BinaryCent Review – The Secret Of Successful Binary Trading

Last Updated: 15.10.19
Overall Rating
4.5/5
Overall Rating
4.5/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Education
3/5
Mobile Experience
3/5
Withdrawal
3/5
Customer Support
3/5
Trust
3/5
Features:
3/5
Customer Support:
4.2/5
Trusts:
2/5
Education:
5/5
Desktop Experience:
4/5
Withdrawal:
3.1/5
Mobile Experience:
1/5
Platform:
5/5
Home» Binary Options Brokers » BinaryCent Review – The Secret Of Successful Binary Trading

BinaryCent Review - The Secret Of Successful Binary Trading

BinaryCent is a perfect offshore trading broker if you are looking for a new binary options broker. The broker is relatively new with multi trading types for both new and expert traders.

A proper research is necessary when it comes to select a perfect broker. BinartCent offers almost all things that you need to start trading. In addition, both desktop and mobile device is available for traders. 

Moreover, BinaryCent is managed and established by a group of people who are professional in the trading field. 

On the other hand, this broker also allows traders to perform binary options trading with the help of automated trading bot including BinBot Pro and CentoBot

Through our review, you will get to know a detailed information on this broker including demo account, account types, trading platform, and so on. 

Let’s see whether this broker is legit or a scam online. 

BinaryCent Review: What Is BinaryCent

High Capital Risk Is Involved In Financial Trading

BinaryCent is a broker which offers Forex, CFD, and options trading for traders. It is founded in 2016. The trading platform was developed and launched by a group of experienced investors.

The company is operated by Cent Projects Ltd., having its registered office at 309&310 Office, Albert Street Victoria, Mahe, Seychelles. It is a Licensed and registered broker in the Vanuatu Financial Services Commission.

Unfortunately, the broker does not provide any service on the USA territory. Moreover, the platform allows its traders to trade without downloading any software.

More than 100 of trading assets are there for you. Apart from these, you can enjoy trading bonuses depending on your deposit amount.

On the other hand, there are a variety of trading account types. You can select according to your trading investment capability and skills.

BinaryCent Features: Why Choose BinaryCent

BinaryCent is an international broker with diversifying asset options. You can consider it one of the best online trading platforms for binary options.

BinaryCent provides a lot of useful features along with many benefits to make the company unique. These are:

  • Offshore Regulated Broker
  • Demo account facility
  • Minimum deposit amount $250
  • Trades from 10 cents
  • Trading assets 150+
  • Maximum return up to 95%
  • Withdrawals in 1 hour
  • A wide range of deposit and withdrawal methods
  • 24/7 multilingual customer support
  • Weekend trading facility
  • 100% bonus
  • Risk-free trading
  • Leverage up to 1:100
  • Copy-trading facility 
  • 100% of data protection
  • Minimum spread 1.0 pip
  • Minimum Withdrawal $50

Sign-Up And Login Process

The registration process is simple for traders. It is free to open an account with BinaryCent. To complete your registration, traders need to go through some steps.

On the other hand, it is prohibited to open an account by using the same name and address. The company has the right to cancel registration if they find any double registration from same client. 

Not only the registration but also the team will cancel your opened position and withdrawal request. The account will be frozen until they finish their investigation.

On the other hand, you have to submit authentic documents with valid information. Because the company will communicate with the client by using that information.

Similarly, as a client, you have to guarantees that you are not less than 18 years and sane.

Now, follow the steps which we mentioned below to open a free account with BinaryCent.

Sign Up Or Registration Process:

  • First, click the “Signup” button after opening the main website of BinaryCent.
  • You will get a form where you have to put all the information like name, contact, e-mail, password, and account currency
  • You can also enter the “Promo Code” if you have any. However, the promo code is an option for traders
  • If you are not from the USA and agree with the terms and condition, then please tick the box
  • Finally, click the “Next” toggle to complete your registration

Login Process:

Just enter your registered e-mail address and password to log into the platform or trading dashboard.

High Capital Risk Is Involved In Financial Trading

Account Verification

Account Verification-Binoption

Traders have to follow some steps to verify their account. Firstly, go to the “settings” option. Then choose “personal data” from where you can upload valid and legal documents to verify account.

Choose your ID types from the list.

  • Passport
  • Personal ID

Document As Passport:

Please upload a copy of passport in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.

Then, click the “Sign the Agreement” button to sign and save it. It usually takes 1-2 working days to complete the verification.

Document As Personal ID:

Similar to the passport, please upload a copy of personal ID in a full layout, with borders clearly visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.

Moreover, upload the front side and backside of the Personal ID’s pictures and sign the agreement. It usually takes 1-2 working days to complete the verification.

Trading Account Types

CentoBot offers three types of trading accounts with various trading features. You can choose the most demanded services into packages. The minimum deposit starts from $250.

However, you can deposit a maximum of $50,000. So, the account types are:

  • Bronze
  • Silver
  • Gold

BRONZE

$ 250
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +20%
  • Demo account
  • Copy Trading Tool

SILVER

$ 1000
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +50%
  • Demo account
  • Copy Trading Tool
  • Master Class (web session)
  • First 3 risk-free trades
Popular

GOLD

$ 3000
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +100%
  • Demo account
  • Copy Trading Tool
  • Master Class (web session)
  • First 3 risk-free trades
  • Personal success manager

Among these three accounts, the most popular account is Silver. Note that in case of negative trading results, risk-free trades are compensated in the form of a trading bonus.

High Capital Risk Is Involved In Financial Trading

BinaryCent Demo Account

BinaryCent Demo-Binoption

BinaryCent offers a demo account for traders. A demo account is essential for any types of traders to know the platform and its functionality. On the other hand, expert traders mainly use a demo account to practice with a new strategy before implementing with a real account.

Apart from the risk, the practice account is similar to a real account.

Eventually, to receive a demo account access, you need to fund your trading account. After that contact customer support to get a demo account credentials.

High Capital Risk Is Involved In Financial Trading

Trading Platform Of BinaryCent

Trading Platform Of BinaryCent-Binoption

A trading platform is a place where traders trade by using different trading classes. You can easily place a trading order from BinaryCent platform.

The trading platform is quite organized. In the left side of the platform, you will find two separate trading types. One is Binary Option and another one is CFD/Forex. 

Additionally, under each trading type, you will find different trading classes like currencies, crypto, commodities, indices, and stock.

On the right side of the platform, you have to select a few things depending on the trading types. For binary options trading, traders need to select option types, time, and amount. 

At the same time, for Forex and CFD trading, traders have to select the only trading amount. Note that leverage ratio is fixed for traders depending on the asset’s class.

Apart from these, there is a charting tool, fundamental analysis, trade pattern ideas, news, technical analysis, and an economic calendar. To make a complete market or asset price analysis, you have to use these trading tools which we mentioned above.

Moreover, you can see two types of line. One is the yellow line which indicates purchase deadline and another one is white line which indicates expiration time. Traders can select whether a candle chart or a tick chart to see the display of the market movement.

On the other hand, from the trader contest option, you can see a leader-board with all information like ranking, trader’s name, total traders, and prize. Moreover, from the copy trading option, you can follow and copy the top 10 traders. 

The list will show you all information including the trader’s name, profit percentage, and trade size. You can follow a trader with a maximum trade size of $100.

Moreover, the sentiment analysis tool will help you to take decision when to buy and sell a trading asset. You can also see the status of your trading whether it is open, close, or pending. 

Similarly, you can check the trading history (previous trading) from the platform.

High Capital Risk Is Involved In Financial Trading

Trading Assets

BinaryCent offers two types of trading for traders. One is Binary Options and the other one is CFD/ Forex trading. There are more than 150 trading instruments are available to trade.

So, you can trade binary options on forex, commodities, cryptocurrency, and stock. Moreover, traders can trade CFD/Forex currencies, commodities, crypto, indices, and stock.

For binary options, traders can place a trade for 1 min to 30 min. However, you don’t need to set the trading time for CFD/Forex.

Here, the leverage ratio depends on the trading instruments. The maximum leverage ratio is 1:100. But for cryptocurrency, the leverage ratio is 1:3.

You can find payouts for different trading assets in the platform. The maximum payout percentage is 95%. Payout percentage means, if you open a trade with $100 of investment, then you will receive $185 payout after winning the trade. 

So, the investment amount is $100 and the profit is $85.

High Capital Risk Is Involved In Financial Trading

Trading Bonus

Trading Bonus-Binoption

For traders, BinaryCent offers trading bonuses which depend on the deposit amount. The bonus percentage starts from 20% to 100%. These bonuses are limited-time offers. On all CFD trades, bonuses are eligible.

Moreover, to maintain a trading position or to open a larger position, the bonus will give you an additional margin.  Remember, the profit and loss will always be related to trader’s net balance, not on the bonus amount.

If you deposit $250, then you will get a 20% bonus. So, the total trading deposit is 300. Similarly, for $500, the deposit percentage is 50% and for $3000, its 100%. Please note that the bonus will be paid in the base currency.

You cannot withdraw any bonus amount from your trading account.

High Capital Risk Is Involved In Financial Trading

Copy Trading

High Capital Risk Is Involved In Financial Trading

Those who don’t have previous experience in trading on financial market can copy the most successful traders.

To copy traders, you have to create an account with BinaryCent. Apart from the account creation, you have to fund your account with an initial deposit. The deposit amount depends on the account types.

From the main dashboard or trading window, you will find a list of top 10 successful traders. So, choose one or more successful traders, start copying and follow the results.

BinaryCent App - Mobile Trading

You can trade the financial market without sitting in front of your trading device. Now, trading is easier than before. Traders can trade from anywhere at any time via mobile trading.

You can download mobile trading app from Google play store or Apple’s App store.

You can trade all trading instruments via mobile trading app. So, you can fulfill your all basic trading functions from trading app. The only difficulty is that you have to trade on a smaller screen instead of a bigger screen.

High Capital Risk Is Involved In Financial Trading

BinaryCent Deposit Process

High Capital Risk Is Involved In Financial Trading

The deposit is easy for traders. You can deposit or fund your account via Visa/MasterCard, Bitcoin, Altcoin, Tether, and perfect money. 

Perhaps, there is not deposit fees for traders. But, if you want to deposit via Visa/MasterCard, the BinaryCent will charge 5% deposit fees. 

Enter your amount according to the account types. Along with the deposit amount, you have to enter card information like card number, expiry date, surname, and CVV2 number. 

Moreover, you can save card information for further usage.

Funding through a bitcoin will help you to get a 5% extra bonus. For completing this process, you have to create and fund your bitcoin Coinbase account.

Lastly, fund your account by scanning the QR code using Coinbase mobile app or directly from your Coinbase account.

Traders can also deposit the amount by using Altcoins. You will find a list from where you can select your desired coin and amount. Similar to the bitcoin account, traders have to open a Coinbase account.

Fund the account by using Tether. Choose the type of Tether from the list. You will find two types. One is Tether (Omni) and another is Tether (Erc20).

If you want to fund your account via perfect money, then you just need to give your e-mail address and the amount that you want to deposit.

BinaryCent Withdrawal Process

High Capital Risk Is Involved In Financial Trading

Now, you can withdraw your profits via Bitcoin, Ethereum, Altcoins, and Perfect Money. It is important to choose the same methods that you have to choose during deposit your account. 

The minimum withdrawal is $50. Moreover, a withdrawal request will accept within 1 hour. However, during public holidays and weekends, funding time may be delayed.

But, before accepting the request, BinaryCent will ask for a proof of identity and address of the requester. Moreover, the fees will be applied based on the account types and the withdrawal method. 

Note that BinaryCent doesn’t process withdrawal requests to e-wallets, bank and credit card accounts, not belonging to a trading account owner.

Especially from BinaryCent, it is recommended to withdraw your profit via Bitcoin. Because Bitcoin provides the fastest withdrawal with zero commission.

Concurrently, you have to make at least one trading deposit by using Ethereum, Altcoin, and Perfect Money, if you want to withdraw funds via selected methods.

Customer Support

The customer support team is dedicated. You can contact the team via live chat option and also can select language from the list.

At the same time, you can also contact them via customer support phone numbers. You will find those number from their website.

Lastly, you can send them a message by filling a form with your name, e-mail, and phone number. The support team will contact you.  

Trading Advantages

BinaryCent Trading Advantages-Binoption

People choose this broker after seeing many advantages. These offers are really unique and makes this platform different from other platforms.

  • They give guarantee that the withdrawal process will complete within 1 hour
  • You can continue trading over weekends without stopping it.
  • Trading via this broker is 100% secure and your data will be full protected
  • For new traders, there is an opportunity to trade under experienced trader’s guideline
  • Dedicated customer support 24/7 with 6 different languages
  • More than 10 000 daily processed transactions

High Capital Risk Is Involved In Financial Trading

Disadvatages

Disadvantages-Binoption

BinaryCent is an offshore broker. As per the broker, they are regulated and a part of a Finance Group Corporation. However, the regulatory body is not famous. 

We could not find a detailed overview about their regulation from the main website.

On the other hand, there is no clear view on trading awards. Moreover, there is no educational material that can help new traders to learn more about trading. 

BinaryCent does not offer free demo account for traders. You have to open a live account first. After that you can apply for a demo account.

The last drawback is that the broker requires comparatively very high initial deposit. By comparison, you can start trading with IQ Option, Binary.com, Binomo, Olymp trade, Expert Option etc. by depositing just $10.

Final Words

Finally, it is the perfect way to sum up this broker review. BinaryCent is a fairly new broker. This is a broker that offers a wide range of trading instruments.

However, there are also some features that makes this broker unique. We strongly believe that this is the place where you will find everything what you have been looking for.

So, it’s better to open an account with them and start trading.

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