Binary.com is a popular binary options broker, licensed and regulated by the MGA since 2012. Being regulated is always a positive sign that a broker operates legitimately and must adhere to strict regulations imposed by the financial watchdog. After years in the industry, they have built a solid reputation which is reflected in their trading platform and their unique product features, attracting thousands of traders from all corners of the globe.
Account Features
Traders will be pleased to discover that Binary.com provides the option of a free demo account. This is a great way to try out their platform with $10,000 virtual funds, before signing up for a real account and depositing actual cash.
If you do opt to sign up for a real account after testing the waters, the minimum deposit will set you back just $5. This is quite incredible and probably the lowest deposit amount we’ve ever come across in all our years of research.
The advanced charting tools allow for in-depth analysis of the pricing possibilities for each option before buying or selling.
They also recently introduced new High-Frequency Volatility Indices (HF Volatility) that run on four times the frequency of their current Volatility Indices.
Additionally, its website provides extensive educational resources, such as useful webinars, which enable users to expand their trading skills and knowledge. Their blog and facebook page keep traders up to date on their newest features as well as all the latest market new, via chart packages and live market data feeds.
The Randoms section, including Asian and Digits, is another exclusive feature of Binary.com, great for those traders looking for some entertainment.
Trading Software & Assets
Binary.com provides a vast array of assets and trading instruments, adding up to almost 100 in all and featuring many uncommon ones. You’ll definitely be spoilt for choice, as the opportunities are endless.
Their versatile, proprietary trading platform offers a unique range of underlying assets, including Volatility indices and Forex options. The appealing charting area takes up most of the page, making it easy to view all investments clearly and offers several different views of the quoted prices. The various technical analysis tools at traders’ disposal are also innovative and original compared to most other brokers.
Apart from the main binary web trader platform, their website also features trading CFDs on the popular MetaTrader5 platform and a NextGen app enabling trading on mobile devices, available for download in both the App Store and Google Play. Their Binary Bot platform allows traders to give auto trading a go by customizing their own trading robot which places trades on their behalf.
Binary.com offer 5 basic types of binary options from the traditional Touch options to more innovative types such as Tick Trades; these are super fast short term trades. Their SellOption enables traders to minimize risks by having the option to exit trades before the expiry time is due.
Moreover, all options on Binary.com’s platform display two possible positions side by side so traders can compare performance and then make their decision. A simple platform with advanced charting tools makes this broker a popular choice for both novice and experienced traders alike.
Payouts will vary according to expiry times and the chosen asset. However, higher payouts can be expected with options such as High/Low.
Customer Care & Services
Exceptional support services make Binary.com one of the better, more equipped brokers on the market. In fact, we tested out the support services ourselves and were pleasantly surprised to find that their friendly staff got back to us almost immediately. This is a nice change from some other brokers who are extremely difficult to get in touch with.
They provide multilingual toll-free phone support, as well as live chat. Customers may also get in touch by email if they prefer. With Binary.com, any issue will be tackled and resolved in a prompt and hassle-free manner. Their call-back feature, in particular, left a lasting impression, as it is a useful feature for brokers that should be implemented more widely.
This broker also teamed up with GamCare, an organisation that supports people suffering from gambling addiction.
Banking & Company Information
Binary.com is owned and operated by Binary Ltd. and licensed and regulated in Malta as well as the British Isles. This broker has always conducted its business in a very transparent way and it was also awarded the FBO Secure Binary Broker Certificate, cementing its position as one of the most reliable and trustworthy brokers in the industry.
They also keep all traders’ funds in a separate bank account from that of the company to ensure that they are only used for the sole purpose which they were intended for.
The website offers a range of deposit and withdrawal methods but more importantly is the fact that both deposit and withdrawal amounts are as low as $10. Certain withdrawal fees do apply of course, and these depend on the chosen method so its best to get in touch a broker representative beforehand to make sure. Withdrawal processing time also varies depending on payment method but if using e-cash methods, traders can expect withdrawals within 24 hours. Bank transfers, on the other hand, can take up to 5 days to process.
