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BinaryCent vs BitMEX

BinaryCent vs BitMEX Comparison Table 2023
BinaryCent BitMEX
Review
3.5

BinaryCent is #9 in our binary options broker rankings.

Review
3.2
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
See available crypto brokers

BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

Bonus Offer
20% - 200% deposit bonus Fee reduction for BMEX token holders
Comment by Reviewer
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent." "Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders
  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Great customizability using widgets within the platform, making it easier to see exactly what you want
  • A platform solely designed for crypto makes it more streamlined than multi-asset terminals
  • Access to a considerable amount of information directly from BitMEX, freely available on their site
  • The opportunity to talk to investors from all over the world using the inbuilt chat functionality
  • High levels of security, ensuring that trading on the exchange is relatively secure 24/7
  • A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin
  • Earn interest on HODL-ing tokens – Tether and Bitcoin
  • Highly leveraged crypto trading with rates up to 1:100
  • Insurance fund to avoid liquidation plus python API
Cons
  • Not available to traders based in the US
  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies
  • The interface is not as new, stylish or innovative as other options on the market
  • Withdrawals are only carried out at a set time of day
  • Legal dispute with US regulators resulted in fines
  • Only Bitcoin is accepted for free withdrawals
  • Range of crypto assets not as wide as rivals'
Awards
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
Instruments
Stocks, Options, CFD, Forex, Crypto, Binary Options Crypto
Demo Account
Yes Yes
Minimum Deposit
$250 $0.01
Trading Platforms
  • Own
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
$0.01 Variable
Regulator
VFSC Republic of Seychelles
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No Yes
P2P Trading
No Yes
Spot Trading
Yes Yes
Mobile Apps
iOS, Android iOS & Android
Auto Trading
Centobot for binary options BitMEX Market Maker, BotVS, and via API
Copy Trading
Yes No
Copy Trading Platform
The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
Yes Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. CFD trading not offered
Leverage
1:500
FTSE Spread
Floating
GBPUSD Spread
Floating
Oil Spread
Floating
Stocks Spread
Floating
Forex Trading
Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. Forex trading not offered
GBPUSD Spread
Floating
EURUSD Spread
Floating
EURGBP Spread
Floating
Assets
25+
Cryptocurrency
BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.
Spread
N/A -0.01% maker, 0.075% taker
Coins
  • ZEC
  • XRP
  • XMR
  • SAN
  • OMG
  • LTC
  • BTC
  • IOT
  • ETH
  • ETC
  • EOS
  • DSH
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No Yes
Binary Options
BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. Binary options trading not offered
Payout
95%
Expiry Times
5 seconds - 30 days
Ladder Options
No No
Boundary Options
Yes No
Review
Review
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