Basing their operation in Eastern Europe, these forex brokers started receiving forex traders in 2016. Under the management of Zola ltd, they aim at helping binary traders achieve results from trade.
Feel free to trade with binary.com and never worry about the security of your funds because these forex brokers use updated technology to encrypt and provide web security. Many countries do not regulate trading activities of binary options. The fact that binary.com is also not regulated by any regulatory body does not make it untrustworthy.
Features of Binary.com
Trading platforms
Get on the Spot Option Gen 2 trading platform of binary online and experience various features in forex trading. Unlike other platforms which make traders wonder where to start, this platform offers you a navigational interface guiding you on the steps to follow if you are a beginner in forex trading.
You can easily customize your display of assets from here using different types of trades. Thanks to the incorporation of a strategy advisor used, you can speculate the direction of prices and make a quick decision that favors you preventing financial loss. In analyzing the market, you can use some technical indicators such as Bollinger Bands, Moving Average and RSI.
What to trade
Trading tools such as a trade replica helps you learn by replicating trades of the gurus in the industries. From this, you are able to learn what trading strategies to use in forex trading. Trade replica lets you trade underlying assets such as sport forex and contract for differences.
There are so many option contracts that you can trade with binary.com namely:
- pair options
- long term options
- ladder options
- Builder options
- Call/pull binaries
With these forex brokers, you can trade using different underlying assets such as 8 kinds of crypto currencies, forex pairs, more than 18 commodities as well as 40 market indices.
What types of accounts are available at binary.com?
This forex broker gives you three options of opening an account. You can either get a standard account, premium or takeoff account. Choosing any account here may give you slight differences for you to enjoy forex trading.
Take off account
Open this account with as low as $ 250 minimum deposit. As a newbie, binary.com welcomes you to the world of forex trading by giving you a 25% bonus. Every day on this account, you receive updates through email alerts and webinars to inform you on what is happening in financial markets.
Standard account
Being part of a great team in standard account exposes you to trading advisors that teach you on the dos and don’ts of forex trading. Keep abreast to any changes in the market with a standard account by receiving trading signals on any price fluctuations after every 2 weeks. Opening a standard account also earns you a 50% welcome bonus.
Premium account
If you are an experienced forex trader, deposit $ 10,000 and get a more advanced account known as a premium account. With a welcome bonus of 75%, you are motivated to trade. Education is in plenty due to the provision of webinars on this account.
Commission, leverage and spreads
What makes binary.com reliable? With these forex brokers, you are able to trade comfortably since you don’t pay any spreads or commissions when you make a trade. Successful trades earns you from 85% to 500% returns depending on the type of trade. It also does not involve leverage trading. This is advantageous in that you can lose more than what you put in.
How do you make deposits and withdrawals?
You can use different methods of payments in funding your trading account. In order to deposit money via a credit card, you need to first log in into your account, click my account, select deposit then follow the guidelines under the deposit section. You can also fund your account through depositing funds money via bank wire transfers. For this to work, get a fund transfer form from an account manager and process it through your bank.
Your trading account menu has a section named withdrawal. Click on it to start withdrawing funds from your account. You can now relax as you wait for binary.com to process your request and transfer money into your bank account or credit card.
Customer support
Communicating with binary.com team has been made efficient with instant feedback 24 hours a day through email, phone calls and live charts
Pros
- User friendly platform makes you not require any kind of training
- Offers diversity in terms of giving you a wide range of assets to trade with
- Trading here does not limit you to currency pairs like trading with other forex brokers.
Cons
- Insufficient trading tools limits your trading options
- Lack of demo accounts prevents you from practicing before venturing into a live account.
Final thoughts
Despite the fact that these forex brokers have been in the business for a short while, they have managed to stand out due to supporting a functional trading platform in the trading industry. Joining this team gives you a sense of belonging by working with professionals who are keen on meeting your needs.