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Binary.com Review

Binary.com
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Overview

Binary.com are headquared in Msida, Malta and are one of the oldest binary brokers operating online. They began business in 2000 and have won a number of awards over the… more

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Details

Broker Binary.com
Website URL www.binary.com
Founded 2000
Headquarters Msida, Malta
Languages English, German, French, Italian, Spanish, Portuguese, Russian, Polish, Chinese, Bahasa Indonesia, Vietnamese
Minimum 1st Deposit $5
Minimum Trade Amount $5
Maximum Trade Amount $350,000 per day
Bonus Bonus 25% of your deposit amount
Payout 175-195%
Free Demo Account Yes
Regulated Yes
Regulation Malta Financial Services Authority (MFSA), UK Gaming Commission (UKGC)
Deposit Methods Visa, Mastercard, UnionPay, International Bank Transfer, Neteller, Skrill, FasaPay, Perfect Money
Withdrawal Methods Visa, Mastercard, International Bank Transfer, Neteller, Skrill, FasaPay, Perfect Money
Number of Assets 170+
Expiry Times 10 seconds, up to 365 days
Types of Assets Currencies, Commodities, Stock Indices, Single Stocks
Option Types High/Low, One Touch, No Touch, Long Term
Trading Currency USD, EUR, GBP, AUD
Account Currency USD, EUR, GBP, AUD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 81/100

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Longest standing and most experienced broker
  • Regulated by MFSA and UKGC
  • Wide variety of binary option types
  • Largest variety of assets

Cons

  • Lack of assets in Asian markets
  • Platform looks outdated compared with other brokers
  • Conditions attached to bonus

Full Review

Binary.com are headquared in Msida, Malta and are one of the oldest binary brokers operating online. They began business in 2000 and have won a number of awards over the years. With millions of customers around the world, a large maximum trade size and a variety of assets and option types available, Binary.com caters more to the professional trading market.

Website and Trading Platform – 17/20

The first thing you notice is that the trading platform visually looks basic and simple compared to many other brokers. However, first impressions can be deceiving and Binary.com’s features and functionality more than make up for it.

Changing between assets, option type and trade size is simple and can be done quickly from the same panel.

Binary.com trading platform

While professionals will generally still use a separate charting package such as Bloomberg, Reuters or TradingView, Binary.com offers a fairly good charting feature with longer term charts and basic technical analysis functionality.

Binary.com mobile appBinary.com iPhone and Android mobile app

The mobile application looks and operates in a similar way to the web platform. It’s simple, easy to use and very stable.

Assets, Payouts and Expiry Times – 14/20

Binary.com by far has the widest range of assets out of all the brokers we have reviewed, at over 170 from a variety of asset classes; currencies, commodities, volatility indices, stock indices and individual stocks.

The expiry times are completely customisable and give traders the choice to select expiries from as little at 10 seconds up to 1 year. Payouts vary greatly depending on the asset, expiry and market volatility but reach up to 195%.

Binary.com assetsLarge variety of asset types

In addition they also offer a much wider variety of binary option types beyond most other brokers. Aside from the regular “High/Low” and short term “Turbo” options they offer “One Touch”, “No Touch” and “Boundary” options. These start with a higher minimum trade size of $50.

Deposit, Payment Methods and Bonus – 16/20

Binary.com accept a wide range of payment methods including credit cards, international bank transfers and payment portals like Neteller, Skrill and FasaPay. They accept deposits and allow traders to have their account denominated in USD, EUR, GBP or AUD.

Chinese, Malaysian and Indonesian traders can deposit in their local currencies through approved payment agents as listed on the Binary.com webpage.

Binary.com payment methods

Licensing and Regulation – 17/20

Regulated and licensed by both the Malta Financial Services Authority (MFSA) and the UK Gaming Commission (UKGC) we have a high degree of confidence doing business with Binary.com. Both these regulators, in particular the UKGC are fairly respected throughout the world.

Binary.com is one of the few brokers we would considering holding a large trading account with. Not only due to the regulation but because they are one of the longest standing binary brokers and have considerable experience dealing with large trade sizes (up to $350,000 per day).

Customer Service – 17/20

Binary.com provides the standard methods of customer service including telephone, email and live chat. Customer service is offered 24/7 and there are toll-free numbers for multiple countries around the world.

Summary

Overall Binary.com has a fairly impressive offering. If you are a trader who is concerned primarily with functionality and being able to customise your trading instead of platform design, Binary.com could be the choice for you. They are the longest standing binary broker in the market and have experience dealing with more of a professional client base.

Binary.com overall score = 81/100

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2 Responses to “Binary.com Review”

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