Author: Jake Bailey
Online Trading Pro
Jake Bailey

Binarycent Review 2019

Binarycent Logo
  • US Traders
  • 150+ Assets
  • 1-2 Day Payouts
  • Mobile Friendly
  • Low Deposit
Demo: Licence:
Deposit Methods: Visa MasterCard Neteller Skrill
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Binarycent Screenshot Binarycent Screenshot Binarycent Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Our Expert Rating
Overall
4.8
Accounts
4.6
Trades
4.7
Bonuses
5.0
Mobile
4.8
Banking
4.8
Features
4.9
Support
4.8

Introduction

Introduction

Licensed and registered in Vanuatu, Binarycent is a fairly new entrant to the trading market place having been founded in 2016. In addition to binary options, the broker also offers Forex and CFD trading. Their custom trading platform was developed and launched by a group of serious investors with many years' experience in trading themselves.

The trading platform is available on both desktop and mobile with an app available on iOS and Android. It allows investors the chance to trade without having to download any sophisticated software. Expiry times are varied and there are numerous accounts for differing levels of investors. Binarycent offer it's options trading platform in many countries.

For those who are seeking a broker and have a particular interest in Binarycent, you may be wondering why this could be the one for you. This is where our extensive and detailed review will help. With information about exactly what they have to offer, bought to you by our own team of experienced experts, our hard work means that you can make an informed decision.

To help you to decide if Binarycent is the broker for you, in this article you will discover:

  • Details about the various trading accounts and expiry times on offer to you
  • Deposit and withdrawal requirements and the bonuses available to new users
  • The special features that make Binarycent stand out as a great broker
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

4.6
Account Types

As with many brokers, there are different trading account types available for different levels of traders. Whether you are a beginner looking to dip your toe and give options trading a try, or whether you are a more experienced, savvy trader, there is something for everyone. Each level of account brings with it additional features designed to maximise your binary options trading success and make it an enjoyable experience for all.

Bronze Account

For a deposit of just $250, bronze account holders can enjoy up to 20% bonus. What this means is that when you make your initial deposit of $250, you will actually have $300 to start trading with. You will also benefit from 1 hour withdrawals, live chat support and the option to trade using a demo account so that you can get to grips with the platform before you start trading with your own real money.

Silver Account

A silver account is available to those that deposit $1,000 and this will attract a 50% welcome bonus. This bonus is added to your deposit and therefore gives you $1,500 to trade with. You must trade this bonus a minimum number of times before it can be withdrawn. Additional benefits include live chat, 3 risk free trades, a master-class web session and a personal account manager.

Gold Account

The next step up requires a deposit of $3,000 for which you will be rewarded with all of the benefits of a gold account. Members who open a gold account will benefit from all of the features mentioned above but the bonus increases to 100%. This means that you can open an account with $3,000 which will automatically give you $6,000 to trade with. Again, this bonus must be traded a minimum number of times before it can be withdrawn.

You may decide to start out with a bronze account until you become more confident with both the broker and the platform and of course, your own trading skills. As you become more experienced, you can choose to upgrade your account to benefit from more features of the platform.

Supported Languages
Arabic
German
English
Spanish
French
Russian
Thai

Trade Types And Payouts

4.7
Trade Types And Payouts

As with all brokers, the payouts available are important when choosing who to deposit your funds with. While some may make promises of 90%+ payouts, you should be expecting around 70-80% returns on your trades. This is more or less what you can expect from Binarycent with payouts ranging from 65-85%. When it comes to the different trade types available one of the strong features of this platform is the expiry times offered:

Turbo Options

Turbo trades are those that are quick. Starting as low as 30 seconds rising to around 15 minutes, turbo options tend to be the most popular with beginners as they have a very quick turnaround and allow you to get use to trading very quickly.

It is recommended that if you are going to start with turbo options that you exercise caution as, while it allows you to get used the platform and trading very quickly, it is also a very quick way to lose money if you don't know what you are doing. They are an easy option to trade on the go from a mobile as they don't require a lot of research and analytical tools.

Intraday Options

Intraday trading is more suited to the more experienced traders amongst you that know what they are doing and have some knowledge of the markets. They usually rely on several trades a day and an understanding of the stocks and their positions. It is an exciting proposition to see the value of the stocks increasing over the course of the day but you need to be vigilant as there can be things that affect the value of the stock that are often unforeseen.

Long Term Options

The long term options offered by Binarycent are up to 5 weeks. There are pros and cons to longer term options. For a start, you have to a have more patience. You can place your trades but you are going to have to wait longer to find out the outcome.

Long term trading does remove the emotion from trading though and means that you are not placing trades as a reaction to a lost investment to try and make your money back or to keep up a winning streak when you are doing well.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Bonuses And Promotions

5.0
Bonuses And Promotions

Bonuses and promotions can affect a trader's decision when choosing a broker as it can offer you the opportunity to maximise on your investment and give you more money to play with. Binarycent offer 3 different levels of bonus which are based on the account that you choose.

They range from 25% with a bronze account up to 100% with a gold account. It must be understood though that there is a minimum requirement for how many times the bonus should be traded before you are able to withdraw it.

Mobile Trading

4.8
Mobile Trading

For many of you, mobile trading is the most important factor when it comes to trading. Many people want to be able to make their trades on the move rather than being tied to a desktop for the duration of their trading time.

There is not only a mobile trading platform optimised for smart phones and tablets but also the option to download an app on iOS or Android to further enhance your trading experience.

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Deposits And Withdrawals

4.8
Deposits And Withdrawals

The minimum amount required to open an account with Binarycent is $250 but the minimum trade is just $0.10. This means that you can get rather a lot of trades for your money. There are many different ways to make a deposit with this particular broker including cryptocurrencies like Bitcoin.

When making a withdrawal, the funds are deposited back to the same method used to make a deposit and the minimum withdrawal is $50. Withdrawals are processed in an hour which is a strong feature of Binarycent.

Special Features

4.9
Special Features

There are many things that make Binarycent stand out. As well as their very low minimum trades, they also boast a demo account, fast turnaround withdrawals and a number of turbo, intraday and long term options. They offer non-stop trading which means that you can trade around the clock, even on a weekend and you can talk to an assistant through live video chat. It should also be noted that trades are made and displayed in cents as opposed to dollars.

Binarycent really ticks all of the boxes when it comes to their trading package.

Customer Support

4.8
Customer Support

We have already mentioned that the broker offers live video chat for those who want to chat to someone that they can see. This will automatically pop up when you arrive at the site which can be minimised until you need it. They also offer all the usual support methods as well including phone and email.

There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.

Conclusion

4.8
Conclusion

Binarycent, while a fairly new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. This includes a good mobile trading platform, welcome and deposit bonuses and a good support system.

There are phone numbers available in many languages including Russian, Chinese and English. Alternatively, you can send a message with your details and wait for someone to get back to you if you prefer.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Binarycent FAQ

Is Binarycent legit, will they scam me?

Binarycent is registered with a financial services license in Vanuatu. While they currently don't have a CySEC license, they do state that it is pending. They carry a financial warning of the risks of trading on their website and there is nothing to suggest that there is anything untoward about their trading operations. Their customer service team is accessible should there be an issue and you need to get in contact with someone.

Do they have a decent mobile or tablet app?

In addition to their site being optimised for mobile devices, they also offer a mobile app for iOS and Android so that you can trade on the move. It is essential that any broker now offers the opportunity for you to be able to trade on the move and with Binarycent this is no exception. The mobile site is easy to navigate and easy to use and gives you the chance to choose whether you prefer the mobile site or an app.

What bonus do they offer new traders?

The bonuses offered by Binarycent depend on the level of investment that you make. There are several accounts available, each of which attract their own level of bonus starting at 25% with a bronze account and rising to 100% with a gold account. It should be noted that in order to withdraw any bonuses, they must be traded a specific number of times before they can be withdrawn as cash.

Can I start trading on a free demo account?

A demo account is free to use for those who open an account with Binarycent. While you do need to deposit funds to open an account, you don't need to spend them in order to use the demo platform. It is highly recommended that you use a demo account if you are new to binary options trading is you need to get familiar with the platform and to the whole trading experience. Making your beginner mistakes before you risk your own funds will make it a more rewarding experience.

What's the minimum deposit and trade amount?

There are three levels of deposit required depending on the level of account that you open but the minimum is $250. This gets you all the benefits of a bronze accounts. Trading on this platform is in cents with the minimum trade being $0.10 which is very low when compared to many other brokers. It does mean that you can get a lot of trades for your money especially if you are going to be using turbo options.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

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