Binary Options Broker | |
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Official website | |
Social network | |
Date of foundation | 1970 |
Head Office | W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta |
Company owner | Binary Investments (Europe) Ltd |
Types of support | Tickets in my personal cabinetHelp CenterTelegram |
Phone Support | |
Languages | Russian, English, French, Spanish, Italian, Portuguese, Polish, Etc. |
Terminals | Deriv, Smart Trader, Tick Trade, MetaTrader 5, WebTrader, TradingView, Author's platform |
Min. first deposit | From 5 USD |
Min. rate | From 1 USD |
Brokerage commission | Yes |
Payments | Until 100 % |
Free demo account | |
Types of options | High/Low, Touching, Asian, Digital, Lookback, Resert, Run, Highest/lowest tick rate, Inside/outside |
Adjustable | Yes |
Regulators | MFSA№ IS/70156 VFCS№ 25299 BC 2019 VFSC FSC Labuan FSAMB/18/0024 |
Types of accounts | Demo, Real Account, MT5 Financial, MT5 Volatility Indices |
Methods of replenishment | FasaPay, Moneta.ru, Neteller, OKPAY, Qiwi, Skrill, Webmoney, Wire transfer, Cryptocurrencies, Bank card (Visa/MC), Yumoney |
Withdrawal methods | FasaPay, Moneta.ru, Neteller, OKPAY, Qiwi, Skrill, Webmoney, Wire transfer, Cryptocurrencies, Bank card (Visa/MC), Yumoney |
Number of assets | 100+ |
Types of assets | Binary options Currency pairs Stocks Indexes Products Cryptocurrency |
Account Currencies | EUR, USD, AUD, GBP |
Expiration | From 10 seconds to 365 days |
Mobile apps | |
Weekend trading | No |
Tournaments/competitions | No |
Trader training | Webinars, academy, trader's guide |
Affiliate Program | Registration2 types of affiliate program |
Advantages | Large selection of platforms Lots of options to choose from Withdraw to any payment system Affiliate Program Quality technical support |
Disadvantages | Long withdrawal of earnings Technical failures |
Company requisites | Legal name: Binary Investments (Europe) Ltd. Legal address: W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta |
Date of update | April 19, 2023 |
Overall assessment | 9.1/10 |
Binary.com is this a scam? Review and Reviews
The Binary broker (formerly known as BetOnMarkets.com) started its work in the binary options market in 1999, and it is one of the leading brokers today. Over the years, with the release of a large number of trading tools designed to simplify and reduce the risks of the highly volatile field of binary options, the company Binary is not lost among the huge number of brokers; moreover, it is one of the leading brokers to date, with a large number of active (more than 1,000,000) users.
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
Binary platform
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
Binary bonuses
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
Summary
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website revieweek.com, and we are sure this broker is a great choice for traders anywhere in the world.
Reviews
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Feedback approved for publication Rate your review 000wow
i will always do my best to let the world know about this recovery company after i tested of their goodwill binary option victim Education at consultant dotcm is the best i can recommend to any of us here that got stuck in an online investment scam
Positive- i got my funds back
Minuses- im happy
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Feedback approved for publication Rate your review 000I WAS ABLE TO GET MY FUNDS
It’s quite unfortunate that too many people have fallen victim to the vast array of online frauds, resulting in large losses, some accountable to life – changing consequences. I have been a victim of fraud of about $80,000.00 by two binary platform films, Ingoinvest binary option and I was totally devastated… Read more
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Feedback approved for publication Rate your review 000And my money has evaporated from my...
And my money has evaporated from my balance, tech support does not respond. No money. I was once advised Poket, so there money even without verification output. I will leave who is interested
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Rate your review 0+20One of the best platforms I've ever...
One of the best platforms I’ve ever worked with, I’m not a bot and not an admin, you need a responsible approach to business, and the broker is not one year old, which shows credibility.
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Rate your review 0+10For a long time I wanted to...
For a long time I wanted to do something interesting, on the Internet I came across the site www.grbit.com, I entered it, read it and decided to leave a request to call back and talk in detail about this area. My brokerage company is not interested in these products, I decided to leave an application… Read more
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Rate your review 0-10
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Rate your review 000Why can't I leave a review?
Why can’t I leave a review?
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Rate your review 0-20
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Rate your review 0+10
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Rate your review 000
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Rate your review 0+10This is a complete scam, at first...
This is a complete scam, at first they make up to $200 in easy money, then they completely lose money (everyone has it differently). In short intervals they manage to adjust the schedule in their side, as it turned out they have full control of the client’s schedule management. The secret of fraud was… Read more
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Rate your review 000I can not say anything bad about...
I can not say anything bad about deals on the platform digital option, the interest is high, and payouts do not make you wait, there is no problem with it
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Rate your review 000Expertoption is licensed by the VFSC, which...
Expertoption is licensed by the VFSC, which indicates its reliability
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Rate your review 000I easily took the free training on...
I easily took the free training on expertoption, as I was not very knowledgeable in this type of earning. And now I’m only in the black.
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Rate your review 000The profit from Digital option Expert is...
The profit from Digital option Expert is really good and I am glad I chose this broker.
I worked with different brokers, there is a lot to compare.
To be honest, it is a good broker. -
Rate your review 000Online consultant did not respond within 6...
Online consultant did not respond within 6 days
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Rate your review 000I'm writing for binary traders and those...
I’m writing for binary traders and those who don’t know about withdrawal and trading on binary com…
Trading there is very easy and simple, but with the withdrawal there a big problem…
They allow only 40 bucks for one account to withdraw… if you have WebMoney, Kiwi accounts and a card
then no matter… Read more -
Rate your review 0-10The algorithm is built so that on...
The algorithm is built so that on a short expiration time you are not allowed to earn at all.
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Rate your review 000I have been working with expertoption.com binary...
I have been working with expertoption.com binary option for 8 months now! Everything is going very well, trades are more and more in the plus, which cannot fail to please, consequently, payouts are also pleasing
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Rate your review 0-10This broker is not someone one wants...
This broker is not someone one wants to work with! You will lose money 100%. You should think very carefully before you register! The reasons: the company has cool IT-specialists and plum plug-ins.
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Rate your review 000Not the same broker anymore. They cheat...
Not the same broker anymore. They cheat with quotations not only on indices, but also on currencies. There is no point in writing to the regulator, especially in Russia they only give the contacts of the administration to solve problems. They do not give them any money, but they do not give them the… Read more
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Rate your review 000Not bad! Here's a real one too!
Not bad! Here’s a real one too! The first Binary Options indicator to pass the test, 7SevenElevenPro Updated 2017!
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Rate your review 000They hang out the quotes ...there are...
They hang out the quotes …there are facts and proofs …
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Rate your review 0+10I don't have much time for manual...
I don’t have much time for manual trading! So I have to trade on robots! There are videos on YouTube
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Rate your review 0+10I am satisfied with this broker. Withdrawal...
I am satisfied with this broker. Withdrawal of funds without problems. And this is the main indicator of reliability. Ugh, ugh, so as not to jinx it.
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Rate your review 000Unfortunately, recently there have been serious problems...
Unfortunately, recently there have been serious problems with the withdrawal of funds to the payment system Webmani and Perfect Money. They withdraw small change and not always. They send a few hundred dollars to bank transfers. This does not take into account the interests of many traders, such as those… Read more
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Binary.com reviews