Binarycent Scam or not? – Broker Review
Is Binarycent a scam or a reliable broker? – Find it out in this review. (In few steps) Nowadays it is hard to find a good broker for Binary Options because the diversity of different offers are sometimes non-transparent. It is important to look after a secure and reputable broker. In this review, I will check Binarycent and give you the right information about the conditions for traders.
What is Binarycent? – The Broker presented
For traders, it is important to know some information about the company where they are trading. Binarycent is an international Broker for Binary Options, Forex, CFD and Cryptocurrencies. The company is based and runs by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there are not a lot of information to find about the company.
These points make the company unique:
Withdrawals in 1 hour
100% data protection
24/7 customer multilingual support
Bonus and Risk Free trades
Review of the conditions and trade offer:
Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.
The biggest advantage of Binarycent is the small investment amount of 0,1$. That’s why they are called Binary-“cent”. Bet on falling or rising markets with Binary Options. The asset profit is quite high between 80 and 95%. Traders can choose between a turbo, intraday and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid and the broker is compared to other companies in a good place.
Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100 and the spreads are starting with 1.0 pip.
Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitable with over 100 different assets. From my experience the execution of trades is very fast on that platform.
The conditions for traders:
High returns of 80-90%+
Free demo account (after deposit)
Big diversity of expiry time for Binary Options
Forex, Commodities, Stocks, Cryptocurrencies
CFD/Forex and Binary Options platform
Is the BinaryCent Platform reliable?
Binarycent offers a unique trading platform for its traders. The structure is clear and transparent. Personally, I like the design because it is user-friendly. Beginners should understand the platform in a few moments. It is possible to watch video tutorials about trading with the platform. In addition, you can ask the support for some help.
The charts are supported by Trading View. This is a big and popular provider for market data. In other words, it makes the platform look professional. Traders can customize the chart by using drawing-tools, indicators or Fibonacci. The chart is available in full-screen mode too. On the right side, you see the trading dashboard.
Forecast the movement of an asset and trade in the way you want with a call or put option. On the left side, you can choose a market you want to trade. Switch between Binay Options and CFD/Forex with just one click. That makes the platform very flexible. In conclusion, the trading platform of Binarycent provides the right functions a trader needs.
With Binary Options you have to make the right forecast of the price movement to get a high asset profit. This can be in a range of 30 seconds or more. In my opinion, beginners should not start with short-term trading because it is the hardest method to invest in the markets. The function is very easy. The risk is limited to your bet amount and you will get a fixed return.
How to use BinaryCent:
For example EUR/USD – 95%:
That means if you open a trade with a 1000$ bet amount, you predict the right direction of the markets you will win a payout of 1950$ in your account. 1000$ return of the bet amount and the 950$ of profit. There are not any hidden fees for trading.
Unique Trading Platform
Flexible and user-friendly
Social Trading, Analysis and Signals
Transparent trading dashboard
BinaryCent Demo Account for free
The Demo Account is an account with virtual money. You can trade the markets without risk. The conditions are the same as you are trading with real money. You get the real-time market data. First of all new traders can practice some trades in the trading platform of a new broker. This is an important action to get some new experience and decide to continue trading with the new broker.
BinaryCent offers a Demo Account for every trader who deposited the minimum investment of 250$. This is a little disadvantage for this broker because most of the other Binary Options Brokers give you a completely free Demo Account.
The demo account is the best way to improve your trading skills.
Account opening in few steps
Just open your account in less than 1 minute. You only need your personal name, phone number, password, and email address. For further verification, a picture of your passport is needed. The verifications take less than 24 hours. For withdrawal your profit you need a full verified account, but you can start trading without verification. In conclusion, the account opening is very easy and user-friendly. If you got further questions you can ask the 24/7 support.
There are 3 different account types available:
|Bronze (250$)||Silver (1000$)||Gold (3000$)|
|24/7 live support||24/7 live support||24/7 live support|
|Withdrawals in 1 hour||Withdrawals in 1 hour||Withdrawals in 1 hour|
|Bonus 20%+||Bonus 50%+||Bonus 100%+|
|Demo account||Demo account||Demo account|
|Copy Trading tool||Copy Trading tool||Copy Trading tool|
|Master class (web session)||Master class (web session)|
|First 3 risk free trades||First 3 risk free trades|
|Personal success manager|
Withdrawals and deposits with Binarycent
From my experience, the deposit and withdrawal work very fast. In only tested it with small amounts like 500$. You can deposit with Creditcard, Cryptocurrencies or E-Wallets. There are no hidden fees. The only fee is by making a payment with a credit card of 5%.
The minimum deposit with 250$ is quite high. The minimum amount allowed for withdrawal is 50$. But there is the advantage to trade with 0,1$. In conclusion, Binarycent offers a diversity of payment methods and the withdrawal system works very fast. The broker processes all withdrawal requests in only 1 hour. Sometimes it takes a longer time if the account is not verified. Also, you can open a crypto wallet with Binarycent. This is a new opportunity to trade cryptocurrencies on the platform.
Credit Cards (Visa/Master)
Bonus and Risk-Free Trades
BinaryCent offers you a free deposit Bonus and Risk-Free Trades. You can get easy a higher balance of your account. But the bonus is linked to conditions. You have to make a turnover for 3 times the bonus. This is a very low amount and big advantages. Most brokers offer you a bonus too, but you have to make a turnover of 30 times or more.
Risk-Free Trades are offered in the silver and gold account. You can bet any amount in a Binary Options trade and if you lose you get the lost amount back to your account. The loss amount is deposited as a bonus.
The bonus for your first deposit can be between 20% and 100%. It depends on the invested amount of money. The bonus for your first deposit is compared to further deposits higher. With a deposit of 500$, you can get a 50% bonus and with a deposit of 3000$, you can get a 100% bonus. In other words, if you start trading with BinaryCent you get a better reward.
Support and service
BinaryCent provides very fast support via chat, email, and phone. The best choice to ask your question is the 24/7 video chat. Directly you get a connection to the support. In conclusion, the service is reliable and fast. For further questions, you can call them via phone or write an email. They offer you the service in more than 6 different languages: English, Russian, Chinese, Thai and more.
24/7 support per Phone, Email, and Video-Chat
Support in different languages
The support works very fast
|Support Chat:||Phone (english):||Email:||Adress:|
|24/7||+1-8299476393||[email protected]||Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles|
My conclusion of the BinaryCent Review 2019
At first glance from my experience definitely, BinaryCent is not a scam. This review shows you that BinaryCent is one of the best international platforms for trading with Binary Options. The broker provides a good trading platform with a high chance of making a high profit. You can trade a lot of different assets and use different strategies.
The markets data is provided by “Trading View” which is one of the biggest leaders in the industry of retail trading. Another advantage is the possibility to trade with a small investment amount like 10 cents $. That makes the broker unique.
Also, the service and customer support is fast and reliable. There is no problem to open a new account and do deposits and withdrawals. In addition to that, I have to mention that the company is unregulated. I tested the platform only with a small amount of money. Try it by yourself.
Trade with only 0,1$ in one trade
High asset profit
High diversity of assets 100+
Flexible trading platform
Forex/CFD and Binary Options on one platform
Get the demo account after the first deposit
Broker Review: Binary Cent
Today I’m looking at a new binary options broker that provides traders with the opportunity to trade many different sizes, Binary Cent. This broker sets itself apart from the pack by offering traders trades that start as low as ten cents. This is great for traders that want the live trading experience, while they test of different strategies and figure out how to be profitable with a live account. Of course, they offer larger trades as well, and require a deposit of just $250.
The brokerage is relatively new, as it opened its doors in 2017. Their offices are located at Suomen Kerran LP, Centre Office, 58A Broughton Street, Edinburgh, EH1 3SA, Scotland. To get in touch with support, traders can email [email protected] or call 1-829-9476378. They also offer phone support for Russia, China, Thailand, Singapore and Australia. If you need any of those numbers, just go to the contact page which can be found on the binary cent website.
Binary Cent Review
I’ve just recently started my relationship with Binary Cent, and I’m very happy with what I’m seeing so far. The customer contact has been responsive, and I’ve been assured on multiple occasions that withdrawals will never be an issue with this brokerage. Considering this is the number one problem with most brokers, I make sure to ask brokers incessantly before I even sign up if they are going to be able to honor our agreements. It’s sad that this is the case in the binary options market right now, but hopefully more brokers like this one find a place in the market and start to replace the unregulated brokerage with issues.
There are 7 advantages the creators of this broker focuses on providing to the binary options community. They promise guaranteed withdrawals within an hour, a wide range of deposit and withdrawal methods, trader guidance, 24 7 multilingual support, secure trading and more than 10,000 daily process transactions. They also tell us that they have nonstop trading, which allows traders to trade even over the weekends. I have not tested this, and I’m not sure exactly how this would work considering the markets are closed. I assume this means that they have long-term trades that can last over the weekend, or even a couple of weeks.
There are currently 3 different Binary Cent account types. There is the bronze account that comes with live chat, one hour withdrawals and a 20% bonus. Then there is the silver account which comes with live chat, one hour withdrawals, a 50% bonus, a master class, and 3 risk-free trades. Lastly, there is the gold account which comes with live chat, one hour withdrawals, a 100% bonus, a master class, 3 risk-free trades and a personal success manager. As you probably already know I never recommend personal success managers, or anything that even closely resembles a binary options account manager.
There are just too many horror stories when it comes to binary options account managers. I don’t see why a skilled trader would ever work for a broker, so normally when you are getting someone who works with the broker to trade for you, they aren’t a skilled trader. That is just common sense.
When it comes to withdrawals, they pay traders via Visa, Mastercard, Bitcoin, Ethereum, Altcoins, Neteller, Skrill, and Perfect Money. Only the credit card option comes with a transfer fee. In regards to withdrawal time, every single option guarantees withdrawal processing within one hour.
I can’t tell you enough times how important this is to me. There have been too many times in the past where traders have been caught with too much money inside of a brokerage account, with the broker not honoring the withdrawal.
I am confident that that is not the case with BC.
Binary Cent Trading Contests
Every week the team over at Binary Cent holds a $20,000 contest for traders to win prizes, based on the volume of their trades. Traders are automatically qualified to enter this competition when they have more than $250 in their account, and it doesn’t matter how many trades are won or lost, just how many are placed.
I recommend that you check in with the leader board every once and a while to see if you are climbing close to the top, so you know what prizes you are eligible for.
At this point in time, I am willing to provide a recommendation to the Binary Cent brokerage. I am very happy with everything that I’ve seen this far, and I believe in both the support team and their respectability. If you have anything you would like to add to this review, please leave your comments and questions below the article now.
- $100 Min Deposit
- 85% Payout
- 100% Bonus on ANY 1st Deposit
BinaryCent.com is a unique binary options broker and one bound to get more attention for one reason. They accept deposits, pay withdrawals and provide trading with all the top cryptocurrencies. You can use Bitcoin, Dash, Ethereum and other top cryptocurrencies to fund your binary options trading account.
- Open Account from with $100
- Trades as small as $0.10 (10 cents!)
- Deposit/Withdraw in crypto currency
- Trade binary, CFD or forex with leverage up to 1:100
- Advanced Trading Charts
- Advanced Trading Tools
- Copy Trading
- Trade Contests
- Deposit Match bonus of 100% on 1st deposit of ANY size
Cryptocurrencies accepted at BinaryCent
- Bitcoin and Bitcoin Cash
The platform at BinaryCent.com is really top notch. When you first log on you may be dazzled by all there is to offer but a quick tour will soon reveal how advanced this platform is. In the top left of the screen are links to trading tools like economic announcements, chart patterns and technical analysis tips complete with charts.
The main portion of the platform is of course the trading screen itself. This is dominated by a large chart that can be viewed in tick/line or candle format. The candle format is actually a fully customizable charting package from TradingView similar to what you find on all the top forex websites today. It includes all the technical indicators, drawing tools, time frames and settings you could possibly need. And you can trade right from it.
The asset list is decent but not what we would call flush. There are 10 forex pairs, 2 commodities, 4 stocks and 5 crypto currency pairings. These can be traded Turbo, Intraday or Long Term. The Turbo expiry is 10 to 30 minutes in 1 minute increments for super short term trading. The Intraday expiry are every hour out to the end of the day for 24 total opportunities each day. The long term are end of day expiry going out for the next 30 days. Payouts are in the range of 60% to 80% depending on expiry and volatility.
Deposits And Withdrawals
This firm boasts industry leading 1 hour withdrawal processing just like its sister brand BinaryMate.com. Deposits can be made in all the usual ways including eWallet, credit cards and wire transfers with accounts denominated in dollars or euros. The bonus is that you can also use a wide variety of cryptocurrencies which are best when it comes to making fast withdrawals.
To make a withdrawal you will have to verify your identity and account which may take a little time so the first withdrawals may not be available as quick as they say. The minimum amount for withdrawal is $50 and comes with no fees.
Bonus Account Types
This broker is offering sign up and welcoming bonuses for new clients. The have three account levels, bronze silver and gold with increasing levels of benefits for each. Bronze level accounts can get up to 20% bonus, gold level accounts can get up to 100% bonus and 3 risk free trades. The risk free trades will replace any lost funds with bonus money. As always there are some terms to follow if you take a bonus. The turnover requirement is 20X the bonus with a time limit as well. If you don’t reach at least 3X account turnover in the first 3 months the bonus will be withdrawn and any profits derived from it. No withdrawals can be made until the turnover is met, if a withdrawal is made it will cancel the bonus and any profits derived from it.
All accounts are automatically considered for the trading contest which gives out 20 prizes each week. Contest is based on trading volume, win rates and profits and can even be won using the copy trading features. Top prizes include $1000 cash, iPhones and bonus money.
BinaryCent.com has a great copy trading feature for newbies or anyone else who would rather copy another better trader than trade for themselves. Traders are chosen for their win rates, you can follow as many as you like so long as your account is funded properly. When you follow a trader you can adjust the trade size from 1 to 100X the original trade.
Company Info Contact Details
BinaryCent.com is a broker owned and operated by the same folks behind BinaryMate.com. The website says the company is registered to Suomen Kerran LP, license number SL25219, located at Centre Office, 58A Broughton Street, Edinburgh Scotland. The company is operating the brand on behalf of the Finance Group Corp. Contact can be made through live chat, email or phone call. Email can be sent through the company website, the English phone contact is 1-829-9476378.
BinaryCent Review and Tutorial
BinaryCent is an online financial trading platform that was recently established in 2017. The trading platform is managed by a management company known as Cent Project Ltd, a subsidiary of the Finance Group Corp that is based in Vanuatu. Their head office is located at 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. The Finance Group Corp is also the holding company of another leading binary options trading platform called BinaryMate. BinaryCent however specializes not only in providing binary options trading services, but also spot forex and Contract for Differences (CFDs).
Regulation & Reputation
In terms of regulatory oversight, BinaryCent is a regulated brokerage firm under the oversight of the Vanuatu Financial Services Commission. This is due to the fact that BinaryCent operates under the corporate umbrella of its holding company the Finance Group Corp.
Unlike its sister-trading platform BinaryMate, which is geared towards the mainstream market; BinaryCent’s market segment is focused more towards smaller online traders. This is why one of the key attractions of BinaryCent is the ability to place trades with an investment as low as 10 cents.
The trading platform adopted by BinaryCent is a proprietary trading platform developed exclusively for the Finance Group Corp. This is the reason why the platform bears many similarities with the trading platform used by related brands. A web based trading platform, the platform can be accessed with any up-to-date web browser.
This eliminates any need for a trader to download and install any software onto their computers.
Despite being just a web based trading platform, the platform works efficiently and comes integrated with numerous trading tools such as trading charts and technical indicators. With its user friendly interface, the BinaryCent’s trading platform is a joy to use.
Traders who wish to trade the financial markets while they are on the move can also do so with their smartphones or tablets by downloading the mobile trading app from Apple’s App Store (iOS – iPhone and iPad) or Google Playstore for android devices.
As part of their product offering and services, BinaryCent has provided the mobile app for free. In terms of functionalities, the mobile trading app fulfils the same basic functions as its web based counterpart. The only key difference is the fact that it is optimised for the smaller screens of smartphones and mobile devices.
Trading Accounts Offered
To meet the varying needs of their clients, BinaryCent has provided their clients with a choice of 3 different types of trading accounts. They comprises of the Bronze account, the Silver account and the Gold account.
Bronze Trading Account
Minimum deposit of $250
Live video chat support
20% deposit bonus
Silver Trading Account
Minimum deposit of $1000
Live video chat support
1 hour withdrawal
50% deposit bonus
Gold Trading Account
Minimum deposit of $3000
Live video chat support
1 hour withdrawal
100% Deposit Bonus
3 Risk Free Trades
Bonuses & Promos
As can be seen above, the bonuses offered by BinaryCent range from 20% to 100% depending on the type of trading account the trader has signed up for. Nevertheless, traders should be aware that there are terms and conditions attached to the award of these bonuses. One of the key requirements for the encashment of the bonus is the need to fulfil a minimum trading volume (turnover).
Apart from the deposit bonus, BinaryCent has also provided their traders with other incentives such as “Risk Free Trades” and trading contests. For the risk free trade promo, awarded to Gold account holders, BinaryCent will compensate the trading losses of the trader, if the total balance of the first 3 transactions is negative.
In addition to the risk free trade promo, BinaryCent also holds a regular trading contest with a prize pool of $20,000. Every week, 20 winners will be selected from the contestants.
Assets And Instruments
In terms of trading assets, BinaryCent offers the following classes of assets:
- Market Indices
For spot forex and CFDs, BinaryCent offer a maximum leverage ratio of 1:100. The asset index is a growing list – the firm are relatively new. The focus at present is Cryptocurrency and altcoin, but other assets are added as the offering grows. That said, the current list still cover all the major assets a trader would expect to find.
As for the support services at BinaryCent, it is provided on a 24/7 basis. Traders who need support can reach out to the support team through live chat, web contact form or by calling them directly on the telephone.
Deposit & Withdrawal
For the funding of trading accounts, BinaryCent has provided several methods which their clients can use to fund their trading account. These different methods include the following:
Major credit cards such as VISA and Mastercard
Cryptocurrencies wallets which take Bitcoin, Ethereum, Dash, Litecoin and other alt coins
eWallets such as Skrill, WebMoney, Neteller
For withdrawals, the same methods are also supported by BinaryCent. Apart from a 5% charge for credit card withdrawals, BinaryCent does not charge any withdrawal fees. But there is a minimum withdrawal amount requirement of $50. As for the withdrawal time, BinaryCent guarantees that all withdrawal requests will be processed within one hour.
Is BinaryCent suitable for day trading?
There are several factors which make BinaryCent an ideal trading platform for day traders. Firstly, you can trade in several asset classes such as forex, commodities, stocks, cryptocurrencies and market indices. In addition, you can also trade the spot forex market, CFDs market and binary options market. With binary options, your trades can be as short as 60 seconds.
Most important of all, the minimum investment requirement imposed by BinaryCent is merely $10 per trade. This gives you the ability to stretch your limited investment capital to cover more market positions at minimal risks.
What is the minimum deposit requirement to open a trading account?
The minimum deposit requirement at BinaryCent is $250 for the bronze trading account. For the Silver trading account, the minimum deposit requirement is $1000. As for the Gold trading account, the minimum deposit requirement is $3000.
How fast can my withdrawal request be processed?
BinaryCent guarantees that all withdrawal requests are processed within an hour. However, it should be noted that it could take several days before the withdrawn amount is posted to your credit card account.
Is BinaryCent a reliable broker?
Yes, BinaryCent is a reliable broker. It is part of the Finance Group Corp that owns several leading online trading platforms.
What kind of trading platform does BinaryCent have?
BinaryCent uses a proprietary web based trading platform that has been developed exclusively for the Finance Group Corp. The platform is also available for download as a mobile trading app at Apple’s App Store and Google Playstore.
What is the maximum leverage available?
The maximum leverage provided is 1:100 for CFDs trading.
Can I deposit and trade using Bitcoin or other Cyptocurrency?
Yes. 14 different cryptocurrencies are supported for account balances.
BinaryCent accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
BinaryCent is a binary option broker based in Vanuatu that has been established since 2017. The BinaryCent trading platform is managed by a company called Cent Projecte LTD, which is a subsidiary of an umbrella company called the Finance Group Corp.
BinaryCent specializes in offering binary option trades as well as Forex and CFDs (Contract For Differences). This broker offers payouts up to 95% and expiry times as low as 60 seconds. BinaryCent also has the lowest minimum trade amount in the industry at just 10 cents.
But is BinaryCent right for you? Can they be trusted? In this BinaryCent review, I'm going to tell you everything you need to now about this broker.
BinaryCent is an excellent trading platform and has a lot to offer. After your first login, you’ll see how easy it is to navigate the BinaryCent.com site. A quick tour reveals how this platform has advanced features for users. On the top left, you will see different links leading to their trading tools such as chart patterns, tips of technical analysis, and economic announcements.
The BinaryCent trading screen has a large chart and makes a big part of the site. You can view it in a candle or tick/line format. If you want a customizable charting package, go for the candle format.
Binary Cent has a growing list of assembled assets. They have stocks, commodities, cryptocurrencies, and forex pairs from which traders can choose. It is possible to trade with any of them using long term, intraday, or turbo strategies. Turbo expires within 30 minutes in 1-minute increments for short term trading.
The intraday trading expires between one hour and 24 hours. It allows a trader to enjoy all opportunities within a day. Long term trading includes those that expire between one day and 30 days. For all trading strategies, payouts are within the range, starting from 60% up to 80%.
BinaryCent is regulated by the VFSC (Vanuatu Financial Services Commission). This broker is regulated by the VFSC because they operate under their corporate holding company called Finance Group Corp. BinaryCent has a sister company called BinaryMate, which is more focused on the mainstream market. BinaryCent on the other hand is geared towards beginner traders, with a minimum investment as low as 10 cents.
Mobile trading platform allows traders to tap into the market on the go. BinaryCent has an easy to navigate mobile version that is accessible through a tablet or a smartphone. All you have to do is download the app from Google Play Store or Apple's App Store.
The BinaryCent app is free and is just as intuitive to use as the website. It has all functions provided on the site and is not as clunky to use as some similar programs. The app also shows all transactions and history of trading.
You will need to confirm your mobile number before you can use the app. This can be seen as a downside for some people, but it is to keep your funds and information secure.
BinaryCent is not different from other trading platforms. It offers different kinds of trading accounts to fit various traders' levels. It has an ideal option for beginners, experienced, and savvy traders. All trading account types come with unique features to maximize the trader's experience while increasing the chances of succeeding as long as one understands and knows the strategy to use.
A bronze trading account requires a minimum deposit of $250, and the trader earns a bonus that can be as much as 20%. The total amount becomes $300, which is a significant advantage for someone who is getting started. With this BinaryCent account, the user can access live video chats, free demo accounts, and one-hour withdrawals.
A trader who wants to have a silver trading account should have an initial deposit of $1,000. This account attracts a bonus of 50%, giving the trader $1,500 to get started in trading. However, users must trade a certain number of times (usually 40 trades) before making the first withdrawal. Some of the benefits for this account include a master class online session, an account manager, live chat, and three risk-free trades.
The gold trading account gives a trader all the benefits above and more, but you will need to put down $3,000. It earns a 100% bonus, meaning you start at $6,000. Again, with a gold account, you must meet the minimum trade requirement before you can withdraw your funds from BinaryCent. But, with such a big bonus, it's an excellent way to get started.
Every BinaryCent account gets considered for all of the trading contests. Twenty exciting prizes are given every week. This contest is usually based on win rates, trading volume, and win rates. But it can also be won through copy trading features. Some of the highest prizes are an iPhone, bonus added to the account, and $1.000 in cash.
Copy-trading in BinaryCent makes it easy for beginners to understand how to make profitable moves. This term refers to copying seasoned traders to replicate their success. As long as one's budget allows, users are allowed to follow as many traders as they wish. It helps to increase newbies' trade size and boost their chances of winning. When looking for trades available, always check expiry time.
Bonus and Promos
BinaryCent offers bonuses to anyone who makes their first deposit. A trader can maximize investments and make good profits using the Bonus and Promos provided by BinaryCent. Bonuses come in three different levels. The first one is 20% for a bronze account, 50% for a silver account, and 100% for a gold account. However, each Bonus has minimum requirements before you can make the first withdrawal. Pay attention to these before you decide the amount to deposit.
According to a page titled Bonus Rules, Binary Cent states a trader must achieve three times turnover to qualify for profit and initiate a withdrawal. They define turnover as “the sum of the value of all trading orders excluding the value of any trading orders that have been canceled,” which can be confusing. Let’s look at an example.
If you deposit $1,000 and receive a $300 bonus, you need to make trades that total at least $3,900 ($1300 x 3). Don’t forget – these BinaryCent bonuses take priority before making a withdraw. So, if you have money in your account and then make another deposit with a bonus, you will need to make the turnover before you can withdraw the funds – even those you already earned before the deposit.
In addition to bonuses offered after you make a deposit, BinaryCent also offers other incentives. One of them is the "Risk-Free Trades' along with trading contests. Gold account holders are given a trade promo, which is risk-free and well worth the higher deposit level. With this perk, BinaryCent compensates the user if their first three transactions leave them with a negative balance.
Additionally, each week there are 20 winners selected in regular contests worth $20,000.
BinaryCent has five asset classes, including:
Traders are given two types of trades: Binary Options and CFD/Forex. BinaryCent also gives you over 150 trading instruments to trade. Pay attention to what you trade! The type of asset you trade determines the payouts we mentioned earlier.
Since the cryptocurrency boom a few years back, BinaryCent has focused heavily on providing these assets. There are over 15 altcoins available for deposit, trade, and withdrawal.
Yes, there are other binary brokers with more assets and ways to start trading, but there’s a reason people are turning to BinaryCent. The asset list is still growing as this is a relatively young site, but they keep adding new ways to trade, which makes it very interesting.
Deposits and Withdrawals
BinaryCent offers several different deposit methods including Visa, Mastercard, Bitcoin, Ethereum, Alt Coins, and Perfect Money. Credit cards come with a 5% transfer fee, although this is applied by the credit card processor, not the broker. The rest of the funding methods come without any transfer fees.
BinaryCent offers the same payment methods for withdrawals as it does for deposits. This broker claims to process all withdrawals within 1 hour, which is quite faster than most trading platforms. Before a withdrawal can be processed, BinaryCent may require verification to prevent fraudulent activity, which is pretty standard in the industry. Funding your account during weekends or public holidays may also add a slight delay in processing time.
BinaryCent provides customer support via live chat, phone, and email. They even have video chat if you need some additional help. The site also gives traders total support by offering help in major languages, including Chinese, English, and Russian.
BinaryCent is an entirely new broker, but offers quite a wide range in trading. They offer all things that any trader would like to have, including a mobile platform, several deposit methods, demo account access, and exceptional welcome bonuses. The trading platform claims to offer beginners a chance to trade online, but their minimum deposit seems to speak otherwise.
Because of the 10 cent trades, easy deposit/withdraw methods, and excellent customer support, BinaryCent is a suitable broker for beginners. Just remember that bonuses come with a turnover rule, so only accept them if you plan on trading often!
The BinaryCent trading environment is friendly and secure for all traders. This broker comes highly recommended for all types of traders. Visit their website to learn more about their bonuses, view the platform, and see what all the hype is about!
BinaryCent is a top binary options broker operated by Cent Projects Ltd, which was founded in 2016. They offer a easy-to-use trading platform to trade FX/CFDs and binary options, with trades from just 10 cents trades, quick withdrawals and 100% bonus.
- Up to 100% Bonus + 5 Risk Free Trades
- Trades from 10 Cents
- Trade binary options and CFD/Forex
- Traders Quick Withdrawals
- Easy to use Platform
- Weekend Trading
- Bitcoin, Ethereum & Altcoins accepted
- 24/7 Customer Service via Email, Phone and Live Video Chat
- Mobile Trading
- Over 160 assets to trade
- Demo account need to be request
An increasing number of binary options brokers are now offering a gamut of trading services and products to their clients across the globe. However, before choosing a binary options trading platform, traders must ensure that the broker providing the same is highly efficient and reliable. Here, we have reviewed Binarycent, a leading provider of binary options and CFD/Forex trading from 10 cents and services that cater to the needs of investors from diverse backgrounds. Established in 2017, this financial company is new to the industry but has already managed to carve a niche for itself through its consistent performance and dedicated customer services. The company offers non-stop trading facility, guaranteed and hassle-free withdrawals and a wide range of accounts and bonuses. Read on to find a comprehensive review of the broker and their trading services.
Binary Cent Trading platform
BinaryCent provides its clients with both web and mobile-based trading platforms. As a result, traders can either operate through their preferred browser or download the mobile app in case they wish to trade anytime, anywhere. BinaryCent’s trading platform is highly secure and easy to use. In fact, their trading software is appropriate for newbie traders who possess little to no knowledge around binary options trading.
They offer the ” copy trading ” feature that allows user copy from the most successful traders.
This forex broker offers user-friendly mobile applications for both Android and iOS users. Apart from this, investors can also download a FREE app from Google’s App store or the Google Play store and engage in safe and reliable online trading.
When it comes to trading at BinaryCent, traders have the options of investing more than a hundred assets in binary options and CFD/Forex within four different categories including Forex, Commodities, Crypto and Stocks. Hence, depending upon their requirements and understanding of the financial markets, traders can either trade forex currency pairs or invest in Gold, Silver and other commodities.Assets to trade
The broker also offers stocks of some of the leading companies around the globe in addition to crypto-assets such as Bitcoin, Litecoin etc.
BinaryCent offer one of the best payouts in the binary options industry. Up to 90% in 60-second trading.
Promotions & Bonuses
With BinaryCent, traders can expect handsome rewards. As a result, the bonus depends on the initial deposit amount and could go as high as 100%. Hence, traders who deposit an initial amount of 500$ can expect a bonus in the range of 20%, whereas the bonus may go up to 50% for the initial deposit of 500$. Investors who create a Gold account with the broker can earn up to 100% bonus. However, it largely depends on the conditions available for trading.
Type of Accounts & Minimum deposit
BinaryCent provides its clients with three different trading account options including the Bronze, the Gold and the Silver accounts. Thus, investors need to deposit as much as $500 as the minimum amount for opening a Bronze account. For opening a Silver account with BinaryCent, traders need to deposit a minimum of $1000 and for the Gold account investors must make an initial deposit of $3000. Hence, traders can deposit money in accordance with their risk appetite. Each of their accounts offer attractive bonuses and live chat feature to the traders. Besides, the withdrawal time also does not exceed more than one hour.
They provide free demo accounts upon request.
The bronze account only has a min deposit requirement of only $500, so it’s perfect for beginner traders, however for advanced traders we recommend a deposit of over $3000 and get a huge 100% Bonus ( check bonus requirements on their website ).
Deposit & Withdrawal
The broker offers hassle-free, quick and smooth deposit and withdrawal procedures to their clients. Their SSL certified 256 bit secure processing system enables traders in depositing as well as withdrawing money safely. When it comes to depositing money with the broker, traders can choose from multiple funding options such as MasterCard, Visa, American Express, JCB, Neteller, Union Pay, Perfect Money, Skrill, QIWI Wallet, WebMoney, Yandex Money, AliPay, OK Pay and Crypto Currencies ( Bitcoin, Litecoin, Ethereum, ZCash, Monero, Bitcoin Cash, Dash, Primecoin and Reddcoin ). The broker accepts money instantly, whereas withdrawals may take up to an hour or as many as six hours in certain cases. What’s interesting to note though is that BinaryCent does not levy any charges on withdrawal or deposit of funds.
BinaryCent offers excellent customer support services to its traders. Depending upon their convenience, traders can either access their live video chat feature to get their issues resolved or drop an email or fax. This top-rated broker can also be reached via their customer support phone numbers, available in different languages including Russian, English, Thai and Chinese. Apart from this, the broker also has offices in Australia and Singapore.
Regulation in the United States
Binary Cent is an international broker not regulated within the United States with CFTC *
BinaryCent Review: Summary
To sum up BinaryCent is a highly efficient and trusted binary options and forex broker that allows traders to trade with amounts as low as 10 cents. With their feature rich trading platform, innovative and prompt customer support team and attractive account types and bonuses, trading binary options is not only simple but also highly profitable.
Binarycent, while a relatively new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. Benefits include an excellent mobile trading platform, welcome and deposit bonuses and a good support system. There are phone numbers available in many languages, alternatively, you can send a message with your details, and someone will get back to you.
Licensed and registered in Vanuatu, Binarycent is a relatively new entrant to the trading market place and was founded in 2016. In addition to binary options, the broker also offers Forex and CFD trading. Their custom trading platform was developed and launched by a group of serious investors with many years' experience in trading themselves.
The trading platform is available on both desktop and mobile with an app available on iOS and Android. It allows investors the chance to trade without having to download any sophisticated software. Expiry times are varied, and there are numerous accounts for differing levels of investors. Binarycent offer it's options trading platform in many countries.
For those who are seeking a broker and have a particular interest in Binarycent, you may be wondering why this could be the one for you. Our extensive and detailed review will help. With information about precisely what they have to offer, bought to you by our team of experienced experts, our hard work means that you can make an informed decision.
In this review, you will learn:
- All the various accounts and expiry times on offer
- Deposit and withdrawal levels and the bonuses
- The special features that make Binarycent good
Account Types - 9.2
As with many brokers, there are different trading account types available for varying levels of traders. Whether you are a beginner looking to dip your toe and give options trading a try, or whether you are a more experienced, savvy trader, there is something for everyone. Each level of account brings with it additional features designed to maximise your binary options trading success and make it an enjoyable experience for all.
For a deposit of just $250, bronze account holders can enjoy up to 20% bonus. What this means is that when you make your initial deposit of $250, you will have $300 to start trading. You will also benefit from 1-hour withdrawals, live chat support and the option to trade using a demo account so that you can get to grips with the platform before you start trading with your own real money.
A silver account is available to those that deposit $1,000, and this will attract a 50% welcome bonus. This bonus is added to your deposit and therefore gives you $1,500 to trade. You must trade this bonus a minimum number of times before it can be withdrawn. Additional benefits include live chat, 3 risk-free trades, a master-class web session and a personal account manager.
The next step up requires a deposit of $3,000 for which you will get all of the benefits of a gold account. Members who open a gold account will benefit from all of the features mentioned above but the bonus increases to 100%. The 100% bonus means that you can open an account with $3,000 which will automatically give you $6,000 to trade. Again, before you can withdraw it, this bonus must be traded a minimum number of times.
You may decide to start with a bronze account until you become more confident with both the broker and the platform and of course, your trading skills. As you become more experienced, you can choose to upgrade your account to benefit from even more account features.
Trade Types And Payouts - 9.4
As with all brokers, the payouts available are essential when choosing where to deposit your funds. While some may make promises of 90%+ payouts, you should be expecting around 70-80% returns on your trades. Binarycent is more or less in that spectrum with payouts ranging from 65-85%. When it comes to the different trade types available one of the robust features of this platform is the expiry times offered:
Turbo trades are those that are quick. Starting as low as 30 seconds rising to around 15 minutes, turbo options tend to be the most popular with beginners as they have a rapid turnaround and allow you to get used to trading very quickly.
We recommend that if you are going to start with turbo options that you exercise caution as, while it allows you to get used the platform and trading very quickly, it is also a speedy way to lose money if you don't know what you are doing. They are an easy option to trade on the go from a mobile as they don't require a lot of research and analytical tools.
Intraday trading is more suited to the more experienced traders amongst you that know what they are doing and have some knowledge of the markets. They usually rely on several trades a day and an understanding of the stocks and their positions. It is an exciting proposition to see the value of the stocks increasing over the day, but you need to be vigilant as there can be things that affect the value of the stock that is often unforeseen.
Long Term Trades
The long term options offered by Binarycent are up to 5 weeks. There are pros and cons to longer-term options. For a start, you have to have more patience. You can place your trades but you are going to have to wait longer to find out the outcome.
Long term trading does remove the emotion from trading though and means that you are not placing trades as a reaction to a lost investment to try and make your money back or to keep up a winning streak when you are doing well.
Binarycent ticks all of the boxes when it comes to their trading package.
Bonuses And Promotions - 10.0
Bonuses and promotions can affect a trader's decision when choosing a broker as they can offer you the opportunity to maximise on your investment and give you more money. Binarycent offers 3 different levels of bonus which connect to the account that you choose.
They range from 25% with a bronze account up to 100% with a gold account. You should understand that there is a minimum requirement for how many times you need to trade the bonus before you can withdraw it.
Mobile Trading - 9.6
Users are often looking for mobile trading options so they can trade on the go and make time-sensitive decisions, even when they're outside. If you are one of those traders who does not want to stay tied to their desktops for hours, you need a mobile trading platform.
The Binarycent trading app works on both iOS and Android smartphones and tablets. It allows customers to start trading with just a $10 deposit as a minimum. It allows 24/7 live video chat directly from the app. You don't even need to switch out of the app for video chat. With the Binarycent mobile trading app, you can manage everything under the "same roof".
You complete the account verification via the mobile platform itself. It shows complete transaction and trading history to help users make more informed decisions about your account.
The app also displays technical indicators on the chart to help you trade and analyse the financial markets. Logging in is easy, and you can register right from the app. It even facilitates account funding on connected brokers.
Deposits And Withdrawals - 9.6
The minimum amount required to open an account with Binarycent is $250, but the minimum trade is just $0.10. The low entry point means that you can get a lot of trades for your money. There are many different ways to deposit with this particular broker including cryptocurrencies like Bitcoin.
When making a withdrawal, the funds get deposited back to the same method used to create a deposit, and the minimum withdrawal is $50. Withdrawals get processed in as little as an hour which is a strong feature of Binarycent.
Special Features - 9.6
Many things make Binarycent stand out. As well as their very low minimum trades, they also boast a demo account, fast turnaround withdrawals and some turbo, intraday and long term options. They offer non-stop trading which means that you can trade around the clock, even on the weekend and you can talk to an assistant through live video chat. As a side note trades are made and displayed in cents as opposed to dollars.
Customer Support - 9.6
We have already mentioned that the broker offers live video chat for those who want to chat with someone that they can see. The live chat will automatically pop up when you arrive at the site which you can minimise until you need it. They also offer all the usual support methods as well including phone and email.
There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.
We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.
Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.
- Email: [email protected]
- Phone: +182 994 76393
- Address: Finance Group Corp, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu
Conclusion - 9.6
Binarycent, while a fairly new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. Benefits include a good mobile trading platform, welcome and deposit bonuses and a good support system.
There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.
Frequently Asked Questions
Is Binarycent legit, will they scam me?
Binarycent is registered with a financial services license in Vanuatu. Their customer service team is accessible should there be an issue.
Do they have a decent mobile or tablet app?
In addition to their site is optimised for mobile devices, they also offer a mobile app. The mobile site is easy to navigate and easy to use.
What bonus do they offer new traders?
There are several accounts available, each of which attracts their level of bonus starting at 25% with a bronze account and rising to 100% with a gold account.
Can I start trading on a free demo account?
A demo account is free to use for those who open an account with Binarycent. While you do need to deposit funds to open an account, you don't need to spend them to use the demo platform.
What's the minimum deposit and trade amount?
There are three levels of deposit depending on the level of account that you open, but the minimum is $250. Trading on this platform is in cents with the minimum trade being $0.10 which is very low.
BinaryCent Review – Binary Options Trading With Smaller Investments
BinaryCent is a binary options brokerage aimed for smaller traders. The low minimum deposit and trade requirements do a fair bit in ensuring that the company remains relevant for retail traders. Some aspects do require gradual improvements, but BinaryCent is a fairly reliable company.
The binary options market is as unique and diverse as some of the other leading financial markets in the world. However, most binary options brokers and trading companies have similar traits and characteristics that define the conventional norms in binary options trading. That said, the market also witnesses some unique binary options products and exceptional services that may crop up in the industry once in a while.
BinaryCent is one of the newest brokers in the market that knows a thing or two about catering to diverse traders’ requirements. The company has brought out a revolutionary binary options trading platform that aims to satisfy the needs of the smaller retail trader. Hence, it is only our innate duty towards our readers to offer a comprehensive BinaryCent review that is honest and forthcoming about all the details about trading with the company. We take a close look at the broker’s product specifications and will attempt to find out whether BinaryCent is indeed a genuine company for investing in the market.
BinaryCent Company Data & Licensing Information
BinaryCent cannot be considered as a regulated entity, even though the company is owned and operated by Suomen Kerran LP, a Scottish company located in the UK. Suomen Kerran is an official entity of the Finance Group Corp, which is a registered entity in Vanuatu, under the Vanuatu Financial Services Commission. Despite the company’s different origins, existing clients have not reported any serious issues while trading with the company.
It is also worthy to note that BinaryCent is operated by the same company that operates the BinaryMate binary options brokerage. Therefore, it is normal for traders to witness similarities between the two brokers, but both operate as independent firms that have different finances and different company strategies. BinaryCent is more oriented towards the smaller investor, while BinaryMate is aimed at the mainstream market.
BinaryCent is a spanking new binary options broker, as the parent company Suomen Karren LP and the FGC launched the brokerage only in 2017. Therefore, it is certainly not possible to determine the long-term viability of the company without analysing the broker’s performance over an extended period of time. Although traders are assured of high-quality services that enhance the protection offered to investments, we don’t expect the broker to exceed the regulatory protection offered by other regulated binary options brokers.
BinaryCent Assets & Underlying Financial Instruments
The FGC, under its Suomen Karren LP brand, is one of the more advanced binary options brokerages that offer a comprehensive array of financial assets, which covers all the major financial markets of the world. The BinaryMate platform is also an excellent choice of broker for traders that are looking for the most all-inclusive market access to indulge in different financial markets, including Forex, commodities, stocks, indices, and cryptocurrencies. However, BinaryCent does not offer as many underlying assets as its BinaryMate counterpart and is slightly subdued in nature. For more reference, we have compiled a list of all the available assets and have listed them below:
Forex: USD/SEK, USD/RUB, USD/JPY, USD/CNH, USD/CHF, USD/CAD, NZD/USD, GBP/USD, GBP/JPY, GBP/CHF, GBP/CAD, GBP/AUD, EUR/USD, EUR/NZD, EUR/JPY, EUR/GBP, EUR/CHF, EUR/CAD, EUR/AUD, CHF/JPY, CAD/CHF, AUD/USD, AUD/NZD, AUD/JPY, AUD/CHF, AUD/CAD
Commodities: Gold, Silver
Crypto: Bitcoin, Litecoin, Ethereum, LTC/BTC
Stocks: Lufthansa, Deutsche, BMW
We can’t fathom any reason why BinaryCent wouldn’t offer the complete list of assets available under the BinaryMate banner to BinaryCent clients. Even though the choice of assets can keep a vast majority of traders pleased, we would have certainly expected the company to offer further flexibility when it comes to choosing the assets. As of now, traders will have to be content with the slightly lower number of financial assets that are available through the BinaryCent trading platform.
BinaryCent Payouts, Binary Options Products & Fees
Traders might not be too impressed with the choice of underlying instruments, but the company does provide some amazing payouts for its assets. BinaryCent offers up to 90% ROI for some of its underlying instruments, while the minimum payout is 60%. Unfortunately, traders can’t opt for any refunds, as the broker only supports the traditional high/low trading concept. Traders have the option of choosing from three different types of binary options, the Turbo, the Intraday, and the Long-term binary options. The option expiry times are dependent on the type of option, and the minimum expiry time for Turbo options is 60 seconds.
Some other leading brokers may offer lower expiry times such as 30 seconds, but 60-second options are among the most popular binary options in the market. The long-term binary options are available for expiry times as significant as 48 hours, which means that traders can anticipate market movements for up to two days in advance. While we feel that the BinaryCent account offers a more traditional brokerage, we sure miss the opportunity to tweak the trades or exit trades well before their closing time. Binary options trading should offer a bit more flexibility to traders and features such as rollover and double up can certainly make things interesting for investors.
One of the chief attractions of opting for a BinaryCent trading account is the ability to start trading with as low as 10 cents. The minimum trade size of $0.10 can indeed help traders to minimise their capital outflow and manage their risks in trading more efficiently. But don’t worry about the maximum investment, as traders can invest up to $1500 per trade. Therefore, the sheer advantage of BinaryCent is that the broker allows their clients to create a flexible trading strategy that not only helps in conserving funds but also keep binary options trading emotionally balanced.
Traders might wonder if there are any fees to enjoying a low-risk trading environment. In fact, almost all binary options brokers don’t charge any type of fees or costs for trading. BinaryCent does not charge any convenience fee for providing its services, and you should be careful about any broker that requests you to pay for their services.
The BinaryCent Trading Platform
Traders who are familiar with the BinaryMate platform will be able to spot numerous similarities between the BinaryMate and the BinaryCent platform, not that it is a bad thing. The online trading interface is an independent web-based interface that can be accessed through a web browser. The eye-catching interface is certainly an efficient and reliable trading platform, and shouldn’t offer any troubles for most users. The BinaryCent trading platform is incredibly easy to get accustomed with, and traders can access all of their account features without facing any difficulties.
If you are a beginner trader, the BinaryCent platform offers plenty of assistance to get you going. Even the live video chat feature is a unique novelty feature that provides a human touch to the proceedings. The BinaryCent interface is an excellent binary options trading platform, and can apparently pull its weight when pitted against all the other leading platforms in the market.
BinaryCent Mobile Trading
BinaryCent mobile users can access their accounts either through the BinaryCent web trading interface or through the mobile apps for iOS and Android operating systems. The Web Trader works as a great mobile trading tool, which simply requires the trader to point their smartphone or tablet’s browser to the platform URL. Alternatively, the broker also offers free downloadable apps through the Google App store and the Google Play store, which should provide a more convenient and safer alternative to browser-based trading.
BinaryCent Accounts & Account Funding
Since BinaryCent offers the ability to trade in cents, it is evident that the broker does not stipulate any high minimum deposit requirements for its trading accounts. There are three different types of trading accounts at BinaryCent, the Bronze, the Silver, and the Gold accounts. Traders are only required to deposit a minimum of $10 for the Bronze account, which is available for all deposit amounts up to $100. Traders will be able to rejoice that BinaryCent has allowed its traders to deposit a smaller amount for trading, which not only controls the risk but also allows a large section of the retail trading market to invest in the binary options trading product.
For accounts that are larger than $100 and up to $300, the Silver account offers slightly better account conditions such as a master class web session with top traders and up to 3 risk-free trades. The Gold account is the premium account option, which requires a minimum investment of $301, but offers all the Silver account benefits along with a personal success manager and a Swiss prepaid card. Traders must also note that the broker only accepts deposits up to $5000.
Another significant advantage of a BinaryCent account is the deposit and withdrawal options and the broker’s commitment towards fast processing for both funding options. Deposits are usually made instantly, while withdrawals are processed within an hour. Some withdrawals may take up to 6 hours to process, but the average withdrawal time of 1 hour is certainly impressive. Funding methods include Visa, MasterCard, JCB, American Express, Union Pay, Neteller, Skrill, Perfect Money, WebMoney, QIWI Wallet, Yandex Money, Bitcoin, OK Pay, and AliPay. The broker does not charge any fees for both deposits and withdrawals.
The BInaryCent bonus offerings are categorised according to the deposit amount and the category of account. Bronze account holders get access to the lowest bonus of 20%, which is slightly less than what the average binary options broker pays to its clients. We have seen brokers offering close to 50% for smaller account holders. There is a 50% bonus offered by the company, but it is reserved for silver account holders. Gold users can receive a 100% bonus, but the bonus is usually dependent on several trading conditions.
The first three trades are offered as risk-free trades for Silver and Gold account holders, which are provided as trading credits in the event of a loss. The risk-free trades are offered on top of the existing bonus and come with the same trading conditions as the regular bonus.
BinaryCent Demo Accounts
The BinaryCent demo account is not what you would expect from a mainstream binary options broker. Traders will have to make a deposit before they are allowed access to a demo account, which is contrary to the popular consensus. A majority of binary options companies offer a free demo account either for a limited or an unlimited period. The most important aspect of demo trading is to understand the platform concepts and to get familiar with the trading platform. However, BinaryCent requires its clients to make a real deposit before demo trading, which eradicates the overall integrity of a demo trading account.
BinaryCent Customer Support Department
BinaryCent follows the same customer service principles that are applied to the BinaryMate brokerage. Traders receive access to a live video/text chat feature that ensures 24X7 support throughout the trading week. The live chat feature provides a human touch for traders, and it is certainly a great feature for traders who require constant access to a verifiable person behind the live chat interface. Despite the live video support feature, we would advise BinaryCent to improve the overall experience by offering better training to the customer service representatives. Nevertheless, the BinaryCent customer service aspect is at par with the industry standards.
Extra BinaryCent Trading Features & Resources
BinaryCent keeps it brief and straightforward for traders by offering a short collection of market analysis and charting tools. The company does not cover major market events; neither does the company offer timely news or analysis of the underlying assets. It is up to the trader to analyse the markets and come up with their own conclusions for trading. BinaryCent also refrains from providing any trading signals, and the risk for all trading activities rests with the trader.
- Traders can start trading from 10 cents.
- Low minimum deposit requirements.
- Innovative customer service through video chat.
- Respectable bonus structure.
- Feature-rich trading platform. BinaryCent also provides dedicated platforms for mobile trading.
- Not regulated or licensed according to modern standards.
- Paid demo account is not suitable for all traders.
- The choice of assets is lower than its BinaryMate counterpart.
Can I get A Free Demo Account?
No, BinaryCent only provides a paid demo account. The demo account is only available for traders who make a deposit into their live trading account.
What Are The Minimum Deposit Requirements?
Traders can invest as low as $10, and the minimum trade size starts from $0.10.
Is BinaryCent A Scam?
No, there haven’t been any instances to suggest that BinaryCent is a scam.
What Is The Withdrawal Time?
Withdrawals are processed within an hour and can take up to a maximum of 6 hours. BinaryCent offers one of the fastest withdrawals in the market.
BinaryCent Review and Bonus Info
Most newcomers are always hesitating on starting their trader road due to the amount of questions arising. What is trading? How is it performed? Can I do it myself? With whom to start? And many others.
The main solution that will resolve all of this is to get to the right broker. This is the key factor, since you will get all the information, details and educational material right from them. This will simply lots of things and will allow you to be on the way to success.
Nowadays there is a lot of different broker companies providing you access to the market. Unfortunately not all of them are trusty enough to start with them. So who is this worthy ones, you would ask.
We can provide you with the answer to this question.
Starting from 2017 BinaryCent has been doing its best to provide high-quality service for any grade traders around the globe. This online trading platform has been property of the Cent Project Ltd. company which subsidiary to based in Vanuatu – Finance Group Corp. They also possess one of the leading binary options trading platform under the brand name BinaryMate. The difference between both of them is that BinaryCent provides access to such trading tools as CFDs (Contracts for difference), spot Forex and Options.
Their main dedication is to provide service and/or knowledge to people ready for micro-investment in the market, which allows you getting real experience by risking only small stakes. On top of that, there is availability to participate both with US$ and Cryptocurrency.
Is BinaryCent Legit?
Always, before starting with a broker, you spouse to check it’s legibility in terms of working on the market and how well you are protected while cooperating with them.
By checking BinaryCent webpage we can see that they are operating under the legislation of Vanuatu which provides them availability to provide their services as broker company by local law. Still there is another important factor that should be taken into consideration – broker license. Unfortunately there is no one stated on their web page, so this means that in case they are without one, you won’t be protected under the international regulator authority, but just by the laws of Vanuatu and ones from your own country. For this you will need to check the relations between both of the and to find how you are protected. Nevertheless this makes them good enough for starting, training and getting first experience without investing thousands of $.
How to Work with BinaryCent?
After making the right decision, the question up there is the one that will hit you right away. There is nothing difficult out there, the only thing is that if you are on the US territory, there nothing more to read for you, since this broker does not provide services for the whole USA region. For all others, let’s get it started.
First of all – you don’t need any specific software to start trading, so you can forget about all the drag that many traders had when installing MT4 and than all the required add-ons to get the same service you get here right away. That’s why your very first step for starting is to go on their web and complete the registration. The web is available in 7 languages, so you will surely find the one that fits you. It is simple enough and requires only some basic data as name, e-mail, phone number and currency desired. There is also a promo code field (gets you some extras as f.e. +100% from the deposit amount), but a bit later about that.
After the registration you are launched right away to the platform on you demo account, where you are able to see the software, the instruments and to find out how it works. Better just stay in touch with their manager and ask for educational materials (they have it in vlogs), so you could test all the needed.
Demo account is a bit cut, you get access only like to 15 trading instruments and not all the functions are open, but still good enough to start. After getting the freshman’s intro, it is good to start with the small deposit, to start earning, since at the end of the day, that’s why we are all here.
Before making the first deposit you need to understand how the bonus system works and what are their terms for commission.
In case you receive a bonus, you will need to turn it over 3 time, both the bonus and deposit amount (f.e. $500 deposit + $500 bonus = $3000 to be turned) This is required due to fact that broker earns its % (called spread) on each trade, and if you won’t to do this, they will not get back the bonus provided to you.
As for commission, they are charging from 1% to 5% on each trading transaction depending on the instrument used (CFD, Forex or Option). Plus the swap fee (if trade stays open up to the next day) in amount 0,07%.
Now you are good enough to make the deposit. The minimal one is $250. Als they have three different programs: Bronze, Silver and Gold (can’t all those guys find some better namings already?). Each one has its benefits, you can check them right below. There would be no advice on the account type, since it all depends on your desires and goals, but having master class is very useful for the newcomers.
Now let’s speak about the trading platform. As already mentioned it is software-free (if using your PC or laptop) and you don’t need to download anything, just click-and-go. It is also mobile friendly, and you can get an app be it iOs or Android (check on each store). This makes it good enough to be tuned all the day without being bound to one place and check the trades and the market all the time.
The trading platform has been specially developed for Financial Group Corp. and is their own property. This explains why it is convenient enough for any trader type.
What is worth mentioning, is that despite being online, they not only provide you with the market chart and the availability to buy/sell, but you also get excess to such tools as fundamental and technical analysis, market news, trade patterns, and an events calendar – all in one place. We could be speaking for long about each instrument, but we are not here for them, just briefly – this is very useful and normally you should get all this from different sources or being calculating all by yourself. This is a big plus.
In all other ways it is same as any other platform with over 50 different assets available, leverage with up to 1:100, stop loss/take profit backup, and different customized settings.
Deposits & Withdrawals
In terms of withdrawal and deposit, there are plenty of methods available, from Visa/MasterCard up to BTC. In terms of cryptocurrency it worthy to mention that there are different options and you are able to do it not only in Bitcoin or Ether, but also with the alt coins as Dash, Lite and others.
In terms of security they trustworthy enough, since 256 bit SSL encryption and 3D secure are both on place. For those who doesn’t know, it is the same as any other legit and protected banking transaction. As for the period it normally takes one day, but there are cases as one stated above, so don’t forget to turn over the indicated amount. Also for withdrawal you will need to provide some documents (listed on the web) for identification, this is normal for every broker, so no worries.
They say it is 24/7, but to be honest, works 100% only with gold accounts. Silver and especially bronze do not get such attention. But still helpful enough most of the time and can resolve your difficulties together with providing an advice or explication.
BinaryCent Promo Code
Here is the promised:
To sum up – this is a great solution for a starter trader, since you get pocket access to the market with all tools in one place and over 50 assets. Allowing you to start trading only from $250 removes the high-loss risks and provides you great experience. On top of that you get educational material and support, so you could feel yourself more comfortable. The transaction security and amount of different methods make it even more convenient and accessible for each and everybody.
But not only there are some pros, cons still are on place. It would be better to get their license on the web, so everyone could check it.
Recommended so far.
It’s time to take a look at another binary options broker. This time, we went with a company that was launched in 2017, so we can consider them a newcomer to the industry.
However, they are prepared to fight for every client and have some very interesting features in their bag of tricks to attract them. It was actually quite refreshing to see some of these things, so stay with us until the end of the article because you will really see some great ideas.
Our Binarycent review contains absolutely everything you need to know about this broker since we tested the company ourselves to get a sense of the experience that awaits you on their website.
Welcome and read on!
– low minimum trade
– accepts cryptocurrencies
– regular contests
– many types of trading
– video chat
– versatile trading platform
– no educational materials
Obviously, you need a Binarycent account to be able to trade here, and opening one is really easy. At first glance, everything looks standard with short forms containing personal information you need to fill out. However, there is an interesting detail you don’t want to overlook – when creating your account, you can also input your Binarycent promo code (more on that later) for a boost right from the start.
There are three account types to choose from: Bronze, Silver and Gold. They all offer quick Binarycent withdrawals, video chats with the support team, demo accounts and a special Copy trading tool, but the Silver account will give you a personal manager on top of that. You will need to deposit at least 1000 USD for that pleasure, though, whereas if you deposit at least 3000 USD, you can become a holder of a Gold account. This will allow you to participate in special web sessions where you can get special tips from the broker’s staff. Therefore, there is no doubt Binarycent accounts offer a pretty fair amount of options. It has to be mentioned, though, that if you want to get a demo account here, you will have to create a regular trading account first, fund it and then contact the support to give you a demo version. A bit too much work, if you ask us, but our article has many more features to cover, so don’t go away. Things are about to get much better and reasons for any Binarycent complaints will soon completely disappear.
How to fund your account?
Once you have your account, the next logical step is to make a Binarycent deposit. And here we come to the first thing that separates this company from so many others on the market – deposit methods. Sure, you can fund your account via Visa or MasterCard (but there may be a 5% Binarycent deposit fee in this case, depending on your payment service provider, whereas using other methods is completely free), Skrill and Neteller, but the thing that left us very impressed was the fact that you can use a large number of cryptocurrencies, too. Bitcoin is among them, obviously, but you can also use Ethereum, Litecoin and even Dash. However, Binarycent deposit methods do not end there because you can use Perfect Money on top of all this, too.
We can’t forget about the numbers, now can we? We said already that a fee can be applied only to Visa and MasterCard transfers. As for minimum Binarycent deposit, it stands at 250 USD, which is pretty standard in this industry. What is not standard is the amount of investments you can make with that. Stay with us and see what we mean by that.
Binarycent platform and trading features
Our Binarycent review is now getting to the meat of the matter because we are going to be talking trading and trading alone in this part of the analysis. Now, you can trade binary options, CFDs and forex here, but cryptocurrencies are also available, which immediately gives you a large number of choices. Not only that, but you can expect payouts of up to 95% here! The whole Binarycent platform was created by the company’s own experts, so you can expect a pretty unique trading environment. The most unique thing about it certainly, though, has to be the amount you have to invest in order to open a trade. You see, the minimum trade here is just 0.10 USD. That’s right – TEN CENTS! Honestly, we can’t remember that we’ve ever encountered a broker with such a low requirement. Sure, there are those that allow you to start trading for one dollar, but this…
Binarycent platform does not require downloading it, plus there are more than 100 different assets to choose from. That’s not all, because you can also choose between three types of investments when it comes to time – Long term, Intraday and Turbo. However, once you open your trade, you are not helpless, either. Quite the contrary, you can do quite a lot with it. For example, the Binarycent platform allows you to close your trade early or roll it over. You can even double up on an investment if you think things are going your way, and then there’s the possibility of activating the margin call where your trade will automatically be closed if it reaches the 5% margin level.
We already mentioned at the beginning of this Binarycent review that the platform also allows you to copy trades from other traders, so you are pretty much guaranteed to enjoy yourself here. However, we still have a lot to examine. Keep reading!
Is there a Binarycent app?
Yes, yes there is! Serious brokerage companies cannot afford to leave their clients stranded when it comes to mobile trading, which why we’re tackling Binarycent app next. The review would simply be incomplete without it, so let’s see how your mobile devices can be put to good use.
Yes, multiple types of devices can be used for this because Binarycent app runs smoothly on both Android and iOS smartphones and tablets. In both cases, we are talking about a piece of software that is extremely easy to use thanks to its intuitive design. It is very easy to keep track of the market this way, and you can make your move in a blink of an eye. You can invest in short-term and long-term options literally whenever you want, since Binarycent app will keep the market door open for you 24 hours a day, seven days a week. The same goes for accessing the support. Naturally, you can also manage the funds in your trading account this way, so don’t be afraid to initiate a withdrawal if you need to or make a deposit if you see a trade you just can’t afford to miss.
The app runs very smoothly, so you shouldn’t have any problems with it, and the way people have graded this product reflects that. Don’t think for a second that we’re done with trading here, though, because this Binarycent review has a lot more to say on that topic. Stick around!
Binarycent forex and CFD trading
As mentioned, binary options are not the only type of trading you can choose with this broker. Binarycent also offers forex trading and CFDs, so let’s check that out in greater detail. We can’t skip something so important.
For the most part, forex trading here has the same requirements and features we discussed earlier in this article: the minimum deposit is 250 USD, you can open a trade with just 10 cents etc. However, you will be happy to know that the offer also includes more than 15 cryptocurrencies you can trade this way, which makes things a lot more interesting. In addition to that, there are more than two dozen of fiat currency pairs you can invest in, from EUR/USD to USD/SEK, so you should have no problems finding the right combination.
Binarycent leverage is 1:100, which is fairly standard in the forex industry, and another thing that is interesting to note is that your forex trades here can last only 60 seconds, so you can pretty easily swoop down and collect some profit. Of course, Binarycent app can help you here too, plus you can copy trades from whoever you choose. Therefore, no matter if you choose binary options, forex or CFDs, you can count on an excellent experience when trading on this website. Once you’re done, you can easily pick your profit up with just a few clicks. The following part of Binarycent review has all the details concerning that process. Read on and learn all about it.
What to expect during Binarycent withdrawal?
Yes, Binarycent withdrawal will be our next topic. It seems logical to focus on that subject matter now to complete the deposit-trading-withdrawal cycle before we move on to other matters. So, what can you expect in this regard?
Above all else – security. We won’t go into that much here because you have our Binarycent Scam Test if you want all security details, but suffice to say that we experienced no signs of any kind of fraud. Everything worked just fine for us. All the methods we mentioned earlier in the part about the deposit are available here too, which means you can make a Binarycent withdrawal in cryptocurrency if you so desire. Minimum Binarycent withdrawal is set to just 50 USD, which is substantially lower than what most brokers demand and therefore a big plus for this company. After your request gets verified, you should receive your funds within an hour. That’s another major advantage of trading here – quick access to your funds at all times. Again, expect a withdrawal fee only if you’re using Visa and MasterCard cards. Apart from that, there should be no additional costs here. But if you ever have any questions about that, don’t hesitate to contact the support team. We will show you what they can do in the next part of this Binary cent review.
Binarycent support and video chats
We have to say that we were really impressed with the quality of assistance you get here. Sure, you have your standard FAQ section here, as well as all important policies clearly laid out in front of you, but the main feature of Binarycent support is the live chat. However, before we get to that, we’d like to mention that you also have six different phone numbers you can call, plus there is also an online form you can fill out and send to the broker if you wish to communicate via e-mail.
But to get back to Binarycent chat, what makes this feature so special is the fact that we’re talking about video chat here. Yes, you can actually see who you’re talking to, and you’d be amazed how much that gives you a sense of security. Not a lot of companies do this, so we certainly have to commend these people for providing that option. But that’s not the end of surprises Binarycent chat offers because you actually get to make a choice here – group chat and private chat are your options. However, you have to have an account to be able to choose the latter, so keep that in mind.
Another very neat feature is that you can switch between operators if you wish to do so. Binarycent support is online 24/7 and always quick to respond in a very professional manner, and thanks to multiple operators working there, you never have to wait too much for an answer. Mind you, that goes for all contact methods the broker has to offer. However, there are many more very interesting features we need to go through. Stay tuned for the next part of this Binarycent review!
Take part in Binarycent contests
Yes, there are more things on this website many other companies in the industry can’t offer you. For this one, we cannot say that it’s unique, but we are certainly glad that it’s here. We’re talking, of course, about Binarycent contests.
Now, these are weekly events that don’t require you to do anything special to enter. All traders who trade on this platform will participate automatically. The object is to be the trader with the biggest number of trades during the time of the Binarycent contest, but if you end up in the top 20 it can also be worth your while. This is because the top 20 traders get prizes ranging from actual cash to various Binarycent bonuses. Here’s how it works: the best four traders will split 2000 USD in cash between them, with the top trader getting one half of that amount, while the rest divide the other half between them. Other traders can get bonuses varying from 10 to 100 USD, but you can also win a new iPhone if you’re lucky. You will be notified by the broker via e-mail if you win anything during a Binarycent contest, plus you can always check your rank by entering your name in the search field on the contest’s page. If you win a bonus, however, keep in mind that some special conditions may apply to it. That’s the next thing we want to dissect in our Binarycent review, so don’t go away.
Binarycent bonus policy
It is common practice for brokers to give you something extra when you deposit with them. It’s just a way of showing appreciation for your faith in them. Naturally, this company is no exception.
Binarycent welcome bonus will provide you with three different amounts. For deposits up to 500 USD, you will get 20% extra, if you deposit between 500 and 3000 USD you get 50%, and deposits above 3000 USD will bring the Binarycent bonus to 100%. Therefore, if you deposit enough, you will be able to double your trading funds. Of course, there are also the bonuses you can get from the contests, so all in all, you have a pretty well-rounded offer here.
However, do not fall into the trap of considering this free money from the broker. At the bottom of the website, you can find Binarycent bonus rules which can be downloaded to your computer. We sincerely recommend you do so because it’s not a long read (less than two pages) and it will provide you with all the necessary information. Most importantly, you will see that the turnover requirement for withdrawing the bonus is just three times in three months. If you can’t do that, the bonus will be canceled. These are actually extremely low requirements when compared to many other brokers (the turnover requirement is often 40 times the bonus amount), so we view this policy as another big plus for the company. Don’t forget we mentioned Binarycent promo codes earlier in the article, so it might be a good idea to look for them and see what you find. Why not start things off with a bang from the get-go? As you can see, the bonus offer is quite versatile, but is there anything we don’t like here? Well, there are some things, yes, but we need a new Binarycent review paragraph for that.
Can any reasonable Binarycent complaints be made?
No broker, not even this one is perfect. Yes, there are some things that can be done better here, but we have to emphasize that they still don’t bring overall impression down too much. The FAQ section could be a bit more detailed, to be honest, and all those articles explaining the types of trades here could maybe be more neatly arranged in their own category, but that’s just nitpicking Furthermore, given how small the minimum trade requirement is, the minimum deposit could be lower.
Additionally, we tried to get some feedback from other traders, as well. There were no serious Binarycent complaints from them, at least not the ones we could back from our own experience. Most people agree with what we have to say on this matter, although there were some claims that the platform is rigged. We strongly disagree with that because our trades were always executed on time and we always had access to the latest market data. So, while there are some reasonable Binarycent complaints concerning the broker’s offer, the advantages of trading here still outnumber them by quite a lot.
What this Binarycent review has taught us
This last sentence we wrote seems like a perfect way to sum up our Binarycent review. This is a broker that is not perfect but offers a whole lot. As a matter of fact, some of the features here are unique in the trading world. By this, we primarily mean the 0.10 USD minimum trade requirement, of course, but many other features are bound to intrigue you. Three main account types are at your disposal, along with some pretty interesting money transfer methods and bonuses. The platform also comes as an app, and in both cases, you can trade both forex and binary options. Don’t forget about Binarycent contests either because there you can win some great prizes every single week, plus the bonuses can serve as a big boost, too. The support is also excellent, although it’s pretty clear the company has everything riding on its live chat. This really is a neat feature which allows you to actually see who you’re talking to, plus you can even initiate a private session if you have an account. Like we said, some things (like education) could be better, but this does not mean in any way that this is a bad broker. Quite the contrary, if you’re not a complete beginner, this website will provide you with absolutely everything you need to successfully trade. We firmly believe that this is the place where you will find what you’ve been looking for. Open an account now and give these guys a chance. They really deserve it!
BinaryCent Review – The Secret Of Successful Binary Trading
BinaryCent is a perfect offshore trading broker if you are looking for a new binary options broker. The broker is relatively new with multi trading types for both new and expert traders.
A proper research is necessary when it comes to select a perfect broker. BinartCent offers almost all things that you need to start trading. In addition, both desktop and mobile device is available for traders.
Moreover, BinaryCent is managed and established by a group of people who are professional in the trading field.
On the other hand, this broker also allows traders to perform binary options trading with the help of automated trading bot including BinBot Pro and CentoBot.
Through our review, you will get to know a detailed information on this broker including demo account, account types, trading platform, and so on.
Let’s see whether this broker is legit or a scam online.
BinaryCent Review: What Is BinaryCent
BinaryCent is a broker which offers Forex, CFD, and options trading for traders. It is founded in 2016. The trading platform was developed and launched by a group of experienced investors.
The company is operated by Cent Projects Ltd., having its registered office at 309&310 Office, Albert Street Victoria, Mahe, Seychelles. It is a Licensed and registered broker in the Vanuatu Financial Services Commission.
Unfortunately, the broker does not provide any service on the USA territory. Moreover, the platform allows its traders to trade without downloading any software.
More than 100 of trading assets are there for you. Apart from these, you can enjoy trading bonuses depending on your deposit amount.
On the other hand, there are a variety of trading account types. You can select according to your trading investment capability and skills.
BinaryCent Features: Why Choose BinaryCent
BinaryCent is an international broker with diversifying asset options. You can consider it one of the best online trading platforms for binary options.
BinaryCent provides a lot of useful features along with many benefits to make the company unique. These are:
- Offshore Regulated Broker
- Demo account facility
- Minimum deposit amount $250
- Trades from 10 cents
- Trading assets 150+
- Maximum return up to 95%
- Withdrawals in 1 hour
- A wide range of deposit and withdrawal methods
- 24/7 multilingual customer support
- Weekend trading facility
- 100% bonus
- Risk-free trading
- Leverage up to 1:100
- Copy-trading facility
- 100% of data protection
- Minimum spread 1.0 pip
- Minimum Withdrawal $50
Sign-Up And Login Process
The registration process is simple for traders. It is free to open an account with BinaryCent. To complete your registration, traders need to go through some steps.
On the other hand, it is prohibited to open an account by using the same name and address. The company has the right to cancel registration if they find any double registration from same client.
Not only the registration but also the team will cancel your opened position and withdrawal request. The account will be frozen until they finish their investigation.
On the other hand, you have to submit authentic documents with valid information. Because the company will communicate with the client by using that information.
Similarly, as a client, you have to guarantees that you are not less than 18 years and sane.
Now, follow the steps which we mentioned below to open a free account with BinaryCent.
Sign Up Or Registration Process:
- First, click the “Signup” button after opening the main website of BinaryCent.
- You will get a form where you have to put all the information like name, contact, e-mail, password, and account currency
- You can also enter the “Promo Code” if you have any. However, the promo code is an option for traders
- If you are not from the USA and agree with the terms and condition, then please tick the box
- Finally, click the “Next” toggle to complete your registration
Just enter your registered e-mail address and password to log into the platform or trading dashboard.
Traders have to follow some steps to verify their account. Firstly, go to the “settings” option. Then choose “personal data” from where you can upload valid and legal documents to verify account.
Choose your ID types from the list.
- Personal ID
Document As Passport:
Please upload a copy of passport in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.
Then, click the “Sign the Agreement” button to sign and save it. It usually takes 1-2 working days to complete the verification.
Document As Personal ID:
Similar to the passport, please upload a copy of personal ID in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.
Moreover, upload the front side and backside of the Personal ID’s pictures and sign the agreement. It usually takes 1-2 working days to complete the verification.
Trading Account Types
CentoBot offers three types of trading accounts with various trading features. You can choose the most demanded services into packages. The minimum deposit starts from $250.
However, you can deposit a maximum of $50,000. So, the account types are:
Among these three accounts, the most popular account is Silver. Note that in case of negative trading results, risk-free trades are compensated in the form of a trading bonus.
BinaryCent Demo Account
BinaryCent offers a demo account for traders. A demo account is essential for any types of traders to know the platform and its functionality. On the other hand, expert traders mainly use a demo account to practice with a new strategy before implementing with a real account.
Apart from the risk, the practice account is similar to a real account.
Eventually, to receive a demo account access, you need to fund your trading account. After that contact customer support to get a demo account credentials.
Trading Platform Of BinaryCent
A trading platform is a place where traders trade by using different trading classes. You can easily place a trading order from BinaryCent platform.
The trading platform is quite organized. In the left side of the platform, you will find two separate trading types. One is Binary Option and another one is CFD/Forex.
Additionally, under each trading type, you will find different trading classes like currencies, crypto, commodities, indices, and stock.
On the right side of the platform, you have to select a few things depending on the trading types. For binary options trading, traders need to select option types, time, and amount.
At the same time, for Forex and CFD trading, traders have to select the only trading amount. Note that leverage ratio is fixed for traders depending on the asset’s class.
Apart from these, there is a charting tool, fundamental analysis, trade pattern ideas, news, technical analysis, and an economic calendar. To make a complete market or asset price analysis, you have to use these trading tools which we mentioned above.
Moreover, you can see two types of line. One is the yellow line which indicates purchase deadline and another one is white line which indicates expiration time. Traders can select whether a candle chart or a tick chart to see the display of the market movement.
On the other hand, from the trader contest option, you can see a leader-board with all information like ranking, trader’s name, total traders, and prize. Moreover, from the copy trading option, you can follow and copy the top 10 traders.
The list will show you all information including the trader’s name, profit percentage, and trade size. You can follow a trader with a maximum trade size of $100.
Moreover, the sentiment analysis tool will help you to take decision when to buy and sell a trading asset. You can also see the status of your trading whether it is open, close, or pending.
Similarly, you can check the trading history (previous trading) from the platform.
BinaryCent offers two types of trading for traders. One is Binary Options and the other one is CFD/ Forex trading. There are more than 150 trading instruments are available to trade.
So, you can trade binary options on forex, commodities, cryptocurrency, and stock. Moreover, traders can trade CFD/Forex currencies, commodities, crypto, indices, and stock.
For binary options, traders can place a trade for 1 min to 30 min. However, you don’t need to set the trading time for CFD/Forex.
Here, the leverage ratio depends on the trading instruments. The maximum leverage ratio is 1:100. But for cryptocurrency, the leverage ratio is 1:3.
You can find payouts for different trading assets in the platform. The maximum payout percentage is 95%. Payout percentage means, if you open a trade with $100 of investment, then you will receive $185 payout after winning the trade.
So, the investment amount is $100 and the profit is $85.
For traders, BinaryCent offers trading bonuses which depend on the deposit amount. The bonus percentage starts from 20% to 100%. These bonuses are limited-time offers. On all CFD trades, bonuses are eligible.
Moreover, to maintain a trading position or to open a larger position, the bonus will give you an additional margin. Remember, the profit and loss will always be related to trader’s net balance, not on the bonus amount.
If you deposit $250, then you will get a 20% bonus. So, the total trading deposit is 300. Similarly, for $500, the deposit percentage is 50% and for $3000, its 100%. Please note that the bonus will be paid in the base currency.
You cannot withdraw any bonus amount from your trading account.
Those who don’t have previous experience in trading on financial market can copy the most successful traders.
To copy traders, you have to create an account with BinaryCent. Apart from the account creation, you have to fund your account with an initial deposit. The deposit amount depends on the account types.
From the main dashboard or trading window, you will find a list of top 10 successful traders. So, choose one or more successful traders, start copying and follow the results.
BinaryCent App - Mobile Trading
You can trade the financial market without sitting in front of your trading device. Now, trading is easier than before. Traders can trade from anywhere at any time via mobile trading.
You can download mobile trading app from Google play store or Apple’s App store.
You can trade all trading instruments via mobile trading app. So, you can fulfill your all basic trading functions from trading app. The only difficulty is that you have to trade on a smaller screen instead of a bigger screen.
BinaryCent Deposit Process
The deposit is easy for traders. You can deposit or fund your account via Visa/MasterCard, Bitcoin, Altcoin, Tether, and perfect money.
Perhaps, there is not deposit fees for traders. But, if you want to deposit via Visa/MasterCard, the BinaryCent will charge 5% deposit fees.
Enter your amount according to the account types. Along with the deposit amount, you have to enter card information like card number, expiry date, surname, and CVV2 number.
Moreover, you can save card information for further usage.
Funding through a bitcoin will help you to get a 5% extra bonus. For completing this process, you have to create and fund your bitcoin Coinbase account.
Lastly, fund your account by scanning the QR code using Coinbase mobile app or directly from your Coinbase account.
Traders can also deposit the amount by using Altcoins. You will find a list from where you can select your desired coin and amount. Similar to the bitcoin account, traders have to open a Coinbase account.
Fund the account by using Tether. Choose the type of Tether from the list. You will find two types. One is Tether (Omni) and another is Tether (Erc20).
If you want to fund your account via perfect money, then you just need to give your e-mail address and the amount that you want to deposit.
BinaryCent Withdrawal Process
Now, you can withdraw your profits via Bitcoin, Ethereum, Altcoins, and Perfect Money. It is important to choose the same methods that you have to choose during deposit your account.
The minimum withdrawal is $50. Moreover, a withdrawal request will accept within 1 hour. However, during public holidays and weekends, funding time may be delayed.
But, before accepting the request, BinaryCent will ask for a proof of identity and address of the requester. Moreover, the fees will be applied based on the account types and the withdrawal method.
Note that BinaryCent doesn’t process withdrawal requests to e-wallets, bank and credit card accounts, not belonging to a trading account owner.
Especially from BinaryCent, it is recommended to withdraw your profit via Bitcoin. Because Bitcoin provides the fastest withdrawal with zero commission.
Concurrently, you have to make at least one trading deposit by using Ethereum, Altcoin, and Perfect Money, if you want to withdraw funds via selected methods.
The customer support team is dedicated. You can contact the team via live chat option and also can select language from the list.
At the same time, you can also contact them via customer support phone numbers. You will find those number from their website.
Lastly, you can send them a message by filling a form with your name, e-mail, and phone number. The support team will contact you.
People choose this broker after seeing many advantages. These offers are really unique and makes this platform different from other platforms.
- They give guarantee that the withdrawal process will complete within 1 hour
- You can continue trading over weekends without stopping it.
- Trading via this broker is 100% secure and your data will be full protected
- For new traders, there is an opportunity to trade under experienced trader’s guideline
- Dedicated customer support 24/7 with 6 different languages
- More than 10 000 daily processed transactions
BinaryCent is an offshore broker. As per the broker, they are regulated and a part of a Finance Group Corporation. However, the regulatory body is not famous.
We could not find a detailed overview about their regulation from the main website.
On the other hand, there is no clear view on trading awards. Moreover, there is no educational material that can help new traders to learn more about trading.
BinaryCent does not offer free demo account for traders. You have to open a live account first. After that you can apply for a demo account.
The last drawback is that the broker requires comparatively very high initial deposit. By comparison, you can start trading with IQ Option, Binary.com, Binomo, Olymp trade, Expert Option etc. by depositing just $10.
Finally, it is the perfect way to sum up this broker review. BinaryCent is a fairly new broker. This is a broker that offers a wide range of trading instruments.
However, there are also some features that makes this broker unique. We strongly believe that this is the place where you will find everything what you have been looking for.
So, it’s better to open an account with them and start trading.