Binary.com Review

Rating:

4 out of 5 stars

 
  • Up to 110% Payout (Amount is credited to account in case of successful investment)
  • Free No Deposit Demo Account
  • Regulated MFSA, Labuan FSA, VFSC
  • Up to 50% bonus
  • $5 min. Deposit

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General risk warning: your capital is at risk

Binary.com is one of the oldest brokers in the binary options market. Created in 1999, It is an online trading platform for trading binary options as well as many other financial derivative products such as CFDs, forex, and Synthetic Indices. Binary.com started out as BetOnMarkets.com before becoming Binary.com and is now one of the most popular brokers for trading online.

Binary.com is an online brokerage company with offices in Malta, Malaysia, Paraguay and the United Arab Emirates and serves traders from most countries.
This broker has now no less than 1,000,000 users worldwide and is today one of the most popular brokers for trading binary options.

What are these advantages and disadvantages of this broker? Is binary.com a scam, or a serious and trusted broker?
In this Binary.com review, we will analyze this broker’s offer in detail and tell you in d etail everything you absolutely need to know about this broker.

Binary.com Trading Platforms

MetaTrader 5

Binary.com allows you to Trade forex and CFDs with the MT5 trading platform which is a powerful multi-asset platform recognized as a global standard in the online trading industry.

Binary WebTrader

This trading platform provided by binary.com allows you to monitor the movements of your assets and trade your favorite markets through an advanced binary options trading interface

SmartTrader

The SmartTrader trading platform is a simple and easy to use platform. Via the SmartTrader platform provided by the broker, you can trade binary options on financial markets around the world.

Binary bot

It is a simple drag and drop tool that allows you to create your own custom trading robot. Provided by the broker, this platform allows you to create and automate your trading strategies easily from an intuitive interface.

Trade Types

Binary.com sets it apart from the mainstream binary options broker and offers a wide range of binary option contracts. For example, traders can trade: high / low Option, Higher / Lower Option, Touch / No Touch Option, In / Out Option and Tick trades.

This broker also offers CFDs which are available through its Metatrader (MT5) platform. This also allows you to trade assets with leverage effects, such as Forex currency pairs and different CFDs contracts on stocks and commodities.

Binary option payout ratios

When trading binary options at Binary.com, the return on investment for each correct trade ranges from 60% to 110% depending on the type of contract and the assets offered. You can check the payout ratios of the asset you want to trade which is displayed on the right side of the trading platform.

Taking into consideration return on investment ratio may change following different parameters such as market fluctuations and periods of high volatility on certain assets.

Financial Instruments

  • Binary Option
  • Lookback
  • CFDs
  • Forex

Assets and instruments

Binary.com offers these clients the possibility of speculating on 4 types of binary options contracts such as Up / Down, Touch / No Touch, End In / Out and Stay In / Out. This broker also offers different assets in the form of CFDs with leverage of up to 1:1000.

With this broker you can trade a large list of underlying assets with no less than 114 different types of assets. There you would find 30 forex pairs including Major, Minor, and Exotic Currency Pairs. 28 market indices, 40 types of stocks, 5 types of commodities like precious metal pairs including gold and platinum. You can also trade 7 types of Market Volatility Indices and Cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Binary.com trading bot

Binary.com offers an interface to create your own trading robot, It gives traders the ability to configure and create their own automatic trading algorithm.

Thus, This function is very useful to create a trading robot to automate your trading strategy. The robot then executes the orders following the trading contidions pre-established by the trader.

You can test different parameters in demo mode without risk. Allowing you to try out different settings of your automation without having to risk your money for backtesting your trading bots.

Here is a screenshot of this trading robot creation tool

Account Types

At Binary.com, you have the possibility to open 2 types of trading account:

  • Demo Account: Is a practice account with renewable virtual credit of 10,000 USD.
  • Real Account: is a real money accounts with fiat money or cryptocurrencies.

Regulation

Binary.com is a broker regulated by multiple regulatory bodies around the world

In the European Union, investment products are offered by Deriv Investments (Europe) Limited. and is regulated as a Category 3 Service Provider, by the Malta Financial Services Authority (License No. IS / 70156).

For traders resident outside the EU, Online brokerage services are provided by Deriv (SVG) LLC and Deriv (V) Ltd, regulated by the Vanuatu Financial Services Commission. Deriv (BVI) Ltd, regulated by the British Virgin Islands Financial Services Commission (License no. SIBA / L / 18/1114); and Deriv (FX) Ltd, regulated by the Labuan Financial Services Authority for stock brokerage activities (license No. MB / 18/0024).

Mobile Trading

Binary.com also offers these clients the option of using a mobile application called Tick Trade Android App which allows you to trade without having to stay on a computer.

This free mobile trading app is available for Android mobile devices.

Thanks to this application you can easily monitor the markets and execute orders directly from your phone or tablet.

Deposits and Withdrawals

Binary.com supports many payment methods to make your deposits and withdrawals. Among these payment methods, you can use VISA and Mastercard credit cards as well as various electronic wallets such as FasaPay, Paysafecard, Perfect Money, QIWI, Skrill and Yandex Money.

It is also possible to fund your trading account via Western Union as well as by conventional bank transfer.

This broker also accepts deposits and withdrawals in cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

Regarding the speed of withdrawals, withdrawals take between 1 to 5 days to be executed depending on the method used which is average for most of the brokers we tested.

Binary.com Customer Support

Binary.com is translated into 12 different languages. You can contact customer support directly from the live chat.

You will find all the contact details on the “Contact Us” page of the broker’s official website.

Final Thoughts

Binary.com is a broker that we love and can recommend, with the ability to open your trading account with a deposit of just 5$/£/€ (depending on the currency of your choice).

In addition, unlike many brokers who only offer a trading platform, their platform also supports the metatrader 4 and MT5 platforms in addition to offering their own custom-created trading platform.

Binary.com has been in the online brokerage business for over 20 years and is one of the oldest and best regulated binary options brokers. This guarantees a certain serenity and confidence to trade with them. So, if you are looking for a binary option broker that stands out from other brokers, we recommend that you open a demo account and see for yourself why Binary.com is one of the most respected brokers in the industry.

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General risk warning: your capital is at risk