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Binary3 min read
Broker Review
Binary offers specialized trading platforms designed for trading CFDs and options. During its existence, the company has become a real world leader in the industry. As a fully licensed and regulated site, it has been providing worldwide services to over 300,000 customers since 2008. Unlike most brokers, it provides an opportunity for customers to trade on a unique platform. The company is focused on stability, reliability and operates in accordance with European regulation and has the right to provide its services in any EU country.
Platforms
83
Usability
70
Assets
90
Users rating4 Votes
60
Pros Broker
Flexibility in trading conditions
Wide range of assets
Low commissions
Unique platform with a simple interface
Cons Broker
Does not offer any bonuses
Delays in the withdrawal of funds
No Live Chat support available
Sometimes delays in opening trades
80
Overall Broker Rating
Visit Broker

Review of the company

«Binary» (formerly known as BetOnMarkets) is considered a veteran in the financial market. This project has been operating since 1999, was created in the UK and is owned by Regent Markets Group. The company has offices in Malta, Malaysia and Japan. Trading accounts at Binary.com are segregated, which protects clients funds. The main distinguishing features of the trading platform are simplicity combined with maximum functionality, which provides users with a comfortable work experience and the possibility of obtaining a good income. This broker focuses on making rapid developments.

Trading platform

For trading, the company offers the Binary.com online platform with the ability to install the Tick Trade mobile application. Trading is also possible on the MetaTrader5, Deriv, Webtrader platforms from Binary, which does not require installation on a PC. The site presented in many languages and provides an opportunity to deal with more than 150 diverse assets. A full list of assets can be found under the Asset Index at the bottom of the website. Mobile apps for IOS and Android are available.

Each trader is given the opportunity to open a demo account with a virtual deposit of $10,000, so that you can significantly improve your own skills without investing real money. The broker developed his own platform, which guarantees high speed and accelerated entry into any transaction, as well as the absence of any slippage. According to representatives of the broker, the income from each successful transaction may exceed 100%.

As noted in the introduction, the Binary.com trading interface is proprietary and offers an invisible range of different products and underlying assets. Users can use the advanced charting features on the website for pricing analysis options for each option before selling or buying. This means that users will be attracted by the technical skill of the site, enjoying a wide range of trading opportunities. The broker is constantly growing thanks to good conditions and a unique trading platform SmartTrader.

Types of accounts

One of the main advantages of the broker is the lack of division into different types of accounts, as, for example, for beginners or for VIP traders. From the very beginning, you have access to a wide range of tools for successful trading.

You can start working with a broker by making a minimum deposit of $5 and immediately start trading stocks, raw materials, cryptocurrencies, currency pairs and indices, or try yourself in Random Trading – this is a randomly created simulation of market conditions in which you will have the opportunity trade assets and get more pleasure from trading without using strategy and analysis, pure enjoyment of the financial market without any obligations.

Broker education

Since Binary.com considers work with beginners to be a priority, the broker provides free training materials. Basically, these are manuals for beginners – instructions for using the trading platform, basic principles of forecasting, answers to basic questions. In principle, this is enough to start trading, but not enough to learn how to trade profitably, so you will have to attend webinars.

The company has its own training academy, which offers:

  • Free webinars;
  • Free daily market reviews;
  • Free E-books;
  • Free trading charts.

After gaining knowledge, we recommend doing some test trades with a demo account before trading with real money.

Deposit / withdrawal methods

It is possible to replenish the account and withdraw funds from the company by Bank Transfer, Visa/MasterCard/UnionPay cards, electronic payment Skrill, PayPal, Fasapay, PerfectMoney, Neteller, PaySafeCard, WebMoney, Qiwi, Yandex.Money, as well as using Bitcoin and Litecoin cryptocurrencies. The withdrawal time is from 3 to 5 days, but it depends on the payment system.

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.