20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Binarycent Review 2024
Minimum
deposit:
deposit:
- $250
Trading platform:
- Webterminal
- Binarycent Web platform
Minimum
deposit:
deposit:
- $250
Trading platform:
- Webterminal
- Binarycent Web platform
Trading features:
- Binary Options
Summary of Binarycent Trading Company
Binarycent is a moderate-risk broker with the TU Overall Score of 5.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Binarycent clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Binarycent ranks 12 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Binarycent broker accommodates trading in binary options and is focused on cooperation with professionals, as evidenced by the high level of the minimum deposit and the lack of training materials.
Binarycent is a broker that has been operating since 2015 and is focused on traders who prefer binary options trading. You are offered three types of accounts and the opportunity to test the trading conditions of the broker on a demo account. During its years of service, the broker was awarded the Best Broker 2015 award, according to Fair Binary Options.
| 💰 Account currency: | USD, EUR, CHF, MBT |
|---|---|
| 🚀 Minimum deposit: | 250 USD |
| 🔧 Instruments: | Currency pairs, CFD |
👍 Advantages of trading with Binarycent:
- quick and easy registration procedure;
- quick withdrawal of funds in any convenient way.
👎 Disadvantages of Binarycent:
- the broker's activity isn’t licensed or regulated;
- no training materials;
- high level of minimum deposit;
- the trader shall verify the account to carry out transactions;
Evaluation of the most influential parameters of Binarycent
Table of Contents
Geographic Distribution of Binarycent Traders
Popularity in
47.72%
US
14.56%
CA
1.87%
ES
1.66%
ZA
1.65%
PT
1.37%
CO
1.14%
GR
1.1%
JM
0.92%
GH
0.88%
NG
16.13%
Others
Video Review of Binarycent i
User Satisfaction i
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Expert Review of Binarycent
Binarycent is a binary options broker verified by Visa Inc. and Mastercard Inc., and the reliability of the personal data is secured by the SSL (secure sockets layer) encryption system. No regulatory authorities monitor Binarycent, i.e., it is not licensed.
The broker offers its clients the opportunity to get not only earned income (for options), but also passive income. There is a Copy Trades Tool and an affiliate program has been created; participation in such programs positively implies not only a trader's steady income but also good trading conditions.
The website has an intuitive interface localized into 8 languages. However, it should be noted that some of the sections are available only in English.
Best Forex broker based on expert and trader reviews
Dynamics of Binarycent’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Binary trading conditions are the main specification of Binarycent. The broker offers the Copy Trading tool and an affiliate program so that you can get passive income as you like it.
Copy Trading tool
This feature allows you to get income even if you have no trading experience. Just open an account, start the service for transactions copying, select traders, whose transactions are to be copied, and make a profit.
-
Quick registration.
-
Account replenishment for any amount starting from $250.
-
You can select one or several traders, whose transactions are to be copied.
In the personal account you have access to information on transactions, their profitability, and in case of an unsatisfactory result, you can change the list of traders to copy.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Binarycent affiliate program:
-
Referrals. To become a broker's partner, you have to open an account on the Binarycent website. Go to the Referrals section and click the "Refer a friend" button. After that, you become a referrer, which is a person who invites new clients to the company and gets a reward in the form of commissions for the referral. The Binarycent referral program allows referrers to earn up to 20% of the amount the referral (invited client) deposits into his account as a minimum deposit.
The broker provides its partners with around-the-clock support service and daily payments. To invite new customers, use an individual referral link, which you’ll get from a broker after registering in an affiliate program.
Trading Conditions for Binarycent Users
Binarycent provides traders with standard conditions for trading binary options. Forex and CFD assets are available among the instruments; you don’t need any additional applications to be installed, you can trade them directly from the browser or mobile devices. The broker is focused on cooperation with traders who are ready to invest from $250 to start trading. The minimum investment in trade is only 10 cents.
$250
Minimum
deposit
1:500
Leverage
24/7
Support
| 💻 Trading platform: | Binarycent's own web platform, and mobile app for iOS and Android |
|---|---|
| 📊 Account types: | Bronze, Silver, Gold, VIP |
| 💰 Account currency: | USD, EUR, CHF, MBT |
| 💵 Replenishment / Withdrawal: | Bank cards Visa, Visa Debit, Visa Electron, MasterCard, Maestro, bank transfer Wire Transfer, e-payment systems Neteller, Perfect Money, WebMoney, Bitcoin, Litecoin, Ethereum, Z Cash, Monero, Bitcoin Cash, Dash, Primecoin, Reddcoin |
| 🚀 Minimum deposit: | 250 USD |
| 📈️ Min Order: | Minimum investment is 10 cents |
| 🔧 Instruments: | Currency pairs, CFD |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Binary Options |
| 🎁 Contests and bonuses: | Yes |
Comparison of Binarycent with other Brokers
| Binarycent | Pocket Option | Binarium | Binary.com | QUOTEX | IqOption | |
| Trading platform |
Webterminal | MT5, Web, Mobile | Binarium | WebTrader, Mobile | Mobile MT4, Web platform, Browser platform | IQ Option |
| Min deposit | $250 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
currency | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | currency pairs / CFD, indices, Cryptocurrencies, Commodities | Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
| Signals | No | No | No | No | No | No |
| Analytical support |
No | No | No | Yes | No | Yes |
| Training | No | No | No | Yes | No | Yes |
| Additional tools |
Chat support, Copy Trading tool | Copy Trading tool | No | premature closing | No | premature closing |
Broker comparison table of trading instruments
| Binarycent | Pocket Option | Binarium | Binary.com | QUOTEX | IqOption | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | No | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes | Yes |
| CFD | Yes | No | No | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | No | Yes | Yes |
| Stock | Yes | No | Yes | No | No | Yes |
| ETF | No | No | No | No | No | Yes |
| Options | Yes | Yes | Yes | Yes | Yes | Yes |
Binarycent Commissions & Fees
Information
Traders Union have analyzed Binarycent trading conditions for trading and non-trading commissions. The commission for transactions is charged depending on the trading asset, there is no trading fee for replenishment or withdrawal of funds; but replenishment of the deposit using Visa and MasterCard bank cards, add a 5% fee to the trader. Hidden fees are not found.
| Account type | Spread (minimum value) | Withdrawal commission |
| Bronze | 1% per transaction amount | May be charged by payment systems |
| Silver | 1% per transaction amount | May be charged by payment systems |
| Gold | 1% per transaction amount | May be charged by payment systems |
| VIP | 1% per transaction amount | May be charged by payment systems |
The broker’s commission for transferring positions to the next day (swap) is 0.07%. We have compared the trading fees at Binarycent with those of its competitors. You can see the results of the analysis in the table below.
| Broker | Average commission | Level |
| Binarycent | $5 | High |
| Binary.com | $0 | Low |
| Binomo | $2 | Medium |
Detailed Review of Binarycent
Binarycent is a company offering the best conditions for trading binary options. To get started, you need only a very few minutes of idle moments: registration on the site takes about a minute, and funds are credited to a trading account instantly or within an hour, depending on the payment system. You can find additional information on binary options in the personal account in the form of video tutorials, and the intuitive interface will be a walk in the park even for novice traders.
A few figures that could be interesting for traders choosing a broker:
-
4 types of real accounts and 1 demo account are available for traders;
-
the minimum deposit is $250;
-
the maximum profit margin from the transaction is 95%;
-
the minimum amount to invest is 10 cents.
Binarycent is the optimal broker for professional binary options traders
Binarycent specializes in trading services for binary options. Trading conditions are designed preferably for professionals because the company has set a high level of the minimum deposit of $250. However, there is good news for novice traders who are ready to invest this amount to start trading: the minimum investment in a transaction is just 10 cents, and the bonus “First 3 risk-free trades" allows you to get compensation on the account if the first three transactions turn out to be unprofitable.
Trading at Binarycent is carried out on the company's proprietary web terminal. Just register on the broker's website and enter your personal account from any device connected to the Internet. There are also mobile apps for iOS and Android.
Useful Binarycent services:
-
FAQs. Here you can find detailed answers to all the frequently asked questions about account opening, security, bonuses, and trading.
Advantages:
1
simple and quick registration procedure (takes just a very few minutes);
2
the most common payment systems are used to replenish the account and withdraw funds;
3
there is a video with detailed instructions on binary options trading for novice traders.
How to Start Making Profits — Guide for Traders
There are 4 types of real accounts available at Binarycent. They differ in the amount of the minimum deposit and access to additional functions (web conference, “First 3 risk-free trades”, personal account manager, and Swiss payment card). Binarycent does not provide information on other trading conditions for different account holders.
Types of accounts:
Account Type
Description
Bronze
The minimum deposit is $250, funds are credited to a trading
account or a client's personal card within an hour;
Silver
The most popular account among Binarycent clients. The
minimum deposit is $500. Transactions are carried out within an hour, and there are a web
conference and a bonus "First 3 risk-free trades” among the additional functions;
Gold
The minimum deposit is $2.500, and all additional options
are available to the trader.
VIP
Minimum deposit amount for VIP account type is $50,000. +3% boost to Payout percentage on your trades. Deposit bonus of 200%, the highest bonus there is. Maximum trade size is $50,000 with 1000 maximum trades at a time. 500 free Rollovers for being VIP account holder, plus 10,000 extra Rollovers from your deposit amount. (Every $5 of your deposit equals to 1 free Rollover). TradeBack of 2%. and instant withdrawal time.
To verify the broker’s trading conditions without the risk of losing capital, you can use a free demo account.
Despite the variety of trading accounts, Binarycent is not focused on cooperation with novice traders, so there is an initial high minimum deposit of $250.
Bonuses Paid by the Broker
Welcome bonus.
this is automatically credited to the trader's account after the first deposit and can be used exclusively for trading. But the bonus expires if the trader has not made a fivefold turnover of the first deposit within 3 months. Also, the bonus usage affects the withdrawal procedure: to withdraw cash. You have to make a turnover of 300% of the deposit. You can refuse the welcome bonus by contacting the support service within three days after the account is replenished, but you cannot make any trading transactions during this time.
First 3 risk-free trades.
This bonus allows you to get financial compensation to the trading account if the first three trades are unprofitable. Apply to your account manager and obtain the approval of the conditions from him to participate in the program.
Investment Education Online
Information
The Binarycent broker affords traders with access to an online platform and trading tools, but there are no materials to help a novice trader to understand trading or for a professional to improve their skills. The only way to maximize knowledge is a live video chat with a manager, which is available for all types of accounts, or video tutorials available to registered users.
Information available in the Analysis and Education section
Information not available at Binarycent website
Educational video
Trader's glossary
Tutorial articles
Webinars and seminars
Educational literature for traders
We recommend using a free demo account first to verify your current level of knowledge and broker’s trading conditions.
Security (Protection for Investors)
Information
The Binarycent broker is not accredited or regulated by any of the authorities and that makes trading here risky.
The broker provides for data security through the use of SSL (secure sockets layer) technology, which encrypts customer data and protects it from hacking. The Binarycent broker keeps client funds in a European bank, and also it is verified by the Visa MasterCard Secure Code service.
👍 Advantages
- The broker is verified by Visa Inc. and Mastercard Inc.
- Using network data encryption protects traders' personal information
👎 Disadvantages
- There are no regulatory authorities
- No documents confirming the verification from Visa Inc. and Mastercard Inc.
Withdrawal Options and Fees
-
The broker processes trader’s requests for withdrawal of funds instantly; withdrawals via Perfect Money are carried out within an hour. There are no restrictions on the number of withdrawal requests; the minimum withdrawal amount is $50. There is no commission for withdrawals, but it can be charged by the external payment system.
-
You can replenish your account and withdraw money using Visa, Visa Debit, Visa Electron, MasterCard, Maestro bank cards, wire transfer, and electronic payment systems, such as: Neteller, Perfect Money, WebMoney, Bitcoin, Litecoin, Ethereum, Z Cash, Monaro, Bitcoin Cash, Dash, Primecoin, Reddcoin.
-
Financial transactions are carried out instantly using any payment system, except for Perfect Money as these payments are credited to the account within an hour.
-
Replenishment and withdrawals are available in three currencies: USD, EUR, GBP.
-
The user shall verify the account to replenish and withdraw money.
Customer Support Service
Information
The Binarycent support service is available twenty-four/seven and agents are always ready to help or answer your questions.
👍 Advantages
- Multilingual support
- You can get help at any time of day or night
- You can order a call back from a broker
👎 Disadvantages
- No training materials;
There are several ways to contact Customer support specialists:
-
call to phone numbers, as indicated on the website;
-
fill out the contact form;
-
use the “recall me” function;
-
by contacting through an online chat line;
You can apply for help from your personal account or directly from the broker's website; it is possible even without registration.
Contacts
| Foundation date | 2016 |
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
| Official site | binarycent.com |
| Contacts |
Email:
support@binarycent.com,
Phone: +1-8299476393, 61-8-5550-7288 |
Review of the Personal Cabinet of Binarycent
Register on the broker's website to start trading with Binarycent. Please find below the bit by bit instruction for Personal Account creating, as well as a tour of it.
1
Open the Traders Union website, follow the referral link to the broker's website and click the Register button to open a real account.
2
Fill in a short form with personal data. It is enough to indicate the full name, phone number, e-mail address, create a password, and click the Next button. Congrats! Now you are registered and have access to your personal account.
The personal account provides the trader with the following opportunities:
3
1. Replenishment. Here you can also withdraw funds and enter a promotional code.
2. Trading. You can trade directly from here, provided that you have made a minimum deposit.
1. Replenishment. Here you can also withdraw funds and enter a promotional code.
2. Trading. You can trade directly from here, provided that you have made a minimum deposit.
Moreover, here are the following sections within the personal account:
-
Promotions. Here you can choose which promotions you want to try;
-
Reports. This section includes the history of all your transactions;
-
Settings. You can set up a personal profile, change the password or contact support services;
-
My referrals. This section allows you to track the activity of traders you have invited to Binarycent as a member of the affiliate program.
Disclaimer:
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
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FAQs
Do reviews by traders influence the Binarycent rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Binarycent you need to go to the broker's profile.
How to leave a review about Binarycent on the Traders Union website?
To leave a review about Binarycent, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Binarycent on a non-Traders Union client?
Anyone can leave feedback about Binarycent on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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62% of retail investor accounts lose money when trading CFDs with this provider.
62% of retail investor accounts lose money when trading CFDs with this provider.