Global Broker Regulation Inquiry App
About WikiFX
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download

Plus500 , Binary.com Broker Comparison

Do you want to know which is the better broker between Plus500 and Binary.com ?

In the table below, you can compare the features of Plus500 , Binary.com side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
Plus500
7.99
Regulated
Under guarantee
15-20 years
ASIC,FSA,CYSEC,FCA,CIRO,FMA,CMA,MAS,FSA,SCB
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Binary.com
1.61
Unverified
Under guarantee
5-10 years
FSA,VFSC,FSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

Plus500 、 Binary.com BrokerRelated News

Plus500 、 Binary.com BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do plus500 and binary-com have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

plus500
Quick Plus500 Review Summary
Founded2008
HeadquartersIsrael
RegulationASIC, FSA, CYSEC, FCA, FMA, CIRO, MAS, SCA, DFSA, ISA
Market Instruments2,800 CFDs, cryptos, indices, forex, commodities, shares, ETFs
Demo Account
Leverage1:30 (retail)/1:300 (professional:the professional accounts do not have ICF rights)
EUR/USD SpreadFloating around 0.5 pips
Trading PlatformsOwn proprietary trading platform (desktop, web, and mobile)
Min Deposit$/€/£100
Payment MethodsVisa, MasterCard, PayPal, Skrill, Apple Pay, Google Pay
Deposit & Withdrawal Fee
Inactivity FeeUp to USD 10 per month charged if not log in to your trading account for 3 months
Customer Support24/7

Plus500 Information

Plus500 is an online trading platform that offers 2,800 Contracts for Difference (CFDs) on cryptos, indices, forex, commodities, shares, and ETFs. It was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.

Plus500's home page

Pros & Cons

Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.

However, traders who require MT4 and MT5 trading platforms, or do not want to pay for an inactivity fee may need to consider other brokers.

ProsCons
• Simple and easy-to-use trading platform• No support for MetaTrader platform
• Commission-free trading• Limited customer support options
• Tight spreads• Inactivity fee charged
• offers Risk Management Tools
• Regulated by reputable financial authorities
• Free demo accounts

Is Plus500 Legit?

Regulatory Authority NameCurrent StatusLicense TypeCountry/RegionLicense Number
Australia Securities & Investment CommissionRegulatedMarket Maker (MM)Australia417727
Financial Services AgencyRegulatedRetail Forex LicenseJapan関東財務局長(金商)第156号
Cyprus Securities and Exchange CommissionRegulatedMarket Maker (MM)Cyprus250/14
Financial Conduct AuthorityRegulatedStraight Through Processing (STP)United Kingdom509909
Financial Markets AuthorityRegulatedStraight Through Processing (STP)New Zealand486026
Canadian Investment Regulatory OrganizationRegulatedMarket Maker (MM)CanadaUnreleased
Securities and Commodities AuthorityRegulatedRetail Forex LicenseUnited Arab Emirates20200000232
Monetary Authority of SingaporeRegulatedRetail Forex LicenseSingaporeUnreleased
Dubai Financial Services AuthorityRegulatedRetail Forex LicenseUnited Arab EmiratesF005651
The Israel Securities AuthorityRegulatedRetail Forex LicenseIsrael515233914

Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base.

However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.

How are you protected?

Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients.

Here is a table outlining how Plus500 protects its clients:

Protection MeasureDetail
Segregated FundsClient funds are kept separate from company funds
Risk Management ToolsStop loss, limit order and other tools to help manage risk
Account VerificationRigorous account verification process to prevent fraud and unauthorized access
SSL EncryptionSecure Socket Layer (SSL) encryption used for all communication and data transfer
Regulatory OversightRegulated by multiple reputable financial authorities
Investor Compensation FundEligible clients may receive compensation in the event of insolvency or bankruptcy

Our Conclusion on Plus500 Reliability:

Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers risk management tools to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.

However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.

Market Instruments

Plus500 offers 2,800 CFDs, including 65 Forex CFDs, 1,623 Stocks CFDs covering equities from global markets, 34 Indices CFDs on major indices like the S&P 500, Nasdaq, and FTSE 100, 23 Commodities CFDs on precious metals, energies, and agricultural products, as well as Cryptocurrencies CFDs on popular digital assets such as Bitcoin, Ethereum, and Litecoin.

Asset ClassSupported
CFDs
Cryptos
Indices
Forex
Commodities
Shares
ETFs
Bonds
Options

Accounts

Plus500 offers two types of accounts: a live trading account and a demo account.

The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,800 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.

The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.

Leverage

Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.

For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.

It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.

Spreads & Commissions

Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads for major currency pairs like EUR/USD is to 0.00016. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.

Trading Platforms

The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.

The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.

Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:

BrokerTrading Platforms
Plus500
Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app
IG
L2 dealer, ProRealTime, MT4, TradingView
XM
MT4/5, XM App
IC Markets Global
MT4/5, cTrader, TradingView (Windows, Web, Android, Mac, iOS)

Deposits & Withdrawals

Plus500 accepts payments via Visa, MasterCard, PayPal, Skrill, Apple Pay, and Google Pay.

Payment options

Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.

Deposits and withdrawals

Minimum Deposit Requirement

The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit is $100. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.

Plus500 minimum deposit vs other brokers

BrokerMinimum Deposit
Plus500
$/€/£100
IG
$0
XM
$5
IC Markets Global
$200

Fees

Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.

Fees

The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.

It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.

Additional fees

Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.

See the fee comparison table below:

BrokerDeposit FeeWithdrawal FeeInactivity Fee
Plus500
$10/month if not log in to your trading account for 3 months
IG
///
XM
//
IC Markets Global
/

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 also offers two additional proprietary platforms, namely Plus500Futures and Plus500 Invest, with Plus500Futures primarily focusing on futures trading.

Plus500Futures Review

Plus500US is the exclusive Futures trading platform of the global Plus500Ltd, available only for US clients. Claimed to operate under CFTC and NFA oversight, Plus500US offers U.S. customers access to markets like cryptocurrencies, Equity Index, Energy, Metals, Forex, Agriculture, and Interest rates via Futures.

You get diverse market access via a wide range of contracts: Trade CME-listed futures such as Gold, Bitcoin, S&P, and more, in addition to real-time market data, allowing you to access accurate and timely market information, and 24/5 access to trade global markets during active hours.

Plus500 offers flexible payment methods, among which are Google Pay, Apple Pay, and debit cards with a minimum deposit of $100.

A commission-free welcome bonus of up to $200 is also available (T&Cs apply).

Plus500US offers zero fees for platform access, market data, and order routing. Intraday margins are competitive, with products like Ether futures starting at $20, giving traders affordable access to leveraged futures.

The Futures Academy includes free materials for all skill levels. Live webinars provide strategy training from professionals. 24/7 live chat support is available for trading or technical questions - no phone calls needed.

The platform is easy to use, built for both beginners and experienced traders. It works well on both desktop and mobile. It includes key features like:

  • Chart indicators
  • Stop loss and trailing stops
  • Auto-liquidation for risk control

    The Plus500 Futures platform is offered by Plus500US and is available only to US traders.

    Plus500 Invest

    The platform supports share dealing with access to over 2,700 financial instruments, includes free market data, and offers dedicated 24/7 customer support.

    *Note: Plus500 Invest is currently available in select countries.

    Additional features:

    • No charges for withdrawals

    • No fees for deposits

    • Competitive trading commissions

    • No platform usage charges

    • No custodial fees

    • Integrated analytical charts and drawing tools (included)

    • Support for multiple order types: market, stop, and limit orders

    • Notifications via email, SMS, and push for order updates, corporate actions, and announcements (included)

    Education

    Plus500 provides rich educational resources on their website, which includes trading academy, trader's guide, beginner's guide, webinars, ebook, FAQ, and news. The educational resources cover topics such as trading basics, technical analysis, and risk management.

    Education

    Conclusion

    Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with 24/7 support.

    However, Plus500 does have some drawbacks, such as no popular MT4/5, limited contact channels and relatively high inactivity fees.

    In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.

    Frequently Asked Questions (FAQs)

    Q 1:Is Plus500 regulated?
    A 1:Yes. Plus500 is regulated by ASIC, FSA, CYSEC, FCA, FMA, CIRO, MAS, SCA, DFSA, ISA
    Q 2:Does Plus500 offer demo accounts?
    A 2:Yes.
    Q 3:Does Plus500 offer industry-standard MT4 & MT5?
    A 3:No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile).
    Q 4:What is the minimum deposit for Plus500?
    A 4:The minimum initial deposit to open an account is $/€/£100.
    Q 5:Is Plus500 a good broker for beginners?
    A 5:Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
    binary-com
    Aspect Information
    Registered Country/Area United Kingdom
    Founded year 5-10 years
    Company Name Binary.com
    Regulation Regulated in Malaysia, Offshore Regulatory (Vanuatu)
    Minimum Deposit $5
    Maximum Leverage Dynamic (range from 1:300 to 1:1000)
    Spreads Not specified
    Trading Platforms Deriv MT5, Deriv X, Deriv EZ, Deriv GO, SmartTrader, Deriv Trader, Deriv Bot, Binary Bot
    Tradable assets Forex, CFDs, Derivatives, Stocks & Indices, Cryptocurrencies, Commodities
    Account Types Real trading and demo trading
    Demo Account Available
    Islamic Account Not specified
    Customer Support Phone (English, German, French), Email
    Payment Methods Credit/Debit Cards, E-wallets, Online Banking, Cryptocurrencies, Fiat Onramp

    Overview of Binary.com

    Binary.com is a regulated trading platform based in the United Kingdom and has been in operation for 5-10 years. It operates under a Straight Through Processing (STP) license in Malaysia but has had its retail Forex license revoked in Vanuatu. The broker has a global business presence and is known for its high potential risk. It is important to note that Binary.com's regulatory status is classified as offshore.

    Binary.com offers a wide range of market instruments, including Forex, CFDs, derivatives, stocks, indices, cryptocurrencies, and commodities. Traders can participate in various financial markets and take advantage of opportunities in different asset classes. However, it is crucial to be aware of the potential risks associated with trading on this platform, especially given the offshore regulatory status.

    The broker provides several trading types, including CFDs, Multipliers, and Options, each offering unique benefits and risks. Traders can choose the trading type that aligns with their strategies and risk tolerance. It is important to note that trading with high leverage amplifies both potential profits and losses, and caution should be exercised when using leverage.

    Binary.com offers a range of trading platforms, including Deriv MT5, Deriv X, Deriv EZ, Deriv GO, SmartTrader, Deriv Trader, Deriv Bot, and Binary Bot. These platforms provide different features and functionalities to cater to the diverse needs of traders. However, detailed information about platform fees is not readily available, and traders should consider this aspect before choosing a specific platform.

    Overall, traders considering Binary.com should be cautious due to the high potential risk associated with the broker's offshore regulatory status and the reported complaints. It is advisable to thoroughly research and understand the risks involved before engaging in trading activities on this platform.

    basic-info

    Pros and Cons

    Binary.com is a regulated broker by the Labuan Financial Services Authority in Malaysia, but its licenses in Vanuatu and the British Virgin Islands are currently revoked, raising concerns about its offshore regulatory status. The broker claims to be regulated by the Financial Services Agency in Japan, but there are suspicions that it may be a clone. WikiFX has reported 21 complaints against Binary.com in the past 3 months, indicating potential risks and scams. On the positive side, Binary.com offers a wide range of market instruments, including forex, CFDs, derivatives, stocks, indices, cryptocurrencies, and commodities, providing traders with diverse trading opportunities. However, high leverage levels can increase the risk of potential losses, and multipliers amplify both gains and losses, which can be risky. Additionally, there is limited information available on expiry dates and the website for licensed institutions. The broker offers various trading platforms, including Deriv MT5, Deriv X, Deriv EZ, Deriv GO, SmartTrader, Deriv Trader, Deriv Bot, and Binary Bot, each with its own features and capabilities. However, some platforms may have limited customization options and lack advanced trading features. Overall, traders should exercise caution and consider the potential risks associated with Binary.com before engaging in trading activities.

    Pros Cons
    Wide range of market instruments Revoked licenses in Vanuatu and the British Virgin Islands
    Regulated by Labuan Financial Services Authority in Malaysia Suspicions of being a clone regulator in Japan
    Diverse trading opportunities 21 complaints reported in the past 3 months
    Regulation claimed in Japan High leverage levels and multipliers increase risk
    Multiple trading platforms Limited information on expiry dates and licensed institutions' website

    Is Binary.com Legit?

    Binary.com is regulated by the Labuan Financial Services Authority in Malaysia under license number MB/18/0024. It operates as Deriv (FX) Ltd with a Straight Through Processing (STP) license. However, its licenses in Vanuatu and the British Virgin Islands are currently revoked and classified as offshore regulatory. The broker also claims to be regulated by the Financial Services Agency in Japan, but it is suspected to be a clone. WikiFX has reported 21 complaints against Binary.com in the past 3 months, raising concerns about potential risks and scams.

    regulation
    regulation
    regulation
    regulation

    Market Instruments

    Binary.com offers a diverse range of market instruments for traders, providing them with various opportunities to participate in financial markets.

    Forex and CFDs:

    Binary.com offers trading in Forex and Contract for Difference (CFDs). CFD trading allows you to speculate on the price movement of an asset without owning the underlying asset. With high leverage, you can trade CFDs by paying only a fraction of the contract's value. This amplifies potential gains but also increases potential losses.

    market-instruments

    Derivatives:

    Derivatives trading allows traders to speculate on the price movements of various financial instruments without owning the underlying assets. It offers flexibility and the opportunity to trade on indices that represent specific markets or sectors. Traders can benefit from the volatility of these instruments and potentially profit from both upward and downward price movements.

    market-instruments

    Stocks & Indices:

    Binary.com allows trading in global stocks of well-known brands and international stock market indices. This provides traders with access to a wide range of stocks and indices at competitive prices, expanding their trading opportunities.

    market-instruments

    Cryptocurrencies:

    Binary.com offers trading in popular cryptocurrencies, taking advantage of the highly liquid cryptocurrency market. Traders can profit from predicting the movement of cryptocurrencies such as Bitcoin, Ethereum, and more.

    market-instruments

    Commodities:

    Binary.com allows trading in commodities such as Metals and Energy. Traders can speculate on the price movements of these assets without owning them, benefiting from high leverage and competitive spreads.

    market-instruments

    Pros and Cons

    Pros Cons
    Wide range of market instruments available High leverage can lead to increased risk and potential losses
    Access to global stocks, indices, and cryptocurrencies Multipliers amplify gains and losses, increasing risk
    CFD trading allows speculation on price movements Regulatory status in some jurisdictions is revoked or offshore

    Account Types

    Binary.com offers two types of accounts: real trading and demo trading. Real trading accounts are for traders who want to engage in live trading with real money, allowing them to access various financial instruments and participate in global markets. On the other hand, demo trading accounts provide a risk-free environment for traders to practice their strategies and explore the platform using virtual funds.

    Trading Types

    Binary.com offers three exciting trade types: CFDs, Multipliers, and Options.

    CFDs:

    Trade CFDs on Binary.com to take advantage of leverage and low spreads, which can result in better returns on successful trades. With high leverage, you can open larger positions with a smaller balance in your trading account. It's important to keep in mind that CFDs are traded on margin, meaning you need a deposit to open a leveraged position. Trading CFDs increases both potential profit and loss, as it amplifies market exposure. Stop loss, stop out, and margin call features are available to manage risk.

    trading-types

    Multipliers:

    Multipliers on Binary.com combine leverage trading benefits with limited risk. By predicting market movements, you can multiply potential profits when the market moves in your favor. Losses are limited to your stake amount. Customizable features such as stop loss, take profit, and deal cancellation enhance risk management. With increased market exposure, you can trade multipliers 24/7 on forex and synthetics. The platform provides a responsive trading experience, with expert and friendly support available.

    trading-types

    Options:

    Binary.com offers options trading, which allows you to predict market movements and earn payouts without owning the underlying asset. You can trade digital options that offer fixed payouts based on correct predictions or lookbacks that provide payouts based on the optimum high or low achieved by the market during the contract's duration. Options trading requires minimal capital investment, making it accessible to a wide range of traders.

    options

    Pros and Cons

    Pros Cons
    CFDs offer leverage and low spreads CFDs amplify potential profit and loss
    Multipliers combine leverage and risk Multipliers have limited losses to stake
    Options allow participation with minimal investment Options have fixed payouts based on correct predictions
    Trade 24/7 on forex and synthetics Margin requirements and market exposure
    Risk management features available Sudden market fluctuations can affect stop loss levels
    Swap rates and overnight funding charges

    How to Open an Account?

    To open an account with Binary.com, follow these simple steps:

    1. Visit the Binary.com website and click on the “Create a New Account” button to access the login page.

    open-account
    1. On the login page, click on the “Sign Up” option to begin the account creation process.

    open-account

    3. Enter your email address in the provided field to initiate the signup process.

    4. Review the information regarding the creation of a demo account and confirm your age as 18 or older.

    5. By clicking “Create demo account,” you acknowledge that Binary.com may use your email address to send you information about their products, services, and market news. You can unsubscribe from these emails at any time within your account settings.

    6. Alternatively, you may have the option to sign up using alternative methods specified on the page.

    open-account

    Leverage

    Binary.com offers different types of leverage depending on various factors. The leverage used at Binary.com is dynamic, with a range from 1:300 to 1:1000. It's important to note that such high leverage levels may not be suitable for inexperienced traders. The use of high leverage carries significant risk, as it amplifies both profits and losses. Traders should exercise caution and consider their risk tolerance before utilizing high leverage ratios.

    Minimum Deposit

    Binary.com offers flexibility in deposit and withdrawal options. The minimum deposit and withdrawal amounts vary depending on the payment method, with e-wallets allowing as low as 5 to 10 USD/EUR/GBP/AUD. Notably, Binary.com stands out with a minimum deposit requirement of just $5, making it more accessible compared to other brokers that typically require a minimum deposit of $250.

    Deposit & Withdrawal

    Binary.com offers a wide range of payment and withdrawal methods for its users. The specific fees for deposit and withdrawal are not provided by Binary.com.

    Credit/Debit Cards: Binary.com accepts various credit/debit cards such as Visa, Visa Electron, Mastercard, Maestro, Diners Club International, and JCB. The minimum and maximum deposit and withdrawal amounts vary, and instant processing is available for deposits. Withdrawals may take up to 15 working days to reflect on the card, and Mastercard and Maestro withdrawals are limited to UK clients.

    E-wallets: E-wallet options supported by Binary.com include Fasapay, Perfect Money, Skrill, Neteller, Webmoney, Paysafecard, Jeton, Sticpay, Airtm, Boleto, Paylivre, Online Naira, Trustly, Astropay, OneForYou, and Advcash. The deposit and withdrawal limits vary for each method, and instant processing is available for deposits. Withdrawal processing time is typically 1 working day, but may vary depending on the specific e-wallet provider.

    Online Banking: Binary.com supports instant bank transfers, PayTrust, Help2Pay, ZingPay, and NganLuong for online banking transactions. The minimum and maximum deposit and withdrawal amounts vary for each method. Deposit processing time is usually 1 working day, while withdrawal processing time may vary from 1 to 3 working days.

    Cryptocurrencies: Binary.com accepts deposits in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Usd Coin, and Tether. There is no minimum deposit requirement for cryptocurrencies, and the minimum withdrawal amounts are specified for each cryptocurrency. Deposit processing time is based on confirmation, and withdrawal processing time is subject to internal checks.

    Fiat Onramp: Binary.com provides a fiat onramp option where users can buy cryptocurrencies on popular exchanges. The supported methods include Changelly, and Banxa, allowing users to purchase cryptocurrencies with USD, EUR, GBP, AUD, BTC, LTC, USDT, and USDC. The minimum deposit amount and deposit processing time vary depending on the chosen method.

    Also, Binary.com offers a Deposit and Withdrawal process with varying minimum amounts depending on the chosen payment method. The minimum deposit and withdrawal amount can range from 5 to 10 USD/EUR/GBP/AUD when using e-wallets. It is important to note that the specific minimum amounts may vary for different payment methods. To obtain comprehensive information about the minimum deposit and withdrawal amounts for each payment method, it is advisable to refer to the Payment Methods page provided by Binary.com.

    deposit-withdrawal
    Pros Cons
    Wide range of payment and withdrawal methods Lack of detailed information on fees
    Instant processing for many deposit methods Longer withdrawal processing times
    Fiat onramp options for crypto purchase Limited availability of certain withdrawal methods for specific regions
    No minimum deposit requirement for cryptocurrencies Minimum withdrawal amounts may vary depending on exchange rates
    Multiple fiat currencies available

    Trading Platforms

    1. Deriv MT5: Deriv MT5 is an all-in-one CFD trading platform that provides access to various asset classes, including forex, stocks & indices, cryptocurrencies, commodities, and derived indices. It offers 24/7 trading and multiple trading assets on a single platform. With its quick demo account sign-up and regulation by a trusted industry pioneer, Deriv MT5 is suitable for both new and experienced traders.

    trading-platform
    1. Deriv X: Deriv X is a customisable multi-asset trading platform that allows trading of CFDs on forex, commodities, stocks & indices, cryptocurrencies, and derived indices. It offers a versatile trading experience with features designed to fit individual trading styles. Traders can trade on multiple markets simultaneously, customise their trading environment, and access intuitive tools such as dashboards, custom watchlists, and feature-rich charts.

    trading-platform
    1. Deriv EZ: Deriv EZ is a user-friendly CFDs trading platform that offers instant access to a wide variety of assets, including forex, stocks and indices, commodities, cryptocurrencies, and derived indices. It provides a seamless trading experience with no additional account ID or password required. With 24/7 trading availability, Deriv EZ allows traders to easily start trading, trade their favorite assets on a single platform, and access trading tools and indicators for informed decision-making.

    trading-platform
    1. Deriv GO: Deriv GO is a mobile app designed for trading multipliers on the go. It offers 24/7 trading of forex, derived indices, and cryptocurrencies. With user-friendly features, easy access to trades, and the ability to amplify profits up to 1000x with multipliers, Deriv GO provides a trading experience for traders who prefer trading on mobile devices.

    trading-platform
    1. SmartTrader: SmartTrader is an all-in-one CFD trading platform that offers a wide range of tradable assets, zero commissions, and 24/7 trading. It provides a simple and user-friendly interface for traders to make informed decisions.

    trading-platform
    1. Deriv Trader: Deriv Trader is a user-friendly trading platform offered by Binary.com. It allows traders to engage in forex, commodities, cryptocurrencies, and indices markets. The platform offers customizable chart types and trade types, with trade durations and a minimum stake of $0.35. Traders can make informed decisions using technical indicators and widgets. Overall, Deriv Trader provides a simple and versatile trading experience.

    trading-platform
    1. Deriv Bot: Deriv Bot is a platform that allows traders to automate their trading ideas without the need for coding. Traders can build their own trading robots using pre-built strategies or create their own from scratch. With a variety of assets to choose from, zero cost to build bots, and performance tracking features, Deriv Bot offers a solution for traders interested in algorithmic trading.

    trading-platform
    1. Binary Bot: Binary Bot is a platform that enables traders to automate their trading ideas without coding. It offers a range of assets to create trading bots, including pre-built strategies and the option to build custom strategies visually. Traders can use analysis tools, indicators, and logic such as take profit and stop loss to optimize their bot's performance. Binary Bot allows traders to track the bot's profitability and offers integrated help, tutorials, saving strategies on Google Drive.

    trading-platform
    Pros Cons
    Wide range of assets and markets available Limited information provided about trading platform fees
    User-friendly interfaces and intuitive tools Limited customization options for some platforms
    24/7 trading availability Lack of advanced trading features in certain platforms
    Quick demo account sign-up Limited access to educational resources in some platforms
    Regulated and trusted industry pioneer Mobile app may have limited functionality compared to web-based platforms

    Trading Tools

    Margin Calculator:

    The margin calculator provided by Binary.com allows traders to estimate the margin required to hold their positions. This calculation takes into account factors such as leverage, volume lot, and the trader's Deriv MT5 account balance. By using the margin calculator, traders can have a better understanding of the margin requirements for their trades.

    trading-tools

    Swap Calculator:

    The swap calculator helps traders calculate the overnight fees associated with holding open positions. These fees can be positive or negative, depending on the swap rate. By using the swap calculator, traders can assess the potential costs or earnings from holding positions overnight, allowing for better risk management.

    trading-tools

    Pip Calculator:

    The pip calculator is a useful tool for determining the value of pips in trades. It helps traders manage their risk by providing insight into the potential profits or losses based on pip movements. This information is valuable for setting appropriate stop-loss and take-profit levels.

    trading-tools

    PnL for Margin:

    The PnL (Profit and Loss) margin calculator helps traders estimate the stop-loss and take-profit levels, as well as the pip value for their contracts. This information assists in mitigating risk when entering buy or sell positions. By using the PnL margin calculator, traders can plan their trades with a better understanding of potential risks and rewards.

    trading-tools

    PnL Multipliers:

    The PnL multipliers calculator is specifically designed for traders using multipliers. It estimates the level and amount of the stop-loss and take-profit orders for contracts, helping traders manage their risk in case the market price moves against their predictions. This tool is particularly useful when trading with leveraged products.

    trading-tools
    Pros Cons
    Provides essential tools for risk management Limited in-depth analysis capabilities
    Helps traders estimate margin requirements Lacks advanced technical analysis tools
    Facilitates calculating overnight swap fees Does not offer extensive charting features
    Enables pip value calculation May not meet the needs of advanced traders
    Assists in setting stop-loss and take-profit levels Lack of customization options for the tools

    Customer Support

    Binary.com offers customer support in various languages, as their website is translated into multiple languages. Traders can contact the support team through live chat, with the necessary details available in the “Contact Us” section of the website. Additionally, Binary.com provides contact information for different regions and countries.

    For English support, traders can reach out via the phone number 08000119847. German support is available at +44(0)1666 800042, and French support can be contacted at +44(0)1666 800042. Traders can also connect with Binary.com through email at support@binary.com or via their Facebook page.

    Binary.com has multiple offices located worldwide. In Europe, their offices are in the United Kingdom, France, Malta, Cyprus, and Guernsey. In Asia, Binary.com has offices in Malaysia, including Cyberjaya and Labuan, as well as in Ipoh, Melaka, and Singapore. They also have offices in Dubai, Jordan, Belarus, Rwanda, Paraguay, the Cayman Islands in the Caribbean, and Port Vila in Vanuatu.

    These various support channels and office locations allow traders to seek assistance and get in touch with Binary.com according to their specific needs and geographical location.

    customer-support

    Conclusion

    In conclusion, Binary.com is a regulated broker operating under the Labuan Financial Services Authority in Malaysia with a Straight Through Processing (STP) license. However, its licenses in Vanuatu and the British Virgin Islands are currently revoked, raising concerns about its offshore regulatory status. The broker has also been reported for 21 complaints in the past 3 months, indicating potential risks and scams. While Binary.com offers a wide range of market instruments, including forex, CFDs, derivatives, stocks, indices, cryptocurrencies, and commodities, traders should be cautious of the high leverage that can lead to increased risk and potential losses. The platform lacks transparency regarding fees and expiry dates, and there is limited information available about licensed institutions. Overall, it is important for traders to carefully consider the potential disadvantages and risks associated with Binary.com before engaging in trading activities.

    FAQs

    Q: Is Binary.com regulated?

    A: Yes, Binary.com is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under license number MB/18/0024. However, its licenses in Vanuatu and the British Virgin Islands are currently revoked and classified as offshore regulatory.

    Q: What market instruments does Binary.com offer?

    A: Binary.com offers a diverse range of market instruments, including Forex and CFDs, derivatives, stocks & indices, cryptocurrencies, and commodities.

    Q: What types of accounts does Binary.com offer?

    A: Binary.com offers two types of accounts: real trading accounts for live trading with real money and demo trading accounts for practicing strategies with virtual funds.

    Q: What are the trading types offered by Binary.com?

    A: Binary.com offers CFDs, Multipliers, and Options trading. CFDs allow leverage trading with low spreads, multipliers combine leverage with limited risk, and options trading allows predictions and earnings without owning the underlying asset.

    Q: How can I open an account with Binary.com?

    A: To open an account with Binary.com, visit their website, click on “Create a New Account,” and follow the signup process by entering your email address and confirming your age.

    Q: What leverage does Binary.com offer?

    A: Binary.com offers dynamic leverage ranging from 1:300 to 1:1000, depending on various factors. However, high leverage levels may not be suitable for inexperienced traders, and caution should be exercised.

    Q: What is the minimum deposit at Binary.com?

    A: The minimum deposit at Binary.com depends on the payment method used and can vary. E-wallets allow as low as 5 to 10 USD/EUR/GBP/AUD, while other methods may have different minimums. Binary.com stands out with a minimum deposit requirement of just $5.

    Q: What payment and withdrawal methods does Binary.com offer?

    A: Binary.com offers a wide range of payment and withdrawal methods, including credit/debit cards, e-wallets, online banking, cryptocurrencies, and fiat onramp options. The specific fees for deposit and withdrawal are not provided by Binary.com.

    Q: What trading platforms are available on Binary.com?

    A: Binary.com offers several trading platforms, including Deriv MT5, Deriv X, Deriv EZ, Deriv GO, SmartTrader, Deriv Trader, Deriv Bot, and Binary Bot. Each platform provides different features and trading options.

    Q: What trading tools does Binary.com provide?

    A: Binary.com provides trading tools such as a margin calculator to estimate margin requirements, a swap calculator to calculate overnight fees, and a pip calculator for precise pip value calculations.

    Do plus500 and binary-com have lower transaction costs?

    To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

    To get a comprehensive understanding of how cheap or expensive plus500 and binary-com are, we first considered common fees for standard accounts. On plus500, the average spread for the EUR/USD currency pair is -- pips, while on binary-com the spread is --.

    Which broker between plus500, binary-com is safer?

    To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

    plus500 is regulated by ASIC,FSA,CYSEC,FCA,CIRO,FMA,CMA,MAS,FSA,SCB. binary-com is regulated by FSA,VFSC,FSC.

    Which broker between plus500, binary-com provides better trading platform?

    When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

    plus500 provides the -- platform with products like --; binary-com offers the -- platform featuring assets including --.

    Select Country/Region
    United States
    ※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qa@wikifx.com
    Cooperation:business@wikifx.com