Binary.com Guide – Read our In-Depth Binary.com Review
This Binary.com review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Binary.com review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all the concepts of broker since you continue trading. For starters, you have to select the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program will generate hefty returns. Binary.com is one such platform that will take you and your investment to great heights. It is important to understand about Binary.com before you trust them with your cash.
Our entire Binary.com Review covers all you need to know about trading using Binary.com. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
Binary.com is a broker that has found its way successfully into the broker world. Within this review, we have attempted to collate a number of the important facets of Binary.com. This review can allow you to know whether Binary.com is a good match for your investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Binary.com Review, Table Of Contents
- Who are Binary.com?
- Benefits Of Trading With Binary.com
- Everything you should know about trading with Binary.com
- Is Binary.com Safe To Trade With?
- Pro's & Con's Of Trading With Binary.com?
- Compare Brokers Similar To Binary.com
- Regulation And Licencing In More Detail
- Binary.com Awards
- Minimum Deposit Required For A Live Account With Binary.com
- Binary.com Commission And Fees Explained
- Compare broker fees against Binary.com
- Binary.com Withdrawal Fees Explained
- Binary.com Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Binary.com?
- Alternatives To Binary.com
- Frequently Asked Questions About Binary.com
Who are Binary.com?
Binary.com is a forex broker headquartered in United States and provides a range of tools for online trading. Since its inception in 2014, Binary.com has emerged as a leading player in the industry of online brokerage. Binary.com includes an extremely competitive and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 7 years, Binary.com has grown into one of the leading online brokers.
After launching in 2014, their customer base has become as large as 10,000+ clients.
Binary.com is a favorite of many traders.. Our Binary.com review found that they're an excellent alternative for automated trading options. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading solutions are the heart at Binary.com.
Technology plays a significant role at Binary.com. Binary.com offers trading on MT4,iOS,MacBook,iPhone. Binary.com is fair, transparent, and also a well-regulated agent by the Unregulated. Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The trader resource section at Binary.com is quite enlightening for new dealers since it allows them to get a closer look in the financial markets. Binary.com caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that Binary.com is not right for you then at the bottom of this Binary.com review you wil find a lot of alternatives to Binary.com.
Everything you ought to know about trading using Binary.com
Binary.com is a lively platform that offers various techniques of trading. These instruments cover the monetary markets considerably. The Majority of the brokerage platforms provide fewer methods than Binary.com
If you want to exchange with Binary.com, you'll need a minimum deposit of $250. This deposit is mandatory if you want to start trading with Binary.com. This 2021 Binary.com review will direct you clearly about trading with them.
Binary.com is as versatile as another broker platform. Binary.com is excellent for traders that want a manageable variety of cheap services. The platforms provided by Binary.com are third party, white-label offerings. All traders may pick out of MT4,iOS,MacBook,iPhone.
Along with everything, Binary.com has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept available. The agents provide premium client service which rewards clients with advantages.
Many less reputable brokers try to pressurise consumers into larger funding for premium services. Binary.com, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
Binary.com accounts are available globally and provides excellent service wherever they have customers. There are a few countries where Binary.com accounts are not available. Traders in the following countries cannot open or use a Binary.com account:
Is Binary.com Safe To Trade With?
Established in 2006, Binary.com has been open for 7 years, they have a head office in United States.
Binary.com is regulated by Unregulated. These figures have rules that mandate that trading platforms have ploicies in place to keep investor's assets secured. This usually means that Binary.com users don't need to worry about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information also.
You can make use of a choice for Two Factor Authentications (2FA) with Binary.com for increased security. An SMS with the verification code will be sent to your phone. You will be required to input this code to log into your accounts.
Another concern with fiscal brokers is in respect to safety might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with customers on the platform.
Pro's & Con's Of Trading With Binary.com
Every online trading platform will have a few pros and cons Binary.com review would be complete without showing both sides. This Binary.com review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Binary.com is trusted by 10,000+ clients
- Binary.com doesn't charge inactivity fees
- Binary.com doesn't charge deposit fees
- Binary.com doesn't charge CFD fees
- Binary.com offer trading on MT4,iOS,MacBook,iPhone
- Binary.com offer 53 trading instruments
- Binary.com trades major forex pairs
- Binary.com offers trading on cryptocurrencies
- Binary.com can communicate in
- Binary.com does not offer Negative Balance Protection
- Binary.com does not offer Guaranteed Stop Loss
- Binary.com charge withdrawal fees
- Binary.com doesn't trade minor forex pairs
- Binary.com doesn't trade exotic forex pairs
Binary.com Review - Compare Brokers Similar To Binary.com
|Binary.com||eToro||C 7 Traders||Eightcap|
|Headquarters||United States||Cyprus, UK||Vanuatu||Australia|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Unregulated||Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||75% of retail investor accounts lose money when trading CFDs with this provider.||Your capital is at risk||Losses can exceed deposits|
Binary.com Review - Regulation And Licencing In More Detail
Binary.com is regulated by Unregulated.
Binary.com, as a business, has a strong collection of rules for ensuring honest trading onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Binary.com Review - Awards
- At the time of writing this Binary.com review, they had not received any awards.
Binary.com Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Binary.com is $250. This is a decent amount for people just starting out. It's possible to create more complex residue as you go along. However, make certain that you understand how to make the most of your cash before investing in larger amounts.
Binary.com Review - Commission And Fees Explained
Binary.com is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are people that are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, Binary.com does not charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by Binary.com are comparatively higher. Consequently, you're billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This Binary.com review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against Binary.com
|Binary.com||eToro||C 7 Traders||Eightcap|
Binary.com Review - Withdrawal Fees Explained
Binary.com charges a withdrawal fee if you make a bank transfer. Each time you move money into your bank account, these withdrawal fees become applicable.
Withdrawal of money is possible at any time from your Binary.com account. You can draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't necessarily need to have any cash in your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash will be sent to the card. Binary.com will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to withdraw in.
Binary.com Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with Binary.com. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for some time. The period considered inactive is decided by the agent.
The inactivity fee also differs from one agent to another and isn't generalized. If a traders account does not have a buying or selling trade, it is maintained by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions they had consented while registering.
Binary.com doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are implied by Binary.com, it's best that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is subjected to a lot of conditions and needs to be disclosed clearly by the agent beforehand.
Binary.com Review - Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this operation.
Binary.com doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Binary.com trading platform is simple. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit substantial sums.
Binary.com Review - Compare Broker Deposit Methods
|Binary.com||eToro||C 7 Traders||Eightcap|
What Can You trade With Binary.com?
Note: Binary.com provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different depending on the country of residence of the client.
Binary.com has a wide variety of over 53 instruments available for you to trade with.
If trading forex pairs is of interest to you then Binary.com offer over currency pairs.
Compare Binary.com, eToro, C 7 Traders & Eightcap below.
Alternatives To Binary.com
If, after studying this Binary.com review, Binary.com does not quite fulfill your needs check out these Binary.com alternatives.
We have scoured the web to find the best alternatives to Binary.com. Click the hyperlinks below to find out more.
Frequently Asked Questions about Binary.com
Can I try Binary.com before I buy?
Yes, you can most certainly try Binary.com before you buy. Binary.com offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on Binary.com, you may set out using a decent amount of virtual currency. It's to establish a sense of safety and confidence in you before you decide to invest your own money.
With this digital Binary.comdemo account, you are able to experiment in any way, to whatever length you wish. You can even open positions, test different trading approaches, and much more.
Binary.com specifies on its official site that you can exchange real time stocks with your demo account.
Is Binary.com safe?
You can drop all of your worries because we believe that Binary.com is perfectly safe to use. It is in compliance with all the principles of Unregulated.
Even so, Binary.com does not provide assured stop-loss protection.
Why does Binary.com ask for my passport?
The reason that Binary.com asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Binary.com has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Binary.com must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Binary.com?
The process to start trading withBinary.com is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Binary.com website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Binary.com is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Binary.com.
The best way to kickstart your trading career with Binary.com is to open a demo account facility before risking any real money
What funding methods do Binary.com accept?
There are a number of methods to finance your accounts with Binary.com. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal is not available in all country. The currencies Binary.com
Is my money safe with Binary.com?
Yes, your cash is safe and secure with Binary.com. As you know, Binary.com operates with proper conformation to. It's established lots of measures to protect all its own investors.
Binary.com safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification also. It takes an SMS affirmation for you to access your accounts.
Is Binary.com trading good?
Yes, trading through Binary.com is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge selection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Binary.com support?
Binary.com operates around the world. However, due to regulations there are some countries that Binary.com can't accept clients from
Is Binary.com legit?
Binary.com is a legit company headquarted in United States since 2014. They are regulated by Unregulated. Binary.com is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Binary.com a good broker?
Binary.com is a great broker, and its own users can vouch for it. The highlight of the platform is its fast order execution on transactions.
You will discover the clean layout of this platform along with the admirable features that a pleasure to work with.
Is Binary.com a trustworthy broker?
Yes, Binary.com is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Binary.com?
The minimum deposit to open a live account with Binary.com is $250
How long do Binary.com withdrawals take?
Normally, withdrawal of money from Binary.com is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Binary.com to show in your bank account.
Are Binary.com regulated?
Binary.com are regulated by Unregulated
Is Binary.com a market leading broker?
Binary.com is currently one of the industry leaders. It supports over 10,000+ registered users and over 7 years of expertise on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide range of resources plus tools so you may invest in capital markets.
Is Binary.com a con?
No, Binary.com is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Binary.com is not a scam.
Can you make money with Binary.com?
Through Binary.com, many traders make a great deal of cash. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem to be a small number, but within the entire year, this adds to a substantial amount of gains. While Binary.com provide you all the tools to earn money, they cannot guarantee you will gain.
Does Binary.com have fees?
Yes. To start trading using Binary.com, you need to deposit $250. Particular commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was Binary.com founded?
Binary.com was founded in 2014 in United States. Binary.com is regulated by Unregulated.
How many people use Binary.com?
Binary.com is a globally recognised broker with 10,000+ customers.
Where is the Binary.com head office?
Binary.com has its head office in United States
Does Binary.com offer negative balance protection?
No. Binary.com doesn't provide negative balance protection. If your balance is unfavorable, Binary.com suggests you contact customer services. For this, you are able to correct any imbalances in your own account.
Does Binary.com offer guaranteed stop loss?Binary.com regrettably, does not provide guaranteed stop loss. Binary.com gives a chance for its dealers to close their trade in their given price. Apart from that, Binary.com does not offer guaranteed stop loss.
Does Binary.com allow scalping?Yes, Binary.com do permit scalping. Several traders across the world choose Binary.com for their scalping services. They offer trading on MT4,iOS,MacBook,iPhone which let this.
Does Binary.com allow hedging?
Yes, Binary.com does allow hedging.
Can you trade energies with Binary.com?
No, unfortunately you cannot trade energy stock with Binary.com
Can you trade agricultural shares with Binary.com?
No, unfortunately you cannot trade agricultural stock with Binary.com
Can you trade cryptocurrency with Binary.com?
Yes, you can trade cryptocurrency with Binary.com
Can you trade metals with Binary.com?
No, unfortunately you cannot trade metals with Binary.com
Can you trade UK Shares with Binary.com?
Yes, you can trade UK shares with Binary.com
Can you trade US Shares with Binary.com?
No, unfortunately you cannot trade US shares with Binary.com
Can you trade Japanese Shares with Binary.com?
No, unfortunately you cannot trade Japanese shares with Binary.com
Can you trade German Shares with Binary.com?
Yes, you can trade German shares with Binary.com
Does Binary.com accept bank transfers?
No, Binary.com does not accept bank transfers.
Does Binary.com accept credit cards?
No, Binary.com does not accept credit cards.
Does Binary.com accept PayPal?
No, Binary.com does not accept PayPal.
Does Binary.com accept Skrill?
No, Binary.com does not accept Skrill.
Does Binary.com accept Payoneer?
No, Binary.com does not accept Payoneer.
Does Binary.com accept Neteller?
No, Binary.com does not accept Neteller.
Does Binary.com offer Live Chat customer support?
No, Binary.com does not offer customer support through live chat.
Does Binary.com offer phone customer support?
No, Binary.com does not offer customer support over the telephone.
Does Binary.com offer email customer support?
No, Binary.com does not offer customer support through email.
What languages can Binary.com communicate in?
Binary.com has the ability to communicate and support customers who speak:
Does Binary.com have a wikipedia page?
No, Binary.com does not have an official wikipedia page.
Does Binary.com offer demo accounts?
Yes, Binary.com offers demo accounts so you can learn their systems before risking any real money.