BinaryCent, Trade Binary Options for as Little as $0.1.

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Brokers » BinaryCent

BinaryCent

Bonuses

Software

Customer Support

Options Choice

  • Good bonus programme on deposits
  • Withdrawals are guaranteed to be processed within 1-hour
  • 2020 Journal Award bestowed by Tech Finance
  • Lack of additional trade formats

BinaryCent, trade binary options for as little as $0.1

BinaryCent offers a good bonus programme on deposits though x20 trading turnover of deposit is a somewhat onerous condition. This broker’s proprietary trading platform’s minimalist simplicity will appeal to beginners and technophobes and offers a very usable stripped-back trading experience. Live video feed chat constantly available in several languages leads to a particularly good score for customer support and the broker provides a health range of over 100 tradable assets including 11 cryptocurrencies.

Intro

The first step to entering the accessible, innovative, risk-controlled financial markets trading environment that is binary options trading, is settling upon a broker to work with. Even traders who have been in the market for some time would be best advised to keep their eye on other good brokers out there to ensure that they are getting the best product, service and deal available to them. And there are quite a number to choose from.

The recent surge in the popularity of trading binary options has led to a parallel surge in the number of companies offering brokerage services and a trading platform. Competition levels have boosted average standards across the industry, which can only be a positive for traders, but there is still a range of quality out there, not least when it comes to the softer arts of customer service and security of client funds.

We’ve taken the time to go through a significant number of the binary options brokers currently on the market to assess how they perform on key qualities such as trading platform technologies, pricing, banking, security and customer service. We sincerely hope that you find this resource as valuable as we intend it to be when it comes to saving individual traders research time! Here we cover BinaryCent, voted Best Broker 2020 by industry media and watchdog Fair Binary Options.

Company Information

BinaryCent is one of the more recent binary options brokers to come to the market having launched in 2020. The company is owned and operated by Finance Group Corp., and has its registered address in Vanuatu, a South Pacific tax haven. While not being registered in a more familiar location might often be cause for trepidation among traders and a red flag, this does not appear to be the case for BinaryCent. The brokerage has quickly grown in popularity since its launch a couple of years ago and has won numerous awards.

If there is one quality that speaks loudest with regards the security of a broker it is how quickly and smoothly withdrawals can be made from a funded trading account and BinaryCent has made its mission being the best in this regard. Withdrawals are guaranteed to be processed within 1-hour, against a 3 to 5-day industry average, a record that makes BinaryCent the fastest broker in the industry for withdrawals. As mentioned in the intro, the broker was also awarded the 2020 Best Broker gong by industry media and watchdog Fair Binary Options and its blog garnered the 2020 Journal Award bestowed by Tech Finance.

BinaryCent sets itself apart from its peers by offering what are arguably the lowest financial barrier-to-entry trading conditions currently available on the market, with a minimum deposit requirement of just $100 and minimum trade stakes as low as $0.10. These super low-cost trading conditions position BinaryCent as an entry broker for beginners to binary options trading.

Trading Software

BinaryCent has taken the brave step of developing and running its own proprietary binary options trading platform rather than going down the route of using white label software powered by one of the big 3 rd party platform providers. Positioning itself as the ultimate broker for beginners on pricing, the trading platform follows the same trend. Its minimalist approach has stripped back binary options trading and even the most tech-phobic will quickly get to grips with its simple and well laid out functionality which focuses on trading without the bells and whistles.

A key feature to BinaryCent’s trading software is the constant presence of a live representative providing support, though not trading advice, on placing and managing trades. While more advanced traders may look for more advanced features and tools than are available on the BinaryCent platform, the stripped-back simplicity will appeal hugely to beginner traders or those who prefer a trading platform to be a trading platform and to use other sources for things like charting and analysis.

The platform is web-based so now software downloads are necessary and traders can log in from any device that supports an internet browser.

Mobile

The minimalist nature of the BinaryCent trading platform makes its conversion to mobile app format almost seamless. Other than some minor tweaks, mainly to dimensions and around the live customer support window, traders will find little difference between the mobile app and desktop format of the platform.

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The app is downloadable at no charge in native Android and iOS versions from the Play Store and App Store respectively.

Assets available

BinaryCent’s platform gives traders access to a little over 100 different tradable assets which is above the industry average. Forex pairs, individual stocks and indices are all available. While gold and precious metals indices can be traded one chink in the broker’s armour is the fact that stand-alone commodities are not an asset class available to be traded.

One asset class that BinaryCent excels in that few other binary options brokers can compete with them on is the availability of several cryptocurrencies that can be traded. In fact, not only can traders using BinaryCent take out options on cryptocurrency price movement, trading accounts can be denominated in 11 different cryptos as their base currency!

Quotes on tradable assets are provided by Thomson Reuters.

Trading Features, Fees and Payouts

BinaryCent, in keeping with its ‘keep it simple’ approach offers traders classic high/low binary options and additionally only Turbo and Long Term options. Turbo and Long Term Options keep the same basic format but have, in the case of the former, a short timeframe of up to a few minutes, and, for the latter, a longer timeframe of up to a couple of months.

More experienced binary options traders may have become accustomed to seeing brokers offer a wider range of binary option formats such as One Touch and Ladder binaries. However, the reality is that around 95% on trades are made on classic binary options or shorter and longer-term options that stick to the high/low principle. The lack of additional formats may be considered a deficiency for some but the vast majority, particularly BinaryCent’s main target of beginners, will not consider this a loss.

No additional fees are charged either for ‘administration’ of dormant accounts or for withdrawals but traders do cover transfer fees on deposits and withdrawals. These will vary depending upon the payment processing choice of the trader and it is their responsibility to inform themselves on what fees may be applied to their favoured payment method.

Bonuses & VIP programs

BinaryCent’s bonus programme is based on tiered deposit match funds on deposits of between 20% and 100% added to the trading account. The broker may also offer additional bonus top-ups to subsequent deposits at its discretion. Bonuses come with the condition that the deposit upon which the bonus is made must be traded to a minimum of x20 turnover. If a withdrawal is made before that is the case, BinaryCent’s stated policy is as follows:

The bonus will be cancelled in full.

All the trading losses will come from the original deposit first and the remaining balance may be withdrawn.

Any profits made as a result of use of the bonus can be cancelled at the discretion of BinaryCent.

Traders can decline bonuses at their own discretion if they do not wish to be tied to its turnover terms.

Deposits and withdrawals

Both withdrawals and deposits can be made via a range of different payment methods including debit and credit cards and an impressive selection of e-payment processors. One downside is that bank wire transfers are not supported but to balance things out BinaryCent supports deposits and withdrawals via 15 crypto and alt digital currencies.

The minimum account deposit is set at just $100, appealing against an industry standard of $250. The minimum withdrawal from a trading account is set at $50 and withdrawals are aimed to be processed within 1 hour, though the terms and conditions bind the broker to a 10-day window.

Customer Support

BinaryCent focuses its customer support on the live chat with video link box that is a prominent on all areas of the broker’s website and within the trading platform. Support is available in English, French, Dutch, Spanish, German, Portuguese, Arabic, Thai and Mandarin. Telephone and email support is also provided.

Extra features and resources

One-to-one mentorship with a trading professional is one of the flagship resources that BinaryCent provides, though this is limited to traders who have made larger deposits. Another additional feature of the trading platform is the social trading functionality that allows traders to ‘mirror-trade’ the most successful traders on the platform by replicating their positions. Traders can, however, adjust the stake size to be more or less than that of the trader being mirrored.

Verdict

The stripped-down, minimalist trading platform, $100 initial deposit requirement and $0.10 minimum trade stake means that BinaryCent will inevitably appeal most to less experienced traders. However, in saying that these qualities will also appeal to a certain segment of more seasoned traders who prefer simplicity and low stakes.

The offshore domicile of the broker may be off-putting for some but the awards BinaryCent has been scooping up over the past couple of years since being founded as well as the standard-setting withdrawals processing times should allay most concerns.

A good, if simplified, trading experience, a healthy range of tradable assets, cryptocurrency early adoption both in terms of payments processing and tradable instruments and micro stake sizes all offer significant appeal.

What is the minimum investment stake available with BinaryCent?

The minimum investment stake for trading with BinaryCent is $0.1.

What is BinaryCent’s minimum deposit?

The minimum deposit required to open an account with BinaryCent is $100.

How long does it take BinaryCent to process withdrawals?

BinaryCent’s stated withdrawals processing target is 1 hour though terms and conditions state up to 10 days.

Do BinaryCent offer cryptocurrency trading?

Yes, 11 different cryptocurrencies can be traded as binary options.

Can I trade on BinaryCent with a cryptocurrency account?

Yes, 15 different crypto and alt currencies are supported as base currencies of a trading account with BinaryCent.

BinaryCent Review

Rating section:

  • Bonuses: 70/100
  • Software: 75/100
  • Customer Support: 90/100
  • Options Choice: 85/100
  • Overall: 80/100

Summary

BinaryCent’s bonus program is generous and the x20 trading turnover that must be reached before withdrawals as a condition of accepting the bonus is less demanding than that of many other binary options brokers. The trading platform itself, which has been developed in-house and is not one of the big white label options, has very intuitive usability, isn’t cluttered with unnecessary and distracting functionalities and provides for a high-level trading experience.

A unique and extremely helpful feature of BinaryCent is the in-platform live video feed to customer support. A healthy range of over 100 assets can be traded on the platform and fans of cryptocurrencies will be particularly enamored by the fact that 11 are included in the trade-able assets list.

One of the most important decisions binary options traders have to make, is their choice of broker. How enjoyable and successful binary options traders will prove for beginners is very much influenced by whether they start out with a suitable broker. More experienced traders would also be best advised to occasionally try new brokers and research the market to make sure they are taking advantage of the most suitable trading platform, terms and customer service available.

Binary options trading has exploded in popularity over the past few years and with it the number of brokers on the market. As such, conducting the research to establish the most suitable broker can be quite a daunting and time-consuming process for traders. Trading platform, range of tradable assets, fees, general terms and broker security and reputation are all important.

In our binary option brokers review section, we have done our best to make your research more efficient by summarizing much of the key information important to traders on a wide range of brokers. In this particular review, we take a closer look at BinaryCent.

Company Information

BinaryCent, fully-owned and operated by Finance Group Corp., was established in 2020, making it a relatively new entrant to the market. However, the broker has not wasted any time in forging a reputation for itself and in its first year of operations was recognised as Best Broker 2020 in the awards handed out annually by industry media Fair Binary Options. The company is registered in South Pacific territory Vanuatu, a tax haven that has become home to a significant number of companies in recent years, proving particularly popular with the finance and shipping industries.

BinaryCent have positioned themselves as an extremely low-barrier-to-entry brokerage with a minimum deposit value of only $100 and trade stake to open a binary option going as low as $0.1. These conditions naturally make the broker a popular choice with beginners who can gain real-money trading experience within a relatively small budget while learning to become proficient enough to realize sustainable returns.

Trading Software

BinaryCent’s trading platform is a proprietary product developed in-house rather than a white label version from one of the industry’s specialist platform software providers. The platform’s strength lies in its simplicity. Simple, intuitive placing of binary options and tracking and management of open trades is the sole focus of BinaryCent’s trading station. The other side of the coin is that a section of traders may feel that the stripped-back nature of the trading experience lacks certain features such as news feeds or charting packages. However, the kind of tools added around the trading functionality of a platform are conveniently and usually without charge found elsewhere online and BinaryCent traders appreciate that this trading platform is 100% focused on the trading itself.

One extra the BinaryCent platform does feature is the constant facility for support via video chat. While the customer support representatives do not provide trading advice, they are permanently on hand for any queries or issues a trader may be having. Again, this feature demonstrates BinaryCent’s commitment to beginner traders and their introduction to binary options trading.

The platform is browser based so does not require any software downloads. Traders are able to log into and use their trading account from any device that supports a browser.

Mobile

The clean, trading-focused nature of BinaryCent’s trading platform helps make its conversion to mobile app format particularly smooth. With the desktop version in any case lacking clutter and screens with lots of small menus and fiddly functionalities, adapting the layout and dimensions to an optimal format for smaller screens has required little more than minor tweaking. This means that traders already used to the browser-based desktop version can move almost seamlessly to the app version with minimal usability changes to get to grips with.

The app is free to download and use with Android and iOS-compatible versions available.

Assets available

Traders have access to over 100 different assets across forex, company stocks and indices. Commodities such as gold are also traded via indices with BinaryCent. Cryptocurrency trading is a particular focus and strength of BinaryCent and seven different cryptos are offered as tradable assests, including Bitcoin, Litecoin and Ethereum.

All BinaryCent price quotes are provided by Thomson Reuters.

Trading Features, Fees and Payouts

As well as classic call/put binary options (also often referred to as high/low), which have expiry times of between half an hour and the end of the trading day, shorter and longer-term options are also offered. Super short-term ‘Turbo’ options expire within 3 minutes with Long-Term options offering expiry times of up to 3 months.

While many binary options brokers now offer additional formats such as ‘One Touch’, and ‘Ladder’ options, the vast majority of traders stick to standard format options. As such, the absence of several different ‘alternative’ binary option formats is unlikely to be considered a significant shortfall by many traders.

A minimum investment stake of just $0.1, the lowest on the market, is a major USP of BinaryCent and again in line with its policy of providing binary options trading with the lowest possible barrier to entry.

Applicable fees include a $10 maintenance charge to accounts that have not seen at least 1 trading transaction in at least a month. A 5% transfer fee is also charged to withdrawals to debit or credit cards, though no fee is applied to withdrawals to e-payment processors, though the companies themselves may charge.

Payouts reach a maximum of 90%.

Bonuses & VIP programs

BinaryCent traders are awarded cash top-up bonuses on deposits made into their trading account. The bonus system is tiered with top-ups increasing with the value of the deposit up to a maximum of 100%. The bonus conditions are 20x turnover of the deposit value the bonus is made on, however if the trader does wish to make a withdrawal before that level of turnover has been reached they can do so with the bonus being cancelled and any losses that may have been sustained coming out of the initial deposit itself. Traders who do not wish to be tied to bonus conditions are free to decline the top-ups offered.

New account holders are also awarded 3 ‘risk free trades’ as a starting bonus. This means that if any of their first 3 binary option positions close out of the money, the loss is refunded to the trading account.

Deposits and withdrawals

Deposits into and withdrawals from a BinaryCent trading account can be made via either Visa or Mastercard debit and credit cards, a good range of popular e-payment processors and with 15 alt and cryptocurrencies. As far as we are aware, BinaryCent is the binary options broker offering the richest selection of alt and cryptocurrency payment processing facilities. Traders can not only use cryptocurrencies to process payments but their trading account’s base currency can be in a cryptocurrency. One limitation is that BinaryCent does not support bank and wire transfers.

The minimum account deposit is set at just $100 and minimum withdrawal is $50.

Customer Support

As already mentioned, customer support is provided via live video chat available 24/7 with agents speaking English, French, Dutch, Spanish, German, Portuguese, Arabic, Thai and Mandarin. Telephone and email support are also available. Assistance is one thing that BinaryCent traders are certainly not lacking!

Extra features and resources

Social trading where platform users can see the trades being placed by peers, as well as their historical trading records is a popular feature of the BinaryCent platform. Traders can choose to mirror the trades of others, with full control over the value of their own investment stake.

One-to-one mentor-ship with an experienced traded via video chat is also an additional resource available. Traders can choose from a range of areas they may feel they could use some help with such as the practical application of technical analysis when looking for good trading opportunities.

Verdict

BinaryCent’s unique advantages are the broker’s low $100 deposit requirement and tiny $0.1 minimum investment level. Such a low financial threshold and the accessibility of the trading platform itself means that a great environment for beginner traders is BinaryCent’s natural strength. However, there are also many more experienced traders that will also find these qualities appealing.

The accommodation of a wide range of crypto and alt currencies both for use in payment processing and as account base currency is another USP that provides a strong draw as is withdrawals processing times of 1 day. The live video chat customer service is another standout feature.

There will be traders who want more than the 100+ assets available to trade via BinaryCent, or who want a trading platform with more additional and complex functionality. However, most will consider the trading experience and general service provided by BinaryCent to be of top quality. Overall, a good choice of binary options broker, particularly for beginner traders.

FAQ

What is the minimum investment level on the BinaryCent trading platform?

The minimum investment position is $0.1.

What is the minimum deposit that can be made into a BinaryCent trading account?

The minimum deposit is $100.

Do BinaryCent offer Bitcoin trading or other cryptocurrencies ?

Yes, 11 different cryptocurrencies can be traded as binary options.

6 Styles Of Trading Strategies: Find The Best One For You

Binary options is one of the most popular trading trends since 2008. Are you willing to give it a try?

You need to know how to start trading binary options and which strategy to use.

Make use of this online guide to get all necessary basic information and best trading strategies that can be considered.

Jumping straight to trading without a strategy can prove to be disastrous for even experienced traders.

Without a strategy if you consider trading, it’s more like gambling.

There will be no logical reasoning for getting into a trade and thus it’s just betting on luck.

Whereas, if you follow some strategy that suits your style, there is high probability of making money. Moreover, according to the market conditions, you can amend your strategy to fit various needs.

Of course, you will need a lot of dedication, effort and investment (money and time), but once everything is set, you will reap regular benefits.

It is up to you to decide whether you want to trade or bet.

Trading is more with a set of techniques and strategies while betting is purely at the basis of luck.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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