Binary.com Review

Binary.com is one of the oldest and most recognizable names in the digital options trading industry.
This broker has been in business since 1999 and is operated by the Regents Market Group. Previously, this company was known as BetOnMarkets.com, but they rebranded in 2013 to capitalize on the growing digital options industry.

Advantages

  • $5 Minimum Deposit
  • Regulated and Licensed by Multiple Regulatory Agencies
  • Web and Mobile Trading Available
  • Has Been In Business Since 1999
  • Convenient Payment and Withdrawal Options
  • Flexible Trade Options Allow You To Choose Your Own Payout, Strike, and Expiry Time
  • Excellent Payouts and Profit on Successful Trades
  • Digital Option Bot Allows You To Create Your Own Automated Trading Strategies

Regulation and Security

With over 1,00,000 customers across the globe, Binary.com is licensed and regulated to ensure financial stability and ethical business practices. They hold multiple regulatory licenses by:

  • Malta Financial Services Authority (License No. IS/70156)
  • Vanuatu Financial Services Commission
  • British Virgin Islands Financial Service
  • Labuan Financial Services Authority (License No. MB/18/0024)

To ensure maximum safety of clients’ funds, the broker holds them in segregated bank accounts. Personal data protection is done using SLL encrypted HTTP Web protocols at Binary.com.

Deposits and Withdrawals

Binary.com offers a wide variety of payment and deposit methods for your convenience. These options include:

  • Bank Transfers
  • Credit and Debit Cards Including Visa and Mastercard
  • E-Wallets: FasaPay, Perfect Money, Skrill Moneybookers, Neteller, WebMoney, PaySafe Card

The same payment options that are available for deposits are also available for withdrawals. It typically takes between 1-5 days for withdrawal requests to be processed, depending on the payment method chosen.

Trading Platforms

Binary.com offers different trading platforms along with their proprietary one. The trading platform is categorized into Basic Platform and Advanced Platform. They support MetaTrader 5, Webtrader, SmartTrader, and Ladders. You can find a trading platform that suits your experience and preferred strategy.

SmartTrader

SmartTrader is a premier binary trading platform. It is simple and user-friendly online trading platform. In the SmartTrader platform, you can trade digital options on Forex, Indices, Commodities, and Volatility Indices. You can trade 5 types of options by using this trading platform. The time interval starts from 1 minute to 1 day. In the trading platform, traders will get 7 types of charts, a wide range of indicators.

WebTrader

WebTrader platform is an advanced digital options trading interface. The trading platform is fully-customisable according to your personal preferences. Traders can monitor the movements of their favourite assets and markets at the same time. At the same time, you can also monitor essential charts, the asset index, trading times, and historical data.

MetaTrader 5

You can trade Forex, CFDs, and digital options via this trading platform. It is a powerful platform recognized as the global standard. In the MT5 trading platform, you will get a demo account. Trading with a demo account will help you to practice trading strategies with the help of virtual money. You can choose one account type according to your trading experience and preferences. Traders can predict the price movements by using comprehensive technical analysis tools.

Multiple Account Manager (MAM) For MT5

Binary.com offers MAM for MT5. This manager allows you to manage multiple sub-accounts effortlessly in one interface. This tool is perfect for money managers who manage multiple client accounts. MAM works perfectly along with MT5. All the features and tools in MT5 works seamlessly with it.

Ladders

Ladders platform is a Multi-barrier trading platform. You can trade FX digital options on this multi-barrier platform. You can trade 9 types of FX Options via this platform.
In the trading platform, you will find five types of trading charts. A wide range of trading indicators will help you to analyze the market and trading asset’s price.

Account Types

In MetaTrader 5, traders will get 3 types of account depending on the traders need.

Account Type Spread Margin Call Stop Out Level Max Ticket Size
Standard Spread Variable from 1.2 pips 150% 75% 10 lots
Advanced Spread Variable from 0.9 pips 150% 75% 20 lots
Volatility Indices Spread Fixed 100 50% 10 lots

Conclusion

Binary.com is one of the pioneers in the online digital options industry and has earned the trust of its clients by consistently providing them with outstanding service. But it has not rested on its laurels as it continues to try and improve its offerings. Thus, it should not be surprising that its client base has grown almost five-fold from 2013 to 2017. Over the same period, client withdrawals have also grown more than eight-fold, since projections for 2017 have placed the total at almost US$120 million.

Its main selling point is that it makes trading digital options accessible to traders of all skill levels, giving them the opportunity to make money from the markets without the difficulties of actually having to trade the underlying assets. And it is registered and licensed, which gives their clients peace of mind since they know that Binary.com is not a scam.