BinaryCent Review – The Secret Of Successful Binary Trading

Last Updated: June 14th, 2021
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
Home» Binary Options Brokers » BinaryCent Review – The Secret Of Successful Binary Trading

BinaryCent Review 2021- The Secret Of Successful Binary Trading, Forex, & CFD

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.

Proper research is necessary when it comes to select a perfect broker. BinartCent offers almost all the 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 professionals in the trading field. 

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

Through our review, you will get to know detailed information on this broker, including a 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 was founded in 2016. A group of experienced investors developed and launched the trading platform.

Cent Projects LTD operates the company, 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 trading instruments 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.

Summer Special Offer For BinaryCent Traders

Are you planning something big for this summer? 

Binoption offers a “summer special code” for new and existing clients that deposits $1000 or more. To receive this special offer, hold a real Binarycent trading account.

We mentioned the code below inside a box. Besides, the following special offer is available around the world.  

Fund your trading account with $1000 or more and instantly receive a 200% deposit bonus. The offer is available until the end of summer!

Binarycent - BC200

How To Receive The Bonus Offer

The bonus is automatically available for all clients who deposit $1000 or more into their funding accounts. 

Through this special offer, we are giving you the ability to trade with even more power and more confidence.

  • Copy the bonus code
  • Go to the Account funding page
  • Enter the special bonus offering code and get your bonus!

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 using the same name and address. The company has the right to cancel registration if they find any double registration from the same client. 

Not only the registration but also the team will cancel your opened position and withdrawal request. The account will be frozen until the team finishes the 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 conditions, 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 accounts. First, go to the “settings” option. Then choose “personal data” from where you can upload valid documents to verify your account.

Choose your ID types from the list.

  • Passport
  • Personal ID

Document As Passport:

Please upload a copy of your passport in a complete layout, with borders 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:

Like the passport, please upload a copy of your personal ID in a complete layout, clearly visible borders. 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

BinaryCent offers three types of trading accounts with various trading features. You can choose the most demanded services in different packages. The minimum deposit starts at $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

High Capital Risk Is Involved In Financial Trading

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

BinaryCent Demo Account

BinaryCent offers a demo account for traders. A demo account is essential for any trader to know the platform and its functionality. On the other hand, expert traders mainly use a demo account to practice 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 demo account access, you need to fund your trading account. After that, contact customer support to get 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 different trading classes. The trading platform is quite organized. On the left side of the platform, you will find two separate trading types. One is Binary Options, and another one is CFD/Forex. 

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

From the right side of the platform, you can select a few things depending on your trading choice. 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 with a fixed leverage ratio.

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, use these trading tools which we mentioned above.

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

On the other hand, you can see a leaderboard with all information like ranking, trader’s name, total traders, and position from the trader contest. 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 decide when to buy and sell a trading asset. You can also see your trading status, 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. In addition, 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. For example, the maximum leverage ratio is 1:100. But for cryptocurrency, the leverage ratio is 1:3.

You can find payouts for different trading assets on the platform. The maximum payout percentage is 95%. For example, payout percentage means if you open a trade with $100 of investment, then you will receive a $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 that 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 open a more prominent position, the bonus will give you an additional margin. Remember, the profit and loss will always be related to the trader’s net balance, not 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, it’s 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

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

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

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

BinaryCent App - Mobile Trading

Trade the financial market without sitting in front of your trading device. Now trading is more manageable than before. Traders can trade from anywhere via mobile trading.

You can download the mobile trading app from the Google play store. So, you can place trades via a mobile trading app.

On the other hand, you will need to confirm your mobile number before using the app. Somehow, this can be seen as a downside for some people, but it keeps your funds and information secure.

So, you can fulfill all your essential trading functions from the 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

Deposit or fund your account via Visa/MasterCard, Bitcoin, Altcoin, Tether, and perfect money. The process is quite easier for any trader. 

Perhaps, there are no deposit fees for traders. But, if you want to deposit via Visa/MasterCard, the BinaryCent will charge 5% deposit fees. 

1. Visa/Mastercard

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

Moreover, you can save card information for further usage.

2. Bitcoin

Funding through bitcoin will help you to get a 5% 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 the Coinbase mobile app or directly from your Coinbase account.

3. Altcoins

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. 

4. Tether

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).

5. Perfect Money

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

BinaryCent Withdrawal Process

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

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 proof of identity and the 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 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 the live chat option and also can select languages from the list.

At the same time, you can also contact them via customer support phone numbers. You will find those numbers on 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 unique and make this platform different from other platforms.

  • They give a 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 fully protected.
  • For new traders, there is an opportunity to trade under experienced trader’s guidelines.
  • Dedicated customer support 24/7 in six different languages.
  • Over 10000 daily processed transactions.

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 of their regulation on 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 a 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 a 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, we are about to end. The last words are going to be more pleasant, and truly, BinaryCent is a trusted broker. However, the platform is relatively new compared to the popular trading platforms.

But the broker offers a wide range of trading instruments with other exclusive features. We strongly believe that it is where you will find everything you have been looking for.

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

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