Binary.com (formerly BetOnMarkets.com) is an award winning fixed odds financial betting broker based in Isle of Man and Malta. The platform is owned and operated by the Regent Markets Group and enjoys broad business advantages in the Asia Pacific region. Binary.com is an online gambling platform and is fully licensed and regulated by the Isle of Man Gambling Board and the Malta Lotteries and Gaming Authorities. The reason there are two operating bases is that brokers use different business vehicles to serve their clients in the EU and UK markets.
This global approach is reflected in the new Bitcoin account. It allows merchants to use Bitcoin cryptocurrency to fund their accounts (and transactions). However, this account is currently only available to non-EU account holders. As companies use blockchain technology and adopt cryptocurrencies, payment methods have also expanded to include Ethereum and Litecoin.
Trading Platform
At first glance, you can see that the trading platform offered by Binary.com is completely different from other platforms usually seen by other binary brokers. First of all, the interface is incredibly simple. There are all basic functions. There’s really nothing special about Binary.com’s platform anymore until you scroll down… It’s a completely different picture. We were happy to know that this platform offers an extensive mapping feature for their platform.
Additionally, traders can get daily and daily price lists from the tab just below the main trading platform. The price displayed also shows the percentage change to the right of the price quote.
chart
As mentioned earlier, one of the unique features of the Binary.com trading platform is the charts they offer. Traders can choose from the different screens available.
- Line Map
- Interactive map
- Pop-up chart
- Legacy card
Type of trade
Since Binary.com is not a regular binary options broker, the types of trading contracts we offer are slightly different from mainstream binary contracts. For example, traders can choose from:
- Rising / falling option contract
The trader decides whether the expiration date will rise or fall from the current strike price.
- Higher or lower option contract
The trader will decide whether the price will be higher or lower than the predetermined price target.
- Agreement for touch / no touch
The price is made when a predetermined price target is traded or not during the contract period.
- I / O option contract
The goal is to see if the price is IN or OUT between two price targets.
- Brand trade
Just like the 60 second option, traders decide which direction the market will go with five price changes. Tick trades are further classified as follows:
- Up / down transactions
- Lucky ten digits
- Quick 10%
Demo and Trading Account
One of the advantages of Binary.com is that customers can try out the platform with a demo account for $10,000 in virtual currency. This is not something I often find with other binary brokers. Most other brokers must first sign up and request a deposit before accessing the trading platform.
After the trader has decided to open a live trading account at binary.com, simply fill out the registration form, sign up and make a minimum deposit of $ / £ / € 5.
Trading Software Features
Pay rate
Depending on the type of contract, the payout percentage of binary.com is around 60% to 110%. The exact payout can be seen on the right side of the trading platform. Traders should note that the ratio is constantly changing as the market fluctuates.
Asset Index
The list of available assets is very extensive. Traders can choose between Forex, commodities, stocks, indices and random indices and QW markets. Get ideas about the products on offer; Readers can visit the website to see the complete list.
Customer support
Customer support is available 24 hours a day, from Monday to Friday. Traders can send standard email, make a call or request a call.
rely
As Binary.com is an online gambling platform, it is currently regulated by gambling regulators in Malta and Isle of Man. As Malta currently regulates the trading of binary options on the island, this is likely to change in the near future. For that, traders must rely on the gaming authorities to protect their legal rights.
Nevertheless, Binary.com is part of a multinational conglomerate, therefore we will not do anything illegal to jeopardize our corporate image.
Mobile app
The mobile app is another very powerful product. Like the rest of the trading experience, the app retains the look and feel of binary.com. The unique trading platform remains the same on the mobile version, and the company ensures that the app is optimized for each specific device and operating system. Android apps, for example, are designed to maximize the functionality of your Android device. Likewise, Apple products such as iPads and iPhones may see features unique to that operating system.
This attention to detail is a big part of what has kept this brand at the forefront of the binary options industry since it began.
The mobile app provides a smooth yet easy-to-use trading platform that allows traders to trade and hold at any time. This is another advantage of the company.
Machine human
Binary.com offers another innovative feature: ‘Binary Bot’ service. All major brokers are fast moving to offer similar features. Dealers can organize and build their own car dealerships.
This allows traders to build automated trading robots based on their own systems or winning strategies. You can then set your robot to trade ‘realtime’ when market conditions trigger the criteria offered by the trader. The build tool is to look at the demo before the dealer comes loose. Best of all, you can test before you sign up or log into your live account. So you can try it without any risk. The robot builder screen looks like this:
Is Binary.com a Scam?
Binary.com is one of the most famous brands in binary options. These are multinationals started and nurtured by respected traders who now don’t have to fall for the ‘scam’ behavior found elsewhere in the industry. This brand can be used with confidence.
bonus
Binary.com has withdrawn its deposit bonus offer. There are currently no existing free trade drives or the promotion of ‘no deposit refunds’.
smartness
Binary.com needs to think clearly about the strategy. The method of choosing an expiration time is unique, so every winning strategy must take this into account. The flexibility offered by the trading platform and the software itself (in terms of expiration and contracting) means that any trader willing to invest the time and effort to plan a strategy can identify the winning trade.
This is one of the main reasons why this particular broker is preferred by advanced traders. The company also offers a revolutionary advanced platform that offers MT4 and MT5 (MetaTrader) integration and the ‘Binary Bot’ tool, an innovative auto trader.
Binary bots allow traders to create their own bots or automated trading setups. The company also offers a way to integrate beyond what other companies can offer. Bots give retail investors access to some features that are limited by more established signal services or automated trading advisory services.
Tick trading strategies are only available on Binary.com, and tick trading platforms are not duplicated elsewhere. However, some strategies need their own sections, so people reading the existing system should check out the strategy page.
Conclusion review
approval
- Advanced mapping tools
- Demo Account
- Interesting trade deals
- Extended list of assets
- Flexible trading terms
- Good support service
- High returns
- Long history
- Simple trading platform
- Minimum deposit requirement
In fact, I won by what Binary.com has to offer its customers. It made it easy to open a live account by setting a minimum deposit of $/£/€5 depending on your currency. Moreover, the trading platform is a unique Meta Trader platform (mt4 and now mt5) which is unique as an advanced charting tool. Their long operating history and the fact that they are a subsidiary of a larger organization gives them peace of mind when dealing with them. So if you are looking for a different kind of binary broker than what the industry has to offer, check out Binary.com.