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're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program will create hefty returns. Binary.com is just one such platform which will take you along with your investment into great heights. It's crucial to know all 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 provide you favorable profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
Binary.com is a broker which has forged its way successfully to the brokerage world. Within this review, we've tried to collate a number of the vital aspects of Binary.com. This review will allow you to understand whether Binary.com is a good match for your investments or not. We have tried to breakdown all of the features and fees for your advantage.
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 foreign exchange broker headquartered in United States and provides a variety of instruments for online trading. Since its establishment in 2014, Binary.com has emerged as a leading player in the industry of online broker. Binary.com includes a highly aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 7 years, Binary.com has grown into one of the leading online brokers.
After establishing in 2014, their consumer base is becoming as big as 10,000+ clients.
Binary.com is the favorite for many dealers.. Our Binary.com review discovered that they're an excellent alternative for automated trading solutions. It is best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the core at Binary.com.
Technology plays a significant role at Binary.com. Binary.com features trading on MT4,iOS,MacBook,iPhone. Binary.com is honest, transparent, and a well-regulated agent by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The educational section at Binary.com is very enlightening for new dealers since it permits them to have a closer look in the financial markets. Binary.com caters to all sorts of traders and are a must-have broker for almost any well-diversified method of 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 should know about trading using Binary.com
Binary.com is a dynamic platform that provides various techniques of trading. These tools cover the monetary markets considerably. Most of the broker platforms provide fewer methods than Binary.com
If you would like to exchange with Binary.com, you will need a minimum deposit of $250. This deposit is required if you wish to start trading using Binary.com. This 2021 Binary.com review will direct you safely about trading with them.
Binary.com is as versatile as any other brokerage platform. Binary.com is great for traders that want a manageable range of cheap services. The programs supplied by Binary.com are third party, white-label offerings. All traders can choose out of MT4,iOS,MacBook,iPhone.
Along with everything, Binary.com has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept open. The brokers provide premium client service which rewards clients with benefits.
Many less reputable brokers attempt to pressurise consumers into bigger funding for superior services. Binary.com, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will come along.
Binary.com accounts are available all over the world and provides excellent service wherever they have clients. There are only a select 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?
Launched in 2014, Binary.com has been in operation for 7 years, they have a head office in United States.
Binary.com is regulated by Unregulated. These bodies have rules that make sure that trading platforms have measures in place to keep investor's resources procured. This usually means that Binary.com users do not need to be worried about their money as it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with Binary.com for increased safety. An SMS with the confirmation code will be sent to your mobile phone. You'll be required to enter this code to log into your accounts.
Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more widespread in the example of Market Maker agents who compete with customers on the stage.
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
|Headquarters||United States||Australia||United States||Cyprus|
|Regulated By||Unregulated||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Binary.com Review - Regulation And Licencing In More Detail
Binary.com is regulated by Unregulated.
Binary.com, as a company, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
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 that you need to begin on Binary.com is $250. This is a decent amount for those just starting out. You can make more complex deposits as you cooperate. However, ensure you know how to make the most of your cash before investing larger amounts.
Binary.com Review - Commission And Fees Explained
Binary.com is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are spending a spread, financing speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people who are billed when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, Binary.com doesn't charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees charged by Binary.com are relatively higher. As a result, you are billed more for non-trading activities 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 relevant non-trading charges for you in detail.
Compare broker fees against Binary.com
Binary.com Review - Withdrawal Fees Explained
Binary.com charges a withdrawal fee if you create a bank transfer. Every time you transfer money into your bank accounts, these withdrawal charges become applicable.
Withdrawal of cash is possible at any time from your Binary.com account. You can draw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily have to have any cash on your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent into 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 the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are 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 that run through your head while open an account with Binary.com. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 agent to another and isn't standardized. If a dealers account does not have a purchasing or selling transaction, it is maintained by the broker as an inactivity charge. 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 use your account as needed
Even if no fees have been indicated by Binary.com, it is better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.
Binary.com Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents 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 money on the Binary.com trading platform is easy. You just have to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large amounts.
Binary.com Review - Compare Broker Deposit Methods
What Can You trade With Binary.com?
Note: Binary.com provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ based 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 forex pairs.
Compare Binary.com, Atiora, Coinbase & FXNet below.
Alternatives To Binary.com
If, after reading this Binary.com review, Binary.com does not quite fulfill your requirements check out these Binary.com alternatives.
We've scoured the web to find the best alternatives to Binary.com. Click on the hyperlinks below to learn 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 convenience of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demo account on Binary.com, you will set out using a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you decide to invest your own money.
With this virtual Binary.comdemo account, you can experiment at all, to whatever period you wish. You can also start positions, test different trading strategies, and much more.
Binary.com specifies on its official website which you can trade real time stocks with your demo account.
Is Binary.com safe?
It is possible to drop all your worries since we believe that Binary.com is totally safe to use. It is in compliance with all the principles of Unregulated.
Even so, Binary.com doesn't 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 multiple 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 can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in all country. The currencies Binary.com
Is my money safe with Binary.com?
Yes, your money is safe and protected with Binary.com. As you already know, Binary.com works with proper conformation to. It has established plenty of measures to protect all of its own investors.
Binary.com safeguards its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS confirmation for you to access your accounts.
Is Binary.com trading good?
Yes, trading through Binary.com is a pleasant and decent experience indeed. It's a great and intuitive platform with useful features for your ease. Moreover, you can also gain access to a huge collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, you can start a eToro demo account and evaluate the credibility 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 cannot accept clients resident in
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 agent, and its users can vouch for it. The highlight of the platform is its fast order execution on trades.
You'll discover the clean layout of the platform along with the commendable 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 among the business leaders. It supports over 10,000+ registered customers and over 7 years of expertise on its record. They're among the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of resources plus tools so that 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, several traders earn a lot of cash. But typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but within the year, this adds to a significant amount of gains. Even though Binary.com provide you all the tools to make money, they can't guarantee you will profit.
Does Binary.com have fees?
Yes. To start trading with Binary.com, you need to deposit $250. Certain commissions while trading additionally apply. Any processing fees from your bank might 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?
Does Binary.com offer guaranteed stop loss?Binary.com regrettably, doesn't provide guaranteed stop loss. Binary.com gives an opportunity to its traders to close their trades at their specified price. Aside from this, Binary.com doesn't offer guaranteed stop loss.
Does Binary.com allow scalping?Yes, Binary.com do permit scalping. Many traders throughout the world choose Binary.com for their services that are trading. They offer trading on MT4,iOS,MacBook,iPhone which allow 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.