Binary.com is an established binary options brand and has been developing in the field of binary options since 1999. A pioneer in this type of investment. The company has rebranded itself over the years, formerly BetOnMarkets.com and rebranded to Binary.com in 2013.
They recently added Bitcoin funds trading accounts (initially non-EU accounts only). In the binary sector, it continues to lead the way.
Their longevity shows that they are not a scam and are established brands that are well respected in Europe and Asia.
Review
Award-winning company the year it was formed, the company now boasts a history of generating over $2 billion in revenue in binary trading. Additionally, there are over 1 million traders using the platform handling over 1 million trades daily. Although competitive, Binary.com has established itself as one of the best binary operators under its tagline “Sharp prices, Smart trading“.
Regulated by the Malta Financial Services Authority, the company is based in Malta and also has offices in Malaysia. They are especially popular in Indonesia and Singapore. It is also licensed in the UK.
With a low minimum deposit, this is an attractive offer. Traders can evaluate binary options platforms with minimal risk. Advanced traders will also appreciate the trading platform’s flexibility, allowing them to create and execute more complex risk/reward plans through the ‘structuring‘ of their trades.
Key information about the Binary.com brand includes:
- Demo Account – Yes (with $10k virtual balance)
- Minimum deposit – £5
- Minimum transaction – £5
- Automated Trader Robot – Yes
- Signal service – no
- Bonus information – No bonus offer currently available
- Binary.com app – Yes, for Android and iPhone.
trading platform
The Binary.com platform has been scaled down to provide only what traders need. There are no hindrances on other platforms. There are no gimmicks on the trading platform, only the main trading information. This may suit some traders, while others may prefer a better ‘announced’ offering when logging in. However, few would argue that the transaction is clear and unobstructed. It gives traders tremendous flexibility . This clarity makes winning strategies much simpler which is why advanced traders prefer this platform.
In addition to the standard platform, the company offers several advanced tools. There are also trading areas, for example:
- MetaTrader 5 – Advanced CFD trading. This area combines the Trade Suite with MetaTrader integration, including MT4 and MT5. It provides charts on par with the market leading CFD brokers. Downloading is a quick process.
- Binary WebTrader . The WebTrader platform provides traders with the ability to view, monitor and trade multiple underlying assets simultaneously.
- Binary Next Generation . This is the mobile app version of the platform. Simplify transactions on the go across multiple mobile devices. Compatible with Android and iPhone, the app provides a seamless crossover trading experience.
- Binary bot . The Binary Bot realm, detailed below, offers clients the opportunity to build and operate their own auto trading bot. It provides depth and detail beyond similar services offered by other brokers. Bot scripts can be thoroughly written and tested.
The selection of underlying assets is made along the top of the platform. Of course, even with ordinary forex, indices, stocks, commodities, etc. ‘irregular makes Binary.com unique. This is pure speculation and only for traders looking for a quick adrenaline thrill.
Option Type
When an asset class is selected, an option selection appears directly above the transaction field. For example, Forex displays options types Up/Down, Touch/No Touch and In/Out. When you select an option type, the trading area below is updated with the relevant fields. Each option type is explained in detail later in the review.
The first two fields in the trading area allow traders to select the specific asset they are interested in. Real Asset is selected from the second drop-down list. The first field shortens the list to make it more manageable. For example, selecting ‘major pairs’ in the first field will reduce the list to only the major currencies, making the selection much easier.
You can then select a ‘ Duration ‘ (or ‘ End Time ‘). This indicates the expiration time of the option. This allows traders to choose any length throughout the year in ticks or seconds if they so choose (and anywhere in between). This level of flexibility is unmatched by any other broker.
When a contract is opened, the ‘real-time’ price rises until the point of expiry. This gives traders the opportunity to close a trade – take a profit or cut a loss.
Spot price and strike price
Then you will see the current spot price and a very small price graph. Below that is the payout field. At Binary.com, instead of asking traders to select a stake, we ask them to select a payout. The actual stake required to reach that payout is calculated automatically. It’s the opposite of how other brokers operate, but it’s obvious once traders get used to it. When this field is updated, the Real Trade button on the right will be updated.
The trade buttons are large and contain all relevant information – effective equity, exact maturity, direction asset prices are moving, potential net profit, and actual payables ratio. The trader must select the ‘Buy‘ button to complete the transaction.
Traders moving to Binary.com from other brokers may not be familiar with the trading platform as it has a very unique design. However, it offers a wealth of flexibility and retains much of the simplicity that has made binary options so popular.
Choose a trader
Binary.com offers options on forex, commodities, stocks and indices. Their asset list is good. The most comprehensive list of currency pairs. Combined with great flexibility in expiry times, binary.com offers traders a wide range of options.
It offers four main options:
Up / Down – Basic binary options. Are asset values rising or falling? (High price/low price is a similar choice under the same title and is similar to an “ladder” option, meaning that the price closes above or below a pre-determined price, rather than a strike price, payout. is usually high, sometimes as high as 1000%)
Touch / No Touch – Does the asset price touch a specific price level within the duration? The flexibility within the platform allows trades to be ‘nested’, allowing for more complex trading strategies where risk and reward can be shaped more precisely.
Ends In / Out – At expiration, is the price of the asset within or outside a preset range of values?
Stay/Exit – Similar to Ends In/Out, but the question here is whether the price will remain within a pre-set price level over the duration of the trade or at any point during the trade once, any time is sufficient.
binary.com 《tick trading options》 also offers a way to profit on every tick. Taking a slight departure from the binary model, it provides traders with speculation on other forms or assets.
The list of assets is constantly growing, especially with the introduction of cryptocurrencies. However, Binary.com offers all markets including Forex (via Binaries and CFDs) and Indices, Commodities and Metals. We also offer trading on the Volatility Index (VIX). Volatility indices may require their own strategies or approaches and will help you understand exactly how volatility indices are calculated.
Weekend Deals
Binary.com has often taken the lead in weekend trading. They once ran their own index for this purpose. However, world markets now operate outside of “traditional” Western trading hours. In particular, the foreign exchange market operates around the clock, 6 days a week, worldwide.
However, Binary.com takes advantage of markets that are open on weekends.
Therefore, indices opened in Tel Aviv or India may be traded over the weekend. There is volatility and volume considerations for trading on weekends, but Binary.com certainly makes it available to traders.
CFD
As the brand expanded, it moved beyond binary options. Binary.com now also offers Contracts for Difference (CFDs). These derivatives offer different styles of risk management to binaries, but open up more diversified profit-and-loss scenarios.
Markets offered include Forex, Cryptocurrencies including Bitcoin, Bitcoin Cash and Litecoin as well as metals, indices and commodities. The MetaTrader 5 financial platform opens up these different investment styles and increases automation.
Mobile App
Binary.com offers a free, high-quality mobile trading platform app. Compatible with current Android (2.3 and above). Traders can trade all available options and the full list of assets on the website.
The trading screen retains the same look and feel as the website, and trading is clear and simple. The Portfolio area displays the history of all public and private transactions. Deposits and withdrawal requests can be made in the cashier area.
The Android app is developed and updated regularly, and the iPhone app is developed and released soon.
Customer Support
Binary.com offers email and phone support. Contact phone numbers vary depending on the merchant’s location. For UK traders, the number is:
+44 1942 316229
The website’s Contact Us page has a direct message feature.
Payout
Binary.com’s payouts are great. They offer “two-way” pricing. This means that the payout for each option is individual and therefore may be a bit higher.
In some cases, some Up/Down payouts reach 100%, but they are usually between 81% and 94%. The payout will depend on the expiry time and the asset selected.
Higher payouts are available with different trading options, such as high/low. With these High/Low or Touch/No Touch deals, payouts can reach up to 1000%. This is a two-way price at work.
withdrawal-and-deposit
Binary.com offers the most diverse deposit and withdrawal options of any binary options broker. The minimum deposit requirements vary depending on the deposit method used, but starting at $5, it makes a great starting point for new traders.
There is a deposit option of as little as £5 for online e-cash accounts (brands like Skrill, Neteller, FastPay and WebMoney).
As cryptocurrency has evolved, Binary.com has quickly adapted and now accepts deposits in a variety of cryptocurrencies including Bitcoin, Litecoin, and Ethereum.
Binary.com has a very wide range of payment methods. These options vary between the EU and other regions, so traders should check what is available in their region.
Withdrawals are usually provided through the same list of sources. Processing times may vary. For example, bank transfers take 5 days to process, where electronic cash transactions to Skrill or Neteller are processed in 1 day.
Cryptocurrency withdrawals depend on the currency used and market conditions.
Credit and debit card withdrawals take 3 days to process. The company certainly offers a wide range of methods for depositing or withdrawing funds, so traders should be able to find a solution that works for them.
Withdrawals are often the biggest source of dispute with binary options brokers, so it’s worth clarifying which method you prefer.
Withdrawal complaints often stem from verification issues, so traders are encouraged to act quickly.
Other Features
The company offers its customers the following features and benefits:
- Charts – Binary.com offers a variety of chart options to help with technical analysis. Some tools are downloadable and others work on our website.
- Variety of educational materials – A variety of educational materials are available, including eBooks, videos and online seminars.
- Random – For those looking for entertainment, Random is exclusive to Binary.com.
- Market Data – Through its charting package and live feed, Binary.com offers a wealth of live market data.
- Support – Support is available in many languages.
robot
Binary Bots from Binary.com
Binary.com also provides the ability to build and operate robots for car trading. Binary.com is not only home to keen traders, but also offers the latest platform, the ‘Binary Bot’ platform.
This trading robot offers users the opportunity to configure an automated trading system. This feature is more advanced than competing broker offerings. There is more depth and complexity to the settings that provide more precision and accuracy. This allows traders to be specific about their trade triggers and operate the robot as a car trader with confidence.
Binary Bot sticks to the Binary.com look and feel and is simple and straightforward. The flickering or pulsating price graphs favored elsewhere are replaced with more features and ease of use. This is a new addition to a brand that has always tried to stay at the forefront of innovation in this segment.
Auto trading is a huge asset for Binary.com, and many major signal providers can integrate auto trading with the company. Binary Bot expands flexibility for retail investors.
In terms of bot trading strategies, traders must tread carefully. The webinar offers tutorials, but it’s best to learn bot setup manually, at least for a while. Downloading a bot is a simple process and many traders can jump right in to set up a car trader, but it does increase the risk. For example, automating martingale strategies via bots is obviously high-risk and unrecoverable from mistakes. So use the demo area, backtest, manually execute your strategy, and make sure everything works as designed before handing over control completely.
Advanced features
Binary.com (formerly BetOnMarkets) offers a unique trading platform. It’s about giving traders tremendous freedom. It offers unparalleled flexibility while retaining the simplicity of binary trading. Traders know exactly when options expire. You can set the duration from just a few minutes up to 365 days.
Similarly, there are also facilities to modify price levels and barriers. This is very important for traders who want to use In/Out and Touch/No Touch options.
Advanced traders can configure options to optimize risk and reward. ‘Nesting’ multiple options is one technique that allows for a high degree of risk management.
This trading level is only possible with brokers that allow trading level configuration which Binary.com does.
Education and trading guides
Binary.com offers a variety of educational services and trading information. Sometimes, they will download ” Melon on the Market ” for free. Written by Jim Mellon, Market Updates provides insight into when to trade headline events and how to analyze the market. Jim also points out long or short time periods for certain assets. A great help for traders of all levels.
Binary.com also offers regular webinars (schedule posted a week in advance). They provide great insight into the thought process of profitable and professional traders.
Recent examples include commodity-focused webinars, weekly market reviews, managing emotions while trading, and advanced techniques.
Again, traders of all levels can get something out of these presentations.
Binary.tv
Binary.tv was listed on Binary.com in November 2015. We provide market analysis and reviews of popular assets and currency pairs. Features are broken down into short videos. Recent topics have included analysis of volatility in China and US home sales data.
Both examined the global economy and its impact on specific exchange rates. It provides traders with a high-level overview of headline news and trending topics across the financial industry and can highlight good opportunities.
