- What is Binarycent?
- How Does It Work?
- Is Binarycent Reliable?
- Types of Accounts and Trading conditions.
- Deposits and Withdraws.
- Terms of Service.
|Regulated:||FINRA||Instruments:||Commodities, Cryptocurrencies, Forex, Market Indices, Stocks|
What is Binarycent?
The desire to make big money and achieve financial independence is absolutely normal for a person. The main thing is that this path be legal and successful. If a person knows how to think analytically, he can try his hand at trading binary options on Forex or other platforms where the profitability from transactions reaches 80%.
The main thing is to take the right first step and choose a good platform with reliability, an excellent bonus program and the best conditions for a trader. An interesting option is the Binarycent review of which is presented in the article.
How Does It Work?
At the beginning of the Binarycent broker review, it is worth saying that the company was registered in 2017 on the island of Vanuantu and is a newcomer to the segment. To attract a large number of traders, the company offers certain bonuses: a mobile application for smartphones, low minimum rates, etc.
You can become a Binarycent client by completing the registration procedure on the official website. You must click on the appropriate button and fill out the questionnaire. You will need to specify personal data: name, phone number, email address, as well as login and password to enter your personal account. It is also recommended that you go through the account verification procedure for online transaction processing and greater reliability.
A new trader makes a deposit, selects a suitable currency pair on the Binarycent trading platform and makes his forecast: the rate will increase or decrease after a certain period of time. If the prediction is correct, he makes a profit. Several successful transactions can significantly improve the user’s financial situation.
Is Binarycent Reliable?
Financial transactions are a very important procedure. Therefore, the question of whether Binarycent scam is logical is quite logical and understandable. In favor of the company is the fact that the site has an operational support service available 24/7. You can contact them with a problem via e-mail or online chat on the site. Representatives of the company monitor the appearance of suspicious activity and block strange users.
Moreover, the client data is encrypted using SSL 3.0, which is practically not subject to hacking by hackers. And the verification procedure during the withdrawal of money (verification of identity is carried out after sending a copy of the passport) excludes the possibility of payments to the fraudster, and not to the account owner.
At the same time, it is alarming that the company has the simplest VFSC license. The reputation of this regulator is poor.
Types of Accounts and Trading conditions
After registering with Binarycent broker, any client can start trading. A sensible step would be to open a demo account where the user will have virtual money at their disposal. By making trial bets, he can understand the functionality of the site, trading tools, understand the signals that affect the course change. This option is available for residents of all parts of the world: Europe, America, South Africa, etc.
As soon as a trader decides to play for money, he can open a real account. Depending on the deposited amount, three options are offered:
• There are no restrictions on the number of pairs available for trading, a bonus of 20%. Account balance should be between $ 250- $ 500;
• Appropriated after depositing more than $ 500. In this case, losses on the first three transactions are reimbursed by the broker, and the bonus amount reaches 50%. Additionally, analytics and the help of professional traders are available to the user;
• To get the status, you need to replenish the account with an amount of more than $ 2500. After that, a personal assistant is assigned to the client, a Swiss credit card is issued for free, and the bonus amount is 100%.
Deposits and Withdraws
Any client whose age has reached 18 years can start trading on the exchange. Binarycent minimum deposit is $ 250. Transactions are carried out through:
• Bank cards Visa, MasterCard (commission 5%);
• Payment systems JCB, American Express, Union Pay;
• Electronic wallets Neteller, Skrill, Perfect Money, WebMoney, Qiwi, Yandex, OkPay;
• Cryptocurrency Bitcoin.
Payments to the account occur instantly, and it takes up to 1 hour to process payments. In addition, Qiwi and Yandex payment systems work only in Eastern Europe, and Neteller and Skrill – everywhere, except North America.
Terms of Service
If you decide to trade in currency pairs in Binarycent in Africa or other parts of the world, then you should initially consider all the advantages and disadvantages of the platform.
• Informative site, the presence of a mobile application for smartphones and tablets;
• Several ranks of accounts with additional bonuses;
• Low minimum rates (from 0.1 $);
• A welcome gift in the form of 100% of the first deposit (wagering is required);
• Account verification to reduce the risk of fraud.
• VFSC license is not reliable;
• An impressive minimum deposit ($ 250);
• Lack of company experience and good reputation deserved for years.
Each trader makes a choice on his own, but the right decision should be based on a thorough analysis and specific facts.