Binarycent is a reputable broker that offers traders the opportunity to engage in binary options and forex trading. With its regulatory status and competitive features, Binarycent has gained recognition as a trustworthy platform for both beginners and experienced traders. In this comprehensive review, we will explore the key aspects of Binarycent, including its regulation, account types, trading platforms, customer service, investment selection, account funding, and bonuses.

Regulation and Safety: A Legitimate Broker Regulated by VFSC

Binarycent is a regulated broker, providing traders with an added layer of security and trust. The company is regulated by the Vanuatu Financial Services Commission (VFSC), ensuring that it complies with strict financial regulations and standards. While Binarycent’s regulation may not be considered tier-1, it is a legitimate broker that operates within the legal framework set by the VFSC.

Account Types and Minimum Deposit: Catering to Different Trading Needs

Binarycent offers traders a range of account types to suit their individual trading needs. The three main account types are Bronze, Silver, and Gold. The Bronze account requires a minimum deposit of $250 and offers a 20% bonus, 24/7 live chat support, one-hour withdrawals, and a demo account. The Silver account requires a minimum deposit of $1,000 and provides a 50% bonus, three risk-free trades, a master-class web session, and a personal account manager. The Gold account, with a minimum deposit of $3,000, offers a 100% bonus, all the benefits of the Silver account, and access to a personal success manager.

Trading Platforms: User-Friendly and Feature-Rich

Binarycent provides traders with a proprietary web-based trading platform that is user-friendly and intuitive. The platform offers a range of features, including sophisticated charting tools, economic news, tips on technical analysis, and chart patterns. Traders can choose between different charting methods, such as Japanese candlesticks and traditional charting. The platform also supports copy trading, allowing traders to follow and replicate the trades of experienced investors with a proven track record. Additionally, Binarycent offers a mobile app for iOS and Android devices, providing traders with flexibility and convenience to trade on the go.

Customer Service: Responsive and Multilingual Support

Binarycent’s customer service is known for its responsiveness and multilingual support. The customer support team is available 24/7 from Monday to Friday and can be reached through various channels, including email, live chat, video chat, phone, and an online contact form. The support team is proficient in languages such as English, Chinese, Russian, Czech, Filipino, Arabic, and Afrikaans, ensuring that traders from different regions can communicate effectively and receive prompt assistance.

Investment Selection: Diverse Range of Tradable Instruments

Binarycent offers traders a diverse range of tradable instruments, including stocks, commodities, indices, forex, and cryptocurrencies. Traders can choose to trade these assets through binary options or CFDs, with leverage of up to 1:100. Binary options trading allows traders to predict the price movement of an asset within a specified time frame, while CFDs provide the opportunity to profit from the price difference of an asset without owning it. Binarycent offers over 150 tradable instruments, with a focus on binary options and indices. The platform also provides access to a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

Account Funding, Withdrawals, and Fees: Convenient and Transparent

Binarycent offers a variety of convenient methods for account funding and withdrawals. Traders can choose from options such as major credit cards (VISA and Mastercard), cryptocurrencies, e-wallets (Skrill, WebMoney, Neteller), and more. The broker guarantees one-hour withdrawals, providing traders with quick access to their funds. However, it is important to note that there may be fees associated with certain withdrawal methods, such as a 5% fee for credit card withdrawals. Traders should also be aware of the 20% withdrawal fee for bonus funds and other potential fees, such as account maintenance fees for inactive accounts or international wire transfer fees.

Bonuses: Lucrative Opportunities with Bonus Offers

Binarycent offers attractive bonus offers to incentivize traders. The bonuses are available for different account types, with the Bronze account offering a 20% deposit bonus, the Silver account offering a 50% deposit bonus, and the Gold account offering a 100% deposit bonus. Traders can also take advantage of sign-up bonuses by using the appropriate promo codes. It is important to note that bonus funds come with certain terms and conditions, including turnover requirements. Traders must achieve a turnover that is three times larger than their initial deposit, including the bonus, before they can withdraw the bonus funds.

Binary Cent Review Conclusion: A Trustworthy Broker for Options and Forex Trading

In conclusion, Binarycent is a reputable broker that offers a range of features and services for options and forex trading. With its regulatory status, user-friendly platforms, diverse investment selection, responsive customer service, and attractive bonus offers, Binarycent provides traders with a reliable and convenient platform to engage in trading. Traders can benefit from the different account types, competitive commissions and fees, and the flexibility to trade a variety of tradable instruments. However, it is important to note the risks associated with options and forex trading and to ensure that traders have the necessary knowledge and skills to make informed trading decisions.