The binary options industry is growing by leaps and bounds, and any discerning trader needs to know what the popular brokers in this space have to offer. Binary.com is one such broker, and it has succeeded in providing a user-friendly trading platform and great flexibility for traders in this market by offering deals from all markets and durations, as well as all kinds of trading scenarios. The payouts are also quite attractive, and are certainly some of the best any aspiring trader could hope to get from the binary options market as it exists today. Binary.com is a recent rebranding of BetOnMarkets, which was founded in 2000. One of the upsides of using this broker is that it is regulated by Isle of Man Gambling Supervision Commission as well as the Maltese Lotteries and Gaming Authority. However, it does not accept US traders.
Open A Free No-Deposit Demo Account with Binary.com
You can get a free fully functional, time unlimited demo account from Binary.com. Then if you want a real money account you only need to deposit $5. Trades can be placed for as low as low $1 or as high as $100,000, for any duration from 10 seconds to 365 days. Payouts are as high as %100 for regular Hi/Low options and over %1,000 for more exotic option types. Trading is 24/7, yes even on weekends.
The centerpiece of Binary.com’s major features is its simple, user-friendly, and intuitive proprietary trading platform. Advanced traders will find all the tools they need to trade smoothly since the platform provides charts, technical indicators and tools that should should help with technical analysis. Novices to this trading platform will also appreciate the simplicity it offers due to the shorter learning curve.
The broker has an ample offering of about 100 financial assets. The best part is that traders can enter into contracts as short as five ticks or get into contracts extending for up to a year. This element does introduce a bit of a gambling aspect to the trading, which is reminiscent of its BetOnMarkets days, when the company was a betting site. Still, those who strictly need to conduct conventional binary options trading, there are more than enough trading options for that since the broker offers both long-term and short-term trading contracts that binary options traders are used to.
The payouts, as mentioned earlier, are quite good. The company’s unique five ticks trade can reach payouts of 95%. A long-term touch/no-touch contract of about 7 days can reach payouts of over 1,000%. In general, the payouts being offered by this binary options broker are not something most traders will have a problem with.
Flexible Expiry Times
The most unique feature that Binary.com offers is the ability to choose any expiry time you wish. So if for example you want an expiry of 17 minutes all you have to do is enter it, select “Get Prices” and you are ready to go. This is a huge advantage when trading signals since often the available broker expiries don’t match with the expiry recommended by the signal provider .
Binary.com Support and Security
The support at Binary.com is quite good. The company has 3 direct helpline numbers and four regional toll free numbers as well as a callback facility. The regional toll free numbers are for Russia, UK, Australia, and New Zealand. With the callback facility, traders can leave a request on the website and have the company call back, but more urgent assistance is better obtained using the 24-hour direct helpline number. The site also offers email support in English, Spanish, Indonesian, Chinese, Dutch, French, Portuguese, and Russian. Traders can also Skype and initiate live chats with the support. Finally, the site is secured through SSL encryption and all transactions and personally identifying information are safe.
Binary.com Deposits and Withdrawals
Binary.com offers a broad array or deposit and withdrawal options. There are about 6 deposit and withdrawal options. It is possible to deposit as little as $5 US. Withdrawals take a maximum of 5 days to go through, and this applies to bank wire transfers. Credit or debit card withdrawals take 3 days. Account holders can have their accounts denominated in dollars, pounds, and euros.
Binary.com’s is definitely not a scam site. None of the other top brokers at the moment can say they have been in existence for more than a decade and a half, which is something Binary.com brings to the table, although it has spent the better part of this time as a markets betting site. As BetOnMarkets, it won many awards for the best firm in its category. Nevertheless, since its rebirth as a binary options site in 2013, it has helped more than 300,000 clients make over 15 million transactions all around the world. Few, if any, binary options brokers have experienced such astronomical growth in client base in their first few years of operation, even though Binary.com carried over some of the clients it had as BetOnMarkets.com. Traders dealing with this company have nothing to worry about, Binary.com is completely legitimate.
Binary.com Trading Resources
Binary.com offers a decent collection of trading resources. Traders, particularly novices, can learn more about binary options trading from the information available on the site. The information includes a complete list of assets, contract types, and trading durations. It is also possible to learn when the markets are most active in different parts of the world. More importantly, the resource library has information on how to trade the binary options market, which should prove invaluable for the novice and intermediate traders. The information consists of both videos and text files.
Binary.com does make a compelling proposition for binary options investors looking for great binary trading services, particularly due to its simple easy-to-use platform. The broker offers all imaginable options when it comes to financial assets, trading duration, and binary trading modes. This broker is also reliable with regard to customer support, deposits and withdrawals. For anyone looking for a serious broker that can offer high-end trading services, then Binary.com is certainly a good place to start.