BINARYCENT REVIEW: IS IT WORTH IT?

BINARYCENT REVIEW: IS IT WORTH IT? title=
2.5/5
Open account
Cent Project Ltd.
Min. deposit
$250
Website address
Demo account
Yes
Currency
USD
Supported languages
EngRus
Active
Yes
Payment Methods
Bitcoin PaymentsCredit CardDebit CardEthereum PaymentsMastercardNetellerPerfect MoneyPOLiSkrillVisaWebMoneyWire Transfer
Bonus
20% to 200% deposit bonus
Instruments
binary optionsCFDCryptoForexOptionsStocks
Min. trade price
¢0.01
Regulated By
VFSC
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android
Margin Trading
Yes
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
Yes
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
No
Social Trading
Yes
Copy Trading
Yes
Trade Signals
No
Islamic Account
No
Guaranteed Stop Loss
Yes
Stock Exchanges
FTSE UK IndexNasdaq
Commodities
GoldOilSilver
Forex Trading
You can trade forex on BinaryCent with leverage up to 1:500
Forex GBPUSD Spread
Floating
Forex EURUSD Spread
Floating
Forex EURGBP Spread
Floating
Forex Assets
25+
Crypto Spread
N/A
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BTC, DSH, EOS, ETC, ETH, IOT, LTC, OMG, SAN, XMR, XRP, ZEC
Binary Options
BinaryCent offers welcome deposit bonuses and high payouts up to 95%. Traders can get started with a straightforward joining form.
Expiry Times
5 seconds - 30 days
Ladder Options
No
Boundary Options
Yes
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.5,
according to 83 reviews

4.5 Stars
Norik
Norik
stars
at
After havin other platform,it has been recommended to try Binarycent. Compare to the other it has rollovers and is easy to trade binary options. Their support is fast. Excellent trading platform, very good bonuses, quick withdrawal. Highly recommended.

View all

Michal Martak
Michal Martak
stars
sk
Have been actively trading for a couple of months now, The User Interface is simple and stable and coressponding to the official charts. Made 2 withdrawals so far and they were very swift. Overall, happy with the experience so far.

View all

UGOKI
UGOKI
stars
sk
I was really scared when after 4 months of trading they started having bad reviews. But i withdrew several times with no issues. + live chats for everybody + u can use rollover + fast support (mails) - slow withdraws on btc - unloging like every 15 minutes (on mobile more freq.) Overall nice experience and great service.

View all

Paula Laima
Paula Laima
stars
lv
Good platform , I like that they give bonuses and different promo codes sometimes. Support verified me fast enough for withdrawal , so for now I am fully satisfied

View all

Mr. Angus Levie
Mr. Angus Levie
stars
ie
As a professional binary option trader who trades daily and also teaches and mentors others in trading binary options I have tried many different brokers. We have been using Binarycent for over 6 months now and I am delighted with them. They offer fast execution of trades with rare rejections, excellent returns of 60-90% on a winning trade. Accounts can be activated simply and easily via card or bitcoin. Their bonus scheme is fair and not onerous like most other brokers. Withdrawals are quick and simple, funds are usually in my account within hours or at most the next day. So far neither I or any of my clients have had issues that would stop me from recommending them.

View all

Nikola Gurzinsky
Nikola Gurzinsky
stars
gb
Despite some negative comments you might find on the internet I would say it is one of the best brokers I have ever used, so I decided to leave this 5 star review here. And btw support service is amazing, thank you guys

View all

Content

The list of online brokers keeps increasing by the day. If you are wondering whether you should bother investing with them or not, I have great news for you. This review will help you make your decision. I am sure you won’t be disappointed.

BINARYCENT REVIEW: IS IT WORTH IT?

Now, let’s begin by discussing how Binarycent is different from other brokers surfacing online.

HOW DOES BINARYCENT STAND OUT?

These are the prominent stand-out points of Binarycent:

Beginner-friendly – Binarycent has a straightforward user interface, making it perfect for beginners.

Mobile trading – traders have the option of keeping tabs on their trades and investments using Binarycent’s mobile trading facility.

Multiple accounts – there is an option for three different types of accounts. Users can pick and choose the best type that suits their needs.

Bonuses – Binarycent also gives its users bonuses.

No downloading is required – you can use the platform by clicking its link. There is no need to go through a downloading and installation process.

Multiple assets – Binarycent allows users to trade with various assets, including crypto, commodities, forex, stocks, and indices.

Low minimum trade – Binarycent has the lowest minimum trade amount in the industry: 10 cents only!

Hassle-free registration – the platform does not only offer a hassle-free registration process, but it is also effortless to use and anything but intimidating (unlike some other brokers).

I hope this gave you some insight into the unique qualities of Binarycent. Now, let’s move on to what Binarycent is before going through how it works.

WHAT IS BINARYCENT?

WHAT IS BINARYCENT?

First, let’s start with an introduction to this broker. BInarycent has been around for quite some time now. So, we can say it’s not a new kid on the block. Let’s find out a bit more!

Binarycent is another platform focusing on binary options, forex, and CFDs (Contract for Differences). It is also regulated by the Ajeltake Island, Majuro, Marshall Islands MH96960 with the Wave Makers LTD. It was founded in 2015 and is an excellent platform for beginners.

The cool part is that it won the Best Broker award in the same year, according to the Fair Binary Options. The best part is that Binarycent allows users from all over the world except the USA.

Binarycent homepage

Binarycent homepage

There are also users from Spain, Portugal, South Africa, Greece, Ghana, and Nigeria. Talk about diversity; am I right?

HOW DOES BINARYCENT WORK?

Binarycent is convenient, with a straightforward interface. You do not need to install the application on your computer. But how does the broker work? Let’s go through this in detail: The broker is accessible from the Web. Binarycent offers a variety of assets. We will go through each of these one by one.

Forex

  • EUR/USD
  • EUR/CAD
  • USD/JPY
  • AUD/CAD
  • EUR/JPY and more.

Stocks

  • Apple
  • Alibaba
  • Tesla
  • Citigroup
  • Microsoft
  • McDonald’s
  • AIG
  • PayPal
  • IBM
  • Coca-Cola
  • Twitter and others.

Commodities

  • Gold
  • Silver
  • Crude Oil

Cryptos

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Dash
  • Litecoin and others.

Besides these, market indices and binary options are also included.

HOW DOES THE BINARYCENT PLATFORM WORK?

Binarycent offers trading through its native platform. It has a convenient and simple platform. You can use the Web on your PC, mobile, or tablet to open the application. Let’s talk a bit more about the trading platform:

The platform includes a large screen with a chart illustrating the ongoing market trades. You can view candlestick patterns or a tick/line pattern, depending on your preference. The platform enables intraday trades and long-term trades.

Binarycent trading platform

Binarycent trading platform

Intraday trading has an expiration time between one and twenty-four hours. Conversely, long-term trading can expire anywhere from one day to thirty days. You should note that all three accounts have their demo versions so the user can taste what is to come. Isn’t that great?

It is available on both iOS and Android. Even the mobile version has all the functions and components of the web-based version, giving you the same professional trading experience on your mobile. The flexibility given to users when choosing their preferred medium for trading is truly commendable!

WHAT TRADING INDICATORS ARE AVAILABLE?

Binarycent has several different technical indicators which help users track their trades and movements in the market to their advantage. The technical indicators that are available on Binarycent are:

  • Bollinger Bands
  • Alligator RSI
  • Moving average convergence divergence (MACD)
  • Moving Averages (MA)
  • Stochastic Oscillator
  • Relative Strength Index (RSI)
  • Ichimoku Cloud and more.
Further reading

WHAT ARE BINARYCENT’S TRADING ACCOUNTS?

WHAT ARE BINARYCENT’S TRADING ACCOUNTS?

Like every other platform, Binarycent also offers different trading accounts. There are three in total. But they have some conditions that may suit you. Let’s keep digging and examine them in detail.

WHAT ARE BINARYCENT’S TRADING ACCOUNTS?

Every account has unique features that help you ace your trading as long as you understand the benefits they offer. So, these three accounts are bronze, silver, and gold. These are briefly described as follows:

1. Bronze account

The bronze account requires a minimum deposit of $250. Here, the user has 24/7 customer support via video chat. The user can receive bonuses of up to 20%. Withdrawals take up to 1 hour in the bronze account.

2. Silver account

This is the most common type of account. Its minimum initial deposit amount is set at $1,000, and a bonus of 50%.

Withdrawal takes up to 1 hour, but traders must complete a certain number of trades (typically forty) before signing up for a withdrawal. It also includes a 24/7 video support option, with the addition of an online master class on trading, an accounts manager, and three risk-free trades.

3. Gold account

This account requires a $3,000 initial deposit and allows a bonus of 100%! Like the silver account, you must make some trades before applying for withdrawal (which also takes about an hour). It has the same benefits as a silver account and a personal success manager for its holders.

DOES BINARYCENT OFFER A DEMO ACCOUNT?

We learned about other accounts. Let’s get to know about the demo account. The question is, does Binarycent offer a demo account? What follows is all you need to know.

You can get many perks using a demo account. The first benefit is that you can use it without any of your own money. Well, it is a demo account, that’s why. So, you can check this platform and test strategies without investing.

Since it’s a demo account, it offers you virtual cash of $10,000. How do you activate it, you’re probably asking? You can ask customer service to make it available.

But if you don’t use it after activation, does it expire after some time? Well, yeah! It expires after 30 days if unused.

Further reading

HOW SAFE IS BINARYCENT?

HOW SAFE IS BINARYCENT?

Is it true that all binary options platforms are frauds? Should you give it a shot? Before you start trading binary options, these are questions you should ask. et’s see how safe Binarycent is.

Binarycent is a reputable binary options broker which offers a lot of benefits. The broker has been licensed by VFSC and has been around since 2015.

WHERE IS BINARYCENT LOCATED?

It is critical to know the location of the broker. It adds an extra layer of safety. Want to know about Binarycent?

Let’s start exploring. Binarycent has its location in the Marshall Islands.

WHO OWNS BINARYCENT?

Some entity always owns a broker. A firm also owns Binarycent. Want to know something more about Binarycent?

Let’s start exploring. Finance Group Corp., located in Vanuatu, owns the firm.

Further reading

HOW TO DEPOSIT FUNDS IN A BINARYCENT ACCOUNT

HOW TO DEPOSIT FUNDS IN A BINARYCENT ACCOUNT

Binarycent offers a variety of depositing options. The procedure isn’t complicated in any way. I’ll let you know different ways to deposit funds at Binarycent. Let’s get started.

HOW TO DEPOSIT FUNDS IN A BINARYCENT ACCOUNT

Depositing money on this site is quite easy. The deposit methods are:

  • Wire transfers
  • Bitcoin
  • Alternative coins
  • Monero
  • MasterCard/Visa/Maestro/JCB
  • Ethereum
  • Neteller
  • Primecoin
  • Zcash
  • ReddCoin
  • QiWi
  • WebMoney

The minimum deposit amount is $20, and the maximum is $100,000.

HOW TO WITHDRAW FUNDS FROM A BINARYCENT ACCOUNT

Withdrawing funds is somewhat the same as depositing.bYeah, no kidding! Let’s inform you of the basics of fund withdrawal. So let’s begin. Withdrawal methods at Binarycent are the same as for deposits.

The broker says that all withdrawals are processed within one hour. It is much quicker than the majority of trading platforms. A quick side note is that withdrawal requests at weekends can take time to process.

Binarycent deposit and withdrawals

Binarycent deposit and withdrawals

Further reading

DOES BINARYCENT OFFER PROMO CODES?

DOES BINARYCENT OFFER PROMO CODES?

Promotional codes are one of the essential marketing strategies. Different brokers use these codes to encourage purchases. It helps them to increase their platform’s overall user engagement. Let’s see what this broker has to offer!

Binarycent offers its traders a way to profit using promos.  The broker provides risk-free trading promotional codes to the elite account holders, i.e., the gold and silver holders.

Different contests regarding trade and other loss-free trading opportunities are also provided to traders. These risk- and loss-free trading promos are only offered to gold account holders.

DOES BINARYCENT OFFER BONUSES?

DOES BINARYCENT OFFER BONUSES?

Many forex brokers provide traders with various bonuses, including promotional services.bBinarycent also provides its traders with several bonus opportunities. It is impressive. Below I have discussed the various kinds of bonuses provided by Binarycent.

Binarycent offers bonuses to traders on their very first deposit.  A trader can increase their assets and make profitable trades using bonuses from Binarycent. Bonuses are offered on three different levels. The initial one is 20% for a bronze account holder.

The second one is 50% for a silver account holder and 100% for a gold account holder. However, there are some conditions and requirements. After those requirements are fulfilled, the trader can make their first withdrawal.

According to the official website, a trader needs to achieve a total of three times turnover to qualify for any profit-based bonus. Turnover is “the additive sum of the trading orders the trader does, excluding the canceled trading orders.”

Further reading

Does Binarycent charge taxes on profits?

Does Binarycent charge taxes on profits?

Most brokers don’t charge taxes on profits. It depends on the jurisdiction of the trader. So does Binarycent charge taxes on profits? Let’s discuss it in detail!

Binarycent does not charge traders any tax on their earned profits. The website states that there is no tax policy applicable to any profits, whether they are small or on a large scale. However, as a trader, your responsibility is to pay taxes as defined by your jurisdiction.

Further reading
FAQs

FAQs

1. Is Binarycent a trustworthy broker?

Finance Group Corp. runs Binarycent and owns several online trading platforms. Binarycent is considered very reliable among its users.

2. Can I use Binarycent in day trading?

Binarycent is quite popular among its users for day trading due to various factors. Binarycent allows you to trade in multiple asset classes such as commodities, cryptocurrency, forex, and more. Binarycent can trade binary options in as little as 60 seconds. Moreover, the broker allows you to trade with as little as $0.10 per trade, empowering you to spread your money across various market sectors.

3. How do I sign up for a Binarycent account?

To sign up, click on ‘Open Account‘ and enter the details required. Make sure to enter the correct information and double-check it before submitting it.

4. Can I trade using Binarycent from the US?

Unfortunately, US regulations don’t allow brokers to use platforms outside the US.

5. Does Binarycent allow copy trading?

The platform provides copy trading for new and unseasoned professionals to trade automatically.

FINAL THOUGHTS

There you have it! Binarycent is an excellent choice as a trading platform, particularly for a beginner. The demo version gives a good taste of what Binarycent offers. Besides, with the three types of accounts, I am sure you will find the perfect one for you!

After reading this extensive review, I am sure you have an idea about Binarycent. And it has made you decide whether you should join it or not.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading
General Risk Warning: Your capital might be at risk