Binary.com
Review 2021

Content on this page is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
Binary broker
FXTM-Interface
October 18, 2021
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Updated: 25 / 10 / 21
10 min read
BINARY BROKER REVIEW
Content on this page is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
Risk disclaimer (more information)
One of the most well-known and respected binary options brokers in the world, Binary.com is based in the United Kingdom. Due to the use of a proprietary trading system, the company provides traders with convenient working conditions. The system is capable of processing up to 15 transactions in a single second.

About Binary.com

About Binary.com
About Binary.com
Binary.com is a binary options broker that is well-known across the globe. The business offers traders with convenient working circumstances via the use of a specialized trading system that is capable of executing up to 15 transactions at the same time. Having been in business for more than 18 years, Binary.com began trading in the financial markets in 1999. Since then, the company has evolved to become one of the world's biggest binary options brokers, with a market capitalization of over $1 billion. The primary aim of Binary.com is to give access to the most popular trading instrument available - binary options - in order to provide access to binary options to the general public.

The trading of these goods on the financial market is a lucrative and easy method to make money on the stock market and other markets. So binary options are becoming an increasingly popular financial instrument, with institutional investors in particular growing more interested in them.

Binary.com deserves to get good comments as a result of the broker's many years of expertise in offering high-quality binary options trading services. A client-centered environment is provided at the company's headquarters in New York where customers may trade indices, currencies, and commodities 24 hours a day, seven days a week. With its proprietary trading platform, which has the capability of processing up to 15 transactions per second, the business is able to provide its customers the most pleasant trading circumstances possible. It is possible to obtain information on the broker's website in 10 of the most widely spoken languages in the world.

Pros and Cons

Pros
  • A powerful trading platform with a variety of functions
  • There are many different option types
  • The ability to be flexible in terms of trade circumstances
  • There are a variety of payment options
  • Options for tick expiry ranging from 5 ticks to an unlimited number of ticks
  • Verification of an online trading account
  • Available in a number of different languages
  • Various trade assets are available
  • Demo account is provided for free
  • In India, this broker is available
Cons
  • There are no incentives or promotions
  • Trade-off competitions are not permitted
  • Associated with the gambling industry

Fees and commissions

Withdrawal fees at Binary.com vary based on payment method.
Binary.com charges inactive customers a monthly fee.
Binary.com charges a deposit fee.
Brokers provide traders with cutting-edge internet trading platforms, mobile trading apps, financial research tools, and educational resources. For a brokerage it is important to continue to offer these services and make money. The trading fees that brokers charge their clients are something you should be aware of since they may affect your bottom line.
Binary.com levies a fee for long - dormant accounts.
  • Unused accounts for a month are assessed an inactivity fee.
  • The broker may demand clients to meet specific trading activity requirements, which are specified in their account terms and conditions.
  • If a client's trading account is inactive for a length of time, the broker may charge an inactivity fee (decided by the broker).
  • If you no longer need your trading account, contact the broker's customer service department. Verify that any outstanding charges are not due.
  • An inactivity charge may be assessed depending on the kind of account and the amount of time inactive. Brokers must properly disclose any inactivity fees imposed by law.
  • In order to make up for the absence of commission fees generated by your transaction, your brokerage company may charge you inactivity fees.
Fees and commissions_binary
Fees and commissions_binary
  • Binary.com charges a fee on CFDs. A broker who arranges the purchase and selling of financial assets through your trading account may charge a commission.
  • A brokerage may make most of its money by charging commissions to registered traders on client transactions. Commissions vary depending on trading technique, financial asset type, and trading account level.
  • Broker commissions are charged whether your order is completed, cancelled, or changed by the brokerage on your behalf.
  • You may not be charged a commission if your broker fails to execute a market order.
  • If you modify or cancel your purchase, your brokerage company may charge you a fee.

Account types and Account opening

Demo Account
Binary.com offers a free demo account that enables you to practice trading in your own area with simulated money before depositing money. This allows you to improve your trading skills and experiment with new techniques without risking any real money. Demo accounts provide $10,000 in virtual money to enable you to practice your abilities.
Real Account
Binary.com enables you to open a live trading account with as little as $5, which is much less than the minimum deposit needed by the bulk of binary options brokers. A real account gives you access to the beginner platforms, as well as the expert platforms (includingnbsp;MetaTrader 5), as well as their mobile application for trading while on the go.

Opening a trading account with Binary.com is a straightforward process. You may join up using either your email address or a social media account (Google and Facebook). The whole procedure takes just a few seconds, and you will have immediate access to the trading platform. You may either utilize the demo account with virtual money or proceed with the registration procedure at this point.
Demo Account
Binary.com offers a free demo account that enables you to practice trading in your own area with simulated money before depositing money. This allows you to improve your trading skills and experiment with new techniques without risking any real money. Demo accounts provide $10,000 in virtual money to enable you to practice your abilities.
Real Account
Binary.com enables you to open a live trading account with as little as $5, which is much less than the minimum deposit needed by the bulk of binary options brokers. A real account gives you access to the beginner platforms, as well as the expert platforms (includingnbsp;MetaTrader 5), as well as their mobile application for trading while on the go.

Opening a trading account with Binary.com is a straightforward process. You may join up using either your email address or a social media account (Google and Facebook). The whole procedure takes just a few seconds, and you will have immediate access to the trading platform. You may either utilize the demo account with virtual money or proceed with the registration procedure at this point.
Binary.com_Account types
Binary.com_Account types
Demo Account Binary.com trading review

Deposit and withdrawal

Binary.com_Deposit and withdrawal
Binary.com_Deposit and withdrawal
Binary.com accepts a number of payment options to fund your account.
Wire Transfer
For bank transfers, the minimum deposit and withdrawal amount is $500. The maximum deposit and withdrawal amount is $100,000. The currencies accepted are USD, GBP, EUR, and AUD. Standard bank transfers take one business day to process. Deposits may take as short as 15 minutes if you use an Internet Bank Transfer. Deposits are quick with PayTrust.
Wire Transfer
For bank transfers, the minimum deposit and withdrawal amount is $500. The maximum deposit and withdrawal amount is $100,000. The currencies accepted are USD, GBP, EUR, and AUD. Standard bank transfers take one business day to process. Deposits may take as short as 15 minutes if you use an Internet Bank Transfer. Deposits are quick with PayTrust.
Credit Cards
Binary.com takes Visa, MasterCard, and Maestro credit and debit cards. Credit cards accept the following currencies: USD, GBP, EUR, and AUD. The minimum deposit and withdrawal amount is $10, while the maximum deposit and withdrawal amount is $10,000. Deposits are handled immediately, but withdrawals processed up to one business day. It should be noted that Mastercard and Maestro withdrawals are only accessible to UK customers.
Credit Cards
Binary.com takes Visa, MasterCard, and Maestro credit and debit cards. Credit cards accept the following currencies: USD, GBP, EUR, and AUD. The minimum deposit and withdrawal amount is $10, while the maximum deposit and withdrawal amount is $10,000. Deposits are handled immediately, but withdrawals processed up to one business day. It should be noted that Mastercard and Maestro withdrawals are only accessible to UK customers.
E-Wallets
Fasapay, Perfect Money, Skrill, Neteller, WebMoney, QIWI, Paysafe Card, Jeton, iWallet, STICPAY, and Airtm are all accepted by Binary.com. The minimum deposit and withdrawal amount for E-Wallets is $5, however the maximum amount varies based on the e-wallet used. Deposits are quick using E-wallets, while processing withdrawals take $1 to complete.
E-Wallets
Fasapay, Perfect Money, Skrill, Neteller, WebMoney, QIWI, Paysafe Card, Jeton, iWallet, STICPAY, and Airtm are all accepted by Binary.com. The minimum deposit and withdrawal amount for E-Wallets is $5, however the maximum amount varies based on the e-wallet used. Deposits are quick using E-wallets, while processing withdrawals take $1 to complete.
Cryptocurrency
Binary.com supports a variety of cryptocurrencies as payment methods, including ETH (Ethereum), LTC (Litecoin), UST (Tether), and BTC (Bitcoin).
Cryptocurrency
Binary.com supports a variety of cryptocurrencies as payment methods, including ETH (Ethereum), LTC (Litecoin), UST (Tether), and BTC (Bitcoin).
Deposit and Withdrawal

Binary.com platform review

Binary.com platform review
Binary.com platform review
It's worth noting that Binary.com is able to provide its traders with a diverse variety of trading platforms, which is noteworthy. The trading platforms are divided into two categories:

  • fundamental platforms
  • advanced platforms.

Platforms from the very beginning

There are two kinds of basic platforms available: the Binary.com platform and the Binary Tick Trade App (also known as the Binary Tick Trade App). Using both of these platforms, traders may trade binary options, with the latter platform being built especially for mobile trading.

Platforms of the Future

When it comes to sophisticated trading platforms and trading software, Binary.com offers the following features and tools:

Binary.com
Mobile trading platform

Binary.com Mobile trading platform
As previously said, the Binary Tick Trade app is especially intended for traders that need the ability to be mobile and might not be confined to their PC trading terminal at all times.

The software is available for free download from the Apple App Store and Google Playstore, and it may be found on both platforms. In addition to checking the status of their trading accounts, traders may conduct transactions using the app.
Binary.com Mobile trading platform
As previously said, the Binary Tick Trade app is especially intended for traders that need the ability to be mobile and might not be confined to their PC trading terminal at all times.

The software is available for free download from the Apple App Store and Google Playstore, and it may be found on both platforms. In addition to checking the status of their trading accounts, traders may conduct transactions using the app.
Binary Mobile trading platform

Markets and products

Binary.com offers 58 trading assets, including forex, equities, commodities, currency pairings, and indices. This broker does not have as many trading assets as other brokers, but it is sufficient for most traders.

Commodities include gold, palladium, platinum, silver, and oil. Currency pairings include EUR/USD, GBP/USD, EUR/CAD, AUD/JPY, USD/CHF, and many more.
Indices include the Hong Kong Index, the Euro 50 Index, the UK Index, the US Index, the Wall Street Index, and others.

Volatility 10 Index, Volatility 75 Index, Bear Market Index, Bull Market Index, and more synthetic indices.

    Research tools and assets

    Before starting to trade, would-be traders should put as much effort as they possibly can into the study of theoretical trading. Knowledge and awareness of the markets are critical components of trading with confidence and success, which is why research options available via brokers are an important element of the company's characteristics when deciding which broker to use for your trading activities.

    For example, Binary.com provides its clients with a variety of research tools that are integrated into their trading platform software, such as an economic calendar that keeps track of important yearly events.
    binary.com economic calendar
    binary.com economic calendar

    Binary.com Customer support

    Help center screenshot from binary.com
    Help center screenshot from binary.com
    Many binary options brokers allow you to log in and instantly see how to get in touch with a member of their customer services team. An invasive live chat window that pops up to check on you may be used, or a conspicuous button may be used to initiate a live chat session should you need it. Many brokers will give you a list of phone numbers that are specific to your nation as well as a list of contact options.

    Despite the fact that all of this is accessible on Binary.com, it is not as apparent as it might be, and you will have to search for it. You will find a tiny "Contact us" link at the bottom of the desktop site if you scroll down to the bottom of the page. When you first arrive at this page, you will be presented with a variety of telephone numbers, e-mail addresses, and live chat options. Upon closer inspection, you will see a drop-down box that will enable you to choose the appropriate country from which you want to contact.
    Contacts of Binary.com

    Education material

    New customers of Binary.com should attempt to learn as much as they can about the types of trading skills that will be required to be successful in the world of FX and commodities trading before signing up with the broker.

    The website of Binary.com should include all of the information a trader could possibly need to acquire the skills and expertise necessary to be a successful trader with them. Binary.com offers an instructional component on their website that includes five pages of lessons for new traders who are just getting started. Also included is an introduction to trading, which includes thorough descriptions of how to utilize the trading platforms.
    Binary.com Education material
    Binary.com Education material
    Binary.com Trader's Guide

    Is Binary.com Safe?

    Since the launch of their trading platform in 1999, Binary.com has built a solid reputation as a trustworthy broker in the industry. In addition to the Maltese Financial Services Authority, the Vanuatu Financial Services Commission, the British Virgin Islands Financial Services Authority, and the Labuan Financial Services Authority, their operations are overseen and controlled by a number of other agencies. All cash deposited are segregated and put in separate bank accounts in order to ensure the safety and security of your money and funds.

    Over 1,000,000 traders in over 100 countries across the globe use the services of Binary.com, which is a licensed and regulated broker. This broker has a number of licenses from a variety of regulatory organizations across the world, allowing him to comply with both local and international regulations.
    Is Binary.com Safe?
    Is Binary.com Safe?

    Accepted Countries

    Binary.com welcomes merchants from a wide range of nations, including Australia and Thailand; Canada; the United Kingdom; South Africa; Singapore; India; and France; Germany; Norway; Sweden; Italy; Denmark; Saudi Arabia; Kuwait; Luxembourg; Qatar; and a slew of other countries.
    Traders from the United States, Malaysia, Hong Kong, Iran, and the United Arab Emirates are unable to utilize Binary.com.
    Binary.com_Accepted Countries
    Binary.com_Accepted Countries

    Review methodology

    We place a high emphasis on honesty and openness in the way we evaluate our business partners. Our evaluation procedure, which includes a comprehensive analysis of the broker offering, has been made public in order to bring openness to the forefront. The assessment of the broker's dependability, the platform providing of the broker, and the trading conditions provided to customers, all of which are summarized in this review, are all critical components of the process of choosing a broker. This is evaluated, and an overall score is computed and given to the broker based on how well they do.

    Overall verdict

    Based on our research, we think that Binary.com is one of the best binary option brokers in the business. Their platform provides great payouts, mobile trading, a number of transaction kinds, and a choice of payment options for funding your trading account. Beginners with little or no trading experience will find Binary.com to be easy to use, while expert traders will find it to have enough features to please even the most experienced traders. Most significantly, Binary.com is licensed and regulated by a number of different regulatory authorities.
    Overall verdict Binary.com
    Overall verdict Binary.com

    Alternatives to Binary.com

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    OctaFX:
    OctaFX is one of the forex brokers that provides multi-asset trading on a variety of platforms and mobile applications.
    binomo-logo
    Olymp Trade:
    Olymp Trade - Proposition Fixed-time transactions are accessible on a broad range of markets via the Olymp Trade platform. It is estimated that the business, which was established in 2014, has around 25k active traders on a daily basis.
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    Expert Option:
    Expert Option - is a digital trading platform that enables you to trade forex, cryptocurrencies, commodities, indices, and stocks online via a web browser. This high-risk, high-reward trading technique is only available in a few geographical areas across the world.

    Frequently Asked Questions

    Is it safe to invest in Binary.com?
    Binary.com is a licensed broker. The regulatory body and regulatory status of the broker are two of the most essential factors for traders to consider when selecting a broker like Binary.com. Brokers who do business without regulation do so at their own risk and endanger the security of their customers' funds.

    Market pricing will not be manipulated by regulated brokers. When you submit a withdrawal request to Binary.com, it will be processed. Their regulated status may be revoked if they break any regulatory regulations.
    Can Binary.com be trusted?
    Yes. Binary.com has been in operation since 1999. That kind of durability in the financial sector indicates a high level of client satisfaction.
    Is Binary.com legal in India?
    Yes, Binary.com is legitimate in India.
    How do you create a Binary.com account?
    Opening an account at Binary.com is a straightforward procedure.

    • Visit Binary.com
    • Enter your email address and click the green "create free account" button in the middle of the page, or register via a social network
    Enter your email address and click the "Create free account" button.
    What is the minimum deposit for Binary.com?
    Binary.com requires a $5 minimum investment to establish a trading account. To open an advanced or MT5 account, you must first create a basic account and then apply for higher levels. There are no extra deposits required.
    Can I withdraw from Binary.com without verification?
    When you are ready to withdraw, log into your account, click the withdrawal button, and input the amount you want to withdraw. Don't forget to provide a few papers with your withdrawal request.
    Does Binary.com have an app?
    The mobile website is straightforward, easy to use, and intuitive. They have an app accessible on the App Store and Google Play, as well as a completely responsive mobile website.
    Can you trade Binary.com on the phone?
    With mobile application you may trade anytime from anywhere.
    How do I trade on Binary.com?
    Define your position. Select a market, a trade type, a term, a barrier, and a payment.
    Request a quote. Get real-time rates depending on your location.
    Make your deal. Purchase the contract or reposition yourself.

    Who is the founder of binary com?
    The founder of Binary.com is Jean-Yves Sireau.
    Can you make money with binary.com?
    To be successful in trading with Binary.com you have to examine all the aspects of trading, create and stick to your trading strategy.
    Can I trust binary com?
    Binary.com is a pioneer in the field of binary options. The original binary brand continues to grow and develop their product while being the most trusted brand in the binary industry.
    How do I deposit bitcoin to binary?
    Please, follow this link to get the full instructions of how to deposit your account with bitcoin.
    Is binary.com legit?
    Binary.com is an award-winning site in terms of reputation. The platform has received many accolades from prominent financial sector critics throughout the years.
    These honors are all testaments to the first-rate service that Binary.com has given to its customers throughout the years.
    Furthermore, knowing that they are working with a reputable and licensed broker is comforting for traders.
    Is binary.com paying?
    The key to successful binary options trading is risk management. A trader can never lose too much money on any one transaction. Even with so many possibilities to go wrong, novices to binary option trading may earn money if they work hard and stick to a strategy. The answer is that you can earn money betting binary options.
    What is the maximum withdrawal limit in Binary.com?
    Mostly the maximum withdrawal limit in Binary.com is 10  000$. Somehow it depends on the payment method you have chosen.

    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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