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
- $5
- MT5
- Deriv Trader
- MFSA
- VFSC
- FSC BVI
- Labuan FSA
- There are cryptocurrency and robot trading
Our Evaluation of Binary.com
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
Binary.com is one of the top brokers in the financial market with the TU Overall Score of 9.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Binary.com clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
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.
Brief Look at Binary.com
Deriv (Binary.com) offers trading services with a focus on derivative products like binary options and CFDs. The company has a history that dates back to 1999 and is regulated by several entities including the Malta Financial Services Authority (MFSA).
The broker also offers competitive fees and a low minimum deposit, making it accessible to traders with varying budget sizes. Flexible trade duration varies from 1s to 365d.
Deriv Multipliers blend the potential gains of leveraged trading with the controlled risk associated with options. This trading type allows traders to increase their market exposure while managing risks with built-in features like stop-loss and take-profit orders. Multipliers provide a balance between high-risk trading and traditional instruments.
- 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.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
The broker Binary.com (Deriv) 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.
- You want access to a wide range of assets, spanning Forex, commodities, indices, and synthetic indices. Binary.com offers diverse options for traders interested in various markets, providing ample opportunities for portfolio diversification.
- You appreciate a user-friendly platform equipped with advanced features such as API access and algorithmic trading capabilities. These features enhance flexibility and enable traders to implement automated trading strategies effectively.
- You prioritize low minimum deposits and competitive fees. Binary.com offers favorable terms compared to other binary options brokers, making it accessible to traders with varying budget sizes while keeping trading costs competitive.
- You are seeking a traditional brokerage offering access to stocks, ETFs, or mutual funds. Binary.com primarily focuses on derivative products like binary options and contracts for difference (CFDs), catering to traders interested in speculative trading rather than traditional investment products.
Binary.com 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: | МТ5, Deriv Trader |
|---|---|
| 📊 Account types: | Demo, Standard |
| 💰 Account currency: | USD, EUR, GBP, AUD, BTC, ETH, LTC, BCH, UST |
| 💵 Deposit / 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 |
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.
Binary.com Key Parameters Evaluation
Video Review of Binary.com
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Trading Account Opening
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.
To log in, enter your email address and password. You can also use your Google or Facebook social media accounts.
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.
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:
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section for replenishment and withdrawal of funds;
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selection of a trading instrument;
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fresh analytical data;
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statistics of trading using robots;
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statistics on the effectiveness and profitability of affiliate programs;
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useful training information;
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current quotes;
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support service for professional advice.
Regulation and safety
Information
Several organizations act as regulators of the broker's activities, namely: Labuan Financial Services Authority (MB/18/0024), BVI Financial Services Commission (SIBA/L/18/1114), Vanuatu Financial Services Commission (303043), and Malta Financial Services Authority (IS/70156).
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
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Demo | From $0 | No |
| Standard | From $0 | No |
We also analyzed the trading commissions of Binary.com 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 | |
|
$17 | |
|
$1 |
Account types
Binary offers you a demo account to train and practice on and a real account. You may replenish it in US and Australian dollars, euros, and pounds. Also, you can replenish your trading account with cryptocurrencies, including: BTC, ETH, LTC, BCH, and UST.
Types of accounts:
For trading, Binary provides a classic MT5 trading terminal, as well as various platforms for trading options. There are also mobile applications. Also, the company offers a separate platform to create automated advisors and it allows you to use them.
Deposit and withdrawal
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The broker offers a variety of withdrawal options, including Visa, MasterCard, and Maestro bank cards, as well as bank transfers. Withdrawals to electronic wallets Skrill, Neteller, WebMoney, PayPal, Fasapay, Perfect Money, Paysafecard, Stickpay, and Airtm are available. You can also withdraw funds to cryptocurrency wallets Bitcoin, Litecoin, Ethereum, Tether.
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The processing time for a withdrawal request is: for a bank account: 1–3 working days; for bank cards, electronic and cryptocurrency wallets: 1 working day.
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The minimum and maximum amount for withdrawing funds to a bank account are from US$/GBP/EUR/AUD 500 to 100,000 for 1 transaction, depending on the selected service.
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You can withdraw from US$/GBP/EURO/AUD 10 to 10,000 to bank cards for 1 transaction.
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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.
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The minimum withdrawal amount for cryptocurrency wallets is: 0.0028 - Bitcoin; 0.025 – Ethereum; 0.12 - Litecoin; and 25 - Tether.
Investment Options
Binary.com 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.
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.
Binary.com affiliate program
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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.
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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.
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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.
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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.
Customer support
Information
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:
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directly by phone numbers indicated on its website;
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via email;
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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.
Contacts
| Foundation date | 1999 |
|---|---|
| Registration address | W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta |
| Regulation |
MFSA, VFSC, FSC BVI, Labuan FSA
Licence number: IS/70156, 14556, SIBA/L/18/1114, MB/18/0024 |
| Official site | binary.com |
| Contacts |
8-10-8002-8553011
|
Education
Information
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.
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.
Comparison of Binary.com with other Brokers
| Binary.com | Pocket Option | Binarium | QUOTEX | Binolla | Binomo | |
| Trading platform |
Deriv Trader, MT5 | MT5, Web, Mobile | Binarium | Web platform, Browser platform | Binolla's mobile apps, Web platform | Browser platform |
| Min deposit | $5 | $5 | $5 | $10 | $10 | $10 |
| Trading instruments |
indexes, Forex, goods, stock, random index | currency | indexes, Currencies, Cryptocurrencies | currency pairs / CFD, indices, Cryptocurrencies, Commodities | Currency pairs | indexes, stock, currency pairs / CFD, goods |
| Signals | No | No | No | Yes | No | Yes |
| Analytical support |
Yes | No | No | No | No | Yes |
| Training | Yes | No | No | No | No | Yes |
| Additional tools |
premature closing | Copy Trading tool | No | No | No | No |
Detailed Review of Binary.com (Deriv)
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.
Binary.com 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 Binary.com 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:
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TradingView - charts and technical analysis of the market. The charting platform features a variety of indicators, overlay tools, and price ranges;
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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.
Advantages:
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.
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