New BinaryCent broker review – 2021 Update
BinaryCent is an online financial trading platform that was launched recently, in 2017. The trading system is handled by a management firm called Cent Project Ltd, a subsidiary of the Finance Group Corp that’s located in Vanuatu. The office location is on the 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. The Finance Group Corp is also the holding company of a second top binary options trading platform named BinaryMate. BinaryCent nevertheless is distinguished not only in supplying binary options trading solutions, but also spot forex and Contract for Differences (CFDs).
Reputaion & Regulation
When it comes to regulatory supervision, the company is viewed as a trusted broker. It is under the supervision of the Financial Services Commission in Vanuatu since BinaryCent works under its own holding firm the Finance Group Corp.
Unlike its own sister-trading platform BinaryMate, which can be targeted towards the mainstream marketplace; BinaryCent’s market section is concentrated more towards smaller traders. That is the reason one of the important attractions of BinaryCent is the ability to place transactions with an investment as low as 10 cents.
Trading Platforms
The trading platform used by BinaryCent was designed exclusively for its Finance Group Corp. This is why the system bears many similarities with the trading platform used by brands that are similar. An internet-based trading system, the platform could be opened with an up-to-date browser.
This removes any requirement for a trader to download and install any software on their computers.
Despite being a web-based trading system, the platform functions effectively and comes integrated with numerous trading instruments like trading charts and technical indicators.
Mobile Trading
Traders who would like to exchange the financial markets whenever they’re on the move may also do so with their telephones or tablet computers by simply downloading the cell trading app in Apple’s App Store (iOS — iPhone and iPad) or Google Playstore if they have Android devices.
Included in the product services and offers, BinaryCent has supplied the mobile app at no cost. Concerning functionalities, the cell trading program fulfills the exact same basic functions as its net-based version. The sole difference is that it is optimized for the smaller displays of mobile and smartphones devices.
Trading Accounts Offered
To satisfy the varying demands of their customers, BinaryCent has provided them with a selection of 3 distinct kinds of trading accounts. The Bronze account, the Silver account, and the Gold account.
Bronze Trading Account
- Minimum deposit of $250
- Live video chat service
- 20% deposit bonus
- 1hr withdrawal
Silver Account
- Minimum deposit of $1000
- Live video chat service
- 1 hour withdrawal
- 50% deposit bonus
- Master Class
Gold Trading Account
- Minimum deposit of $3000
- Live video chat service
- 1 hour withdrawal
- 100% Deposit Bonus
- Master Class
- 3 Risk Free Trades
- Personal Manage
Promos & Bonuses
As it has been mentioned, the bonuses provided by BinaryCent vary from 20% to 100% based on the sort of trading accounts the dealer has signed up for. Nevertheless, traders must know there are terms and conditions attached to the award of those bonuses. Among the primary requirements for the encashment of this bonus is the obligation to match a minimum trading volume (turnover).
Aside from the deposit bonus, BinaryCent has additionally supplied their dealers with different incentives including “Risk Free Trades” and trading competitions. For the danger-free trade promotion, given to Gold accounts holders, BinaryCent will maximize the trading losses of the trader, if the entire balance of the initial 3 trades is unfavorable.
Along with this danger-free trade promo, BinaryCent additionally holds a standard trading competition with a prize pool of $20,000. Each week, 20 winners will be chosen from the contestants.
Instruments & Assets
Concerning trading resources, the platform provides the following types of assets:
- Commodities
- Cryptocurrencies
- Currency
- Market Indices
- Stocks
For spot foreign exchange and CFDs, BinaryCent provides a maximum leverage ratio of 1:100. The advantage index is an increasing record — the company is comparatively new. The focus at present is Cryptocurrency and altcoin, but other resources are inserted as the supply expands. Nevertheless, the present list covers all the significant resources that a dealer would like to find.
Client Care
In terms of the service in BinaryCent, it’s available on a 24/7 basis. Dealers who require support may reach to the service staff through live chat, contact form, or by phoning them straight.
Deposit & Withdrawal
For the financing of trading balances, BinaryCent has supplied several procedures that its customers can use to finance their trading accounts. These different approaches comprise of the following:
- Major credit cards like VISA and Mastercard.
- Cryptocurrencies pockets that take Bitcoin, Ethereum, Dash, Litecoin along with other alt coins
- eWallets like Skrill, WebMoney, Neteller
The very same systems are also supported by BinaryCent when it comes to withdrawals. Aside from a 5% fee for credit card withdrawals, BinaryCent doesn’t charge withdrawal. However, there’s a minimum withdrawal amount needed of $50. In terms of the withdrawal period, BinaryCent ensures that all requests will be processed within an hour.
Accepted Countries
BinaryCent accepts dealers from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other states.
