Binary.com Review
Binary.com
Details
| Broker | Binary.com |
|---|---|
| Website URL | Binary.com |
| Founded | 1999 |
| Headquarters | W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta |
| Support Number | +44 (0) 1666 800042 |
| Support Types | phone , online help , email |
| Languages | 11 languages supported |
| Trading Platform | SmartTrader | Tick Trade Android App | MT5 | Binary WebTrader |
| Minimum 1st Deposit | $5 |
| Minimum Account Size | $5 |
| Minimum Trade Amount | $1 |
| Maximum Trade Amount | $50,000 |
| Bonus | No bonus |
| Leverage | 1:200 |
| Free Demo Account | Open Demo |
| Regulated |
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| Regulation | regulated in Malta, the United Kingdom, and the Isle of Man |
| Fees |
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| Account Types | binary options account , MT5 Financial , MT5 Synthetic Indices |
| Deposit Methods | credit card , Bank transfer , Neteller , Skrill , crypto , others |
| Withdrawal Methods | credit card , Bank transfer , Neteller , Skrill , crypto , others |
| Number of Assets | 100+ |
| Types of Assets | binary options, forex, crypto, CFDs, metals |
| US Traders Allowed |  |
| Mobile Trading |
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| Tablet Trading |
|
| Overall Score | 70 |
Binary.com is a company founded in 1999, well-known for its reputation in the online binary trading world. At the present time, the company offers more diverse trading services, since it has included forex, crypto, CFDs, and metals trading, as well as the innovative MetaTrader 5 platform. Using binary.com, clients can trade a wider range of instruments 24/7, with flexible pricing and comprehensive products. According to the information available on its website, the company currently has more than 80,000 active clients and close to $1 billion in turnover in 2018.
Trading Platforms
In order to help different types of traders, binary.com had developed targeted trading platforms. Software for beginners includes the SmartTrader – a premier binary options trading platform which enables clients to trade in the world’s financial markets with a simple and user-friendly online platform. The Tick Trade Android App is an ultra-fast on-the-go trading solution and one of the fastest type of trading tool. Also, if you want to study financial data you can use TradingView and SmartCharts, two charting tools available.
For advanced traders, the MetaTrader 5 had been included, offering the ability to trade Forex, CFDs, and binary options with a reputable platform. The Binary WebTrader is the advanced binary options trading interface which helps to monitor the movements of your favorite assets. Binary Bot, on the other hand, is an auto-trader programming tool which will automate your trading strategies.
Regulation
In the European Union, financial products are offered by Binary Investments Ltd, located in Malta, which is licensed and regulated as a Category 3 Investment Services Provider by the Malta Financial Services Authority. In the UK and the Isle of Man, Volatility Indices are offered by Binary Ltd, licensed and regulated by the Gambling Supervision Commission in the Isle of Man, and by the Gambling Commission in the UK.
Account Types
If you want to trade binary options, with binary.com you are able to choose from a Virtual Account, which will offer you $10,000 in virtual credit to test the platform, as well as your trading strategy. A real binary options account is also available, with the potential to fund it using fiat money or cryptocurrencies.
Forex and CFDs traders can choose from three different MT5 accounts. In order to test services as well as practice trading, MT5 demo will do the work. An MT5 Financial is a real-money account for Forex and CFDs, with 100+ tradable instruments. Thirdly, The MT5 Synthetic Indices account is a real account for synthetic indices only.
Promotions
At the present time, binary.com does not run any important trading promotion for its customers. You only have the Affiliate and Introducing Broker partnership offers, if you want to earn a commission from referring other people.
Pros and Cons
- Multiple payment methods, including cryptocurrencies.
- Flexibility in trading conditions.
- Multiple trading platforms available.
- The company is associated with gambling.
- Not available for US residents.
- No trading bonuses or promotions available.
Educational Material
For clients who want to learn more about trading, the binary.com academy has a lot of useful resources. The company also offers training videos, weekly market updates, webinars, and weekly trading signals.
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