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    Binary.com: Binary.com-Some Important Points about This Broker

    Abstract:In 2013, BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to step into the financial trading markets. Binary.com 's head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825. Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156. On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.

      General Information & Regulation

      In 2013, BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to step into the financial trading markets. Binary.com 's head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825. Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156. On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.

      Market Instruments

      Investors can trade binary options, lookbacks, forex, CFDs, commodities, metals (gold, silver, platinum, and palladium) through the Binary.com brokerage firm.

      Binary.com Minimum Deposit

      Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible.

      Spreads & Commissons

      Spreads differ in light of trading accounts. Variable spreads start from 1.2 pips in the Standard accounts, spreads from 0.9 pips in the Advanced account. The commission part is not fully disclosed on the Binary.com website.

      Binary.com Leverage

      Trading leverage vary depending on various types. Binary.com uses the dynamic leverage, from 1:300 to 1:1000. Inexperienced traders are advised not to use such high leverage.

      Binary.com Trading Platform

      Binary.com offers traders the Deriv.com trading platform. Traders can trade a wide range of financial instruments on the Deriv.com platform, an easy-to-use and versatile trading platform for both novice and experienced traders. There is also SmartTrader, the preferred binary options trading platform that allows traders to trade on a simple, user-friendly online platform for the global financial markets.

      Deposit & withdrawal

      Binary.com welcomes a variety of payment and withdrawal methods. The main payment methods are Wire Transfer (for EUR, USD, GBP, AUD), PayTrust (for USD), ZingPay(forEUR,USD, GBP,AUD),Helpay(forUSD), VISA/MASTERCARD/Maestro (for EUR, USD, GBP, AUD), Fasapay (for USD), Perfect Money (for EUR). Binary.com does not provide detailed information on the fees for deposit and withdrawal.

    Payment

      Binary.com Customer Support

      Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through Live chat. The full details can be found on the “Contact US” area of the website.

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