With nearly two decades in the industry, Binary.com is not only one of the most renowned brokers in the ever-growing binary options market, it is also one of the most trusted — and for good reason. Aside from its reliable, world-class service, Binary.com also gives traders all the flexible options that they need: tailored and designed to fit and suit their liking.
Most binary options brokers of today offer deals that are similar in nearly every aspect. A lot of these deals only exhibit minor differences, such that most of these differences are often left unnoticed. But binary.com has several outstanding features that visibly sets it apart from the rest of its competitors.
Trading platforms are the very arena where all the trading happens. It is the very place where the traders either end up being “in-the-money” or “out-of-the money”; where they either make some money or lose some money. It is for this reason that traders with or without experience alike are urged to give trading platforms utmost consideration when they're trying to find a suitable broker. Even though brokers often offer similar platforms, there are always those that take the initiative to go over and beyond in making sure that their traders have access to the best platforms, with the best trading features.
Binary.com is without a doubt one of those brokers, equipped with a platform that's designed to simplify trade and allow the traders to put their options with ease. It has features that include real-time prices — which are benchmarked against inter-bank options markets. It also has automated calculations that predict the stake required for traders to receive the payout that they hope to get. Through these features, Binary.com’s trading platforms help maximize the traders’ potential to earn.
But while the possible earnings in the trade is relatively high and therefore extremely attractive, the trade in itself is a risky investment. There is no surefire way to eliminate the risks altogether, but there are several ways that brokers can help traders reduce these risks significantly — if not put them at a bare minimum effectively. This is mainly done through added features on the trading platforms that the brokers provide the traders.
Because trading in binary options is inherently a risky business in itself, the traders are better off starting their careers in BO with as little investment as they possibly could. With Binary.com, this should be no problem at all. Minimum deposits at Binary.com can be as little as €5, which is roughly the equivalent of around a little less than US $6. Traders are also given a maximum payout of up to 100 percent, and placing a bid can be made with as little as $1 — in which way traders are ensured they can place 5 trades.
Withdrawals at Binary.com, on the other hand, is a little more complicated than making deposits, where transactions can be done either through credit cards or wire transfers. Regulatory laws require traders to provide proof of identification before withdrawals can be made due to strict anti-money laundering acts that are being enforced all over the globe. Maximum withdrawals, on the other hand, can be as much as $10,000. Amounts over $10,000 that need to be withdrawn need to be broken down into multiple transactions, however.
Yet another important aspect to consider when signing up with a binary options broker is the availability of demo accounts. Demo accounts are important because they provide the very training that the traders need in order to hone their skills in binary options trading. Demo accounts provide traders the feel of actual trading, complete with all the actual trading platform features as well as the possibility of gains or losses — though only in terms of virtual money.
Binary.com provides traders a free demo account through the Virtual Money Account, which comes with $10,000 worth of virtual money that traders can use to improve their skills through practice trading. With a Virtual Money Account, traders get to practice trade on all types of Binary.com assets, using every type of expiry, as well as all other features of real trading platforms. Through demo accounts, traders get to have a hands-on experience on actual trading without the actual risk of losing anything.
Binary.com offers trading in multiple platforms. They come in basic platforms, such as the one accessible on the company's website — as well as the Binary Tick Trade App, which is available for download on both Android and iOS devices. The company also offers advanced trading platforms such as the MetaTrader5, Binary Webtrader, Binary Bot, and the Binary Next-Gen which is also downloadable on both Android and iOS platforms.
Reviewed by BinaryOptions+ on 2017-11-19 and rated 5/5.