BinaryCent is an online financial trading platform recently founded in 2017. The trading platform is managed by a management company known as Cent Project Ltd, a subsidiary of Finance Group Corp based in Vanuatu. Its headquarters are located on the second floor of Transpacific Haus, Lini Highway, Vanuatu. Finance Group Corp is the holding company of another major binary options trading platform called BinaryMate. However, BinaryCent not only provides binary options trading services, but also offers Forex and Contracts for Difference (CFDs).
Regulation and Reputation
In terms of regulatory oversight, BinaryCent is a regulated brokerage firm under the supervision of the Vanuatu Financial Services Commission. This is because BinaryCent operates under the corporate umbrella of its holding company, Finance Group Corp.
Unlike its sister trading platform BinaryMate, which is aimed at the mainstream market; BinaryCent’s market segment is more focused on small online traders. This is why one of BinaryCent’s main attractions is being able to trade with investments as low as 10 cents.
Trading platforms
The trading platform adopted by BinaryCent is a proprietary trading platform developed exclusively for Finance Group Corp. This is why the platform has many similarities to the trading platforms used by related brands. As a web-based trading platform, the platform can be accessed with a modern web browser.
This eliminates the need for traders to download and install software on their computers.
Despite being a web-based trading platform, this platform works efficiently and integrates with numerous trading tools such as trading charts and technical indicators. With a user-friendly interface, BinaryCent’s trading platform is a pleasure to use.
mobile trading
Traders who want to trade the financial markets on the go can also trade from their smartphone or tablet by downloading the mobile trading app from Apple’s App Store (iOS – iPhone and iPad) or Google Playstore for Android devices.
BinaryCent has made the mobile app available for free as part of its product offering and service. In terms of functionality, mobile trading apps perform the same basic functions as web-based apps. The only difference is that it is optimized for smartphones and small screens of mobile devices.
Provide a trading account
BinaryCent has provided 3 types of trading accounts to its clients to meet their different needs. It consists of Bronze Account, Silver Account and Gold Account.
-
Bronze trading account
$250 minimum
Live video chat support
20% Deposit Bonus
1 hour withdrawal -
is your trading account
$1000 minimum
Live video chat support
1 hour withdrawal
50% Deposit Bonus
Master class -
Gold trading account
of at least $3000
Live video chat support
1 hour withdrawal
100% Deposit Bonus
master class
3 Risk-free trading
personal manager
Bonuses and promotions
As you can see above, the bonus offered by BinaryCent ranges from 20% to 100% depending on the type of trading account the trader signs up for. Nonetheless, traders should be aware that there are terms and conditions associated with the bonuses of these bonuses. One of the main requirements for bonus redemption is that you must meet a minimum trading volume (turnover rate).
In addition to the deposit bonus, BinaryCent offered other incentives such as “Risk-Free Trading” and trading contests. For the risk-free trading promotion awarded to Gold account holders, BinaryCent will compensate traders for their trading losses if the total of their first 3 trades is negative.
In addition to the risk-free trading promotion, BinaryCent also holds regular trading contests with $20,000 in prizes. Each week, 20 winners will be selected to contestants.
Assets and Instruments
In terms of trading assets, BinaryCent offers the following types of assets:
- necessities
- Cryptocurrency
- Forex
- Market Index
- Stocks
For spot forex and CFDs, BinaryCent offers a maximum leverage ratio of 1:100. The asset index is gradually increasing. The company is relatively new. It currently focuses on Cryptocurrency and altcoins, but other assets will be added as the offering grows. That said, the current listing still includes all the major assets traders are expected to find.
Customer Support
BinaryCent’s support service is available 24/7. Traders needing support can contact our support team via live chat, web contact form, or by calling them directly by phone.
Withdrawal
For financing your trading account, BinaryCent has provided several methods that clients can use to fund their trading account. These other methods include:
Bitcoin, Ethereum, Dash, Litecoin and
Major credit cards such as VISA and Mastercard cryptocurrencies wallets with other alternative coin e-wallets such as Skrill, WebMoney and Neteller
For withdrawals, BinaryCent also supports the same method. BinaryCent does not charge any withdrawal fees except for a 5% fee for credit card withdrawals. However, the minimum withdrawal amount is $50. Regarding withdrawal times, BinaryCent guarantees that all withdrawal requests are processed within 1 hour.
Frequently Asked Questions
Is BinaryCent suitable for day trading?
There are several factors that make BinaryCent an ideal trading platform for day traders. First, you can trade in multiple asset classes such as forex, commodities, stocks, cryptocurrencies and market indices. You can also trade the spot forex market, CFD market and binary options market. Binary options can cut your trading time down to 60 seconds.
Most importantly, the minimum investment requirement imposed by BinaryCent is only $10 per trade. This allows you to increase your limited investment capital to cover more market positions with minimal risk.
What is the minimum deposit requirement to open a trading account?</ p>
BinaryCent’s minimum deposit is $250 for a Bronze trading account. For Silver trading accounts, the minimum deposit is $1000. For a gold trading account, the minimum deposit is $3000.
How fast can my withdrawal request be processed?
BinaryCent guarantees that all withdrawal requests are processed within 1 hour. However, it may take several days for the withdrawal amount to be posted to your credit card account.
Is BinaryCent a reliable broker?
Yes, BinaryCent is a reliable broker. It is part of Finance Group Corp that owns several major online trading platforms.
What kind of trading platform does BinaryCent have?
BinaryCent uses a proprietary web-based trading platform developed exclusively for Finance Group Corp. This platform can also be downloaded as a mobile trading app from Apple’s App Store and Google Playstore.
What is the maximum leverage available?
The maximum leverage offered is 1:100 for CFD trading.
Can I deposit and trade using Bitcoin or other Cyptocurrency?
yes. 14 cryptocurrencies are supported for account balances.
Accepted countries
BinaryCent accepts traders from Australia, Thailand, Canada, USA, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, Kuwait, Luxembourg, Qatar do. and most other countries.
