1.5/5
Available in null
About Broker
Binary Cent broker, established in 2016, is a versatile forex broker known for its high leverage, low minimum trade size, and multiple trading accounts.
Languages

Advantages
Offers different account types
Offers multiple bonuses and promotions
Has copy trading and negative balance protection
Has a quick registration procedure
Provides multiple funding options
Offers an extensive range of trading instruments
Disadvantages
Has no regulation compared to other brokers
Provides limited educational resources
Has high deposit amounts for some accounts
Doesn’t offer advanced trading platforms
About Broker
Binary Cent broker, established in 2016, is a versatile forex broker known for its high leverage, low minimum trade size, and multiple trading accounts.
Languages

Advantages
Offers different account types
Offers multiple bonuses and promotions
Has copy trading and negative balance protection
Has a quick registration procedure
Provides multiple funding options
Offers an extensive range of trading instruments
Disadvantages
Has no regulation compared to other brokers
Provides limited educational resources
Has high deposit amounts for some accounts
Doesn’t offer advanced trading platforms
Available in 195 countries
* General Risk Warning: Your capital might be at risk
*The amount that will be credited to the account in the case of a successful deal
Tobi Opeyemi Amure
Author and Expert at Trading.biz
Binary Cent broker, established in 2016, is a versatile forex broker known for its high leverage, low minimum trade size, and multiple trading accounts. Thus, it is highly accessible for both beginner and seasoned traders.
Binary Cent holds a Trading.Biz evaluation score of 3.6, reflecting a thorough review across multiple features. This detailed evaluation ensures that you, as a probable trader, have all the essential information to make an informed decision.
While this broker has a couple of perks, it also has some major drawbacks that users should be aware of. So, come along and join me for this review.
| Factors | Average Score: 3.6 |
| User satisfaction | 5/10 |
| Regulation | 1/10 |
| Educational content | 3/10 |
| Webinars | 2/10 |
| Spreads and commissions | 5/10 |
| Customer support | 6/10 |

This is the verified office address of Binary Cent:
Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960.
There are claims from other broker reviews that Binary Cent is regulated by the VFSC, which is an offshore regulatory entity based in Vanuatu. However, when I contacted support via compliance@binarycent.com, I got no response and found no information about its regulation on the official website.

Binary Cent segregates client funds from the company’s operational funds to prevent financial mishaps. It also uses Secure Socket Layer (SSL) encryption to safeguard users’ private data from unauthorized access during online transactions.
In addition, Binary Cent offers negative balance protection, ensuring that clients cannot lose more than their deposited funds. Lastly, Binary Cent enforces Know Your Customer (KYC) policies to verify customers’ identities.
Here, the reviewer praised the copy trading feature but called the trading platform a “downside.” He complained about the movement of the candlestick, calling it “laggy,” which made him hesitate to use it.

While this review noted that “Binary Cent empowers traders to capitalize on market opportunities and achieve their financial goals,” it also spoke against its lack of credible regulation.

Binary Cent strongly upholds security measures to protect its client’s interests, including segregated accounts, SSL encryption, and negative balance protection. It also offers passive income opportunities via referral programs and copytrading.
I found its different trading accounts a welcome development, as it caters to traders’ individual preferences. However, I was unsatisfied with its lack of regulation and the limitations of its trading platform. Compared to other brokers, Binary Cent leaves much to be desired.

Signing up for Binary Cent is a straightforward process. Here’s how I did it:
Create a Binary Cent account to try out the world of referrals.

The Binary Cent dashboard has a bright background that is comprised of different colors for each icon. This makes it easy to navigate and understand when browsing through. These are the features you should see:
Here are the deposit and withdrawal options that Binary Cent makes use of:

Binary Cent accommodates different types of traders by offering multiple account types with their respective features. Deposits can be made through your account dashboard via the “Add funds” option. There are instructions on how to select your preferred payment method. These methods include:
Each method has varying details, but the most viable option is via credit/debit cards.

Withdrawals on Binary Cent require traders first to turn over their deposit amount through trading. If these conditions are not followed, early withdrawals may incur a 20% fee. The processing speed of withdrawals is within the hour, and the fees depend on the payment method.
The following are the withdrawal methods for Binary Cent:
As seen above, most methods offer quick processing time, so choosing the most viable option depends on preference.

Binary Cent offers diverse trading conditions that different categories of traders may appreciate. They are
Binary Cent provides different accounts to accommodate users’ varying trading preferences, strategies, skill levels, and risk tolerance.

Before I could begin trading on Binary Cent, I had to complete the following steps:

These are tools that helped me make more informed decisions when I traded on Binary Cent:
With charts and indicators, you can analyze price patterns, data, and trends to gain quantitative information and predict the price movements of financial assets.

This feature provides the latest updates in the financial ecosystem, which could impact your trading.

Binary Cent offers two ways for clients to increase their earnings: Copy trading and Turbosavings.
Binary Cent’s auto-copy feature enables traders to copy the trades of successful traders in real time while maintaining control over their accounts. It works in a sequence.
Its dashboard lists the top 10 traders over the past 30 days for easy access. Then, you can choose your desired trader, enter your preferred trade size, and click ‘copy.’
Turbosavings is a feature that provides a high and secure interest rate based on your investment. This could encourage you to deposit and save a larger sum of funds.
It offers up to 128% APY, daily payouts, and instant withdrawals, basically helping you increase your earning potential while increasing your savings.


Binary Cent offers an affiliate program via the ‘Invite a friend’ option. To qualify for this, register, and then you will be provided with a referral link. As the name suggests, you can invite others to join the broker by sharing your referral link.
You then get to earn a 20% reward from the deposits your friends bring to the table. It is a lucrative opportunity for both parties. Furthermore, this option provides easily accessible performance metrics like total referrals, referral balance, and rewards.
Create a Binary Cent account to sign up for the affiliate program.
Trading on Binary Cent gave me mixed feelings overall. First off, it is an easy broker to register on, with some passive income sources and different accounts to choose from, depending on your preferences.
Then, it has several security measures that safeguard your funds, trading tools to improve your experience, and various trading instruments for diversifying your portfolio.
However, its trading platforms leave much to be desired, with the obvious absence of the advanced Meta Trader 4 (MT4) or Meta Trader 5 (MT5). It also lacks sufficient educational resources, and its lack of regulation doesn’t inspire confidence.
To that end, I don’t think its overall features compare favorably to those of other trading brokers. Thus, if you still choose to trade on this broker, be wary of its downsides.
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