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In our previous article, Mytour provided some information, reviewing the Binary trading platform in 2018. Recently, Mytour has received many questions about whether Binary is a scam or not. Therefore, in the following article, Tamienphi.vn will address this question.
Is Binary a Scam or a Fraud?
Established in 2009, Binary.com is a binary options trading platform owned by Regent Markets Group and licensed to operate legally in Isle of Man and Malta. It was previously known as BetOnMarkets.com.
Although Binary.com is licensed to operate, the fact that it is not licensed by regulatory authorities has raised concerns among many traders. On some forums, users have given negative reviews about the trading platform, with some even claiming that Binary.com is a scam.
Depositing and Withdrawing Funds on Binary.com
Binary.com supports various withdrawal methods, allowing traders to withdraw a minimum amount equal to their deposit, which can be as low as 10 USD or even 5 USD. Withdrawal fees are determined based on the chosen withdrawal method.
Binary.com offers various withdrawal methods including Liberty Reserve, WebMoney, Skrill, UKash, or credit/debit cards. The trading platform processes withdrawal requests within 24 hours, but it may take 3 - 5 days for traders to receive their withdrawn funds.
Many traders have reported encountering issues when withdrawing funds from Binary.com.
Binary.com Trading Platform
Initially known as BetOnMarkets, Binary.com is one of the leading providers of fixed-odds trading. The company claims to offer a unique trading platform among traders, along with providing CFD contract trading in the market.
The Binary.com trading platform is straightforward, with transparent transactions. Moreover, the platform supports a diverse range of trading assets, including all major and minor forex currency pairs, over 20 indices, 50 stocks, commodities (such as gold, silver, oil), and Random assets with prices generated automatically, independent of external economic factors.
Traders can engage in Rise/Fall contracts across various market segments, including the Global Infrastructure Index, Global REIT Index, Sugar Index, Coffee Index, and Aerospace Index.
So, this article addresses whether Binary is a scam or not. Despite some negative reviews, it's not definitive. Additionally, Binary.com is legally licensed in numerous countries worldwide, offering traders a variety of useful trading features and tools.
For more detailed information about this binary options trading platform, readers can refer to Mytour's 2018 Binary trading platform review, or explore other trading platforms such as IC Markets: Scam or Legit? on Mytour.
