Binary.com Review

Binary.com
No Bonus
Visit Broker

Overview

Binary.com may be new, however in name only as they have been offering binary options since 2000 under the name BetOnMarkets. This makes them one of the oldest players in… more

Read Full Review

Details

Broker Binary.com
Website URL www.binary.com
Headquarters Channel Islands
Support Number 44 (0) 20 3239 2211
Support Types Skype , Live chat , Email , Telephone
Trading Platform Propietary
Minimum 1st Deposit $5
Minimum Trade Amount $5
Maximum Trade Amount $350,000
Bonus No Bonus
Payout Up to 85%
Free Demo Account Yes
Regulated Yes
Regulation Regulated by Lotteries and Gambling Authority of Malta, license no. LGA/CL2/118/2000.
Deposit Methods Bank wire , Credit/Debit Card , Neteller , Skrill , Hundreds more
Withdrawal Methods Bank wire , Credit/Debit Card , Neteller , Skrill , Others
Number of Assets 173
Expiry Times All durations: from 10 seconds to 365 days.
Types of Assets Forex, Indices , Stocks , Commodities , Randoms , Smart Markets
Option Types Up/Down , Touch/No Touch , In/Out , Tick Trades , Rise/Fall , Higher/Lower
Account Currency USD , EUR , GBP , AUD
US Traders Allowed No
Overall Score 9

Pros

  • Smart Markets
  • Licensed by the UK Gambling Commission
  • Demo Account

Cons

  • 24/7 chat not always available

Full Review

Binary.com may be new, however in name only as they have been offering binary options since 2000 under the name BetOnMarkets. This makes them one of the oldest players in the game, and the experience does show, as the site has one of the best trading offerings for both the new and experienced trader.

For ‘serious’ or experienced traders the platform is very user friendly with more options than most. Tick Trades are available, but for the serious chart watcher trades can be be held open for up to months, and you can set duration manually as opposed to choosing from a predefined drop list. Trade types are also numerous allowing for various trading styles and development of strategies, plus there is a very high cap for high rollers of $350,000.

It is however a very flexible platform that is also suitable for new traders. A demo account is available with 10K of virtual funds to help the newbie get to grips with both the platform and learning how to trade. For the beginner who opens a live account there are self exclusion tools so they can aid their money management, this is obviously a good tool for experienced traders to use as a safety net as well.

Unlike many binary sites information is very easy to find via the extensive links on the site footer. They have an education section that includes webinars. They are regulated by the Lotteries and Gambling Authority of Malta, however, more importantly they are licensed by the UK Gambling Commission and are not a fly by night operation, so your money will be in relatively safe hands.

Their USP is that they are “The easiest way to get started in the financial markets” and in that sense they do what they say on the tin. The platform is very user friendly, in fact there isn’t really any room for improvement. They have several charts to choose from, but anyone new to the game should be learning how to use these charts before they open a live account. No amount of great features will stop you from being parted from your money if you have no idea what you are doing.

Overall, the site is suitable for both new and experienced binary traders, and for those who are merely taking a gamble without any real knowledge of how markets move at least you’re betting on established and licensed site. The minor downside is we have heard reports of poor customer support, but then again at least they have a very clear disputes policy. Overall, this is probably one of the better binary sites out there.

Visit Broker