BinaryCent Review

BinaryCent
Up to 100% Bonus + 3 Risks Free Trades
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Overview

Last BinaryCent Review: 17th March 2018 BinaryCent was established in 2017 and within a short span of time it gained immense popularity amongst experienced and novice binary traders. This brokerage firm… more

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Broker Details

Broker BinaryCent
Website URL www.binarycent.com
Founded 2017
Headquarters Cent Projects Ltd
Support Number +1-829-9476378
Support Types Email , Live Chat , Phone support
Languages English , German , Italian , Russian , Arabic , Thai , Spanish , French
Trading Platform Propietary
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $0.10
Promotions Up to 100% Bonus + 3 Risks Free Trades
Payout 90%
Free Demo Account No
Regulated Yes
Account Types Bronze , Silver , Gold
Number of Assets +100
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.0

Pros

  • Trade Binary Options & CFD
  • Up to 90% Payout
  • Trades from $0.10
  • 24/7 Live Video Chat
  • 1-Hour withdrawal
  • Up to 100% Deposit Bonus + 3 Risks Free Trades
  • $20,000 Weekly Contests

Full Review

Last BinaryCent Review: 17th March 2018

WARNING! Broker Not Recommended

BinaryCent is not longer recommended broker.

Check our list of regulated binary  brokers.

BinaryCent review

BinaryCent was established in 2017 and within a short span of time it gained immense popularity amongst experienced and novice binary traders. This brokerage firm was developed by a team of specialists and professional trading experts who envisioned a powerful online-trading solution with seamless interface, robust trading platform and most importantly exceptional user experience.

Binary Cent came into existence with an aim to meet the present requirements of traders. The broker is operated and owned by a Scottish financial firm.

The broker is focused on small investors who aspire to make the most of binary options trading.

This comprehensive BinaryCent review unveils a detailed picture of the broker, its product specifications and how well it has performed in the market so far.

Trading Platform

BinaryCent features an in-house trading platform that can either be accessed via web or mobile devices ( iOs and Android ). The trading platform comes with many eye-catching options, which indeed showcases how reliable and efficient it can be. This exclusive BinaryCent platform is quite easy to use and even beginners will get accustomed to it right after reviewing the various features.

Plus, to help traders with the best, this platform is equipped with tons of assistance including live video chat, help tool and much more to let you go through the proceedings effortlessly. In fact, Binary Cent trading platform is a unique and one of a kind tool that would give a good competition to other prominent platforms of the binary market.

binary cent platform

Payouts 

The payouts for underlying assets reach 90% while the minimum remains to be 60%. However, it must be noted that traders cannot opt for a refund, as the broker uses conventional high/low binary trading concept. Traders can select from three different option types which are

  • Intraday
  • Long Term and
  • Turbo

The expiry period of options is based on the type that you choose where the minimum expiry time is 60 seconds in Turbo. The long-term options come with expiry period that range to 48 hours; this means traders will have the opportunity to predict the movements of the markets for about two days. Yet, due to its conventional touch traders do not get the opportunity to exit or tweak traders before the closing time.

Promotion & Bonuses 

The bonus offering of Binary Cent is categorized according to the type of trading account. Those who opt for Gold Account are able to get upto 100% bonus, while Sliver Account yields as much as 50% bonus, similarly the Bronze Account comes with the lowest bonus equivalent to 20%.

Further, the initial three traders that you make with Gold & Silver Account are risk free, where the value is returned back in the form of trading credits in case of a loss. What’s even better is that this risk-free trading option is provided along with the bonus and has the same conditions as regular funds.

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Contests

This broker is running weekly contests with $20000 prize fund.

Asset To Trade 

BinaryCent is under the framework of FGC and this leads to an array of financial assets to trade on, covering the major markets around the globe. In fact, this broker is an excellent choice for those investors who are in search of an all-inclusive platform to gain access into different markets such as stocks, commodities, forex, cryptocurrencies and indices.

Here is a list of asset that you can find when trading with the broker:

  • Stocks: There are three stocks predominantly found with the broker and they are BMW, Deutsche and Lufthansa.
  • Commodities: Gold and Silver are two popular commodities featured by the broker.
  • Forex: Major currencies including USD/RUB, USD/CHF, USD/SEK, USD/JPY, USD/CNH, USD/CAD, EUR/USD, GBP/AUD, EUR/JPY, EUR/CAD, EUR/NZD, EUR/AUD and many more.
  • Cryptocurrencies: There are four common cryptocurrencies offered by the broker i.e. Litecoin, Bitcoin, LTC/BTC and Ethereum.

Types of Trading Accounts

Just as the name suggests, the agenda of the broker is to let you trade in cents. This fact is evident from the various types of accounts that it has in store for the traders. These are categorized as:

  • Bronze Account: The bronze account requires minimum deposit of $250, and this can reach to $1000. Having a small amount not only mitigates the intensity of risk but at the same time allows a large volume of traders to invest in the binary market.
  • Silver Account: The silver account is for those who need a maximum value larger than $1000. This account is known for its good trading conditions, 3 risk-free trades and a master class at the platform in the web-session.
  • Gold Account: The gold account can be opened with a minimum deposit of $3001 and offers every feature found in silver account including a Swiss prepaid card and a personal manager. It should be noted that the broker does not accept deposits beyond $25,000

Deposit & Withdrawals

For deposits, BinaryCent accepts a wide range of payment mediums such as bank wire transfer, e-wallets like WebMoney, Neteller, Qiwi and major credit/debit cards (Maestro, Visa and MasterCard). The deposits can be made instantly.

In case of withdrawals, the traders can place a request to withdraw minimum $50 and it takes only an hour to process the request regardless of the type of account you own. However, there are certain exceptions: UnionPay, American Express and JCB that at times take 6 hours.

Customer Support

The support center is one of the finest characteristic of the broker which is there for your help 24/7. The website supports 8 different languages: Russia, English, German, Spanish, French, Portuguese, Arabic and Thai as a result of which the multilingual support remains active across six countries around the world. It even has an online chat support, where traders can get answer to their queries in matter of minutes.

Binary Cent Review: Summary

BinaryCent is undoubtedly a legitimate and simple online broker that provides ample opportunities for small investors to enter in the global market of trading. It has a feature-rich trading platform that supports mobile trading and can be used to trade an array of assets.

User Reviews on Binary Cent

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James Martin

I'm based in London ( England, UK )
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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