BinaryCent Review 2023

Visit

Available in United States

Our Rating

3.5
/ 5

BinaryCent is #8 in our binary options broker rankings.

Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:500 leverage is also available.

✓
Trusted

✓
Demo Account

✓
Copy Trading

✓
Award Winning

Minimum Deposit $250

Trading Platforms Proprietary

Instruments CFD, Forex, Crypto, Binary Options, Stocks, Options

Bonus Offer 20% - 200% deposit bonus

Account Currencies USD

Payment Options Debit Card, Credit Card, Neteller, Bitcoin Payments, Wire Transfer
and 7 more

All BinaryCent Details

Compare BinaryCent

Binary Trading

BinaryCent offers welcome deposit bonuses and high payouts up to 95%. Traders can get started with a straightforward joining form.

Forex Trading

You can trade forex on BinaryCent with leverage up to 1:500

Stocks Trading

Stocks and indices are available to trade on the BinaryCent platform

CFD Trading

You can take positions on a range of popular trading markets

Crypto Trading

BinaryCent offers trading on a decent list of cryptocurrencies. The broker also accepts crypto deposits and withdrawals.

Copy Trading

The copy trading tool is available for all account types, including the lowest - Bronze

Awards

• Tech Finance - Journal Award - 2015
• iFX Expo Asia Award - 2016

BinaryCent is an online broker specializing in binary options, forex, and CFDs. This 2023 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. 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. Navigation is also straightforward, making it suitable for beginners.

In addition, the broker recently added a raft of new features to enhance the user experience. Multiple tabs with charts for different assets can be opened simultaneously and fresh scaling options are available. There is also a new and intuitive technical analysis design, additional time options for OTC assets (5, 15 and 30 seconds), plus a reconfiguration of the CFD trading page where Take Profit, Stop Loss and IF functions are clear on spot.

How To Trade At BinaryCent

To make a trade, simply select the asset from the menu in the top left of the platform, choose between ‘Options’ or ‘CFD’, and then fill in the trade details:

• For Options, you will need to specify the duration of the contract, investment size, review the payout, and then click the ‘Up’ or ‘Down’ buttons.
• For CFDs, you will need to choose the order type (market or pending), the position size, leverage, any stop loss or take profit levels, and then click ‘Place Buy’ or ‘Place Sell’

Assets & Markets

In terms of assets, BinaryCent offers the following classes:

• Cryptocurrencies
• Market indices
• Binary options
• Commodities
• Options
• Stocks
• Forex

BinaryCent also recently bolstered its suite of OTC assets with payouts up to 95%. This means traders can speculate on popular forex pairs, including the EUR/USD, with a minimum trade size of ¢0.01.

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 1:500. 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 Payment Methods

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

• Cryptocurrency wallets that take Bitcoin, Ethereum, Dash, Litecoin, and other altcoins
• eWallets like Skrill, WebMoney and Neteller
• Major credit cards such as VISA and Mastercard

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.

Note, it will show whether you in Demo or Real mode in the top right hand corner of the BinaryCent trading platform.

Bonuses & Promotions

The bonuses offered by BinaryCent range from 20% to 200%, 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. Users simply need to decide how much they want to invest in the ‘$…’ field next to the trader’s name. The ‘Copy Trading’ tab is on the right of the trading platform and traders are ranked by their percentage returns.

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

• Minimum deposit of $250
• Live video chat support
• 20% deposit bonus
• 1-hour withdrawal
• Copy-trading tool
• Demo account

Silver Account

• Minimum deposit of $1000
• Live video chat support
• 1-hour withdrawal
• 50% deposit bonus
• 3 risk-free trades
• Copy-trading tool
• Demo account
• Master class

Gold Account

• Minimum deposit of $3000
• Live video chat support
• 100% deposit bonus
• Personal manager
• 1-hour withdrawal
• Copy-trading tool
• Demo account
• Master class

BinaryCent also offers a Rollover feature. This paid service essentially allows you to extend your trade for 100% of your desired timeframe on the first use. Each subsequent use will let you extend by up to 30%.

The cost of a rollover is $1 = 1 rollover. With that said, free rollovers may be available based on your deposit and account type.

Benefits

Reasons to sign up for a live BinaryCent account include:

• Copy trading
• Trades from ¢0.01
• Binary options bots
• Easy to use platform
• Different assets available, including binary options

Drawbacks

Downsides of registering with BinaryCent include:

• Not available in the USA
• Regulated by the VFSC which isn’t a top-rated regulator
• Information on spreads, commissions and trading hours is vague

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:

• Tokyo – 7 pm to 4 am EST
• Sydney – 5 pm to 2 am EST
• London – 3 am to 12 pm EST
• New York – 8 am to 5 pm EST

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:

• Thai – 02-21345671
• Chinese – 3-395-0396
• English – +1-8299476393
• Russian – +7-499-3806317
• Singapore – 965-65425142
• Australia – 61-8-5550-7288

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, Canada, United States, 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.

Payment Methods

• Visa
• Mastercard
• Debit Card
• Credit Card
• Skrill
• WebMoney
• Neteller
• Bitcoin Payments
• POLi
• Wire Transfer
• Perfect Money
• Ethereum Payments

BinaryCent Details

CFD Trading Details

Forex Trading Details

Cryptocurrency Trading Details

Binary Options Trading Details

Compare BinaryCent

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

1. Binarium – Binarium is an unregulated, global binary options broker with a range of financial markets, account types and base currencies on offer.
   Go to Binarium
2. Videforex – Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 98% per trade.
   Go to Videforex
3. RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
   Go to RaceOption

BinaryCent Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by BinaryCent and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

BinaryCent vs Other Brokers

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

FAQ

	Visit	Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:500 leverage is also available.
Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:500 leverage is also available.