Traders will be pleased to find out that this broker is not a scam. Even though they are relatively new to the binary industry, they have managed to earn a positive reputation. BinaryCapitalMarkets is owned by the company G.S.E Golden Sky Europe Ltd. As already mentioned, it is licensed by the biggest regional watchdog CySEC, under license number 293/16. A regulatory status should make traders feel more at ease when trading with this broker since they are obliged to abide by certain rules set in place by this authority.
To the best of our knowledge, this broker has always played by the rules of the industry and exercised fair business practices to ensure it has its clients’ best interests at heart. In compliance with KYC policies, all traders are required to submit proof of identification documents, in order to start trading with BinaryCapitalMarkets.
They also offer various deposit and withdrawal methods, including bank wire and all the biggest credit card names, to suit most traders. When making a deposit, traders can choose their currency from USD, EUR or GBP.
Minimum withdrawal amount is set at $100, which is quite a fair amount in our opinion. Withdrawal processes usually take around 3 days at most, with higher level accounts enjoying the benefits of faster withdrawals.