Binary.com – Info in 2020, review and forum, alternatives

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Binary.com

Risk Warning: Your capital is at risk. 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. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

OlympTrade

Risk Warning: Your capital is at risk. In the European Economic Area, binary options are only for professional investors. Unqualified customers must leave this website.

Minimum Deposit $15/€ Minimum Trade $1/€ Maximum Trade $200/€ Demo account – Payment methods
  • Bank wire
  • Credit cards
  • Neteller
  • Qiwi
  • WebMoney
  • Yandex.Money
Account currencies
    BRL · EUR · RUB · USD ·
Languages
    English · Arabic · Bengali · Spanish · Farsi · French · Hindi · Indonesian · Japanese · Korean · Malay · Portuguese · Russian · Thai · Tagalog · Turkish · Urdu · Vietnamese · Chinese ·
Countries
  • UAE
  • Australia
  • Bangladesh
  • Canada
  • Cyprus
  • Egypt
  • UK
  • Ireland
  • Indonesia
  • India
  • Kenya
  • Sri Lanka
  • Malaysia
  • Nigeria
  • Philippines
  • Pakistan
  • Saudi Arabia
  • Singapore
  • Thailand
  • United States
  • Vietnam
  • South Africa …
  • Broker authorized | Clients accepted
  • Broker not registered | Clients accepted
  • Broker not registered | Not available
Rating

Risk Warning: Your capital is at risk.

Alternatives

Forum, user reviews and feedbacks

Alternatives

Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. In the European Economic Area, binary options are only for professional investors. Unqualified customers must leave this website.

The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Australia · Belgium · Canada · France · Israel · Japan · Latvia · New Zealand · Turkey · United States ·

Binary.com Review and Tutorial 2020

Go to the Brokers List for alternatives

Binary.com Facts & Figures

Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

Awards
• Best Binary Options Broker 2020 – DayTrading.com

Binary.com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types

Cryptocurrency Trading is available via CFDs on the MT5 binary.com platform

Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain the most trusted brand in the binary sector.

Instruments CFD, Forex, Crypto, Binary Options, Stocks
Demo Account Yes
Min. Deposit $5
Min. Trade $1
Regulated By MGA
MT4 Integration Yes
Mobile Apps iOS, Android
Auto Trading Binary.com offer a self build robot feature to design, test and implement automated trading strategies
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt var
GBPUSD Spread 1 pip var
Oil Spread 3 pips var
Stocks Spread
Forex
GBPUSD Spread 1 pip var
EURUSD Spread 0.5 pip var
EURGBP Spread 1 pip var
Assets 45+
Cryptocurrency
Spread BTC 2%, ETH 3%
Coins BCH, BTC, ETH, LTC, XRP
Binary Options
Payout Percent 91%

Binary.com is an online binary options and CFD trading platform (MT5) that is owned and managed by the Regents Market Group. The platform allows online trading on the financial markets, including cryptocurrency and forex markets. Our review details all you need to know before you open an account and start trading.

It was only in 2020 that BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to capture a bigger slice of the financial trading market.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Today with the company’s head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Binary.com has grown to service more than one million clients from all over the world.

They have since expanded to include satellite offices in Malaysia and Japan as well. The platform has also been developed to include MT4 and MT5 integration.

Regulation & Reputation

In terms of its reputation, Binary.com is an award winning platform. Over the years, the platform has won numerous awards from major reviewers in the financial industry.

These awards are all testaments to the first class service which Binary.com has provided over the years, to its clients.

In addition, it is also reassuring for traders to know that they are dealing with a legitimate and regulated broker.

In terms of 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.

On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.

The platform has also been issued a Remote Bookmaker’s license by the Revenue Commissioners in Ireland.

Binary.com MT5 Trading Platform

Trading Platforms

It is interesting to note that Binary.com is able to offer its traders a wide selection of trading platforms. The trading platforms are categorised into (1) basic platforms and (2) advanced platforms.

Basic Platforms

There are 2 types of basic platforms, the Binary.com platform and the Binary Tick Trade App. Both these platforms are used for trading binaries with the latter designed specifically for mobile trading.

Advanced Platforms

As for the advanced trading platforms and trading software, Binary.com has the following:

  • The MetaTrader 5 platform, for CFDs and forex trading
  • The Binary WebTrader, for advanced binary options trading
  • The Binary Next-Gen platform, for advanced trading features
  • The Binary Bot platform, for automated binary trading

Mobile Trading

As mentioned earlier, the Binary Tick Trade app is specifically designed for traders who need to be mobile and not be glued to their desktop trading terminal.

The app is available free of charge and can be downloaded from Apple App Store and Google Playstore. With the app, traders can check their trading account status as well as execute trades.

Trading Accounts Offered

With regards to the type of trading platform that are available at Binary.com, the broker only has two types of trading accounts to offer, a standard trading account and a virtual account.

Virtual Account

The virtual or demo account is basically a practice account that is preloaded with $10,000 virtual cash. It allows beginner traders to test out the trading platform and trading strategies, without having to risk any real money.

It also provides a tool fr advanced traders to back test trading strategies and theories.

Standard Account

Once you are confident enough to begin live trading, you can open a standard trading account. Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible.

The account process is simple and hassle free. If you have already registered for a demo account, the process of converting it to a virtual account to the standard account is even easier with just a click of the mouse.

MT5 Account

The MT5 account delivers CFDs on forex, cryptocurrency and a range of other financial markets. The metatrader 5 platform is a new addition to the offering, going live in the summer of 2020.

The software is therefore cutting edge and delivers many of the features modern traders need. Stop loss, limit orders, advanced charting, trading strategy testing and one-click trading.

Binary.com Account Comparison

Bonus

At present, Binary.com are not offering any form of free trade or no deposit bonus.

Assets & Instruments

At Binary.com, traders can trade in CFDs as well as 4 types of binary options such as Up/Down, Touch/No Touch, End In/Out and Stay In/Out.

As for the list of available underlying assets, there is a choice of 114 different types of assets. They consist of 30 currency pairs, 4-currency indexes, 28 market indices, 40 types of stocks, 5 types of commodities and 7 types of market volatility indices.

The addition of the MT5 platform expands the offering further.

Advanced Charting At Binary.com

Customer Support

For the convenience of their clients, Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through email or by calling them directly on the telephone.

Contact numbers vary based on trader location. The correct details can be found on the ‘Contact Us’ area of the website.

Unfortunately, we noted that live chat support is not available which puts Binary.com at a disadvantage, when we compare the broker with other brokers in the industry.

Deposit & Withdrawal

As for the payment methods that are supported by Binary.com, there are plenty of choices. You can use major credit cards such as VISA, Mastercard. Alternatively, you also fund your trading account through eWallets such as Skrill and Neteller.

You can also fund your trading account through online exchanges such as Western Union. For traders without convenient access, funds can also be transferred through wire transfer.

Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum are also accepted in lieu of fiat currencies. As for withdrawals, the whole withdrawal process takes between 1 to 5 business days to be completed depending on the method used.

Is Binary.com Best For Day Trading?

As a platform for day trading, Binary.com is a suitable platform due to the fact that the expiry time for binary options can be as short as 2 minutes. The high returns offered also help to justify the trading risks involved in trading binaries.

Accepted Countries

Binary.com accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Binary.com from United States, Malaysia, Hong Kong, Iran.

Does Binary.com accept US Traders?

No. At present, Binary.com does not accept traders based in the US. Visit the brokers page for a list of brokers who accept traders from your region.

Does binary.com offer trading on the Nasdaq?

Yes. Nasdaq is listed as ‘US Tech 100’ under the indices list. The minimum time frame that can be traded with binary options is 15 minutes. CFD trading is also available via the MT5 platform.

Is there a mobile app?

Yes. Mobile trading is available via the ‘Tick Trade’ android app. SmartTrader is also available on Mobile.

Does Binary.com have MT4

Yes. Binary.com offer MetaTrader integration. Traders need to open a specific account to access the MT4 and MT5 platforms.

Is hedging allowed?

Yes. Binary.com offer both binary options and CFD trading depending on your region. Both can be used to hedge other trades. Payouts between the investment types vary of course, so ensure you understand the potential payouts of each trade if hedging is your aim.

Is Binary.com a trusted, regulated broker?

Yes. Binary.com have been in business since 1999. That longevity in the financial marketplace is a sign of solid customer satisfaction. They are also regulated and licensed by:

  • VFSC (Vanuatu)
  • FSC (British Virgin Islands)
  • IBFC (Malaysia)

What is the minimum deposit requirement to open an account?

The minimum deposit requirement to open a trading account at Binary.com is $5. To open advanced and MT5 accounts, you first open a standard account, and then apply for higher levels. This does not require any additional deposits.

How fast are withdrawals processed from Binary.com?

The typical processing time for a withdrawal request to be processed is one business day. However, it may take as long as 5 business days for the funds to appear in your bank account.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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How To Start Binary Options Trading 2020
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