Cookies are used at this website. By continuing to browse it, you agree with our Cookie Policy

Binary.com review and ratings

Established 1999
Location Malta Japan Costa Rica British Virgin Islands Vanuatu
Regulation MSFA, JFSA, BVIFSC, VFSC, FCA, ACPR, BaFin, CONSOB, CNMV, FI
Offices Msida, Tokyo, San Jose, Road Town, Port Vila, Douglas, Jersey, Cyberjaya
Broker type STP | Binary
Leverage up to 1:300 (1:30 for EU clients)
Deposit from 5 USD
Spreads low  low
Platforms Web MetaTrader 5 Binary Platform
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Yandex Money Qiwi Bitcoin Bitсoin Cash Ethereum Liteсoin PaySafeCard

Company information

Binary.com group includes several related companies.

Binary.com MT - located in Malta, regulated by the Malta Financial Services Authority (MFSA).
Binary.com JP - located in Japan, regulated by the Japan Financial Services Agency (JFSA).
Binary.com CR - legally registered entity located in Costa Rica, but not regulated by any government agency.
Binary.com BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
Binary.com VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

Binary.com is also:
- licensed by the Gambling Supervision Commission in the Isle of Man and by the UK Gambling Commission.
- regulated by the FCA (UK), the ACPR (France), the BaFin (Germany), the CONSOB (Italy), the CNMV (Spain), the FI (Sweden) and other local authorities in the EU.

Availability

Binary.com group accepts clients from all over the world, excluding USA, Costa Rica and Hong Kong.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for FX trading.

50+ Currency Pairs Based on major and minor world currencies.
7 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, Emercoin.
1 Indice Cash CFD Based on DAX30 (German).
4 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

Forex broker offers the following underlying assets for Binary Options trading (unfortunately, not available for EU residents).

50+ Currency Pairs Based on major and minor world currencies.
4 Currency Indice BOs Based on AUD, EUR, GBP and USD Index.
7 Volatility Indice BOs Based on measures indicating intensity of market price movements.
28 World Indice BOs Based on baskets of different blue-chip stocks.
4 Metal Spot BOs Based on Gold, Silver, Palladium, Platinum.
1 Enegry Spot BO Based on Crude Oil (WTI).

Comprehensive review

Established all the way back in 1999, Binary.com has become a well-known name in the online trading space by now. Owned by the company Regents Market Group, the brand was originally launched in 2000 as BetOnMarkets.com, before changing its name to Binary.com in 2013.

As the name implies, the broker was originally focused on financial betting in binary options, but has also expanded its selection of trading instruments to include a wide range of forex pairs, CFDs on indices, stocks, and commodities, as well as cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

In 2017, the company took a bold move by becoming one of the first brokers in traditional finance to introduce bitcoin-denominated trading accounts for non-EU clients, in addition to accepting deposits and withdrawals in cryptocurrency.

Binary.com today has offices in Malta and Malaysia, while also holding regulatory permits in Japan, British Virgin Islands, Costa Rica, and Vanuatu. The broker claims to have over 1 million accounts worldwide, although the number of active clients is only about 100,000 according figures published on its website.

Over the years, Binary.com has won many awards for its services and innovation in the binary options trading space, which it pioneered when it launched in the early 2000s by offering retail traders an opportunity to place small bets on binary options. Before BetOnMarkets.com brought its innovation to the market, binary options trading was largely reserved only for very big traders and professional players who could afford to place large bets on the direction of the market.

The range of trading platforms offered by Binary.com is unusually large, with three different trading platforms offered for binary options trading, and the classic MetaTrader 5 (MT5) offered for trading in all other assets.

Among the three binary options platforms, SmartTrader and Ladders are both relatively simple options for people who just want a basic web-based trading interface, while Binary.com’s Webtrader platform offers a wider selection of trading instruments, as well as more choices when it comes to charting and technical analysis.

In addition to this, the broker also offers a very handy “drag-and-drop” tool that lets systematic traders create trading algorithms for binary options on their own without any coding. Algorithms can then be set to automatically execute trades, or be sold to other Binary.com users on the broker’s own marketplace.

Another nice thing to take note of with this broker is the large library of educational resources available on its website, which may be particularly useful for new binary options traders. The free content available to their traders also includes regular webinars and video updates on a range of interesting topics related to trading in all markets.

New binary options traders have the choice to sign up with either a “Virtual account,” which is a demo account with ,000 to practice with, or a “Standard account” with real money to trade with. Traders who wish to trade other assets have similar choices on the MT5 platform, with a separate account type for traders interested in trading volatility indices only.

The minimum initial deposit to start trading with real money varies with the payment method used, but starts as low as with several online money transfer services such as Skrill and Neteller. For regular bank transfers, however, the minimum transfer amount is 0.

No reviews from traders yet.
Rating