Binary.com Fees – How Much Does It Cost To Trade?

12345
5 / 5
Rating of the Binaryoptions.com team
Type of fees Fees from
Deposit fees $0
Withdrawal fees $0
Inactivity fees $0
Trading fees $0

In this article, you will learn more about Binary.com’s fees. We will give you an overview of the fees and costs you can expect when trading on the platform. Furthermore, you will learn more about the factors that affect fees, so you can save more money in the long run.

See here an overview of all charges and costs:

Deposit fees:No
Withdrawal fees:Usually $0, $25 for withdrawals with a bank wire transfer
Account maintenance fees:No
Inactivity fees:$25 for every 6 months of inactivity
Fees on forex and CFD trades:From 0.1 pips
Overnight fees:Apply, depending on the financial instrument
Currency conversion fee:Yes
Market data fee:No
Trading platform fees:No
› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

Spread fees, commissions, and swap fees on Binary.com

Markets on Binary.com

Spread fees are typically taken as a percentage of the trade size and represent the cost of executing the trade. The wider the spread, the more profit the trading platform generates.

Swap fees, also known as overnight fees or rollover fees, are charged when a position is held open overnight. This fee is calculated based on the interest rate difference between the two currencies in the trade. The trading platform charges this fee to compensate for borrowing one currency to purchase another.

???? Commissions per trade: Based on volumes of trades and leverage.
???? Commissions for deposits and withdrawals:No, only a $25 commission for withdrawals via bank wire transfer
???? Spread fee:Yes
???? Swap fee:Yes, variable on the financial instrument

Binary.com is a brokerage system, and several web brokerage firms charge lesser fees than conventional brokers. This is because internet broker operations are more flexible. In other terms, the number of users an internet-based brokerage has does not usually affect them.

This does not, however, imply that Internet brokerage firms do not collect any commissions. To earn revenue, firms collect different charges for additional services.

Trading fees for currency pairs

Currency trading on Binary.com (Deriv)
Currency trading on Binary.com (Deriv)

Forex trading commissions vary greatly depending on the currency pair you choose. They are usually between 0.0180% and 0.0380%.

For example, suppose you are trading the USD/CHF with a commission rate of 0.0190%. If you deposit 20 USD and use a leverage of 1:50, this means that you will have to pay 0.19 USD in commission, as the trading fee is calculated using the formula 0.0190% of (20.00*50). The same formula is used for the other assets. The commission you have to pay to Binary.com (Deriv) depends on the currency pair, the commission, and your leverage.

Currency pair:Commission (for a $10USD stake and 1:50 leverage):Minimum trade amount:
EUR/USD0.0200%$1
USD/CAD0.0180%$1
AUD/JPY0.0380%$1
USD/JPY0.0220%$1
GBP/USD0.0220%$1
USD/CHF0.0190%$1

Trading fees for cryptocurrencies

Cryptocurrency trading on Binary.com (Deriv)
Cryptocurrency trading on Binary.com (Deriv)

Commissions for cryptocurrency pairs are slightly higher on Binary.com (Deriv). Here you have commissions that usually range between 0.1400% and 0.1620%.

Cryptocurrency:Commission (for a $10USD stake and 1:10 leverage):Minimum trade amount:
BTC/USD0.1620%$1
ETH/USD0.1400%$1

Trading fees for indices

Index trading on Binary.com (Deriv)
Index trading on Binary.com (Deriv)

Expect commissions of around 2.0000% for index trading on Binary.com (Deriv).

Index:Commission (for a $10USD stake and 1:1 leverage):Minimum trade amount:
Volatility 150 (1s) Index2.0000%$1
Boom 300 Index2.0000%$1

Fee types on Binary.com

There are primarily five kinds of fees:

1. Trading fees

Trade fees are always the primary types of fees to be aware of. Whenever you execute a trade, such as purchasing shares or ETFs, you are charged transaction fees. You are paying a margin, a financing charge, or a fee in such instances. The types of trading fee and their pricing differ from one brokerage to the other.

Commissions can be predetermined or based on volumes of trades. A spread, on the other hand, is the amount between the purchase and sale price. When you keep a prolonged trade for more than 24 hours, you will be charged funding or overnight fees.

› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

2. Non-trading fees

Non-trading fees are charged by brokerage firms in addition to trading fees. These are determined by the actions you perform in your trading accounts. They are charged for procedures such as cash deposits, not trading for extended periods of time, and withdrawals.

Compared to other brokerage firms, Binary.com does not impose excessive charges. For procedures that other firms collect fees for, Binary.com doesn’t either collect a fee or charge a lower fee. This is helpful for individuals who trade regularly.

Non-trading costs charged by Binary.com, on the other hand, are significantly low. As a result, non-trading operations in your brokerage account, like withdrawals and deposits, are charged at a lower rate. 

Trade types on Binary.com
› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

3. Withdrawal fees

If you initiate a wire transfer, Binary.com will ask you for a withdrawal fee. Such withdrawal costs become significant every time you transfer funds into your savings accounts.

Money can be withdrawn from the Binary.com accounts at any moment. 

Furthermore, the funds you transfer will be sent straight to the accounts you have used to deposit funds. As a result, if you were using a credit or debit card to deposit funds, the withdrawal funds would be deposited into the card. If your information has altered after your payment, Binary.com may request additional withdrawal options.

There is a minimum limit that can be withdrawn. A conversion charge can also apply if you are transferring money in a currency other than USD. The exchange cost will be determined by the currency you choose to withdraw in.

4. Inactivity or dormancy fees

Determining if you will be penalized inactivity charges is just one of the many concerns you may have when setting up an account on Binary.com. A dormancy charge is a cost imposed on authorized traders who have not purchased or sold for a period of time. The brokerage determines how long a transaction is deemed inactive.

The dormancy charge varies from broker to broker and cannot be defined. If a client’s account has not seen a purchase or sell transaction, the brokerage declares it inactive. Users must pay this charged subject to the rules and regulations they agreed to when registering.

If users don’t make any transactions for a long time, Binary.com imposes an inactivity charge.

Binary.com does not mention any charges; it is best to close the profile if it is dormant. Several financial institutions, including brokers, incur dormancy charges.

The inactivity charge for other brokerage firms is determined by the account type you have selected. The inactive charge is subject to a variety of factors and must be disclosed fully by the brokerage ahead of time.

5. Deposit fees

When you transfer funds to your brokerage account, the brokerage may impose a deposit fee. The majority of brokers do not impose high fees for this service.

Binary.com imposes a deposit fee when users put funds into their brokerage account.

It is simple to pay on the Binary.com trading system. To deposit funds in your brokerage account, complete a standard profile survey. To deposit large amounts, you must provide identification and verification of residence.

› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

What are the factors that affect fees?

The official website of Binary.com
The official website of Binary.com

When a reputed and well-established professional company charges fees for a certain task, they have to maintain plenty of factors. Profit is not the only thing to take into consideration. The affiliation company, the license provider, and banks check the laws and regulations regularly.

Binary.com is not an exception to this scenario. As mentioned, a wide range of payment options are available here, so for such a global platform, maintaining the decorum of license providers and banks is also necessary. Let’s have a look at how these factors are working on Binary.com.

#1 Official license providers

The headquarters of this office is situated in Malta, in the United Kingdom. After checking the rules and regulations of this particular trading platform, the Malta Financial Services Authority approved the license of this company. 

As money is related to the trading platform, checking the gambling rules is important too. The Gambling Supervision Commission and the UK Gambling Commission both approved the rules after thoroughly checking the guidelines of Binary.com.

From these official licenses, two things are clear. One, this is a genuine company to go with. Secondly, no extra charges will be deducted from the customers in the wrong way.

payment methods
› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

#2 Trading accounts

In every binary trading platform, there are mainly two types of accounts, i.e., beginner and professional. However, some trading platforms love to add an external platform called Intermediate with less access than the professionals.

Binary.com has some offers for you. Here accounts are mainly divided into two groups. One is Standard, and the second is Virtual Account. Some other accounts are included too. Let’s have a look.

Standard account 

It has almost all the access for the beginner level. They offer quite more than a traditional trading platform. Leverage up to 1:1000, variable spread, more than 50 assets, 75% stop-out level, and others.

Even in this account, you can have more than 150% of a margin call. With all of these facilities, there are no external charges as commission. Even there is no limit for any minimum deposition. Most of the trading platforms ask for $250 to submit. 

Note: When you are creating your account for the first time, you have to submit at least $5. However, after that, there are no limitations of deposition.

Binary.com-deposit-and-withdrawal-payment-methods
Binary.com deposit and withdrawal payment methods

Advanced accounts

In the advanced accounts, the leverage is being offered up to 1:100. Order execution of market, variable spread, more than 50 assets, and all the same qualities are being offered here too. However, some extra tools are being provided as it is an advanced platform like FX major, FX minor, FX exotic, and so on. 

With all the facilities, they are offering this account with a zero commission rate. You can keep as much as the minimum deposit. There are no limitations to it. However, for the first-time transaction, you have to submit at least $5.

Demo account

Very few trading platforms are there that offer demo accounts to beginners. The demand for demo accounts is very high nowadays. You can build a demo account for free on Binary.com. The maximum limit for demo account trading is $10,000. Trading without any risk is the best benefit of the binary demo account.

Now, the point is, after gaining knowledge regarding this, you can clearly understand they are not charging a single penny from you. So, it will be better to go with Binary.com as it compensates a lot.

› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

#5 Wide number of assets

The number of assets that are available for trading is quite high. Almost 58 different types of assets are there on the Binary.com platform. You’ll also have stocks, commodities, indices, and cryptos. 

All of these are already discussed. However, there’s something new that will catch your attention for sure. That’s the availability of the options. 

  • Starting from gold and platinum to palladium, silver, crude oil, and other valuable commodities are available here.
  • Profitable currency pairs like EUR/USD, AUD/JPY, EUR/CAD, GBP/USD, and some low-volatile currency pairs are open to trade.
  • When it comes to indices, Euro 50 indices, Wall Street index, US index, UK index, volatility 75 indexes, and others will be available as well. Surprisingly, you can access some rare indexes here too.

So, if you are interested in both natural indices and synthetic indexes, then none other than Binary.com is perfect.

Now, the fact is, Binary.com is excellent because here, you don’t have to pay external fees because of the availability of such huge options. 

Binary.com-charting

Conclusion: Binary.com has low fees

As this is your focus answer, then let us tell you there is no commission for trading on this platform. However, they take a small percentage of your profit. The percentage varies from time to time. 

Again, if you don’t make any profit, then no amount will get cut from your balance. All the factors already mentioned catalyzing the fees are maintained perfectly by this trading platform.

Binary.com is, in our view, one of the best online options brokers in the business. Their website provides good payouts, mobile trading, a range of trade kinds, and a wide range of payment options for funding your account. Binary.com is easy and simple for novices with little trading expertise while providing sufficient tools to please even the most experienced options traders. More significantly, Binary.com is fully regulated by many regulatory bodies.

› Sign up for free with Binary.com now!

(Risk warning: Your capital can be at risk)

Most asked questions about the Binary.com fees:

Is Binary.com free?

Yes, opening an account with Binary.com is indeed free. There is also a demo account which has no monthly fees. All customer support is also free of charge.

Do I have to pay for market data at Binary.com?

No, all market data is provided free of charge to Binary.com users. You can view all quotes without having to pay any additional fees. In addition, Binary.com provides some technical analysis tools and charting options to help traders analyze market data. All at no extra charge.

Are there swap fees at Binary.com?

Yes, there are swap fees at Binary.com. They are charged for overnight positions and are variable depending on the financial instrument.

Are there any fees for deposits and withdrawals at Binary.com?

Deposits are usually free. The withdrawal fee is $25 for bank wire transfers.