Best Suited for traders from around the World EXCEPT for USA, Canada, Costa Rica and Hong Kong based traders.
Binary.com was founded in 1999 and is one of the oldest and most respected names in online binary trading. Binary Limited, which is the main holding company has its registered offices at 47 Esplanade, St Helier, Jersey JE1 0BD, Channel Islands. The company also has multiple subsidiaries to cater to individual countries laws & regulations such as in Europe, South Africa etc.
Under the holding of Binary Investments (Europe) Limited, regulated by the Malta Financial Services Authority (Licence no. IS/70156), the company is entitled to provide services in other EU Member States through EU passporting rights. The map below shows the full list of EU countries that have access to Binary.com via EU passporting rights – freedom to provide cross-border services.
Binary.com has grown significantly from when it first started in 1999, it currently has over 1 million registered traders worldwide and users perform over 20 transactions per second 24/7 using its platform. The company is also debt-free for the security and peace of mind of clients.
To cater to growing users from Asia, Binary.com offers the trading services on its platform on various languages such as Chinese, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Thai and Vietnamese.
BINARY.COM TRADING PLATFORM
Binary.com has various platforms for users to trade on. Its simple Smart Trader trading interface has only essential information for you to make quick trades.
For more in-depth data and information on your trades, you could use their Web Trader or MetaTrader 5 platform. These two platform offers the whole range of technical indicators and data for you to analyse your trades, and to identify emerging patterns.
Binary.Com’s platform offers the following types of trades for its users:
Call/Put Options – This type of trade has two options. Rise/Fall or High/Low. It’s basically a simple prediction of whether the asset will rise or fall in price in the specified timeframe.
Touch/No Touch Options – Profits are much higher with this type of trade, with a return of around 1,000%. Yes, you read that right! However, it is a little difficult to predict the exact return as the prices change in real time based on market conditions.
In/Out Options – With In/Out trading you are presented with two options. Ends In/Out or Stays In/Goes Out with returns again of around 1000%.
Binary.com offers a total of 114 underlying assets to trade on. These 30 types of currency pairs, 4-currency indexes, 28 market indices, 40 types of stocks, 5 types of commodities and 7 types of market volatility indices. The market volatility indices are unique to Binary.com as it’s one of the very few brokers who offer it to traders in binary trading.
DEPOSITS & WITHDRAWALS ON BINARY.COM
Binary.com offers various methods to make deposits into your real funded account. Choices range from credit or debit cards, Visa, Mastercard or Union Pay. Bank Wire or Money transfers and even electronic cash (E-Cash) methods such as Skrill or OK Pay are available.
The great thing about Binary.com is that offers the LOWEST initial minimum deposit amount to start trading at just $5. This allows a trader to start trading with minimal risk and test out various trading strategies. Deposited funds are available to be used for trading immediately.
For withdrawals, they are processed via the same method as deposits, meaning that if you made your deposit via a credit card; any money withdrawn will be sent back to the same card. A simple verification token is sent via e-mail to ensure security for every withdrawal request.
The timeframe for withdrawals takes any time between 1 and 5 days business days for the money to be returned to your account. The processing time also depends entirely on the choice of withdrawal method selected, be it a wire transfer, credit or debit card or e-cash.
In wrapping up this comprehensive review of Binary.com, it is, in summary, a pretty well-balanced binary options broker. The main advantages being the fact that a real-life trading account can be funded from as low as just $5 truly sets it well apart from other binary options broker. Certain unique underlying assets such as the volatility indices may also make this a top pick for traders who are looking to trade on those assets.
The trading platform of Binary.com is presented in a simple and easy to use manner, however, some more advanced traders may prefer a more technically advanced layout. On the other hand, for new traders to binary trading, Binary.com is an excellent choice to begin trading binary options on.