Binarycent Scam or not? – Broker Review
Is Binarycent a scam or a reliable broker? – Find it out in this review! (In few steps) Nowadays it is hard to find a good broker for Binary Options because the diversity of different offers are sometime non-transparent. It is important to look after a secure and reputable broker. In this review, I will check Binarycent and give you the right information about the conditions for traders.
What is Binarycent?
For traders, it is important to know some information about the company where they are trading. Binarycent is an international Broker for Binary Options, Forex, CFD and Cryptocurrencies. The company is based and runs by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there are not a lot of information to find about the company.
These points make the company unique:
Withdrawals in 1 hour
100% data protection
24/7 customer multilingual support
Bonus and Risk Free trades
Conditions and trade offer:
Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.
The biggest advantage of Binarycent is the small investment amount of 0,1$. That’s why they are called Binary-“cent”. Bet on falling or rising markets with Binary Options. The asset profit is quite high between 80 and 95%. Traders can choose between a turbo, intraday and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid and the broker is compared to other companies in a good place.
Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100 and the spreads are starting with 1.0 pip.
Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitable with over 100 different assets. From my experience the execution of trades is very fast on that platform.
High returns of 80-90%+
Free demo account (after deposit)
Big diversity of expiry time for Binary Options
Forex, Commodities, Stocks, Cryptocurrencies
CFD/Forex and Binary Options platform
Review of the Trading Platfom
Binarycent offers a unique trading platform for their traders. The structure is clear and transparent. Personally, I like the design because it is user-friendly. Beginners should understand the platform in few moments. It is possible to watch video tutorials about trading with the platform. In addition, you can ask the support for some help.
The charts are supported by Trading View. This is a big and popular provider for market data. In other words, it makes the platform look professional. Traders can customize the chart by using drawing-tools, indicators or Fibonacci. The chart is available in full-screen mode too. On the right side, you see the trading dashboard.
Forecast the movement of an asset and trade in the way you want with a call or put option. On the left side, you can choose a market you want to trade. Switch between Binay Options and CFD/Forex with just one click. That makes the platform very flexible. In conclusion, the trading platform of Binarycent provides the right functions a trader needs.
With Binary Options you have to make the right forecast of the price movement to get a high asset profit. This can be in a range of 30 seconds or more. In my opinion, beginners should not start with short-term trading because it is the hardest method to invest in the markets. The function is very easy. The risk is limited to your bet amount and you will get a fixed return.
How to use BinaryCent:
For example EUR/USD – 95%. That means if you open a trade with a 1000$ bet amount, you predict the right direction of the markets you will win a payout of 1950$ in your account. 1000$ return of the bet amount and the 950$ of profit. There are not any hidden fees for trading.
Unique Trading Platform
Flexible and user-friendly
Social Trading, Analysis and Signals
Transparent trading dashboard
BinaryCent demo account
The demo account is an account with virtual money. You can trade the markets without risk. The conditions are the same as you are trading with real money. You get the real-time market data. First of all new traders can practice some trades in the trading platform of a new broker. This is an important action to get some new experience and decide to continue trading with the new broker.
BinaryCent offers a demo account for every trader who deposited the minimum investment of 250$. This is a little disadvantage for this broker because most of the other Binary Options Brokers give you a completely free demo account.
Account opening in few steps
Just open your account in less than 1 minute. You only need your personal name, phone number, password, and email address. For further verification, a picture of your passport is needed. The verifications take less than 24 hours. For withdrawal your profit you need a full verified account, but you can start trading without verification. In conclusion, the account opening is very easy and user-friendly. If you got further questions you can ask the 24/7 support.
There are 3 different account types available:
|Bronze (250$)||Silver (1000$)||Gold (3000$)|
|24/7 live support||24/7 live support||24/7 live support|
|Withdrawals in 1 hour||Withdrawals in 1 hour||Withdrawals in 1 hour|
|Bonus 20%+||Bonus 50%+||Bonus 100%+|
|Demo account||Demo account||Demo account|
|Copy Trading tool||Copy Trading tool||Copy Trading tool|
|Master class (web session)||Master class (web session)|
|First 3 risk free trades||First 3 risk free trades|
|Personal success manager|
Withdrawals and deposits with Binarycent
From my experience, the deposit and withdrawal work very fast. In only tested it with small amounts like 500$. You can deposit with Creditcard, Cryptocurrencies or E-Wallets. There are no hidden fees. The only fee is by making a payment with a credit card of 5%.
The minimum deposit with 250$ is quite high. The minimum amount allowed for withdrawal is 50$. But there is the advantage to trade with 0,1$. In conclusion, Binarycent offers a diversity of payment methods and the withdrawal system works very fast. The broker processes all withdrawal requests in only 1 hour. Sometimes it takes a longer time if the account is not verified. Also, you can open a crypto wallet with Binarycent. This is a new opportunity to trade cryptocurrencies on the platform.
Bonus and Risk Free Trades
BinaryCent offers you a free deposit Bonus and Risk-Free Trades. You can get easy a higher balance of your account. But the bonus is linked to conditions. You have to make a turnover for 3 times of the bonus. This is a very low amount and big advantages. The most brokers offer you a bonus too, but you have to make a turnover of 30 times or more.
Risk-Free Trades are offered in the silver and gold account. You can bet any amount in a Binary Options trade and if you lose you get the lost amount back to your account. The loss amount is deposited as a bonus.
The bonus for your first deposit can be between 20% and 100%. It depends on the invested amount of money. The bonus for your first deposit is compared to further deposits higher. With a deposit of 500$ you can get a 50% bonus and with a deposit of 3000$, you can get a 100% bonus. In other words, if you start trading with BinaryCent you get a better reward.
Support and service
BinaryCent provides very fast support via chat, email, and phone. The best choice to ask your question is the 24/7 video chat. Directly you get a connection to the support. In conclusion, the service is reliable and fast. For further questions, you can call them via phone or write an email. They offer you the service in more than 6 different languages: English, Russian, Chinese, Thai and more.
|Support Chat:||Phone (english):||Email:||Adress:|
|firstname.lastname@example.org||Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles|
Trade with only 0,1$ in one trade
High asset profit
High diversity of assets 100+
Flexible trading platform
Forex/CFD and Binary Options on one platform
Get the demo account after the first deposit
Binarycent Review 2019 – The conclusion
At the first glance from my experience definitely, BinaryCent is not a scam. This review shows you that BinaryCent is one of the best international platforms for trading with Binary Options. The broker provides a good trading platform with a high chance of making a high profit. You can trade a lot of different assets and use different strategies.
The markets data is provided by “Trading View” which is one of the biggest leaders in the industry of retail trading. Another advantage is the possibility to trade with a small investment amount like 10 cents $. That makes the broker unique.
Also, the service and customer support is fast and reliable. There is no problem to open a new account and do deposits and withdrawals. In addition to that, I have to mention that the company is unregulated. I tested the platform only with a small amount of money. Try it by yourself.
Happy Trading! (4.3 / 5)