Founded in 1999, Binary.com is one of the oldest and most respected names in online binary trading. They provide traders with various award-winning trading platforms to ensure easy access to various financial markets — binary options, forex, cryptocurrency, CFDs, metals, and more. The broker is known for the following core values: integrity, teamwork, competence, and customer focus. Binary.com has over a million registered accounts and more than 300 staff. The minimum deposit required to start trading is $5, and no hidden fees or commission is charged on trades.
Binary.com Review, Pros & Cons
- Multiple trading platforms
- Educational resources
- Useful trading tools
- Various trading instruments
- Not the lowest spreads
- No MetaTrader 5 platforms
- No USA clients
In this detailed Binary.com review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With offices in Malaysia, Malta, Paraguay, and the UAE, Binary.com is an established brokerage firm that gives traders access to over 100 financial instruments. There are various trading platforms to choose from depending on your level of experience — beginner or advanced traders. In honour of their satisfactory brokerage services, Binary.com has won several industry awards, such as Global Banking and Finance Review 2012, EGR Operator Awards 2015, Online Personal Wealth Awards 2017, and more.
In the EU, the broker offers their financial products via Deriv Investments (Europe) Limited, which is regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (license no. IS/70156).
Outside the EU, the broker offers their financial products via Deriv (SVG) LLC, Deriv (V) Ltd, regulated by the Vanuatu Financial Services Commission; Deriv (BVI) Ltd in the British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (license no. SIBA/L/18/1114); and Deriv (FX) Ltd., regulated by the Labuan Financial Services Authority to carry on a money-broking business (license no. MB/18/0024).
The broker’s services are not made available in certain countries, such as the USA, Canada, Hong Kong, or to persons under age 18.
Some Binary.com features and products mentioned within this Binary.com review may not be available to traders from certain countries because of legal restrictions.
Binary.com provides traders with various trading platforms. The available trading platforms are divided into two main categories: Beginner trading platforms and advanced trading platforms.
The Beginner trading platforms include the following:
- Binary.com: This is an easy-to-use platform that’s rich with features and offers a next-generation online trading experience.
- SmartTrader: This is a premier binary options trading platform that allows you to trade in the world’s financial markets with ease.
- Tick Trade Android App: The Tick Trade Android app is a mobile trading platform that lets you trade with your mobile devices.
Also, there are some advanced trading platforms for seasoned traders, and they include the Binary WebTrader, Binary Bot, and the MT5 trading platform, which is available in desktop, web, and mobile versions.
Binary.com Trading Tools
The following trading tools are available on the broker’s website: asset index, FIX API, charts powered by TradingView, and more.
Binary.com provides traders with various educational resources, such as learning articles, platform tours, trading guides, FAQs, glossaries, and more.
Binary.com offers the following trading instruments: binary options, forex, cryptocurrencies, CFDs, and metals.
Binary.com Accounts & Fees
The broker provides traders with a Standard live trading account, which has a minimum deposit requirement of $5. There is a demo account to help traders familiarize themselves with the broker’s platforms before opening a live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Binary.com review. It is imperative to ensure that you check and understand all of the latest information before you open a Binary.com broker account for online trading.
The broker provides traders a professional customer support team who are available 24/7 and can be reached via email, social media, and Live Chat.
Binary.com Deposit & Withdrawal
The following payment methods are accepted at Binary.com for both account deposits and withdrawals: credit/debit cards, e-wallets, and cryptocurrencies.
Binary.com Account Opening
To open an account, click on the ‘Create Free Account’ button on the homepage of the broker’s website and fill in the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Operating since 1999, Binary.com is a multiple award-winning broker that offers access to trade over 100 trading instruments. Trades are executed via a range of trading platforms, which are available for multipe devices including desktop, web and mobile. There is a selection of learning and trading tools, as well as a competent client support team. The minimum deposit required to start trading is $5. The broker is regulated in multiple jurisdictions to help give clients peace of mind.
The products offered via this website include binary options, contracts for difference (“CFDs”), and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.