Established in October 1999 by Regents Market Group, Binary.com is one of the most popular and respected binary trading platforms that functions 24/7, even on weekends. It offers a multitude of services that can be used to assist beginners as well as advanced traders.
It offers trade binary options in a wide range, available on the web as well as on the app. It provides access to MetaTrader 5 for forex markets under which multiple platforms are available. As such, Binary.com allows online trading on financial markets (including cryptocurrency) and forex markets.
Binary.com holds multiple licenses that are required in different parts of the world. It upholds the values of integrity, reliability, competence, and customer focus. It sizes up to the required ethical standards, serving over one million customers globally. It has won several awards from influential reviewers in the financial industry. The awards are not only a testament of quality service to customers but also reassure the use of a regulated and legitimate broker. Some of the awards include Best Trading Platform in Asia, Best Binary Company in the Asia Pacific, and Best Binary Options Broker, among others. Binary.com receives regulation by the Malta Financial Services Authority in the form of a Category 3 Investment Services provider under the license number IS/70156. Therefore, it is properly certified and licensed.
Binary.com is one of the few trading websites that offers numerous trading platforms under different categories. This facilitates easy access to users with varying levels of expertise. The platforms include:
The options under this category include Deriv.com, which hones a simple, user-friendly interface and provides information in a straightforward way. SmartTrader is a premier platform that provides similar facilities along with a written guide. The Tick Trade Android App, on the other hand, facilitates on-the-go trading as it can be accessed on smartphones, which are easily portable.
MetaTrader 5 is an advanced multi-asset trading platform that provides the options of trading forex, CFDs, and binary options. This is often recognized as the global standard. Binary Web Trader, as the name suggests, provides advanced binary trade options as well as facilitates monitoring of movements of assets and markets at the same time. The screen can be customized by the user who can choose to view assets, charting, and other resources. Binary Bot gives access to a special AI program that is responsible for auto-trading, allowing simple as well as incredibly complex algorithms.
The charting tools provided to monitor market movements include Trading View, which administers a real-time feed along with technical analysis. SmartCharts is an interactive, charting tool that employs unique trading tools embellished with visual satisfaction.
The Demo or Virtual account is perfect for beginners as it functions as a preparatory account so as to eliminate loss in the case of an inexperienced user. By providing no stakes, the website encourages novices to understand how the website operates with virtual USD.
The Real or Standard account is available once a user is convinced enough to use real-money and cryptocurrency to facilitate online trading. The accounting process is easy and simple and does not require a huge amount of capital, to begin with, making the website more accessible.
This recently introduced account delivers CDFs on cryptocurrency, forex, and other financial markets. This advanced level of software is ideal for traders as it minimizes loss, limits orders, facilitates advanced charting, enables testing of trading strategy, and provides one-click trading. There have been recent modifications which transferred the Standard MT5 account to ‘MT5 Financial‘ and the ‘Advanced’ became ‘MT5 Financial STP‘. The MT5 Synthetic Indices is now the ‘MT5 Synthetic. ‘
Binary.com offers many varieties of ways to add funds. These include:
For bank transfers, availability, and the amount of time required to transfer money depends on the user’s location and amount to be transferred. The platform accepts currencies in USD, EUR AUD, and GBP. A minimum and maximum limit are also imposed on the amount to be transferred.
For debit and credit cards, Binary.com takes MasterCard, Visa, as well as Maestro. This offers convenience and ease of use as deposits are made instantly. However, the conditions of withdrawal and deposit vary from country to country.
Binary.com accepts all major E-Wallets, including iWallet, Perfect Money, Airtm, STICPAY, Jeton, QIWI, Paysafe Card, WebMoney, Fasapay, Neteller, and Skrill. This method of payment is quick and easy and does not require big sums of money in order to deposit and withdraw.
Binary.com accepts multiple cryptocurrencies in order to make payments, including UST (Tether), BTC (Bitcoin), LTC (Litecoin), and ETH (Ethereum). All trades can take place with Bitcoin, and this is advantageous because not my websites provide this feature.
Binary.com not only provides multiple platforms that facilitate online trading, but it also has a conglomerate of resources. These resources are designed to provide the user with all the information they need in order to start trading. The information is of three types:
Under this section, the user is presented with a simple understanding of binary options and their advantages. It takes the onus on itself to lay out the pros and cons of each financial instrument in detail. This section takes all factors into consideration, such as expertise of the user, the competition of the market and conditions, and duration of the trade.
A lookback contract has a payout that vary as per the high or low of the market. The selection allows the holder to “look back” over time to figure out the payout. The website offers three kinds of lookbacks; high-low, high-close, and close-low.
As already mentioned, MT5 is a multi-asset platform that offers trade forex and CDFs. Under this section, forex margin policies, contract specifications, and reading currency pairs is described. A detailed report on CDFs is also provided along with policies and contract specifications. Diversification of your portfolio is also facilitated by accounting the policies and contract specifications for precious metals such as gold, silver, platinum, and palladium.
This online broker is considered the best and most accessible. The platform is credited as one of the most efficient and easy-to-use brokers. It is used worldwide and owes its popularity to the following features:
The website’s pricing technology is patented and provides the equivalent return rates similar to the traders in the interbank industry without any fees or commission. Thus it is not only extremely convenient but also more reasonable.
Binary.com offers flexibility with trades in the form of an array of trade kinds, the ability to choose the time of expiry, and options to choose your own payout. This can happen from a range of meager to generous amounts of money.
As a broker, Binary.com allows the selling of your choice before expiry so that you can keep profit and thereby minimize loss. This is convenient as the risk and reward of each contract can be evaluated before purchase.
Being a trusted company, Binary.com provides a detailed account of the ways in which user information is used and protected. The information is used for purposes warranted or required by law, and the data collected is used in relation to the company’s products. The login ID and password are hashed, so even Binary.com cannot have access to them.
Binary.com does not hold the title of the most popular online trading website for no reason. It has more than $2 billion worth of trades, along with winning many acclaimed awards.
Binary.com is easily accessible to multiple countries worldwide and accepts traders from Australia, India, Thailand, Qatar, South Africa, Denmark, Canada, Norway, Germany, France, Italy, Sweden, Singapore, United Arab Emirates, United Kingdom, and many other countries. The website is translated into six different languages, including Italian, English, Spanish, French, Chinese, and Polish. It is user-friendly and advocates beginners to partake in online trading by providing assistance.
• The active client base on Binary.com is expected to reach over 175,000 total clients this year.
• They are expected to generate over 2 USD billion in turnover this year, bringing their total turnover since inception to over 9.2 USD billion.
Some of the drawbacks include the inability to support live chat, which puts the website at a disadvantage as this facility is offered by other brokers in the industry. Traders cannot use the website from Hong Kong, Malaysia, the United States, and Iran. Presently, Binary.com is not offering any form of free trade or no deposit bonus.
Overall, Binary.com is amongst the top binary option brokers in the market. The provider offers exceptional mobile trading, payouts, a variety of payment methods to put funds, and multiple trade types. Binary.com is straightforward and easy to use even for beginners with nominal experience in trading. The platform also offers a number of feature for the advanced options traders. And most significantly, Binary.com is regulated and licensed by a number of regulatory agencies.