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Binarycent is an international Broker for Binary Options, Forex, CFD and Cryptocurrencies. The company is based and runs by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there are not a lot of information to find about the company. Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.
The biggest advantage of Binarycent is the small investment amount of 0,1$. That's why they are called Binary-'cent'. Bet on falling or rising markets with Binary Options. The asset profit is quite high between 80 and 95%. Traders can choose between a turbo, intraday and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid and the broker is compared to other companies in a good place.
Discount | Description | Expiry Date |
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$170 | Buy Binarycent $170 bonus for $82 0ccf732365830c40 | 2024-12-07 |
95% | Coupon Binarycent invest and earn up to 95% in 60 sec 0ccf732365830c40 | 2024-12-08 |
$101 | Buy Binarycent $101 bonus for $49 0ccf732365830c40 | 2024-12-18 |
$20,000 | $20,000 in Binarycent weekly trading contest 0ccf732365830c40 | 2024-12-05 |
$50 | Buy Binarycent $50 bonus for $15 0ccf732365830c40 | 2024-12-16 |
100% | Up to 100% bonus on your first deposit to Binarycent 0ccf732365830c40 | 2024-12-16 |
$20 | Buy Binarycent $20 bonus for $5 0ccf732365830c40 | 2024-12-11 |
BinaryCent is an international broker with diversifying asset options. You can consider it one of the best online trading platforms for binary options.
BinaryCent provides a lot of useful features along with many benefits to make the company unique. These are:
The registration process is simple for traders. It is free to open an account with BinaryCent. To complete your registration, traders need to go through some steps.
On the other hand, it is prohibited to open an account by using the same name and address. The company has the right to cancel registration if they find any double registration from same client.
Not only the registration but also the team will cancel your opened position and withdrawal request. The account will be frozen until they finish their investigation.
On the other hand, you have to submit authentic documents with valid information. Because the company will communicate with the client by using that information.
Similarly, as a client, you have to guarantees that you are not less than 18 years and sane.
Now, follow the steps which we mentioned below to open a free account with BinaryCent.
Traders have to follow some steps to verify their account. Firstly, go to the 'settings' option. Then choose 'personal data' from where you can upload valid and legal documents to verify account.
Choose your ID types from the list.
Please upload a copy of passport in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.
Then, click the 'Sign the Agreement' button to sign and save it. It usually takes 1-2 working days to complete the verification.
Similar to the passport, please upload a copy of personal ID in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.
Moreover, upload the front side and backside of the Personal ID's pictures and sign the agreement. It usually takes 1-2 working days to complete the verification.
CentoBot offers three types of trading accounts with various trading features. You can choose the most demanded services into packages. The minimum deposit starts from $250.
However, you can deposit a maximum of $50,000. So, the account types are:
Among these three accounts, the most popular account is Silver. Note that in case of negative trading results, risk-free trades are compensated in the form of a trading bonus.
BinaryCent offers a demo account for traders. A demo account is essential for any types of traders to know the platform and its functionality. On the other hand, expert traders mainly use a demo account to practice with a new strategy before implementing with a real account.
Apart from the risk, the practice account is similar to a real account.
Eventually, to receive a demo account access, you need to fund your trading account. After that contact customer support to get a demo account credentials.
The trading platform is quite organized. In the left side of the platform, you will find two separate trading types. One is Binary Option and another one is CFD/Forex.
Additionally, under each trading type, you will find different trading classes like currencies, crypto, commodities, indices, and stock.
On the right side of the platform, you have to select a few things depending on the trading types. For binary options trading, traders need to select option types, time, and amount.
At the same time, for Forex and CFD trading, traders have to select the only trading amount. Note that leverage ratio is fixed for traders depending on the asset's class.
Apart from these, there is a charting tool, fundamental analysis, trade pattern ideas, news, technical analysis, and an economic calendar. To make a complete market or asset price analysis, you have to use these trading tools which we mentioned above.
Moreover, you can see two types of line. One is the yellow line which indicates purchase deadline and another one is white line which indicates expiration time. Traders can select whether a candle chart or a tick chart to see the display of the market movement.
On the other hand, from the trader contest option, you can see a leader-board with all information like ranking, trader's name, total traders, and prize. Moreover, from the copy trading option, you can follow and copy the top 10 traders.
The list will show you all information including the trader's name, profit percentage, and trade size. You can follow a trader with a maximum trade size of $100.
Moreover, the sentiment analysis tool will help you to take decision when to buy and sell a trading asset. You can also see the status of your trading whether it is open, close, or pending.
Similarly, you can check the trading history (previous trading) from the platform.
BinaryCent offers two types of trading for traders. One is Binary Options and the other one is CFD/ Forex trading. There are more than 150 trading instruments are available to trade.
So, you can trade binary options on forex, commodities, cryptocurrency, and stock. Moreover, traders can trade CFD/Forex currencies, commodities, crypto, indices, and stock.
For binary options, traders can place a trade for 1 min to 30 min. However, you don't need to set the trading time for CFD/Forex.
Here, the leverage ratio depends on the trading instruments. The maximum leverage ratio is 1:100. But for cryptocurrency, the leverage ratio is 1:3.
You can find payouts for different trading assets in the platform. The maximum payout percentage is 95%. Payout percentage means, if you open a trade with $100 of investment, then you will receive $185 payout after winning the trade.
So, the investment amount is $100 and the profit is $85.
For traders, BinaryCent offers trading bonuses which depend on the deposit amount. The bonus percentage starts from 20% to 100%. These bonuses are limited-time offers. On all CFD trades, bonuses are eligible.
Moreover, to maintain a trading position or to open a larger position, the bonus will give you an additional margin. Remember, the profit and loss will always be related to trader's net balance, not on the bonus amount.
If you deposit $250, then you will get a 20% bonus. So, the total trading deposit is 300. Similarly, for $500, the deposit percentage is 50% and for $3000, its 100%. Please note that the bonus will be paid in the base currency.
You cannot withdraw any bonus amount from your trading account.
Those who don't have previous experience in trading on financial market can copy the most successful traders.
To copy traders, you have to create an account with BinaryCent. Apart from the account creation, you have to fund your account with an initial deposit. The deposit amount depends on the account types.
From the main dashboard or trading window, you will find a list of top 10 successful traders. So, choose one or more successful traders, start copying and follow the results.
You can trade the financial market without sitting in front of your trading device. Now, trading is easier than before. Traders can trade from anywhere at any time via mobile trading.
You can download mobile trading app from Google play store or Apple's App store.
You can trade all trading instruments via mobile trading app. So, you can fulfill your all basic trading functions from trading app. The only difficulty is that you have to trade on a smaller screen instead of a bigger screen.
Perhaps, there is not deposit fees for traders. But, if you want to deposit via Visa/MasterCard, the BinaryCent will charge 5% deposit fees. Enter your amount according to the account types. Along with the deposit amount, you have to enter card information like card number, expiry date, surname, and CVV2 number.
Moreover, you can save card information for further usage.
Now, you can withdraw your profits via Bitcoin, Ethereum, Altcoins, and Perfect Money. It is important to choose the same methods that you have to choose during deposit your account.
The minimum withdrawal is $50. Moreover, a withdrawal request will accept within 1 hour. However, during public holidays and weekends, funding time may be delayed.
But, before accepting the request, BinaryCent will ask for a proof of identity and address of the requester. Moreover, the fees will be applied based on the account types and the withdrawal method.
Note that BinaryCent doesn't process withdrawal requests to e-wallets, bank and credit card accounts, not belonging to a trading account owner.
Especially from BinaryCent, it is recommended to withdraw your profit via Bitcoin. Because Bitcoin provides the fastest withdrawal with zero commission.
Concurrently, you have to make at least one trading deposit by using Ethereum, Altcoin, and Perfect Money, if you want to withdraw funds via selected methods.
The customer support team is dedicated. You can contact the team via live chat option and also can select language from the list.
At the same time, you can also contact them via customer support phone numbers. You will find those number from their website.
Lastly, you can send them a message by filling a form with your name, e-mail, and phone number. The support team will contact you.
BinaryCent is an offshore broker. As per the broker, they are regulated and a part of a Finance Group Corporation. However, the regulatory body is not famous.
We could not find a detailed overview about their regulation from the main website.
On the other hand, there is no clear view on trading awards. Moreover, there is no educational material that can help new traders to learn more about trading.
BinaryCent does not offer free demo account for traders. You have to open a live account first. After that you can apply for a demo account.
The last drawback is that the broker requires comparatively very high initial deposit. By comparison, you can start trading with IQ Option, Binary.com, Binomo, Olymp trade, Expert Option etc. by depositing just $10.
Finally, it is the perfect way to sum up this broker review. BinaryCent is a fairly new broker. This is a broker that offers a wide range of trading instruments.
However, there are also some features that makes this broker unique. We strongly believe that this is the place where you will find everything what you have been looking for.
So, it's better to open an account with them and start trading.
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*Risk alert: Trading and other derivatives is highly speculative and represents a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Get independent advice, if necessary.
Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100 and the spreads are starting with 1.0 pip.
Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitable with over 100 different assets. From my experience the execution of trades is very fast on that platform.
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