on tablets and mobile phones. Binary.com mobile app can be downloaded from App Store and Google Play.

On the other hand, they do offer demo account, which is an excellent news for inexperienced South African traders. When traders register on this platform, they will be offered with $10 000 of virtual money for safe trading.

Why we say safe? Because trading on Binary.com platform is risk free since traders don’t invest their real money but instead they get a chance to practice and test trading platform in order to have better trading results.

Another thing we came across Binary.com review is that they have implemented charts in real time, such as candlestick graphs and JAVA software, which enables traders to easily detect price range of chosen asset.

Our Binary.com review showed how they have prepared one of the best education section, together with blog. In Learning Center, South Africans can find training videos, including those related to different assets.

Also, traders can get more information about security tips, weekly market updates, glossary and FAQ. especially for new traders, Binary.com prepared tab called New to Trading? And education webinars to gain more trading knowledge.

Binary.com Customer Support

What we discovered in Binary.com review is that they offer assistance via several communication channels, such as: email [email protected] , live chat and phone for several countries worldwide. Binary.com also has offices in different countries (Malta, Japan, Malaysia and Isle of Man).

This way, traders can ask for help whenever needed and live chat showed as the quickest option, since support agent joined chat within seconds. Having good customer support is valuable to have since traders need to trust their broker, who will assist them achieve success while trading.

Also, this broker supports GameCare, an organisation which supports people with trading issues.

Our Binary.com review revealed how platform is multilingual and available on following languages: English, French, Spanish, Russian, German, Polish, Portuguese, Italian, Arabic, Indonesian, Vietnamese and Chinese.

Binary.com Banking Info

Traders in South Africa should know how registration on Binary.com is free, however deposit is required to start trading. Minimum deposit amount is $5, which is extremely low and also, attractive for traders to join and begin their binary trading experience.

They offer absolutely amazing list of deposit methods as we discovered in Binary.com review. It is important to keep in mind how selected payment method while depositing has to remain the same as when withdrawing.

Under Banking tab, traders can click on Cashier (to select payment option and upgrade to a real account) or on Payment Methods option.

Available deposit methods with Binary.com are:

  • Debit / credit cards: Mastercard, Visa and UnionPay
  • Bank wire: Western Union, Internet Banking, Internet Bank Transfer and Bank Transfer
  • E-wallets: Skrill Moneybookers, Neteller, OK Pay, FasaPay, Perfect Money, Moneta.ru, WebMoney, QIWI, Yandex.Money and PaySafe Card

With cards and e-wallets, deposits are instant, while withdrawal time depends on selected option, but is usually between 1-2 working days. Only via bank wire, withdrawal time can go up to 5 working days.

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.

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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

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

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