I’ve already tested a lot of brokerages in this industry so it’s easy to say that it would be hard to find one that would really surpass our expectations. So when I had the chance to finally review Binarycent, I didn’t really expected anything since I assumed that they are just an ordinary broker that only has a few new perks to offer. Little did I know that I’ll be surprised on how they have reintroduced binary options trading with a lot of improvements and new features. You may continue reading this review to get to the details.
Demo Account: Available after making a deposit
There’s a free demo account that you can request from the customer support department after funding your live trading account.
Bonuses: Based on the account type
The welcome bonus ranges from 20% to 100% and will be based on the amount that you deposited on your account. Aside from this, you will also be able to enjoy other perks such as master classes, risk-free trades and a personal success manager.
Platform: Designed for a professional trading experience
The platform is a breath of fresh air from the conventional platforms that you’d usually see from most brokers. It’s very convenient to use and has new features such as trading contests and copy trading. You can also easily switch to their CFD trading service by clicking the toggle button on the interface.
Mobile Trading: Apps for Android and iOS devices
If you prefer to trade via your smartphone or tablet, you can install their mobile apps and do all your activities from there. It doesn’t consume much of the system memory and uses minimal resources.
Tradable Assets: The hottest markets + cryptocurrencies
One of the strongest advantages of this broker is that they offer trading on the most popular assets in the market today including the new category called crypto. You can trade on the hottest digital currencies like Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin and others. The only minor downside is that they have around 40+ assets to offer.
Minimum Trade: As low as 10 cents for an option
With a minimum of 10 cents for each option that you execute, you’ll be able to manage your trades well since you can place an investment amount that you prefer.
Payout Rate: Competitive return rates
If your option expires in the money, you may get a maximum return of 85%. Do take note that not all assets have the same payout rate but upon checking the platform, most of them have good rates.
With this option type, your options will expire from 1 minute to 6 minutes.
This options type is a bit longer and expires within the day.
You can also enter a Call or Put option and set it to expire within a few days to a few months.
Deposit and Withdrawal
Minimum Deposit: As low as $250 for a live acocunt
The standard account is the Bronze account which requires a $250 minimum deposit. If you want to sign-up for the Silver or Gold accounts then you need to increase your trading deposit.
Deposit Methods: Digital wallets included
The account can be funded using secured payment methods like credit and debit cards (Visa and MasterCard), Neteller, Skrill, Perfect Money and even digital wallets such as Bitcoin and Ethereum. This is a great advantage for those who want to use this new and emerging type of payment system.
Withdrawal Processing Time: The fastest in the market
Regardless of your account type, you can get your withdrawals processed in less than 1 hour and this by far the fastest in this industry as it usually takes days for most brokers.
Channels: Phone, email and live video chat
If you wish to talk to one of their customer care representatives, you can do so by phone, email or the unique live video chat.
Whatever your timezone is, you will be able to get someone on the other end of the line because they are available 24/7.
Supported Languages: A diversity of options
The platform is available in Russian, Spanish, French, Arabic, German, Thai and Portuguese languages.
The live video chat is one of the most commendable advantages of this broker when it comes to customer service. This feature can be accessed directly from the platform and you can instantly communicate with any of the available male or female account managers on the screen. This makes the conversation a lot more personal and lively since you can see the actual person that you’re talking to and it’s a feature that is still not yet offered by most brokers today.
Average User Rating: 9.3
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.
Platform Design: Trendy layout with integrated tools and features
The modern layout of their platform is a lot better than the previous brokers we’ve tested. The easy access to the tools and other features makes it more convenient to use.
Support: 24/7 live video support with professional managers
The live video support takes the whole customer service experience to a whole new level. It’s much more personalized and makes the conversation more interactive.
Reputation: A promising crypto broker with no country restrictions
It’s rare to find a binary options broker these days that offers trading on cryptocurrencies and this is one of their biggest perks. Aside from this, they are also commended by many traders including those from the USA since they have no restrictions for users who are based in this country.
Editor’s Rating: 94
Binarycent has done a terrific upgrade to the conventional services that are usually offered by other binary options brokers. The enhanced platform with cryptocurrencies makes trading a lot more interesting while the live video chat brings a whole new dimension of customer service. The non-restricted access for traders from all countries even those from the USA is also a notable advantage that makes this broker an attractive choice.