Binarycent review and test – Is it a scam or not?
Table of Contents
Review: | Regulation: | Minimum deposit: | Yield: | Special: |
|---|---|---|---|---|
 (4 / 5) | No | $ 250 | Up to 95%+ | Copy-trading, Bonus |
Are you in search of getting an ideal online broker to start your trading journey? Then this BinaryCent review is for you. Let this review make your dream come true to become a pro-trader through this platform. This review will inculcate all the possible questions, issues pertaining to deposits, withdrawal, security, and operating countries. Let’s read this review vigilantly, as it can be your life changer. Is it really worth investing your money with BinaryCent? – Find out in the following article.
(Risk warning: Your capital can be at risk)
What is Binarycent? – Introduction
Binarycent is a Marshal Island-based binary trading platform that has been developed since 2016. A business named Wave Makers LTD operates the BinaryCent.com trading site. It offers a wide range of trading platforms like CFDs, Forex, and binary trading. It has an easy interface and easy method of account opening. Like other brokers, it also provides a variety of account types.
The deposit and withdrawal method are so efficient that it provides withdrawal in just 1 hour. It provides live assistance to its users and it has also won the best broker award. It allows its users to trade from a tiny amount 0f 0.10 $. It provides unique features of copy trading by copying the trade of experts and earning money and entering into the weekly trading contest. Let’s discuss binary cent in detail.
Facts about the company:
- Broker for binary trading, forex, and CFD
- Founded in 2016
- Based in Marshall Islands
- Offers trading with 10 cents per trade
- Accepts international customers
Regulations and safety of BinaryCent
BinaryCent is a platform that is secure and is being operated under SSL security. When it comes to the safety and regulations of users’ funds, each broker provides assistance in the form of security and regulations from certain financial commissions. Funds of the users are kept in segregated accounts to provide full proof of security to users’ funds. BinaryCent has gained people’s trust by giving them confidence, security, and staying up to the mark without being regulated. This is the success of the BinaryCent. But the broker is not regulated by an official financial authority. It is a typical offshore brokerage service.
BinaryCent is not regulated by an official finance authority.
(Risk warning: Your capital can be at risk)
Trading conditions and offers for clients
All the brokers in the market give immense opportunities to their users to earn money by providing key guidance and tricks. However, these opportunities come with certain conditions that users have to obey in the response to getting the facilities offered by the broker. For instance, BinaryCent offers a web platform and a mobile app to start trading and other key promotions to attract users to join the platform. It also offers a unique feature of copy trading and the trading contest to encourage users to take part in it.
BinaryCent has five asset classes:
- Stocks
- Cryptocurrencies
- Forex
- Commodities
- Indices
The yield/payout can be up to 95% per trade. That means you invest $ 10 in one trade and if you made the right forecast on the chart you will earn the amount of $ 19.5. More than 100 different assets are offered to trade. The minimum deposit is only $ 250. To your disadvantage, the demo account is only available after depositing the minimum deposit.
Furthermore, there are different account types where you can gain more advantages in trading. We will discuss this later in detail. For depositing money there are multiple payment methods and also a deposit bonus is offered. All in all, we can say that BinaryCent has very good offers for trading binary options. The biggest advantage is the small minimum trade amount of 10 cents. It is the only broker with that offer.
Conclusion of the BinaryCent trading conditions:
- Minimum deposit $ 250
- Free demo account after depositing money
- Trade with only 10 cents
- More than 100 different assets
- Multiple account types
- Fast payment methods
- Yield up to 95%
- Bonus
- Web-platform and mobile app
(Risk warning: Your capital can be at risk)
Review of the Binarycent trading platform
The trading platform is offered by all the brokers to its users with different features in it; in order to provide ease to its users. However, the trading platform offered by BinaryCent is something new in the market. By clicking on the trade option you get to the main page of the trading platform, where one can see a variety of options to understand and use the interface of this web platform. It has 95% max payouts.
It has different trading pairs and markets on the left side of the bar. It has a live price action of different commodities and other offered markets provided by the famous service Tradingview.com. In the middle of the bar, there is an account holding tab, where one can see its current holdings and ongoing trades in the market. It has a multi-lingual web platform to assist users from different parts of the world.
For the technical analysis, it gives access to the trading view platform to have good research on the particular coin. The platform has stocks, commodities, cryptocurrencies, and forex pairs from which traders can choose. It is possible to trade with any of them using long-term, short-term trading by the use of tools available on the platform. The users can view their trade history at the bottom of the web platform. This web platform is comprehensive and provides all-around work for traders.
Facts about the trading platform:
- Available for desktop and mobile phone
- One-click trading
- Charts provided by tradingview.com
- Indicators
- Drawing tools
- Technical analysis is possible
- Professional charting
- Easy to navigate
(Risk warning: Your capital can be at risk)
Charting and analysis
If one wants to become successful in trading, then the user must firmly grasp the roots and concept of understanding the charts and technical analysis of the market that helps the users to enter and exit the market at an appropriate time. BinaryCent provides a great number of tools to do the technical analysis of the desired coins. It helps to identify the right time to invest in the stocks and again the right time to withdraw the money with profits.
Mobile Trading
Mobile apps are used to improve consumer loyalty by allowing brokers to connect directly with their customers via in-app purchases, advertising, promotions, and alerts sent through mobile apps to customers’ phones. BinaryCent has made a big step in developing an app for its users that is available in the play store and ios store. The app is easy to use and the user needs to enter a phone number. The basic advantage of this app is to do emergency trade while the users are not available on the web screen.
Starting to trade with BinaryCent
Trading is not an easy job for beginners. However, it can be made easy with the help of experts provided by different platforms. Like other platforms that impart knowledge to users, BinaryCent has taken practical steps in the right direction to give live guidance with the help of their experts online available.
Overall it is very simple to trade with BinaryCent. We want to discuss this now with you. First of all, you have to analyze the chart and asset you want to trade. For trading, you have to make a forecast of the price movement. Will the price go up or down in the next time period? In the order mask, you choose the expiration time of the trade.
Then you choose the investment amount. You can start with only 10 cents. In the picture above you see that we inserted 10 dollars in the trade. If you are finished with setting up your trade you can trade with “Call” and “Put”. Take “Call” by trading long and take “Put” by trading short. For example, you say the price of the EUR/USD will rise in the next 5 minutes, you will take a “Call” trade.
- Choose the asset you want to trade
- Make a forecast of the price movement
- Choose the trade expiration time
- Choose the investment amount
- Trade on rising or falling prices
- Open the trade
- Collect your profit/loss
Special features of trading in Binarycent
Following are the special features offered by the binary-cent
(Risk warning: Your capital can be at risk)
Trading contests
For all the trading contests, every Binary-cent account is considered. Every week, twenty exciting prizes are given. Typically, this contest is based on win rates, the volume of trading, and wins rates. But via copy trading features, it can also be won. An iPhone, a bonus added to the account, and $1,000 in cash are some of the top prizes.
Copy-trading
Copy-trading in Binary-cent makes it easy for beginners to understand how to make profitable moves. This term refers to copying seasoned traders to replicate their success. As long as one’s budget allows, users are allowed to follow as many traders as they wish. It helps to increase newbie’s trade size and boost their chances of winning. When looking for trades available, always check expiry times.
Opening an account
Account opening in binary-cent is an easy process. By going into the website and clicking on the signup icon. All users have to do is enter a name, mobile phone, country, and accept the terms and conditions of the Binarycent. A verification email will be sent to the user’s email and then after clicking their account will be active, and the user can start trading through his account.
Like another broker, it also provides a variety of features in different trading accounts.
Bronze account
- A minimum deposit of $250
- Copy-trading tool
- Live video chat support
- 20% deposit bonus
- 1hr withdrawal
- Demo account
Silver account
- A minimum deposit of $1000
- Copy-trading tool
- Demo account
- Live video chat support
- 1-hour withdrawal
- 50% deposit bonus
- Master Class
- First 3 risk-free trades
Gold account
- Demo account
- Copy-trading tool
- Live video chat support
- 1-hour withdrawal
- 100% Deposit Bonus
- Master Class
- 3 Risk-Free Trades
- Personal Manager
- Minimum 3000$ deposit
(Risk warning: Your capital can be at risk)
BinaryCent demo account: Only for deposits
A demo account is offered by the brokers to give them the live experience of trading. However, BinaryCent has taken a different stance on it, and it has provided a demo account, as they want the users to learn and earn through trading actually and to prepare themselves for the test of their nerves during unpredictable times. So demo account facility is provided by BinaryCent but only after making the minimum deposit of $ 250.
Negative balance protection
The negative balance of protection is a great option that helps users from going negative. However, there is not clearly not mentioned, but the web platform has the option for stop-loss from which one can save its funds from getting into negative and an option of copy trading that mitigates the chances of going into a negative balance.
Deposits and withdrawals with BinaryCent
When choosing the broker users pay special heed to the process of deposits and withdrawals offered by the brokers. Deposits of binary-cent are offered in the followings ways:
- Credit and debit cards
- Crypto-currencies wallets
- Skrill
- Web-money
- Netteler
Minimum deposits vary from account type to account type:
- A bronze trading account has a minimum deposit of $250
- A silver trading account has a minimum deposit of $1000
- A gold trading account has a minimum deposit of $3000
How to make a withdrawal
Withdrawal is often complicated. However, the withdrawal service of BinaryCent is great as it provides instant withdrawal in just 1 hour via digital methods. Credit cards withdrawal is a 5% transfer fee
(Risk warning: Your capital can be at risk)
Support and service
All the brokers provide support and service to their users to provide their services without any interruption. However, binary-cent provides a unique feature apart from providing responses to the users’ queries. Binary-cent facilitates its users in the following ways.
- Live chat
Live chat is a great and unique feature that will help the users by providing them with emergency contact to assist during their trading.
- Web contact
During the trading on the platform, the users get an agent to get live help from their experts that is there for the users to provide help during trading.
- Call
Support and assistance can also be gained from the experts and competent team of binary-cent by calling at +18299476391
Conclusion of the BinaryCent services:
BinaryCent provides a variety of services to its users. Following are the services provided by the platform
- Guaranteed withdrawals processing within 1 year
- Non-stop trading over weekends
- Wide range of deposits and withdrawal methods
- 100% secure trading platform
- TO trade under the guidance of experts
- Multi-lingual customer support
- Binary option strategies
- Different account types
- Promotions and giveaways for users
Accepted and forbidden countries
Although it has the vision to provide services to all continents. However, it is operating in the following countries
- Australia
- Thailand
- United Kingdom
- South Africa
- Singapore
- Hong Kong
- India
- France
- Germany
- Norway
- Sweden
- Italy
- Denmark
- United Arab Emirates
- Saudi Arabia
- Kuwait
- Luxembourg
- Qatar
The team is operating currently in these countries at the moment. However, they will soon launch a list of restricted countries as well. The company does not operate on the territory of the United States of America.
(Risk warning: Your capital can be at risk)
Offers and promotions:
Binarycent provides a variety of offers and promotions to its users to earn more by inviting their friends and by meeting certain requirements of trading. For those making their first deposit, BinaryCent provides incentives. Using the incentives and promotions offered by the broker, a trader will increase investments and make good profits.
- Three different levels come with incentives.
- For a bronze account, the bonus is 20 percent,
- 50 percent for a silver account
- 100 percent for a gold account
Note: Each bonus has minimum criteria to become eligible for the bonus.
- For bronze level, the minimum deposit should be $250 plus
- For the silver level, the minimum deposit should be $500 plus
- For Gold level minimum deposit should be $3000 plus
BinaryCent provides its users with a range of opportunities to earn and win various valuables. However, each promotion comes with certain criteria to enter into the giveaways. Prizes are selected for the users to make their trading more efficient and reliable.
Currently, these offers are on the list
- 10 prizes of apple watch series 6 by depositing from $500-999$
- 5 prizes of iPhone 12 pro 256GB by depositing from $1000-2499$
- 5 prizes of iPad pro by depositing from $2500-4999$
- 3 prizes of Mac 27” by depositing $5000$ plus
- It also offers trading contest with a prize fund worth $20000
- It has free registration and has 20 winners every week.
Conclusion of the BinaryCent review
BinaryCent is a brand new broker, but it offers a very wide variety of trading options. Including a mobile app, multiple deposit methods, demo account access, and exceptional welcome bonuses, they offer all the stuff that any trader would like to have. The trading platform promises to offer beginners an opportunity to trade online, but it seems that their minimum deposit speaks otherwise. BinaryCent is a perfect broker for the 10 cent exchange, with clear deposit and withdraws methods and outstanding customer service. Thus, it is a platform that provides great facilities and immense opportunities to earn money with the help of experts also.
BinaryCent review
Summary
BinaryCent is a secure trading platform with competitive spreads and no hidden fees.
BinaryCent is a typical offshore broker with good conditions. But be careful because it is not a regulated company. (4 / 5)
Trusted Broker Reviews
(Risk warning: Your capital can be at risk)
FAQ – The most asked questions about Binarycent :
What is BinaryCent?
BinaryCent is a trusted and reliable brokerage platform where traders and investors can deal with CFD and forex currencies and continue with binary trading. It was founded back in 2016 and is based in the Marshall Islands. Since then, it has been one of the best trading brokerage platforms. It charges only 10 cents per trade. On top of everything, it also allows international traders and investors to open their accounts.
Is BinaryCent a protected site?
Yes, there is no doubt that BinaryCent is a protected site. You won’t have to worry about the safety and security of your deposits, asset holdings, and account. It is a protected site as it has acquired SSL certification, providing optimal security and protection.
Is BinaryCent regulated under any authority?
No, BinaryCent is not under the regulation of any international authority. Instead, it is an offshore brokerage platform. Nonetheless, the platform is completely trustworthy, and you won’t have to worry about anything else.
What are the payout percentage and charges involved with BinaryCent?
BinaryCent is a brokerage platform that allows traders and investors to deal with five different assets. It has a payout of 95% of the trade, offering maximum chances to gain profits. Also, the minimum deposit on this platform is only $250.
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Last Updated on January 27, 2023 by Arkady Müller
