Binary.com Review and 2021 Tutorial
Binary.com Review provides an online-based binary options platform and CFD-based platform (MT5) that is operated and owned by Regents Market Group. Regents Market Group. The platform allows you to trade on the financial markets which include cryptocurrency and forex markets. This review will give you all the facts you should know about the platform before signing to create an account and start trading.
It wasn’t until 2013 that BetonMarkets.com was changed to Binary.com from the owner of the company to be the leading company in a plan for expansion to capture more of the financial trading. Yuri Shafranik
Today, the company’s headquarters are in Malta situated in the Mompalao Building, Suite 2, Tower Road, and Msida MSD1825. Binary.com continues to serve more than 1 million customers across the globe.
The company has expanded with satellite offices added to Malaysia in addition to Japan. The platform is being developed to be able to handle MT4 in addition to MT5 integration.
Regulation & Reputation
In terms of its status, Binary.com is an award-profitable platform. Over the years, Binary.com has won numerous honors from top reviewers from the financial industry. Yuri Shafranik
These awards confirm the high-quality service Binary.com has provided in the past to its clients.
Traders must be aware that they are dealing with an accredited and licensed broker.
To ensure regulatory oversight, Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156.
In the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.
The platform was also given the Remote Bookmaker’s license through The Revenue Commissioners in Ireland.
Trading Platforms
It’s interesting to note that Binary.com gives its customers an array of trading options. Trading platforms can be classed as (1) basic platforms, as well as (2) the more sophisticated platforms.
Basic Platforms
Two types of platforms are simple that is the Binary.com platform, as well as the Binary Tick Trade Application. Binary Tick Trade Application. Both platforms are designed to trade binary assets and are specifically designed to work on mobile devices.
Advanced Platforms
Regarding the most advanced trade platforms as well as software Binary.com provides the following functions:
MetaTrader 5 is the platform for CFDs and forex trading. MetaTrader 5 platform that is used suitable for CFDs and forex trading
The Binary WebTrader is a sophisticated trading platform that deals in binary options.
Binary Next-Gen platform provides one of the Binary Next-Gen platforms that offers the most modern tools for trading
The platform for trading binary. The Binary Bot platform was created to allow the automated trading of binary
Mobile Trading
As we also said previously that Binary Tick Trade is a Binary Tick Trade app is specially designed by traders who would like to be able to move about and not be dependent on their computer terminals to trade.
The app is a free download and can be downloaded through the Apple App Store as well as Google Playstore. Through the app, traders can check the status of their accounts when trading and performing trades.
Trading Accounts Available
Concerning the kind of trading platform available to customers on Binary.com, The broker has two types of accounts that can be used to trade on the market with a traditional account for trading and a virtual account.
Virtual Account
The demo account, also known as a virtual one is an account to test the waters and includes $10,000 of virtual cash. It lets novice traders test trade platforms and strategies without the risk of losing any real money.
It also provides a tool that allows advanced traders to run back-tests on the strategies and theories used in trading.
Standard Account
If you’re comfortable enough with live trading, you’re eligible to open an account for trading regularly. Contrary to many binary options brokers which require a deposit of $250 or more to open an account to trade live Binary.com requires a minimal amount of $5 to open an account, making Binary.com considerably cheaper.
The process of signing up to create an account can be simple. If you’ve already registered for a demo account, making it a virtual one and then to a regular account is made even easier with a single mouse click.
Account MT5
The MT5 account is a source of CFDs on forex, cryptocurrency as well as a wide range of other financial markets. Metatrader 5 is an innovative addition to the current offerings. It is expected to be in operation in the spring of 2019.
The software is therefore contemporary and comes with a variety of features modern traders require. Limit orders and stop-loss advanced charting and testing trading strategies and one-click trade.
The MT5 platforms were recently tweaked and include titles that reflect the latest features that are used by each account.
So, the standard account became “MT5 Financial” Advanced Account” was changed to ‘ MT5 Financial STP’.
This is the Synthetic MT5 Indices has been changed to just ‘ MT5 Synthetic’.
The meta-trader services provided by Binary.com are constantly improved and upgraded. It is a distinct part of the business.
Bonus
At present, Binary.com is not offering any type of trade-for-free or deposit bonus.
Assets & Instruments
The website Binary.com customers can invest in CFDs as well as four types of binary options. These include up/Down, Touch/No-Touch In/Out, and the End In/Out.
For a list of the different underlying assets available, you can select the 114 types of assets. They include 30 currency pairs, four-currency indexes, 28 market indices, 40 types of stocks, five kinds of commodities, as well as seven different types of market volatility indexes.
With the addition of the MT5 platform, the options are expanded further.
Customer Support
To make life easier for its clients, Binary.com has translated its website into over 12 languages. To get customer support, traders can reach their customer support through live chat.
The complete contact details are available on the Contact Us page on this website.
Deposit and Withdrawal
For the payment method that is recognized through Binary.com, There are plenty of choices. You can use the most well-known credit cards such as VISA, Mastercard. In addition, you can put money into your trading account by using electronic wallets such as Skrill and Neteller.
You can also transfer accounts to trade via online exchanges such as Western Union. If you aren’t connected to an internet connection the funds can be transferred using wire transfer.
Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are also recognized as fiat currencies. In the case of withdrawals, the entire process will take between one and five business days depending on the method you choose.
How to Trade
Binary.com provides a unique platform that is different from all other screens that allow trading. We provide a “How to” guide, explaining the steps of trading.
Below is a photo of the normal view of the trading platform Binary.com. The currency that is used is the AUD/JPY. The kind of trade you can choose is Rise/Fall. The price details are included.
Additionally, there are “purchase” buttons to the right of the screen to complete the contract.
Higher – The price at which you exit (also known as the closing price) must be higher than the price you entered, or the initial price for the price to be effective.
Lower – The price of exit or closing price should be lower than the price at which it was entered or the price at which it was set to begin to be considered successful.
The amount is the one that will be paid when the contract is due to expire. This is determined using an option called length. It can be set to ticks, hours minutes, days, or even hours.
After the trade is completed as per the specifications the trade can be opened in any manner and at the right time frame. The contract is purchased and will remain in force until the expiration date. Be aware of the payments, since they fluctuate according to the fluctuations of the market and other variables that affect the price.
Is Binary.com the best option for Trading daily? Trading?
To trade on the day, Binary.com is a suitable platform as it is capable of offering an expiration time for binary options which could be as low as two mins. The enormous returns also assist in proving the risk associated with the trading of binary options.
The products offered by Binary.com’s website Binary.com website include binary options and contracts for difference (“CFDs”) and other complex derivatives. The trade of binary options may not be suitable for everyone. CFD trading comes with a high degree of risk since leverage can be used to your advantage as well as against your advantage and against. So CFDs on this site may not be suitable for everyone due to the risk that you will lose all the capital you put in. It is not advisable to invest money that isn’t worth losing and never make a bet on borrowing money. Before you trade in the complex CFDs provided, you must be aware of any potential risk.
Accepted Countries
Binary.com lets traders trade located in Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar, and many more.
The traders aren’t able to make use of Binary.com for trading from the United States, Malaysia, Hong Kong, Iran, and the United Arab Emirates.
