Binary.com Reviews: Demo, Deposit & Binary Options Trading Info

The Isle of Man and Malta are both home to Binary.com, which was originally known as BetOnMarkets.com. This company is a fixed odds financial betting broker that has won multiple awards. The Regent Markets Group, which has broad business interests in the Asian Pacific region, is the owner of the platform and the company that operates it. Binary.com, which functions as a platform for online gambling, is duly licensed and controlled both by the Isle of Man’s Gambling Supervision Commission and by the Lotteries and Gaming Authority in Malta. There are two operational bases since the broker serves clients in the European Union market and the market in the United Kingdom using distinct corporate vehicles. This is why there are two operational bases.

This worldwide attitude is reflected in the fact that they have recently opened a Bitcoin account. It enables traders to fund an account with Bitcoin cryptocurrency, which can then be used to trade. At this time, however, the account is only available to account holders who are not located in the EU. As part of the company’s commitment to embracing blockchain technology and existing cryptocurrencies, payment methods have also been extended to include Ethereum and Litecoin.

Marketplace for Traders

At first glance, it is clear that the trading platform that is made available by Binary.com is rather different from all of the other platforms that are typically seen with other binary brokers.

One of the first things you’ll notice is how uncomplicated the user interface is. There is a complete implementation of the fundamental functionalities. If you read down further, you will see that the platform offered by Binary.com does not offer anything particularly remarkable… This paints a completely different picture.

Our pleasant surprise came from the discovery that this platform provides such an extensive charting tool for their platform.

Traders also have the ability to access a list of daily pricing and intraday prices by using the tabs that are available right below the main trading interface.

The prices that are shown are extremely thorough, displaying information such as the % change that can be found to the right of the price quotes.

Charts

As was just recently discussed, one of the defining characteristics of the trading platform offered by Binary.com is the availability of charts. Traders have a variety of options to pick from when it comes to displays, including the following:

• Line Charts

• Charts that you may interact with

• Charts that “Pop-up”

• Charts from the Past

Trade Types

Binary.com is not your standard binary options broker; consequently, the trading contracts that they offer are a little bit different from the binary contracts that are most commonly used. For instance, traders have the option of choosing from:

• Option Contract with Rise and Fall Prices

The traders will determine if the expiry price will INCREASE or DECREASE in comparison to the spot price.

• Contract with Higher and Lower Options

The traders will judge whether prices will wind up HIGHER or LOWER than a target price that has been specified.

• Contract With a Touch or No Touch Option

During the time period covered by the contract, a payout is generated either when prices Trade TOUCH or DO NOT TRADE TOUCH a particular price target.

• Contract With an In-and-Out Option

The objective is to determine whether or not prices will be inside or outside of two predetermined price ranges.

• Tick Trades

In a manner comparable to that of options for 60 seconds, traders in this market predict the direction in which the market will move based on the price changes of five ticks. Tick Trades can be further subdivided into the following categories:

• Trades in the Up and Down Directions

• Lucky 10 Digits

• Quick 10%

Trading in contracts for difference (CFDs) is now available on Binary.com’s Metatrader 5 (MT5) platform. The binary offering will now be expanded to encompass more conventional forms of leveraged investments as a result of this.

Demo and Live Accounts Available

One of the many amazing things about Binary.com is that it allows potential customers to test out their platform with a demo account that comes equipped with $10,000 worth of fictitious money. This is not something that you will come across very frequently with other binary broker companies. Before granting you access to their trading platform, the majority of other brokers will first request that you log in and make a deposit in their account.

Once a trader has made up his mind that he wants to register a live trading account with binary.com, all that is required of him is to fill out the registration form, login, and place a very small initial deposit of at least five dollars, pounds, or euros.

Trader Software Functions and Features

Various Payout Ratios

Binary.com offers payoff ratios that range anywhere from around 60% to 110%, depending on the type of contract selected. On the right-hand side of the trading platform, there is a window that displays the precise payout. Traders want to take note of the fact that the ratio is in a state of perpetual flux due to the movement of the market.

Asset Index

The collection of assets that can be used is extremely comprehensive. Forex, Commodities, Stocks, and Indices are the markets that traders can pick from, in addition to the Random Index and Quotidians Market. Readers who are interested in getting an overview of what is available can examine the complete list on the website in question.

Assistance to Customers

Monday through Friday, support for customers is available at all times of the day and night. Traders basically have the option of contacting them, sending them an email, or requesting that they call them back.

There is a regional difference in the contact telephone numbers. If you go to the page labeled “Contact Us,” you will see the phone number that corresponds to your area.

Reliability

Binary.com is currently subject to the regulation of the gaming regulatory authorities in Malta and the Isle of Man because it functions as an online gambling platform. On the other hand, this is something that is likely to change in the not-too-distant future given that Malta is now exploring the possibility of regulating the trading of binary options on the island.

Before that can take place, however, traders have no choice but to put their faith in the gaming authorities to look out for their legal rights.

However, it is important to keep in mind that Binary.com is a subsidiary of a worldwide conglomerate. As a result, it is quite unlikely that they will engage in any unlawful activity that could damage the reputation of their company.

Mobile App

The mobile app is yet another feature that is quite powerful. The appearance and functionality of the app are identical to those of binary.com, just like the rest of the trading experience.

The mobile edition of the platform’s distinctive trading environment is identical to the desktop version, and the corporation ensures that the app is optimized for each distinct computing platform and device.

For example, the Android app has been developed to make the most of the capabilities offered by Android-based devices. In a similar vein, Apple gadgets such as the iPad and the iPhone will receive functionality that is exclusive to that operating system.

Since the beginning of the binary options market, this brand has been at the forefront because, in large part, to the meticulous attention to detail that it has always displayed.

Traders are able to make transactions and keep existing ones at any time thanks to the mobile app, which provides a trading platform that is not only sleek but also simple to use. It is yet another advantage for the company.

MetaTrader

There are currently three different account kinds available through Binary.com’s MetaTrader platform. These account categories were originally referred to as Standard, Advanced, and Synthetic Indices.

• MT5 Financial

• MT5 Financial STP

• Synthetic Material MT5

These accounts provide clients with the opportunity to trade CFDs on cutting-edge platforms, on par with those provided by more conventional online CFD brokers.

Robot

One further cutting-edge function is known as the “Binary Bot,” which may be obtained through the website Binary.com. The most prominent brokers are all racing to make available features that are comparable to one another. Traders are given the chance to configure and create their own auto traders using this platform.

Traders now have the ability to construct an automated trading robot based on their own trading system or successful trading technique. They are then able to set the robot to “live” mode so that it will trade anytime the market conditions meet the criteria that the trader has established. The building tool comes with a fantastic demonstration that users can go through before they are given full access to it. The best part is that you can test it out before you sign up or login with a real account. Therefore, there is no danger involved in giving it a try. The screen for the robot builder is as follows:

Trading Accounts That Are Available

A normal trading account and a virtual trading account are the only two types of trading accounts that are offered by the broker Binary.com. This is because the broker only has two types of trading platforms accessible to offer its customers.

Virtual Account

The virtual account, often known as the demo account, is essentially a practice account that comes equipped with a virtual cash balance of $10,000. It gives novice traders the opportunity to become familiar with the trading platform and the various trading tactics without requiring them to risk any real money.

In addition to this, it offers an instrument that advanced traders can use to back test various trading techniques and hypotheses.

Regular Customer Account

When you feel that you are ready to start trading for real money, you can open a regular trading account to get started. In contrast to the majority of binary options brokers, which require a minimum deposit of $250 to start a live trading account, Binary.com only requires a minimum commitment of just $5. This significantly lowers the barrier to entry and makes Binary.com more approachable.

The procedure of creating an account is uncomplicated and quick. If you have already signed up for a demo account, upgrading it to a virtual account or a regular account is as simple as clicking a button on your computer screen. If you have previously upgraded to a virtual account, upgrading to a standard account is even simpler.

Account on MT5

CFDs can be traded on a variety of different financial markets using the MT5 account, including forex and cryptocurrency. The Metatrader 5 platform is a recent addition to the selection, and it will be made available to customers in the summer of 2019.

As a result, the program is state of the art and provides a significant number of the capabilities that current traders require. Stop loss, limit orders, advanced charting, trading strategy testing, and one-click trading are some of the features offered by several online trading platforms.

Recent changes made to the MT5 platforms include the addition of new names that more accurately describe the functionality of each account.

Therefore, the ‘Standard’ MT5 account is now known as ‘MT5 Financial,’ but the ‘Advanced’ account is now known as ‘MT5 Financial STP.’

The name of the MT5 Synthetic Indices has been shortened to to ‘MT5 Synthetic.’

The Meta trader service that is provided by Binary.com is undergoing ongoing development and enhancement. It is very obvious that this is a focus area for the group.

Is the Best Website for Day Trading Binary.com?

Binary.com is an appropriate platform for day trading due to the fact that the expiration period for binary options can be as short as two minutes. This makes Binary.com an ideal platform for day trading. The enormous gains that can be made also help to justify the high level of trading risk that is associated with binary options trading.

Binary options, contracts for difference (often known as “CFDs”), and other complicated derivatives are among the items that can be purchased through the Binary.com website. It’s possible that trading binary options is not a good fit for everyone. Trading contracts for difference (CFDs) comes with a high level of risk because leverage can operate both to your benefit and to your detriment. As a consequence of this, the products that are offered on the website might not be appropriate for all investors due to the possibility of losing all of the money that was invested in them. You should never trade with money that you have borrowed, and you should never invest money that you cannot afford to lose. Please make sure you have a thorough understanding of the dangers involved before you trade in the complicated items that are being provided.

Countries That Are Allowed In

Binary.com welcomes traders from most countries around the world, including Australia, Thailand, Canada, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, and Qatar. Traders can open an account on Binary.com from any of these countries.

Traders located in the United States, Malaysia, Hong Kong, Iran, the United Arab Emirates, the United Kingdom, or Spain are unable to utilize the Binary.com platform.

Bonus

Binary.com has terminated their welcome deposit bonus promotion. There are currently no deals that involve free trade or a “no deposit bonus” that are active on any site.

Strategy

A unique approach to the formulation of a strategy is required when dealing with Binary.com. Because the process of choosing the expiration time is one of a kind, every winning plan needs to take that into consideration.

Any trader who is prepared to put in the time and effort to develop their strategy has a chance of making profitable trades because to the versatility afforded by both the trading platform and the software itself (in terms of expiry and contracts).

This is one of the primary reasons why expert traders continue to go toward this particular broker as their platform of choice. The company also provides a variety of creative trading platforms, such as the cutting-edge auto trader “Binary Bot” tool, in addition to offering interaction with MetaTrader versions MT4 and MT5.

Traders are able to program their own trading robots or automated trading systems using the Binary bot. additionally, the company offers integration that goes much beyond what other companies may offer.

Retail investors are now able to access capabilities that were previously only available to institutional traders through signal services or auto trading advisory services, thanks to the bot.

Both the tick trade strategy and the tick trade platform are exclusive to Binary.com and have not been seen anywhere else. Tick trade strategy can only be executed through Binary.com. However, specific strategies require their own section, so individuals who are interested in reading up on existing systems can take a look at the sections that we have dedicated to strategy.

Consider the Conclusions

Pros

• An Enhanced Charting Instrument

• Free Trial Account

• Exciting New Business Partnerships

• Extensive Asset List

• Market Conditions That Are Open To Negotiation

• Reliable and Helpful Support Services

• An Increase in Profits

• A Protracted Background in Business Activity

• A User-Friendly Online Trading Platform

• Low Minimum Deposit Requirement

The fact of the matter is that I am convinced by the services that Binary.com provides for its customers. They made it simple to open a live account by requiring a small deposit of only $5 (or equivalent in other currencies) (depending on your currency of choice).

In addition, they have a really one-of-a-kind trading platform that is equipped with charting features that are on par with those seen on dedicated Meta Trader platforms (both mt4 and now mt5).

The fact that they have been in business for a very long time and are a subsidiary of a much larger organization gives me the confidence to engage in business with them. Take a look at Binary.com, for example, if you want a different kind of binary broker than what the business typically provides for customers to choose from.

FAQ

Does Binary.com allow traders from the United States?

No, Binary.com does not accept customers who are located in the United States at this time. You can find a list of brokers that are willing to work with traders from your region by going to the page that is dedicated to brokers.

Is it possible to trade on the Nasdaq through binary.com?

Yes. The Nasdaq is included in the “US Tech 100” category of the list of indices. 15 minutes is the smallest time limit within which transactions involving binary options can take place. Additionally, CFD trading can be conducted through the MT5 platform.

Is there a mobile app I can download?

Yes. The ‘Tick Trade’ android app enables mobile trading, which is available to users. The mobile version of SmartTrader is also available.

Is MT4 available on Binary.com?

Yes. Integration with MetaTrader is available through Binary.com. In order for traders to have access to the MT4 and MT5 platforms, they will need to open a specific type of account.

Is it acceptable to hedge?

Yes. Depending on where you are located, Binary.com offers both CFD trading and binary options trading. Both may be utilized in order to hedge other types of deals. Naturally, the returns on the various sorts of investments are not the same, which is why, if you want to hedge your bets, you need to make sure you are familiar with the possible returns on each deal.

Is it safe to trade with Binary.com, which claims to be regulated?

Yes. Since 1999, Binary.com has been operating as an online business. That company’s success in the financial sector for such a long period of time is evidence of the high contentment of its clients. They are also subject to the regulation and licensing of:

• VFSC (Vanuatu)

• FSC (British Virgin Islands)

• IBFC (Malaysia) (Malaysia)

What is the lowest amount that must be deposited into an account before it may be opened?

Binary.com requires a minimum investment of $5 in order to initiate the opening of a trading account. You must begin by establishing a standard account, after which you can apply for higher-level accounts such as advanced and MT5 levels. This does not require any further deposits.

How long does it take for withdrawal requests to be handled at Binary.com?

One business day is the normal amount of time required to complete the withdrawal request processing procedure. However, it could take up to five business days for the money to show up in your bank account once they have been sent.

What kind of trading platform does Binary.com provide its customers with?

Binary.com makes use of the MetaTrader 5 trading platform in addition to a number of other proprietary platforms, which include mobile apps.

What kinds of trading tools am I able to utilize on Binary.com?

At Binary.com, you have the choice to trade CFDs or binary options when participating in market activity.

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