Binary.com established them self, back in 1999 and have since then cemented them self as a solid brand in the business. The company has not always been called Binary.com, before 2013 their name was BetOnMarkets.com.
In their starting years the company won quite a few awards, they are accountable for a $2 billion turnover from binary trades and have more than 1 million users of their trading platform, which runs up in 1 million plus transaction per day. These are some of the factors that have held Binary.com in the top of the field for years now.
- Demo Account – Yes, with $10,000 in virtual credit
- Minimum deposit – £5
- Minimum trade – £1
- Maximum trade – £100,000
- Signal service – No
- Mobile app – yes, only Android
Types of Trading
On Binary.Com they offer a few trading options in four fields; forex, commodities, stocks and indicers. The list of assets in all categories is great, but with the currency list being the biggest. Within these categories there are four main trading options for the user to utilize.
Up/Down –The standard binary way. Works with rises and falls in the value.
Touch/No Touch –With this option you are asserting whether an assets price will touch a determined price or not, within a certain duration of time.
Ends in/Out –The option is about hitting a range of value for your asset, with in a preset expiry point.
Stays In/Goes Out –the options works a lot like Ends in/Out, but instead of having to hit the value range, this option is about if the value stays within the range throughout the time period.
Scam or Speculation
Binary.com is regulated by Malt Financial Services Authority. This regulating company is based out of Malaysia. They also have a license from the UK, besides this, a company who has been in business for so long gain credibility from its long life.
Their Trading Platform
The platform they provide can be said to be rather spartanic. They provide the traders with exactly what is needed and none of the gimmicks other platforms apply. They only show the key trading information, making the experience clean and smooth. This kind of platform will often be preferred by more experienced traders, who prefer the clarity of the platform, but might scare of some of the traders who like better presentation.
Binary.com offers other platforms than their standard one. Here are 4 examples:
MetaTrader 5 – This platform offers advanced CFD trading. It combines the trade suite, MetaTrader, MT4 and MT5. This platform competes with some of the best CFD brokers around the world.
Binary WebTrader – This platform gives the trader the ability the follow multiple underlying assets and at the same time trade them.
Binary Next–Gen – This is their app version of their platform. It eases trading when you are on the move, from a broad array of devices. Works with Android.
Binary Bot – With this, traders get the possibility to control an auto trading bot. it gives the trader information and details of its doings, and you can try out different bot scripts along the way
As most other brokers Binary.com offers a mobile platform, and it is free. The app has a general high quality and allows traders to access the full range of options and assets they would be able to on the web platform. They have kept the look from their webpage. The user’s portfolio, deposit and withdrawal are as simple and accessible as on their webpage.
Withdrawal and deposit
The amount possibilities for deposits and withdrawals on Binary.com are unparalled by any other broker on the market. The sources of transfer are bank wire transfers, credit- and debit card and a wide variety of online e-cash transfers. With a minimum deposit of just £5, this makes them a great place to start for people who are new in the game.