BinaryCent is an online platform that offers binary options and CFDs trading on financial assets like forex, commodities, stocks, and cryptocurrencies. With their proprietary web-based platform, users can analyze price charts, utilize technical indicators, and profitably trade the financial markets.
In this review, we comprehensively assess BinaryCent based on key parameters that matter to traders. We cover their trading platform features, available assets, account tiers, educational resources, customer support, security measures, fees and commissions, and more. Our goal is to provide an objective and unbiased review of BinaryCent to help traders understand what this broker offers.
BinaryCent broker offers an easy-to-use online trading platform that lets you profit from predicting whether financial markets will go up or down. Their website provides interactive charts and tools to analyze market price movements. You can trade on forex, commodities, global stocks, and cryptocurrencies like Bitcoin.
BinaryCent gives you two ways to trade these markets – binary options and CFDs. With binary options, you choose whether a market will be above or below a target price at expiration. If your prediction is right, you earn up to 95% returns on your investment. Binary options expire in as fast as 5 seconds up to 30 minutes.
CFDs allow you to go long or short with leverage. So you can profit from both rising and falling prices. BinaryCent offers up to 1:500 leverage on CFDs. This gives you larger exposure with less upfront capital.
The platform also has social trading. You can copy trades from experienced investors automatically. This hands-free approach lets you earn as an expert trader. With the platform’s turbo savings feature, you can earn up to 128% passive income on your balance. This earning can be withdrawn daily.
Traders can deposit onto BinaryCent using credit/debit cards, e-wallets like Neteller, cryptocurrencies like Bitcoin, and various local payment methods. The minimum deposit is only $20 on the Bronze account. This makes BinaryCent accessible even for those starting with a small account.
When ready to take money out, traders can withdraw via wire transfer, e-wallets like Neteller or directly to your crypto wallet. BinaryCent typically processes payments within 1 hour to 1 business day. This enables quick access to your profits. Customers report excellent support if any withdrawal issues arise. A key benefit of BinaryCent deposit and withdrawal methods is that they take zero transaction commissions.
BinaryCent broker offers four account levels for traders. All account types come with demo accounts, tech research tools, and giveaways. However, each tier has increasing benefits based on your experience. Here’s an overview of the accounts offered by BinaryCent:
Here is a detailed comparison of the features and perks of these accounts
| Feature | Bronze | Silver | Gold | VIP |
| Minimum Deposit | $50 | $1,000 | $5,000 | $50,000 |
| Payouts Boost | +0% | +1% | +2% | +3% |
| Deposit Bonus | 20% | 50% | 100% | 200% |
| Maximum Trade Size | $250 | $1,000 | $5,000 | $50,000 |
| Free Rollovers | 20 | 50 | 300 | 500 |
| TradeBack | 0.1% | 0.5% | 1% | 2% |
| Withdrawal Time | 8 hours | 4 hours | 1 hour | Instant |
| Customer Support | Standard | Priority | Priority | Priority |
The higher-tier accounts (Gold and VIP) also come with a personal manager, tighter spreads, more leverage, and personalized support.
BinaryCent offers responsive, multilingual customer service through live chat, email, phone, and other methods. Customers can get help from their customer service team 24 hours a day, seven days a week. Help is available in over 15 languages, such as English, Spanish, French, Chinese, and more.
We discovered that most BinaryCent reviews on sites like Trustpilot are good about the company’s customer service. The multilingual team seems helpful in quickly fixing problems through all the different ways to contact them. When people call BinaryCent’s customer service line, someone answers immediately and tries to get back to them within 5 minutes.
BinaryCent makes live chat easy to use by putting it on its trade platform and website. The chat feature makes getting answers right away when logged in simple. Overall, BinaryCent seems dedicated to ensuring buyers can get help quickly.
There are pros and cons to using this binary option and CFD broker. Here’s what you should know before signing up with them.
BinaryCent uses SSL encryption and other methods to keep account access and sending of data safely. The information sent between a user’s browser and BinaryCent’s servers is scrambled with 256-bit SSL encryption on their website and trading sites. This helps keep sensitive info from getting into the wrong hands.
When traders open a BinaryCent account, they have to choose their password. Adding this extra login information to the username helps protect the account even more by limiting who can access it. With Google login, you can make your account even safer.
The broker also keeps client money in segregated accounts at top banks. Keeping company funds separate from client deposits lowers trading risks and protects trader money if the broker goes bankrupt.
BinaryCent has a weekly trading contest for $20,000. In the competition, all traders are immediately entered if they trade in their account that week. Traders who had the most profitable trades by the end of the week are considered winners. The $20,000 prize fund is split among the top 20 winners every week.
Bonuses for referring friends are also available at BinaryCent. You can get 20% of their first deposit when they get a friend, family member, or coworker to start an account. This bonus is meant to get more people to sign up with BinaryCent by rewarding you every time a new trader signs up through your link.
Overall, BinaryCent provides a well-rounded online trading experience suitable for new and experienced traders. The variety of tradable assets, account tiers, customer support options, and focus on fast withdrawals are advantageous. While advanced traders may prefer a broker with Meta trader platforms, BinaryCent offers the key tools and features to trade financial markets profitably. For beginners, the low minimum deposit, demo accounts, and copy trading makes it easy to start trading binary options and CFDs.
Signing up with BinaryCent is a quick and easy process. You just need to go to their website, click “Sign up,” and complete the registration form. This requires providing your name, email address, and phone number and setting a password.
Yes, you can access BinaryCent’s trading platform on mobile devices. Since it is web-based, you can simply open the website on your phone or tablet’s internet browser. This allows you to monitor positions, open trades, and analyze charts on the go.
BinaryCent gives you the ability to trade cryptocurrency CFDs. This includes major cryptos like Bitcoin, Ethereum, Litecoin, and Ripple. Rather than buying cryptocurrencies, you would earn from its price movements with CFDs.
BinaryCent provides new traders with a demo account loaded with virtual funds. This allows you to try out their platform risk-free before depositing real money. It’s a good way to get familiar with their tools and practice your trading strategies.
BinaryCent allows trading in various markets. You can trade major forex currency pairs like EUR/USD and GBP/USD. BinaryCent also offers CFDs on key stock market indices like the USA 500 and Swiss 20. Additionally, you can trade CFDs on commodities like gold, silver, and oil and cryptocurrencies like Bitcoin, Ethereum, Polygon and Ripple.