Binary.com review
Binary.com is a Multi-Assets Trading Platform with over 53+ Assets
Binary.com is a multi asset platform with 53+ tradable Assets.
Assets available on Binary.com include Binary Options.
Binary.com trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Binary Options are considered financial assets.
Features of Binary.com
- Virtual Portfolio, or what is commonly known as a Demo Account
- Binary.com offers Advanced Financial Chart comparison tools
- Binary.com offers Research-backed analysis on financial markets and investments from top analysts
- The Binary.com platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- Binary.com offers a trading platform with tools for both New Traders and Seasoned Experts
- Binary.com users benefit from using the Binary.com platform in over 15 different languages
Binary.com review
What you should know
Binary.com offer one way to trade: Binary Options. The assets and products available to you on the Binary.com trading platform depends on the region of the world, you are in and the Binary.com entity you have an account.
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 considering Binary.com for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Binary.com, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2014, and in operation for 10 years Binary.com have a head office in United States.
Binary.com is not regulated. This means Binary.com are not supervised by any regulatory bodies.
Binary.com withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Binary.com are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Binary.com are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Binary.com and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Binary.com has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Binary.com will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Binary.com, you can enjoy peace of mind and focus on your trading activities.
Your capital is at risk
Is my money safe with Binary.com?
All payments made to Binary.com by traders are securely held in a segregated bank account.
Binary.com uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should Binary.com use them?
Binary.com partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Binary.com clients' funds.
Binary.com clients can have greater confidence in their financial security when working with a Tier 1 bank because Binary.com are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in Binary.com deposited in a Tier 1 bank?
Depositing funds with Binary.com ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Binary.com were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that Binary.com is a secure and safe platform.
Please be aware that trading in financial assets with Binary.com carries a risk of loss. Binary.com trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Binary Options due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
Binary.com emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Binary.com, let's closely examine its features.
To better understand the Binary.com trading platform, you can create two separate accounts - one with real money and the other a Binary.com demo account. A Binary.com demo account provides a risk-free environment for experimenting with the Binary.com platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Binary.com trading decisions.
Open a demo account Visit Binary.com
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How Binary.com as a Company Compare Against Other Brokers
| Broker |
binary.com
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Year Established | 2014 | 2007 | 2009 | 2007 |
| Head Office | United States | Australia | Belize | Cyprus, UK |
| Regulation | Unregulated | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
| Used By | 10,000+ Binary.com users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
| Negative balance protection | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | |
| Learn More | Visit Binary.com | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
Binary.com review
Binary.com Pros and Cons
Binary.com review
Binary.com Regulation and Licensing in more detail
The online broker Binary.com is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with Binary.com, you may not receive adequate help or recourse.
- Unregulated
Is Binary.com Global?
Yes, Binary.com is global as Binary.com is available in over 194 countries.
Binary.com is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Binary.com covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Binary.com has a total of more than 10,000 users.
Binary.com review
Binary.com Fees Explained
- Binary.com withdrawal fees varies on payment method
- Binary.com does charge a fee for inactive accounts.
- Binary.com does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Binary.com are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
Binary.com Costs To Check
Modern brokers like Binary.com provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Binary.com may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Binary.com trading profitability.
How Binary.com Fees Compare Against Other Brokers
| Broker |
binary.com
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Min Deposit | 250 | 200 | 10 | 100 |
| Withdrawal Fees | varies | No | Yes | Yes |
| Inactivity Fees | No | No | Yes | |
| Deposit Fees | Varies | No | No | |
| CFD Commission Fees | Yes | No | Yes |
Binary.com Minimum Deposit
Binary.com requires a minimum deposit of 250 GBP/USD/EUR when opening an Binary.com trading account.
A minimum deposit is the minimum amount of money required by Binary.com to open a new online brokerage account with them.
Don't be scared off by brokers like Binary.com charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like Binary.com, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
Binary.com Withdrawal Fees
The fees for withdrawing funds from your Binary.com account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Binary.com withdrawal request is important.
Binary.com Withdrawal rules may vary across different brokers when it comes to transferring funds from your Binary.com or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Binary.com may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the Binary.com withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Binary.com. Researching and comparing Binary.com withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Binary.com funds frequently or dealing with large sums of money. Awareness of these Binary.com fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Binary.com funds.
For example, Binary.com allows you to withdraw your funds to Bank wire, Money transfer, Credit cards, Debit Cards, Electronic wallets (eWallets), Cryptocurrencies.
Binary.com Inactivity Fees
Binary.com does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Binary.com terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all Binary.com fees and services. It's recommended that you check the Binary.com website before signing up. If you decide to close your Binary.com account, it's important to do so with the Binary.com broker customer support and obtain confirmation that no remaining Binary.com fees are due.
Brokers like Binary.com must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
Binary.com Deposit Fees
Binary.com do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
Binary.com Commission Fees
Binary.com does charge commission on CFD instruments.
Brokerage firms like Binary.com may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Binary.com trading account level held by the trader.
Binary.com may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Binary.com terms and conditions to understand the commission fees and any other charges that may apply is essential.
Binary.com review
What can you trade with Binary.com?
It's essential to note that the trading instruments offered under the Binary.com brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Binary.com trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with Binary.com over 53 instruments in fact.
If you want to trade currency pairs on global Forex markets, Binary.com offer over currency pairs.
Binary.com Compared To Other Brokers
Compare Binary.com with IC Markets and Roboforex below.
How Binary.com Trading Options Compare Against Other Brokers
| Broker |
binary.com
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Instruments Available | 53 | 2250 | 100 | 5000 |
| Platforms | MT4,iOS,MacBook,iPhone | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| FX / Currencies | ||||
| Forex pairs offered | 61 | 35 | 50 | |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | No | Yes | Yes | Yes |
| Exotic Forex pairs | No | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 20 | 21 | 31 |
| Metals | No | Yes | Yes | Yes |
| Energies | No | Yes | No | Yes |
| Agricultural | No | Yes | No | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 2100 | 0 | 2042 | |
| UK Shares | Yes | Yes | Yes | Yes |
| US Shares | No | Yes | Yes | Yes |
| German Shares | No | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | Yes |
| Risk Warning |
Visit Binary.com
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
Binary.com review
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.
A 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 trading apps help you stay on top of your trades and execute them on the go.
See Binary.com's platformsIs the Binary.com Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the Binary.com trading platform to protect you on PC and mobile Binary.com platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Binary.com web trading platforms.
Binary.com Trading Platform Options
After logging into your Binary.com account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that Binary.com does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
Binary.com does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options Binary.com gives you.
Binary.com review
Binary.com MetaTrader 4 (MT4)
Binary.com MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Binary.com offers traders comprehensive features and tools to enhance their trading performance. The Binary.com MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Binary.com platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Binary.com traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Binary.com traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Binary.com trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Binary.com MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Binary.com, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Binary.com MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Binary.com allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with Binary.com in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Binary.com MetaTrader 4 is compatible with the latest macOS. Binary.com allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on Binary.com
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade Binary.com MetaTrader 4 on iOS Devices
You can download the Binary.com app or trade with Binary.com through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Binary.com customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade Binary.com MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and Binary.com offers its clients access to the MetaTrader 4 platform on these devices. With the Binary.com MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Binary.com traders to stay on top of their trades and react quickly to changes in the market. With the Binary.com MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade Binary.com MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on Binary.com are a powerful bundle of three major indicators designed to help traders make informed decisions. Binary.com MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help Binary.com traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Binary.com traders to potentially stay one step ahead.
Binary.com MetaTrader 4 Advanced Trading Tools
The Binary.com MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Binary.com traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Binary.com provides traders with everything they need to succeed. The Binary.com MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Binary.com traders to analyze the market at any level of complexity.
Trade Binary.com MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
Binary.com MetaTrader 4 AutoChartist
Autochartist on the Binary.com platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for Binary.com MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, Binary.com traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Binary.com users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Binary.com traders can navigate the platform and find the information they need to make informed trading decisions.
Binary.com Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Binary.com traders of all experience levels.
Binary.com Trading benefits
- Binary.com Low min deposit
Binary.com Trading Accounts Offered
Below we give an overview of the account types that Binary.com offer. Whatever you are looking to trade, the varying Binary.com account types will be able to provide you with what you need.
- Binary.com Demo account
- Binary.com Mini account
- Binary.com Islamic account
Can I try Binary.com?
Binary.com provides a demo account that enables individuals to explore trading before investing their funds. By creating a Binary.com practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Binary.com demo account can help individuals to make informed decisions before investing their money.
Open a demo Binary.com account to practice and trade.
Your capital is at risk
Binary.com withdrawal and funding methods
It's essential to remember that the payment methods provided by Binary.com vary based on the Binary.com entity and the Binary.com client's country of residence. To view the Binary.com payment options available, you can log into your Binary.com member's area.
Binary.com offers various funding payment methods listed in your Binary.com dashboard if available in your region. To learn more about the Binary.com funding and withdrawal options available in your area, you can explore the Binary.com website.
Binary.com provides several payment methods for funding your Binary.com account. You may utilize any of these deposit options if they are available in your region. Binary.com ensures that users have multiple payment methods to choose from, making it more convenient for verified Binary.com account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Binary.com user's location. learn more about Binary.com funding and withdrawal methods.Binary.com Payment Methods
Some Binary.com payment methods are local and are available only to specific regions. Binary.com account holders should check which payment methods are provided in your region.- Binary.com accepts Bank wire
- Binary.com accepts Money transfer
- Binary.com accepts Credit cards
- Binary.com accepts Debit Cards
- Binary.com accepts Electronic wallets (eWallets)
- Binary.com accepts Cryptocurrencies
| Broker |
binary.com
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes |
| Paypal | No | Yes | No | Yes |
| Skrill | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | No |
| Neteller | No | Yes | Yes | Yes |
*please note available Binary.com and other broker payment methods depend on the clients country of residence.
How can I start trading with Binary.com?
To open a trading account with Binary.com, individuals can sign up on the Binary.com website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for Binary.com account validation and making a deposit. Once completed, Binary.com users can download the trading platform of their choice.
It's important to note that Binary.com requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Binary.com maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Binary.com trading platforms is available on their website.
Your capital is at risk
Performing trades with Binary.com
When using Binary.com, the minimum trade size is typically $1 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Binary.com have a max trade of varies.
Binary.com, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Binary.com can be useful for traders starting or with limited capital.
Like other brokers, Binary.com margin requirements can differ depending on the traded instrument.
Education Resources at Binary.com
To trade effectively with Binary.com, it's important to have a good understanding of the Binary.com trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Binary.com and externally.
Binary.com . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Binary.com. Familiarizing yourself with the Binary.com trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using Binary.com. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Binary.com involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like Binary.com, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with Binary.com. Explore the Binary.com platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Binary.com, before live trading.
Customer Support at Binary.com
As part of our Binary.com review, we review customer service options, response times and problem resolution effectiveness on the Binary.com trading platform. The Binary.com trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Binary.com Available Support Types
Based on our experience, we have given Binary.com a D grade for customer support. We encountered some slow response times or Binary.com queries that were left unanswered.
Compared to other brokers, Binary.com offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at Binary.com
Our team tested the live chat support of Binary.com and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested Binary.com support services in various countries and languages and found that Binary.com were able to effectively resolve our customer issues.
Email Support at Binary.com
Binary.com does not offer Email Support.
Phone Support at Binary.com
We contacted Binary.com via phone and received quick assistance within 10 minutes of our call.
The Binary.com phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Binary.com and found that they could assist us in various languages.
While we found the Binary.com phone support satisfactory, there is room for improvement in response time.
See how Binary.com Support Compares Against Other Brokers
| Broker |
binary.com
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Support |
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
| Learn More | Visit Binary.com | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with Binary.com
As Binary.com is regulated by Unregulated.
As a new client of Binary.com, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Binary.com in your region. During the Binary.com account opening process, you will be asked to provide Binary.com with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with Binary.com have the following documents available.
- Binary.com require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for Binary.com compliance. This must be dated within the last six months.
- If you plan to fund your Binary.com account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Binary.com platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under Binary.com Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Binary.com's platform.
However, remember that you won't be able to make trades on Binary.com until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Binary.com KYC compliance process as soon as possible to avoid any delays in accessing the Binary.com platform's features.
It is important to note that Binary.com may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Binary.com platform and features immediately. However, you must pass the verification process to start live trading with Binary.com, which can take up to a few business days.
To start the process of opening an account with Binary.com you can visit the Binary.com trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.binary.com/ on April 15, 2024.
Is Binary.com A Good Broker?
We have spent over 5 years examining Binary.com in depth. Although we found some very useful aspects of the Binary.com platform that would be useful to some traders. We feel that a alternative to Binary.com may better suit you.
- Binary.com have a good track record of offering Binary Options.
- Binary.com has a history of over 10 years.
- Binary.com has a reasonable sized customer support of at least 10.
- Binary.com are regulated by the Unregulated. Binary.com is subject to strict regulatory oversight from its respective jurisdiction, which holds Binary.com (the broker) accountable for misconduct. This regulatory framework helps ensure that Binary.com operates fairly and transparently and provides Binary.com customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Binary.com.
- Binary.com have regulation from reputable regulators.
- One of the advantages of using Binary.com is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Binary.com are particularly important as Binary.com traders want to receive their money quickly. With the efficient Binary.com payment processing system, traders can enjoy faster access to their Binary.com funds.
- Binary.com have an international presence in multiple countries. Including local Binary.com seminars and training.
- Binary.com can hire people from various locations in the world who can better communicate in your local language.
Binary.com Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
Binary.com not quite right?
If after reading this Binary.com review, Binary.com does not fulfill your needs check out these Binary.com Alternatives.
Click here to view the best Binary.com Alternatives
We have spent years researching the best alternatives to Binary.com. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective Binary.com alternatives available today. If you are unsatisfied with Binary.com or want to explore other options, we recommend checking out our carefully curated list of highly-rated Binary.com alternatives. Follow the links below to learn more about these Binary.com broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
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Related Binary.com Vs Comparisons
Throughout our comprehensive Binary.com review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing Binary.com against other popular brokers in the industry, check out our Binary.com Vs pages. Our team has compiled a series of detailed Binary.com comparison articles, pitting the Binary.com platform against some of the best-rated Binary.com competitors in the market. Dive into our informative Binary.com Vs pages below to find out how Binary.com stacks up against other leading brokers.
- Binary.com vs ICMarkets
- Binary.com vs Roboforex
- Binary.com vs eToro
- Binary.com vs XTB
- Binary.com vs XM
- Binary.com vs Pepperstone
- Binary.com vs AvaTrade
- Binary.com vs FPMarkets
- Binary.com vs NordFX
- Binary.com vs easyMarkets
- Binary.com vs SpreadEx
- Binary.com vs FxPro
- Binary.com vs Plus500
- Binary.com vs AdmiralMarkets
- Binary.com vs ThinkMarkets
- Binary.com vs FXPrimus
- Binary.com vs Trading212
- Binary.com vs ForexMart
- Binary.com vs Eightcap
- Binary.com vs ForTrade
- Binary.com vs InteractiveBrokers
- Binary.com vs Forex.com
- Binary.com vs IG
- Binary.com vs Robinhood
- Binary.com vs Coinbase
- Binary.com vs Binance
- Binary.com vs ETXCapital
- Binary.com vs CoreSpreads
Binary.com review
BINARY.COM Frequently Asked Questions
Read our detailed Binary.com FAQ Section updated for 2024.
Can I try Binary.com?
Binary.com offer a demo account so you can try the Binary.com platform with virtual trading before you put down a payment. Virtual trading with Binary.com is zero risk. Learn more here
What funding methods do Binary.com accept?
Please note that the list of payment methods below depends on the Binary.com Entity and the client's Country of Residence.
Binary.com offer the following funding payment methods Bank wire, Money transfer, Credit cards, Debit Cards, Electronic wallets (eWallets), Cryptocurrencies, among other payment methods.
Learn more here
Is Binary.com safe?
Binary.com have over 10,000 users. 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 bank's financial health and strength.Trading with Binary.com is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Binary.com unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is Binary.com trading good?
Binary.com is considered good and reputable to trade with Binary.com. Binary.com is used by over 10,000 traders and Binary.com users. Binary.com offers Binary Options trading. Minimum deposit with Binary.com is 250.
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 10 years. Binary.com offers clients Binary Options trading. All funds deposited to Binary.com are held in segregated bank accounts for security. Binary.com is not regulated. Although this doesn't mean Binary.com are awful, we recommend trading with regulated brokers.
Is Binary.com a good broker?
Binary.com allows Binary Options trading. Binary.com is overseen by the top tier financial regulators Unregulated so can be considered a good broker.
Is Binary.com trustworthy broker?
Despite any potential benefits associated with Binary.com, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like Binary.com, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.
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 depending on the method but averages 1-5 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 not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Binary.com trading platforms, you can follow the link provided below: Learn more about signing up with the Binary.com trading platform here. This will provide useful information and insights into the various trading platforms offered by Binary.com, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with Binary.com?
Yes your money is safe with Binary.com.
Overall, strict financial regulation is essential for ensuring that trading platforms like Binary.com operate fairly, transparently, and responsibly, which ultimately benefits all Binary.com stakeholders involved.
Trading platforms like Binary.com must have strict financial regulation for several reasons:
- Protecting Binary.com Investors: Strict financial regulation ensures that investors who use the Binary.com trading platform are protected against fraudulent or unethical behavior by the Binary.com platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Binary.com platform.
- Maintaining Binary.com Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Binary.com trading platform. Regulatory procedures reduce the likelihood of the Binary.com platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing Binary.com Transparency: Regulations require trading platforms like Binary.com to maintain detailed records and disclose Binary.com client information. Financial regulatory requirements enhances transparency and helps to build trust between the Binary.com platform and its investors.
Binary.com is regulated by the Unregulated. When selecting a broker such as Binary.com, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Binary.com ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Binary.com.
Is Binary.com a con?
While we would not say that Binary.com is a con. Because a top tier financial regulator does not regulate them, 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 vary on payment method.Binary.com does charge a fee for inactive accounts. Binary.com do 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 10,000 registered Binary.com users.
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, 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 guaranteed 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 Binary.com users and 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 an Islamic account.
What are the funding methods for Binary.com?
Please note that funding methods and options available with Binary.com can be found in the Binary.com Members area and depend on the Binary.com client’s country of residence. Please check your specific available payment methods on the Binary.com website. Binary.com accept the following funding methods : Bank wire, Money transfer, Credit cards, Debit Cards, Electronic wallets (eWallets), Cryptocurrencies.
Binary.com review written by Andrew Blumer and Mark Hansen
