Binary.com is an online binary options and CFD trading platform (MT5) owned and managed by Regents Market Group. The platform allows online trading in financial markets, including cryptocurrencies and the forex market. Our review details everything you need to know before opening an account and starting trading.
Only in 2013 did BetonMarkets.com rebrand from its parent company to Binary.com, with expansion plans to capture the larger financial trading market.
Binary.com is headquartered in Malta at Msida MSD1825, Tower Road, Mompalao Building, Suite 2, Malta and has grown to serve more than one million clients worldwide.
It has since expanded to include satellite offices in Malaysia and Japan. The platform has been developed to include MT4 and MT5 integration.
Regulation and Reputation
In terms of reputation, Binary.com is an award-winning platform. Over the years, the platform has won numerous awards from leading reviewers in the financial industry.
These awards are all testament to the first-class service that Binary.com has provided to its clients over the years.
Also, traders can have peace of mind knowing that they are trading with a legitimate and regulated broker.
In terms of regulatory oversight, Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services Provider under license number IS/70156.
In the Isle of Man and the UK, Binary.com is regulated by the Gambling Commission and the UK Gambling Commission respectively.
The platform is licensed for Remote Bookmaker by the Revenue Commissioners in Ireland.
Trading platforms
It is interesting that Binary.com is able to offer traders different kinds of trading platforms. Trading platforms are categorized into (1) basic platforms and (2) advanced platforms.
Basic platforms
There are two types of underlying platforms: the Binary.com platform and the Binary Tick Trade App. These two platforms are used for trading binaries and binaries designed specifically for mobile trading.
Advanced Platforms
When it comes to advanced trading platforms and trading software, Binary.com has:
- MetaTrader 5 Platform for CFDs and Forex Trading
- Binary WebTrader for advanced binary options trading
- Binary Next Generation Platform for Advanced Trading Features
- Binary bot platform for automated binary trading
Mobile trading
As mentioned before, the binary tick trading app is specifically designed for traders who need to be mobile and are not glued to a desktop trading terminal.
The app is available for free and can be downloaded from the Apple App Store and Google Playstore. The app allows traders to check their trading account status and execute trades.
Binary.com MT5 Trading Platform
Trading platforms
It is interesting that Binary.com is able to offer traders different kinds of trading platforms. Trading platforms are categorized into (1) basic platforms and (2) advanced platforms.
Basic platforms
There are two types of underlying platforms: the Binary.com platform and the Binary Tick Trade App. These two platforms are used for trading binaries and binaries designed specifically for mobile trading.
Advanced Platforms
When it comes to advanced trading platforms and trading software, Binary.com has:
- MetaTrader 5 Platform for CFDs and Forex Trading
- Binary WebTrader for advanced binary options trading
- Binary Next Generation Platform for Advanced Trading Features
- Binary bot platform for automated binary trading
Mobile trading
As mentioned before, the binary tick trading app is specifically designed for traders who need to be mobile and are not glued to a desktop trading terminal.
The app is available for free and can be downloaded from the Apple App Store and Google Playstore. The app allows traders to check their trading account status and execute trades.
Bonus
Currently, Binary.com does not offer any form of free trade or deposit bonus.
Assets and instruments
At Binary.com, traders can trade CFDs and 4 types of binary options: Up/Down, Touch/No Touch, End In/Out and Stay In/Out.
Regarding the list of available default assets, there are 114 types of assets to choose from. It consists of 30 currency pairs, 4 currency indices, 28 market indices, 40 stocks, 5 commodities and 7 market fluctuation indices.
The addition of the MT5 platform further expands the offering.
Customer Support
For the convenience of its customers, Binary.com has translated its website into 12 different languages. Regarding customer support, traders can contact the support team via email or by calling them directly over the phone.
Contact information varies by trader location. Accurate information can be found in the ‘Contact Us’ area of the website.
Unfortunately, we do not have access to live chat support, which puts Binary.com at a disadvantage when comparing its broker to other brokers in the industry.
Withdrawal
There is a wide selection of payment methods supported by Binary.com. We accept major credit cards such as VISA and Mastercard. Alternatively, you can fund your trading account through e-wallets such as Skrill and Neteller.
You can also fund your trading account through an online exchange such as Western Union. For traders without convenient access, funds can also be transferred via bank transfer.
Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are also accepted instead of fiat currencies. For withdrawals, the entire withdrawal process takes between 1 and 5 business days to complete depending on the method used.
Is Binary.com best for day trading?
As a platform for day trading, Binary.com is a suitable platform because the expiry times of binary options can be as short as 2 minutes. High returns help justify the trading risk associated with trading binaries.
Accepted countries
Binary.com has traders from Australia, Thailand, Canada, UK, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. allow. .
Traders cannot use Binary.com from USA, Malaysia, Hong Kong and Iran.
Frequently Asked Questions
Does Binary.com accept US traders?
no. Currently, Binary.com does not accept US-based traders. Visit our brokers page to see a list of brokers accepting traders in your area.
does binary.com offer trading on the nasdaq?
yes. Nasdaq is listed as ‘US Tech 100’ in index listings. The minimum period you can trade with binary options is 15 minutes. CFD trading is also possible through the MT5 platform.
Is there a mobile app?
yes. Mobile trading is provided through the ‘Tick Trading’ Android app. SmartTrader is also available on mobile.
Does Binary.com have MT4
yes. Binary.com offers MetaTrader integration. Traders need to open a specific account to access the MT4 and MT5 platforms.
Is hedging allowed?
yes. Binary.com offers both binary options and CFD trading depending on the region. Both can be used to hedge other trades. Payouts between investment types vary of course, so if hedging is your goal, you need to understand the potential payout of each trade.
Is Binary.com a trusted and regulated broker?
yes. Binary.com has been in business since 1999. Longevity in the financial markets is a sign of solid customer satisfaction. It is also regulated and licensed by:
- VFSC (Vanuatu)
- FSC (British Virgin Islands)
- IBFC (Malaysia)
What is the minimum deposit requirement to open an account?
The minimum deposit to open a trading account at Binary.com is $5. To open advanced and MT5 accounts, first open a standard account and then apply for a higher level. No additional deposit required.
How quickly are withdrawals processed at Binary.com?
Typical processing time for processing a withdrawal request is 1 business day. However, it may take up to 5 business days for the money to appear in your bank account.
What kind of platform does Binary.com offer?
Binary.com uses several proprietary platforms including MetaTrader 5 and a mobile app.
What tools can I use on Binary.com?
You can trade the markets in CFDs or Binary Options at Binary.com.
