According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- Webterminal
- Binarycent Web platform
- Binary Options
Our Evaluation of Binarycent
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Binarycent is a reliable broker with the TU Overall Score of 7.16 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 believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
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.
Brief Look at Binarycent
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.
- quick and easy registration procedure;
- quick withdrawal of funds in any convenient way.
- 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;
TU Expert Advice
Financial expert and analyst at Traders Union
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.
Binarycent Summary
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.
| 💻 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 |
| 💵 Deposit / 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 |
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.
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Trading Account Opening
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.
Open the Traders Union website, follow the referral link to the broker's website and click the Register button to open a real account.
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:
Moreover, here are the following sections within the personal account:
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Promotions. Here you can choose which promotions you want to try;
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Reports. This section includes the history of all your transactions;
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Settings. You can set up a personal profile, change the password or contact support services;
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My referrals. This section allows you to track the activity of traders you have invited to Binarycent as a member of the affiliate program.
Regulation and safety
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.
Commissions and fees
| 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 |
|---|---|---|
|
$5 | |
|
$0 | |
|
$2 |
Account types
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:
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.
Deposit and withdrawal
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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.
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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.
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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.
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Replenishment and withdrawals are available in three currencies: USD, EUR, GBP.
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The user shall verify the account to replenish and withdraw money.
Investment Options
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.
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Quick registration.
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Account replenishment for any amount starting from $250.
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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:
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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.
Customer support
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:
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call to phone numbers, as indicated on the website;
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fill out the contact form;
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use the “recall me” function;
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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 |
+1-8299476393, 61-8-5550-7288
|
Education
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.
We recommend using a free demo account first to verify your current level of knowledge and broker’s trading conditions.
Comparison of Binarycent with other Brokers
| Binarycent | Pocket Option | Binarium | Binary.com | OlympTrade | BinBot Pro | |
| Trading platform |
Webterminal | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Proprietary platform, Web, Mobile | RaceOption, Videforex, IQcent, Binarycent |
| Min deposit | $250 | $5 | $5 | $5 | $10 | $250 |
| Trading instruments |
currency | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Co | Binary options (fiat currencies and cryptocurrencies) |
| Signals | No | No | No | No | Yes | No |
| Analytical support |
No | No | No | Yes | Yes | No |
| Training | No | No | No | Yes | Yes | No |
| Additional tools |
Chat support, Copy Trading tool | Copy Trading tool | No | premature closing | No | No |
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:
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4 types of real accounts and 1 demo account are available for traders;
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the minimum deposit is $250;
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the maximum profit margin from the transaction is 95%;
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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:
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FAQs. Here you can find detailed answers to all the frequently asked questions about account opening, security, bonuses, and trading.
Advantages:
simple and quick registration procedure (takes just a very few minutes);
the most common payment systems are used to replenish the account and withdraw funds;
there is a video with detailed instructions on binary options trading for novice traders.
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