Tips for selecting a reliable platform for online trading

BINARY ONLINE REVIEW
10 min read
22 February 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Tips for selecting a reliable platform for online trading

10 min read
BINARY ONLINE REVIEW
22 February 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Online trading is on its rise nowadays. But this activity is associated with a big risk. You can either make good money or lose all your funds. So once you are ready to start trading, the first or foremost task is to find a reliable intermediary that will provide access to financial and stock markets. In this article, we offer binary online review of one of the oldest brokerage platforms – Binary com. This licensed company has extensive experience in providing services for traders and managed to attract over a million of active users.
Drift on mobile devices
Drift on mobile devices
Deriv (formerly known as Binary.com) on different platforms

About broker

Binary.com company review will not be complete without a short walk through its history. Binary.com started its activity in the financial markets more than 20 years ago. The story started in 1999, when Regent Markets received over $2 million for organizing an online financial trading service. In 2000, they registered a BetOnMarkets site in Malta. This platform quickly gained popularity for offering financial trading with fixed odds. Step by step, the company is receiving licenses and certificates allowing its activity in other countries of the world. The platform services became very popular, and in 2012, the amount of all trades reached $ 1 billion. Moreover, in the period from 2007 to 2012 the site received many prestigious awards for being the top options trading resource. In 2013, the broker went through a rebranding process and reentered the market as Binary.com. Renovated platform managed to be approved by several regulators and founded subsidiaries in Japan, Kuala-Lumpur, Labuan, India and other locations.

In 2019, the broker launched a new product - Deriv.com/ it is the next generation online trading platform. Binary.com and Deriv have concluded 200 million deals for over USD 2 billion in annual turnover for today. More than two decades of successful operations allowed Binary com to become one of the most reputable binary brokers in the world with exclusive trading conditions for all levels of traders. Keep reading this Binary online review to learn its trading nuances and advantages for traders.
Deriv Home Page
Deriv Home Page
Deriv Home Page (formerly Binary.com)

Regulation

The broker works in the legal field and guarantees clients the transparency of payments. Company's commercial activities are regulated by competent structures:

  • The Labuan Official Authority.
  • The Financial Regulator of the British Virgin Islands.
  • The Vanuatu regulating authority.

The parent company of the broker is Binary Limited, based in Malta. And in addition to the above-mentioned regulators, the broker's activities are controlled by the current laws of Malta. Having all these licenses, the Binary.com broker is fully entitled to provide services in the binary online trading industry at the international level.

Official Site

Let us review broker Binary.com site. It is a multi-language website with all the necessary information for beginners to start online trading. The resource is represented by clear sections devoted to company presentation, education, explanation of deal mechanism, affiliate programs and platforms. Even if you have zero experience in online trading, the site will skillfully guide you through the most important things, terms, and processes.

The lowest deposit on Binary.com is only $5, and the price of one option starts at $2. You can buy any number of options with an expiration period from 10 seconds to 1 year. Traders have the opportunity to multiply their wins when making deals for certain amounts.

Every trader on Binary.com gets the opportunity to double their bet if they see a definitely winning situation. If necessary, you can find both paid and free trading signals on the site, which will help you build effective strategies when working with binary options. Also, analysts of Binary.com help their customers to navigate better the financial situation in the world and provide daily and weekly updates on the latest economic news.

To get full access to the www binary. com, you have to register on the site. For this, it is enough to state your email and create a password. You can also sign in via your social media network accounts. A demo account for virtual money opens immediately after a quick account registration and does not require a deposit. Binary.com broker works with all popular payment systems, including e-wallets.

The platform offers 24/7 online support in 12 languages.
Official site of Binary.com (now Deriv)
Official site of Binary.com (now Deriv)
Official site of Binary.com (now Deriv)

Trading Conditions and Assets

The broker offers its clients more than one hundred assets to choose from for making trades. Their main types are: cryptocurrency, commodities, stocks, indices, currencies, options. Binary.com is constantly expanding the number of trading assets, which is convenient for traders who are accustomed to making money on exotic instruments. On weekends, you can work with volatility indices. The platform offers attractive trading conditions:

  • The minimum deposit is $5;
  • The minimum deal is $1;
  • The profitability of options trading reaches 100%;
  • The expiration time is from 10 seconds to 365 days
  • More than 160 assets for trading.
Terminal web Deriv
Terminal web Deriv
Deriv Web Terminal (formerly Binary.com)
According to binary trading reviews, one of the main advantages of the company is its built-in trading robot Binary Bot. While other binary options brokers prohibit automated trading, Binari.com allows you to legally trade using advanced software that is regularly updated and improved. A trading robot for binary options is built into the platform, therefore it guarantees fast opening of trades.

All financial market quotes come from the interbank market. For this reason, the broker does not employ liquidity providers. Quotes are provided to all market participants exactly the same, regardless of the balance or status of the client.

Types of Options

It is worth mentioning in our Binary com review the range of options offered by the broker. The platform is rightfully considered a leader in a variety of options contract types:

High/low. It is the most common type of options. To make a profit, a trader should determine the direction of development of the asset value during the expiration period. Depending on the chosen financial instrument, the income can reach 95%.

Touching. To open a deal, you will need to set a limit and make a forecast whether the price will reach the set value or not. The maximum potential profit is 100% of the investment.

Inside / outside. Before buying a contract, a trader should set a price corridor and indicate whether the price will remain within the specified range during the expiration period or l overcome one of the preset levels. The potential profit can be up to 140% of the deal amount.

Asian. It is an analog of turbo options. Actually, these are classic options. You just need to correctly predict the direction of price movement during the expiration period. Depending on the selected asset, the potential profit reaches 100% of the investment amount.

Digital. This is a rare type of binary contract that is currently only offered by Binary. The potential profit can be up to 1000% of the investment amount.

Lookback. It is another unique type of binary contract that can be traded only on the Binary platform. The investment amount is set by the broker and does not exceed 10% of the deposit. Upon successful completion of the contract, the payment is equal to the amount of the investment.

Spread. When choosing this type of options, receiving a payment is possible in 2 cases - if the value of the asset at the time of expiration is equal to the entry quote and if the price of the financial instrument as a result of the execution of the contract will be higher / lower than the entry quote (depends on the forecast made by the trader)

Highest / lowest tick. It is a unique type of binary contracts with high payouts that reach 250% of the investment amount. To open a deal, the trader will need to specify which of the 5 ticks will be the largest or the smallest. If the forecast is correct, then it is possible to get up to 250% within a few seconds.

Run options. It is the most profitable type of binary contract. The potential profit is up to 2100% of the investment amount within a few seconds. The trader should select the number of ticks (from 2 to 5), and indicate the direction of the price chart movement. Each tick must move in one direction. No payments are made upon correction.

Platforms and Mobile Apps

For more than 20 years, Binary.com review can be found among the leading brokers. The broker has been constantly introducing innovative technologies to improve its services. The broker offers several trading platforms to its customers:
  • SmartTrader is the leading terminal for binary options. It is a simple and convenient online terminal to access the global financial markets;
Meta Trader 5 platform interface
Meta Trader 5 platform interface
SmartTrader platform interface
  • MetaTrader 5 is an advanced multi-asset trading platform for trading Forex and CFDs;
MetaTrader 5 platform interface
MetaTrader 5 platform interface
MetaTrader 5 platform interface
  • Tick Trade App supports trade on the go. It is a special software compatible with smartphones;
  • WebTrader by Binary is an advanced interface terminal for trading binary options. It also allows to monitor the dynamics of the assets and markets you are interested in;
  • Binary Bot Robot is a software tool for automated trading. You can pick your favorite trading strategies and automate all your deals;
  • TradingView for Binary.com. This additional instrument was created for traders to get access to powerful charting and technical analysis. You can easily analyze the markets with a large number of indicators, price ranges and overlay tools;
  • SmartCharts is an interactive charting tool. With its help, the trader can analyze financial markets with excellent visualization on the screen.
  • In 2020, the broker presented a new trading platform - Deriv.com. In fact, it is another rebranding: the owners have moved away from direct associations with binary options in order to more effectively promote Forex and other areas. While binary.com is still in operation, the team will now focus on developing the Deriv platform.
Deriv registration
Deriv registration
Register with Deriv (formerly Binary.com)
Binary.com has developed its own mobile applications for trading currency pairs, options and other assets. It is a Tick Trade binary options app for convenient access via smartphone. The application is available for free download and is easy to use. It has the same features as a desktop version – you will have access to all types of options and settings. Moreover, app users can use all the charts and market analysis updates. You can also set up a personal account, check its status and quickly make requests for the money withdrawal via smartphone. Mobile trading attracts more and more users as online trading becomes accessible at any time and from any location. You will not miss the right time for the deal with the app in your pocket.
TIck Trade platform interface
TIck Trade platform interface
Tick Trade platform interface

Account Types

If a trader works with options, he can choose from two accounts:

  • Demo account. Within the framework of such an account, a trader can test the functionality of the platform and hone his own strategies. A demo account opens instantly after registration. For testing or developing trading strategies, the trader will be credited with 10,000 USD of virtual funds. For trading, he is provided with 10 thousand dollars;
  • Standard account. You can activate it by depositing only $ 5. You can replenish your account in several currencies - EUR, USD, AUD or AUD. Once you activate the real money trading account, you get access to all types of options.
Deriv: open a demo account
Deriv: open a demo account
Account selection at Deriv (formerly Binary.com)
To trade base currencies and CFDs, the broker offers MT5 accounts:

  • demo account;
  • financial account;
  • synthetic account for indices.

Advantages of Binary .com

Having analyzed hundreds of trusted binary reviews, it becomes clear why the broker has managed to create such an extensive client base. The platform has many benefits for successful trading:

  • High reliability. The broker's activities are controlled by several international financial regulators, which is confirmed by the corresponding licenses.
  • Favorable trading environment for novice traders. It is possible to start making money on the broker's platform from 5 USD, while the minimum investment amount is 0.5 USD, and the expiration period is practically unlimited.
  • Unique analytical tools integrated by developers into the company's web terminal.
  • Access to trading financial instruments that are not available on any other platform.
  • The ability to automate the trading process using the unique Binary Bot service.
  • Withdrawal of funds is possible within 24 hours, regardless of the amount of the payment and the deposit.
  • A variety of types of binary contracts, which provides the trader with almost unlimited opportunities to implement trading ideas.
  • Unlimited and refundable demo account.
  • An informative official website that, among other things, provides quality educational materials for novice traders.
Binary.com is rightfully considered one of the best brokers. And these are not pure words. This company could attract more than 1 million traders.The platform offers very fair trading conditions and a great selection of assets. Thanks to the demo account, you can practice without risking your funds and the entry deposit is only $ 5. Study our Binary review again and take a minute to register on the site.
Deriv
Deriv

GENERAL RISK WARNING:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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