Review 2021 Review 2021
Davis J.
Robertson A.
March 2021


in rating

Trading terminals:

MT5 Deriv
SmartTrader Tick Trade
WebTrader from Binary Binary Bot

Position in rating

Overall rating

Trading terminals:

MT5 Deriv
SmartTrader Tick Trade
WebTrader from Binary Binary Bot

Summary of Trading Company is one of the first brokers to offer binary options trading. The company was founded in 1999. Since then, despite the riskiness of options trading, it has not lost its popularity. However, the broker can trade not only binary instruments, but also currency pairs, cryptocurrencies, as well as raw materials, metals, stock, and synthetic indices, and futures. The Binary brokerage company is controlled by the regulators of Malta, Malaysia, Great Britain, and Vanuatu. This ensures the safety of traders' funds and the ability to resolve controversial issues quickly if any arise.

💰 Account currency: USD, EUR, GBP, AUD, BTC, ETH, LTC, BCH, UST
🚀 Minimum deposit: USD/EUR/GBP/AUD 5
🔧 Instruments: Binary options, Lookback options, Currency pairs & CFDs, Metals, Futures

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with

  • extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
  • the minimum amount for replenishing and opening a bid is $5 and $1, respectively.

👎 Disadvantages of

  • online chat for support is not available on the company's website;
  • no cent account;
  • sometimes there are platform failures;
  • there is no trust management accounts;
  • sometimes there are delays in the withdrawal of funds;
  • some clients have difficulties with the registration process;
  • sometimes technical support takes a long time to respond.


Binary is the right broker for those who appreciate a variety of financial instruments. Due to the low minimum deposit, the company is suitable for novice traders who do not want to risk large amounts of money.


Geographic Distribution of Traders Latest Comments for 2021


Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

In general, I have practically no complaints about this broker. In the binary options market, Binary is one of the most respected brokers. I am very glad that the minimum initial deposit is only five dollars, and therefore it will be profitable even for a beginner to work with it. I also liked that trading using robots is available. Of the shortcomings, I would note the fact that depositing and withdrawing money is a rather lengthy process. Each time you withdraw money, you have to send scans of additional documents. Fastest Skrill and Neteller deposits.

I started trading with this broker recently. I can say that Binary’s trading conditions are some of the best among all binary options brokers. Some contracts provide for 100% payment (!), which is very impressive. I liked the variety of contracts and trading instruments, as well as the $1 minimum trade size. The only drawback I would point out is the trading platform freezes sometimes. From time to time, profitable deals “fly off” on the terminal. Otherwise, it is a decent broker.

I started trading binary options recently and Binary was my first broker. Before that, I searched for online information for a long time and read reviews of professionals. As a result, the decisive factor was the fact that this broker has been on the market for over twenty years. It was also important to me that the size of the minimum deposit was small. And with this, the broker is doing great: you can start trading with only five dollars in your account. Also, I would like to note round-the-clock multilingual support. I haven't noticed any particular flaws yet. The only thing is that the trading platform itself periodically freezes.

For the entire time of working with Binary, I still do not understand why this broker is considered one of the best on the market. As for me, the broker has fairly standard conditions, which is confirmed by the presence of only one type of account. There are no cent accounts. There is no trust management option either. But all this could be forgiven if not for the withdrawal procedure. During withdrawals, you have to scan and send a bunch of additional documents. But even after that, the money can be withheld for a week. My record is 10 days! Therefore, it is better to think twice about whether it is worth choosing this broker.

This broker is definitely not for me! Despite several rather favorable trading conditions, the number of negative issues prevails over positive ones. As an experienced broker, I will say that the most important thing for me is the convenience and speed of withdrawal of funds. And this is definitely not Binary's strongest point. On average, withdrawals take three business days. But more often even five. And worst of all, the broker very often requires additional verification documents. Plus, the broker's financial regulators don't inspire much confidence either.

I have been trading for over five years. I periodically test new brokers. Regarding, I can say that it is a pretty good broker. On the positive side, I can single out a low level of the minimum deposit, a convenient website, and the ability to trade with robots. Also, the broker has been in the market for more than 20 years, and that says a lot. As for the negative aspects, there’s the unstable operation of the trading platform and some difficulties with withdrawing money. But my conclusion is the following: you can earn money with this broker unless of course, you treat binary options as a casino.

I have been working with Binary for almost two years. There are no particular complaints. For me, the main thing is the percentage of payments. And this broker is all right about it. Yes, and in general, trading conditions are the most decent among binary brokers. Also, the broker does not restrict the use of robots, which is very important for me. Naturally, there are some drawbacks, the main ones are the lack of bonus and trust management programs like PAMM accounts. But for me, this is not a decisive factor.

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Video Review of

Expert Review of

The broker is recognized by the members of our Union as a stable company that provides clients with favorable conditions for trading currency pairs, futures, and options.

After twenty years of working in the market, the broker has established itself as a reliable partner providing traders with ample opportunities for earning money.

The company allows its clients to open a free demo account that will allow them to practice trading. There is one real account with this broker (the minimum deposit amount is five dollars). However, different platforms suggest trading different financial instruments. Thanks to this, the client can easily choose the optimal trading strategy and trading instrument based on his own requirements. All traders working with a brokerage company are protected from a negative balance.

Considering the above mentioned, we can conclude that Binary is suitable not only for experienced traders but also for newcomers. Low entry threshold and a variety of trading terminals attract customers. The broker has been a partner of Traders Union for several years and there have been no significant claims made to the work of the company within this time. If there were any disagreements, they were resolved quickly with maximum benefits in favor of the client.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Binary Broker


Overall rating



Execution of orders



Investment instruments



Withdrawal speed



Customer Support work



Variety of instruments



Trading platform

Dynamics of the Popularity of
in 2020 among the Users of the Traders Union

Logo TU
Top 3
Top 5
Top 10
Top 20
Top 40
Top 100
Top 100+

Investment Programs, Available Markets and Products of the Broker is a suitable broker for those who prefer to trade not only manually but also using robots. However, the company does not provide investment programs. But their unavailability is more than compensated for by the possibility of trading binary options, CFDs, and currency pairs.

Also, the brokerage company offers highly profitable affiliate programs. With their help, novice brokers, as well as influencers and traders, can receive additional income.


If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits. affiliate program

  • Affiliate. A classic program for many companies. It allows you to earn up to 45% of the commission from the broker's total net profit received from attracted clients. For each attracted trader who followed the affiliate link and deposited at least $100 in a real account, the affiliate receives $100 in commission. It should be noted that CPA rewards are available only for residents of EU countries.

  • Introducing the broker. The representative of the company receives daily payments - a commission from the trading operations of the clients he attracted. Traders should use the MetaTrader 5 terminal, which can be downloaded from the company's website.

  • Paying agent. This affiliate program is suitable for exchange offices and electronic payment systems. In this case, the company does not pay a commission to the agent, but the agent earns from the broker's client flow.

  • Security check. This program is perfect for testers to identify the vulnerabilities in the security of the company's products, the broker pays a reward in the amount of up to $1000. Of course, you need to confirm that you found the flaw.

The terms of affiliate programs provided by the Binary brokerage company allow traders and others to choose the best option for cooperation and form their own referral system. Thanks to this, you can provide yourself with additional income.

It is also interesting that the broker opens all the doors to developers who can create trading interfaces and applications that interact with the Binary system.

Rebate and Discount Programs of the Traders Union for

For each trade in, the Traders Union will pay you a rebate in the form of a return from a part of the broker's net profit, which you can withdraw immediately without restrictions.

For a Binary trader (client), this will not change anything. It will trade, deposit, and withdraw funds in the same way as without the Traders Union. The only difference is that with the Traders Union the client (you) will receive additional payments.


Binary will pay 20% of its net profit to Traders Union. The clients of the Union will receive 80% of this amount.

Example. A trader opens 1 trade every 3 days. In total, it opens 10 orders per month. The commission for one full-fledged lot is $10, and for 10 trades the trader pays the broker a commission of $100. If the trader works with through Traders Union, then TU returns part of this amount, namely 80% of 20% of the broker's profit, back to himself — $100 x 0.2 x 0.8 = $16 — the amount of additional payment from the Traders Union back to you, the trader.

Try it!  Try it!

Trading Conditions for Users

The brokerage company Binary is characterized by quite attractive trading conditions for traders living worldwide. First of all, it is worth noting that the minimum transaction volume is $1. The minimum deposit is only $5.





MT5 Deriv
SmartTrader Tick Trade
WebTrader from Binary Binary Bot
💻 Trading platform: МТ5, Deriv, SmartTrader, Tick Trade, WebTrader from Binary, Binary Bot
📊 Account types: Demo, Standard
💰 Account currency: USD, EUR, GBP, AUD, BTC, ETH, LTC, BCH, UST
💵 Replenishment/Withdrawal: Visa, MasterCard, Maestro, bank transfer, e-wallets Skrill, Neteller, WebMoney, PayPal, Fasapay, Perfect Money, Paysafecard, Jeton, Stickpay, Airtm, cryptocurrency wallets Bitcoin, Litecoin, Ethereum, Tether
🚀 Minimum deposit: USD/EUR/GBP/AUD 5
📈️ Min Order: $1
🔧 Instruments: Binary options, Lookback options, Currency pairs & CFDs, Metals, Futures
📱 Mobile trading: Yes
➕ Affiliate program: Yes
⭐ Trading features: There are cryptocurrency and robot trading
🎁 Contests and bonuses: No

Comparison of with other Brokers IqOption ExpertOption Binomo Corsa Capital OlympTrade
Webterminal IQ Option Digital-options private trading terminal WebTrader Webterminal
Min deposit $5 $10 $50 $10 $1 $10
indexes, Forex, goods, stock, random index Forex, goods, indexes, stock no indexes, stock, currency pairs / CFD, goods indexes, stock, Forex, tick options, futures binary options currency pairs / CFD, oil, BRENT grades, gold, silver
Signals No Yes No Yes No Yes
Yes Yes No Yes Yes Yes
Training Yes Yes No Yes Yes Yes
premature closing Return of the fixed percent from deal at the unsuccessful forecast No No Cancelling of an option prior to the beginning of its action Cancelling of an option prior to the beginning of its action

Broker comparison table of trading instruments IqOption ExpertOption Binomo Corsa Capital OlympTrade
Forex Yes Yes No No Yes Yes
Metalls Yes Yes No No Yes Yes
Crypto No No No No No Yes
CFD Yes Yes No No Yes No
indexes No No No No No Yes
Stock No No No No No Yes
ETF No No No No No Yes
Options Yes Yes Yes Yes No Yes Commissions & Fees


The broker has been checked by our analysts for trading and non-trading commissions. The funds charged by the broker from each open trade were considered as a trading commission, and additional fees for withdrawing funds were considered in the category of non-trading commissions.

Account type Spread (minimum value) Withdrawal commission
Demo From $0 No
Standard From $0 No

We also analyzed the trading commissions of and compared them with its competitors. Based on this analysis, each brokerage company was assigned a level: low, medium, or high.

Broker Average commission Level $0 Low
IqOption $17 High
Nadex $1 Medium

Binary offers fairly low trading commissions, which can be partially offset by rebates from Traders Union.

Detailed Review of

Binary is a fairly popular company that provides services in the options and Forex markets around the world. The broker has over 20 years of experience. Binary approaches the tasks entrusted to it responsibly.

The company offers clients different financial instruments. So, you can trade options, currency pairs, indices, and raw materials round-the-clock. A wide range of trading terminals allows you to choose a convenient option for a trader's specific purposes. In addition to the classic MetaTrader 5, the broker makes it possible to use separate platforms for robotic trading, as well as options trading. Mobile versions of terminals are also provided. A variety of analytical tools, including proprietary options, for predicting price movements also attracts clients.

The broker’s activity is controlled by several regulators: the Labuan Financial Services Authority, the British Virgin Islands Financial Services Commission, the Vanuatu Financial Services Commission, and the Malta Financial Services Authority. is the best choice for novice and experienced traders

Binary provides clients with a large set of functionality and combines reliability and manufacturability. The broker offers introductory sections that allow you to navigate the trading of currency pairs, futures contracts, and options. The client of the company can open a free demo account for trading virtual funds, as well as a real account, the minimum deposit of which is $5 or 5 units of any other replenishment currency.

The broker is suitable for traders who trade following different types of strategies. Aggressive manual and automatic trading by robots are allowed, as well as calm intraday, medium, and long-term algorithms. Fast order execution is another advantage of the company.

Traders working with Binary can use both the popular MetaTrader 5 terminal (it is suitable for trading currency pairs and CFDs) and other platforms. For example, several terminals are available for options trading, as well as separate software for the application and creation of automated trading systems. There are also mobile versions of most platforms.

Analytical services:

  • TradingView - charts and technical analysis of the market. The charting platform features a variety of indicators, overlay tools, and price ranges;

  • SmartCharts is an interactive charting tool. A fast and intuitive interface allows you to visualize the situation in the financial market and build a forecast.



has been in the Forex market for over 20 years and is controlled by several regulators;


good trading conditions: the minimum deposit is 5 units of the replenishment currency, and the minimum order amount is $1;


wide range of financial instruments: you can trade options, futures, metals, currency pairs, and cryptocurrency;


there are educational materials for an introduction to trading with basic tools;


robotic trading is available and allows you to open and close positions automatically 24/5;


payout over 100% on simple options contracts. Prices rise and fall;


Profit over 1000% on Above / Below contracts, and Touch / No-touch.

How to Start Making Profits — Guide for Traders

Binary offers you a demo account to train and practice on and a real account. You may replenish it in US and Australian dollars, euros, and pounds. Also, you can replenish your trading account with cryptocurrencies, including: BTC, ETH, LTC, BCH, and UST.

Types of accounts:

Account Type
Trading is carried out with virtual funds. The account is suitable for training, strategy testing, and practice;
It opens onto the real market. The broker recommends choosing a trading terminal, depending on the financial instrument and trading strategy. The minimum deposit amount is 5 units of the deposit currency (for example, US$5) and the minimum trade amount is 1 unit. It is also worth noting that trades can be opened for a period from 10 seconds to 365 days.

For trading, Binary provides a classic MT5 trading terminal, as well as various platforms for trading options. There are also mobile applications. Also, the company offers a separate platform to create automated advisors and it allows you to use them.

Bonuses Paid by the Broker

At the moment, the brokerage company Binary does not offer any bonuses and contests.

Bonus from Traders Union.

You can save even more money by using the spread compensation service thanks to the partnership between the Traders Union rebate service and PaxForex. Sign up takes only 15 minutes. Register on the Traders Union website for free, and open a real account with PaxForex broker using the affiliate link on the Traders Union website, then complete the verification and get a rebate from Traders Union on the spread for each lot bid on the account. Existing clients of the broker can also get a rebate. Our support service will direct you.

Investment Education Online


The Binary website has an educational section where you can get the information you need to trade options, currency pairs, and futures contracts, as well as metals successfully.

Information available in the Analysis and Education section
Information not available at the site
What are fixed-pay options and simple choice: yes / no
There is no detailed analysis of each question in the articles on the site
Types of contracts and lookback options
No fundamental analysis
No technical analysis
How to trade Binary Options and Lookback Options
What is Forex trading, what is CFD
How to trade on Forex, how to trade CFDs and metals
Margin calculation policy on Forex, Metals, and CFD
Forex, Metals and CFD instruments specification

To use in practice the knowledge that the trader received on the Binary website, the experts of the brokerage company recommend opening a demo account. Training on a free practice account will give novice traders the experience and skills to trade on a real account.

Security (Protection for Investors)


Several organizations act as regulators of the broker's activities, namely: Labuan Financial Services Authority, BVI Financial Services Commission, Vanuatu Financial Services Commission (VFSC), and Malta Financial Services Authority.

Thus, the company carries out financial activities following the regulations and requirements of the regulators. This means that the rights and obligations of both the broker and its clients are clearly defined. The settlement of disputes and the safety of clients' funds are also guaranteed.

👍 Advantages

  • Client funds are held separately and are not available for use by the broker
  • Controversial issues are resolved with the involvement of an independent arbitrator
  • The rights and obligations of the client, as well as the broker are written in the Agreement

👎 Disadvantages

  • Regulators do not consider claims of private traders who trade in small amounts

Withdrawal Options and Fees

  • The broker offers a variety of withdrawal options, including Visa, MasterCard, and Maestro bank cards, as well as bank transfers. Withdrawals to electronic wallets Skrill, Neteller, WebMoney, PayPal, Fasapay, Perfect Money, Paysafecard, Stickpay, and Airtm are available. You can also withdraw funds to cryptocurrency wallets Bitcoin, Litecoin, Ethereum, Tether.

  • The processing time for a withdrawal request is: for a bank account: 1–3 working days; for bank cards, electronic and cryptocurrency wallets: 1 working day.

  • The minimum and maximum amount for withdrawing funds to a bank account are from US$/GBP/EUR/AUD 500 to 100,000 for 1 transaction, depending on the selected service.

  • You can withdraw from US$/GBP/EURO/AUD 10 to 10,000 to bank cards for 1 transaction.

  • You can withdraw to electronic wallets Skrill, Neteller, WebMoney, PayPal, Fasapay, Perfect Money, and Stickpay. You can withdraw from 5 to 10,000 units of the currency supported by the wallet at any time. On Paysafecard: 5 - 750 units of the currency supported by the e-wallet, or Airtm: US$5 - 2500.

  • The minimum withdrawal amount for cryptocurrency wallets is: 0.0028 - Bitcoin; 0.025 – Ethereum; 0.12 - Litecoin; and 25 - Tether.

Customer Support Service


The company's support service is ready to answer customer questions 24/5.

👍 Advantages

  • Multilingual support
  • The site has a section with answers to the most popular questions
  • Works 24/7

👎 Disadvantages

  • Few options for communication

There are several ways to contact support:

  • directly by phone numbers indicated on its website;

  • via email;

  • by sending a request on the broker's website in the "Help" section.

Support is available from the Binary website and from your personal account.


Registration address W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta
Official site

Review of the Personal Cabinet of

To make it easier for you to start cooperating with this binary broker, we suggest that you learn the following information:


You can enter your Binary account from the broker's home page. To do this, you just need to press the corresponding button. Review - Account Review - Account Review - Account

To log in, enter your email address and password. You can also use your Google or Facebook social media accounts. Review - Log in Review - Log in

If you have not opened an account with a broker yet, go through the previous steps, but instead of your email and password, click on "Create it now". You must enter an email address to open a free account. You can download the terminal of your choice and start trading in virtual funds. Review - Create free account Review - Create free account

You can open a real trading account in your personal account, which will be provided to you after registering your demo account. Verification of personal data will also be required.

In your personal account on the Binary website you will find a:

  • section for replenishment and withdrawal of funds;

  • selection of a trading instrument;

  • fresh analytical data;

  • statistics of trading using robots;

  • statistics on the effectiveness and profitability of affiliate programs;

  • useful training information;

  • current quotes;

  • support service for professional advice.

Tags: binary binary com

The Oldest Reviews of the

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders. has both its pros and cons. Withdrawal of money from the account takes place without commission, but the operation can last up to two weeks. Transactions involving the transfer of money to cards are especially difficult. You constantly have to send additional verification documents and write requests to customer support. But on the other hand, the broker can boast of high interest on payments, and a very convenient and informative site. Also, the broker has several types of profitable affiliate programs that can provide you with additional passive income.

I traded for about six months with Binary. Perhaps I would have continued, if not for their trading platform. Well, it's just impossible to work. The trading terminal freezes almost every two to three hours. Moreover, this problem arises for many others not only for me. Also, I really did not like the constant delays in the withdrawal of money. The technical support says that these are security requirements, but I have never seen this from any broker. All in all, Binary is clearly not the best binary options broker on the market.

Binary was one of the first in the binary broker market. I heard about it first and started trading with it. In the beginning, it was certainly difficult. Still, binary options are quite different from the Forex market. The first six months I traded almost at zero, but soon something great happened. And then I was able to fully appreciate the entire extensive and useful analytical "arsenal" on the broker's website. I have no complaints about the broker. Several times, for the sake of interest, I looked at what other brokers offered, and came to the conclusion that Binary has the most favorable trading conditions for me.

Binary is quite a good broker for those traders who like to experiment with different expiration times and options. As for me, I mostly use 90 seconds and sometimes try options for several hours. There are many trading instruments, and the percentage of payments is also very decent. The broker itself has been in the market for quite a long time, so there were no questions about security. Overall, I would rate the broker a four-plus out of 5. I would like to point out its profitable affiliate program.

Based on my experience, I will say that the best time to trade binary options is from 5 am to 7 am. There will almost be no news and volatility will be subsiding. Every day, I make about 8-10 trades on short-term options. The yield curve is slowly but surely going up. I have been trading with Binary for over a year and so far I like everything. There are, of course, some complaints about the operation of the terminal, but these are all trifles. Therefore, to sum up, I will say that is a worthy binary options broker that is suitable for both beginners and professionals.

Many traders write that binary options are a scam. My opinion: either these traders do not know how to trade, or they came across fraudulent brokers. As far as is concerned, their twenty years of experience in the binary options market speaks for itself. I have been trading with them for more than eight months, and the deposit is growing steadily (albeit slowly). I have no particular complaints about the broker. Binary's only weakness is its trading platform. From time to time the terminal freezes and you have to restart it. But as for the rest, everything suits me.

I will share my experience of working with this broker. I dispersed the deposit on Binary from $200 to $3,000. I decided to withdraw it. I put it to the withdrawal and there it began. First, they asked for proof of place of residence. I sent it. Several days passed, and then they asked me to send several additional documents. I sent them out again; and again I had to wait several days. As a result, the withdrawal process took me almost two weeks. I withdrew the money, but the residue remained. If this happens with every withdrawal, then I will look for a new broker.

Author of this Review broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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Do reviews by traders influence the rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about you need to go to the broker's profile.

How to leave a review about on the Traders Union website?

To leave a review about, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about on a non-Traders Union client?

Anyone can leave feedback about on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.