Binary.com Review

Proprietary Trading Platform
Editor’s Rating: 94

Very Good

Average User Rating:

Very Good

Introduction

Binary.com is a Malta-based brokerage firm which has been in the business since 1999. They are regulated by the Gambling Supervision Commission in the Isle of Man and the Malta Gaming Authority and have over 300,000 international clients. Is this broker an ideal choice for trading binary options? Continue reading this review to find out.

Account Features

Demo Account: Real-time quotes

The free demo account has a $10,000 opening balance and does not expire. It runs just the same way as a live account which means you can fully try out different trading strategies on actual market conditions without the need to use real money.

Bonuses: Account manager’s decision

They do not have fixed bonuses and this will be based on the decision of the account manager. This can be discussed over the phone when they call after the registration process so make sure to bargain in order to get the best deals.

Open Free Account

Trading Details

Platform: In-house technology

They use a proprietary platform which they have developed using their own technology. It’s a little different in terms of the layout and structure but it’s a lot easier to use because it’s much simpler and more responsive than majority of the online trading platforms that we’ve tested.

binary-com trading platform

Mobile Trading: For those on-the-go trading

You can trade via their Tick Trade app which can be installed on mobile devices that are powered by iOS or Android.

Tradable Assets: Stocks not available

Currently they have a total of 115 assets on the platform which is above average. What we’ve noticed though is that they do not offer stocks but they do have other categories including forex, indices, commodities, smart indices and random markets.

binary-com assets

Minimum Trade: As low as $1!

One of the biggest advantages of this broker is that they allow a minimum trade size for as low as $1. This gives traders the freedom open positions with investment amounts that they are most comfortable with.

Payout Rate: More than 100% on standard contracts

In terms of payouts, Binary.com tops the list with returns of more than 100% on simple Up/Down contracts and up to 1,000% on Touch/No Touch trades. Such numbers are one of the highest that exists in this industry.

Open Real Account

Trading Instruments

Up/Down

This standard option has a variety of duration or expiration ranging from 10 seconds to 365 days. What’s also unique about this instrument is that you can set your desired payout from $1 to $50,000.

Touch/No Touch

With this option, you need to to predict whether the underlying asset’s value will touch a specified price level within the expiry time or not and returns can go for as high as 1,000%

In/Out

Using this instrument, you need to speculate if the value of the underlying asset will be in between or out of the two price targets.

binary-com option types

Deposit and Withdrawal

Minimum Deposit: Extremely low

We’ve never known any other broker that requires a low minimum deposit as Binary.com. At $5, you can instantly sign-up for an account and start trading live on their platform. Such leniency is definitely one of their strongest advantages.

Deposit Methods: Wide variety of choices

This broker accepts a range payment options including Visa/MasterCard, Bank Wire, Western Union, Clikandbuy, OK PAY, CashU, Fasapay, PerfectMoney, Skrill, Neteller, Monetaau, Webmoney, Ukash, Instadebit, QIWI and Paysafecard. Additionally, they also accept funding via cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

binary-com deposit

Withdrawal Processing Time: As fast as 24 hours

Withdrawal requests easily get processed and can be done in as fast as 24 hours. We never experienced any delays when we tried cashing out our money and it only took less than a week to see the funds back on the banking method that was originally used for funding the account.

Support

Channels: No live chat

They do not have a live chat support and the available option to contact the customer service team is via phone and email.

Availability: All day and night

They can be contacted anytime because they are available 24/7.

Supported Languages: Plenty of choices

They support a variety of languages including English, German, Spanish, French, Indonesian, Italian, Japanese, Polish, Portuguese, Russian, Thai, Vietnamese and Chinese

binary-com customer support

User Reviews

Average User Rating: 9.4

This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.

binary-com user reviews
binary-com user reviews
binary-com user reviews
binary-com user reviews
binary-com user reviews

Editor’s Opinion

Platform Design: Simple and very easy to get used to

Since they are running their own platform, they are also using their own design which is an improvement from the common designs that you’ll see online. It’s conveniently easy to use and navigate thanks to its very basic and simple layout.

Support: Resolves issues with very fast handling times

Although there’s no live chat for immediate communication, their support is always straightforward and never goes around the bush with their answers. They also resolve issues with very fast handling times.

Reputation: Has over a decade of good track record

They have been providing financial trading services to over 300,000 international clients since 1999 which is a solid confirmation that they are stable and can be trusted. Aside from this fact, their company is fully licensed and regulated by Isle of Man Gambling Supervision Commission, the UK Gambling Commission, the Malta Financial Services Authority and the Malta Gaming Authority.

Conclusion

Editor Rating: 94

Binary.com runs a well-developed trading platform that covers a variety of markets with competitive prices and offers a variety of charting tools that allows their clients to make more successful trades. Their active license and years of proven track record in the industry makes them a highly stable and trusted binary options brand.

Editors' Top Picks

24 comments

  1. David Bezanson

    I have been trading with binary.com for years and I find the 100% trading profit one of the highest payouts ever offered by a broker site. No other broker site will ever give you such a high reward.

    • Tony M. Rivera

      I don’t think it is that flat. For me it’s simple but very appealing but once you check on it carefully, you will notice that the proprietary platform is a lot faster and more reactive compared to the other platforms out there.

    • Matthew Murray

      I would attest to the non-interrupted trade execution from this broker. I never had any complaints about it, and because of it, I was able to achieve the profit that I worked hard for.

  2. Jonas Helvik

    I really don’t care how many instruments they have in their assets index, it doesn’t really matter at all. What’s important to me is that I never experienced any trade logs from binary.com since I started trading with them.

    • Einar Lindqvist

      An on point opinion that really matters for traders who loves binary options. If there were no lags or the lag frequency is very low, then this broker is exceptional.

      • Maciej Czerwinski

        You are quite right, why would you choose a broker that offers over a thousand assets but with recurring trade logs over a broker like binary.com with 0 lags?

  3. Severon Duncan

    I basically think that payout is very crucial when trading binary options, and I guess that is the reason why I am fixated with binary.com, they don’t have a fixed payout, they do have varying ones but substantial.

      • Bentley Brown

        You should start trading with binary.com, been hearing a lot of positive thing about this broker. And yes, I do love the payout they provide because it varies and way higher than your usual binary options broker.

    • Jensen Voronkov

      They don’t have live support like other brokers but they do have toll-free numbers and active landline numbers from territories like UK, Australia, Canada and more.

      • John Mathews

        It is nice to know that binary.com lack live support but they provide ways on how to contact them straightaway without hassle. This is fine with me, as long as I get the response I need just right on time.

    • Kieran Cloudland

      I think that binary.com have a more improved withdrawals processing, from their previous offer they took them 5 days to process everything, but now, they offer up to 1 day processing only which I think is great!

    • Haci van Ophem

      Depositing funds to binary.com is way easier, they added more channels into it and the best part is, if you are into cryptocurrencies, you may now pay using bitcoin, litecoin ethereum and bitcoin cash. This is what you call an upgrade guys!

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