Binary.com (formerly BetOnMarkets.com) is an award-winning fixed-odd financial betting broker based out of the Isle of Man and Malta. The platform is owned and operated by Regent Markets Group, with broad business interests in the Asia Pacific region. Operating as an online gambling platform, binary.com is fully licensed and regulated by the Isle of Man’s Gambling Supervisory Board and Malta’s Lottery and Gambling Authority. The reason for having two operating bases is that the broker serves clients in the European Union market and the UK market using different company vehicles.

This global approach is reflected in the new Bitcoin accounts. It allows traders to fund their accounts (and trades) using the Bitcoin cryptocurrency. However, currently these accounts are only available to non-EU account holders. As companies embrace blockchain technology and embrace cryptocurrencies, payment methods have also expanded to include Ethereum and Litecoin.

trading platform

 

 

At first glance, you can see that the trading platform offered by Binary.com is quite different from other binary brokers and other commonly seen platforms. First of all, the interface is deceptively simple. All basic features are there. Binary.com’s platform doesn’t really have anything special until you scroll down any further… that’s a whole different picture. We were happy to see that this platform offers comprehensive charting features for their platform.

 

 

Additionally, traders can get daily prices and daily price lists in a tab right below the main trading platform. The displayed price also shows the percentage change to the right of the price quote.

Charts

As mentioned before, one of the unique features of the Binary.com trading platform is the charts they offer. Traders can choose from several types of displays available.

  • Line chart
  • Interactive chart
  • Popup chart
  • Legacy chart

 

 

transaction type

Because Binary.com is not your typical binary options broker, the types of trading contracts it offers are slightly different from mainstream binary contracts. For example, traders can choose from:

  • Up/Down Options Contracts

Traders decide if the expiration price will rise or fall from the current spot price.

  • Higher or lower option contracts

Traders will decide if the price will go higher or lower than a pre-determined price target.

  • Touch/No Touch Options Contract

Pricing is achieved when trading or not trading a pre-determined price target for the duration of the contract.

  • Input/Output Option Agreement

The goal is to see if the price is IN or OUT between two price targets.

  • Tick trading

Similar to 60 second options, traders determine which way the market will go with a 5 tick price movement. Tick trades are further classified as:

  • Up/down trades
  • Lucky Ten Places
  • Fast 10%

Demo and trading accounts

One of the advantages of Binary.com is the fact that customers can try out the platform with a demo account with $10,000 in virtual currency. This is not something you often find in other binary brokers. Most other brokers require you to log in and make a deposit first before accessing their trading platform.

Once a trader decides to open a live trading account with binary.com, all they have to do is fill out the registration form, log in, and deposit a minimum deposit of at least $/£/€5.

Trading software features

payout rate

The payout percentages at binary.com range from around 60% to 110% depending on the contract type. The exact payout can be viewed on the right side of the trading platform. Traders should note that the ratio is constantly changing as the market fluctuates.

asset index

The list of available assets is very extensive. Traders can choose from forex, commodities, stocks, indices and random indices and quotizia markets. to get an idea of the products offered; Readers can visit the website to see the full list.

Customer Support

Customer support is available 24 hours a day, Monday through Friday. Basically, traders can email, call or request a phone call.

reliability

Because Binary.com operates as an online gaming platform, it is currently regulated by gaming regulators in Malta and the Isle of Man. However, this is likely to change in the near future as Malta currently regulates binary options trading on the island. Before that, traders have to rely on gaming authorities to protect their legal rights.

Nonetheless, since Binary.com is part of a multinational conglomerate, we will not do anything illegal to jeopardize the company’s image.

mobile app

Mobile apps are another very powerful product. Like the rest of the trading experience, the app retains the binary.com look and feel. The unique trading platform remains the same in the mobile version and the company ensures that the app is optimized for each specific device and operating system. Android apps, for example, are designed to maximize the capabilities of an Android device. Likewise, Apple products such as the iPad and iPhone see features that are unique to their respective operating systems.

This attention to detail is a big part of what has kept this brand on the cutting edge of the binary options industry since its inception.

The mobile app provides a slick yet easy-to-use trading platform, allowing traders to place and maintain trades at any time. That’s another advantage of the company.

 

robot

Binary.com offers another innovative feature, the ‘Binary Bot’ service. All major brokers are rushing to offer similar features. Traders can configure and build their own car traders.

Thus, traders can build automated trading robots based on their own systems or winning strategies. The robot can then be set to trade ‘live’ whenever market conditions trigger the criteria presented by the trader. A build tool is for traders to look at demos before they get loose. Best of all, you can test before signing up or logging in with a live account. So, you can try it risk-free. Here is the robot builder screen:

 

Is Binary.com a scam?

Binary.com is one of the most famous brands in binary options. They were started and grown by respected traders and are now multinationals that don’t have to indulge in the ‘scam’ behavior seen elsewhere in the industry. You can use this brand with absolute confidence.

Bonus

Binary.com has withdrawn its deposit bonus offer. There are currently no traditional free trade deals or ‘no deposit redemption’ promotions going on.

Strategy

Binary.com needs to clearly think of its strategy. How you choose your expiry time is unique, so any winning strategy should take this into account. The flexibility offered by the trading platform and the software itself (in terms of expirations and contracts) means that any trader willing to invest the time and effort to hone their strategy will be able to spot winning trades.

This is one of the main reasons why this particular broker is preferred by advanced traders. The company also offers an innovative advanced platform that offers MT4 and MT5 (MetaTrader) integration, as well as an innovative auto trader “Binary Bot” tool.

Binary bots allow traders to create their own bots or automated trading setups. The company also offers integration methods beyond what other companies can offer. Bots give retail investors access to some features restricted to more established signal services or automated trading advisory services.

The tick trading strategy is only available on Binary.com and the tick trading platform is not replicated anywhere else. However, certain strategies require their own section, so those who read the old system should take a look at the Strategy page.

Review Conclusions

agree

  • Advanced charting tools
  • Demo account
  • Interesting Trade Agreements
  • Extensive asset list
  • Flexible trading conditions
  • Good support service
  • High yield
  • long operating history
  • Simple trading platform
  • Minimum Deposit Requirement

In fact I was won over by what Binary.com offers to its clients. They have made it easy to open a live account by setting a minimum deposit of $/£/€5 depending on your currency. Additionally, the trading platform is a dedicated Meta Trader platform (mt4 and now mt5) which makes it unique with its advanced charting tools. Their long operating history and the fact that they are a subsidiary of a larger entity gives you peace of mind to do business with them. So, if you are looking for a different kind of binary broker than the industry offers, take a look at Binary.com.