Operating as a web gambling platform, binary.com is fully licensed and controlled by the Isle of Man’s Gambling Supervision Commission also because the by the Lotteries and Gaming Authority in Malta. the rationale why there are two operational bases is because the broker uses different corporate vehicles to serve clients within the European Union market and U.K’s market.
This global approach is reflected in their new Bitcoin account. It allows traders to fund an account (and trade) using Bitcoin cryptocurrency. at the present however, the account is merely hospitable non-EU account holders. Payment methods have also been expanded to incorporate Ethereum and Litecoin because the firm embrace blockchain technology and established cryptos.
- At first glance, one can see that the trading platform offered by Binary.com is sort of unlike all the opposite platforms normally seen with other binary brokers.
- For one thing, the interface is deceptively simple. All the essential functionalities are there. there’s actually really nothing extraordinary with Binary.com’s platform until you scroll further down…it’s a special picture entirely.
- We were pleasantly surprised to seek out that this platform offers such a comprehensive charting feature for his or her platform.
In addition, traders have the choice to get the list of daily prices and intraday prices from the tabs located slightly below the most trading platform.
- The prices displayed are quite detailed show even the share change on the proper side of the worth quotes.
As mentioned earlier, one unique feature about Binary.com trading platform is that the charts they supply . Traders can choose from the various sorts of displays available:
- Line Charts
- Interactive Charts
- Pop-up Charts
- Legacy Charts
- Trade Types
As Binary.com isn’t your typical binary options broker, the kinds of trading contracts they provide differ slightly from mainstream binary contracts. for instance , traders can choose from:
Rise/Fall Option Contract
Traders will decide if the expiry price will RISE or FALL from its current cash price .
Higher/Lower Option Contract
Traders will decide if prices will find yourself HIGHER or less than a predetermined price target.
Touch/No Touch Option Contract
Payout is formed when prices Trade TOUCH or NOT TOUCH a predetermined price target during duration of the contract.
In/Out Option Contract
The aim is to ascertain if prices are going to be IN between or OUT of two price targets.
Similar to 60 seconds options, traders here decide which way the market will enter 5 ticks of price movements. Tick Trades are further classified into:
- Up/Down Trades
- Lucky 10 Digits
- Quick 10%
Binary.com now also offer CFD trading via their Metatrader (MT5) platform. This expands the binary offering to incorporate more traditional sorts of leveraged investments.
Demo & Trading Accounts
One great point about Binary.com is that the incontrovertible fact that they let would be clients try their platform with a demo account with $10,000 virtual money. this is often not something you discover often with other binary brokers. Most other brokers would require that you simply login and place a deposit first before they allow you to access their trading platform.
Once a trader decided that he wants to open a live trading account with binary.com, all he has got to do is to refill the registration form, login, and place a really small minimum initial deposit of $/£/€ 5.
Trading Software Features
The payout ratios at binary.com vary from around 60% to 110% counting on the contract types. the precise payout are often seen the proper side of the trading platform. Traders should that note that the ratio changes constantly consistent with the market fluctuation.
The list of asset available is actually wide ranging. Traders can choose between Forex, Commodities, Stocks, Indices and therefore the Random Index and Quotidians Market. to urge a thought of what’s on offer; readers can visit their website to look at the complete list.
Customer support is out there 24 hours each day from Monday to Friday. Basically, traders can choose between emailing them, calling them or requesting a call back.
Contact telephone numbers are region specific. If you check the ‘Contact Us’ page, the amount for you region are going to be displayed.
Because Binary.com is working as a web gaming platform, they’re currently being regulated by the gaming regulatory authorities in Malta and therefore the Isle of Man. However, this is often likely to vary within the near future as Malta is currently looking to manage the trading of binary options on the island.
So before that happens, traders need to believe the gaming authorities to guard their legal rights.
Nevertheless, one has got to remember that Binary.com is a component of a multinational conglomerate so it’s unlikely that they’re going to do anything illegal to jeopardise their corporate image.
The mobile app is another very strong offering. like the remainder of the trading experience, the app retains the binary.com look and feel.
The unique trading platform stays an equivalent on the mobile version, and therefore the company make sure that the app is optimised for every particular device and OS .
The android app for instance , has been designed to maximise the skills of android devices. Likewise Apple products like the iPad and iPhone will see features unique thereto OS .
This attention to detail may be a large a part of what has kept this brand at the sharp end of the binary options industry since it began.
The mobile app delivers a slick, but easy to use trading platform for ensuring traders can make and maintain trades at any time. it’s another plus for the firm.
The metatrader options at Binary.com include three account types, formerly Standard, Advanced and artificial Indices, the account choices are now:
- MT5 Financial
- MT5 Financial STP
- MT5 Synthetic
These accounts offer CFD trading on leading edge platforms, on par with more traditional online cfd brokers.
Binary.com offer their ‘Binary Bot’ service, which is another innovative feature. The leading brokers are all rushing to form similar features available. It gives traders the power to configure and build their own auto trader.
So traders can build an automatic trading robot, supported their own system or winning strategy. they will then set the robot ‘live’ to trade whenever the market conditions trigger the standards laid out by the trader. The building tool features a great rehearse demo before traders are set free with it – and better of all, it are often tested before you check in or login with a live account.
Is Binary.com a Scam?
Binary.com are one among the foremost respected brands in binary options. They were started and grown by well respected traders and are now a multinational corporation that doesn’t got to enjoys any kind of ‘scam’ behaviour which may be seen elsewhere within the industry. This brand are often used with absolute confidence.
Binary.com have withdrawn their deposit bonus offer. at the present , there are not any existing trade , or ‘no deposit bonus’ promotions operational .
- Strategy must be considered during a distinct way for Binary.com. the tactic of choosing expiry time is exclusive , then any winning strategy must consider that.
- The flexibility offered by both the trading platform and therefore the software itself (in terms of expiry, and contracts) means winning trades are within the grasp of any trader willing to place within the time and energy to hone their strategy.
- This is one among the most reasons why this particular broker remain the favoured choice of advanced traders. The firm deliver a variety of advanced platforms too – offering both MT4 and MT5 (MetaTrader) integration – and therefore the innovative auto trader “Binary Bot” tool.
- The Binary bot allows traders to make their own bots or auto trading setups. The firm also offer integration way beyond what other firms may offer.
- The bot allows retail investors to access a number of the features restricted to skilled signal services or auto trading advisory services.
- Tick trade strategy are some things that’s only possible with Binary.com, and therefore the tick trade platform isn’t something that has been replicated elsewhere. Specific strategies however, need a neighborhood of their own, so for those looking to read abreast of existing systems, take a glance at our strategy pages.
- Advanced Charting Tool
- Demo Account
- Exciting Trade Contracts
- Extensive Asset List
- Flexible Trading Conditions
- Good Support Services
- High Returns
- Long Operational History
- Simple Trading Platform
- Low Minimum Deposit Requirement
The fact is i used to be won over by what Binary.com has got to offer to its clients. They made it easy to open a live account by setting a coffee minimum deposit of just $/£/€ 5 (depending on your currency of choice).
In addition, their trading platform is actually unique with charting tools as advanced as a fanatical Meta Trader platform (both mt4 and now mt5).