Binary Trading Scam Or Real

Binary.com Review

100+ Assets
A+ Mobile App
Fast Payouts
Low Deposit

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Editors Summary

Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to take the added advantage that you can open an account with as little as $5. Their focus seems to be on the ease of use when it comes to trading and the fact that they boast a unique trading platform. During our thorough and detailed Binary.com review process, we found a few complaints and no evidence that this banker is a scam.

Pros And Cons

Over 100+ assets to merchandise at present

Award-winning high tech platform

Minimum deposit of only $5

The unique 'stock-still odds' trading

Boilerplate withdrawal time of five days

Express bonus and special features

Introduction

Updated May, 2021 Category - Reviews 37 Views Today

Owned by Regents Market place Group, Binary.com was beginning set up in 1999 and licensed in the Isle of mann and Malta. As one of the more than established binary options brokers, Binary.com wasn't always known by this name. In fact, until 2013 it was known every bit BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.

With offices in Malta, Malaysia and Nippon, the company now has over ane million registered accounts worldwide and handles approximately fifteen transactions per second. The site is published in 12 languages to cater to their worldwide clients. These are English, Japanese, Chinese, Arabic, Shine, German, French, Spanish, Portuguese, Italian and Russian.

A multi-award winning trading platform Binary.com's success is built on their flexible trading, simplicity, sharp prices, trust and security. With over 2 billion dollars traded to appointment and their commitment to providing a first course client service, they have managed to maintain their position while many others take entered the market around them.

Account Types

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Dissimilar many brokers, there isn't a menu of accounts to choose from, there are just Virtual and Real accounts.

Virtual Account

When you visit the desktop or mobile site, you are encouraged to open an account, simply it'south a Virtual Account, not a Existent Account. Follow the steps to open up an account, and you lot are asked to enter a verification lawmaking sent by e-postal service to complete the process. Once you have done this, you lot have your very own live Binary.com demo business relationship with $10,000 to practice with. A Virtual Business relationship or "demo account" every bit they are also known to permit the novice trader to do and get used to trading binary options before risking their own real money.

Existent Account

In one case you accept got to grips with the platform via your Virtual Business relationship, yous can then open a Existent Business relationship with as little every bit $five. This low deposit amount is much more attainable than other binary options brokers who require a minimum of 250 dollars and is a contributor to their popularity with so many account holders. It's a swift and easy procedure to open a Real Account, and with a few simple details within minutes, your business relationship is live, and you are ready to trade. In that location is a menu box that allows you to motion between your Real Account and your Virtual Account and to cease you getting carried abroad you are asked if yous would like to receive an update or "reality check" and at what intervals.

Supported Languages

Merchandise Features And Payouts

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The payout percentage changes in real time for all trade types. Unlike other brokers that may state a payout of 85% for a uncomplicated binary telephone call/put trade the Binary.com platform updates as you sentry. Second, by second the payout amount rises and falls, allowing y'all to choice when to make your merchandise. As an indication, the trader can look to achieve a return of around 85-86% for a successful trade. The minimum merchandise amount is just $5, which makes this a decent beginner broker.

Equally with many of its peers, the Binary.com platform offers the following types of trades.

Telephone call/Put Trades

This merchandise type has 2 options. Ascension/Autumn or High/Depression; A simple prediction of whether the asset will rise or fall in price in the allotted time.

Touch on/No Impact Trades

Profits are much higher with the blazon of trade with a return of around 1,000%. Again it is difficult to predict the exact return as the prices change in real time.

In/Out Trades

With In/Out trading, there are two options. Ends In/Out or Stay In/Goes Out with returns again of effectually 1000%.

Bonuses And Promotions

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With such a depression eolith amount required, it is no surprise that Binary.com don't need lots of bonny bonuses to entice people to sign up to their trading platform. However, in that location is a $twenty welcome bonus offered to those that open an account with but v dollars. It isn't something that is widely advertised, however, and someone wishing to open up an account in this mode would need to search for Binary.com bonus to find the option.

Mobile Trading

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While Binary.com has fabricated many technological advancements and offer such an intuitive trading platform; there is no mention of a dedicated mobile app. Upon further investigation, when searching the App Store on iOS or Google Play, it would confirm that there is no app available for both iPhone, iPad or Android devices. That said the mobile platform is highly functional, straightforward to use and non overcomplicated.

Opening an account on any site on a Smart Telephone can sometimes be a fiddly experience, only when you sign upward to Binary.com, the data input boxes are clear, functional and easy to use while being big plenty to run into what you are doing without squinting.

One of the groovy features of the mobile is the prominence of the account that the trader is currently using. In the acme right-hand corner of the screen is a drib down box with the option to switch between accounts. Likewise every bit a clearly labelled differentiation between the virtual and the Existent Account there is also the account number, so you don't have to go rooting around should you lot ever need to telephone call support.

Traders tin can expect to achieve an splendid charge per unit of render with Binary.com, around 86%.

Deposits And Withdrawals

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At that place are many ways to eolith funds into your Binary.com trading account. Choose from debit or credit carte; Visa, Mastercard or Matrimony Pay. Y'all can likewise apply a Banking company Wire or Money transfer, or one of many Due east-Cash methods such as Skrill or OK Pay. As previously mentioned the initial minimum deposit amount required is only $5 and cleared funds volition be available to start trading immediately.

Withdrawals are fabricated via the same method as deposits, so if you made your eolith via a credit card any money that is withdrawn volition be sent dorsum to the same card. Once a withdrawal is requested, a verification token is sent via electronic mail to ensure security. It so takes betwixt ane and v days for the money to be returned. The processing time depends entirely on whether y'all are using a wire transfer, credit or debit card or e-cash.

We suggest all traders to ensure they have followed the proper verification and identification process to avert whatever withdrawal problems. While performing our Binary.com review, nosotros had no cyberbanking bug to report.

Special Features

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One of the fundamental features of Binary.com is its unique "stock-still odds" trading platform. The platform allows you to ready your trading price and tells you the amount you will be returned, which essentially allows you to choose your turn a profit. When you start trading the amount needed to achieve a 10 dollar render, for example, will motility upward and downwards in forepart of your eyes. One time you lot confirm your trade, information technology is locked in, and your payout amount remains fixed.

Equally mentioned above, it is axiomatic that the critical feature of Binary.com is the fact that you can open an business relationship with only $5. While many competitors offer a lengthy and perchance complicated bill of fare of accounts and options, this depression deposit option is probably the key reason that they take every bit many account holders equally they practice.

Customer Support

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With many binary options traders, yous can log in and immediately encounter how to contact a member of customer back up. This may exist in the grade of an intrusive alive chat box that pops upward to check you lot are ok or by a prominent button should you need to commencement a live chat. With many brokers, you lot will find a list of numbers depending on your country and a list of contact methods.

Now while all of this is available with Binary.com, it isn't as visible, and you do need to go looking for it. By scrolling to the lesser of the desktop site, you will find a pocket-sized "Contact the states" link. Once y'all open up this page, yous do get a option of telephone numbers, electronic mail or live chat and on further examination, there is a drop downwardly box to allow you to choose the relevant country y'all wish to call. There is also a list of addresses to write to.

Contact Details

We want to help our readers in whatsoever way we can, just sometimes it's better to talk directly with your investing site to go the answers y'all demand. For case if you lot have a specific query about your business relationship you'll demand to contact them in person due to security.

Alternatively, if you detect that contacting your investing partner isn't working, you lot can contact united states and we volition be more than happy to attempt on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Conclusion

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Hither nosotros're going to wrap upward our Binary.com review. Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to accept the added advantage of many of the leading binary options traders in that you can open an account with every bit trivial as $five. This may exist a reflection of their "no frills" offering with the lack of an app and other features that you might expect to find. The information on offering is basic, and they don't announced to shout most the benefits of the platform. Their focus seems to be on the ease of employ when it comes to trading and the fact that they avowal a unique trading platform.

During our thorough and detailed Binary.com review process, we found a few complaints and no bear witness that this broker is a scam. Their longevity stands them in skilful stead, and they take built up their legit large following through trust and reputation. The risk of binary options trading isn't any less with Binary.com, but it does allow the trader to "dip their toe" without committing as much as they would with other traders.

Expert Reviews

Frequently Asked Questions

Is Binary.com legit, will they scam me?: Binary.com is licensed and regulated in Republic of malta, the United kingdom, the Isle of Human and Republic of ireland. They have won many awards, and like all brokers, nosotros have put them through stringent vetting procedures.
Can I start trading on a gratuitous demo account?: In that location are simply two accounts bachelor on the Binary.com platform, a virtual (demo) account or a real account. Once you take entered the site, you are proficient to starting time trading with $10,000 of virtual greenbacks.

Elevation Rated Options Site

#ane - Pocket Selection: All-time Overall

Bonus Up-to $2749 Assets 130+

Min. Merchandise $1 *Payout % 92.76%

Over 130+ assets to merchandise now

Instant access to social trading

Unmarried account option, for everyone

Tournament with prize of $50,000

IFMRRC is not an official regulator

Limited account funding methods

Meet The Author

Robert Sammut

Trading Coach

Robert has consulted for our website for five years and is a well-established member of the squad. While he is passionate about the site, most of Robert's time is focused on his current position as CEO of a professional coaching company.