1. How to trade using this platform?
Binary.com review - Is Binary.com a Trustworthy Broker?
Have you made up your mind to become a binary options trader? If that is the case, then you surely need the assistance of a reliable broker also. We did a bit of research on our part and realized that Binary.com is worth the consideration and we will just answer why.
Binary.com Website
Overview:
- Minimum Deposit: 5$
- Minimum Trade Amount: 5$
- Max. Return: Up to 100%
- Tradable Assets: +100
- Regulated by MGA and others
- Demo Account: YES
Note: Your capital is at risk
Introduction
Binary.com was founded way back in 1999 by Binary Group Ltd. and is a trusted name in the binary options trading industry. Way back in 2016 Binary.com released its auto-trader and also introduced the Bitcoin accounts.
This broker focuses on making rapid developments. Let us explore the regulation details of this broker before looking at the features.
Binary.com Regulation
This broker is regulated and licensed and has a loyal clientele of about 1,000,000 global customers. Currently, Binary.com has acquired the membership of FFAJ, and also holds the license of Malta Financial Services Authority.
This broker is also licensed by Vanuatu Financial Services Commission.
Fast Binary.com Registration
Registering with Binary.com is also a quick process. You need to visit the website and click on the create account option for creating your account with this broker. Once you have created your account use, Binary.com log in to get access to your account.
Account Types
You can get access to two different types of accounts with Binary.com.
Real Account:
You can use the fiat or cryptocurrency while trading using the real account.
Binary.com Demo Account:
If you are just starting off with binary options trading, then make sure that you are comfortable with the look and feel of the broker you select. For this, it is essential to make use of a demo account. The good news is that Binary.com does offer a practice account.
This means that you get a fair chance to try out your trading strategies using Binary.com demo account. This way you will not have to worry about any losses at all. The best part is that you can get hold of a virtual credit of about $10,000 with the demo account.
Key Features of this Platform
Binary.com Deposit Details
Well, you do not have to worry about the fact that you will have to make a massive deposit to this platform. The good news is that the Binary.com minimum deposit amount is just about $5.
Another plus is that you can make use of a variety of deposit methods to submit your deposit amount. For example, you can use credit cards or net wallet. This platform also accepts Visa Card and Master Card. You can also use cryptocurrency to deposit this platform.
If you are a new trader, then you do not have to invest big. You can even start trading with a minimum amount of about $1.
Binary.com Withdrawal Information
You have a wide variety of withdrawal methods available when you select Binary.com. The minimum withdrawal time is about 3 to 5 days.
Binary.com: Payment methods
Dependable Charts and Technical Tools
Every trader is focused on placing trades that can earn him profits at the end of the day, but for that, you need a starting point. Binary.com offers technical analysis and charting tools so that it becomes easier for you to analyze the market trends. The price bands and the indicators will make it simple for you to make your decision.
Get Hold of the Powerful Binary.com Robot
If you are reluctant to opt for manual trading, then you can explore another option, and that is automated trading. Binary.com provides a reliable binary bot. You can make use of a simple drag and drop function for coming up with your trading apps.
The Binary.com robot is a great option for those traders who are relatively new in the field of trading.
Trade on the Go with Binary.com Tick Trade App
You can trade from anywhere in the world by using theBinary.com Tick Trade app.
Tick Trade App
Advanced Binary.com MetaTrader 5 Available for Forex Trading
If you are eager to trade the CFDs and Forex, then you should invest your trust in MetaTrader 5 as it is a recognized global standard.
To trade in the Forex market efficiently, you need to follow some rules while using Binary.com. It is important that you should be able to read the currency pairs. At the same time, it is vital to know when you should buy or sell.
When you have made up your mind about your position, then you should buy your currency pair on MetaTrader 5. For example, if you decide to go long, then, in that case, you will need to buy EUR 1 for about $1.17726.
If you decide to go short, then in that situation you will have to sell EUR 1 and receive about $1.7726 in return. For both, the cases MetaTrader 5 offers the buy and sell button to manage your Forex trades.
Even for forex trading, you need to have a minimum account size of about $5. The minimum position size has to be about 0.01 lot, and you can go with a variable spread type. Binary.com offers a margin call level of about 150%, and the stop-out level is about 75%.
The major advantage of opting for Binary.com MetaTrader 5 is that you can customize your trades so that you can look forward to a higher pay-out. Trading the volatility indices 24/7 also becomes a lot more fun with MetaTrader 5, and you can benefit from the algorithmic trading also.
Binary.com WebTrader Offers a Generous Return
If you are careful about monitoring the market trends, then you can even look forward to a return of about 91% using this platform. The best thing about the WebTrader is that it is easily accessible in any browser in about 13 different languages.
Plus, you can get hold of many customizable features with the WebTrader. For example, you can arrange the charts and assets.
Web Trader
Lavish Binary.com Bonus to Encourage the Traders
The biggest incentive for any trader is the bonus offered by a trading platform. Well, Binary.com will not disappoint you in any way. This platform offers a lavish bonus of about 100%.
Various Trading Options Available
You can try out various trading options using this broker. You can explore Touch/ No Touch, In/ Out and Up/ Down options. What you should do is explore the trading options and devise strategies that can help you earn the maximum profit.
Smart Trader
Plenty of Expiry Options Available
It is up to you to go for short interval expiry time or long interval expiry time. If you want to make quick profits, then you can opt-in for an expiry time of about 15 seconds to 60 seconds. If you feel comfortable in long interval trades, then you can even select an expiry time of 24 hours while trading using this platform.
Best Features
| | We also feel the need to highlight the best features that should compel you to go for this platform right away.
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Frequently Asked Questions
When you log in to your account, you will be directed to the trading screen. You will have to define the trading parameters on the screen and start trading.
2. How to seek assistance from the customer support?
If you are stuck at any point in time, then you can email your queries to the support team. If the query is urgent, then you can also call on the phone numbers that are listed on the site of Binary.com.
3. Does this platform allow early closure?
Yes, early closure is allowed by this broker so that you can minimize your losses.
4. What are the different expiry times that you can choose for binary options trading?
The trader has plenty of options when it comes to the expiry time. You can opt for 15 seconds, 30 seconds or even 60 seconds expire. You can even opt for longer expiry time like 24 hours.
Conclusion
Binary.com is an ideal platform to commence with binary options trading. It is a feasible option both for new and professional traders. If you want to excel using the platform, then make sure that you explore the platform first. This way you will develop a comfort zone with this platform and will be able to get the desired results.
Note: Your capital is at risk