|Broker Type:||Binary Options|
The first thing we reviewed at BinaryCent, was the trading platform they’re using. We found that they use a custom platform, that has a very clear user interface. Here you can trade many currency pairs as well as Gold and Silver at various expiry times.
The expiry times are divided into three categories: Turbo, which has expiry times from anywhere between 1 minute and 30 minutes at 1 minute intervals. Intraday, which has expiry times at 1 Hour intervals for 24 hours ahead. And Long Term, which has expiry times at 1 day intervals for up to 30 days.
BinaryCent has a low minimum deposit of $10 and offers profits of 80% for successful trades. Trades can be made for as little as ¢10.
We always stress the importance of reading a brokers Terms and Conditions page in detail. This will give you information about withdrawal procedures and bonus policies. The most common reason for broker complaints is because they didn’t know what restrictions and requirements would be necessary to process a withdrawal. Read more about this on our Complaints page.
BinaryCent has three account packages to choose from, each with added benefits. They also have a weekly contest among traders, with prizes of up to $2000. Accounts can be funded with credit cards including AmEx, E-wallets including Yandex and OkPay and also with Bitcoin.
Their website is available in English, Russian, Spanish and Thai. They also have 24/7 customer service.
Warning! Trading with auto-trading software is very popular now, however, most of these robots are fake. Find out why by reading here.
If you are interested in a real Auto-Trading Robot, then first look at this one: OptionRobot.com.
License and Regulation
How do you verify that a broker is not a scam? See if they have a license! Being that Binary Options trading is a financial service, most governments require that a broker have a license from their financial regulator. Many European brokers are licensed with the CySEC of Cyprus.
As of this writing, BinaryCent does not have a license.
Did you know that there are over 250 active binary options brokers currently in operation? It’s always worthwhile to compare what other brokers are offering. Look into some of these other licensed brokers.
24Option (read review) is licensed in Europe by CySEC, and they also offer CFD trading. This month they have a $24,000 trading competition, see here. Trader looking for an automated trading robot to use with 24option will use OptionRobot.com.
The BinaryCent website is actually owned and operated by a company called Bernatex Inter S.A. Their office address is at: 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Their phone numbers are: US: (829) 947 6378 and Australia: +61 8 5550 7288. Email: [email protected] | Website: www.BinaryCent.com.