Binary Com Review
Binary.Com Review Switzerland
Binary.com is Binary Options and CFD trading platform provider, which is in operation since 1999. They boast of having over 1 million registered users from all over the world and processing over 20 transactions per second on average.
The company Binary.com is owned and operated by Binary Group LTD. Their head office is located in Malta; they also have local offices in Japan, Paraguay, Dubai, and Malaysia. Open an account with Binary.Com and start trading with one of the oldest and most trusted brokers.
Trading Platforms – Binary.Com
Binary.com offers a variety of different trading platforms to choose from. Each trading platform has its advantages that help traders in a variety of different trading strategies.
Deriv Platform
Deriv is an easy-to-use platform that is ideal for beginners. The traders need to 1. Select your asset, 2. choose your trade type, 3. choose your expiry time, 4. your stake, and 5. which direction the market will go. Higher/Lower, Rise/Fall, and Touch/No Touch types of trades are available on the Deriv Platform.
SmartTrader
SmartTrader is a web-based trading platform that allows you to trade in the financial markets. Other brokers use SpotOption or other 3rd party platforms, but Binary.com uses a custom-built interface that makes binary options trading as user-friendly and straightforward as possible. SmartTrader is an ideal choice for beginners as well as experienced traders.
WebTrader
WebTrader is a browser-based advanced trading platform that can be fully customized to preferences. The WebTrader interface allows you to arrange your charts, asset index, historical data, and other resources as you like. This trading platform is very useful and has several advanced functionalities. This makes the WebTrader platform more suitable for intermediate and advanced users.
MetaTrader 5 – Binary.Com
MetaTrader 5 is the multi-asset trading platform allowing you to trade Forex, CFDs, and binary options. The powerful MT5 platform is recognized as the global standard for traders. MetaTrader 5 comes with a variety of built-in technical analysis tools, indicators, and graphical tools. It can use automated trading using EAs, robots, and copy trading. Metatrader% is available for all operating systems – Windows, Mac OS, Linux, iPhones, and Android.
Mobile Trading – Binary.com Switzerland
Binary.com recognizes the need for its on-the-go users and offers them two different mobile-based trading apps to have access to the market while on the go. The super-fast mobile trading apps of Binary.Com help clients to trade without missing any opportunity in the market.
Binary Grid – Binary Grid is the Android mobile trading app. Its features include 24/7 trading, a $1 minimum trade amount, multiple contracts at a time, and Free practice accounts.
Tick Trade App – The Tick Trade App of Binary.com offers a fast-paced trading environment with instant win-loss results. Traders can place tick trades anywhere, at any time – even while on the go. The trade expiry can be anywhere from 5 to 10 ticks.
Trading Platforms – Binary.Com
Binary.com offers a variety of different trading platforms to choose from. Each trading platform has its advantages that help traders in a variety of different trading strategies.
Deriv Platform
Deriv is an easy-to-use platform that is ideal for beginners. The traders need to 1. Select your asset, 2. choose your trade type, 3. choose your expiry time, 4. your stake, and 5. which direction the market will go. Higher/Lower, Rise/Fall, and Touch/No Touch types of trades are available on the Deriv Platform.
SmartTrader
SmartTrader is a web-based trading platform that allows you to trade in the financial markets. Other brokers use SpotOption or other 3rd party platforms, but Binary.com uses a custom-built interface that makes binary options trading as user-friendly and straightforward as possible. SmartTrader is an ideal choice for beginners as well as experienced traders.
WebTrader
WebTrader is a browser-based advanced trading platform that can be fully customized to preferences. The WebTrader interface allows you to arrange your charts, asset index, historical data, and other resources as you like. This trading platform is very useful and has several advanced functionalities. This makes the WebTrader platform more suitable for intermediate and advanced users.
MetaTrader 5 – Binary.Com
MetaTrader 5 is the multi-asset trading platform allowing you to trade Forex, CFDs, and binary options. The powerful MT5 platform is recognized as the global standard for traders. MetaTrader 5 comes with a variety of built-in technical analysis tools, indicators, and graphical tools. It can use automated trading using EAs, robots, and copy trading. Metatrader% is available for all operating systems – Windows, Mac OS, Linux, iPhones, and Android.
Trading Assets
Binary.com provides you with 79 financial instruments to choose from while trading which includes:
Binary Options – Options contracts with a fixed payout based on a simple UP/DOWN logic or HIGHL/LOW logic.
Forex – Major currency pairs, minor and exotic currency pairs.
Crypto – Cryptocurrency pairs including Bitcoin, Ethereum, Litecoin, and more.
CFDs – Trade the price movement of underlying assets with CFD trading.
Metals – Trade precious metal pairs including gold, silver, and platinum.
The traders can select the type of trading instrument to use and trade their favorite assets. The availability of a wide range of assets ensures that you are never run out of opportunities.
Account Types – Binary.com Switzerland
Binary.com offers only two types of accounts – Real Account and Demo Account.
Demo Account
The demo account comes preloaded with $10,000 in virtual cash; you can make unlimited practice and learn. By using the demo account, traders can test their trading strategies or test out the Binary.com platform without risking any real money.
Real Account
Once you get enough practice and confidence, you can begin trading with real money on Binary.com’s platform. You can open a Real Account and make a deposit to start trading. To get started with Binary.Com, only a $5 minimum deposit is required. It makes Binary.Com one of the lowest minimum deposits brokers. The other brokers have a $200-250 minimum deposit required to start trading.
Free Education
The Binary Options traders from Switzerland can access the Free Educational materials available on the Binary.Com website. You can also find an explanation of each type of trading feature available on their platform. Binary.com website has the “Getting Started” section containing a wealth of information that is useful for beginners and novice traders. You can learn everything you need to know to start trading :
1. Binary Options Trading
2. Forex Trading
3. How to trade cryptocurrencies
4. CFDs trading
5. How to trade metals – Gold and Silver
6. Features of the MetaTrader 5 platform
Funding Methods
Binary.com offers a wide selection of funding methods for your convenience.
Fund Deposit
The traders can deposit and withdraw using :
Bank Transfers, Credit/Debit Cards Including Visa and Mastercard, E-Wallets: Skrill, FasaPay, Perfect Money, Moneybookers, Neteller, WebMoney, PaySafe Card, Cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum.
All deposits are processed by Binary.com as soon as possible with a maximum limit of 24 hours. The minimum deposit starts at $5.
Fund Withdrawals
The same payment methods that are available for deposits are also available for withdrawals. It takes between 1-5 days for your withdrawal requests to be processed, depending on the payment method chosen. The fund withdrawal time is relatively higher with Binary.Com as compared to other reputed brokers in the market.
Regulation and Security
Binary.Com has over 10,00,000 customers across the globe. It complies with several regulators to ensure financial stability and ethical business practices. Binary.Com hold regulatory licenses from:
1. Malta Financial Services Authority (License No. IS/70156).
2. Vanuatu Financial Services Commission
3. British Virgin Islands Financial Services
4. Labuan Financial Services Authority, Malaysia (License No. MB/18/0024)
To ensure the safety of clients’ funds, Binary.com holds them in segregated bank accounts. Personal and Financial data protection is ensured by using using the latest SSL encryption technology, in accordance with bank policies.
Customer Service
Binary.com provides 24/7 support to its clients. The traders can get support using the telephone, email, and Online Chat. The clients can call any of these numbers –
Australia +61 (2) 8294 5448 (Toll-Free)
South Africa +27 80 099 0561 (Toll-Free)
United Kingdom +44 1666 800042, +44 800 011 9847 (Toll Free).
The traders can send their queries to the support department of the broker at support@binary.com. However, Binary.com doesn’t offer live chat support at the moment.
Pros
- Minimum Deposit $5
- Complies with multiple regulatory authority
- MT5, Web and Mobile Trading Available
- In Business Since 20 years
- Free Demo Accounts with $10,000 in Virtual Money
- Convenient funding and Withdrawal methods
- You can choose your own Payout, Strike, and Expiry Time
- Higher Payouts and Profit on Successful Trades
- Binary Options Bot feature allows you to create your own automated trading strategies
Cons
- No Live Chat support is available
- Traders from the United States, Hong Kong, or Costa Rica not allowed
Is Binary.com a Scam broker?
Binary.com is one of the most trusted brokers in the industry, with 20 years of service excellence. They comply with multiple regulators to ensure ethical business practices and maintain the clients’ funds in segregated bank accounts. There are many other binary options brokers that have closed down for various reasons over the years, but Binary.com has been running successfully for the last 20 years.
The Final Words – Binary.com is a perfect broker for both beginner and advanced traders. Their custom-built platform helps traders to execute trades on over 100+ different financial instruments easily and smoothly. If you’re looking for a trustworthy name among binary options brokers, and a great trading platform, Binary.com can be your best choice.
Recent Posts
BlackBull Markets Switzerland
easyMarketsMin $200Free DemoMT4, MT5, Web easyMarkets ReviewLiteForexMin $50Free DemoECN, MT4, MT5 LiteForex ReviewFBS ForexMin $10Free DemoMT4, MT5, ECN FBS ReviewAVATradeMin $250Free DemoSocial trading, MT4 AVA Trade ReviewForexTimeMin $200Free DemoECN, MT4, MT5 ForexTime ReviewBlackBullMin $200Free DemoECN Accounts BlackBull MarketsBlackBull Markets Review SwitzerlandBlackbull Markets is a...
Pocket Option Switzerland Review
Pocket Option Review Switzerland In 2017, Pocket Option was founded. It's a multifunctional trading site with everything you'll need to make money in the market. Pocket Option offers beginners a trial trading account and analytical materials for experienced traders. In addition, Pocket Option Switzerland offers its online trading platform to Swiss traders for Binary and Digital Options trading...
Quotex Review Switzerland
Quotex Broker ReviewQuotex is a binary options broker founded in 2020 and provides market signals and Copy Trading using its proprietary web platform. Our review covers how to start trading with Quotex and the deposit and withdrawal costs, customer service and initial bonuses. Create a trading account and start trading now. Read about Quotex Broker Review and start your trade.Quotex Broker...
easyMarkets Switzerland
easyMarketsMin $200Free DemoMT4, MT5, Web easyMarkets ReviewLiteForexMin $50Free DemoECN, MT4, MT5 LiteForex ReviewFBS ForexMin $10Free DemoMT4, MT5, ECN FBS ReviewAVATradeMin $250Free DemoSocial trading, MT4 AVA Trade ReviewForexTimeMin $200Free DemoECN, MT4, MT5 ForexTime ReviewBlackBullMin $200Free DemoECN Accounts BlackBull MarketseasyMarkets Switzerland Review - Trusted Forex broker since...