To be clear, this is a BinaryCent Review.
BinaryCent is a binary options platform that was founded in 2017. The broker gives its traders the opportunity to work with cryptocurrencies, stocks, CFDs, commodities, Forex and binary options.
How Does BinaryCent Exchange Work
The BinaryCent broker offers its users to start trading with a minimum deposit of $ 10, a rate of $ 0.1 and a quick withdrawal of money to bank cards and e-wallets. Bank transfer takes from 3 to 7 days.
The entire trading process is carried out through a web terminal. The platform also has a demo account, but it becomes available only after the replenishment of a real account. Traders are invited to open such types of accounts as:
A deposit of 100-500 dollars and a bonus of 20%.
Deposit $ 500-2500 and a bonus of 50%. With these accounts, you will have the first 3 transactions without risk. The broker compensates for losses on these 3 transactions from his own funds. There is also a web session with which you can trade using company analytics.
A deposit of $ 2500-25000 and a bonus of 100%. Such an account provides a free Swiss payment card and provides a personal manager.
The platform offers replenishment of a trading account via VISA / Mastercard, WebMoney, Alipay, JCB, Wire Transfer, Amex, UnionPay, and others.
How To Trade On BinaryCent
To create an account on binarycent.com you will need to fill out a registration form. Then,, you will be offered a promotional code as a small bonus. If you use it within an hour after registration to replenish your account, you will receive 5 insured transactions. When this registration is completed, you can replenish the deposit and start trading.
In your account, there is a form for data verification. In addition to scanned copies of documents, you must sign an agreement with an electronic signature. The company has up to 2 working days to reconcile data after the submission of documents. Binarycent reviews say that verification usually passes even faster than the deadline.
If the trader does not show activity within 1 month and at least one transaction is not concluded, then a fee of $ 10 will be charged for maintaining the account in an active state. If inactivity is observed for 30 months, then the company can block your account no matter how much money is left on it.
Is BinaryCent Safe?
The BinaryCent broker is founded and managed by the Office of the Finance Group 309 and 310, Albert Street, Victoria, Mahe, Seychelles. Unfortunately, there is no information confirming that the company has a regulatory body. Most likely, it doesn’t have it.
Review results – is Binarycent scam?
In general, BinaryCent looks good, but the lack of a regulator significantly complicates the opinion about the platform. Despite this, the broker has its own advantages in trading, such as a large number of assets 100+, high profitability of 80-90%, round-the-clock support and trading for $ 0.1 in one transaction. Also, customer support and company service is good and fast enough. There are no problems for traders with opening a new account, depositing and withdrawing money.