Binarycent review – Is it a scam or not? – Real broker review & test
- Accepts international clients
- 24/7 support
- Binary & CFDs
- High returns
- Free bonus
- TradingView charts
Is Binarycent a scam or a reliable broker? – Find it out in this review. (In a few steps) Nowadays, it is hard to find a good broker for Binary Options because the diversity of different offers is sometimes non-transparent. It is important to look after a secure and reputable broker. In this review, I will check Binarycent and give you the right information about the conditions for traders.
Quick facts about Binarycent:
|⭐ Rating:||(4 / 5)|
|💻 Demo account:||✔ (available, unlimited)|
After $ 250 minimum deposit or for free with the promo code ‘BOFREE’
|💰 Minimum deposit||250$|
|📈 Minimum trade:||0,1$|
|📊 Assets:||100+, Forex, Commodities, Stocks, Cryptos|
|📞 Support:||24/7 phone, chat, email|
|🎁 Bonus:||20% deposit bonus for the Bronze account, 50% deposit bonus for the Silver account, 100% deposit bonus for the Gold account. Sign up bonus available. |
Use the code ‘BOFREE’ to claim your bonus
|🎁 Bonus conditions for withdrawal:||3x turnover of deposit + bonus|
|⚠️ Yield:||Up to 95%+|
|💳 Deposit methods:||Bitcoin, Litecoin, Ethereum, ZCash, Monero, Bitcoin Cash, Dash, Primecoin, Reddcoin, VISA, Debit cards, VISA Electron, MasterCard, Maestro, PerfectMoney, Wire Transfer, Yandex, Qiwi, WebMoney, Neteller, JCB and many more|
|🏧 Withdrawal methods:||Bitcoin, Litecoin, Ethereum, ZCash, Monero, Bitcoin Cash, Dash, Primecoin, Reddcoin, VISA cards, VISA Debit, VISA Electron, MasterCard, Maestro, PerfectMoney, Wire Transfer, Yandex, Qiwi, WebMoney, Neteller, JCB and many more|
|💵 Affiliate program:||Available|
|🧮 Fees:||5% transfer fees for credit card withdrawals. Commissions and spreads apply. No additional fees. No hidden fees.|
|🌎Languages:||English, Chinese, Russian, Czech, Filipino, Arabic, and Afrikaans|
|🕌 Islamic account:||Available (you need to contact the support)|
|📍 Headquarter:||Marshall Islands|
|📅 Founded in:||2016|
|⌛ Account activation time:||Within 24 hours|
What you will read in this Post
What is Binarycent? – The broker presented:
For traders, it is important to know some information about the company where they are trading. Binarycent is an international Broker for Binary Options, Forex, CFD, and Cryptocurrencies. The company is based and run by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there is not a lot of information to find about the company.
These points make the company unique:
- Withdrawals in 1 hour
- Trading 24/7
- 100% data protection
- 24/7 customer multilingual support
- Bonus and Risk-Free trades
The pros and cons of Binarycent
Although the Marshal Island-based binary trading platform performs well overall and is popular with many brokers, it does have its drawbacks. Many traders appreciate the ability to trade from as little as $0.1, which makes the platform very attractive. Unfortunately, Binarycent is unregulated, which is why we cannot give it a full 5 out of 5 stars. Below you will find a comparison of the pros and cons of the trading platform:
- Guaranteed withdrawals processing
- Non-stop trading over weekends
- Wide range of deposits and withdrawal methods
- 100% secure trading platform
- Multi-lingual customer support
- Binary option strategies
- Different account types
- Promotions and giveaways for users
- Trades from $0.1
- The demo account is only available after making the minimum deposit of $250 (but you can use the demo account for free with the promo code ‘BOFREE’)
- Not regulated
(Risk warning: Your capital can be at risk)
Is BinaryCent secure and regulated? – Overview
As you probably know, there is no such thing as a perfect trading platform. BinaryCent also has some shortcomings. Most notably, the platform is unregulated, which is why we can’t give it a full 5 out of 5 stars. Although it is common for many binary options brokers to be unregulated, this is still a negative point.
Does this automatically mean that trading with BinaryCent is dangerous and unsafe? No. From my experience, I can say that BinaryCent is a serious trading platform. I have traded options with BinaryCent many times and can confirm that the platform is secure. There is SSL encryption and the deposit/withdrawal methods include payment providers such as VISA and MasterCard, which are under high supervision.
Some facts about the security of BinaryCent:
|Regulated payment methods:||Yes, available|
|Negative balance protection:||Yes|
Test of the conditions and trade offers of BinaryCent:
Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well-positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.
The biggest advantage of Binarycent is the small investment amount of 0,1$. That’s why they are called Binary-“cent”. Bet on falling or rising markets with Binary Options. The asset profit is quite high, between 80 and 95%. Traders can choose between turbo, intraday, and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid, and the broker is compared to other companies in a good place.
Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100, and the spreads are starting with 1.0 pip.
Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitably with over 100 different assets. From my experience, the execution of trades is very fast on that platform.
Quick facts about the offers of Binarycent:
|Minimum trade amount:||From $0.1|
|Trade types:||Binary Options, digital options|
|Expiration time:||60 seconds up to 4 hours|
|Leverage:||Up to 1:100|
|Maximum return per trade:||Up to 95%+|
|Execution time:||1 ms (no delays)|
Is the Binarycent platform reliable?
Binarycent offers a unique trading platform for its traders. The structure is clear and transparent. Personally, I like the design because it is user-friendly. Beginners should understand the platform in a few moments. It is possible to watch video tutorials about trading with the platform. In addition, you can ask support for some help.
The charts are supported by Trading View. This is a big and popular provider of market data. In other words, it makes the platform look professional. Traders can customize the chart by using drawing tools, indicators, or Fibonacci. The chart is available in full-screen mode too. On the right side, you see the trading dashboard.
Forecast the movement of an asset and trade in the way you want with a call or put option. On the left side, you can choose a market you want to trade. Switch between Binay Options and CFD/Forex with just one click. That makes the platform very flexible. In conclusion, the trading platform of Binarycent provides the right functions a trader needs.
With Binary Options you have to make the right forecast of the price movement to get a high asset profit. This can be in a range of 30 seconds or more. In my opinion, beginners should not start with short-term trading because it is the hardest method to invest in the markets. The function is very easy. The risk is limited to your bet amount, and you will get a fixed return.
How to use Binarycent:
For example EUR/USD – 95%:
That means if you open a trade with a 1000$ bet amount, you predict the right direction of the markets you will win a payout of 1950$ in your account. 1000$ return of the bet amount and the 950$ profit. There are not any hidden fees for trading.
- Unique Trading Platform
- Mobile Trading
- Flexible and user-friendly
- Social Trading, Analysis, and Signals
- Transparent trading dashboard
BinaryCent demo account for free
The Demo Account is an account with virtual money. You can trade the markets without risk. The conditions are the same as you are trading with real money. You get real-time market data. First of all new traders can practice some trades in the trading platform of a new broker. This is an important action to get some new experience and decide to continue trading with the new broker.
BinaryCent offers a Demo Account for every trader who deposited the minimum investment of 250$. This is a little disadvantage for this broker because most of the other Binary Options Brokers give you a completely free Demo Account.
However, you can use the BianryCent demo account for free by using the promo code ‘BOFREE’
The demo account is the best way to improve your trading skills.
(Risk warning: Your capital can be at risk)
Account sign up: In a few steps
Just open your account in less than 1 minute. You only need your personal name, phone number, password, and email address. For further verification, a picture of your passport is needed. The verifications take less than 24 hours. For withdrawal of your profit, you need a fully verified account, but you can start trading without verification. In conclusion, the account opening is very easy and user-friendly. If you got further questions you can ask the 24/7 support.
There are 3 different account types available:
|BRONZE (250$)||SILVER (1000$)||GOLD (3000$)|
|24/7 live support||24/7 live support||24/7 live support|
|Withdrawals in 1 hour||Withdrawals in 1 hour||Withdrawals in 1 hour|
|Bonus 20%+||Bonus 50%+||Bonus 100%+|
|Demo account||Demo account||Demo account|
|Copy Trading tool||Copy Trading tool||Copy Trading tool|
|Master class (web session)||Master class (web session)|
|First 3 risk-free trades||First 3 risk-free trades|
|Personal success manager|
Withdrawals and deposits with Binarycent
From my experience, the deposit and withdrawal work very fast. I only tested it with small amounts like 500$. You can deposit with Creditcard, Cryptocurrencies, or E-Wallets. There are no hidden fees. The only fee is by making a payment with a credit card of 5%.
The minimum deposit of 250$ is quite high. The minimum amount allowed for withdrawal is 50$. But there is an advantage to trading with 0,1$. In conclusion, Binarycent offers a diversity of payment methods and the withdrawal system works very fast. The broker processes all withdrawal requests in only 1 hour. Sometimes it takes a longer time if the account is not verified. Also, you can open a crypto wallet with Binarycent. This is a new opportunity to trade cryptocurrencies on the platform.
Binarycent Promo Code: “BOFREE” Get a no-deposit bonus of $ 100
BinaryCent offers you a free deposit Bonus and Risk-Free Trades. You can get easy a higher balance of your account. But the bonus is linked to conditions. You have to make a turnover for 3 times the bonus. This is a very low amount and a big advantage. Most brokers offer you a bonus too, but you have to make a turnover of 30 times or more.
Risk-Free Trades are offered in the silver and gold account. You can bet any amount in a Binary Options trade and if you lose you get the lost amount back into your account. The loss amount is deposited as a bonus.
The bonus for your first deposit can be between 20% and 100%. It depends on the invested amount of money. The bonus for your first deposit is compared to further deposits higher. With a deposit of 500$, you can get a 50% bonus, and with a deposit of 3000$, you can get a 100% bonus. In other words, if you start trading with BinaryCent you get a better reward.
(Risk warning: Your capital can be at risk)
Support and service
BinaryCent provides very fast support via chat, email, and phone. The best choice to ask your question is the 24/7 video chat. Directly you get a connection to the support. In conclusion, the service is reliable and fast. For further questions, you can call them via phone or write an email. They offer you the service in more than 6 different languages: English, Russian, Chinese, Thai, and more.
- 24/7 support via Phone, Email, and Video-Chat
- Support in different languages
- The support works very fast
|SUPPORT CHAT:||PHONE (ENGLISH):||EMAIL:||ADDRESS:|
|24/7||+1-8299476393||[email protected]||Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles|
Are there alternatives to BinaryCent? Comparison of BinaryCent with other brokers
Finally, let’s compare BinaryCent with some other binary brokers. There are many brokers that perform slightly better in my opinion. Although the return at BinaryCent is quite high, there are only 100 assets available. Also, as the platform is unregulated and lacks some important features, it is not the best one, based on my reviews.
However, I can say that BinaryCent is a solid trading platform, offering good possibilities to make profit in the financial markets. BinaryCent offers trades as low as $0.1 and a high return of up to 95%. In this comparison, the platform scores 3.7 out of 5 possible stars. Overall, it is still a good trading platform that I would recommend.
|1. BinaryCent||2. Pocket Option||3. IQ Option|
|Return:||Up to 95%+||Up to 93%+||Up to 100%+|
|Advantages:||Trades from $0.1||Offers 30-second trades||Offers CFD and forex trading as well|
|Disadvantages:||Not regulated||No phone support||Not available in every country|
|➔ Sign up with Binarycent||➔ Visit the Pocket Option review||➔ Visit the IQ Option review|
Conclusion of the BinaryCent review: Not a scam, but unregulated
At first glance from my experience definitely, BinaryCent is not a scam. This review shows you that BinaryCent is one of the best international platforms for trading with Binary Options. The broker provides a good trading platform with a high chance of making a high profit. You can trade a lot of different assets and use different strategies.
The market data is provided by “Trading View” which is one of the biggest leaders in the industry of retail trading. Another advantage is the possibility to trade with a small investment amount like 10 cents $. That makes the broker unique.
Also, the service and customer support are fast and reliable. There is no problem opening a new account and doing deposits and withdrawals. In addition to that, I have to mention that the company is unregulated. I tested the platform only with a small amount of money. Try it by yourself.
- Trade with only 0,1$ in one trade
- 24/7 support
- High asset profit
- High diversity of assets 100+
- Flexible trading platform
- Forex/CFD and Binary Options on one platform
- No regulation
- Get the demo account after the first deposit
The opportunity to trade with only 0.1$ is the biggest advantage of BinaryCent.
Frequently asked questions (FAQs) about BinaryCent:
Is BinaryCent legal in USA?
Yes, BinaryCent is one of the few brokers that offer their service in the USA as well. Basically, binary options trading is permitted in the US, but it is subject to many restrictions. Traders should still know that the US Commodity Futures Trading Commission (CFTC) heavily monitors binary options trading and that there may be restrictions.
Accordingly, it is okay to sign up and trade with BinaryCent in the USA. However, to be on the safe side, traders should always ask BinaryCent’s support if trading from their location is allowed and seek legal advice if there are any questions. The legal situation can always change, no matter what country the trader is in.
Is BinaryCent a good broker?
Based on our research, BinaryCent is a good broker and not a scam. It offers 24/7 customer support, a wide range of binary options and CFDs, and a free bonus. Unfortunately, the company is not regulated at this stage, which is a drawback.
What is BinaryCent?
BinaryCent is a trading platform that offers binary options trading. Great advantages are the low investment amount of $0.1, the availability of a free demo account and a free bonus.
Is BinaryCent safe?
Based on our experience, BinaryCent is a safe platform. Deposits and withdrawals are processed without any problems and the money is paid out on time. Nevertheless, traders should know that the platform is currently unregulated. Therefore, compared to other brokers, BinaryCent can be considered less safe than a regulated broker. However, in our test of the platform, we experienced that the platform is reputable and offers good possibilities to trade binary options and various financial instruments.
What is BinaryCent minimum deposit?
Currently, BinaryCent has a minimum deposit of $250.
Is BinaryCent regulated?
No, BinaryCent is not regulated, which is a distinct disadvantage. However, this does not immediately mean that the platform should be considered a scam. In our experience, both deposits and withdrawals work without any problems. BinaryCent tries its best to provide a good trading experience.