BinaryCent Review 2022

3.5
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Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.

Current Promotions

Win Up To $20,000 In The BinaryCent Weekly Contest

Trade With A 100% Deposit Bonus At BinaryCent

Awards
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
Bonus20% to 100%
InstrumentsCFD, Forex, Crypto, Binary Options, Stocks, Options
Demo AccountYes
Min. Deposit$250
Payment Methods
Min. Trade$.10
Regulated ByVFSC
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS, Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsYes
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingCentobot for binary options
Social TradingNo
Copy TradingYes
Islamic AccountNo
Account Currencies
  • USD
Stock Exchanges
  • FTSE UK Index
  • Nasdaq
Commodities
  • Gold
  • Oil
  • Silver
CFD TradingYou can take positions on a range of popular trading markets
CFD FTSE SpreadFloating
CFD GBPUSD SpreadFloating
CFD Oil SpreadFloating
CFD Stocks SpreadFloating
CFD Leverage1:100
Forex TradingYou can trade forex on BinaryCent with leverage up to 1:100
Forex GBPUSD SpreadFloating
Forex EURUSD SpreadFloating
Forex EURGBP SpreadFloating
Forex Assets25+
Crypto TradingBinaryCent offers trading on a decent list of cryptocurrencies. The broker also accepts crypto deposits and withdrawals.
Crypto SpreadN/A
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LTC
  • OMG
  • SAN
  • XMR
  • XRP
  • ZEC
Binary OptionsYou can invest in binary options with a top earning potential of 95%
Payout Percent95
Ladder OptionsNo
Boundary OptionsYes
Risk Warning – Your capital is at risk

BinaryCent is an online broker specializing in binary options, forex, and CFDs. This 2022 review will go over account types, mobile apps, leverage, regulation, and more. Stick around to see if BinaryCent is a scam or not.

BinaryCent Headlines

BinaryCent is a financial trading platform that was established in 2017. It is owned by a management company known as Wave Makers Ltd, a subsidiary of Finance Group Corp (FGC), based in the Marshall Islands.

Their head office is at the Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro. The Finance Group Corp is also the holding firm of another leading binary options trading platform called BinaryMate.

Trading Platform

BinaryCent uses a proprietary trading platform developed exclusively for the Finance Group Corp. Because it is web-based, the terminal can be accessed with any up-to-date browser. This eliminates the need for a trader to download and install software onto their computers.

Despite being browser-based, the terminal works efficiently and comes integrated with numerous tools such as charts and technical indicators. Call or put buttons and key financial data is quickly visible on the interface. Navigation is also straightforward, making it suitable for beginners.

BinaryCent trading platform
Trading Platform

Assets & Markets

In terms of assets, BinaryCent offers the following classes:

Spreads & Commission

Unfortunately, BinaryCent is not transparent when it comes to trading fees. Binary options traders will pay an initial stake when they buy a contract while CFD investors will play a floating spread. Volatile assets will have wider spreads and may also incur a commission. In addition, transfer fees of 5% are applied when depositing or withdrawing money using a bank card.

Leverage

For forex and CFDs, BinaryCent offers a maximum leverage ratio of 1:100. High leverage is best used by experienced investors since it can increase risks – margin multiplies profits and losses. See our guide to trading on margin for more information.

Mobile App

Investors who wish to trade the financial markets while on the move can do so with their smartphones or tablets by downloading the mobile app from the App Store (iOS – iPhone and iPad) or the Google Play Store (for Android devices).

BinaryCent provides the mobile application for free as part of their product offering and services. It has the same basic functions as its web-based counterpart. The only major difference is the fact that it is optimized for smaller screens like smartphones and mobile devices.

Binarycent Mobile App

BinaryCent Payment Methods

BinaryCent accepts several methods which clients can use to fund their accounts, including:

For withdrawals, the same methods are also supported. Apart from a 5% charge for credit card withdrawals, BinaryCent does not charge any withdrawal fees. With that said, there is a minimum withdrawal of $50. In terms of processing times, the broker guarantees that all requests will be fulfilled within one hour.

Demo Account

The company provides a free demo account for investors who aren’t ready to use real funds. Prospective traders can test the platform and strategies before risking their capital.

The demo account comes with $10,000 virtual cash and can be activated by speaking to customer service. If unused, the account expires after 30 days.

Bonuses & Promotions

The bonuses offered by BinaryCent range from 20% to 100%, depending on the type of account. Nevertheless, investors should be aware that there are terms and conditions attached to offers. One of the key requirements is the need to fulfill a minimum trading volume (turnover) before withdrawing funds.

Apart from the deposit bonus, BinaryCent also offers ‘Risk Free Trades’ and trading contests.

The risk-free trade promo is awarded to Silver and Gold account holders. The broker promises to compensate their client’s losses if the total balance of the first three trades is negative.

BinaryCent also holds a regular trading contest with a prize pool of $20,000. Every week, 20 winners are selected from the contestants.

Additionally, you can find online promo codes that sometimes offer additional deposit bonuses.

Regulation & Licensing

BinaryCent is a regulated brokerage under the oversight of the Vanuatu Financial Services Commission (VFSC). This is because BinaryCent operates under the corporate umbrella of its holding company, the Finance Group Corp. Unfortunately this isn’t the most trusted regulator and retail traders will receive limited additional security measures.

Additional Features

BinaryCent has a selection of in-depth articles on their Knowledge Base. This is particularly valuable for those new to investing and binary options. A popular copy trading solution is also available once clients have opened a live account. This allows novices to mirror the positions of more experienced traders.

BinaryCent copy trading
Copy Trading

The firm also provides a binary options trading robot called Centobot, which has won multiple awards. The software operates and executes trades automatically. BinaryCent says that depending on a predetermined earning threshold, you may double or even triple your money in a single day. In addition, you have the option to test your bots for free.

Account Types

To meet the varying needs of its clients, BinaryCent offers three different types of accounts: Bronze, Silver, and Gold.

Bronze Account

Silver Account

Gold Account

Benefits

Reasons to sign up for a live BinaryCent account include:

Drawbacks

Downsides of registering with BinaryCent include:

Trading Hours

There is limited publicly available information about the firm’s operating hours. However, crypto is traded 24/7 and forex markets are open through several major sessions each trading day:

Customer Support

Support services are provided 24/7. Traders who need help can reach out to the team through live chat, email at support@binarycent.com, web contact form, or call them directly.

The firm offers multi-lingual support:

Security

The broker protects payments with SSL-certified 256-bit encryption, 3D secure protocols, and by using a Visa or MasterCard secure code. The broker keeps client funds in European banks for added protection. Two-factor authentication is not available at the login stage, however.

BinaryCent Verdict

BinaryCent offers its own browser-based trading platform, mobile app, and educational resources. You can open an account with a minimum deposit of $250 and start investing from $0.10, making it a good option for beginners. You can also trade cryptocurrency, CFDs, forex, indices, and stocks. However, the firm is best known for binary options, which have an earning potential of up to 95% in 60 seconds.

Accepted Countries

BinaryCent accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use BinaryCent from United States, Canada, Israel, Cyprus.

Compare BinaryCent

Compare BinaryCent with similar brokers that accept traders from your location. Among available brokers these are the most similar to BinaryCent:

  1. Quotex – Quotex offers a proprietary web platform that has digital options and trading signals.
  2. Pocket Option – Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
  3. Nadex – The leading US trading Exchange. Nadex offer genuine exchange trading to US clients on Binary Options. Fully regulated by the CFTC.
  4. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.

BinaryCent Comparison Table

Compare BinaryCent With Similar Brokers
BinaryCent Quotex Pocket Option Nadex InstaForex
Rating 3.5 4.4 4.2 4.3
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Stocks, Commodities, Crypto Forex Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $250 $10 $50 $0 €200 to €50,000 (depending on account type)
Minimum Trade $.10 $1 $1 $1 0.01 Lots
Regulators VFSC IFMRRC CFTC CySEC
Bonus 20% to 100% 30% Deposit Bonus 50% Deposit Bonus
Education No No No No No
Platforms MT4, MT5
Leverage 1:100 1:30 for retail clients, 1:500 for professional
Payment Methods 12 10 25 7 10
Detailed Comparison BinaryCent vs Quotex BinaryCent vs Pocket Option BinaryCent vs Nadex BinaryCent vs InstaForex
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Nadex
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InstaForex
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Compare Trading Instruments

Compare BinaryCent Trading Instruments
BinaryCent Quotex Pocket Option Nadex InstaForex
Binary Options Yes Yes Yes Yes No
Ladder Options No No No No No
Boundary Options Yes No No Yes No
CFD Yes No No No Yes
Forex Yes Yes No Yes Yes
Stocks Yes Yes Yes No Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No No Yes
Gold Yes Yes No No Yes
Copper No No No No No
Silver Yes Yes Yes No Yes
Corn No No No No No
Crypto Yes Yes Yes No Yes
Futures No No No No No
Options Yes No No No No
ETFs No No No No Yes
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

BinaryCent vs Other Brokers

Compare BinaryCent with any other broker by selecting the other broker below.

BinaryCent vs

FAQ

Is BinaryCent Suitable For Day Trading?

Several factors make BinaryCent a popular platform for day traders. You can invest in various asset classes, including forex, commodities, stocks, cryptocurrencies and indices. Binary options can also be traded in as a little as 60 seconds. In addition, the minimum investment requirement is just $0.10 per trade. This gives you the ability to stretch your capital to cover more market positions.

What Is The Minimum Deposit To Open A BinaryCent Trading Account?

The minimum deposit requirement is $250 for Bronze, $1000 for Silver, and $3000 for the Gold account.

How Fast Can My BinaryCent Withdrawal Request Be Processed?

BinaryCent guarantees that all withdrawal requests are processed within an hour. However, it should be noted that it could take several days before the amount is posted to your debit card or bank account.

Is BinaryCent A Reliable Broker?

BinaryCent is a reliable trading broker. It is part of the Finance Group Corp that owns several leading online trading platforms.

What Kind Of Trading Platform Does BinaryCent Have?

The firm uses a proprietary web-based platform that has been developed exclusively for the Finance Group Corp. The APK application is also available for download as a mobile app from the Play Store or the App Store.

What Is The Maximum Leverage Available At BinaryCent?

The maximum leverage provided is 1:100 for CFDs and spot forex.

Can I Deposit And Trade Using Bitcoin Or Other Cryptocurrencies On BinaryCent?

Yes – 14 different cryptocurrencies are supported for account balances.

Can I Trade On BinaryCent From The USA?

No – regulations prevent the broker from being able to operate in the United States.

Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.