BinaryCent Review Scam or Legit broker

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Binarycent Reviews

18 • Average

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Reviews 18

Total scam

Total scam, terrible customer care. Do not open an account with them unless you want to lose your money. Their online chat robot asks for a tip ($1, $10, $50) for attending to your queries! They claim to process withdrawal requests within an hour, lies! I’ve been chasing my money for days. I’m lucky to have got out before I lost everything.

Video evidence of Binarycent Scam.

Shocking How this Scam Firm is able to operate.
I registered with them and initially was very impressed with the service and deposit handling. Within hours of registering I was able to start trading.
As long I was losing money everything was fine but as soon I started to make profit things started to open up. I managed to grow my account 3 to 4 times of my original account within few days but every time I would hit a level where I can start withdrawing profit something very suspicious started to happen in the actual trading system. The system started to force me lose trades.
Let me explain: In the binary options you look at the trends and guess if the price would rise or Fall. Once you are in profit what system will do is last second of the trade the system will show a huge drop or Rise in the price just to make you lose.
First few times I didn’t even notice this. Then over time I realised what was happening. As soon it became clear to I contacted customer support and sent them screen shots of evidence. This is where I realised they don’t have customer services team. They Only have sales teams who would help you deposit money but if you have any issues whatsoever they will not respond to you. I have over 17 emails and 9 live support tickets right now and not a single one of them got a response.
I know it’s hard to prove with just an email that the system is rigged, so I started to record videos of my sessions. When I lost over a $1000 in just one session I had recorded exactly how their shady system flips last second to make you lose.

Now I am looking for legal proceedings to recover my investment. The video evidence I have I will be sharing with legal teams and also on social media to expose this Scam Firm which uses Fraudulent methods to steal your hard earned cash.

not good and not portable

Honestly I don’t know how any of the…

Honestly I don’t know how any of the good reviews got on this site, all I can figure is they must work for the company because they are NOT a legitimate broker. I tell you this because I have seen them manipulate the numbers. They can control the numbers on their platform. With me it happened right after my first withdrawal request. All of the sudden I could not win a single trade! So, I compared their numbers to NADEX.They would match until my position came up, then the Binarycent numbers would change to make me lose. NADEX numbers would not change, only Binarycent. I lost a lot of money because at first I thought I was just having a bad day. It is virtually impossible to lose 20 trades in a row. thats when I figured it out. I hope this will save some other traders money

Straight forward, easy to work with.

Brilliant company to work with along with great colleagues who are always helpful. I am very pleased with the efficiency of the whole platform, it seems to run like clockwork – someone must be working hard in the back ground. Very pleased with the user friendly trading platform.

Great support

Great support, user-friendly platform, timely withdrawals. 5 stars.

Very pleased.

I am trading with them from the very start and getting payouts when I request, no problems. Highly recommended!! 5 stars.

Finally a broker I can trust.

As a professional binary option trader who trades daily and also teaches and mentors others in trading binary options I have tried many different brokers.
We have been using Binarycent for over 6 months now and I am delighted with them.
They offer fast execution of trades with rare rejections, excellent returns of 60-90% on a winning trade.
Accounts can be activated simply and easily via card or bitcoin. Their bonus scheme is fair and not onerous like most other brokers.
Withdrawals are quick and simple, funds are usually in my account within hours or at most the next day.
So far neither I or any of my clients have had issues that would stop me from recommending them.

Binarycent Review

Introduction

Licensed and registered in Vanuatu, Binarycent is a relatively new entrant to the trading market place and was founded in 2020. In addition to binary options, the broker also offers Forex and CFD trading. Their custom trading platform was developed and launched by a group of serious investors with many years’ experience in trading themselves.

The trading platform is available on both desktop and mobile with an app available on iOS and Android. It allows investors the chance to trade without having to download any sophisticated software. Expiry times are varied, and there are numerous accounts for differing levels of investors. Binarycent offer it’s options trading platform in many countries.

Best Binary Options Brokers 2020:
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    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
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  • Binomo
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    2nd in our ranking!

For those who are seeking a broker and have a particular interest in Binarycent, you may be wondering why this could be the one for you. Our extensive and detailed review will help. With information about precisely what they have to offer, bought to you by our team of experienced experts, our hard work means that you can make an informed decision.

In this review, you will learn:

    All the various accounts and expiry times on offer Deposit and withdrawal levels and the bonuses The special features that make Binarycent good

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

As with many brokers, there are different trading account types available for varying levels of traders. Whether you are a beginner looking to dip your toe and give options trading a try, or whether you are a more experienced, savvy trader, there is something for everyone. Each level of account brings with it additional features designed to maximise your binary options trading success and make it an enjoyable experience for all.

Bronze Account

For a deposit of just $250, bronze account holders can enjoy up to 20% bonus. What this means is that when you make your initial deposit of $250, you will have $300 to start trading. You will also benefit from 1-hour withdrawals, live chat support and the option to trade using a demo account so that you can get to grips with the platform before you start trading with your own real money.

Silver Account

A silver account is available to those that deposit $1,000, and this will attract a 50% welcome bonus. This bonus is added to your deposit and therefore gives you $1,500 to trade. You must trade this bonus a minimum number of times before it can be withdrawn. Additional benefits include live chat, 3 risk-free trades, a master-class web session and a personal account manager.

Gold Account

The next step up requires a deposit of $3,000 for which you will get all of the benefits of a gold account. Members who open a gold account will benefit from all of the features mentioned above but the bonus increases to 100%. The 100% bonus means that you can open an account with $3,000 which will automatically give you $6,000 to trade. Again, before you can withdraw it, this bonus must be traded a minimum number of times.

You may decide to start with a bronze account until you become more confident with both the broker and the platform and of course, your trading skills. As you become more experienced, you can choose to upgrade your account to benefit from even more account features.

Trade Types And Payouts

As with all brokers, the payouts available are essential when choosing where to deposit your funds. While some may make promises of 90%+ payouts, you should be expecting around 70-80% returns on your trades. Binarycent is more or less in that spectrum with payouts ranging from 65-85%. When it comes to the different trade types available one of the robust features of this platform is the expiry times offered:

Turbo Options

Turbo trades are those that are quick. Starting as low as 30 seconds rising to around 15 minutes, turbo options tend to be the most popular with beginners as they have a rapid turnaround and allow you to get used to trading very quickly.

We recommend that if you are going to start with turbo options that you exercise caution as, while it allows you to get used the platform and trading very quickly, it is also a speedy way to lose money if you don’t know what you are doing. They are an easy option to trade on the go from a mobile as they don’t require a lot of research and analytical tools.

Intraday Options

Intraday trading is more suited to the more experienced traders amongst you that know what they are doing and have some knowledge of the markets. They usually rely on several trades a day and an understanding of the stocks and their positions. It is an exciting proposition to see the value of the stocks increasing over the day, but you need to be vigilant as there can be things that affect the value of the stock that is often unforeseen.

Long Term Options

The long term options offered by Binarycent are up to 5 weeks. There are pros and cons to longer-term options. For a start, you have to have more patience. You can place your trades but you are going to have to wait longer to find out the outcome.

Long term trading does remove the emotion from trading though and means that you are not placing trades as a reaction to a lost investment to try and make your money back or to keep up a winning streak when you are doing well.

Binarycent ticks all of the boxes when it comes to their trading package.

Bonuses And Promotions

Bonuses and promotions can affect a trader’s decision when choosing a broker as they can offer you the opportunity to maximise on your investment and give you more money. Binarycent offers 3 different levels of bonus which connect to the account that you choose.

They range from 25% with a bronze account up to 100% with a gold account. You should understand that there is a minimum requirement for how many times you need to trade the bonus before you can withdraw it.

Mobile Trading

Users are often looking for mobile trading options so they can trade on the go and make time-sensitive decisions, even when they’re outside. If you are one of those traders who does not want to stay tied to their desktops for hours, you need a mobile trading platform.

The Binarycent trading app works on both iOS and Android smartphones and tablets. It allows customers to start trading with just a $10 deposit as a minimum. It allows 24/7 live video chat directly from the app. You don’t even need to switch out of the app for video chat. With the Binarycent mobile trading app, you can manage everything under the “same roof”.

You complete the account verification via the mobile platform itself. It shows complete transaction and trading history to help users make more informed decisions about your account.

The app also displays technical indicators on the chart to help you trade and analyse the financial markets. Logging in is easy, and you can register right from the app. It even facilitates account funding on connected brokers.

Deposits And Withdrawals

The minimum amount required to open an account with Binarycent is $250, but the minimum trade is just $0.10. The low entry point means that you can get a lot of trades for your money. There are many different ways to deposit with this particular broker including cryptocurrencies like Bitcoin.

When making a withdrawal, the funds get deposited back to the same method used to create a deposit, and the minimum withdrawal is $50. Withdrawals get processed in as little as an hour which is a strong feature of Binarycent.

Special Features

Many things make Binarycent stand out. As well as their very low minimum trades, they also boast a demo account, fast turnaround withdrawals and some turbo, intraday and long term options. They offer non-stop trading which means that you can trade around the clock, even on the weekend and you can talk to an assistant through live video chat. As a side note trades are made and displayed in cents as opposed to dollars.

Customer Support

We have already mentioned that the broker offers live video chat for those who want to chat with someone that they can see. The live chat will automatically pop up when you arrive at the site which you can minimise until you need it. They also offer all the usual support methods as well including phone and email.

There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.

Here are the contact details for Binarycent:

    Email – [email protected] Phone – +182 994 76393 Address – Finance Group Corp, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu

Conclusion

Binarycent, while a fairly new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. Benefits include a good mobile trading platform, welcome and deposit bonuses and a good support system.

There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binarycent legit, will they scam me?

Binarycent is registered with a financial services license in Vanuatu. Their customer service team is accessible should there be an issue.

Do they have a decent mobile or tablet app?

In addition to their site is optimised for mobile devices, they also offer a mobile app. The mobile site is easy to navigate and easy to use.

What bonus do they offer new traders?

There are several accounts available, each of which attracts their level of bonus starting at 25% with a bronze account and rising to 100% with a gold account.

Can I start trading on a free demo account?

A demo account is free to use for those who open an account with Binarycent. While you do need to deposit funds to open an account, you don’t need to spend them to use the demo platform.

What’s the minimum deposit and trade amount?

There are three levels of deposit depending on the level of account that you open, but the minimum is $250. Trading on this platform is in cents with the minimum trade being $0.10 which is very low.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

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Consumer Reviews

Service use: Other

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

mi madre invirtió en este broker una cantidad de 10.000 dolares, hace mas de un mes ella esta gestionando su retiro y no le hace evoluciona del dinero, solo dicen que no pueden devolverlo.

no recomiendo para nada este broker, primero por que hasta la fecha no a devuelto un centavo y segundo si empieza a devolver no justifica la cantidad de tiempo para devolver los capitales.

my mother invested in this broker an amount of 10,000 dollars, more than a month ago she is managing their withdrawal and does not make you money, just say they can not return it. I do not recommend this broker at all, first because to date it has not returned a penny and second if it starts to return does not justify the amount of time to return the capital.

I wish I could give negative stars. I deposited 10,000 usd worth of bitcoin to use their platform after a few trades we realized their platform was not well done so we requested to withdraw our funds. That was 4 months ago. It is a 100% scam. They replied a few times saying they were working on our request but eventually quit responding.people answering the phone say they can’t do anything, and say theyll have someone call you back. they never do.

Stay away at all costs! It’s a 10K dollar lesson.

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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