New BinaryCent broker review – updated July 7th, 2020.
BinaryCent is an online financial trading platform which 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. Their office is situated at 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).
BinaryCent review
Reputation & 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 the investment as low as 10 cents.
BinaryCent review
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 any 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.
BinaryCent review
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 offering, BinaryCent has supplied the mobile app at no cost. Concerning functionalities, the cell trading program fulfils 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.
BinaryCent review
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. They the Bronze account, the Silver account as well as 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
BinaryCent review
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.
BinaryCent review
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.
BinaryCent review
Client Care
In terms of the service in BinaryCent, it’s available on a 24/7 basis. Dealers who require support may reach from the service staff through live chat, contact form or by phoning them straight.
BinaryCent review
Deposit & Withdrawal
For the financing of trading balances, BinaryCent has supplied several procedures that their 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.
