Binary.com Guide – Read our In-Depth Binary.com Review
Binary.com Rating: 2.11 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the ideal agent who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan will generate hefty returns. Binary.com is one such stage which will take you and your investment to great heights. It's crucial that you understand all about Binary.com before you trust them with your cash.
Binary.com Review – Brief Summary
Binary.com Telephone Number:
Binary.com Email Address:
Number Of Clients:
10,000+ Binary.com users and traders
Binary.com Facebook Likes:
Binary.com Twitter Followers:
Binary.com Instagram Followers:
Your capital is at risk
|Binary.com Telephone Number:|
|Binary.com Email Address:|
|Number Of Clients:||10,000+ Binary.com users and traders|
|Binary.com Facebook Likes:||0|
|Binary.com Twitter Followers:||0|
|Binary.com Instagram Followers:||0|
Your capital is at risk
Our full Binary.com Review covers everything you will need to know about trading with Binary.com. A fantastic agent can multiply your initial investments and provide you favourable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
Binary.com is a broker which has found its way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of Binary.com. This review can help you to know whether Binary.com is a good fit for your investments or not. We have tried to breakdown all of the qualities and fees 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?
- Binary.com Risk Disclaimer
- 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 trading. Since its beginning in 2014, Binary.com has emerged as a top-tier player in the industry of online brokerage. Binary.com includes a highly competitive and full-featured trading website that is focused on forex, indices, metals, stocks , commodities.
Over the past 7 years, Binary.com has grown into one of the leading online brokers.
After launching in 2014, their consumer base has become as large as 10,000+ clients.
Binary.com is the favourite for many traders.. Our Binary.com review discovered that they're an excellent alternative for automated trading options. They're most appropriate for investors that are searching for a variety of assets. Social and automated trading solutions are the heart at Binary.com.
Technology plays a substantial role in Binary.com. Binary.com features trading on MT4,iOS,MacBook,iPhone. Binary.com is honest, transparent, and a well-regulated broker by the Unregulated. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Binary.com is very insightful for new dealers as it allows them to have a closer look at the financial markets. Binary.com caters to all sorts of traders and are a must-have broker for 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 ought to know about trading using Binary.com
Binary.com is a lively platform that offers various procedures of trading online. These instruments cover the financial markets substantially. Most of the broker platforms provide fewer procedures than Binary.com
If you wish to exchange with Binary.com, you will require a minimum deposit of $250. This deposit is mandatory if you would like to start trading with Binary.com. This 2021 Binary.com review will direct you safely about trading with them.
Binary.com is as flexible as another brokerage platform. Binary.com is great for traders who want a manageable range of cheap services. The programs provided by Binary.com are third party, white-label offerings. All traders can choose from 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 over which a trade has to be kept open. The brokers provide premium client service that rewards clients with advantages.
Many unprofessional brokers try to pressurise users into bigger financing for premium services. Binary.com, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will come along.
Binary.com accounts are available around the world and provides outstanding service everywhere they have customers. 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:
BR, KR, IR, IQ, SY, JP, US
Is Binary.com Safe To Trade With?
Established in 2014, Binary.com has been in operation for 7 years, they are headquarted in United States.
Binary.com is regulated by Unregulated. These bodies have rules that make sure that trading platforms have measures in place to maintain 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 stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with Binary.com for heightened safety. An SMS with the confirmation code will be sent to a phone. You'll be asked to input this code to log into your account.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is more prevalent in the example of Market Maker agents who compete with customers on the platform.
Binary.com Risk Disclaimer
Your capital is at risk
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 has low minimum deposit requirements
- Binary.com offers social trading
- Binary.com offers copy trading
- 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 English, and Chinese
- Binary.com does not offer Negative Balance Protection
- Binary.com does not offer Guaranteed Stop Loss
- Binary.com charge withdrawal fees
- Binary.com charge inactivity fees
- Binary.com charge deposit fees
- Binary.com doesn't trade minor forex pairs
- Binary.com doesn't trade exotic forex pairs
- Binary.com charge CFD fees
- Binary.com doesn't offer trailing stop
Binary.com Review - Compare Brokers Similar To Binary.com
|Binary.com||ATFX||profiforex corp||Valbury Capital|
|Rating||2.11 / 10||4.23 / 10||5.05 / 10||4.26 / 10|
|Regulated By||Unregulated||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F297||Financial Conduct Authority (FCA)|
|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 powerful collection of rules for ensuring fair trading onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial details.
Binary.com Review - AwardsAt the time of writing this Binary.com review, and despite Binary.com’s impressive offering, the company has surprisingly not garnered any other awards to date.
Binary.com Trading Platforms
Binary.com are a professional trading platform that has been operating for over 7 years. They offer a wide range of options in their user accounts.
Below we take the main parts of any great broker and compare Binary.com against ATFX, profiforex corp, and Valbury Capital
Binary.com Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Binary.com is $250. This is an adequate amount for those just starting out. It's possible to create more complex residue as you go along. But, make certain you know how to make the most of your money 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 bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They're billed for services like depositing money, not investing for lengthy periods, or withdrawals.
In general, Binary.com does not charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees charged by Binary.com are relatively lower. As a result, you are charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale 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 Review - Withdrawal Fees Explained
Binary.com charges a withdrawal fee if you make a bank transfer. Each time you transfer money back into your bank account, these withdrawal charges become applicable.
Withdrawal of money is possible at any time from your Binary.com account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any money on your accounts.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Binary.com will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to withdraw in.
Binary.com Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your head when open an account with Binary.com. An inactivity fee is an amount charged to registered dealers that have not participated in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from 1 broker to another and isn't standardized. If a dealers account does not have a buying or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms that they had consented while enrolling.
Binary.com charges an inactivity fee if you don't make any trades for a while.
Even if no fees have been implied by Binary.com, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to a lot of 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 from the bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of money for this operation.
Binary.com charges a deposit fee for transferring money into your trading account.
Depositing cash on the Binary.com trading platform is easy. You simply need to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit substantial sums.
Binary.com Review - Compare Broker Deposit Methods
What Can You Trade With Binary.com?
Note: Binary.com provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ 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, ATFX, profiforex corp & Valbury Capital below.
Reviewing The Binary.com Mobile App
Note: Binary.com's mobile app has many functions and is being constantly developed. What follows was accurate at the time of compiling this Binary.com review.
Understand the capabilities of the mobile apps of Binary.com, ATFX, profiforex corp & Valbury Capital below.
Alternatives To Binary.com
If, after studying this Binary.com review, they don't quite fulfill your needs check out these Binary.com alternatives.
We've scoured the internet 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 definitely try Binary.com before you buy. Binary.com offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account on Binary.com, you may set out with a decent amount of virtual currency. It is to establish a feeling of security and confidence in you until you decide to spend your own money.
With this virtual Binary.comdemo account, you are able to experiment in any way, to whatever length you wish. You might also start positions, examine different trading approaches, and more.
Binary.com specifies on its official website that you are able to exchange real time stocks with your demo account.
Is Binary.com safe?
You can drop all your worries because we believe that Binary.com is completely safe to use. It is in compliance with all the rules 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 account 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 ways to fund your account with Binary.com. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every place. The monies Binary.com
Is my money safe with Binary.com?
Yes, your money is safe and secure with Binary.com. As you know, Binary.com operates with proper conformation to. It's established lots of measures to guard all of its investors.
Binary.com protects its customers' 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 as well. It requires an SMS confirmation for you to get your account.
Is Binary.com trading good?
Yes, trading via Binary.com is a nice and decent experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. In addition, you could even gain access to a vast collection of educational tools 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 across the globe. However, due to regulations there are some countries that Binary.com cannot accept clients from BR, KR, IR, IQ, SY, JP, US
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 an excellent agent, and its own users may vouch for it. The highlight of the platform is its fast order execution on transactions.
You will discover the clean design of this platform and 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 one of the industry leaders. It supports over 10,000+ registered users and over 7 years of experience on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range 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, many traders earn a great deal of cash. But on average, through continual trading, you can create between 2% - 10% profit a month.
This may seem like a small number, but within the year, this adds to a substantial number of gains. Even though Binary.com supply you all the tools to earn money, they can't guarantee that you will profit.
Does Binary.com have fees?
Yes. To begin trading using Binary.com, you have to deposit $250. Certain commissions while trading additionally applies. 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 worldwide recognised agent with 10,000+ clients.
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 indicates that you promptly contact customer services. With this, you can correct any imbalances in your account.
Does Binary.com offer guaranteed stop loss?Binary.com unfortunately, doesn't offer guaranteed stop loss. Binary.com provides a chance to its traders to close their trade in their specified price. Aside from this, Binary.com does not offer guaranteed stop loss.
Does Binary.com allow scalping?Yes, Binary.com do permit scalping. Many traders throughout the world select 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?
No, unfortunately you cannot trade German shares with Binary.com
Does Binary.com accept bank transfers?
Yes, Binary.com accepts bank transfers for depositing money.
Does Binary.com accept credit cards?
Yes, Binary.com accepts credit cards for depositing money.
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?
Yes, Binary.com accepts Payoneer for depositing money.
Does Binary.com accept Neteller?
No, Binary.com does not accept Neteller.
Does Binary.com offer Live Chat customer support?
Yes, Binary.com offers customer support through live chat.
Does Binary.com offer phone customer support?
Yes, Binary.com offers customer support over the telephone.
Does Binary.com offer email customer support?
Yes, Binary.com offers customer support through email.
What languages can Binary.com communicate in?
Binary.com has the ability to communicate and support customers who speak: English, and Chinese
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 test your trading strategies before risking any real capital. New traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.