BinaryCent.com stands out as a distinctive binary options broker that is sure to attract more attention. There is one particular reason why this platform has gained significant recognition. The services provided by BinaryCent include deposit and withdrawal processing as well as the ability to trade and fund your account with cryptocurrencies. Your binary options trading account can be funded with Bitcoin, Dash, Ethereum, or any of the other major cryptocurrencies.
BinaryCent Summary
- Open an account start with a deposit of $100
- You can now execute trades as small as $0.10, which is equivalent to just 10 cents! This flexibility allows even the smallest investors to participate in the market and take advantage of trading opportunities.
- You can use cryptocurrencies for both deposits and withdrawals. This implies that you can fund your account or withdraw funds from your account using a digital currency such as Bitcoin or Ethereum. It provides a safer and more hassle-free alternative to conventional banking procedures.
- You have the option to engage in binary trading, CFD trading, or forex trading with leverage of up to 1:100. This means that you can potentially amplify your investment and increase your potential returns, but it also carries a higher level of risk that should be carefully considered.
- Copy Trading is an option available to users of BinaryCent’s site. This means that the platform’s users can mimic the transactions of successful traders in an automated maner. It’s a simple approach for those who don’t have a lot of time or knowledge to invest wisely with the help of the best traders of Binarycent. Users might possibly profit from the expertise of experienced traders by choosing to follow them.
- Trade contests offer you the opportunity to actively take part and showcase your skills in a competitive environment. By participating, you can gain recognition, and potentially win valuable prizes or rewards.
- Take advantage of the Deposit Match incentive when you make your initial deposit. No matter how much money you put in at first, this bonus will double it. We will match your deposit, no matter how big or small, so you can put twice as much money into the game.
- When it comes to trading, Binarycent is a platform that has all the bells and whistles. Traders can use these instruments to better understand the market and make educated judgments. You may improve your trading experience with Binarycent’s several chart formats, indicators, and technical analysis tools. No matter how much or how little trading experience you have, you may use these tools to your advantage.
Cryptocurrencies accepted at BinaryCent
BinaryCent is a platform that accepts various cryptocurrencies for transactions. Some of the cryptocurrencies supported include:
- Bitcoin and Bitcoin Cash
- Litecoin
- Ethereum
- Zcash
- Primecoin
- Peercoin
- BlackCoin
- Dash
- Monero
- Reddcoin
BinaryCent Trading Platform
The platform offered by BinaryCent.com is highly impressive. Upon logging in, the abundance of features and options might initially overwhelm you. However, a brief tour will quickly demonstrate the advanced nature of this platform. On the top left corner of the screen, you’ll find convenient links to various trading tools. These include economic announcements, chart patterns, and technical analysis tips. The tools even come with helpful charts to assist you in making informed trading decisions.
The trading screen is the central component of the platform and serves as its main interface. It provides users with essential tools and information needed for conducting trades effectively. The centerpiece of this platform is a powerful chart that offers multiple viewing options. Whether you prefer tick/line or candle format, you’ll have full control over how you analyze the data. In fact, the candle format is built with TradingView’s highly customizable charting package, which is known for its advanced features – just like those found on the leading forex websites. Binarycent is the ultimate trading platform that caters to all your needs. With a wide array of technical indicators, drawing tools, time frames, and customizable settings, it offers everything you could possibly require for seamless trading.
The asset list is respectable and provides a good selection of financial instruments on which to speculate. Ten foreign exchange (FX) pairs, two commodities, four equities, and five crypto currency pairings are covered, so while it’s not comprehensive, it nevertheless covers some key ground. You can choose from three different time frames: Turbo, Intraday, and Long Term. when trading these options. Turbo options provide you the flexibility to trade quickly, with expiration times ranging from 1 minutes to 30 minutes in 1-minute increments. This makes them perfect for trading techniques with extremely short time horizons. Options for Intraday expiration begin each hour and continue through the day’s end, for a total of 24 daily chances. End-of-day alternatives, which can last up to 30 days, are the longest-term choices. Depending on variables like the option’s expiration date and volatility, the payout might be anywhere from 60% to 80%.
Regulation and Safety
Binary options brokerages have unfortunately gained a negative reputation, largely due to the high occurrence of fraudulent activities within the industry. However, it is important to note that Binarycent stands out as a reputable broker. You can trust their services and have peace of mind while trading with them.
INVOLVA CORP, a well-known company, operates multiple brokerages while also having a subsidiary. While there are some negative reviews online about the regulation and legitimacy of Binarycent, a closer look reveals that many of these instances are the result of users misinterpreting the terms of use. It’s important to carefully review and understand the terms before drawing conclusions about the platform..
If the previous statement appears unclear, we understand. To clarify, we will delve into more specifics in the upcoming section of this review, specifically addressing bonuses and withdrawals.
Deposits And Withdrawals
Binarycent, similar to its sister company BinaryMate.com, prides itself on a remarkably speedy withdrawal processing period of only one hour. This means that users can expect to receive their funds quickly and efficiently, making Binarycent an appealing option for those who value swift and reliable transactions. You can fund your account using a variety of deposit methods, such as e-wallets, credit cards, and wire transfers. These are widely accepted deposit methods that support both the US dollar and the Euro. The main benefit is that withdrawals can be processed quickly, but another perk is that a wide variety of cryptocurrencies can be used. As a result, you have more leeway and ease in handling your money.
In order to withdraw funds, it is necessary to go through an identity and account verification process. Please note that this may take some time, so the initial withdrawals might not be as quick as expected. To withdraw funds, you will need to have a minimum balance of $50 in your account. The good news is that there are no fees associated with withdrawing funds.
Trading Account Types
This broker is currently offering sign up and welcoming bonuses for new clients. By taking advantage of these bonuses, new clients can get additional benefits when they join the broker’s platform. There are three account levels available: bronze, silver, and gold. Each level offers increasing benefits to enhance the user experience. Depending on the account level, different bonuses and benefits are available. Bronze level accounts can receive up to a 20% bonus, while gold level accounts can enjoy up to a 100% bonus. Additionally, both bronze and gold level accounts are eligible for three risk-free trades. These incentives provide added value and help enhance the trading experience for account holders at different levels. In risk-free trades, any lost funds are replaced with bonus money. This provides a safety net for traders, ensuring that they do not suffer financial losses. When it comes to claiming a bonus, it’s important to remember that certain terms and conditions apply. For instance, you may be required to meet a turnover requirement of 20 times the bonus amount within a specified time frame. It’s essential to familiarize yourself with these guidelines in order to fully benefit from the bonus offer. In order to qualify for the bonus, it is important to achieve a minimum account turnover of 3 times within the first 3 months. If this requirement is not met, the bonus will be withdrawn along with any profits obtained from it. In order to qualify for the bonus and any profits earned from it, it is important to meet the turnover requirement. It is crucial to note that making a withdrawal before meeting the turnover requirement will result in the cancellation of both the bonus and any associated profits derived from the bonus.
BinaryCent Bonuses
When it comes to binary options brokerages, bonuses often raise concerns among traders. So, how does Binarycent compare in terms of bonuses and promotional offerings?
While bonuses can be enticing, it’s important to remember that they are not mandatory. If you choose to accept a bonus, there are usually specific terms and conditions that you will need to agree to. One crucial requirement is that your account needs to reach a specific minimum trading volume or turnover before you are eligible to withdraw funds from it. To clarify, in order to meet the requirements, your turnover needs to be three times greater than your initial deposit, which includes any bonus amount you receive.
To make it easier to understand, imagine that you invest $3000 in a gold account. As a bonus, you receive an additional $3000. However, there is a requirement that you have a turnover of at least $18,000. This turnover includes your initial deposit of $3000 and the bonus amount multiplied by three ($3000 bonus X 3). The path to success in trading can be challenging and require significant effort before you can start reaping the rewards of your hard work.
The broker makes it evident on their website with clear statements providing all the necessary information. Unfortunately, due to a lack of research conducted by many investors, this specific issue has resulted in numerous negative online reviews and allegations of fraud. It’s important to understand that although these terms may not be desirable, they are not considered fraudulent or illegal. Additionally, it’s worth noting that bonuses are not mandatory. If you prefer not to be bound by these conditions, you have the option to decline the bonus offer.
If you found the information above helpful and are considering using a bonus, we have a special code exclusive for our readers.
Trading Tournaments
Every account is automatically entered into the trading contest, ensuring that everyone has a chance to win. The contest distributes 20 prizes on a weekly basis, creating exciting opportunities for participants. The contest evaluates participants based on their trading volume, win rates, and profits. It’s worth noting that even the copy trading features can help users secure a win. Exciting prizes up for grabs include $1000 in cash, iPhones, and bonus money.
Copy Trading
BinaryCent.com offers an excellent copy trading feature that is ideal for beginners or anyone who prefers to follow the trades of more experienced traders rather than making their own trades. This allows users to benefit from the expertise and strategies of successful traders while minimizing the risks associated with trading. In the trading world, traders are selected based on their win rates. This means that their track record of successful trades is taken into consideration. As an investor, you have the freedom to follow as many traders as you wish, as long as your trading account is properly funded. If you decide to follow a trader, you have the flexibility to adjust the trade size according to your preference. You can choose any amount ranging from 1X to 100X of the original trade size.
Customer Service
Binarycent’s customer service is generally considered to be satisfactory. While it may not exceed expectations, it meets the basic requirements and addresses customer needs adequately. The Binarycent team is accessible throughout the workweek, from Monday to Friday, providing round-the-clock support. You can easily reach them through various channels such as email, phone, video chat, live chat, or by filling out an online contact form on their website.
The brokerage firm provides customer support services that are not only helpful and responsive but also offered in multiple languages. This includes English, Chinese, Russian, Arabic, and Afrikaans. No matter what language you speak, they aim to assist you effectively and efficiently.
While Binarycent’s customer support is generally of good quality, one potential downside is the absence of true 24/7 support. This means that customers may not have assistance readily available at all times, which could be a concern for some individuals. When trading with this brokerage, it is important to note that quick thinking and responsiveness are often crucial. However, it’s unfortunate that this can sometimes be hindered by certain factors.
Company Info Contact Details
BinaryCent.com is a brokerage firm that shares common ownership with BinaryMate.com. According to the website, the company is registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. INVOLVA CORP has entrusted the company to manage their brand operations. If you want to get in touch with them, you have multiple options available. You can contact them via live chat, email, or phone call. To send an email through the company website, simply navigate to the “Contact” or “About Us” section and look for a designated email address. If you prefer contacting them via phone, you can reach the English phone contact at +442080685335.
Conclusion
Selecting the right broker to deposit your funds is a significant decision, and it’s great that you have taken the time to read this until the end. Throughout our interaction, our aim has been to offer practical and valuable information. We hope that we have successfully delivered actionable insights and helpful advice along the way. Binary options can be a complex and sometimes risky investment option. However, it is worth noting that Binarycent is considered as one of the few reputable brokerages in this field. If you are interested in exploring binary options, it may be wise to consider their services and expertise to navigate through this challenging market.
If you possess a strong understanding of trading binary options, CFDs, and other financial instruments, Binarycent is an excellent option due to its user-friendly platform and accessibility. However, it is crucial to carefully review the terms and conditions before proceeding.