BinaryCent Review Even Your Kids Can Trade (Infographic)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Binarycent Reviews

20 • Average

Write a review

Write a review

Reviews 20

Video evidence of Binarycent Scam.

Shocking How this Scam Firm is able to operate.
I registered with them and initially was very impressed with the service and deposit handling. Within hours of registering I was able to start trading.
As long I was losing money everything was fine but as soon I started to make profit things started to open up. I managed to grow my account 3 to 4 times of my original account within few days but every time I would hit a level where I can start withdrawing profit something very suspicious started to happen in the actual trading system. The system started to force me lose trades.
Let me explain: In the binary options you look at the trends and guess if the price would rise or Fall. Once you are in profit what system will do is last second of the trade the system will show a huge drop or Rise in the price just to make you lose.
First few times I didn’t even notice this. Then over time I realised what was happening. As soon it became clear to I contacted customer support and sent them screen shots of evidence. This is where I realised they don’t have customer services team. They Only have sales teams who would help you deposit money but if you have any issues whatsoever they will not respond to you. I have over 17 emails and 9 live support tickets right now and not a single one of them got a response.
I know it’s hard to prove with just an email that the system is rigged, so I started to record videos of my sessions. When I lost over a $1000 in just one session I had recorded exactly how their shady system flips last second to make you lose.

Now I am looking for legal proceedings to recover my investment. The video evidence I have I will be sharing with legal teams and also on social media to expose this Scam Firm which uses Fraudulent methods to steal your hard earned cash.

not good and not portable

Honestly I don’t know how any of the…

Honestly I don’t know how any of the good reviews got on this site, all I can figure is they must work for the company because they are NOT a legitimate broker. I tell you this because I have seen them manipulate the numbers. They can control the numbers on their platform. With me it happened right after my first withdrawal request. All of the sudden I could not win a single trade! So, I compared their numbers to NADEX.They would match until my position came up, then the Binarycent numbers would change to make me lose. NADEX numbers would not change, only Binarycent. I lost a lot of money because at first I thought I was just having a bad day. It is virtually impossible to lose 20 trades in a row. thats when I figured it out. I hope this will save some other traders money

Straight forward, easy to work with.

Brilliant company to work with along with great colleagues who are always helpful. I am very pleased with the efficiency of the whole platform, it seems to run like clockwork – someone must be working hard in the back ground. Very pleased with the user friendly trading platform.

Great support

Great support, user-friendly platform, timely withdrawals. 5 stars.

Very pleased.

I am trading with them from the very start and getting payouts when I request, no problems. Highly recommended!! 5 stars.

Finally a broker I can trust.

As a professional binary option trader who trades daily and also teaches and mentors others in trading binary options I have tried many different brokers.
We have been using Binarycent for over 6 months now and I am delighted with them.
They offer fast execution of trades with rare rejections, excellent returns of 60-90% on a winning trade.
Accounts can be activated simply and easily via card or bitcoin. Their bonus scheme is fair and not onerous like most other brokers.
Withdrawals are quick and simple, funds are usually in my account within hours or at most the next day.
So far neither I or any of my clients have had issues that would stop me from recommending them.

Binarycent Scam or not? – Broker Review

Is Binarycent a scam or a reliable broker? – Find it out in this review. (In few steps) Nowadays it is hard to find a good broker for Binary Options because the diversity of different offers are sometimes non-transparent. It is important to look after a secure and reputable broker. In this review, I will check Binarycent and give you the right information about the conditions for traders.

Review: (4.3 / 5)
Regulation:
Demo Account:
Minimum Deposit: 250$
Min. Trade: 0,1$
Assets: 100+, Forex, Commodities, Stocks, Cryptos
Support: 24/7 phone, chat, email

Flexible Trading Platform

Copy & Social Trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

What is Binarycent? – The Broker presented

For traders, it is important to know some information about the company where they are trading. Binarycent is an international Broker for Binary Options, Forex, CFD and Cryptocurrencies. The company is based and runs by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there are not a lot of information to find about the company.

These points make the company unique:

Withdrawals in 1 hour

100% data protection

24/7 customer multilingual support

Bonus and Risk Free trades

Review of the conditions and trade offer:

Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.

The biggest advantage of Binarycent is the small investment amount of 0,1$. That’s why they are called Binary-“cent”. Bet on falling or rising markets with Binary Options. The asset profit is quite high between 80 and 95%. Traders can choose between a turbo, intraday and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid and the broker is compared to other companies in a good place.

Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100 and the spreads are starting with 1.0 pip.

Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitable with over 100 different assets. From my experience the execution of trades is very fast on that platform.

The conditions for traders:

High returns of 80-90%+

Free demo account (after deposit)

Big diversity of expiry time for Binary Options

Forex, Commodities, Stocks, Cryptocurrencies

CFD/Forex and Binary Options platform

Is the BinaryCent Platform reliable?

Binarycent offers a unique trading platform for its traders. The structure is clear and transparent. Personally, I like the design because it is user-friendly. Beginners should understand the platform in a few moments. It is possible to watch video tutorials about trading with the platform. In addition, you can ask the support for some help.

The charts are supported by Trading View. This is a big and popular provider for market data. In other words, it makes the platform look professional. Traders can customize the chart by using drawing-tools, indicators or Fibonacci. The chart is available in full-screen mode too. On the right side, you see the trading dashboard.

Forecast the movement of an asset and trade in the way you want with a call or put option. On the left side, you can choose a market you want to trade. Switch between Binay Options and CFD/Forex with just one click. That makes the platform very flexible. In conclusion, the trading platform of Binarycent provides the right functions a trader needs.

With Binary Options you have to make the right forecast of the price movement to get a high asset profit. This can be in a range of 30 seconds or more. In my opinion, beginners should not start with short-term trading because it is the hardest method to invest in the markets. The function is very easy. The risk is limited to your bet amount and you will get a fixed return.

How to use BinaryCent:

For example EUR/USD – 95%:

That means if you open a trade with a 1000$ bet amount, you predict the right direction of the markets you will win a payout of 1950$ in your account. 1000$ return of the bet amount and the 950$ of profit. There are not any hidden fees for trading.

Unique Trading Platform

Flexible and user-friendly

Social Trading, Analysis and Signals

Transparent trading dashboard

BinaryCent Demo Account for free

The Demo Account is an account with virtual money. You can trade the markets without risk. The conditions are the same as you are trading with real money. You get the real-time market data. First of all new traders can practice some trades in the trading platform of a new broker. This is an important action to get some new experience and decide to continue trading with the new broker.

BinaryCent offers a Demo Account for every trader who deposited the minimum investment of 250$. This is a little disadvantage for this broker because most of the other Binary Options Brokers give you a completely free Demo Account.

The demo account is the best way to improve your trading skills.

Account opening in few steps

Just open your account in less than 1 minute. You only need your personal name, phone number, password, and email address. For further verification, a picture of your passport is needed. The verifications take less than 24 hours. For withdrawal your profit you need a full verified account, but you can start trading without verification. In conclusion, the account opening is very easy and user-friendly. If you got further questions you can ask the 24/7 support.

There are 3 different account types available:

Bronze (250$) Silver (1000$) Gold (3000$)
24/7 live support 24/7 live support 24/7 live support
Withdrawals in 1 hour Withdrawals in 1 hour Withdrawals in 1 hour
Bonus 20%+ Bonus 50%+ Bonus 100%+
Demo account Demo account Demo account
Copy Trading tool Copy Trading tool Copy Trading tool
Master class (web session) Master class (web session)
First 3 risk free trades First 3 risk free trades
Personal success manager

Withdrawals and deposits with Binarycent

From my experience, the deposit and withdrawal work very fast. In only tested it with small amounts like 500$. You can deposit with Creditcard, Cryptocurrencies or E-Wallets. There are no hidden fees. The only fee is by making a payment with a credit card of 5%.

The minimum deposit with 250$ is quite high. The minimum amount allowed for withdrawal is 50$. But there is the advantage to trade with 0,1$. In conclusion, Binarycent offers a diversity of payment methods and the withdrawal system works very fast. The broker processes all withdrawal requests in only 1 hour. Sometimes it takes a longer time if the account is not verified. Also, you can open a crypto wallet with Binarycent. This is a new opportunity to trade cryptocurrencies on the platform.

Payment methods:

Credit Cards (Visa/Master)

Bonus and Risk-Free Trades

BinaryCent offers you a free deposit Bonus and Risk-Free Trades. You can get easy a higher balance of your account. But the bonus is linked to conditions. You have to make a turnover for 3 times the bonus. This is a very low amount and big advantages. Most brokers offer you a bonus too, but you have to make a turnover of 30 times or more.

Risk-Free Trades are offered in the silver and gold account. You can bet any amount in a Binary Options trade and if you lose you get the lost amount back to your account. The loss amount is deposited as a bonus.

The bonus for your first deposit can be between 20% and 100%. It depends on the invested amount of money. The bonus for your first deposit is compared to further deposits higher. With a deposit of 500$, you can get a 50% bonus and with a deposit of 3000$, you can get a 100% bonus. In other words, if you start trading with BinaryCent you get a better reward.

Support and service

BinaryCent provides very fast support via chat, email, and phone. The best choice to ask your question is the 24/7 video chat. Directly you get a connection to the support. In conclusion, the service is reliable and fast. For further questions, you can call them via phone or write an email. They offer you the service in more than 6 different languages: English, Russian, Chinese, Thai and more.

24/7 support per Phone, Email, and Video-Chat

Support in different languages

The support works very fast

Support Chat: Phone (english): Email: Adress:
24/7 +1-8299476393 [email protected] Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles

My conclusion of the BinaryCent Review 2020

At first glance from my experience definitely, BinaryCent is not a scam. This review shows you that BinaryCent is one of the best international platforms for trading with Binary Options. The broker provides a good trading platform with a high chance of making a high profit. You can trade a lot of different assets and use different strategies.

The markets data is provided by “Trading View” which is one of the biggest leaders in the industry of retail trading. Another advantage is the possibility to trade with a small investment amount like 10 cents $. That makes the broker unique.

Also, the service and customer support is fast and reliable. There is no problem to open a new account and do deposits and withdrawals. In addition to that, I have to mention that the company is unregulated. I tested the platform only with a small amount of money. Try it by yourself.

Advantages:

Trade with only 0,1$ in one trade

High asset profit

High diversity of assets 100+

Flexible trading platform

Forex/CFD and Binary Options on one platform

Disadvantages:

Get the demo account after the first deposit

The opportunity to trade with only 0.01$ is the biggest advantage of BinaryCent (4.3 / 5)

Binarycent Review

Binarycent

Broker Binarycent
US Traders Accepted
Company Name Finance Group Corp
Headquarters Vanuatu
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 80%
Out-of-Money Reward 10%
Trading Platform Proprietary
Deposit Options Credit/debit cards, wire transfer, Bitcoin, Litecoin, Ethereum, Perfect Money, QIWI, Neteller, WebMoney, OKPay, Alipay, Skrill
Deposit Currencies US dollar, euro, British pound, Russian ruble, Bitcoin, Litecoin, Ethereum
Minimum Deposit $250
Minimum Trade $0.10
Online Since 2020
Trading Instruments Forex, commodities, cryptocurrencies
Number of Trading Instruments 27
Binary Option Types Turbo, Intraday, Long Term
Customer Support Types Web form, telephone, live chat with video
Education Offered Web sessions, videos, FAQ
Tools Offered Risk-free trades, prepaid card, personal success manager
Commission Minimum withdrawal threshold of $50, $50 fee for wire transfers. You can withdraw without meeting the turnover requirement, for a 20% fee. 1× turnover requirement applies even without a bonus.
Languages English, Russian, French, Spanish, Arabic, German, Portuguese, Thai
Demo Account Yes, upon request

Binarycent is a binary options website owned by a company called Finance Group Corp and operated by a company called Suomen Kerran LP. While Suomen Kerran LP is located in Scotland, Finance Group Corp is based in Vanuatu, a territory with looser regulations. Indeed, this broker is not regulated and accepts traders from the USA.

One word to describe the Binarycent website might be “unfinished.” The entire site has the look and feel of a half-abandoned project. For example, if you check out the FAQ, you will find that it is quite sparse and does not provide much information at all. Some tabs under the FAQ are entirely blank.

This site does not have a lot going for it, and comes across as unreliable and potentially dishonest.

Opening an Account on Binarycent

If you decide to open an account on Binarycent, there are three tiers:

The minimum deposit is an industry-wide typical $250. However, you can trade with as little as 10 cents. With minimum trade amounts being closer to $10-$25 on the majority of other binary options websites, this is advantageous for those who do not want to take much risk at all.

Currencies that can be used for depositing funds include US dollar, euro, Great Britain pound, and Russian ruble. Additionally, clients can use cryptocurrencies as their trading account unit. You can make deposits and withdrawals using credit or debit card, wire transfer, Bitcoin, Litecoin, Ethereum, Perfect Money, QIWI, Neteller, WebMoney, OKPay, Alipay, or Skrill.

There is some confusion as to whether a demo account is available. A customer testimonial on the site mentions one, but there is no other mention of a demo account anywhere on the site, and very little reason to believe that there necessarily is one.

Why? Because that same page has other inaccuracies, such as claiming there are more than 100 assets when in fact there are 27, and stating that you can trade stocks, currencies, indices, and commodities when you can actually only trade currencies (including crypto) and commodities.

Binarycent is not exactly feature-rich. Even if you have a Gold account, there are only a few extra benefits, including a personal success manager, prepaid card, and three risk-free trades. In terms of education, there is a set of basic trading videos along with the FAQ. Apparently there are also web sessions.

What about fees? In this respect, Binarycent is not so bad. There’s a minimum withdrawal threshold of $50, and a $50 fee applies to wire transfers internationally. Aside from that, there are no withdrawal fees.

One downside is that there is a turnover fee even if you do not accept a bonus. Thankfully it is only 1×. You can optionally get around it by paying a 20% fee for your withdrawal. Considering I have seen 20% fees for all withdrawals on some other sites, this is not the worst thing in the world, though it is not great either.

Trading on Binarycent

If you do decide to trade on this site, you will be on a proprietary platform. The platform itself is attractive enough, and allows you to trade a minimum of 10 cents. There is no maximum trade size.

There is essentially only one type of trade available on the site. The three listed types are Turbo, Intraday, and Long Term, but these are all basic High/Low trades with different expiry times. Other websites provide other types of trades such as One Touch, Range, Pairs or Ladder. Considering that you are limited to only one basic type of trade and 27 assets, this is not the most flexible website for trading binary options.

Reputation and Customer Service

One odd thing I noticed on the home page near the top is a logo that says, “Best Broker 2020 Fair Binary Options.”

There are two reasons that this is unexpected. The first is that the site launched in 2020, and so did not exist in 2020. The second is that there is a review of Binarycent over on Fair Binary Options, but it is decidedly unfavorable. Fair Binary Options only give the site a one star rating.

I was chatting with customer service at the time that I noticed this. I will say that for the most part the agent I was speaking to actually did answer the majority of my questions quickly and thoroughly. So the initial impression was not bad. But when I got to my question about the discrepancy in dates between the founding of the site and the award, I got a long delay, followed by, “Can not see it, but I will ask our technical department. Thank you.”

I realized I had not explained the exact location of this award very effectively, so I tried again. At that point, the agent went completely silent and never responded to me again. It would be pretty hard to miss the award logo, and regardless, she had no business simply abandoning the chat line. She should have at least told me again that she did not see it. Instead, she essentially decided to ignore me and hope that I went away.

You can make what you will of this story. I suppose there might be some explanation, but both the discrepancies and the inability of the customer service agent to explain them is a bit concerning to say the least.

Conclusion: Avoid Binarycent for Now

For the time being, there really is no reason to recommend trading at Binarycent. I would not go so far as to say outright that this site is a scam, because I do not honestly have enough information to do that. What I can say is that it is incomplete and riddled with inconsistencies, and as such is not conducive to trust in any way. Being as there are quite a few better brokers out there, I would suggest going elsewhere to trade binary options.

Binarycent , 4.7 out of 10 based on 3 ratings

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Like this post? Please share to your friends:
How To Make Money on Binary Options Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: