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Formerly known as BetonMarkets.com, Binary.com stands as one of the most popular binary options trading platforms today. Continue reading the article below to gain deeper insights into the Binary options trading platform.
Is Binary Trading Platform Trustworthy?
Review of Binary Trading Platform
With offices in Malta, Malaysia, and Japan, the company currently boasts over 1 million global customer accounts, processing 15 transactions/second. Binary.com supports 12 different languages, including English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian, and Russian.
The Binary.com trading platform is designed to be simple, flexible, reliable, and highly secure.
1. Types of Accounts
- Account Types on Binary.com
Unlike many other trading platforms, Binary.com doesn't offer a list of accounts for traders to choose from. In fact, Binary.com only provides a virtual account (demo account) and a real account.
- Virtual Account (Demo Account):
When accessing the website on a computer or mobile device, customers are encouraged to open a virtual or demo account. Follow the on-screen instructions to create a virtual account, and traders will be prompted to enter a verification code sent to their email address to complete the process.
- Real Account:
After mastering the trading platform, traders can open a real account with a minimum deposit of just 5 USD, lower than some platforms requiring 250 USD. The steps to open a real account are straightforward and take a reasonable amount of time.
Trading and Payment Methods
The percentage of payouts varies in real-time for all types of transactions. Unlike other trading platforms, Binary.com can offer up to 85% profit for buy/sell trades on the platform. With a successful trade, traders can earn profits ranging from 85 to 86%. The minimum trade amount is 5 USD.
Binary.Com platform offers various types of trades, including:
- Call / Put Option: This trade type has 2 options: Rise / Fall or High / Low. Predict whether the asset will increase or decrease within the specified time frame.
- Touch / No Touch Option: With significantly higher profits, around 1,000%, it's challenging to accurately predict when the price will return to the initial level after real-time changes.
- In / Out Option: This trade type has 2 options: Ends In / Out or Stays In / Goes Out, with profits around 1000%.
2. Bonuses and Promotional Programs
Binary.com offers a bonus of 20 USD for customers with a deposit of 5 USD.
3. Mobile Trading Platform
Apart from the web platform, the 2018 Binary trading platform review is highly convenient as it provides mobile trading platforms. Opening an account from any mobile device website may sometimes be challenging, but registering on Binary.com is straightforward and easy.
The advantage of the mobile trading platform is its user-friendly interface. At the top right corner of the screen, a menu allows customers to easily switch between accounts, clearly distinguishing between virtual (demo) and real accounts.
4. Deposit and Withdrawal
According to Binary platform reviews, customers have various methods to deposit funds into their Binary.com trading accounts, including credit cards, debit cards, Visa, Mastercard, Union Pay, bank transfers, Skrill, or OK Pay. As mentioned earlier, the minimum deposit is 5 USD, and once funded, customers can start trading immediately.
Withdrawals on Binary.com also follow similar methods as deposits. If deposited via credit card, the withdrawal amount will be sent to the same card. After initiating a withdrawal, a verification token will be sent to the customer's email address for security, and the process takes 1 - 5 business days. The processing time entirely depends on the customer's use of bank transfer, credit card, or debit card methods, ... .
5. Other Special Features
One of the outstanding features on the Binary.com trading platform is the calculation of fixed odds. The platform allows traders to set trade prices and explains the profit potential for the trader.
Moreover, the trading platform only requires a minimum deposit of 5 USD to open an account, while some other platforms demand higher deposits.
The Binary 2018 platform review introduced by Mytour hopes to provide you with useful information about this binary options trading platform. Furthermore, you can explore comprehensive details about IC Markets trading platform to learn more about other trading platforms.
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