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Sign Binary Review
Sign Binary Review: The Binary Trading has emerged as one of the most favored trading platforms which have gained momentum in the last couple of years among binary robots. This momentum has bought several niche players like signal software service providers on the foray. The abundance of choices regarding software bots have made the life of a naïve trader difficult. To assist the readers in selecting right trading partners and signal service partners, we put them under our stringent review process.
To continue our legacy of providing comprehensive analysis, today, we are going to review the Sign Binary – an automated signal service provider. The following text details the various facets of the Sign Binary for your consumption.
Sign Binary Review
A document on the website of the SignBinary suggests that it is owned by the Lionsman Capital Markets Limited. Our further investigation on the Lionsman Capital Markets Limited unearthed that the Lionsman does have a valid license from the CySEC (Cyprus Securities & Exchange Commission).
Though the Sign Binary claims that their parent company is the Lionsman, the research on the company indicates otherwise. This has induced our suspicion about the Sign Binary and it seems that the real promoters of the Sign Binary are hiding behind the known name or the Lionsman is using the Sign Binary as the vehicle to acquire new customers. To get the better understanding of the signal service provider, we continued with our investigation.
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)Best Binary Options Brokers: 2020 Ranking
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The binary signal service provider generates signals which are 1000 times faster and provides the alerts to their registered users at lightning speed ensuring that their registered user places their trades before everyone else. Though this sound very promising, the website does not provide any information on how these signals are being generated and what are the principles on which it is operating.
The Sign Binary also claims that they have more than 20,000 active users who are using their services and have provided reviews of some of them on the site. If you have read our reviews of earlier imposters, you would understand that probably the images used on the site and reviews posted on the sites are unreliable.
The Sign Binary also offers a demo or free account with $ 500 to test the signal service with a condition that it is valid for only 7 days. After the exhaustion of free period, the website offers you either free or paid signal service again with a condition that with the free service maximum gains which can be generated is % 7,000 only. Such marketing tactics are used to lure the investors into their pro version and grab as much money as possible from the susceptible traders. We have also read reviews wherein individuals have explained that while using the demo account the trader has been on winning streak but as soon as they converted into real money account, surprisingly, they winning percentage has declined considerably. The demo or free account can easily be manipulated to provide 100 percent winning trades but when it comes to real money account the winning ratio starts to decline. Hence, it is advisable not to take the results of the demo account at its face value.
The Sign Binary is available free of cost for a limited period to select customers. This is also another technique used by such imposters wherein they try to create emotional pressure by claiming unreal winning ratio and unbelievable success rate which will expire soon if you do not grab the opportunity now. Our request to readers is not to fall for such prey as there is no scheme in the world which can make you a millionaire overnight. The extraordinary claims on the website have made us more suspicious about the company and their dealings. Our major concerns about the website have been outlined hereunder.
The major concern which we have is about the owner’s identity. The website does suggest that it is owned by the Lionsman Capital Markets Limited who has acquired a license from CySEC. While there is no evidence that the Lionsman is behind this robot and it could be a case of misrepresentation facts to hide behind the legitimate license holder’s identity.
Our research on the Sign Binary also indicates that there is another website with same claims and same layouts offering the same signaling services. This fact has further strengthened our doubts about the owner and its identity.
Though the website suggests that the traders can generate gains by using the Sign Binary signal service, it does not provide any information or data to substantiate their claims. The website also does not provide any information regarding the developer of the system nor about the principles on which the signal service generates the signals. No information or misrepresentation of facts has made us believe that it is not a reliable service.
Limited Period Offer
The website indicates that the signal service is available for a limited period and after the expiry, they will not accept new registrations. This is also a marketing gimmick used by many online marketing companies to persuade the visitors to sign up immediately for their services and make payments.
As you are aware that the signal service cannot trade on its own, and is required to have a broking partner to execute the traders. Such vital information regarding their affiliated broking partner is missing on the website. The website also does not provide any information regarding the financial dealings on the website creating further doubts.
How Does Sign Binary Work
The website remains silent on the principles on which the algorithm has been developed. It does not provide any information regarding the parameters it uses to identify the profitable opportunity in the market. We understand that signal service will not provide the actual algorithm but can definitely provide information regarding the principles on which it is based upon.
The research on the Sign Binary has unraveled many important aspects of the signal service provider. Thought the website indicates that their signals can put you ahead of the rest, it does not provide any information regarding the principles of algorithm creations nor it has any data to prove their claims. The website ownership is also questionable and the eye-catching similarity with another signal service provider strengthens the suspicion. The website uses all the marketing techniques to generate the sales which have been used by many scam artists on the internet. All the above aspects make it clear for us that it is difficult to trust the Sign Binary as the reliable signal service partner.
Hence, we would recommend our readers to stay with the established players like Option Robot for their signaling requirements. The Option Robot has gained its popularity because of consistent customer service and having clear ownership. Also, the Option Robot is very transparent in all its dealings and provides all the requisite information regarding the principles they use to generate signals and the affiliation they have. Their affiliated brokerage houses are also well-reputed organization having a crystal clear track records. Also, the website of the Option Robot does not make exaggerated claims about the profitability while their reviews on the internet provide enough trusting material. The sheer transparency on the part of the Option Robot makes it as our recommended signal service provider.
Overall, we cannot establish the trustworthiness of the Sign Binary and hence we would recommend our readers to stay with the established signal service providers like the Option Robot for their signaling requirements.
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Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
Broker Binary Website URL www.binary.com Founded 1999 Headquarters Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825 Support Number +44 (0) 1666 800042, 0800 011 9847 (Toll Free) Languages English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai Trading Platform Own development, TradingView Minimum 1st Deposit $5 Minimum Trade Amount $1 Maximum Trade Amount $100000 Bonus Up to 100% on deposit Payout Up to 100% Free Demo Account Open Demo Regulated Regulation gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000) Account Types Demo account, real account Deposit Methods Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency Withdrawal Methods Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency Number of Assets 100+ Expiry Times From 10 seconds to 365 days Types of Assets Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin) Option Types Up/Down, Touch/No Touch, In/Out, Asian, Digital Account Currency AUD, EUR, GBP, USD US Traders Allowed Mobile Trading Tablet Trading Overall Score 9/10
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
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Beginner’s Guide to Binary.com: Complete Review
Binary.com is a trading platform dedicated to offering binary options from the world’s various financial markets. The website was founded in 1999, making it one of the oldest online trading platforms — as well as among the most-respected ones. Via the Binary.com website, users can trade volatility indices, currencies, indices, and commodities. The online broker prides itself on offering the most flexible pricing as well as the most comprehensive suite of products available.
Binary.com has a strong commitment to high ethical standards and supplying a high-quality trading experience. This includes holding deposits within a trust account that is separate and never using client-deposited funds for another purpose.
Please Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Binary.com was founded in October 1999. The broker is free of debt. Today, it has more than 200 contractors and staff members around the world, as well as more than a million registered accounts. The platform averages 20 transactions each second, 24/7. There are physical offices in Malta and Malaysia, and all information and the website are available in Chinese, English, French, German, Italian, Indonesian, Portuguese, Polish, Spanish, Russian, Vietnamese, and Thai.
This year, the active client base of Binary.com is expected to reach more than 100,000. This year, the online broker is projected to have more than 197 million transactions, which would mean a total of more than 789 million contracts bought and sold on the platform since its release. Additionally, Binary.com is predicted to generate more than $1 billion in turnover this year, which would lead to a total turnover since its inception of more than $5.7 billion. Client withdrawals this year are expected to amount to more than $140 million. Before this year, the figure was nearly $500 million. Binary.com also expects to increase the staff in its three offices thanks to the increased demand for its services and products.
Binary.com License and Regulations
Customers can rest easy knowing that Binary.com is licensed and regulated in Ireland, the Isle of Man, the United Kingdom, and Malta. Binary Group Ltd. owns and operates Binary.com. Clients in the UK trade through Binary (IOM) Ltd as well as Binary Investments (Europe) Ltd. Those in the Isle of Man trade via Binary (IOM) Ltd. Those in the European Union apart from the United Kingdom trade via Binary (Europe) Ltd as well as Binary Investments (Europe) Ltd. In the other areas of the world, customers trade via Binary (C.R.) S.A.
The holding company for the following Binary.com subsidiaries is Binary Limited, which has its office registered at 47 Esplanade, St Helier, Jersey, JE1 0BD, Channel Islands. Binary Investments (Europe) Ltd has the address of Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta. The Malta Financial Services Authority regulates and licenses it as a Category 3 Investment Services provider with license number IS/70156. Binary (C.R.) S.A. is registered in Costa Rica but is not regulated or supervised by a regulatory body within the Costa Rican financial system.
Binary (V) Ltd is in Govant Building, Port Vila, PO Box 1276, Vanuatu, Republic of Vanuatu, with licensing and regulation from the Vanuatu Financial Services Commission. Binary (BVI) Ltd has the address of 2 nd Floor, O’Neal Marketing Associates Building, Wickham’s Cay II, P.O. Box 3174, Road Town, Tortola VB1110, British Virgin Islands. It is regulated and licensed by the British Virgin Islands Financial Services Commission. Finally, Binary (FX) Ltd has the address of Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Federal Territory of Labuan, Malaysia. The Labuan Financial Services Authority regulates and licenses the company to run a money-broking business with license number MB/18/0024.
Binary.com has integrity as one of its core values, with the idea that the company should always opt for the right thing. This extends to serving customers with transparency and honesty, communicating using easy-to-understand plain language, and settling contracts by the book.
The broker also values teamwork, with an emphasis on positive team players that work together so they can achieve common goals and overcome challenges. Binary.com values competence, choosing to work with people who are talented and smart as well as willing to get things done.
Finally, Binary.com has a strong customer focus. It always puts its customers first. Additionally, the broker dedicates itself to creating services and products that provide those customers with the best possible trading experience.
History of Binary Group
The first step toward the creation of Binary Group occurred in 1999 when Hong Kong-based Jean-Yves Sireau, a hedge fund manager and entrepreneur, began Regent Markets. He created the methods, systems, and algorithms necessary to implement a financial betting system with fixed odds. His goal was to develop a market with fixed-odds bets as the simplest type of derivative contracts, so regular investors could make small bets. This was revolutionary, as prior to Regent Markets, binary options were typically traded with large quantities. In October 1999, Regent Markets received an investment to deliver online financial betting services.
In 2000, Regent Markets filed for a patent. In May of that year, it registered the name BetOnMarkets and moved to Malta to get an internet betting license. The website went live, with the company quickly becoming the market leader for fixed-odds financial betting. In 2004, Regent Markets got a license on the Isle of Man and began setting up its programming center in Cyberjaya, Malaysia. In 2007, the company received a U.S. patent for the “betting system and method.” In 2008 and 2009, Regent Markets received the customer base of a main competitor, BetsforTraders.
2020 saw two new patents in the U.S. from Regent Markets. These included “computer trading system for offering custom financial market speculations” and “computer trading system and method for speculating on a financial market.” Shortly after this, BetOnMarkets.com increased its payouts to 100,000 USD, GBP, AUD, and EUR. In 2020, the company met the milestone of $1 billion in turnover since its beginning, with 400,000 clients in its database.
The rebranding of BetOnMarkets.com to Binary.com took place in 2020. This change took place to help the platform evolve as it worked to grow its market share for binary trading. This was also when the company got its new tagline, “Sharp Prices, Smart Trading.”
From there, Binary.com continued to grow, offering new methods of trading. This included the new charting application and a short-term touch/no-touch trade. By the middle of 2020, Binary.com had more than 130,000 new daily transactions and more than 100 million historical transactions. 2020 is also when Regent Markets renamed itself to Binary Ltd, to ensure the name website and company name matched. By late in 2020, Binary.com had more than 800,000 clients and reached the $2 billion milestone. Soon after, Binary.com hit 1 million users.
This followed by Binary receiving a Category 3 Investment Services license from the Malta Financial Services Authority. Around the same time, Binary Group opened an office in Tokyo, Binary KK, and began applying for the relevant licenses. By 2020, Binary.com was processing more than a million transactions every day. After this, Binary.com introduced an e-commerce site to sell branded merchandise as well as the Binary Bot, an auto-trade programming tool that lets traders create automated trading robots simply. By 2020, Binary KK in Japan received its KLFB license as a Type 1 Financial Instruments Business and Binary.com opened its QSentral office in Kuala Lumpur. 2020 saw the addition of Bitcoin accounts for customers outside of the EU.
Thanks to Binary.com’s patented pricing technology, clients are able to enjoy the same return rates as traders within the interbank market. This means real-time prices that are benchmarked against the interbank options markets. Clients do not have to deal with any hidden commissions or fees. They also get returns of more than 100 percent on simple rise/fall contracts, as well as returns above 1,000 percent on touch/no-touch and higher/lower trades.
Binary.com does its best to make it simple for customers to trade however they want, regardless of their market strategy. You can trade all the major indices, currencies, commodities, and volatility indices. When setting up a trade, choose your trade type, the market, the trade duration (between 10 seconds and 365 days), the strike, the barriers, and the payout (between $1 and $50,000).
Since there is a great deal of risk associated with binary options, Binary.com ensures that clients clearly know both the potential reward and the potential risk before they buy a contract. When you select your payout, the system automatically calculates the required stake you need to buy the contract. The stake will never increase, so you will only risk the initial stake. To further minimize risk, Binary.com makes it possible to sell contracts before they expire to minimize losses while keeping profits.
Binary.com also has a dedicated section of its website for responsible trading. Here, it outlines the risks associated with trading binary options and provides suggestions for responsible trading. These include only trading with money that you can afford to use, suggesting the use of a virtual money account, never trading when tired or under the influence, and limiting your winnings.
Binary.com further offers the ability to set limits on trading activities or self-exclude. You can limit yourself based on the amount you can trade or lose within a specific period, based on the amount of time you can trade within a single online session, or even from the website for a set of time. However, self-exclusion requires a minimum of six months. You can limit yourself via phone or email.
Binary.com Trading Platforms
Binary.com has a simple and user-friendly platform that minimizes the learning curve for new clients. The platform makes it easy to find the ideal trade for any market condition and execute a trade within seconds. Using the platform, you can monitor your portfolio with real-time information. The platform also makes it simple to sell back trades using market prices.
In addition to its proprietary platform, Binary.com has an extensive range of platforms, divided into lists for the ones that are best for beginners or advanced traders. Beginner traders can use SmartTrader, which is a premier binary options trading platform with a user-friendly and simple online platform. There is also a Binary Tick Trade App from Binary, which is designed for ultra-fast trading on the go and available for Android devices. Or you can use the multibarrier trading platform from Binary.com, Ladders, for FX binary options.
Advanced traders will want to strongly consider using MetaTrader 5, a well-respected industry standard for trading. This is an advanced multi-asset trading platform that sets the global standard for trading binary options, CFDs, and forex, and it is available for multiple devices. There is also a Binary Webtrader that is an advanced binary options trading interface that lets you watch the movements of markets and assets simultaneously. Additionally, there is Binary Bot, a drag-and-drop bot creation tool that lets you create automated trading strategies.
Binary.com also supports two charting platforms that allow traders to study the financial data relevant to their strategies and potential trades to predict market movements. TradeView for Binary.com offers powerful technical analysis and charting, along with the ability to analyze markets using overlays, price bands, and indicators. SmartCharts also provides interactive charting, letting users analyze financial markets with beautiful visualizations and unique trading tools via an intuitive, fast interface.
Binary.com Webtrader Platform
As mentioned, the Binary.com Webtrader is an advanced trading platform. This platform is fully customizable to meet your own personal preferences. It has an intuitive interface and makes it simple to simultaneously watch your favorite markets and assets. It also lets you monitor historical data, trading times, the asset index, and essential charts. The trading interface is full-screen and customizable, so you choose what is on the screen.
The platform is robust and secure, so there are no concerns about the safety of information or funds while using it. You can easily access it via the web browser of your choice and in one of 13 different languages. There are also many customizable features, including arranging and loading assets, charting, and additional resources however you want.
Tick Trade App
The Binary.com Tick Trade App is perfect for beginner traders who want to be able to trade their binary options while on the go or from a smartphone or tablet. The interface is sleek and responsive, making it quick to choose your trading preferences. You can choose a market and an underlying asset, including volatility indices assets and forex currency pairs. Use the application to designate your chosen type of binary trade, such as Up/Down or Digit Match/Differs. Via the app, you also set the pace of your trade, between five and 10 ticks. Finally, choose the amount you prefer for the stake or payout, so you can control the risk to meet your needs. This application supports English, Indonesian, and many other languages. However, it is not available in every country.
As previously mentioned, Binary Bot is a programming tool that helps set Binary.com apart from the competition. This tool lets you create a trading app using a drag-and-drop function that Binary.com compares to completing a jigsaw puzzle. You can use this tool to create as many binary options trading bots as you want, making the algorithms incredibly complex or sticking to simple formulas. In addition to creating bots for your own use, you can make an additional profit by selling your bots in the Binary.com Shop to other traders. Every time a trader buys your bot, you get 80 percent of the sales revenue.
Binary.com does provide clients with a virtual-money account that serves as a demo account. This is designed to help clients hone their skills and get used to binary trading before they risk real money. You can easily switch between your virtual-money and real-money accounts at any time in the top-right corner of the page once logged in. This feature also lets you test out new strategies.
Binary.com not only lists its payment methods but also details which currencies are applicable for each method, the minimum and maximum deposits and withdrawals, and the processing time for deposits and withdrawals. For many of the payment methods, there are also quick tutorial PDFs demonstrating the steps you should take to make a deposit or withdrawal.
Bank wires and money transfers are available in USD, GBP, EUR, and AUD. Internet bank transfers are available for USD, GBP, or EUR. Plus, Pay Sec is available for USD. You also can use a Visa or Mastercard debit or credit card for USD, GBP, EUR, or AUD. Supported e-wallets include FasaPay, Perfect Money, Skrill/Moneybookers, Neteller, WebMoney, Qiwi, PaySafeCard, and Yandex, with each working for specific currencies. Cryptocurrency funding methods include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Deposits & Withdrawals
To make a deposit, start by logging into your Binary.com account. From there, go to the “Cashier” tab on the navigation bar. You can then select either “Deposit” or “Withdrawal.” You will see a list of deposit or withdrawal methods. Select the appropriate one and fill out the required information. The process should be fairly straightforward to complete.
How to Trade on Binary.com
When you begin trading, you will notice that the trading screen lets you customize your position completely. At the top of this section, you will see a drop-down menu that lets you select your market, with a drop-down menu for the type of trade just to the right of this and a mini chart with the value to the right of that.
Below those features, you will notice the form that you fill out to trade. The top line lets you select your duration, filling in the value and using a drop-down menu to adjust whether that is in days or another measure of time. Right below this is a spot to fill out your high barrier, with a space for the low barrier directly below it. Underneath that, you can choose your payout, including the currency and number of units.
Binary.com includes two-way pricing. This means that if you adjust any parameters for your trade, the trade price will change instantly. This lets you see your stake in real-time and lets Binary.com continue its goal of delivering transparent pricing by displaying both sides of a trade. When you are ready to make a trade, click “Purchase.”
As soon as you do, your trade will appear in your account, with the price updating in real-time. Your account details the specifics of the trade and when you made the contract, as well as the purchase price and latest price. You can also click “View” to view the current trades in more detail. Remember that it is possible to sell a contract before expiry to keep profits or minimize losses.
Education for New Traders
Since Binary.com is designed to appeal to traders of all experience levels, the broker offers an entire “Get Started” section on its website. Here, you will find detailed explanations and articles related to binary options, lookbacks, and MetaTrader 5. The section on binary options includes a simple definition, along with a glossary and in-depth looks at what binary options are, how to trade them, the types of trades, and the range of markets.
The section on lookbacks includes a definition and a description with examples of the three types of lookbacks that Binary.com offers. The section for MetaTrader 5 has much more information as it includes sections for every type of trade that you can do using the platform, including binary options, CFDs and forex. For each forex, cryptocurrencies, CFDs, and metals, you can view what trading that asset is, how to trade it, the margin policy for that asset, and the contract specifications for it. There is then a section on binary options with MT5, including an introduction and how to trade those binary options on the platform.
Binary.com provides a daily report with relevant news from around the world, specific information on the recent movements of the most popular currency pairs, upcoming events for the day that may affect trading, and a trade idea. The broker also offers a weekly market update and weekly trading signals, the latter of which appears via videos from a professional trader and charting expert.
If you visit Binary.com’s Academy on its website, you will find additional educational tools and resources. In the Videos section, you can view various video tutorials and webinar videos, with topics like “Introduction to the MetaTrader 5,” “Purchasing from the marketplace,” and “MetaTrader 5 for Android/iOS.” There are also videos there that show you how to use Binary.com. This page also includes links to the videos for Binary TV, the Commodities Corner (the archives), the webinars, and the weekly trading signals.
It is completely free to sign up for webinars from Binary.com contributors with vast experience from around the world. The webinars include topics for all skill levels, including “How to trade silver” and “How to trade Forex on MT5.” You can see upcoming webinars on the Events page. The Commodities Corner has live news on commodities, including information on identifying trade setups via technical analysis. Binary TV keeps you informed about trends and headline news throughout the financial markets.
Additionally, Binary.com offers a range of e-books, including a free downloadable trading guide. Each e-book tells you the ideal trader experience level for the content, and you can find topics like “Secrets to Smart Trading.” You can also read an analysis of global markets by Jim Mellon for free.
Binary.com also has an API that makes it possible for developers to create trading interfaces and applications that interact with the Binary.com system. The API supports most read and write methods and you can suggest additions via the dev forum.
Is Binary.com Safe?
Since Binary.com is regulated and licensed in multiple jurisdictions, it must comply with a high level of standards that provide protection of client funds and personal information. Additionally, Binary.com segregates client funds, keeping them secure in licensed financial institutions. All credit card details go directly to the Visa or Mastercard network with the latest version of SSL encryption, following bank policies.
Binary.com additionally offers various account security suggestions for clients, including enabling two-factor authentication, setting a cashier lock password, using Cloudflare DNS, setting a strong password, keeping your browser up to date, using antivirus software, monitoring recent logins, and never sharing account information.
Binary.com also clearly outlines its policy for security and privacy, including its compliance with the general data protection regulation and other data protection laws that are applicable. Binary.com uses personal information to validate clients as legitimate account owners and the proper recipient for withdrawal payments, as well as processing trades. All personal information is held with due diligence, only processing it for required or allowed purposes according to the law.
Binary.com is in competition with our similar brokers which have covered before, as follows:
Binary.com has an affiliate program that lets members earn commissions via referrals of new clients. It is free to join the affiliate program. You just fill out an application, select a commission plan, and wait for Binary.com to approve your application. Affiliates get unique affiliate links as well as referral tools to help them earn commissions. There is dedicated support for affiliates, and payments are always on time.
Binary.com also has an Introducing Broker (IB) Program, which lets members earn commissions on trading activity from clients that they refer to the MetaTrader 5 platform for Binary.com. To start, you just fill out an application form if you are not already an affiliate; affiliates can just send an email. You then get referral tools and affiliate link that is unique to you. When a referred client trades CFDs and forex on Binary.com’s MT5 platform, you get a commission based on the clear commission structure.
In 2007, BetOnMarkets.com, the predecessor to Binary.com, earned the “Best Fixed-Odds Financial Trading Provider” award from Shares Magazine UK. That award recognized the website for its secure, fast, and reliable trading for all skill levels. Shortly after, the Financial Times and Investors Chronicle UK awarded the company the title of “Best Fixed-Odds Financial Provider.”
In 2008, BetOnMarkets.com repeated its Shares Magazine UK honor of being “Best Fixed-Odds Financial Trading Provider.” This year also saw the company earn the Investors Chronicle award for “Best Customer Communication Firm.” 2009 saw even more awards, including “Financial Betting Operator of the Year” from eGaming Review and “Best Fixed-Odds Financial Trading Provider” from Shares Magazine UK.
The awards continued and in 2020, Trade2Win honored the company with the “Best Fixed-Odds Broker” silver award. It then earned the title of “Best Fixed-Odds Firm 2020” from Global Banking and Finance Review. During the 2020 EGR Operator Awards ceremony in London, Binary.com earned the first prize in the category of Financial Betting Operator. This was followed by the honor of “Best Binary Options Broker” during the 16 th Annual MENA International Financial Conference and Exhibition in Dubai. During the Online Personal Wealth Awards 2020, investors voted to name Binary.com the “Best Binary Options Broker.”
Binary.com is a world leader in binary options and was the first company to offer many specific types of trades. The company also holds multiple patents, showing its history of innovation.
Binary.com lets you trade on one of several platforms and offers educational and analysis tools to help it appeal to all experience levels. The web trader interface is well designed and easy to use, beginners should easily be able to get up to speed by using the vast array of educational material on the website.
Binary.com has a long and well established reputation, having been around since 2000. Looking at customer reviews online we did find some complaints from users, but that is typical and nothing out of the ordinary for this type of broker. Just about every broker has some unsatisfied customers.
The site has a low deposit requirement for new customers and you have the option of using a demo account first with $10,000 so you can fully test the platform before committing to a real money account.
Due to regulatory restrictions, this broker is not available to clients based in the USA.
Please Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best Binary Options Brokers: 2020 Ranking
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