Binary Review: MetaTrader 5 platform
What is Binary
Binary Options Broker was previously known as BetOnMarkets.com. The platform began its work in the market in 1999 and now is one of the leading companies with a large number of active users (more than 1,000,000).
After 20 years of work, the company does not stand still and is constantly evolving. With the release of a large number of trading instruments created to reduce risks in such an extremely active sphere as binary options, Binary has not been lost among a huge number of competitors and continues to stand out from them.
How Does Binary Exchange Work
The broker offers its users a MetaTrader 5 platform for trading various assets. This is a modern powerful terminal and an updated version of the famous MT4, which has advanced functionality. It provides an opportunity to profitably invest in Forex, CFD, and others.
Advisor (EA) from MetaTrader 5 is a trading robot that works according to the algorithm specified by the author. After setting, it automatically opens, closes positions and can notify of market signals. This is a reliable adviser that will simplify trading in the financial markets, allow you to study information about transactions and adjust your trading strategy and will be just a useful tool.
There are 5 types of options available on the platform (up / down, touch / no, touch, inside / outside, Asian, digital), as well as information about them. You can conduct a technical analysis of the market by changing the type of chart display, expiration date, add indicators to it and compare several assets.
Also, the trading platform has a limit on replenishment and withdrawal of funds, the amount of which directly depends on the jurisdiction in which the trader’s account is registered. For example, a user’s account is opened in the European sector, the limit will be 2,000 euros both to replenish the balance and to withdraw money. There are many options for depositing and withdrawing money, such as through online banking, SWIFT, WesternUnion, VISA, MasterCard and UnionPay (USD) cards.
Is Binary Safe?
In the EU, Binary is licensed as a Category 3 investment services representative, which is regulated by the Malta Financial Services Authority of Malta (license number IS / 70156). The broker also has other licenses that allow him to carry out his work in other regions of the world: license of the Financial Services Commission of Vanuatu (VFSC), Financial Services Commission of the British Virgin Islands, British Virgin Islands, FSC (license number SIBA / L / 18/1114 ) other.
Binary is deservedly considered one of the leaders in the options industry and there are no questions regarding the safety and reliability of the service.
However, traders’ reviews of Binary.com on the Internet note that sometimes withdrawal requests are considered longer than the days announced by the company. But the technical support of the resource works well so that all problems are quickly resolved. In general, the terms of trading on the platform are some of the most acceptable.