Author: Jacob Bailey
Market Analyst
Jacob Bailey

Binarycent Review

Summary

Binarycent, while a relatively 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. Benefits include an excellent mobile trading platform, welcome and deposit bonuses and a good support system. There are phone numbers available in many languages, alternatively, you can send a message with your details, and someone will get back to you.

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Risk Warning / Ad Disclosure

Risk Warning: The 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 risk 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
Accounts
9.2
Trades
9.4
Bonuses
10.0
Mobile
9.6
Banking
9.6
Features
9.6
Support
9.6

Introduction

Introduction

Licensed and registered in Vanuatu, Binarycent is a relatively new entrant to the trading market place and was 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. Our extensive and detailed review will help. With information about precisely what they have to offer, bought to you by our team of experienced experts, our hard work means that you can make an informed decision.

In this review, you will learn:

  • All the various accounts and expiry times on offer
  • Deposit and withdrawal levels and the bonuses
  • The special features that make Binarycent good
Binarycent Screenshot Binarycent Screenshot Binarycent Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The 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 risk 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

9.2
Account Types

As with many brokers, there are different trading account types available for varying 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 have $300 to start trading. 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. 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 get 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%. The 100% bonus means that you can open an account with $3,000 which will automatically give you $6,000 to trade. Again, before you can withdraw it, this bonus must be traded a minimum number of times.

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

Supported Languages
Arabic
German
English
Spanish
French
Russian
Thai

Trade Types And Payouts

9.4
Trade Types And Payouts

As with all brokers, the payouts available are essential when choosing where to deposit your funds. While some may make promises of 90%+ payouts, you should be expecting around 70-80% returns on your trades. Binarycent is more or less in that spectrum with payouts ranging from 65-85%. When it comes to the different trade types available one of the robust 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 rapid turnaround and allow you to get used to trading very quickly.

We recommend 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 speedy 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 day, but you need to be vigilant as there can be things that affect the value of the stock that is 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 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.

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

Bonuses And Promotions

10.0
Bonuses And Promotions

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

They range from 25% with a bronze account up to 100% with a gold account. You should understand that there is a minimum requirement for how many times you need to trade the bonus before you can withdraw it.

Mobile Trading

9.6
Mobile Trading

Users are often looking for mobile trading options so they can trade on the go and make time-sensitive decisions, even when they're outside. If you are one of those traders who does not want to stay tied to their desktops for hours, you need a mobile trading platform.

The Binarycent trading app works on both iOS and Android smartphones and tablets. It allows customers to start trading with just a $10 deposit as a minimum. It allows 24/7 live video chat directly from the app. You don't even need to switch out of the app for video chat. With the Binarycent mobile trading app, you can manage everything under the "same roof".

You complete the account verification via the mobile platform itself. It shows complete transaction and trading history to help users make more informed decisions about your account.

The app also displays technical indicators on the chart to help you trade and analyse the financial markets. Logging in is easy, and you can register right from the app. It even facilitates account funding on connected brokers.

Expert Reviews

Deposits And Withdrawals

9.6
Deposits And Withdrawals

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

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

Special Features

9.6
Special Features

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

Customer Support

9.6
Customer Support

We have already mentioned that the broker offers live video chat for those who want to chat with someone that they can see. The live chat will automatically pop up when you arrive at the site which you can minimise 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.

Here are the contact details for Binarycent:

  • Email - support@binarycent.com
  • Phone - +182 994 76393
  • Address - Finance Group Corp, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu

Conclusion

9.6
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. Benefits include 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 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 risk 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

FAQ

Is Binarycent legit, will they scam me?

Binarycent is registered with a financial services license in Vanuatu. Their customer service team is accessible should there be an issue.

Do they have a decent mobile or tablet app?

In addition to their site is optimised for mobile devices, they also offer a mobile app. The mobile site is easy to navigate and easy to use.

What bonus do they offer new traders?

There are several accounts available, each of which attracts their level of bonus starting at 25% with a bronze account and rising to 100% with a gold account.

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 to use the demo platform.

What's the minimum deposit and trade amount?

There are three levels of deposit depending on the level of account that you open, but the minimum is $250. Trading on this platform is in cents with the minimum trade being $0.10 which is very low.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for us since our launch in 2012. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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