Binary.com review offers an internet-based binary options platform and CFD platform (MT5) which is owned and operated through the Regents Market Group. The platform lets you trade online on financial markets that include forex and cryptocurrency markets. Our review will provide all the information details you require to be aware of about the platform before you sign up for an account and begin trading.
It was not until the year 2013 when BetonMarkets.com was transformed into Binary.com from the company that owns it, in order to be the leader in a plan of expansion to take a larger share of the market for financial trading.
Today, with the headquarters located in Malta located at Mompalao Building, Suite 2, Tower Road, Msida MSD1825. Binary.com continues to serve over one million customers across the globe.
The company has since extended by adding satellite offices to Malaysia and Japan and Japan. The platform is also being designed to support MT4 along with MT5 integration.
Regulation & Reputation
Regarding its standing, Binary.com is an award successful platform. Through the years the platform has received many awards from top reviewers from the financial sector.
These awards testify to the top-quality service that Binary.com has offered over time, to its customers.
It is important for the traders to know they have an authorized and licensed broker.
For regulatory oversight, Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156.
In the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.
The platform was also granted an Remote Bookmaker’s licence by the Revenue Commissioners in Ireland.
It’s interesting to consider that Binary.com offers its clients a broad selection different trading options. The platforms for trading are classified as (1) fundamental platforms as well as (2) more advanced ones.
There are two kinds of platforms that are basic, the Binary.com platform as well as Binary Tick Trade App. Binary Tick Trade Application. Both platforms are utilized for trading binary assets, and are specifically designed for trading on mobile devices.
In terms of the most high-tech trading platforms and software Binary.com offers the following features:
- MetaTrader 5 is the MetaTrader 5 platform is for CFDs or forex trading
- The Binary WebTrader is an advanced trading in binary options
- Binary Next-Gen platform is the Binary Next-Gen platform, for the most advanced features in trading
- It is the Binary Bot platform is designed to facilitate automated trading in binary
As we mentioned as well, as mentioned earlier, the Binary Tick Trade app is specifically created for traders who want to move around and not be tied to their computer terminals for trading.
The app is for free and can be downloaded through Apple App Store and Google Playstore. With the application traders can monitor their account’s status in trading and also perform trades.
Trading Accounts Available
Regarding the type of trading platform accessible on Binary.com The broker offers two kinds of accounts that can be used for trading the market: a traditional trading account as well as a virtual account.
The demo or virtual account is essentially a trial account, which is loaded with $10,000 in virtual cash. It allows novice traders to explore trade platforms as well as strategies without risking any real cash.
It also offers an instrument for advanced traders to conduct back tests of the theories and strategies of trading.
If you’re confident enough to live trading, you are able to start a regular trading account. Contrary to most binary options brokers that require the deposit of at least $250 to start accounts for live trading, Binary.com only require a minimum deposit of $5, making Binary.com much more affordable.
The process of registering for an account is easy and easy. If you’ve already signed up to use a demo account, the process of changing it to a virtual one to the regular account is even more simple by a simple mouse click.
The MT5 account provides CFDs on cryptocurrency, forex as well as a variety of different financial markets. The metatrader 5 platform an exciting addition to the existing offering. It will go into operation in the spring of 2019.
The software is thus modern and offers a lot of the features that modern traders want. Limit orders, stop loss advanced charting, testing trading strategies as well as one-click trade.
The MT5 platforms have been tweaked recently and included names that reflect the new features the activities of each account.
Thus, the ‘Standard’ account was changed to ‘ “MT5 Financial The advanced account became ‘ MT5 Financial STP‘.
The Synthetic MT5 Indices is now simply ‘ MT5 Synthetic‘.
The meta-trader service offered by Binary.com is continuously upgraded and enhanced. This is a distinct segment of the company.
Presently, Binary.com are not offering any kind of free trade, or no deposit bonus.
Assets & Instruments
On Binary.com traders can trade CFDs and also four kinds of binary options, including Up/Down, Touch/No-Touch, Stay In/Out, and End In/Out.
For the list of underlying assets that are available you can choose from a selection from 114 distinct kinds of assets. They include 30-currency pairs four-currency indexes 28 market indices 40 different types of stocks five types of commodities, and seven kinds of market volatility indices.
With the addition of MT5 platform broadens the range further.
To ease the lives of their customers, Binary.com has translated their website into more than a dozen languages. For customer support traders can get in touch with their support team via live chat.
The full information can be found in the Contact Us page on this web site.
Deposit and Withdrawal
For payment methods that are accepted by Binary.com There are a lot of options. It is possible to use the most popular credit cards like VISA, Mastercard. Additionally, you can invest in your trading account with electronic wallets like Skrill as well as Neteller.
You can also add funds to your trading account using online exchanges like Western Union. For traders who do not have access to a convenient internet connection the funds can be transferred via wire transfer.
Cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin and Ethereum are also accepted as the place for fiat currency. When it comes to withdrawals, the entire withdrawal process can take between 1 and five business days to complete dependent on the method chosen.
How to Trade
Binary.com offer an unique platform that’s distinct from all other screens for trading. We offer an “How to” guide, taking you through the steps of trading.
Below is a picture of the standard view for trading on Binary.com. The currency of choice is AUD/JPY. The type of trade is Rise/Fall. The price information is included.
There are also “purchase” buttons to the right side to sign the contract.
- Higher – The Exit price, or closing price, has to have to be greater that the price at which you entered or the starting price to be successful.
- Lower – The Exit price, or closing price must have to be less than the entry price or beginning price to be successful.
This is the amount at which when the contract expires. This is determined via the length setting. This could be configured to hours, ticks, minutes or even days.
Once the trade has been established as per the requirements the trade can be opened in any way, and with the appropriate duration. After the purchase the contract is in effect until the date of expiration. Be aware of payments, as they fluctuate depending on the volatility of the market and other factors that affect price.
Is Binary.com the best choice For Day Trading?
For the day trade, Binary.com is a suitable platform because of it being able to offer an time to expire for binary options could be as little as two minutes. The huge returns also aid in justifying the trading risk involved in trading binary options.
The offerings by Binary.com’s website Binary.com site include binary option and contracts for differences (“CFDs”) and various other complicated derivatives. The trading of binary options might not be appropriate for all. CFD trading comes with a significant level of risk because leverage can work to your advantage and against you. Therefore, the CFDs offered on this website might not be appropriate for all investors due to the possibility of losing all of the capital you invested. It is best not to invest money that you can’t afford to lose, and you should never invest in borrowing money. Before trading in the intricate products that are offered, be certain to be aware of the potential risks.
Binary.com allows traders to trade who are from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar and many other countries.
Traders are not able to utilize Binary.com from the United States, Malaysia, Hong Kong, Iran, United Arab Emirates.