Binary.com Review

4 stars based on 55 reviews

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The binary trading platform is owned as well as operated by Regent Markets Group. The binary options trading platform provider, fully licensed and regulated in both Malta and the Isle of Man, makes use of different corporate vehicles for serving clients in the UK and European Union. The broker does not accept US traders. You just have to predict whether the price of the asset selected by you will Rise above or Fall below the Strike Price by the end of the contract expiration period.

In this case, you choose a Strike Price and then decide whether the price of the asset will finish higher or lower than the chosen level by the expiry time set by you on the contract. This option allows you to set a price level that you believe the asset will either touch, or not touch, by the end of the contract period.

You set up a range and then predict whether the price of the asset would be within or outside the range at expiry. It is easy to use as well as navigate. Currently, the broker does not provide a mobile trading platform. The binary options broker offers just one single account type, which is designed to cater to the needs of all categories of traders. It is free to open a real and live trading account. Initial deposit is required to be made only when you want to start trading.

At the time of opening your account, you need to specify the currency in which you want to operate your account. Virtual account or demo account can be opened without any hassles. You will be provided with USD 10, of virtual money for practicing trades on the demo account. You will be able to see the exact payout on the right side on the binary options trading platform. However, it is important to keep in mind the fact that the payout ratio changes based on the fluctuations in the market.

The minimum amount to be deposited to start trading is USD 5, but the website clearly specifies the amount to be deposited, minimum and maximum limits, depending on the deposit method that you choose.

It is easy to park money into your trading account as the broker supports a wide range of deposit methods such as Bank wire or Money transfer and Credit or Debit card as well as E-Wallets and third-party payment processing, which include CashU, FastPay, Skrill, WebMoney, Ukash and Neteller.

You can withdraw money from your account for free. However, the processing times and the minimum and maximum withdrawals are dependent on the method of withdrawal that you opt for. Typically, it takes about five working days for processing withdrawal through bank wire and 3 working days for processing withdrawals through credit and debit cards. Customer support services provided by Binary. Traders located in regions other than these are serviced with the help of a generic direct telephone helpline number, which can be accessed 24 hours in a day.

As many customers have to be serviced, it is not a good idea to depend on the call-back facility. However, they do run offers periodically. However, charting is one of the unique features that the broker makes available on the website. It is, therefore, a reliable binary options trading platform provider. The fact that they make available a demo account indicates that both new and experienced traders can consider opening an account with them.

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