Binary.com is an established binary options brand and has been growing in the binary options field since 1999. Pioneers of this type of investment. The company has rebranded over the years, and was formerly BetOnMarkets.com – rebranded to Binary.com in 2013.

They recently added a Bitcoin-funded trading account – initially only for non-EU accounts – but continue to be ahead of the game in the binary arena.

Their longevity suggests they are not a scam and are an established, respected brand in both Europe and Asia.

Review

Regular award winners in their formative years, the company now boasts a history that has seen them hit over $2 billion in revenue in binary trading. They also have over 1 million traders using their platform, processing over 1 million transactions per day. Despite competition in the field of Binary.com maintains its position as one of the top binary options operators, under the tag line Price Sharp, Smart Trading .

Regulated by the Malta Financial Services Authority, the company is based in Malta, which also has offices in Malaysia. They are very popular in the region, especially Indonesia and Singapore. They are also licensed in the UK.

The low minimum deposit makes them an attractive proposition. Traders can evaluate binary options platforms, while accepting minimal risk. Advanced traders will also appreciate the flexibility of the trading platform allowing ‘ structure ‘ trades to allow for more complex risk/reward plans to be create and execute.

Here are some key details about the Binary.com brand;

  • Demo Account – Yes (10k Virtual Account Balance Provided)
  • Minimum deposit – £5
  • Minimum trade – £5
  • Automatic Trading Robot – Yes
  • Signal Service – No
  • Bonus Details – Currently no bonus offers
  • Binary.com App – Yes, for Android and iPhone.

Exchanges

The Binary.com platform has been cut down to provide only what a trader needs. There aren’t any distractions found on other platforms. No gimmicks on the trading platform – just key trading information. This may work for some traders, others may prefer a better ‘presented’ offer when they log in. But few can argue that the transaction is clear and unobstructed. It offers a huge amount of flexibility to traders. This clarity is why more advanced traders prefer this platform and it makes using a winning strategy much simpler.

In addition to the standard platform, the company also offers a number of other advanced tools. For example, there are also trading areas:

  • MetaTrader 5 – Advanced CFD trading. This area combines the trading suite with MetaTrader integration, including MT4 and MT5. This provides charting on par with market leading CFD brokers. Downloading is a quick process.
  • Binary WebTrader . The WebTrader platform provides traders with the ability to view and monitor multiple underlying assets and trade them at the same time.
  • Next Generation Binary . This is the mobile app version of the platform. It simplifies trading on the go, from multiple mobile devices. Compatible with Android and iPhone, the app offers a seamless cross-trading experience.
  • Binary bot . Covered in more detail below, the Binary Bot area offers clients the opportunity to build and operate their own automated trading robots. It offers depth and detail beyond similar services offered at other brokers. Bot scripts can be created and thoroughly tested.

The choice of the underlying asset is made along the top of the platform. Just like regular Forex, Indices, stocks and commodities, there are also ‘ randoms ‘ unique to Binary.com. These are pure speculations and intended only for traders looking for a quick adrenaline rush.

Optional Types

Once the asset class is selected, the option selection will appear just above the transaction fields. So for example Forex, will show Up/Down, Touch/No Touch and In/Out option types. Again, the trading area below will update with the relevant fields once the option type has been selected. Each option type is covered in more detail later in the review.

The first two fields in the trading area allow traders to choose the specific asset they are interested in. The actual asset is selected from the second drop-down list. The first field simply reduces the list to make it more manageable. (For example, selecting ‘Major Pairs’ from the first field, reduces the list to only major currencies, making the selection much easier).

‘ Duration ‘ (or ‘ end time ‘) can be selected. This indicates the option’s expiration time. This allows traders to choose the length of anything between a few ticks or seconds, all year if they want (and anywhere in between). This level of flexibility is unmatched among other brokers.

Once a contract is opened, it will have a ‘live’ price until expiration. This gives traders the opportunity to close the trade – to take profit or to stop loss.

Spot price and strike price

Then there is a screen showing the current spot price and a very small price chart. Below is the payout field. At Binary.com, instead of asking traders to choose their shares, they ask them to choose a payout. The actual stake required to reach that payout will then be calculated automatically. It’s the flip side of how other brokers work, but obvious once traders get used to it. As these fields are updated, the actual transaction nodes on the right will update.

The trading nodes are large and contain all relevant information – Effective stake, exact expiration, direction the asset price needs to move, potential net profit and actual raw payout percentage. Merchants need to select the ‘ Purchase ‘ button to complete the transaction.

Traders who switch to Binary.com from other brokers may find the trading platform unfamiliar, as it is a rather unique design. However, it offers a lot of flexibility and retains much of the simplicity that has made binary options so popular.

Select Trader

Binary.com offers options on forex, commodities, stocks and indices. Their property list is good. Currency pairs are the most comprehensive list. Combined with the huge flexibility of expiry times, binary.com offers a wide range of options for traders.

They offer four main types of options:

Up/Down – Basic Binary Options. Will the property increase in value, or decrease? (Higher / lower is a similar choice under the same heading, andà is similar to an “ladder” – in other words, will end up at a price higher or lower than the predefined price – not the strike price. greater price volatility. , the payouts are usually higher, sometimes as high as 1000%)

Touch / No Touch – Did the asset price touch a certain price during the time period? The flexibility in the platform allows trades to be ‘nested’, creating more complex trading strategies where risks and rewards can be shaped even more precisely.

End in/Out – At expiration, will the asset price be within a preset range, or out of it?

Stay In / Goes Out – Similar to Ends In / Out, but here the question is will the price stay within the predetermined price for the duration of the trade , or will it move out of values at any point in the trade – once, anytime, is enough.

Binary.com’s tick trading options also offers a method to make ‘per tick’ profits which, while moving away from the binary model a bit, will offer traders another alternative or speculate on an asset.

The list of assets is constantly growing, especially with the advent of cryptocurrencies. However, Binary.com offers the full range of markets, including forex (via binary and CFD) plus indices, commodities and metals. They also offer trading on the volatility index (VIX). The volatility indicator may require its own strategy or approach and it will also help to fully understand exactly how volatility indicators are calculated.

Weekend Deals

Binary.com often leads the way in weekend trading – they used to run their own indices for this purpose. For now, however, global markets are operating outside of traditional western trading hours. The forex market in particular, operates globally 6 days a week, around the clock.

However, Binary.com also takes advantage of the markets that are open on weekends.

So, indices open in Tel Aviv or India can be traded at the end of the week. Despite the weekend volatility and volume considerations, Binary.com certainly makes it accessible to traders.

 

 

CFDs

As the brand has expanded, they have moved beyond binary options. Binary.com also now offers CFDs (Contracts for Difference). These derivatives offer different risk management styles for the binaries, but open up to more different profit and loss scenarios.

Markets offered include Forex, cryptocurrencies including Bitcoin, Bitcoin Cash and Litecoin, plus metals, indices and commodities. The MetaTrader 5 financial platform opens up to these diverse investment styles and also lends itself to greater automation.

Mobile Application

Binary.com offers a free, high-quality mobile trading platform application. Currently only compatible with Android (2.3 and up). It allows traders to trade the full range of options available on the site and a complete list of assets.

The trading screens retain the same look and feel as the website and the transaction remains clear and simple. The Portfolio area lists any open trades and a history of closed trades too. The cashier area allows deposits and withdrawal requests.

Android apps are developed and updated regularly, and an iPhone app is in development and coming soon.

Customer Support

Binary.com offers email and phone support. The contact phone number varies depending on the Trader’s region. For UK traders, the quantity is:

+44 1942 316229

The Contact Us page on the website also contains a direct messaging facility.

Payout

Payouts at Binary.com are excellent. They are offering two-way pricing This means that the payout for each option is separate and therefore could be slightly higher.

Occasionally, some Up/Down payouts will hit 100%, but will generally range from 81% to 94%. As always, payouts will vary based on expiration time and chosen asset.

Higher payouts are also available with different trading options such as Higher/Lower. With these High/Low or Touch/No touch transactions, payouts can reach up to 1000% – this is two-way pricing in the workplace.

Withdrawal and deposit

Binary.com offers the largest range of deposit and withdrawal options of any binary options broker. Minimum deposit requirements vary depending on the deposit method used, but start from as little as £5, making them a great starting point for new traders.

Bank transfers carry a £25 minimum deposit, credit and debit cards have a minimum of just £10, and online crypto accounts have a £5 minimum deposit option (brands like Skrill , Neteller, FastPay and WebMoney).

With the rise of cryptocurrencies, Binary.com has quickly adapted and now also accepts deposits in a wide range of cryptocurrencies, including Bitcoin, Litecoin, and Ethereum.

The range of payment methods at Binary.com is very wide. These options vary between the EU and other parts of the world, so traders will need to check what is available in their region.

Withdrawals are usually available through the same list of sources. Processing times will vary – for example, a bank transfer will take 5 days to process, where a crypto transaction for Skrill or Neteller will be processed in 1 day.

Cryptocurrency withdrawals will vary based on the currency used and market conditions.

Withdrawals to credit and debit cards will take 3 days to process. The company certainly offers a wide range of methods to deposit or withdraw funds, so traders should be able to find a solution that works for them.

Withdrawals are often the biggest source of disputes with binary options brokers, so it is important to clarify the desired method.

Withdrawal claims often stem from verification issues, so traders should sort them out quickly.

Other Features

The company offers their customers the following features and benefits:

  • Charts – Binary.com offers a wide range of charting options to aid in technical analysis. Some tools are downloadable, others work on the website.

  • Range of educational materials – A wide range of educational materials are available, including eBooks, videos and webinars.
  • Randoms – Purely for those looking for some entertainment, Randoms is exclusive to Binary.com
  • Market Data – Through both charting packages and live data feeds, Binary.com offers a wide range of live market data.
  • Support – Support is provided in a wide range of languages.

Robot

Binary bot from Binary.com

Binary.com also provides a feature to build and operate robots for automated trading. In addition to being home to sharp traders, Binary.com now also offers ‘advanced platforms’ – the ‘Binary Bot’ platform is the latest.

This trading robot gives users the opportunity to incorporate an automated trading system. This feature is more advanced than rival brokerage services. There is greater depth and complexity to the settings for a more precise and precise setup. This allows traders to be really specific about their trade triggers and operate the robot like an auto trader.

Binary Bot sticks to the Binary.com interface, cut down and simple. The blinking or pulsed price charts favored elsewhere are replaced by more features and ease of use. This is a great new addition to a brand that has always strived to be at the forefront of innovation in the field.

Automated trading is a big asset at Binary.com and many of the top signal providers can incorporate automated trading with the company. Binary bots extend that flexibility to retail investors.

Regarding bot trading strategies, traders need to be careful. While the webinars provide a tutorial, it’s best to learn how to set up the bot manually at least some of the time. Downloading the bot is a simple process and many traders can dive straight into setting up an auto trader, but there are added risks. For example, automating a martingale strategy through bots is obviously super high risk and there is no recovery from a mistake. So use the demo area, test it again, run the strategy manually and make sure everything is working as designed before handing over full control.

Advanced Features

Binary.com (formerly BetOnMarkets) offers a unique trading platform. It is something that gives traders a huge amount of freedom. While it retains the simplicity of binary trading, it also offers unparalleled flexibility. Traders can be precise about when their options will expire. They can set timeframes from just a few minutes to up to 365 days.

Likewise, there are also grounds for modifying price levels and barriers. This is extremely valuable for traders who prefer to use In/Out and Touch/No Touch options.

It allows advanced traders to configure options to optimize the risks and rewards they undertake. Multi-option ‘nesting’ is a technique that allows for a high degree of precision risk management.

This level of trading is really only possible with a broker that allows the level of trading configuration that Binary.com does.

Education and Trade Guide

Binary.com offers a wide range of educational services and trading information. Occasionally, they will release Mell Mellon on online marketplaces as a free download. Written by Jim Mellon, the market update provides insight into when to trade headline events and how to analyze the markets. Jim also indicates when he will be long or short on certain properties. A great read for all levels of traders.

Binary.com also offers regular webinars (with schedules posted weeks in advance). They provide excellent information into the thought processes of professional, profitable traders.

Recent examples include commodity-focused webinars, weekly market reviews, emotional control while trading, and advanced techniques.

Again, traders of all levels can gain something from these presentations.

Binary

Binary.tv went live on Binary.com in November 2015. It provides market analysis and reviews of popular currency and asset pairs. Features are divided into short videos. Recent topics include volatility in China and analysis of US sales data.

Both explore the impact on the global economy and specific exchange rates. It gives traders an overview of news topics and trends across the industry and can highlight some good opportunities.