Binary.com Review 2020

Binary.com Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

Binary.com Guide

Binary.com are an online broker founded in 2014 offering Binary Options trading.

Binary.com are a global broker and have a head office in United States.

Binary.com have a listed stock symbol. This means that Binary.com have publically listed and you can officially buy shares in Binary.com on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Binary.com we break down the pros and cons. What Binary.com are able to offer, what countries Binary.com are available in. Who Binary.com are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Binary.com

  • Regulated by: Unregulated
  • Headquarters Country : United States
  • Foundation year 2014
  • Min Deposit : 250
  • Used by over 10,000 traders
  • Binary.com is not available in the following countries :
Open Binary.com's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Binary.com

With this review we hope to help you see if Binary.com is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Binary.com that will help you get off to a good start in the world of online trading.

Binary.com Review Table of Contents

Binary.com what you should know

Binary.com offer one way to trade: Binary Options.

With Binary.com you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with Binary.com platform.

Binary.com are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Binary.com safe?

When choosing a broker like Binary.com the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2014, and in operation for 6 years Binary.com have a head office in United States.

Binary.com is regulated. This means Binary.com are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binary.com, this will be honored. If Binary.com violate any regulatory rules their regulated status could be stripped.

Any payments funded to Binary.com accounts by traders are held in a segregated bank account.

For added security Binary.com use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Binary.com. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Binary.com

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker binary.com eToro XTB Trading212
Year Established 2014 2006 2002 2006
Head Office United States Cyprus, UK Poland UK
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Binary.com Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Binary.com Pros and Cons

What we like about Binary.com

  • Used by over 10,000 traders
  • Established in 2014
  • Regulated by Unregulated
  • Min. deposit from $250

What we don't like about Binary.com

Binary.com Financial Regulation and Supervision in more detail

Binary.com are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Binary.com that are not regulated yet appear to be legitimate.

Binary.com maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Binary.com you are not guarenteed help in a difficult situation.

  • Unregulated

Binary.com General Fees

  • Binary.com withdrawal fees varies on payment method
  • Binary.com does charge inactivity fees
  • Binary.com does charge deposit fees
Broker binary.com eToro XTB Trading212
Min Deposit 250 200 0 1
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

Binary.com Commissions

  • Binary.com does charge commission on CFD instruments.

What can you trade with Binary.com?

You can trade a wide variety of instruments with Binary.com over 53 instruments infact.

If you are looking at trading currency pairs Binary.com offer over currency pairs.

Compare Binary.com with eToro and XTB below.

Your capital is at risk

Broker binary.com eToro XTB Trading212
Instruments Available 53 100 1,500 3000
Platforms MT4,iOS,MacBook,iPhone Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Binary.com Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit Binary.com Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit Binary.com Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Binary.com web platforms and other applications

Binary.com offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An Binary.com IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Binary.com also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See binary.com's platforms

Binary.com Trading benefits :

  • Low min deposit

Binary.com Trading Accounts Offered :

  • Demo account
  • Mini account
  • Islamic account

Can I try Binary.com before I buy?

Binary.com offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Binary.com withdrawl and funding methods.

Binary.com offer the below funding payment methods. learn more about Binary.com

  • Skrill
  • Neteller
  • UnionPay
Broker binary.com eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes No
Neteller Yes Yes Yes No

How can I start trading with Binary.com?

When opening a trading account with Binary.com, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binary.com trading platforms here.

Performing trades with Binary.com

Binary.com allow you to execute a minimum of trade of $1. This may vary depending on the account you open. Binary.com allow you to execute a maxium trade of varies.

As a market maker, Binary.com may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Binary.com

To trade effectively with Binary.com, it's important to get a have a good understanding of the Binary.com trading tools and the markets.

Binary.com offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Binary.com.

Take time to look around the Binary.com platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Binary.com

Binary.com support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Binary.com have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Binary.com less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Binary.com

We tested the Binary.com live chat and it works well. We sent messages to Binary.com livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Binary.com support in multiple languages in multiple countries. Binary.com where able to resolve our customer issues.

Email Support at Binary.com

Binary.com does not offer Email Support.

Phone Support at Binary.com

We called Binary.com and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Binary.com phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Binary.com team by calling in varying languages. Binary.com made an effort to make sure our queries were answered.

Overall the phone support from Binary.com was okay.

See how Binary.com Support Compares Against Other Brokers

Broker binary.com eToro XTB Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Binary.com Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

What you will need to open an account with Binary.com

As Binary.com is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Binary.com's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Binary.com you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.binary.com/ on 12th August 2018.

Is Binary.com A Good Broker?

We spent over 3 months examining Binary.com in depth. Although we found some very useful aspects of the Binary.com platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Binary.com broker.

  • Binary.com have a good track record of offering Binary Options.
  • Binary.com has a history of over 6 years.
  • Binary.com has a reasonable sized customer support of at least 10.
  • Binary.com are regulated by Unregulated. This means Binary.com fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Binary.com have regulation from a Tier 1 reputable country.
  • Binary.com has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Binary.com have an international presence in multiple countries. This includes local Binary.com seminars and training.
  • Binary.com are able to hire people from various locations in the world who can better communicate in your local language.

Binary.com Risk Disclaimer

Your capital is at risk

Binary.com not quite right?

Check out these Binary.com Alternatives

We have spent years researching the best alternatives to Binary.com. Click the links below to learn more.

If you feel some of the above Binary.com are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Binary.com alternatives below.

Related Binary.com Comparisons

If you would like to see how Binary.com stands up against other brokers you can read some of our Binary.com comparisons below. We compare side by side some of our top rated Binary.com versus comparisons. Read some indepth Binary.com VS pages below.

BINARY.COM Frequently Asked Questions

Can I try Binary.com before I buy?

Binary.com offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Binary.com accept?

Binary.com offer the following funding payment methodsSkrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is Binary.com safe?

While Binary.com may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Binary.com accounts by traders are held in a segregated bank account. For added security Binary.com use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Binary.com trading good?

While Binary.com may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.Binary.com is used by over Binary.com active traders. Binary.com offers Binary Options trading. Minimum deposit with Binary.com is mindeposit.

Is Binary.com trading Legit?

Binary.com was founded in United States in 2014. Binary.com has been facilitating trade on the financial markets for over 6 years. Binary.com offers clients Binary Options trading. All funds deposited to Binary.com are held in segregated tier 1 bank accounts for security. Binary.com is not regulated. Although this doesnt mean Binary.com are awful, we recommend trading with regulated brokers.

Is Binary.com a good broker?

Binary.com is not regulated by a top tier financial regulator. While many traders may still find trading with Binary.com useful, we recommend only trading with a broker that has regulation.Binary.com allows Binary Options trading.

Is Binary.com trustworthy broker?

While having many plus points because Binary.com is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Binary.com?

The minimum deposit to trade with Binary.com is 250.

How long do Binary.com withdrawals take?

Withdrawing money from Binary.com processing time varies but averages 2-5 days.

Is Binary.com regulated?

Binary.com is not regulated by a top tier financial regulator.

Is Binary.com a market maker?

Binary.com is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Binary.com?

When opening a trading account with Binary.com, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binary.com trading platforms here.

Is my money safe with Binary.com?

Binary.com is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Binary.com is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binary.com, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Binary.com a con?

While we would noy say that Binary.com is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Binary.com?

Although traders have had great success with Binary.com. Trading on the financial markets with Binary.com is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Binary.com have fees?

Binary.com withdrawal fees varies on payment method. Binary.com does charge inactivity fees. Binary.com does charge deposit fees.

When was Binary.com founded?

Binary.com was founded in 2014.

How many people use Binary.com?

Binary.com is used by over 10000 registered traders.

What is Binary.com Headquarters country?

Binary.com has its head quarters office in United States.

Does Binary.com offer negative balance protection?

Binary.com does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Binary.com offer guaranteed stop loss?

Binary.com does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Binary.com allow scalping?

Binary.com does not offer scalping.

Does Binary.com allow hedging?

Binary.com does not offer hedging.

Does Binary.com offer CFD trading?

Binary.com does not offer CFD trading.

Does Binary.com offer STP?

Binary.com does not offer STP trading.

How many people use Binary.com?

Binary.com is used by over 10000 traders.

Is Binary.com an ECN broker?

Binary.com does not offer ECN trading.

Does Binary.com offer a demo account?

Binary.com offers a demo account.

Does Binary.com offer an Islamic account?

Binary.com offers a Islamic accounts.

What are the funding methods for Binary.com?

Binary.com accept the following funding methods : Skrill, Neteller, UnionPay,

Binary.com review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Binary.com brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Binary.com review written by Mark Hansen of Comparebrokers.co