Binarycent is an online retail broker that came into existence in 2017. The broker operates from the Marshall Islands, offering access to trade multiple financial assets — binary options, forex, cryptocurrency, and CFDs — using a web-based trading platform. They provide clients with trading tools, learning resources, and the services of a responsive client support team. The minimum deposit required to start trading is $250. Leverage of up to 1:100 is available, while no commission is charged on trades.
Binarycent Review Introduction
In this Binarycent review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Binarycent.
Binarycent Platforms & Tools
All trading activities at Binarycent are carried out using a web-based trading platform that is developed in-house by the broker’s tech experts. The platform is built with various useful tools to enhance clients” overall trading experience. As a result, it is suitable for both amateur and expert traders alike. Moreover, as a web-based trading platform, it can be accessed directly from the broker’s website without downloading or installing any additional software. Interestingly, the platform is mobile responsive, allowing traders to navigate and place their trades using mobile devices.
Binarycent Research & Education
There are several educational resources on the broker’s website. These learning materials help traders to make knowledgeable trading decisions, and they include learning articles, trading guides, and an FAQ section.
Binarycent Trading Accounts
Binarycent offers a choice of three live trading account options, and they include Bronze, Silver, and Gold. They have minimum deposit requirements ranging from $250 to $25,000.
Binarycent Account Funding
The broker processes all clients’ deposit and withdrawal requests using any of the following payment methods: bank wire transfer; credit/debit cards (Visa, MasterCard, and Maestro); Online payment processors; and Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and more.
Depending on your payment provider, there may be some charges for deposits and withdrawals. In addition, the duration of the transaction is dependent on the payment method in use.
Binarycent Customer Service
Binarycent provides traders with a multilingual client support team to assist them with any assistance they may need. The support team is available all round the clock and can be reached through the following contact channels: telephone, email, Live Chat, and social media.
There is no regulatory information on the broker’s website at the moment. Lack of regulation may deter most potential traders and investors from opening an account with them because the safety of their invested funds is not guaranteed.
Binarycent Review Summary
Based in the Majuro, Marshall Islands, Binarycent is an online financial services provider that has been operating since 2017. They provide clients with straightforward access to the global financial markets through a proprietary trading platform that is available as a WebTrader. Their clients benefit from various favorable trading conditions, such as multiple account options, leverage of up to 1:100, tight spreads, and more. The minimum deposit required to start trading is $250. The broker is not regulated by any known financial authority at the moment. Please note that the absence of regulation is often a red flag to prospective clients.
It is worth mentioning that some of the trading products and services in this Binarycent review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Binarycent broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.