BINARY. COM REVIEW 2020 – SCAM OR NOT?
Do you search for trusted information and experience with Binary.com? – Then are you completely right on this website. With more than 5 years of experience in trading, I will check in this review if Binary.com is a scam or a reliable broker. In the following text, I will show you the conditions of the company and how to trade. Is it really worth to invest your money there? – Find it out in this review.
WHAT IS BINARY? – THE BROKER PRESENTED
Binary.com is a international broker for different financial instruments. On the innovative platform you can trade Binary Options, Forex, CFDs, or Cryptos 24/7 per week. Binary is based in Malta and the British Isles. Since 1999 the company has a proven track record with awards and improvements for their clients. In 2018 there were more than 80.000 active clients and the number is rising for the following years.
Binary Investments Ltd operates in the EU which is based in Malta and Binary (IOM) is based on the British Isles and acts internationally. So traders are connected to different parts of the company depending on their country. All in all, Binary.com is one of the experienced brokers for trading financial products and derivates.
Facts about the company:
- Founded in 1999
- International broker with a good track record
- Award winning company
- Based in Malta and British Isles
- International offices
- More than 80.000 active clients with 1 billion turnover
Is Binary.com regulated and safe?
Safety is one of the important factors when it comes to online trading. You can read many complaints on the internet about unregulated brokers who manipulate charts or steal customer’s money. So the first thing you have to do if you are searching for a new online broker does research about the regulation of the company.
Binary.com got more than 1 regulation and license which shows me that the broker is trusted. Have a look at the facts below. In addition, the company is debt-free and uses European top tier banks for money transactions. For customer payments, there are only regulated payment methods available.
Facts about the regulation:
- Fully regulated and registered in Europe
- Binary (Europe) Limited is regulated by the Malta Financial Service Authority
- Binary (IOM) Limited is regulated by UK Gambling Commission
- Binary (SVG) is registered in St. Vincent and the Grenadines
- Binary (V) Ltd is regulated by the Vanuatu Financial Service Commission
- Binary (FX) Ltd is regulated by the Labuan Financial Service Authority
In conclusion, Binary.com is a secure and regulated broker. There is no problem with money transactions and the company does the payouts fast. For example, in 2018 more than 150 million USD are withdrawn by clients. With Binary you can trade safe financial products and Binary Options.
Review of the conditions for traders – Huge range of options
What is Binary offering to its clients? – You can trade with different financial products more than 200 markets. If you create an account you are able to invest in Forex, CFDs, Cryptocurrencies, and Metals. The most popular financial instrument on the platform is Binary Options. It is possible to earn a high profit in a small-time horizon.
Traders can start with a minimum deposit of 5$ to open a live account. The demo account is free and unlimited to use. Trades can start with a small investment of 1$. Another advantage of the broker is that it is a userfriendly platform for cryptocurrencies. Traders can choose between a cryptocurrency account or a normal money account.
The yield for Binary Options is between 80% and 100%. This is a very high amount and better than most other brokers. Furthermore spreads for CFDs and Forex are competitive and starting with 1.0 pips. Binary.com offers additional tools for their traders which can increase your trading profit by using different strategies. I will review that later. In conclusion, Binary knows what a trader needs to invest in the financial markets. The conditions are better than the most online brokers.
Facts about the conditions:
- Minimum deposit only 5$ and minimum trade amount 1$
- Normal accounts or cryptocurrency accounts
- More than 200 different markets (Forex, CFD, Metals, Crypto)
- Trade Binary Options, Forex, and CFD with one platform
- Payout up to 100%
- Spreads starting 1.0 pips
TEST OF THE BINARY.COM TRADING PLATFORMS
Binary.com offers different trading platforms which I will present to you in the following section. Overall the platforms are very userfriendly and easy to use. Beginners will find exact tutorials for the trade execution.
Since Binary.com offers different financial products you can use special platforms for them. In the SmartTrader it is possible to trade any options you want with Binary. More advanced traders can use the WebTrader. There are more functions for analysis and trading available. In addition, there is a big advantage, because traders can trade more than one chart simultaneously. Also, you can invent your own automatic strategy very easy with the BinaryBot.
For Forex and CFD trading there is the well-known platform Metatrader 5. This platform offers all that you need to do professional trading. Choose indicators, analysis tools, or programs for your investment. Traders can adapt the trading platform to their trading style.
These platforms are available:
- SmartTrader for any type of Binary Options
- WebTrader for more detailed analysis and multi-charting
- Binary Bot for invent your own automatic strategy
- Metatrader 5 for Forex and CFD Trading
- Ladders for trading Ladder Options
Review of the SmartTrader
When it comes to successful trading charting is very important for your analysis and result of investments. Especially for short-time Binary Options or investments technical analysis can give you a very high hit rate.
Binary.com offers in its platform different types of charts. Choose between 7 different chart types. Also, the tick chart is available which is missing on a lot of other trading platforms. Traders can use free indicators for the analysis. Configure them as you want and adjust them to your chart. The SmartTrader and the other platforms offer you all types of analytical stuff to do professional and successful trading.
Charting and analysis:
- Professional charting and analysis is possible with Binary.com
- Use free indicators and analysis tools
- Configure the charts like you want
- More than 7 charttypes and tickchart available
- Drawing tools
- Comparision tools
- Multi charting
Trading Interface – How to trade Binary Options?
In comparison, Binary offers the best trading interface for its clients. In the picture below you see the interface and in the following section, I will show you how to trade on the platform.
You can see what you have to do on the platform in order to get a trade placed in the markets. For Binary Options there are a lot of different functions which configure your trade. For example, you can choose between different time horizons and expiry time. Also, it is possible to trade Binary Options based on ticks.
Trade without conflict of interest
With Binary.com you trade without conflict of interest. It is like the broker IQ Option who matches the orders intern between traders. You can see in the interface that the yield is always changing. The average yield is between 70% and 100%. The broker has to secure the risk and this affects the yield of Binary Options.
Trading tutorial: The principle of Binary Options
On the one hand, Binary Options are very risky to trade because you can lose your investment. On the other hand, it is a very easy principle which allows you to make a high profit in a short time horizon. For beginners, there are good explanations of the trading principle on the homepage of Binary.com. In the following text, I will show you how to trade the financial product correctly.
Traders can bet on rising or falling markets. It is possible to trade Forex, commodities, stocks, or cryptocurrencies. The advantage of Binary Options is that your risk is limited with the chance of a high profit. Furthermore, the price has to be only one point above or under your entry point. Just choose the expiry time of the trade and make a forecast of the price movement.
Step by step tutorial:
- Choose a market and analyse the chart
- Choose your investment amount
- Make a forcast of the price movement
- Choose a expiry time
- Invest in falling or rising prices
- Start trading
- Earn a high profit or loose your investment
Trade automatically with the BinaryBot
Binary.com is one of the few Binary Options Brokers who allow automatic trading. On the platform BinaryBot, you can create your own automatic strategy. The platform offers you the options which you need to create a system. From my experience, it is not easy to create a bot for beginners. You have to know about programming.
Beginners can watch tutorial videos on this special topic or can even ask the support for service and help. The BinaryBot offers you different options to implement in your strategy. You can invent any strategy which you can formulate into speech.
Programm your own automatic strategy:
- Trade definitions for Binary Options
- Tick Analysis
- Implement indicators and analysis tools
In conclusion, the BinaryBot is a very good chance to earn a high and passive profit from the markets. I mentioned it earlier that Binary.com is on of the few brokers who allows automatic trading and this is a huge advantage for the company.
Professional Forex and CFD Platform Metatrader 5
Metatrader 5 is the most popular platform for Forex and CFD Trading. The platform is available for any device and you can start trading with Binary.com. You only need one account for the platform on any device.
The platform is like the WebTrader but you can configure more tools and functions. In addition, this platform is only available for Forex and CFD. It is a different financial product like Binary Options. It is more complicated to trade there but with some practice, you will understand it. You can invest in different assets and buy or sell them with high leverage.
The platform offers a huge range of tools for your trading. In addition, you can implement extern tools and install them if you want. Use indicators and analytic tools like in the other platform. Each tool is configurable. Furthermore, the handling of the order executions is simple and transparent. You can limit your risk with the stop loss and take a profit.
Facts about the Metatrader 5:
- For Forex and CFD Trading
- Available for any device and you only need one account
- Unlimited indicators and analytic tools
- Technical Analysis
- Automatic trading possible
Increase your profit with Ladder Options
The last platform I will present you is the platform for Ladder Options. This is a different type of Binary Options. It is the same execution tactic but you can earn more or less profit than Binary Options. The difference between these two financial products is that you can choose your entry point at a certain price.
That is why it is called “Ladder Options”. At the end of the trade, the price always has to be over or under your entry point. Ladder Options allow you new strategies because there are different barriers that you can choose.
The yield depends on your barrier (entry point) and is higher than 100%. From my, experience it is better to manage your risk because you can do less risky trades if you choose the right barrier. If you choose more risk the profit can be much higher.
Facts about Ladder Options:
- Same principle like Binary Options
- Choose between different barriers
- Different profit is possible
- Trade with less or higher risk
Mobile Trading: Binary.com Tick App is available
If you want to trade with your mobile device, it is possible with Binary.com. The platforms are available for mobile. You can install the Metatrader 5 as an app or use the Tick App for trading. The advantage is that you need one account for any device. You can trade with your computer and use the app at the same time.
Nowadays mobile trading is very important because more and more people use their smartphone daily. With Binary.com you can check your portfolio and trading positions at any time. React to economic or political news within seconds and trade the markets. In conclusion, the app completes the offer of the broker.
Facts about the App:
- Apps are available for Android, Apple (IOS), and desktop
- The Metatrader 5 is available as app
- Check your portfolio any time
- Customizeable like the WebTrader
Free and unlimited demo account (virtual account)
The demo account is the best way to practice trading on the platform. It is an account with virtual money which simulates the real trading. Beginners can trade freely and without risk the markets. I recommend using the demo account first before you start with real money.
Traders can gather knowledge about the platform and trade execution. Furthermore, it is important to practice and earn profit in the demo account. Advanced traders can try new strategies or markets to trade. In conclusion, the demo account is the best way to improve your trading and learn about the platform. Binary.com offers this account type free and unlimited.
Facts about the demo account:
- Filled with 10.000$
- Practise trading without risk
How to create your trading account:
It is very simple to open an account with Binary.com. Just insert your email address and get started. Also, it is possible to use your google or facebook account to sign up. For real money trading, the broker needs more information about your person. Fill out the form before you deposit and withdrawal.
Binary.com is a regulated company and as a result, they have to check your identity. Just upload a picture of your passport to get started. There are no account fees for you and the account opening is simple and fast.
How to deposit in Binary.com?
For a deposit, you can use more than 10 different payment methods. Sometimes the payment method is depending on your country but you will see that in your account dashboard. The minimum deposit for start trading is only 5$. There are no fees.
Most payment methods are electronic. That means the money is credited directly to your account balance. Also, you can use cryptocurrencies for the deposit. The account balance is available in cryptocurrencies too. Compared to other brokers it is a huge advantage.
Facts about the deposit:
- Minimum deposit 5$
- More than 10 different payment methods
- Cryptocurrency account is available
- No fees
Review of the withdrawal
As I mentioned before there is no conflict of interest with the broker. Withdrawals are working correctly and you can easy withdraw you profit. The minimum withdraw amount is like the deposit amount only 5$. There are no fees or hidden costs. But how long does it take to withdraw from Binary.com?
Normally it takes up to a maximum of 3 working days. The broker will accept your withdrawal after 1 working day but with some methods the payment processor needs some time. All in all, deposit and withdrawal are working very good with Binary.com.
Active payment methods:
- Bank Transfer (Minimum amount 500$)
- Internet Bank Transfer (Minimum amount 25$)
- Credit Cards (Minimum amount 10$)
- Skrill (Minimum amount 5$)
- Neteller (Minimum amount 5$)
- WebMoney (Minimum amount 5$)
- PaysafeCard (Minimum amount 5$)
- Stickpay (Minimum amount 5$)
- Bitcoin (Minimum amount 0.002)
- Ethereum (Minimum amount 0.01)
- Litecoin (Minimum amount 0.1)
- Tether (Minimum amount 1)
Support and service for traders
Binary.com offers real professional support in different languages. From my experience, it is the leader in technology and trading investments. More than 200 employees work for this company. There are offices worldwide which are working 24/5 per week.
If you got questions you can ask for help through the chat, phone, or email. Also, there is a big FAQ and help center for beginners. The support is working professional and fast. So customers should feel comfortable with it.
Facts about the support:
- Available 24/5
- Chat, phone, and email
- Professional educated employees
- FAQ and help center
The broker accepts traders from anywhere without the countries USA, Canada, Hong Kong. All other traders are accepted. The main audience is in Asia, Europe, and Africa. The broker always tries to improve the offer for traders and the support languages are now available in Chinese, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Thai, and Vietnamese.
The most growing countries for traders are:
- United Kingdom
Conclusion of the review: Is Binary.com legit?
Due to my research, I can confirm that Binary.com is not a scam broker. It is a fully regulated company which is founded in 1999 and since this year it is one of the most competent Broker for Binary Options. Start trading with the best technology for earing a high yield. Whether you want to invest short-term or long-term Binary.com is the right broker for you.
In conclusion, the facts about this company are speaking for themselves. I highly recommend using this company if you want to trade seriously. Also, I found no complaints about the broker on the internet.
The advantages of Binary:
- Full regulated company
- Working since 1999
- The best technology for trading
- Huge range of markets and options
- High yield up to 100%
- Small minimum deposit of 5$
- No hidden fees
- Professional support