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Home Brokers

Binary.com: is it suitable for you?

Learn what you need to know about this broker

Traders Cult by Traders Cult
March 17, 2021
in Brokers
Reading Time:5 mins read
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Binary.com Accounts

  • Binary.com
    $5 VIEW
  • Binary.com Demo
    $10000 VIEW

Binary.com Broker Review

Binary.com is an MT5 trading platform with binary options that work well for novice and professional traders. You can work using a variety of instruments including Forex, Crypto, Binary Options, Stocks, CFD with minimum deposit. Using Binary.com allows you to use multiple trading assets with a minimum deposit amount of $1. There is also an auto trading option that posses the feature of a robot that can help you to try different trading strategies. Your capital might be at risk because this  Review is entirely based on estimations and factual information.

When we talk about the demo account, it helps you to practice different trading strategies without losing real money. Later you can set up your account to start real trading and make real money out of it. You can also use their mobile app if you don’t want to sit 24/7 in front of your desktop. This MT5 trading platform has been reviewed as an award-winning trading platform by multiple authorities. This Binary.com trading platform has served over 1,000,000 traders with its profitable strategy.

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Binary.com Broker Features

Instruments

Forex, Crypto, Binary Options, Stocks, CFD

Demo Account

Yes

Minimum Deposit

$5

Minimum Trade Amount

$1

Stop out level

50%

Regulation

MGA

MT4/5 App

Yes

Copy Trading

No

Mobile Apps

Android & iOS

Automatic Trading

Yes

Pre-Orders

Yes

Signals

No

Islamic Account

No

Max Non EU Leverage

1:30

Max EU Leverage

Country Restrictions

Accepted Countries

Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and others.

Forbidden Countries

United States, Malaysia, Hong Kong, Iran, and United Arab Emirates.

Binary.com Broker Assets

Forex

Available Assets

45+

Spread Average

0.5/1 pips

Crypto

Available Coins

BTC, ETH, LTC, XRP, BCH

Spread Average

2,5%

Cfd, Stocks And Commodities

Available Assets

100+

Spread Average

1pt / 3 pips

Binary Options

Available Assets

40+

Early Closure

Yes

Conclusion about Binary.com

Binary.com is a regulated and licensed MT5 trading platform. This platform offers options and multiple trading assets for beginners as well as professional traders. It also offers you to practice your skills without losing money. Before opening a standard trading account you can use their virtual account to test this trading platform. It offers multiple payment methods including Bitcoin Payments, FasaPay, Paysafecard, Perfect Money, QIWI, Skrill, Wire Transfer, and Yandex Money. All these features make this broker a robust online trading platform. Though there are multiple risks associated with online trading, so you must do your research before investing to avoid financial losses.

The Review

Binary.com

73% Score

PROS

  • Offers flexible trading conditions with multiple features.
  • You can trade with a variety of instruments at a very low cost.
  • Offers multiple trading assets along with free demo accounts.
  • You can get 24/7 trading opportunities on cryptocurrencies.
  • Variable spreads and Market execution.
  • Regulated and Licensed by VFSC, FSC, IBFC.

CONS

  • Unavailable to US traders
  • Testing capabilities for demo accounts are limited
  • There is a tighter restriction for high trading sizes

Review Breakdown

  • Regulation 0%
  • User Experience 0%
  • Assets Choice 0%
  • Educational Tools 0%

Binary.com Accounts

Traders Cult test all brokers before making a review. We review regulated brokers only.

Min. Deposit Real

$5
  • Binary.com
    $5 Open Account
  • Binary.com Demo
    $10000 Open Account
Traders Cult

Traders Cult

Traderscult.com is a community of independent traders, working on Forex and other financial instruments since 2015 with the Educational Trades brand. Our purpose is to support traders experience through educational materials, videos, courses, reviews and more.

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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