Binarycent Review 2020

It’s time to take a look at another binary options broker. This time, we went with a company that was launched in 2017, so we can consider them a newcomer to the industry.

However, they are prepared to fight for every client and have some very interesting features in their bag of tricks to attract them. It was actually quite refreshing to see some of these things, so stay with us until the end of the article because you will really see some great ideas.

Our Binarycent review contains absolutely everything you need to know about this broker since we tested the company ourselves to get a sense of the experience that awaits you on their website.

Welcome and read on!

Table of Contents PROS	CONS
– low minimum trade – accepts cryptocurrencies – regular contests – many types of trading – video chat – versatile trading platform	– no educational materials

First steps

Obviously, you need a Binarycent account to be able to trade here, and opening one is really easy. At first glance, everything looks standard with short forms containing personal information you need to fill out. However, there is an interesting detail you don’t want to overlook – when creating your account, you can also input your Binarycent promo code (more on that later) for a boost right from the start.
There are three account types to choose from: Bronze, Silver and Gold. They all offer quick Binarycent withdrawals, video chats with the support team, demo accounts and a special Copy trading tool, but the Silver account will give you a personal manager on top of that. You will need to deposit at least 1000 USD for that pleasure, though, whereas if you deposit at least 3000 USD, you can become a holder of a Gold account. This will allow you to participate in special web sessions where you can get special tips from the broker’s staff. Therefore, there is no doubt Binarycent accounts offer a pretty fair amount of options. It has to be mentioned, though, that if you want to get a demo account here, you will have to create a regular trading account first, fund it and then contact the support to give you a demo version. A bit too much work, if you ask us, but our article has many more features to cover, so don’t go away. Things are about to get much better and reasons for any Binarycent complaints will soon completely disappear.

How to fund your account?

Once you have your account, the next logical step is to make a Binarycent deposit. And here we come to the first thing that separates this company from so many others on the market – deposit methods. Sure, you can fund your account via Visa or MasterCard (but there may be a 5% Binarycent deposit fee in this case, depending on your payment service provider, whereas using other methods is completely free), Skrill and Neteller, but the thing that left us very impressed was the fact that you can use a large number of cryptocurrencies, too. Bitcoin is among them, obviously, but you can also use Ethereum, Litecoin and even Dash. However, Binarycent deposit methods do not end there because you can use Perfect Money on top of all this, too.
We can’t forget about the numbers, now can we? We said already that a fee can be applied only to Visa and MasterCard transfers. As for minimum Binarycent deposit, it stands at 250 USD, which is pretty standard in this industry. What is not standard is the amount of investments you can make with that. Stay with us and see what we mean by that.

Binarycent platform and trading features

Our Binarycent review is now getting to the meat of the matter because we are going to be talking trading and trading alone in this part of the analysis. Now, you can trade binary options, CFDs and forex here, but cryptocurrencies are also available, which immediately gives you a large number of choices. Not only that, but you can expect payouts of up to 95% here! The whole Binarycent platform was created by the company’s own experts, so you can expect a pretty unique trading environment. The most unique thing about it certainly, though, has to be the amount you have to invest in order to open a trade. You see, the minimum trade here is just 0.10 USD. That’s right – TEN CENTS! Honestly, we can’t remember that we’ve ever encountered a broker with such a low requirement. Sure, there are those that allow you to start trading for one dollar, but this…

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Binarycent platform does not require downloading it, plus there are more than 100 different assets to choose from. That’s not all, because you can also choose between three types of investments when it comes to time – Long term, Intraday and Turbo. However, once you open your trade, you are not helpless, either. Quite the contrary, you can do quite a lot with it. For example, the Binarycent platform allows you to close your trade early or roll it over. You can even double up on an investment if you think things are going your way, and then there’s the possibility of activating the margin call where your trade will automatically be closed if it reaches the 5% margin level.
We already mentioned at the beginning of this Binarycent review that the platform also allows you to copy trades from other traders, so you are pretty much guaranteed to enjoy yourself here. However, we still have a lot to examine. Keep reading!

Is there a Binarycent app?

Yes, yes there is! Serious brokerage companies cannot afford to leave their clients stranded when it comes to mobile trading, which why we’re tackling Binarycent app next. The review would simply be incomplete without it, so let’s see how your mobile devices can be put to good use.
Yes, multiple types of devices can be used for this because Binarycent app runs smoothly on both Android and iOS smartphones and tablets. In both cases, we are talking about a piece of software that is extremely easy to use thanks to its intuitive design. It is very easy to keep track of the market this way, and you can make your move in a blink of an eye. You can invest in short-term and long-term options literally whenever you want, since Binarycent app will keep the market door open for you 24 hours a day, seven days a week. The same goes for accessing the support. Naturally, you can also manage the funds in your trading account this way, so don’t be afraid to initiate a withdrawal if you need to or make a deposit if you see a trade you just can’t afford to miss.
The app runs very smoothly, so you shouldn’t have any problems with it, and the way people have graded this product reflects that. Don’t think for a second that we’re done with trading here, though, because this Binarycent review has a lot more to say on that topic. Stick around!

Binarycent forex and CFD trading

As mentioned, binary options are not the only type of trading you can choose with this broker. Binarycent also offers forex trading and CFDs, so let’s check that out in greater detail. We can’t skip something so important.
For the most part, forex trading here has the same requirements and features we discussed earlier in this article: the minimum deposit is 250 USD, you can open a trade with just 10 cents etc. However, you will be happy to know that the offer also includes more than 15 cryptocurrencies you can trade this way, which makes things a lot more interesting. In addition to that, there are more than two dozen of fiat currency pairs you can invest in, from EUR/USD to USD/SEK, so you should have no problems finding the right combination.

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Binarycent leverage is 1:100, which is fairly standard in the forex industry, and another thing that is interesting to note is that your forex trades here can last only 60 seconds, so you can pretty easily swoop down and collect some profit. Of course, Binarycent app can help you here too, plus you can copy trades from whoever you choose. Therefore, no matter if you choose binary options, forex or CFDs, you can count on an excellent experience when trading on this website. Once you’re done, you can easily pick your profit up with just a few clicks. The following part of Binarycent review has all the details concerning that process. Read on and learn all about it.

What to expect during Binarycent withdrawal?

Yes, Binarycent withdrawal will be our next topic. It seems logical to focus on that subject matter now to complete the deposit-trading-withdrawal cycle before we move on to other matters. So, what can you expect in this regard?
Above all else – security. We won’t go into that much here because you have our Binarycent Scam Test if you want all security details, but suffice to say that we experienced no signs of any kind of fraud. Everything worked just fine for us. All the methods we mentioned earlier in the part about the deposit are available here too, which means you can make a Binarycent withdrawal in cryptocurrency if you so desire. Minimum Binarycent withdrawal is set to just 50 USD, which is substantially lower than what most brokers demand and therefore a big plus for this company. After your request gets verified, you should receive your funds within an hour. That’s another major advantage of trading here – quick access to your funds at all times. Again, expect a withdrawal fee only if you’re using Visa and MasterCard cards. Apart from that, there should be no additional costs here. But if you ever have any questions about that, don’t hesitate to contact the support team. We will show you what they can do in the next part of this Binary cent review.

Binarycent support and video chats

We have to say that we were really impressed with the quality of assistance you get here. Sure, you have your standard FAQ section here, as well as all important policies clearly laid out in front of you, but the main feature of Binarycent support is the live chat. However, before we get to that, we’d like to mention that you also have six different phone numbers you can call, plus there is also an online form you can fill out and send to the broker if you wish to communicate via e-mail.
But to get back to Binarycent chat, what makes this feature so special is the fact that we’re talking about video chat here. Yes, you can actually see who you’re talking to, and you’d be amazed how much that gives you a sense of security. Not a lot of companies do this, so we certainly have to commend these people for providing that option. But that’s not the end of surprises Binarycent chat offers because you actually get to make a choice here – group chat and private chat are your options. However, you have to have an account to be able to choose the latter, so keep that in mind.
Another very neat feature is that you can switch between operators if you wish to do so. Binarycent support is online 24/7 and always quick to respond in a very professional manner, and thanks to multiple operators working there, you never have to wait too much for an answer. Mind you, that goes for all contact methods the broker has to offer. However, there are many more very interesting features we need to go through. Stay tuned for the next part of this Binarycent review!

Take part in Binarycent contests

Yes, there are more things on this website many other companies in the industry can’t offer you. For this one, we cannot say that it’s unique, but we are certainly glad that it’s here. We’re talking, of course, about Binarycent contests.

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Now, these are weekly events that don’t require you to do anything special to enter. All traders who trade on this platform will participate automatically. The object is to be the trader with the biggest number of trades during the time of the Binarycent contest, but if you end up in the top 20 it can also be worth your while. This is because the top 20 traders get prizes ranging from actual cash to various Binarycent bonuses. Here’s how it works: the best four traders will split 2000 USD in cash between them, with the top trader getting one half of that amount, while the rest divide the other half between them. Other traders can get bonuses varying from 10 to 100 USD, but you can also win a new iPhone if you’re lucky. You will be notified by the broker via e-mail if you win anything during a Binarycent contest, plus you can always check your rank by entering your name in the search field on the contest’s page. If you win a bonus, however, keep in mind that some special conditions may apply to it. That’s the next thing we want to dissect in our Binarycent review, so don’t go away.

Binarycent bonus policy

It is common practice for brokers to give you something extra when you deposit with them. It’s just a way of showing appreciation for your faith in them. Naturally, this company is no exception.
Binarycent welcome bonus will provide you with three different amounts. For deposits up to 500 USD, you will get 20% extra, if you deposit between 500 and 3000 USD you get 50%, and deposits above 3000 USD will bring the Binarycent bonus to 100%. Therefore, if you deposit enough, you will be able to double your trading funds. Of course, there are also the bonuses you can get from the contests, so all in all, you have a pretty well-rounded offer here.

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However, do not fall into the trap of considering this free money from the broker. At the bottom of the website, you can find Binarycent bonus rules which can be downloaded to your computer. We sincerely recommend you do so because it’s not a long read (less than two pages) and it will provide you with all the necessary information. Most importantly, you will see that the turnover requirement for withdrawing the bonus is just three times in three months. If you can’t do that, the bonus will be canceled. These are actually extremely low requirements when compared to many other brokers (the turnover requirement is often 40 times the bonus amount), so we view this policy as another big plus for the company. Don’t forget we mentioned Binarycent promo codes earlier in the article, so it might be a good idea to look for them and see what you find. Why not start things off with a bang from the get-go? As you can see, the bonus offer is quite versatile, but is there anything we don’t like here? Well, there are some things, yes, but we need a new Binarycent review paragraph for that.

Can any reasonable Binarycent complaints be made?

No broker, not even this one is perfect. Yes, there are some things that can be done better here, but we have to emphasize that they still don’t bring overall impression down too much. The FAQ section could be a bit more detailed, to be honest, and all those articles explaining the types of trades here could maybe be more neatly arranged in their own category, but that’s just nitpicking Furthermore, given how small the minimum trade requirement is, the minimum deposit could be lower.
Additionally, we tried to get some feedback from other traders, as well. There were no serious Binarycent complaints from them, at least not the ones we could back from our own experience. Most people agree with what we have to say on this matter, although there were some claims that the platform is rigged. We strongly disagree with that because our trades were always executed on time and we always had access to the latest market data. So, while there are some reasonable Binarycent complaints concerning the broker’s offer, the advantages of trading here still outnumber them by quite a lot. 

What this Binarycent review has taught us

This last sentence we wrote seems like a perfect way to sum up our Binarycent review. This is a broker that is not perfect but offers a whole lot. As a matter of fact, some of the features here are unique in the trading world. By this, we primarily mean the 0.10 USD minimum trade requirement, of course, but many other features are bound to intrigue you. Three main account types are at your disposal, along with some pretty interesting money transfer methods and bonuses. The platform also comes as an app, and in both cases, you can trade both forex and binary options. Don’t forget about Binarycent contests either because there you can win some great prizes every single week, plus the bonuses can serve as a big boost, too. The support is also excellent, although it’s pretty clear the company has everything riding on its live chat. This really is a neat feature which allows you to actually see who you’re talking to, plus you can even initiate a private session if you have an account. Like we said, some things (like education) could be better, but this does not mean in any way that this is a bad broker. Quite the contrary, if you’re not a complete beginner, this website will provide you with absolutely everything you need to successfully trade. We firmly believe that this is the place where you will find what you’ve been looking for. Open an account now and give these guys a chance. They really deserve it!

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