Binary.com Review – trading strategy, app and bonus info

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Binary.com

Binary.com (formerly BetOnMarkets.com) is an award winning fixed odds financial betting broker that is based in the Isle of Man and Malta. The platform is owned and operated by the Regent Markets Group with extensive business interests in the Asian Pacific region. Operating as an online gambling platform, binary.com is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission as well as the by the Lotteries and Gaming Authority in Malta. The reason why there are two operational bases is because the broker uses different corporate vehicles to serve clients in the European Union market and U.K’s market.

This global approach is reflected in their new Bitcoin account. It allows traders to fund an account (and trade) using Bitcoin cryptocurrency. At present however, the account is only open to non-EU account holders. Payment methods have also been expanded to include Ethereum and Litecoin as the firm embrace blockchain technology and established cryptos.

Trading Platform

At first glance, one can see that the trading platform offered by Binary.com is quite unlike all the other platforms normally seen with other binary brokers. For one thing, the interface is deceptively simple. All the basic functionalities are there. There is actually really nothing extraordinary with Binary.com’s platform until you scroll further down…it’s a different picture entirely. We were pleasantly surprised to find that this platform offers such a comprehensive charting feature for their platform.

In addition, traders have the option to obtain the list of daily prices and intraday prices from the tabs located just below the main trading platform. The prices displayed are quite detailed show even the percentage change on the right side of the price quotes.

Charts

As mentioned earlier, one unique feature about Binary.com trading platform is the charts they provide. Traders can choose between the different types of displays available:

  • Line Charts
  • Interactive Charts
  • Pop-up Charts
  • Legacy Charts

As Binary.com is not your typical binary options broker, the types of trading contracts they offer differ slightly from mainstream binary contracts. For example, traders can choose from:

Traders will decide if the expiry price will RISE or FALL from its current spot price.

Traders will decide if prices will end up HIGHER or LOWER than a predetermined price target.

Payout is made when prices Trade TOUCH or NOT TOUCH a predetermined price target during duration of the contract.

The aim is to see if prices will be IN between or OUT of two price targets.

Similar to 60 seconds options, traders here decide which way the market will go in 5 ticks of price movements. Tick Trades are further classified into:

  • Up/Down Trades
  • Lucky 10 Digits
  • Quick 10%

Demo & Trading Accounts

One great thing about Binary.com is the fact that they let would be clients try out their platform with a demo account with $10,000 virtual money. This is not something you find often with other binary brokers. Most other brokers will require that you login and place a deposit first before they let you access their trading platform.

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Once a trader decided that he wants to open a live trading account with binary.com, all he has to do is to fill up the registration form, login, and place a very small minimum initial deposit of $/£/€ 5.

Trading Software Features

The payout ratios at binary.com vary from around 60% to 110% depending on the contract types. The exact payout can be seen the right side of the trading platform. Traders should that note that the ratio changes constantly according to the market fluctuation.

The list of asset available is truly wide ranging. Traders can choose from Forex, Commodities, Stocks, Indices and the Random Index and Quotidians Market. To get an idea of what is on offer; readers can visit their website to view the full list.

Customer support is available 24 hours a day from Monday to Friday. Basically, traders can choose from emailing them, calling them or requesting a call back.

Contact telephone numbers are region specific. If you check the ‘Contact Us’ page, the number for you region will be displayed.

Because Binary.com is operating as an online gaming platform, they are currently being regulated by the gaming regulatory authorities in Malta and the Isle of Man. However, this is likely to change in the near future as Malta is currently looking to regulate the trading of binary options on the island. So before that happens, traders have to rely on the gaming authorities to protect their legal rights.

Nevertheless, one has to remember that Binary.com is part of a multinational conglomerate so it is unlikely that they will do anything illegal to jeopardise their corporate image.

Mobile App

The mobile app is another very strong offering. As with the rest of the trading experience, the app retains the binary.com look and feel. The unique trading platform stays the same on the mobile version, and the company ensure that the app is optimised for each particular device and operating system. The android app for example, has been designed to maximise the abilities of android devices. Likewise Apple products such as the iPad and iPhone will see features unique to that operating system.

This attention to detail is a large part of what has kept this brand at the sharp end of the binary options industry since it began.

The mobile app delivers a slick, but easy to use trading platform for ensuring traders can make and maintain trades at any time. It is another plus for the firm.

Robot

Binary.com offer their ‘Binary Bot’ service, which is another innovative feature. The leading brokers are all rushing to make similar features available. It gives traders the ability to configure and build their own auto trader.

So traders can build an automated trading robot, based on their own system or winning strategy. They can then set the robot ‘live’ to trade whenever the market conditions trigger the criteria laid out by the trader. The building tool has a great walk through demo before traders are let loose with it – and best of all, it can be tested before you sign up or login with a live account. So it can be tried out risk free. Here is the robot builder screen:

Is Binary.com a Scam?

Binary.com are one of the most respected brands in binary options. They were started and grown by well respected traders and are now a multinational corporation that does not need to indulge in any sort of ‘scam’ behaviour that might be seen elsewhere in the industry. This brand can be used with absolute confidence.

Bonus

Binary.com have withdrawn their deposit bonus offer. At present, there are no existing free trade, or ‘no deposit bonus’ promotions in operation.

Strategy

Strategy needs to be thought about in a distinct way for Binary.com. The method of selecting expiry time is unique, and so any winning strategy needs to consider that.

The flexibility offered by both the trading platform and the software itself (in terms of expiry, and contracts) means that winning trades are within the grasp of any trader willing to put in the time and effort to hone their strategy.

This is one of the main reasons why this particular broker remain the favoured choice of advanced traders. The firm deliver a range of advanced platforms too – offering both MT4 and MT5 (MetaTrader) integration – and the innovative auto trader “Binary Bot” tool.

The Binary bot allows traders to create their own bots or auto trading setups. The firm also offer integration way beyond what other firms may offer.

The bot allows retail investors to access some of the features restricted to more established signal services or auto trading advisory services.

Tick trade strategy is something that is only possible with Binary.com, and the tick trade platform is not something that has been replicated elsewhere. Specific strategies however, need a section of their own, so for those looking to read up on existing systems, take a look at our strategy pages.

Review Conclusions

  • Advanced Charting Tool
  • Demo Account
  • Exciting Trade Contracts
  • Extensive Asset List
  • Flexible Trading Conditions
  • Good Support Services
  • High Returns
  • Long Operational History
  • Simple Trading Platform
  • Low Minimum Deposit Requirement

The fact is I was won over by what Binary.com has to offer to its clients. They made it easy to open a live account by setting a low minimum deposit of just $/£/€ 5 (depending on your currency of choice).

In addition, their trading platform is truly unique with charting tools as advanced as a dedicated Meta Trader platform (both mt4 and now mt5).

Binary.com Review

Introduction

Owned by Regents Market Group, Binary.com was first set up in 1999 and licensed in the Isle of Man and Malta. As one of the more established binary options brokers, Binary.com wasn’t always known by this name. In fact, until 2020 it was known as BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.

With offices in Malta, Malaysia and Japan, the company now has over 1 million registered accounts worldwide and handles approximately 15 transactions per second. The site is published in 12 languages to cater to their worldwide clients. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.

A multi-award winning trading platform Binary.com’s success is built on their flexible trading, simplicity, sharp prices, trust and security. With over 2 billion dollars traded to date and their commitment to providing a first class client service, they have managed to maintain their position while many others have entered the market around them.

In this review, you will learn:

    What types of accounts are available to traders The payouts you can expect from successful trades All the functions and usability of the platform

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Unlike many brokers, there isn’t a menu of accounts to choose from, there are just Virtual and Real accounts.

Virtual Account

When you visit the desktop or mobile site, you are encouraged to open an account, but it’s a Virtual Account, not a Real Account. Follow the steps to open an account, and you are asked to enter a verification code sent by e-mail to complete the process. Once you have done this, you have your very own live Binary.com demo account with $10,000 to practise with. A Virtual Account or “demo account” as they are also known to allow the novice trader to practise and get used to trading binary options before risking their own real money.

Real Account

Once you have got to grips with the platform via your Virtual Account, you can then open a Real Account with as little as $5. This low deposit amount is much more accessible than other binary options brokers who require a minimum of 250 dollars and is a contributor to their popularity with so many account holders. It’s a swift and easy process to open a Real Account, and with a few simple details within minutes, your account is live, and you are ready to trade. There is a menu box that allows you to move between your Real Account and your Virtual Account and to stop you getting carried away you are asked if you would like to receive an update or “reality check” and at what intervals.

Trade Types And Payouts

The payout percentage changes in real time for all trade types. Unlike other brokers that may state a payout of 85% for a simple binary call/put trade the Binary.com platform updates as you watch. Second, by second the payout amount rises and falls, allowing you to pick when to make your trade. As an indication, the trader can expect to achieve a return of around 85-86% for a successful trade. The minimum trade amount is just $5, which makes this a decent beginner broker.

As with many of its peers, the Binary.com platform offers the following types of trades.

Call/Put Trades

This trade type has two options. Rise/Fall or High/Low; A simple prediction of whether the asset will rise or fall in price in the allotted time.

Touch/No Touch Trades

Profits are much higher with the type of trade with a return of around 1,000%. Again it is difficult to predict the exact return as the prices change in real time.

In/Out Trades

With In/Out trading, there are two options. Ends In/Out or Stay In/Goes Out with returns again of around 1000%.

Traders can expect to achieve an excellent rate of return with Binary.com, around 86%.

Bonuses And Promotions

With such a low deposit amount required, it is no surprise that Binary.com don’t need lots of attractive bonuses to entice people to sign up to their trading platform. However, there is a $20 welcome bonus offered to those that open an account with just 5 dollars. It isn’t something that is widely advertised, however, and someone wishing to open an account in this way would need to search for Binary.com bonus to find the option.

Mobile Trading

While Binary.com has made many technological advancements and offer such an intuitive trading platform; there is no mention of a dedicated mobile app. Upon further investigation, when searching the App Store on iOS or Google Play, it would confirm that there is no app available for both iPhone, iPad or Android devices. That said the mobile platform is highly functional, straightforward to use and not overcomplicated.

Opening an account on any site on a Smart Phone can sometimes be a fiddly experience, but when you sign up to Binary.com, the data input boxes are clear, functional and easy to use while being big enough to see what you are doing without squinting.

One of the great features of the mobile is the prominence of the account that the trader is currently using. In the top right-hand corner of the screen is a drop down box with the option to switch between accounts. As well as a clearly labelled differentiation between the virtual and the Real Account there is also the account number, so you don’t have to go rooting around should you ever need to call support.

Deposits And Withdrawals

There are many ways to deposit funds into your Binary.com trading account. Choose from debit or credit card; Visa, Mastercard or Union Pay. You can also use a Bank Wire or Money transfer, or one of many E-Cash methods such as Skrill or OK Pay. As previously mentioned the initial minimum deposit amount required is only $5 and cleared funds will be available to start trading immediately.

Withdrawals are made via the same method as deposits, so if you made your deposit via a credit card any money that is withdrawn will be sent back to the same card. Once a withdrawal is requested, a verification token is sent via e-mail to ensure security. It then takes between 1 and 5 days for the money to be returned. The processing time depends entirely on whether you are using a wire transfer, credit or debit card or e-cash.

We advise all traders to ensure they have followed the proper verification and identification process to avoid any withdrawal problems. While performing our Binary.com review, we had no banking issues to report.

Special Features

One of the key features of Binary.com is its unique “fixed odds” trading platform. The platform allows you to set your trading price and tells you the amount you will be returned, which essentially allows you to choose your profit. When you start trading the amount needed to achieve a 10 dollar return, for example, will move up and down in front of your eyes. Once you confirm your trade, it is locked in, and your payout amount remains fixed.

As mentioned above, it is evident that the critical feature of Binary.com is the fact that you can open an account with only $5. While many competitors offer a lengthy and possibly complicated menu of accounts and options, this low deposit option is probably the key reason that they have as many account holders as they do.

Customer Support

With many binary options traders, you can log in and immediately see how to contact a member of customer support. This may be in the form of an intrusive live chat box that pops up to check you are ok or by a prominent button should you need to start a live chat. With many brokers, you will find a list of numbers depending on your country and a list of contact methods.

Now while all of this is available with Binary.com, it isn’t as visible, and you do need to go looking for it. By scrolling to the bottom of the desktop site, you will find a small “Contact us” link. Once you open up this page, you do get a choice of telephone numbers, e-mail or live chat and on further examination, there is a drop down box to allow you to choose the relevant country you wish to call. There is also a list of addresses to write to.

Here are the contact details for Binary.com:

    Email – [email protected] Phone – +44 016 668 000 42 Address – Binary Investments Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta

Conclusion

Here we’re going to wrap up our Binary.com review. Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to have the added advantage of many of the leading binary options traders in that you can open an account with as little as $5. This may be a reflection of their “no frills” offering with the lack of an app and other features that you might expect to find. The information on offer is basic, and they don’t appear to shout about the benefits of the platform. Their focus seems to be on the ease of use when it comes to trading and the fact that they boast a unique trading platform.

During our thorough and detailed Binary.com review process, we found a few complaints and no evidence that this broker is a scam. Their longevity stands them in good stead, and they have built up their legit large following through trust and reputation. The risk of binary options trading isn’t any less with Binary.com, but it does allow the trader to “dip their toe” without committing as much as they would with other traders.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binary.com legit, will they scam me?

Binary.com is licensed and regulated in Malta, the United Kingdom, the Isle of Man and Ireland. They have won many awards, and like all brokers, we have put them through stringent vetting procedures.

Do they have a decent mobile or tablet app?

The mobile website is intuitive, simple and easy to use. As well as a fully responsive mobile website, they also have an app available on the App Store and Google Play.

What bonus do they offer new traders?

The stakes are much lower with a Binary.com trading account, and their minimum deposit requirement is just $5, and their minimum trade is also $5.

Can I start trading on a free demo account?

There are only 2 accounts available on the Binary.com platform, a virtual (demo) account or a real account. Once you have entered the site, you are good to start trading with $10,000 of virtual cash.

What’s the minimum deposit and trade amount?

The minimum deposit required to open a Binary.com trading account is just $5. This low deposit amount is a far cry from the $250 deposits required by many brokers.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Binary.com Review and Tutorial 2020

Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

Binary.com Facts & Figures
Awards
• Best Binary Options Broker 2020 – DayTrading.com

Binary.com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types

Cryptocurrency Trading is available via CFDs on the MT5 binary.com platform

Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain the most trusted brand in the binary sector.

Instruments CFD, Forex, Crypto, Binary Options, Stocks
Demo Account Yes
Min. Deposit $5
Min. Trade $1
Regulated By MGA
MT4 Integration Yes
Mobile Apps iOS, Android
Auto Trading Binary.com offer a self build robot feature to design, test and implement automated trading strategies
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt var
GBPUSD Spread 1 pip var
Oil Spread 3 pips var
Stocks Spread
Forex
GBPUSD Spread 1 pip var
EURUSD Spread 0.5 pip var
EURGBP Spread 1 pip var
Assets 45+
Cryptocurrency
Spread BTC 2%, ETH 3%
Coins BCH, BTC, ETH, LTC, XRP
Binary Options
Payout Percent 91%

Binary.com is an online binary options and CFD trading platform (MT5) that is owned and managed by the Regents Market Group. The platform allows online trading on the financial markets, including cryptocurrency and forex markets. Our review details all you need to know before you open an account and start trading.

It was only in 2020 that BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to capture a bigger slice of the financial trading market.

Today with the company’s head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Binary.com has grown to service more than one million clients from all over the world.

They have since expanded to include satellite offices in Malaysia and Japan as well. The platform has also been developed to include MT4 and MT5 integration.

Regulation & Reputation

In terms of its reputation, Binary.com is an award winning platform. Over the years, the platform has won numerous awards from major reviewers in the financial industry.

These awards are all testaments to the first class service which Binary.com has provided over the years, to its clients.

In addition, it is also reassuring for traders to know that they are dealing with a legitimate and regulated broker.

In terms of regulatory oversight, Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156.

On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.

The platform has also been issued a Remote Bookmaker’s license by the Revenue Commissioners in Ireland.

Binary.com MT5 Trading Platform

Trading Platforms

It is interesting to note that Binary.com is able to offer its traders a wide selection of trading platforms. The trading platforms are categorised into (1) basic platforms and (2) advanced platforms.

Basic Platforms

There are 2 types of basic platforms, the Binary.com platform and the Binary Tick Trade App. Both these platforms are used for trading binaries with the latter designed specifically for mobile trading.

Advanced Platforms

As for the advanced trading platforms and trading software, Binary.com has the following:

  • The MetaTrader 5 platform, for CFDs and forex trading
  • The Binary WebTrader, for advanced binary options trading
  • The Binary Next-Gen platform, for advanced trading features
  • The Binary Bot platform, for automated binary trading

Mobile Trading

As mentioned earlier, the Binary Tick Trade app is specifically designed for traders who need to be mobile and not be glued to their desktop trading terminal.

The app is available free of charge and can be downloaded from Apple App Store and Google Playstore. With the app, traders can check their trading account status as well as execute trades.

Trading Accounts Offered

With regards to the type of trading platform that are available at Binary.com, the broker only has two types of trading accounts to offer, a standard trading account and a virtual account.

Virtual Account

The virtual or demo account is basically a practice account that is preloaded with $10,000 virtual cash. It allows beginner traders to test out the trading platform and trading strategies, without having to risk any real money.

It also provides a tool fr advanced traders to back test trading strategies and theories.

Standard Account

Once you are confident enough to begin live trading, you can open a standard trading account. Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible.

The account process is simple and hassle free. If you have already registered for a demo account, the process of converting it to a virtual account to the standard account is even easier with just a click of the mouse.

MT5 Account

The MT5 account delivers CFDs on forex, cryptocurrency and a range of other financial markets. The metatrader 5 platform is a new addition to the offering, going live in the summer of 2020.

The software is therefore cutting edge and delivers many of the features modern traders need. Stop loss, limit orders, advanced charting, trading strategy testing and one-click trading.

Binary.com Account Comparison

Bonus

At present, Binary.com are not offering any form of free trade or no deposit bonus.

Assets & Instruments

At Binary.com, traders can trade in CFDs as well as 4 types of binary options such as Up/Down, Touch/No Touch, End In/Out and Stay In/Out.

As for the list of available underlying assets, there is a choice of 114 different types of assets. They consist of 30 currency pairs, 4-currency indexes, 28 market indices, 40 types of stocks, 5 types of commodities and 7 types of market volatility indices.

The addition of the MT5 platform expands the offering further.

Advanced Charting At Binary.com

Customer Support

For the convenience of their clients, Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through email or by calling them directly on the telephone.

Contact numbers vary based on trader location. The correct details can be found on the ‘Contact Us’ area of the website.

Unfortunately, we noted that live chat support is not available which puts Binary.com at a disadvantage, when we compare the broker with other brokers in the industry.

Deposit & Withdrawal

As for the payment methods that are supported by Binary.com, there are plenty of choices. You can use major credit cards such as VISA, Mastercard. Alternatively, you also fund your trading account through eWallets such as Skrill and Neteller.

You can also fund your trading account through online exchanges such as Western Union. For traders without convenient access, funds can also be transferred through wire transfer.

Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum are also accepted in lieu of fiat currencies. As for withdrawals, the whole withdrawal process takes between 1 to 5 business days to be completed depending on the method used.

Is Binary.com Best For Day Trading?

As a platform for day trading, Binary.com is a suitable platform due to the fact that the expiry time for binary options can be as short as 2 minutes. The high returns offered also help to justify the trading risks involved in trading binaries.

Accepted Countries

Binary.com accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Binary.com from United States, Malaysia, Hong Kong, Iran.

Does Binary.com accept US Traders?

No. At present, Binary.com does not accept traders based in the US. Visit the brokers page for a list of brokers who accept traders from your region.

Does binary.com offer trading on the Nasdaq?

Yes. Nasdaq is listed as ‘US Tech 100’ under the indices list. The minimum time frame that can be traded with binary options is 15 minutes. CFD trading is also available via the MT5 platform.

Is there a mobile app?

Yes. Mobile trading is available via the ‘Tick Trade’ android app. SmartTrader is also available on Mobile.

Does Binary.com have MT4

Yes. Binary.com offer MetaTrader integration. Traders need to open a specific account to access the MT4 and MT5 platforms.

Is hedging allowed?

Yes. Binary.com offer both binary options and CFD trading depending on your region. Both can be used to hedge other trades. Payouts between the investment types vary of course, so ensure you understand the potential payouts of each trade if hedging is your aim.

Is Binary.com a trusted, regulated broker?

Yes. Binary.com have been in business since 1999. That longevity in the financial marketplace is a sign of solid customer satisfaction. They are also regulated and licensed by:

  • VFSC (Vanuatu)
  • FSC (British Virgin Islands)
  • IBFC (Malaysia)

What is the minimum deposit requirement to open an account?

The minimum deposit requirement to open a trading account at Binary.com is $5. To open advanced and MT5 accounts, you first open a standard account, and then apply for higher levels. This does not require any additional deposits.

How fast are withdrawals processed from Binary.com?

The typical processing time for a withdrawal request to be processed is one business day. However, it may take as long as 5 business days for the funds to appear in your bank account.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Binary Options Trading School
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