|Free Demo account||no|
|Regulation & licenses||IOM, MFSA|
|Accepted nationalities||EU: Only professional clients.
Canada: Only allows to sign up gaming account and trade on volatility products only.
Binary.com do not accept clients from Costa Rica, Hong Kong, Israel, Jersey, Malaysia, Malta, USA or any other restricted country which has been identified by the FATF.
|Expiry Times||You pick your own expiry time|
|Assets||60 stocks, 26 currency pairs, 3 commodities, 50 sectors and 29 indices|
|Number of Assets||100+|
|Account Currency||USD, GBP, EUR|
|Trading Software||custom-built platform|
|Deposit and Withdrawal Options||c.c, moneybookers, Wire Transfer, Skrill, CashU, OK Pay|
|24 Hours Support||Yes|
|Support During Weekends||yes|
|Customer Support Languages||English, Indonesian, French, Russian, Deutsch, Spanish, Portugal|
|Phone Number||>+44 (0) 1666 800042|
|Email Address||[email protected]|
“At the money” and Trading Platform Complaints
Some traders complain that trades at the money are lost, while on some brokers, the trade gets refunded. “At the money” means when the price is exactly the same as you entered, not over or under.
- “The only thing I really hate about this brokerage is that even trades are not refunded.”
- “Wow… their withdrawal process is very fast and timely. I made a withdrawal request and I must say that they are very fast at processing. The only flaw with their platform is the fact that when you are at the money you lose.”
- “What I like best about the Binary.com trading platform is that they give freedom for traders to pick their own expiry time.On the con side, they only go to 4 decimal places on the EUR/USD. For example, instead of listing the spots as, 1.39264, they will list it as 1.3926. This can be really bad because they do not return the money you invested if a Rise/Fall results in a tie. In other words you lose your investment on a tie.”
- “They’ve removed trading between 9-12 GMT time. You can no longer sell after placing a trade.”
Binary.com Support Complaints
There were some complaints about the support team — like that it takes some time to get a reply. There was a comment, for example, that said, “Not happy with the non-existent support.”
A common complaint about most binary options brokers is in the Terms & Conditions. And, as usual, no one reads the Terms & Conditions, especially the Bonus terms…
“Joined this website on Sunday after reading about it here. Managed to start with a £20 Promo bonus, which is the main reason I gave it a go. Up until now, I’m used to trading CFDs on InterTrader. I stuck all £20 in my first trade (playing the higher lower game on GBP/USD all in 15 mins). Well, what can I say? I started at 10 am today (Monday) and by 1 pm, I’d hit £624 and couldn’t trade any more. I had ‘hit the limit for trades with promo code, deposit some money to continue trading’ or something. So I’m currently attempting to withdraw my winnings (maybe to put back in or maybe to treat the girlfriend). Apparently it takes around 5 days so I’ll come back and let y’all know how it goes. *Fingers Crossed*
Update: Just a follow up to my previous post. I requested a withdrawal of £600 Monday night at around 11 pm, leaving £24, using WorldBT Transfer. Checked my bank today, Tuesday at 5 pm. Found they had already credited my account. Winner 🙂 Now, not sure whether to stick some back in and try again. Or I could keep it and put some into a CFD site or other Binary site, as you can get bonuses on your first deposit.”
These were the most important complaints about the Binary.com trading platform.
Major sources for IQ option complaints:
This broker provides solutions to amateur and professional traders internationally. Established in 1999, Binary.com is one of the oldest and most renowned companies. This broker was also the very first to introduce binary options trading to the world.
Binary.com offers special types of trading features. This includes six different types of platforms that you cannot find with any other broker. You can read details later on this review.
Binary.coalso m supports their customers through a helpful academy and live webinars.
Regulation Review of Binary.com
Binary.com is one of the oldest brokers in the financial market. This broker also holds multiple regulation licenses from around the world.
This broker is licensed and regulated in the United Kingdom. Their licenses come from the U.K. Gambling Commission, the Revenue Commissioners in Ireland, and the Gambling Supervision Commission. For the rest of the E.U., Binary.com is licensed and regulated by the Malta Financial Services Authority (MFSA). For betting services, this broker holds licenses for the Malta Gaming Authority (MGA).
Allowed and Forbidden Countries
Unfortunately, this broker’s services are not available in certain countries. Those countries include Costa Rica, Hong Kong, Israel, Jersey, Malaysia, Malta, USA or any other restricted country which has been identified by the FATF.
From European countries, only the professional clients are allowed. While from Canada, it allows only to sign up gaming account and trade on volatility products only.
Binary.com Review: Trading Platforms
Notably, what’s different about Binary.com is that the trading platform is their own property. In recent times, the broker’s trading platform has undergone some constructive changes.
The trading platforms are easy to use and come with sophisticated technologies for fast trading.
SmartTrader is a 100%-cloud-based trading platform, so no download is necessary. The SmartTrader features over 1000 financial instruments, including cryptocurrencies. Also, the platform comes with an array of unique trading tools. This includes highly visual candlestick charts and indicators.
In addition, the platform allows a trader to open a trading position from a live chart. That way, traders are able to leverage even the most short-lived trading opportunities. SmartTrader comes with a demo account that uses live price quotes for authentic experiences.
Similar to SmartTrader, WebTrader is available online, so no download is necessary. WebTrader is custom-tailored for binary options trading. Actually, it allows traders to design the interface, including charts and general arrangements.
Additionally, available assets can be traded with an extensive list of high-return options! These options include Touch Options, Call/Put, High/Low, 60 seconds, Long Term, and One Touch options.
WebTrader also comes with a wide array of charts and charting tools. To bypass the language barrier, the trading platform comes in 13 languages! Need a list? The European languages are English, German, French, Spanish, Polish, Portuguese, and Swedish. Other languages include Chinese, Arabic, Russian, Indonesian, Thai, and Japanese.
You can now automate your trading strategies with simple “drag-and-drop” bot creation tools.
Trading at Binary.com easier with their cutting-edge auto-trading platform. Unlike most preset trading bots, the Binary Bot can be customized to suit a trading profile. Some customizable parameters are trade entry/exit times, duration, and assets. You can define the time loop for the bot to continuously place trades within a set period of time. Using the bot is easy and does not require any prior trading knowledge.
This is one of my two favorite exclusive features of Binary.com. You can create your own strategies, but you can also find some online to download.
Here are the two most popular strategies you can design with the Binary Bot creator.
The first one:
I bet you have heard of Forex binaries, right? Well, Ladder lets you do seamless Forex binary option trades. The prices have specific price limits. If you select limits, a trade will end in the money if the expiry price is more than the strike price.
Ladder is more like an exclusive High/Low Option.
For over a decade now, Forex trading has been synonymous with MetaTrader. They are your go-to trading platforms if you are technical analysis-oriented. The platform comes pre-loaded with dozens of indicators and top-of the line charts.
To use the trading platform, you must download and install the application. Also, you must input login credentials, as given by Binary.com.
Binary Tick Trade App
The mobile platform lets you trade on the go, from anywhere around the world and around the clock.
If you already trade at Binary.com, you can choose from 3 option types: Up/Down, Touch/No Touch, In/Out. With this platform, you can trade stocks, commodities, indices, and Forex currencies.
Binary.com Demo Account
They now offer a practice virtual account with 10,000 credits. You enter your email address, and they send instructions to you.
Binary.com Review: Trading Signals
Binary.com offers weekly trading signals through videos, as you can see below. They have some success, as you can also see the many likes on most of the videos.
Under earlier management, Binary.com received some awful feedback for their payouts. Objections centered on how the payout ratio was never good enough. In recent times, the administration has made changes to payout ratios.
Now, the highest returns are above 100% when dealing with simple rise/fall contracts. Even better, they’re above 1000% on touch/no-touch and higher/lower trades.
As one of the oldest binary option brokers, Binary.com deals with 81 underlying assets. These assets vary from stocks to indices and Forex currencies to commodities. The asset list includes 34 Forex, 16 Index, 39 OTC Stocks, 5 Commodities, and 8 Volatility Indices.
Binary.com Deposit and Withdrawal Review
With Binary.com, I had so many options to perform my transactions! My options included bank wire/money transfers, credit/debit cards, e-wallets, and cryptocurrencies. Deposits and withdrawals are usually processed within 24 hours.
I would like to mention here that another broker that is similar to this one is Ayrex. However, Ayrex is not regulated. You can read my Ayrex review & complaints here.
Binary.com Review: Support and Services
Their customer support is friendly and knowledgeable, and getting an answer is fast. Binary.com appears to be much busier than other brokers but gives priority to customers. The education system leaves a lot to be desired.
Binary.com Trading Strategy
Is Binary.com a scam?
As Binary.com has been around since 1999, its reliability is very good. Many popular brokers have stopped their operations, like Stockpair. This one still stands, and it has stood for many years, which is a really good sign.
I haven’t had any problem at all with them. The platform has all good features for various functions. I also suggest using a dedicated browser for trading only.
Binary.com: Your Reviews
- Advanced and verities of trading platform
- Flexible trading conditions and Payment methods
- Huge assets index
- Trading on weekends
- Not very attractive home page
- No live chat support
- Academy is kind of their official blog, no proper training guidelines for traders
Be the first to leave a review.