BinaryCent Broker

Editor's Score
Pros
  • Low minimum requirements
  • Welcome bonus
  • Cryptocurrencies are available
User's Score 5
Cons
  • Not regulated
  • No MetaTrader4
  • A lack of educational material
Min Deposit
$250
Max Leverage
1:100
Mini Account
Bonus
Yes
Platforms
  • Own
Withdrawal Options
  • Credit and Debit cards
  • Wire Transfer
  • Neteller
  • Bitcoin

Review

Introduction

Considering the fact that BinaryCent is a newcomer in the Forex trading market, many traders are still not familiar with this brokerage. However, our in-depth BinaryCent broker review is here to provide you with all the necessary information to decide whether or not you would like to trade with this company. BinaryCent was founded in 2017 and that it is under the ownership of Finance Group Corp. Also, the brokerage is directly operated by CentProjects Ltd. The official website of the company states that their address is 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Evidently, BinaryCent is an offshore company, and that is why our comprehensive guide will enable you to make up your mind about whether you should be investing your funds through this particular brokerage house.

Trading Conditions

BinaryCent brokerage boasts an impressive number of as many as 10,000 daily transactions! To be honest, the credibility of this information is not verified, and that is why we are taking it with a pinch of salt. However, if we take in mind the fact that BinaryCent offers very low minimum trading requirements of just 10 cents per trade, then we can conclude that such an impressive trading volume on their platform could indeed be the truth. The amount you need to deposit when opening an account with BinaryCent is $250, which is relatively high, but it stays within the industry standard. Similarly, this brokerage offers leverage up to 1:100, which can also be considered a norm in the modern-day Forex trading world.

Products

The range of assets is among the most important elements of a good brokerage, and it seems that BinaryCent is still in the process of finding their way in the volatile trading markets. In other words, this brokerage offers a relatively modest range of assets, just over a 100 of them. However, they do offer cryptocurrencies alongside CFDs and Forex. Most importantly, BinaryCent offers non-stop trading, which significantly increases the periods in which you can place the trades and hopefully make a profit. Three types of accounts are provided by BinaryCent brokerage, and they are called Bronze, Silver, and Gold. Of course, each of these categories comes with its own bells and whistles, and there is also a Demo account available. However, you will need to sign up for the live account first before trying out the Demo version.


Regulation

Having a trustworthy partner by your side is a significant advantage in the online trading arena, and BinaryCent still has to prove their integrity and reliability. Even though their website provides SSL encryption, the actual brokerage is still not regulated by any reputable governing body. Allegedly, the stamp of approval from CySEC is still pending and it could be granted any day now. Currently, BinaryCent is only licensed by the Vanuatu Financial Services Commission (VFSC). Bearing in mind that dealing with offshore companies can cause unwanted problems and frustrations, we advise the investors to perform their due diligence and cautiously approach a brokerage in question, especially if the broker house is unregulated.

Platforms

BinaryCent is one of those Forex brokerage houses which use their proprietary trading software, and this decision can be a double-edged sword. However, it seems that their trading terminal works perfectly well and that it provides fast order execution and a lot of interesting features. For instance, the traders have access to useful indicators, and there is also the option of Copy-trading. The custom-built interface is intuitive and there is no need to download anything because the package is web-based. Aside from Forex and CFDs, this trading terminal also supports cryptocurrencies. However, a major drawback when it comes to the software is the lack of connectivity with the good-old MetaTrader4.


Mobile Trading

Trading on the go has become a common practice, and today's traders love to have access to their portfolios even when they are away from the computer. That is why BinaryCent brokerage developed mobile apps for their trading platform, and the traders can download those apps for their iOS or Android devices. By doing so, the investors will maximize their chances of making a profit, and the interface of BinaryCent's apps is user-friendly and convenient. The colors are bright and the traders will have no problems with placing the orders in a timely manner.

Pricing

Since BinaryCent is still an unregulated broker, they had to offer something enticing that would attract clients and make them want to invest their funds. For example, BinaryCents provides very low trade size of only 1 cent, which is a convenient element for beginners and low-ball traders. Affordable prices are extended over to the area of deposits and withdrawals, and BinaryCent does not charge a commission on these money transfers. However, a limited amount of asset classes could deter some investors from trading with BinaryCent, simply because 26 Forex pairs, four types of stocks, two categories of precious metals, and five classes of cryptocurrencies are not something we would call 'a vast array of trading instruments'.

Deposits & Withdrawals

BinaryCent has clearly put a lot of effort in providing their clients with a plethora of money-transfer options. For instance, you can deposit your funds via credit and debit cards, or by wire transfer, but there are also numerous e-wallets on your disposal, such as Neteller, PerfectMoney, WebMoney, QIWI, and so on. Furthermore, BinaryCent supports cryptocurrencies, which includes the likes of litecoin, bitcoin, and ethereum. The process of depositing and withdrawing your hard-earned money is convenient and efficient. However, BinaryCent has introduced a restriction on the minimum amount you can withdraw, and the limit is set at $50.


Customer Support

Professional and knowledgeable customer support is a must in today's trading world, and BinaryCent is a brokerage which provides high-quality service in this segment. Their multilingual customer support can be reached through various communication channels, such as live video chat, phone, e-mail, and a contact form. All in all, the traders can always come in contact with an operator since BinaryCents offers 24/7 availability.


Research & Education

When it comes to research and education, BinaryCent is a brokerage with a very limited offer. To be honest, their website does not provide educational materials whatsoever, and this can present a struggle for novice traders. On the other hand, the company policies are neatly laid out, and there is an FAQ section available for those clients who want to learn more about the functionality of the site or some similar issue.

Noteworthy Points

BinaryCent is a relatively new brokerage house, and they still need to go a long way before they can prove their worth to clients worldwide. The most prominent facts about this particular brokerage include the access to cryptocurrencies, Copy-trading, and a generous Welcome bonus. On the downside, BinaryCent is still not regulated by a reputable authority, and the brokerage offers a modest range of trading instruments, at least for now. Another element that we did not mention is the chance of participating in Weekly contests, which are automatic, and all registered clients can have the opportunity of winning the prizes and rewards.

Conclusion

With an elegant website and a generous bonus as an incentive, BinaryCent can attract lots of clients. However, this brokerage needs to obtain a high-profile seal of approval before it can become one of the best Forex brokers in the current market, and this company also needs to improve their offer in regards to asset classes. Once they do all this, BinaryCent could become a force to be reckon with.

Comparison

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User Reviews

5

Based on 10 ratings
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Binarycent's dedicated account manager

Binarycent's dedicated account manager has assisted me in having a personalized trading experience designed for myself. To be honest, not even a month ago, I was trying to fund my account and reached out to my account manager for help. It came as a surprise, but my manager was giving me one-to-one recommendations that enabled me to navigate the platform with ease. This is a unique level of support and guidance, which will ensure that I can make educated trading choices and benefit to the fullest extent. Despite the $250 minimum deposit, which may seem like too much for some traders, the personal assistance provided by the account manager makes the service worthwhile for passionate traders.
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Lonnie Davis

| April 04, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Binarycent's copy trading

Binarycent's copy trading taught me that life is short and I hate losing money. I didn't know trading, but I made a lot of money copying professionals a few months ago. I made some signal trades from the most profitable trader a week ago and saw a big boost in profits. Just $200 was enough to make $500 from savvy transactions under the supervision of seasoned traders. This success could not have been achieved without Binarycent's copy trading function, the most powerful and useful tool for profit-maximizing traders.
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David Johnson

| April 13, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Binarycent's copy trading

Binarycent's copy trading taught me that life is short and I hate losing money. I didn't know trading, but I made a lot of money copying professionals a few months ago. I made some signal trades from the most profitable trader a week ago and saw a big boost in profits. Just $200 was enough to make $500 from savvy transactions under the supervision of seasoned traders. This success could not have been achieved without Binarycent's copy trading function, the most powerful and useful tool for profit-maximizing traders.
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David Johnson

| April 13, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Binarycent's copy trading

Binarycent's copy trading taught me that life is short and I hate losing money. I didn't know trading, but I made a lot of money copying professionals a few months ago. I made some signal trades from the most profitable trader a week ago and saw a big boost in profits. Just $200 was enough to make $500 from savvy transactions under the supervision of seasoned traders. This success could not have been achieved without Binarycent's copy trading function, the most powerful and useful tool for profit-maximizing traders.
Avatar Img

David Johnson

| April 13, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Binarycent's copy trading

Binarycent's copy trading taught me that life is short and I hate losing money. I didn't know trading, but I made a lot of money copying professionals a few months ago. I made some signal trades from the most profitable trader a week ago and saw a big boost in profits. Just $200 was enough to make $500 from savvy transactions under the supervision of seasoned traders. This success could not have been achieved without Binarycent's copy trading function, the most powerful and useful tool for profit-maximizing traders.
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David Johnson

| April 13, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

The Binarycent exchange has been proving to be one of the most trusted platforms.

The Binarycent exchange has been proving to be one of the most trusted platforms since they opened up their pricing structure. Binarycent is unique in the crypto industry, which is known for hidden fees and poorly understood pricing policies, thanks to its open and concise approach to fee transparency. A month ago, I performed some trading orders and I am glad that my gain matched my expectations—no additional fee and no unexpected deduction. I appreciate the level of transparency that these exchanges provide, as they build my confidence in being a trader, knowing that I'm getting a fair and honest deal. Even though the license issue is considered one of the most serious problems with Binarycent, the clarity of its pricing model makes it more appealing to traders who are concerned with the accuracy and honesty of the trading process.
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Paul

| May 03, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

The user-friendly platform

As someone who's tried their hand at binary options trading off and on over the years, this broker has seriously been a game-changer. The user-friendly platform and low $0.10 minimum trades were the perfect combination to help me finally get over the learning curve without blowing up my account. Those copy trading bots that let me mirror elite traders? It is invaluable for saving me from reckless strategies and preserving my capital. And when I do hit a nice winner thanks to those high payouts, getting my money instantly is just the cherry on top. No more waiting weeks or dealing with shady fees. This broker just gets it when it comes to creating a positive trading experience.
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Walter Bass

| June 03, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

The user-friendly platform

As someone who's tried their hand at binary options trading off and on over the years, this broker has seriously been a game-changer. The user-friendly platform and low $0.10 minimum trades were the perfect combination to help me finally get over the learning curve without blowing up my account. Those copy trading bots that let me mirror elite traders? It is invaluable for saving me from reckless strategies and preserving my capital. And when I do hit a nice winner thanks to those high payouts, getting my money instantly is just the cherry on top. No more waiting weeks or dealing with shady fees. This broker just gets it when it comes to creating a positive trading experience.
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Walter Bass

| June 03, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

You know what I love most about trading with this broker?

The freedom and flexibility to fund and withdraw entirely via crypto. As an early digital asset investor, being able to operate 100% in that ecosystem by on-ramping to the trading account with my crypto holdings has been huge. And when I lock in wins from those mouthwateringly high payouts, getting profits routed straight back into my crypto wallet at lightning speed? Chef's kiss. It's a match made in decentralized heaven. Add in those low $0.10 minimum trades that let me start small, and this broker is the total crypto-native trading solution.
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Chester King

| June 13, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Worthwhile investment

The $250 initial deposit at BinaryCent, while steep, has proven to be a worthwhile investment thanks to the platform’s low minimum trades and quick withdrawals. This broker has fundamentally changed how I engage with binary options.
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Frederick

| June 20, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

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