BinaryCent Review 2024 With Rankings By Dumb Little Man

Are you looking to start binary trading? Or perhaps you are already experienced in this area and are looking for a new broker? Well, this Binarycent review is just perfect for you. Binary options are now quite popular and can give you a chance to make quick decent returns by trading a wide range of financial derivatives.

But just like any other trading initiative, you need a reliable broker that you can trust. While many binary options brokerages are out there, finding a firm that can meet your specific needs is often easier said and done.

This binarycent review will give you all the info you need about the broker. You will learn what it is, some of the features that come with it, how to open a trading account, and additional information that should help you make the most of these services.

What is BinaryCent?

BinaryCent is a financial broker that allows you to trade binary options. The platform offers advanced trading technology, superb leverage, and an array of trading tools for people who want to invest in the often high-risk and high-reward binary options. The binary options broker is regulated by the Vanuatu financial services commission and has built a reputation of reliability and trust from previous clients.

If you are looking for ways to start trading binary options with an initial deposit of as low as $250, this would be the perfect option for you. Besides, if you are unsure about the broker and how it works, you can still open a demo account and test the system before jumping into real trades.

After that, Binarycent will give the option to open several live trading accounts, including a gold trading account that comes with three risk-free trades. You will also get an easy-to-use trading platform that also features a free demo account. This will make it easier for new clients to understand the system better before they trade real money.

BinaryCent Account Types and their Features

In order to help you trade binary options as effectively as possible, the folks at Binarycent offer three main account types. This includes a bronze account, a silver trading account, and a gold trading account. Here is a breakdown of these account types, the features they have, and the asset classes you can trade with them:

#1. Bronze Account

The bronze account is the most basic of all the accounts on offer at Binarycent. The account comes with 24/7 live customer support. You will also be able to open a free demo account as well to hone your skills before you start trading the real market.

In addition, the bronze account will offer you a copy trading tool that allows you to do effective copy trading using a few simple steps. Additionally, the leverage provided here is 1:500, and you also get a bonus of 20% for the first deposit that you make.

However, please note that a minimum deposit of 250 dollars will be needed when you open this account. The bronze option is suited for small traders who don’t anticipate having a lot of trading volume.

#2. Silver Account

If you are an intermediate trader, the silver trading accounts offered by Binarycent will be ideal. The option comes with all the features that you get from the Bronze Account. However, you still get some additional perks as well.

For example, instead of the 20% deposit bonus that is featured in the Bronze account, you get up to 50%. There is also an advanced copy trading tool, 24/7 live customer support, and no minimum withdrawal requests. The account also gives you access to the trading platform binarycent, and besides, you will also get a master class on how to trade and profit in the long run.

But perhaps one thing that you should look forward to is the fact that you get three risk-free trades free of charge. Nonetheless, please keep in mind that you need a minimum deposit of $1000 to use the silver account.

#3. Gold Account

The Gold Account is the most advanced option, and it is ideal for people who intend to engage in large-volume trading. The trading account, of course, comes with all the features that you get in both the bronze and the silver trading accounts. This includes the binarycent trading platform for professional binary options traders.

Also, there is no minimum withdrawal amount, and besides, the broker offers relatively lower trading fees compared to the two accounts above. We will discuss more on fees later in the post. Nonetheless, the gold account also gives you access to top-rated copy trading tools, a master class to help you trade like a pro, and three risk-free traders as well.

But more importantly, you will also be able to get a personal success manager attached to your account. This will literally be the person who will guide and mentor you as you undertake this high-risk binary options trading strategy. All gold account holders also get a deposit bonus of 100% of the initial deposit and fast options to withdraw money that take less than an hour.

How To Open Your Account

Whether you want to trade forex binary options, commodities, and other asset classes, Binarycent makes it way easy for you to open a trading account. Well, to open a trading account with Binarycent, you can follow these steps:

1. Go to the Binarycent website and click on the “Open Account” button. You will be redirected to a page where you will be required to fill in some personal details. Do not worry, the team does not need sensitive data.
2. Fill out the registration form with your personal details and create a username and password. This should take you just a few minutes.
3. Once the personal details are in, a verification email will be sent to your inbox. Please go ahead and verify your email address by clicking on the link sent to your email. Note if there are any other additional instructions as well.
4. Log in and complete the verification process by providing the necessary identification documents as soon as your account is created. This includes a government-issued ID or passport, and in some cases, you may be required to show some proof of address. Simply upload the documents and wait for 24 hours or less for the account manager to verify everything.
5. Once your account is verified, you can deposit funds and start trading. Keep in mind that there are minimum deposit requirements depending on the account type you have chosen. A minimum deposit of 250 is needed for the bronze one, while the silver account requires a deposit of at least $1000. The gold account, on the other hand, requires a minimum deposit of $3000.

It is also important to note that Binarycent is a multiplatform broker. This means that you can use the web platform or the mobile platform. As for the mobile platform, you may not be able to find this on the Google play store in some countries. But do not worry. You can use APKs from the website to get the app and access the trading platforms.

BinaryCent Spreads, Fees, and Commissions 

Unfortunately, there is very little info about the fees that Binarycent charges. In fact, we scanned through the website, social media, and customer reviews to see if we could get any specific details about fees, but there was really nothing of note. But there is some general info to keep in mind.

First, each account type has a minimum amount requirement, whether you are trading on the web platform or the mobile app. The minimum deposit starts from $250 and goes as high as $3000. Also, a fixed commission will be charged every time you enter a trade. However, these commissions are variable and will depend on the trading conditions at any given time and the asset classes you intend to trade.

Binarycent offers variable spreads too in several assets, while others come with a fixed spread. This is actually a widespread practice in the financial markets. There are also some transfer fees involved. These ones will not be charged when you open an account, though. They often come when you deposit or make a withdrawal.

BinaryCent Bonuses

One area in which binarycent excels is in bonuses. In fact, this fair binary options broker offers some of the most insane bonuses out there. However, how much you get in bonuses paid often depends on the account type that you have. For those who are using the basic bronze binary cent account, your bonuses start from 20% of the initial deposit.

For those who have a silver account, bonuses start from 50%, while gold account holders get as high as 100%. The payable bonuses will also depend on how much you deposit. For example, if you make the first initial deposit of at least $250, you will be entitled to a bonus of 20%. If you deposit $500 in your second deposit, the bonus payable as a percentage of the initial deposit will jump to 50%.

This means that you will get an ending balance of $750 to trade currency pairs and do CFD trading like other binarycent users. But it does not end there. Users who make a third deposit of $3000 will be entitled to a 100% deposit. In other words, this optimal broker will double your deposit so that you can invest money freely using copy trading features and any minimum investment you deem it.

BinaryCent Pros and Cons

In case you are thinking of trading binary options with this broker, there are several pros and cons that you should be aware of. Here are some of them:

Pros

• The broker offers a user-friendly trading platform suited for both beginner and advanced traders
• You will also be able to get a wide range of assets to trade, including currency pairs, bitcoin cash, and so many others.
• Binary options trading is designed to give high returns on investments, sometimes as high as 95% per trade.
• Binarycent has also invested in 24/7 customer support with multiple means of reaching the support team.
• You also get to trade using various platforms, including a mobile app and a web-based platform as well.

Cons

• Binary options trading is considered a high-risk form of investing, and the chances of losing money are very high.
• We found that the information on the company and its regulations is minimal
• There are reports of delayed withdrawals from some negative reviews from users
• The educational resources provided here are not as comprehensive as they should be.

BinaryCent Customer Reviews

Looking at the reviews that Binarycent has managed to get from users, it is clear that the company is doing things right. Yes, there are some complaints, but overall, it seems like a majority of folks are pretty happy with the services offered by the broker and its trading instruments.

For starters, most users also seem very satisfied with the overall trading experience at the firm. In fact, one review we picked up from the traders union shows no complaints about how the firm works and some of its trading platforms.

But despite this, there are still some issues of note. For example, one user noted that the copy trading tool offered by Binarycent is not nearly as effective as advertised. According to this user, the copy trading tool has only had a 42% success rate. Although this is not half as bad as it sounds, you expect a success rate of at least above 50%.

We also saw some complaints about withdrawals. It seems some users have had issues withdrawing money or getting their withdrawal requests approved by the broker. While we understand that brokers have their own internal measures on how the approve withdrawals, it shouldn’t take more than a week to have the funds in your preferred payment method.

BinaryCent Customer Support

One area that Binarycent seems to be really excelling in is the customer support department. It is clear that the binary options trader has invested heavily in creating a solid customer support team that clearly understands how the company works and the features that it offers.

Also, the support is available 24/7. This means that it doesn’t matter which day of the week you need help. There will always be someone to help you. There are also multiple ways to reach out to the support team. Whether you want to make a call, send an email, or start a live chat with one of the agents, there are many ways to contact the support team.

Advantages and Disadvantages of BinaryCent Customer Support

The support structure at Binarycent offers several advantages and disadvantages. Here is a breakdown of some of these pros and cons:

Advantages

• The customer support department is available 24/7 for you.
• The support reps are well-trained and conversant with the firm and how it works.
• Users get multiple options to reach out to support, including live chat features.
• The wait times are relatively less compared to other brokers out there.

Disadvantages

• There have been reports of delays with the email support option
• There is no multilingual customer support.

BinaryCent Safety and Regulation

The safety and regulation of Binarycent are not easy to establish. In fact, information about regulation is minimal. Nonetheless, here are some advantages and disadvantages to keep in mind:

Advantages:

• We have seen deliberate measures to protect customer data and privacy
• There are also mechanisms to promote effective and secure credit card withdrawals
• Due diligence is done to ensure all accounts opened are genuine

Disadvantages

• We did not see any info on the website about regulation
• There was also no info on the separation of client funds

BinaryCent Education and Training

Education and training are integral in any brokerage. After all, most users are not always 100% conversant with these assets and may need some guidance to get by. Well, although binarycent offers some investor education and onboarding, the nature of the education falls really short of what we expected.

Remember, Binary options are a type of financial derivative that allows traders to speculate on the direction of an underlying asset. This asset may be a currency, stock, commodity, or index. The name “binary” refers to the two possible outcomes of a trade: either the price of the asset will be higher or lower than the current price at the time of the option’s expiration.

By their very nature, binary options are high risk. The derivatives themselves are also very complex. You would expect that a binary options broker would offer comprehensive training and education to ensure that people understand these risks. Although the firm has some trading contests where folks can test themselves and see what they can do, there is still a significant educational gap considering the risk profile of these assets.

BinaryCent Vs. Other Brokers

BinaryCent is primarily an options trading broker. Although binary options are still some derivatives, they differ significantly from some of the derivatives offered by traditional brokerages. Here is how the firm compares with these CFD trading brokers:

#1. BinaryCent vs. IQ Option

IQ Option is one of the leading binary options brokers in the market. It has built a reputation for reliability over the years and comes with some degree of pedigree in the market. Despite this, there are still so many areas where the broker is quite similar to Binarycent.

For instance, the nature of IQ Option regulation is clouded in mystery. The website has no information about where the firm is regulated and by which body. This is the same case with Binarycent as well. You will also notice that the two firms have relatively similar trading instruments.

Although they are both binary options brokers, they offer derivatives on stocks, forex, commodities, and precious metals as well. Additionally, it also seems like these two firms have invested heavily in providing state-of-the-art trading technology.

Both firms have their own proprietary trading software that looks quite good. Nonetheless, the IQ option is a bit more transparent when it comes to fees compared to Binarycent. However, Binarycent does much better in terms of quick withdrawals.

#2. BinaryCent vs. Nadex

Nadex is a US-based derivatives broker that offers a wide range of creative trading instruments. The firm also includes binary options as part of its offerings and is one of the most reliable brokers. It is also markedly different from Binarycent. For example, Nadex is a regulated brokerage in the United States. The firm’s regulatory status is clearly explained on the website, which inspires trust and confidence.

You will also notice that Nadex is very upfront with its fees and overall pricing. There is a clear breakdown of the commissions charged for every derivative you want to trade. Besides, it seems Nadex has better trading technology too, and even a trading bot that you can use to automate trades.

However, there are some areas where Binarycent actually does better. For instance, even though the options broker is not nearly as transparent in pricing as Nadex, the fees are actually relatively lower. Nadex is very expensive to trade with. Also, unless you live in the US and a few other countries, you cannot access the derivatives offered by Nadex. Binarycent, however, is available in a relatively large number of countries.

#3. BinaryCent vs. RaceOption

Binarycent and RaceOption are also quite similar in the way they are structured and operate. They are both relatively new binary options brokers that try to offer access to the market to traditionally underserved people. Both these firms are also not regulated and even if they are, the status of these regulations is not known.

In fact, there have been several warnings by regulators with regard to RaceOption. The New Zealand FMA and even the CTFC in the United States have both gone as far as calling RaceOption a scam. Nonetheless, there are still people who trade with these firms, and based on the reviews we have seen, they seem to be relatively genuine. But this does not mean they are not risky.

In terms of the fee structures, Binarycent and RaceOptions look very similar. There is no transparency, though, on how the fees are structured or charged by both firms. Perhaps one area of difference between the firms is the bonuses. Binarycent offers some of the most incredible welcome bonuses in the Binary options trading market.

Choose Asia Forex Mentor for Your Forex and Crypto Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.

Conclusion: BinaryCent Review

Binary options trading is a very common way of making money through the financial markets. These derivatives offer insane returns that can rise as high as 95%. But they are also risky. Nonetheless, you still need a good broker if you are going to have any success with these derivatives.

Well, Binarycent actually offers that option. The broker has been providing access to binary options to a growing base of users. Based on the reviews that we have seen so far, it is clear that most folks are happy with the service. Besides, Binarycent has also invested in building a robust and reliable trading platform and offering relatively modest trading technology.

However, some shortcomings of the firm also need to be highlighted. For example, the firm is not transparent. For example, there is no info on its website about how the broker is regulated and in what jurisdictions. Additionally, Binarycent does not also offer any clear information on its commissions and fees. We only know that these fees are variable and will depend on your account type and the various asset classes you are trading.

But despite this, Binarycent still gets most of the essential things right for a binary options broker. It should be easy for you to access these markets and see if you can take advantage of these high-risk derivatives.

BinaryCent Review FAQs

How many Instruments can I trade with BinaryCent?

You can trade a wide range of assets using binarycent options as the primary derivative. This includes currency pairs, commodities, stocks, and so much more.

Does BinaryCent offer leverage?

Yes, then the broker offers a leverage of 1:500, which is pretty decent for any broker in the financial market.

Does BinaryCent charge commission?

Yes, a commission will be charged every time you open a position. However, the manner of commissions depends on the type of asset and account type.