BinaryCent review – Should you sign up? – Pros and cons

Rating:Assets:Minimum deposit:Return:
4 out of 5 stars (4 / 5)Binary Options, crypto, forex$ 250Up to 90%+

Are you looking for an excellent trading broker to start your binary options journey safely? In that case, you have come to the right place. 

Choosing the right trading broker is difficult as some charge small deposit fees while others charge hefty fees. So, which broker should you choose? Honestly, you must not choose either as the earlier one might not offer the best tools. And the latter one would sting your profit. 

If you are serious about trading, you can choose BinaryCent. It’s a reliable trading broker that has been offering a safe trading environment to the traders. Keep reading to know more about BinaryCent. 

(Risk warning: your capital can be at risk)

What is BinaryCent?

BinaryCent is a reputed trading broker that was established in 2017. The broker is managed by Cent Projecte LTD, a subsidiary of Finance Group Corp. 

This trading broker is known for Forex, CFD, and binary option trade. Traders can expect an expiry time of as low as 60 seconds and a payout of 95%. In addition, this trading platform is also known to have the lowest minimum trade amount, which is 10 cents. 

Overall, BinaryCent is a reliable platform that has a lot to offer. What’s interesting is that one can easily navigate its website. One can easily find advanced trading features, technical analysis, and tips on the website. 

This trading broker is also known to offer excellent trading assets to traders. One can easily find stocks, cryptocurrencies, forex pairs, and commodities for trading. You can trade these assets using turbo, long-term, or intraday strategies. The turbo trade expires within 30 minutes in 1-minute increments. 

On the other hand, the intraday trade expires between one hour to 24 hours. As an intraday trader, you can enjoy better opportunities. If you choose long-term trades, the options will expire between one day to 30 days. The payout ranges between 60% to 80% for these three trading strategies. 

(Risk warning: your capital can be at risk)

Regulation – Is BinaryCent regulated?

The well-known trading broker BinaryCent is regulated by VFSC because they operate under their corporate holding company, Finance Group Corp. BinaryCent has a sister company called BinaryMate, which focuses on the mainstream trading market. But BinaryCent is exclusively designed for beginners and has a minimum investment of as low as 10 cents. 

Mobile trading

BinaryCent allows mobile trading to traders so they can easily tap into the market whenever they want. The mobile version of this trading broker is easy to navigate. It can be easily accessed through mobile phones or tablets. 

The interesting thing is that this trading app is similar to the website and free to use. It includes all the necessary functions and does not feel clunky. You can also check the transaction history through the mobile app without any issues

If you are interested in using the mobile app, you are required to confirm your mobile number. Some traders might see it as a downside, but it is only done to protect the information and funds. 

(Risk warning: your capital can be at risk)

Review of the BinaryCent account types: 

When you get yourself registered with BinaryCent, you come across three different account-type options. These account types are designed to fit various trader levels. Beginners, experienced, and savvy traders can choose any account types that meet their needs. 

In addition, the three account types come with different features and have different minimum deposit criteria. So, you must properly choose an account that can help you improve your trading game. 

(Risk warning: your capital can be at risk)

Bronze account 

BinaryCent Bronze account is designed for beginners. One needs to fund the account with a minimum deposit of $250 to get access. Surely, the minimum deposit is a little higher, but traders’ features justify the amount. 

For depositing the minimum amount, you get a 20% bonus. This way, your account balance comes to $300, which can be used for trading. In addition, you get 24/7 customer support through live chat, email, video chat, and phone calls. 

The Bronze account lets you get demo account access where you can easily practice and enhance your trading skills. You are required to complete the KYC to withdraw the money you have won through trading. 

The withdrawal process is quick, and the verification can be completed within one hour. This trading account also lets you access different tools, including charts, candlesticks, records, copy trading, and lines.

Note that no other trading broker offers this much tool with a Bronze account. 

Silver account 

The next is the Silver account, which is designed for intermediate and professional traders. If you have a good trading experience, you can access this trading account by paying a minimum deposit fee of $1000

After paying the minimum deposit amount, you can expect a bonus of 50%, which will make your total account balance $1500. It’s important to note that a Silver account requires you to make a minimum of 40 tradings before you can withdraw the money. 

This trading account includes all the features offered by the Bronze account. For instance, 24/7 customer support, video chat, demo account, copy trading tool, and more. In addition, you will get a better bonus and the first three risk-free trading opportunities. You can use the risk-free opportunities to make successful trades. 

Lastly, a Silver account helps you access the master class so you can better understand the trading market. Professional traders will share their experience and knowledge so you can effectively use the tools without any issues.

(Risk warning: your capital can be at risk)

Gold account

The last one is the Gold account, which comes with numerous benefits. This trading account is used especially by savvy traders who are serious about trading and want to build a career. 

It requires a minimum deposit of $3000, offering the traders a 100% bonus. That means your overall account balance would be $6000. But you must trade a minimum of 40 times before withdrawing the money from your account. 

With this trading account, you can enjoy all the benefits offered by Bronze and Silver accounts. For instance, 24/7 customer support, quick withdrawal facility, demo account, and copy trading tool. Plus, you will get three risk-free trades. 

In addition to this, the Gold account offers master classes with professionals. You can improve your trading skills by attending master classes. Furthermore, a personal manager is also assigned to each Gold trading account. 

You will also get helpful information at the crucial time, useful signals, better features, best indicators, and more. 

The minimum trading amount for each trading account is only 10 cents. 

Special features of BinaryCent (pros):

Trading contests

If you have an active BinaryCent account, you are eligible to take part in the trading contests. This trading broker offers twenty exciting prizes to the winners and top performers each week. 

The contest depends on the win rates and trading volumes. What’s interesting is that one can win the content through copy trading as well. 

(Risk warning: your capital can be at risk)

Copy trading

Beginners mostly use copy trading to understand how profitable moves are made. This tool allows the trader to copy seasoned traders and replicate their success. 

If your budget allows, you can follow as many traders as you want. Using copy trading will help you develop a sense of understanding to make successful trades. You must never forget to check the expiry time while looking for available trades. 

Bonus and promos and bonus conditions

Anyone is eligible to get a bonus who successfully makes their first deposit. You can use the offered bonus and promos to maximize your investments as a trader. This way, you can make better profits. 

The bonus in BinaryCent comes in three ways: a 20% bonus for the Bronze account, a 50% bonus for the Silver account, and a 100% bonus for the Gold account. Remember that each trading account has minimum requirements before you can make the first withdrawal. You must pay attention to these details before selecting an account. 

Suppose you have deposited $100, for which you get a $300 bonus. At this point, you are required to make a total trade of $3,900 ($1300 x 3). Remember that this trading broker takes priority before making a withdrawal. 

Besides bonuses, BinaryCent also offers incentives to its traders. One of the best incentives is “risk-free trades” and trading contests. As a Gold account holder, you are eligible to get a trade promo. The promo is risk-free and worth the higher deposit levels. 

This trading broker compensates the user if they are left with a negative balance after their first three transactions. Also, if you participate in the contests and win, you are eligible to get $20,000. 

(Risk warning: your capital can be at risk)

Deposits and withdrawals methods:

BinaryCent always impresses its clients with a wide range of funding and withdrawal options. It was done so traders worldwide could easily fund their trading accounts without any issue. 

You can use a payment system enlisted by this broker to access your live trading account. Below is a list of payment methods that BinaryCent approves. 

  1. Credit/Debit cards: You can easily fund your trading account using VISA, MasterCard, JCB, China UnionPay, or American Express. The funds will be transferred instantly if you make deposits through these methods. But for withdrawal, the process can take around 6 hours. For withdrawal and deposits, no fees are charged. But VISA requires 5% transfer fees. 
  2. Bank wires: You can also fund your trading account using bank wires. You can easily withdraw and deposit huge amounts of funds through this method. But bank wire is the slowest method of transaction. 
  3. Digital wallets: BinaryCent accepts numerous digital wallets, including country-specific and international wallets. Internationally accepted wallets include Skrill, PerfectMoney, WebMoney, OkPay, and AliPay. On the other hand, Country-specific wallets include Yandex Money and Qiwi. If you deposit or withdraw money using a digital wallet, the required processing time would be one hour. 
  4. Other methods: Other methods that BinaryCent accepts for depositing and withdrawing money include Bitcoin. This method takes some hours because all the transactions get confirmed on Blockchain. 

The BinaryCent team properly handles all the transactions. 

(Risk warning: your capital can be at risk)

Assets to trade

Traders of BinaryCent can choose from five asset classes, including stocks, cryptocurrencies, indices, commodities, and forex. Also, traders can choose from two trade types, i.e., CFD/Forex and Binary Options. The payout depends on the type of asset you choose. 

Other brokers offer more trading assets, but you must choose BinaryCent as it offers better payouts. 

Customer support 

Clients of Binary Option can expect better customer support through live chat, video chat, and more. As this broker extends its services to different countries, it offers help in multiple languages, including Russian, Chinese, and English. 

(Risk warning: your capital can be at risk)

Accepted countries by BinaryCent 

BinaryCent has the vision to provide services to all the countries. But currently, it is operating in the following countries, including: 

  • Australia
  • United Kingdom 
  • Thailand 
  • India
  • Hong Kong 
  • Singapore 
  • South Africa 
  • Kuwait 
  • Qatar 
  • Norway
  • France
  • Italy 
  • Denmark 
  • United Arab Emirates 
  • Saudi Arabia 
  • Luxembourg 

But this trading broker does not offer its services in the United States of America. 

Conclusion of the review: Start trading with cents only!

BinaryCent is a new trading broker as we showed in our review, but it has gained popularity for offering amazing services. Traders get all the relevant features and tools, including an exceptional welcome bonus, demo account access, numerous deposit methods, and more. 

Also, a trader can start trade with as low as 10 cents. They can use exceptional customer support to get help. Plus, traders can increase their profitability by using bonuses and promo codes. 

(Risk warning: your capital can be at risk)

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