BinaryCent Broker Review

Best Binary Options Brokers 2020:
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    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
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    Only For Experienced Traders!

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Binarycent Scam or not? – Broker Review

Is Binarycent a scam or a reliable broker? – Find it out in this review. (In few steps) Nowadays it is hard to find a good broker for Binary Options because the diversity of different offers are sometimes non-transparent. It is important to look after a secure and reputable broker. In this review, I will check Binarycent and give you the right information about the conditions for traders.

Review: (4.3 / 5)
Regulation:
Demo Account:
Minimum Deposit: 250$
Min. Trade: 0,1$
Assets: 100+, Forex, Commodities, Stocks, Cryptos
Support: 24/7 phone, chat, email

Flexible Trading Platform

Copy & Social Trading

What is Binarycent? – The Broker presented

For traders, it is important to know some information about the company where they are trading. Binarycent is an international Broker for Binary Options, Forex, CFD and Cryptocurrencies. The company is based and runs by Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles. Unfortunately, there are not a lot of information to find about the company.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

These points make the company unique:

Withdrawals in 1 hour

100% data protection

24/7 customer multilingual support

Bonus and Risk Free trades

Review of the conditions and trade offer:

Binarycent offers to trade Forex, Commodities, Stocks, and Cryptocurrencies on one platform. In addition, mobile trading is available. The range of assets is very wide and the broker is well positioned with over 100 different assets compared to other brokers. Open your account with a minimum deposit of 250$ and use the free demo account.

The biggest advantage of Binarycent is the small investment amount of 0,1$. That’s why they are called Binary-“cent”. Bet on falling or rising markets with Binary Options. The asset profit is quite high between 80 and 95%. Traders can choose between a turbo, intraday and long-term time horizons for their trades. The diversity of expiry time is very high too. In conclusion, the trading conditions are solid and the broker is compared to other companies in a good place.

Furthermore, you can trade Forex and CFD on the platform. Change between the Forex/CFD platform and the Binary Options platform with only one click. The maximum leverage is 1:100 and the spreads are starting with 1.0 pip.

Binary Options are very risky, but it is possible to make a high profit with BinaryCent. Traders who watch the markets and know what they do notice that there are a lot of good opportunities to trade profitable with over 100 different assets. From my experience the execution of trades is very fast on that platform.

The conditions for traders:

High returns of 80-90%+

Free demo account (after deposit)

Big diversity of expiry time for Binary Options

Forex, Commodities, Stocks, Cryptocurrencies

CFD/Forex and Binary Options platform

Is the BinaryCent Platform reliable?

Binarycent offers a unique trading platform for its traders. The structure is clear and transparent. Personally, I like the design because it is user-friendly. Beginners should understand the platform in a few moments. It is possible to watch video tutorials about trading with the platform. In addition, you can ask the support for some help.

The charts are supported by Trading View. This is a big and popular provider for market data. In other words, it makes the platform look professional. Traders can customize the chart by using drawing-tools, indicators or Fibonacci. The chart is available in full-screen mode too. On the right side, you see the trading dashboard.

Forecast the movement of an asset and trade in the way you want with a call or put option. On the left side, you can choose a market you want to trade. Switch between Binay Options and CFD/Forex with just one click. That makes the platform very flexible. In conclusion, the trading platform of Binarycent provides the right functions a trader needs.

With Binary Options you have to make the right forecast of the price movement to get a high asset profit. This can be in a range of 30 seconds or more. In my opinion, beginners should not start with short-term trading because it is the hardest method to invest in the markets. The function is very easy. The risk is limited to your bet amount and you will get a fixed return.

How to use BinaryCent:

For example EUR/USD – 95%:

That means if you open a trade with a 1000$ bet amount, you predict the right direction of the markets you will win a payout of 1950$ in your account. 1000$ return of the bet amount and the 950$ of profit. There are not any hidden fees for trading.

Unique Trading Platform

Flexible and user-friendly

Social Trading, Analysis and Signals

Transparent trading dashboard

BinaryCent Demo Account for free

The Demo Account is an account with virtual money. You can trade the markets without risk. The conditions are the same as you are trading with real money. You get the real-time market data. First of all new traders can practice some trades in the trading platform of a new broker. This is an important action to get some new experience and decide to continue trading with the new broker.

BinaryCent offers a Demo Account for every trader who deposited the minimum investment of 250$. This is a little disadvantage for this broker because most of the other Binary Options Brokers give you a completely free Demo Account.

The demo account is the best way to improve your trading skills.

Account opening in few steps

Just open your account in less than 1 minute. You only need your personal name, phone number, password, and email address. For further verification, a picture of your passport is needed. The verifications take less than 24 hours. For withdrawal your profit you need a full verified account, but you can start trading without verification. In conclusion, the account opening is very easy and user-friendly. If you got further questions you can ask the 24/7 support.

There are 3 different account types available:

Bronze (250$) Silver (1000$) Gold (3000$)
24/7 live support 24/7 live support 24/7 live support
Withdrawals in 1 hour Withdrawals in 1 hour Withdrawals in 1 hour
Bonus 20%+ Bonus 50%+ Bonus 100%+
Demo account Demo account Demo account
Copy Trading tool Copy Trading tool Copy Trading tool
Master class (web session) Master class (web session)
First 3 risk free trades First 3 risk free trades
Personal success manager

Withdrawals and deposits with Binarycent

From my experience, the deposit and withdrawal work very fast. In only tested it with small amounts like 500$. You can deposit with Creditcard, Cryptocurrencies or E-Wallets. There are no hidden fees. The only fee is by making a payment with a credit card of 5%.

The minimum deposit with 250$ is quite high. The minimum amount allowed for withdrawal is 50$. But there is the advantage to trade with 0,1$. In conclusion, Binarycent offers a diversity of payment methods and the withdrawal system works very fast. The broker processes all withdrawal requests in only 1 hour. Sometimes it takes a longer time if the account is not verified. Also, you can open a crypto wallet with Binarycent. This is a new opportunity to trade cryptocurrencies on the platform.

Payment methods:

Credit Cards (Visa/Master)

Bonus and Risk-Free Trades

BinaryCent offers you a free deposit Bonus and Risk-Free Trades. You can get easy a higher balance of your account. But the bonus is linked to conditions. You have to make a turnover for 3 times the bonus. This is a very low amount and big advantages. Most brokers offer you a bonus too, but you have to make a turnover of 30 times or more.

Risk-Free Trades are offered in the silver and gold account. You can bet any amount in a Binary Options trade and if you lose you get the lost amount back to your account. The loss amount is deposited as a bonus.

The bonus for your first deposit can be between 20% and 100%. It depends on the invested amount of money. The bonus for your first deposit is compared to further deposits higher. With a deposit of 500$, you can get a 50% bonus and with a deposit of 3000$, you can get a 100% bonus. In other words, if you start trading with BinaryCent you get a better reward.

Support and service

BinaryCent provides very fast support via chat, email, and phone. The best choice to ask your question is the 24/7 video chat. Directly you get a connection to the support. In conclusion, the service is reliable and fast. For further questions, you can call them via phone or write an email. They offer you the service in more than 6 different languages: English, Russian, Chinese, Thai and more.

24/7 support per Phone, Email, and Video-Chat

Support in different languages

The support works very fast

Support Chat: Phone (english): Email: Adress:
24/7 +1-8299476393 [email protected] Finance Group Corp 309&310 Office, Albert Street Victoria, Mahe, Seychelles

My conclusion of the BinaryCent Review 2020

At first glance from my experience definitely, BinaryCent is not a scam. This review shows you that BinaryCent is one of the best international platforms for trading with Binary Options. The broker provides a good trading platform with a high chance of making a high profit. You can trade a lot of different assets and use different strategies.

The markets data is provided by “Trading View” which is one of the biggest leaders in the industry of retail trading. Another advantage is the possibility to trade with a small investment amount like 10 cents $. That makes the broker unique.

Also, the service and customer support is fast and reliable. There is no problem to open a new account and do deposits and withdrawals. In addition to that, I have to mention that the company is unregulated. I tested the platform only with a small amount of money. Try it by yourself.

Advantages:

Trade with only 0,1$ in one trade

High asset profit

High diversity of assets 100+

Flexible trading platform

Forex/CFD and Binary Options on one platform

Disadvantages:

Get the demo account after the first deposit

The opportunity to trade with only 0.01$ is the biggest advantage of BinaryCent (4.3 / 5)

BinaryCent

Broker Name: BinaryCent
Platform: BO, FX, CFD
Founded: 2020
Bonus: Up to 100%
Return/Refund: 70-100%/ 0%
No. Of Assets: 30+
Regulated: No
Demo Account: Yes
Minimum Deposit: 250
US Traders: Not Accepted

BinaryCent Review

BinaryCent is a shady binary options, CFD and FX broker operated by Finance Group Corp. Finance Group Corp is an unknown entity, there is no information provided on the website. It was formerly operated by Cent Projects Ltd. and before that, the name Suomen Kerran LP appeared in their Terms And Conditions).

Editor’s Note: Why Does BinaryCent Suck In 50 Words

Even if you don’t accept a bonus, you will still need to turnover your funds at least once before you withdraw. If you don’t do that, you can withdraw but you will have to pay a fee of 20%. I hate this greedy approach! It’s like “HA, I got your money, now you do as I say!” What if I deposit and decide that trading is not for me or that I simply don’t like what they are offering? I still have to trade my full deposit once or pay a huge fee… no, no, that’s not the way to go.

Why BinaryCent Doesn’t Suck in 50 Words

Eh, this is the hard part. The only thing I can think of is the low minimum deposit ($100 – although in other parts of the website they say $250) and the fact that you can trade cents (lowest trade is 1 cent). This makes them good for practice, but then again, if you want to just practice, you can get a demo account from a bigger broker.

Is BinaryCent A Scam?

As long as a court of law doesn’t say BinaryCent is a scam, who am I to say otherwise. But let’s get real for a bit: they are not regulated by a financial authority (even though they blatantly say they are regulated), the name of the operating company has changed a few times already, and the name they give is totally bogus. I am not saying there’s something wrong with Finance Group Corp, it just looks like there is.

Should I Open An Account With BinaryCent?

BinaryCent offers Binary Options (BO), Forex (FX) and Contracts For Difference (CFD) and I think the most noteworthy thing about this brokerage is the very low trade size (1 cent), so it makes it appealing to traders who are just starting out in BO, FX, and CFD but want to get a feel of the real market, not demo. Unfortunately, that’s about it, because I don’t see other things that would make me recommend this broker.

The platform is custom built and it’s nothing to write home about, but not disastrous either. The main attraction is the live chat with video, so I don’t think you will pay much attention to the platform features because you will be busy switching between all the beautiful girls who are there to make your stay more pleasurable. If you feel particularly fond of one (or more) of them, you have an option to tip them 1, 10 or 50 bucks. It’s like Hooters for Binary Options… with a bit more clothing.

Ok, video chat with girls is not something I need or want from a brokerage, but there’s something even more bothering: according to them, the brokerage was launched in 2020 and according to web traffic numbers (see above), they probably hit the market in early 2020.

Now, if you take a look at their homepage, you will see they’ve “allegedly” received Best Broker Award (by Fair Binary Options) in the year – wait for it – 2020. Wow, how can this be? I don’t know, but I’ll let you draw your own conclusion.

They also say they are regulated/approved by a website named Forex Regulator (what a confidence-inspiring name) but when checking that website I realized this is just an entity that offers legal assistance in case you want to get your money back from a broker, in exchange for a fee. They are located in Scotland (according to the website) but I’ve found many grammar and spelling mistakes so… I don’t know for sure but I assume that people from Scotland should speak proper English.

To me things are simple: if a brokerage is not regulated, they have to offer outstanding advantages and features to make me open an account and make a deposit, and BinaryCent doesn’t do that.

It’s again up to you to decide: if you consider video chat with girls an amazing feature and don’t care much about the rest, then BinaryCent could be the brokerage for you. If you are looking for other things, then look for other things somewhere else.

BinaryCent do not provide an address for their offices on the domain binarycent.com/en. However, when accessing binarycent.com/de, the following address appears in the Terms & Conditions: 309&310 Office, Albert Street Victoria, Mahe, Seychelles.

BinaryCent Complaints

Almost everywhere I looked, I found people calling BinaryCent a scam. You know we don’t trust 100% all complaints we find online, but the amount of unsatisfied clients is worrisome. Most people complain that their withdrawals don’t get through and I’d say that’s the worst thing that could happen. Also, some users have claimed that BinaryCent has changed their T&Cs to fit their needs, without prior notice.

Given the high number of complaints, I believe you should be very careful when dealing with this brokerage.

BinaryCent Regulatory Warnings And Announcements

7.18.18 – BinaryCent is warned by New Zealand’s FMA for operating without a license or regulation. More information here.

6.22.18 and 9.20.18 – BinaryCent is warned by the France AMF for operating illegally on two separate occasions.

BinaryCent Bonus

The bonus starts at 20% for a deposit of 250 USD and can go as high as 100% for a deposit of 3,000 USD. The required turnover before you can withdraw your own money if you’ve received a bonus is 3 times the bonus and your deposit which is a little weird. The bonus cannot be withdrawn and will be used for trading only. If the client withdraws prior to reaching the turnover, the bonus will be canceled and all trading losses will be deducted from the client’s original deposit.

BinaryCent Withdrawal

Withdrawals are processed during one hour according to their website, but given the high number of complaints regarding the withdrawal time, I don’t think that one hour is a guarantee. The minimum withdrawal is 50 USD and the method is… whatever the company’s finance team wishes. Yes, according to their TCs, the client cannot request a specific withdrawal method. Only the finance team can decide how you will receive your money. It’s like your money is held hostage or something.

BinaryCent Extras

Cent accounts and girls on video chat. The former is relatively good because you can get a feel of real trading without risking much and the latter is totally uninteresting to me, but it is an extra among binary options brokerages.

Trading Bitcoin With BinaryCent

Crypto lovers, rejoice! BinaryCent offers CFD trading on Bitcoin, Bitcoin Cash, Litecoin, Ethereum, ZCash, Monero, Dash, Primecoin, Reddcoin and other cryptocurrencies. Deposits and withdrawals are available using cryptocurrencies but unfortunately, there’s no leverage, so what you have is what you can trade.

BinaryCent Ratings

User Friendliness 15/20

The website is translated into 8 languages, but it looks half-finished, with hard-to-get information. The FAQ section is not very comprehensive, Demo accounts are not available (although they advertise it I couldn’t find it on the website). The platform is relatively easy to use but clunky and takes ages to load when you switch assets or charts.

Number Of Assets And Expiry Time 14/20

The asset list is only available after registration, so I had to register to get it (fake details, don’t worry): 26 currencies, 2 commodities (gold and silver), 4 stocks and Crypto Currencies (including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, ZCash, Monero, Dash, Primecoin, Reddcoin). This is a very small asset basket, but at least they offer Cryptos and people are going crazy about Crypto Currencies these days. The expiries for Turbo options are between 1 and 6 min (in increments of 1 min). Other expiries are the end of the day and long-term is one month (with increments in between).

Commissions, Support And Effective Return 13/20

There are no commissions to open an account but you will have to pay a 20% fee if you wish to withdraw from an account that has not reached the required turnover. BinaryCent also offers CFD trading, which requires you to pay a spread. This spread is floating and depends on market conditions.

The support is not very knowledgeable but is polite (after all, they are there to smile and be polite). The returns for successful Binary Options investments go up to 80% but fluctuate depending on market conditions.

Deposit, Payment And Bonus 13/20

The minimum deposit is 250 USD and can be performed through Visa, Mastercard, Neteller, Skrill and others (Bitcoin deposits and withdrawals are available). Minimum withdrawal is also 50 USD but the method will be decided by BinaryCent’s finance team. The bonus goes up to 100% be we don’t recommend accepting such a high amount.

Website Extras 12/20

The minimum trade amount is just one cent, which is good for money management. The other obvious extra is the video chat with girls but it is not my definition of professionalism. I call it a gimmick to attract male clients, hence the low score for this category. Bitcoin and altcoins trading is available.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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