With new binary options brokers constantly appearing on the market, Binary.com is one of the brokers which have a long-standing presence, since 1999.
Binary.com has been regulated by MGA (Malta Gaming Authority) with a license number MGA/CL2/118/2000.
Our Binary.com broker review shall strive to outline the key aspects concerning this broker and in doing so assist brokers around the world who are looking to start binary options trading with an interesting and reliable broker.
Binary.com minimum deposit is incredibly low and is only $5. Minimum deposit is set at the same amount, and is also $5.
$100,000 is the max. amount traders can invest in a single trade with maximum returns going all the way up to 100%. With Binary.com max. bonus is $150.
Currencies traders can use with Binary.com are USD, EUR, AUD and GBP.
Binary.com does not accept traders from USA, Hong Kong and Costa Rica.
Binary.com Trading Platform and Features
In compiling our Binary.com broker review, we discovered this broker uses a proprietary platform which means that traders worldwide have the opportunity to trade on a software which has been designed especially for this broker.
Simplicity is one of the things that marks Binary.com platform and traders should find navigation around it straightforward and easy.
Interestingly enough, Binary.com offers several different trading platform each embedded with specific features. Traders can choose between basic and advanced platforms with specific details given in their Platforms Tab.
Binary.com offers several different trading options and the following are on disposal:
- Touch/No Touch
An extensive list of expiry times is available and those start at only 10 and 15 seconds and go over 30 sec, 60 sec, 15 min, 1h, 24h, 24h+, to more lengthy periods of End of day, End of Week, 30 Days all the way to 365 Days.
Our Binary.com broker review also found that there is a fine selection of assets available and those are: Forex, Indices, OTC Stocks, Commodities and Volatility Indices. In order to learn all details traders can consult Asset Index.
Furthermore, traders which decide to do binary options trading with Binary.com will be pleased to learn that a virtual or demo account is also available to be used for the purpose of practicing before the real binary options trading takes place.
With Binary.com traders have the opportunity to use the demo account which has $10,000 of virtual funds. Traders can use it to place trades and in doing so practice and gain valuable knowledge as well as experience. The benefit of using demo account is in the fact that traders don’t face the threat of losing funds since those are virtual.
Keeping pace with the trends prevalent on the market, Binary.com mobile app is another trading option global traders can take. Binary Tick Trade App is the perfect solution for busy traders since it enables fast trading on the go. By using this app, traders around the world can take advantage of various profitable trades.
Binary.com mobile app may be used on iPhone and Android mobile devices respectively. Mobile app is completely free and can be downloaded from App Store and Google Play.
Binary.com also offers another great tool – TradingView, which provides traders with technical analysis and powerful charting alongside with overlays, price bands and a whole range of indicators.
Finally, as we went researching their platform for our Binary.com broker review, we were also quite pleased to find that they have an extensive amount of educational materials.
Those can be fund under “Get Started” tab which contains many useful sections which explain and introduce traders to various useful aspects of binary options trading.
Traders worldwide can benefit greatly by browsing these materials and in combination with using demo account, may prove as a great initiation to binary options.
Additionally, traders ought to also read Terms and Conditions document as well as other which can be found under the “Legal” tab.
Binary.com trading platform is multi-lingual and as such supports languages such as: English, German, Spanish, Indonesian, Italian, Polish, Portuguese, Chinese, Polish, Vietnamese, French and Russian.
Binary.com Customer Support Service
Having a reliable customer support service is always linked with a reliable broker which is why we also closely inspected this segment in Binary.com broker review.
With this broker traders are presented with several means of communication.
Live chat is the quickest option and traders only need to click on the orange Live Chat icon and a form will appear in which traders have put in their name and email address as well as their question.
Apart from that, it is also possible to use an email [email protected] or, alternatively, to opt for a phone communication.
“Contact Us” section can be located at the top of their homepage and there traders can find phone numbers for several countries around the world.
Binary.com Banking Information
In our Binary.com broker review we have also found out registration is free but, in order to begin the trading process, traders have to make the minimal deposit, which is only $5.
As far the payment methods are concerned, all information may be found in the “Banking” section, in Cashier where all payment methods are listed.
As expected, traders have the choice between bank wire, credit/debit cards and e-wallets.
Before they settle for a specific payment method and a currency, traders need to be certain in their choice since the method and currency selected for deposit has to be retained during the withdrawal process as well.
- Debit/credit cards: MasterCard, Visa and UnionPay
- E-wallets: Skrill, Neteller, MonetaRU, WebMoney, Qiwi, Yandex.Money, Paysafe Card, Perfect Money, OK Pay and FastPay.
- Bank wire: Internet Banking, Western Union, Internet Bank Transfer, Bank Transfer
With Binary.com global traders do not have to submit any further documents in order to carry out the withdrawal process, which is understandable since this broker only deals with first-rate banks. Also, all client funds are kept in segregated account.
Depending on the payment method selected, waiting for the funds after the withdrawal has been approved, can take from 1 day up to 5 days.
Withdrawal fee will be charged for bank wire transfer and the fee is set at $25.
In Cashier section traders can find precise details pertaining to each payment method.