Binary.com Broker Review 2020

FairBinaryOptions Broker Certificate
  • Min. Deposit $5
  • Max. Payout 100%
  • Min. Investment $5
  • Mobile Yes
  • Software Proprietary
  • LiveChat Yes

Binary.com is not a stranger to the world of online trading. Having emerged from the evolution of a number of online gaming and trading websites and is considered on of the best binary options brokers. This regulated broker has been able to acquire expertise that has so far earned a solid reputation in the online trading industry.ย  In the EU, this broker is operated by Binary Investments (Europe) Ltd, Malta, whereas outside the EU, is operated by Binary (SVG) LLC, St. Vincent and the Grenadines. In our Binary.com broker review, we bring you a comprehensive overview of the available accounts types, trading software key features,ย  as well as relevant banking and customer support information.

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  1. Binary.com Account Features

    Binary.com’s unique trading platform offers a wide range of tradable products. Its versatility and user-friendliness allows you to enable various binary trading strategies. Its versatility and user-friendliness attract thousands of users from all over the world.ย  The platform allows flexibility of the choice of tradable products while also providing real-time charting capabilities. These features are crucial during trading as they enable users to have excellent, multiple trading experiences.

    The candlestick chart is the most widely used in trading. The reason for this is not far-fetched: it allows traders to operate numerous awesome tools for technical analysis. Consequently, they can easily monitor price moves. It is, therefore, some good news that Binary.com supports it, and more.

    Binary.com App & Mobile Trading

    You can trade from mobile phone on the go with the free Binary.com app. It is important to state that Binary.com also makes educational opportunities readily available for its clients. The broker provides these in varied forms which range from webinars to text. Thus, even if youโ€™re a newbie, with its tons of highly-useful educational resources, you can easily fast-track your journey towards becoming a pro. The essential binary options trading education you can get by reading the step by step guide offered for free using this binary options training guide.

    However, before you jump at any of the trading plans, we recommend you first try it out on a Virtual binary options demo Account. The way you trade is carefully described in our article called: Fundamentals of binary trading – a binary options 101.

  2. Binary.com Trading Software

    There are additional features embedded with the charts to help traders in making their buying and selling decisions. As a result, they are trained to be able to develop and employ numerous technical abilities in their trading career. These abilities can easily be carried over to almost every other field of human endeavour!

    Binary.com MT4 & Metatrader5

    If there is one thing that needs more commentary about Binary.com, it is its trading platform. In addition to MetaTrader 5, the broker has its in-house trading platform via which its clients can trade numerous financial assets besides binary options. Also, Binary.com understands that it is not just about trading; it is about analysis, too. So, it ensures its platform is equipped with state-of-the-art analysis tools. You can buy ready made binary options robot software online that you can use to give you trading signals in Metatrader4 based on various indications such as bollinger bands and many more.

    Furthermore, Binary.com provides different types of binary options. Altogether they are five, which are:

    For example, do you think a financial asset will go up? You choose the Rise button. If you think it will come down, you choose Fall. To make this easy, the broker has a clearly-displayed Rise/Fall function enabled on its platform. Higher/Lower Binary Options enable traders to benefit from market situations when the price ends up higher or lower than a targeted price.

    For Touch/No Touch trades, the price just has to hit your target price or not for you to win. Stays In/Stays Out and Ends In/Ends Out are advanced and therefore not so popular with binary options traders. As a result of these different types of binary options trades, you are always empowered with the choice to pick from different styles whenever you trade with Binary.com. Recently, the broker also started an Asian contract plan that further simplifies trading and opens up more opportunities.

    Called Asian & Digits, the plan allows the terms of any trade you take to change. For example, if the market falls immediately you take a Rise position, the terms will also correspondingly drop to give you a better chance of winning the trade. Important to know the difference between itm and otm meaning in finance.

    Binary.com has evolved over the years to become a broker that supports over 60 assets via its trading platform. The assets are grouped in 5 categories – Forex, Indices, Commodities, Cryptocurrencies and Synthetic Indices. There are Major, Minor, Smart Forex Indices which include AUD, EUR, and GBP Indices. Some of the currency pairs supported also include EUR/USD, AUD/JPY, GBP/NOK, and many more. In addition to these, the commodities and cryptocurrencies that the broker offers help to ensure that its clients always have a huge library of financial asset choices to trade!

    Is Binary.com good or bad?

    We can definitely say that our binary.com review is positive and that the binary.com experience is great without customer complaints. Binary.com being a regulated entity in Europe is making it a better broker than most of its competitors. If you are looking for alternatives to binary.com then here is a small list of examples that we recommend and that never has been on our binary options scams blacklist:

    ๐Ÿ‡ง๐Ÿ‡ท๐Ÿ‡ง๐Ÿ‡ท Open a free demo account by reading our exclusive IQ option review ๐Ÿ‡ง๐Ÿ‡ท๐Ÿ‡ง๐Ÿ‡ท

    ๐Ÿ‡ฉ๐Ÿ‡ช๐Ÿ‡ฉ๐Ÿ‡ช Germans should read our 24option review ๐Ÿ‡ฉ๐Ÿ‡ช๐Ÿ‡ฉ๐Ÿ‡ช

    ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ US traders have one great regulated broker. Check our Nadex review ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ

    ๐Ÿ‡ฟ๐Ÿ‡ฆ๐Ÿ‡ฟ๐Ÿ‡ฆ Never experience problems with the mobile OlympTrade app ๐Ÿ‡ฟ๐Ÿ‡ฆ๐Ÿ‡ฟ๐Ÿ‡ฆ

    Your capital is at risk
  3. Binary.com Support Information

    Binary.com provides every form of support service for its clients. In fact, the broker goes beyond offering technical and operational support just for binary options traders. With its gaming license, it also helps many users to overcome their gaming addiction. To do that, it has partnered with GamCare, an organisation also committed to a similar cause. You can reach the brokerโ€™s support service via multiple channels such as:

    • Live chat
    • Email
    • Phone, and
    • Call-back System

    Notably, Binary.com has dedicated lines for its clients from Asia and Europe to cater to the difference in time zone. Besides, there are other lines via which anyone can get in touch with the broker to make general enquiries and report any glitch. The team works hard to resolve every complaint in no time.

    Your capital is at risk
  4. Binary.com Payment Methods

    Binary.com makes it easy for its users to deposit and withdraw from their trading accounts. In fact, the broker makes both processes as simple and seamless as possible. Little wonder that there are multiple choices, with options such as credit/debit cards, wire transfer and electronic wallets. Deposit minimum is just $10 (even $5 for some deposit methods). For wire transfers, however, the required minimum deposit ranges from $10 to $100. Along with credit /debit cards and wire transfers, many e-wallets are supported, such as Neteller, Jeton, SticPay, Perfect Money, Skrill, and others. All these options are ensuring you get a great binary options payout experience and won’t have to worry about the speed and safety of the funds being processed by Binary.com.

    Binary.com Withdrawal

    Banking with Binary.com is simply – hassle-free.

    Two important considerations you should make before you settle for any of the methods are the processing time and fee. For instance, with cards, deposits are immediately processed while withdrawals, however, can take up to 3 days to be effected. With bank wire, transfers are slowest, not unusually taking up to 5 days to be processed.

    The supported methods also attract varied transaction charges. For example, a fee of $25 is deducted on every bank wire transaction. Also, not all currencies are available for every payment option. We, therefore, recommend that you first enquire with their customer support service team before you choose.

     

  5. Your capital is at risk
Binary (IOM) Ltd.
Binary.com is regulated by MGABinary.com
is regulated by
MGA
Reg no.: CL2/118/2000