The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
|Headquarters||Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825|
|Support Number||+44 (0) 1666 800042, 0800 011 9847 (Toll Free)|
|Languages||English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai|
|Trading Platform||Own development, TradingView|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$100000|
|Bonus||Up to 100% on deposit|
|Payout||Up to 100%|
|Free Demo Account||Open Demo|
|Regulation||gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000)|
|Account Types||Demo account, real account|
|Deposit Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Withdrawal Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Number of Assets||100+|
|Expiry Times||From 10 seconds to 365 days|
|Types of Assets||Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin)|
|Option Types||Up/Down, Touch/No Touch, In/Out, Asian, Digital|
|Account Currency||AUD, EUR, GBP, USD|
|US Traders Allowed|
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
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Binary.com – innovative binary options, cryptocurrency, token and ICO trading platform.
вњ… This Trading Platform is available in Ukraine
No matter how the fate of the well-known, practically all over the world broker Binary.com, would exist, it will go down in history forever, as one of the first companies that offered its clients to carry out transactions with binary options. The company under consideration belongs to the Binary Group Ltd group of companies, and its offices are located in Japan, Malta and Malaysia, and there are more than 6 thousand branches of the broker operating throughout the world.
Binary.com is primarily a simple way to start trading binary options 24/7. This broker is the most titled of all platforms selling binary options. Here even inexperienced novice players are invited to take part in the training of professional trade in the “Academy of Binary”. Binary.com is truly a unique platform developing its own innovative products, while most such brokers use software and quotations from third-party suppliers. Also, Binary is one of the leaders on the terms of trade, financial instruments and services provided.
Main trade figures and characteristics of Binary.com
Every trader, regardless of experience, set goals or the amount of money that he is willing to invest in operations in the global financial market, before registering an account on the trading platform, must carefully study it. In this case, the broker in question has the following characteristics:
Trading platform – binary.com
The minimum deposit is $ 5
The minimum transaction amount is $ 1
Profitability – from 70% to 1000%
Free Demo Account – YES
Account replenishment methods – Money / bank transfer, credit / debit card (Visa, Mastercard, Union Pay), e-currency (E-Cash, Skrill, OK Pay, WebMoney, Yandex Money, CashU, QIWI)
Assets – 179 (currency pairs, commodities, Random indices, sector indices, shares)
Return on unprofitable transactions – NO
Types of options – increase / fall, higher / lower, inside / outside, touch / no touch
Applications – Mobile, for tablets
Expiration time – 10 sec. – 365 days.
Provided affiliate program.
Deposit / withdrawal of funds
What can a Binary.com user count on?
Trading on the Binary.com platform allows customers to receive a percentage of the profit equal to the percentage of traders from the interbank market. A policy Binary.com is a job without any hidden fees and fees. The advantageous feature of the trading platform Binary is a unique option – “fixed odds”. In other words, Binary gives the opportunity to set a market price and notifies the trader about the price at which the return will be calculated. This, in essence, allows the trader to choose his profit. Binary from time to time organizes the shares with a maximum bonus of 100% of the deposit amount.
Binary is not just a trading platform, it’s a developer of innovative products that other brokers use! The reliability of this broker is checked by reliable work lasting 17 years. Binary.com is an innovator in the field of binary options. Binary.com is a combination of an innovative trading platform, a wide choice of trading tools and ways of trading. Choosing a Binary trader will automatically cooperate with a professional broker company that conducts transparent activities regulated by international law.
Binary, in fact, unlike many brokers, offers only virtual and real accounts:
в—Џ Providing access to a demo account with a $ 10,000 start deposit (virtual cash)
вЂњReal accountвЂќ – from 5$
в—Џ Receiving a bonus of $ 20
“Talking about the ways of trading binary options, Binary.com shows its superiority here too, offering:” rise / fall “(the expiry date of contracts is 1 minute – several months),” above / below “(the barrier is determined by which the trader predicts the movement value of the asset), “inside / outside” (a good way to predict the range of price movement), “touch / no touch” (the possibility of predicting whether the price touches the set level or not), “designer” (a unique way to create and develop your own strategy).
When replenishing a trade deposit, a trader is asked to choose between US dollars, euros and pounds sterling. At the same time, the minimum amount of replenishment is only 5 currency units, or maximum – in the exchange of 150,000. Withdrawal of funds to all listed payment systems only after verification of the user account. However, the bank transfer takes about 5-7 days. Therefore, the advantage should be given to the electronic type of withdrawing money, because such a process will be implemented in a matter of minutes, unlike long-term bank transfers in 3 days.
Security and Customer Training Binary.com
Extensive experience in the financial services market (companies will soon turn 20 years old!), The presence of controlling organizations, as well as the use of their own software products are convincing evidence of the reliability of a broker. But that’s not all. Funds of users of the trading platform are stored on independent accounts in well-known banks, which makes it possible at any time to leave the broker without fear that his deposit will вЂњhangвЂќ somewhere or be lost.
This company allows you to get all the necessary knowledge for the future trader, even if you do not plan to work on the Binary.com site. For these purposes, there is a whole section on the official web resource of the broker, where you can get all the necessary information about binary options and financial transactions in world markets.
In addition to the real trading account, there is a demo account on Binary.com, on which there are virtual 10 thousand dollars, which allow you to check the beginnerвЂ™s level of training in practice.
Presence of own trading platform
Possibility of using the Demo account
Intuitive interface (important for novice traders)
Presence of a mode “Designer”
Excellent reaction to trade orders
No slippage on requests
A wide range of trading instruments and options
Extensive set of transaction completion time slots
When planning to work on the presented trading floor, do not forget that the size of your future income depends entirely on you!
вЂњGeneral Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your fundsвЂќ
Binary.com (formerly BetOnMarkets.com) is an award winning fixed odds financial betting broker that is based in the Isle of Man and Malta. The platform is owned and operated by the Regent Markets Group with extensive business interests in the Asian Pacific region. Operating as an online gambling platform, binary.com is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission as well as the by the Lotteries and Gaming Authority in Malta. The reason why there are two operational bases is because the broker uses different corporate vehicles to serve clients in the European Union market and U.K’s market.
This global approach is reflected in their new Bitcoin account. It allows traders to fund an account (and trade) using Bitcoin cryptocurrency. At present however, the account is only open to non-EU account holders. Payment methods have also been expanded to include Ethereum and Litecoin as the firm embrace blockchain technology and established cryptos.
At first glance, one can see that the trading platform offered by Binary.com is quite unlike all the other platforms normally seen with other binary brokers. For one thing, the interface is deceptively simple. All the basic functionalities are there. There is actually really nothing extraordinary with Binary.com’s platform until you scroll further down…it’s a different picture entirely. We were pleasantly surprised to find that this platform offers such a comprehensive charting feature for their platform.
In addition, traders have the option to obtain the list of daily prices and intraday prices from the tabs located just below the main trading platform. The prices displayed are quite detailed show even the percentage change on the right side of the price quotes.
As mentioned earlier, one unique feature about Binary.com trading platform is the charts they provide. Traders can choose between the different types of displays available:
- Line Charts
- Interactive Charts
- Pop-up Charts
- Legacy Charts
As Binary.com is not your typical binary options broker, the types of trading contracts they offer differ slightly from mainstream binary contracts. For example, traders can choose from:
Traders will decide if the expiry price will RISE or FALL from its current spot price.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
Traders will decide if prices will end up HIGHER or LOWER than a predetermined price target.
Payout is made when prices Trade TOUCH or NOT TOUCH a predetermined price target during duration of the contract.
The aim is to see if prices will be IN between or OUT of two price targets.
Similar to 60 seconds options, traders here decide which way the market will go in 5 ticks of price movements. Tick Trades are further classified into:
- Up/Down Trades
- Lucky 10 Digits
- Quick 10%
Demo & Trading Accounts
One great thing about Binary.com is the fact that they let would be clients try out their platform with a demo account with $10,000 virtual money. This is not something you find often with other binary brokers. Most other brokers will require that you login and place a deposit first before they let you access their trading platform.
Once a trader decided that he wants to open a live trading account with binary.com, all he has to do is to fill up the registration form, login, and place a very small minimum initial deposit of $/£/€ 5.
Trading Software Features
The payout ratios at binary.com vary from around 60% to 110% depending on the contract types. The exact payout can be seen the right side of the trading platform. Traders should that note that the ratio changes constantly according to the market fluctuation.
The list of asset available is truly wide ranging. Traders can choose from Forex, Commodities, Stocks, Indices and the Random Index and Quotidians Market. To get an idea of what is on offer; readers can visit their website to view the full list.
Customer support is available 24 hours a day from Monday to Friday. Basically, traders can choose from emailing them, calling them or requesting a call back.
Contact telephone numbers are region specific. If you check the ‘Contact Us’ page, the number for you region will be displayed.
Because Binary.com is operating as an online gaming platform, they are currently being regulated by the gaming regulatory authorities in Malta and the Isle of Man. However, this is likely to change in the near future as Malta is currently looking to regulate the trading of binary options on the island. So before that happens, traders have to rely on the gaming authorities to protect their legal rights.
Nevertheless, one has to remember that Binary.com is part of a multinational conglomerate so it is unlikely that they will do anything illegal to jeopardise their corporate image.
The mobile app is another very strong offering. As with the rest of the trading experience, the app retains the binary.com look and feel. The unique trading platform stays the same on the mobile version, and the company ensure that the app is optimised for each particular device and operating system. The android app for example, has been designed to maximise the abilities of android devices. Likewise Apple products such as the iPad and iPhone will see features unique to that operating system.
This attention to detail is a large part of what has kept this brand at the sharp end of the binary options industry since it began.
The mobile app delivers a slick, but easy to use trading platform for ensuring traders can make and maintain trades at any time. It is another plus for the firm.
Binary.com offer their ‘Binary Bot’ service, which is another innovative feature. The leading brokers are all rushing to make similar features available. It gives traders the ability to configure and build their own auto trader.
So traders can build an automated trading robot, based on their own system or winning strategy. They can then set the robot ‘live’ to trade whenever the market conditions trigger the criteria laid out by the trader. The building tool has a great walk through demo before traders are let loose with it – and best of all, it can be tested before you sign up or login with a live account. So it can be tried out risk free. Here is the robot builder screen:
Is Binary.com a Scam?
Binary.com are one of the most respected brands in binary options. They were started and grown by well respected traders and are now a multinational corporation that does not need to indulge in any sort of ‘scam’ behaviour that might be seen elsewhere in the industry. This brand can be used with absolute confidence.
Binary.com have withdrawn their deposit bonus offer. At present, there are no existing free trade, or ‘no deposit bonus’ promotions in operation.
Strategy needs to be thought about in a distinct way for Binary.com. The method of selecting expiry time is unique, and so any winning strategy needs to consider that.
The flexibility offered by both the trading platform and the software itself (in terms of expiry, and contracts) means that winning trades are within the grasp of any trader willing to put in the time and effort to hone their strategy.
This is one of the main reasons why this particular broker remain the favoured choice of advanced traders. The firm deliver a range of advanced platforms too – offering both MT4 and MT5 (MetaTrader) integration – and the innovative auto trader “Binary Bot” tool.
The Binary bot allows traders to create their own bots or auto trading setups. The firm also offer integration way beyond what other firms may offer.
The bot allows retail investors to access some of the features restricted to more established signal services or auto trading advisory services.
Tick trade strategy is something that is only possible with Binary.com, and the tick trade platform is not something that has been replicated elsewhere. Specific strategies however, need a section of their own, so for those looking to read up on existing systems, take a look at our strategy pages.
- Advanced Charting Tool
- Demo Account
- Exciting Trade Contracts
- Extensive Asset List
- Flexible Trading Conditions
- Good Support Services
- High Returns
- Long Operational History
- Simple Trading Platform
- Low Minimum Deposit Requirement
The fact is I was won over by what Binary.com has to offer to its clients. They made it easy to open a live account by setting a low minimum deposit of just $/£/€ 5 (depending on your currency of choice).
In addition, their trading platform is truly unique with charting tools as advanced as a dedicated Meta Trader platform (both mt4 and now mt5).
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!