Based in Majuro, Marshall Islands, Binarycent is a trading broker that gives traders access to a proprietary web-based trading platform for trading various financial instruments, including binary options, forex, cryptocurrency, and CFDs. They provide traders with educational resources and a 24/7customer support team to assist them. Traders are allowed to choose the account type that suits their trading objectives, and the minimum deposit requirement is $250.
Binarycent Review, Pros & Cons
- Proprietary trading platform
- Educational materials
- Multiple financial markets
- Various account types
- Not regulated
- Minimum $250 deposit
- Not the lowest spreads
- No USA traders
In this detailed Binarycent 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.
Binarycent is an online financial services provider that allows traders to buy and sell several financial instruments via an in-house-developed trading platform. Traders get access to some competitive trading conditions, such as multiple account options, leverage of up to 1:100, various payment methods, low spreads, zero commissions, and more. The minimum deposit required to start trading is $250.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Binarycent nor its agents or partners are not registered and do not provide any services on the USA territory.
Some Binarycent features and products mentioned within this Binarycent review may not be available to traders from certain countries because of legal restrictions.
Binarycent provides traders with a proprietary trading platform called the Binarycent Trading Platform. The platform is loaded with various useful tools to help traders get the most out of their trades. It is designed to allow traders of all levels of experience to trade with ease. The platform is available as a WebTrader that runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge. It is also mobile responsive, and as such, traders can access the full functionality of the platform via the screens of their mobile handheld devices.
Binarycent Trading Tools
There are no standalone trading tools on the broker’s website at the moment.
The broker’s website is replete with educational resources that can help traders improve their trading knowledge. These educational resources include learning articles, trading guides, and an FAQ section that answers some of the common questions that traders may have.
The broker offers the following trading products: binary options, forex, stocks, cryptocurrency, and CFDs.
Binarycent Accounts & Fees
The following live account types are available at Binarycent: Bronze, Silver, and Gold. The accounts have minimum deposit requirements ranging from $250 to $25,000.
As broker fees can vary and change, there may be additional fees that are not listed in this Binarycent review. It is imperative to ensure that you check and understand all of the latest information before you open a Binarycent broker account for online trading.
The broker’s client support team is available 24/7 to respond to clients’ general, technical, and account-based trading inquiries. The support team can be reached via telephone, email, Live Chat, and social media. The broker’s website is available in seven different languages to reach a wider audience.
Binarycent Deposit & Withdrawal
Traders can deposit and withdraw funds, to and from their trading accounts, using any of the following payment methods:
- Bank wire transfer
- Credit/Debit cards: Visa, MasterCard, and Maestro
- Online payment processors: QIWI, WebMoney, Neteller, and Skrill
- Cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and more.
Binarycent Account Opening
To open an account, click on the “SignUp” icon at the top-right corner of the broker’s website and fill out the account application 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.
Founded in 2017 in the Marshall Islands, Binarycent is a retail trading broker that provides traders with the resources required to buy and sell various financial markets. Traders benefit from several competitive trading conditions, such as multiple account options, leverage of up to 1:100, tight spreads, and more. The minimum deposit required to start trading is $250. However, the broker is not regulated by any known financial authority at the moment.
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.