Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Binary.com is a binary options broker coming from a long tradition of online gaming and trading websites. The expertise collected throughout all the years is reflected in Binary.com trading platform which offers one of the most unique products around. In our Binary.com review, we will also present other specific features that make this binary options broker so popular, and show why thousands of people chose this binary options platform to trade with. Read more below, in Fair Binary Options Binary.com review.
As already mentioned in the intro to Binary.com review, main feature of this broker comes from its super versatile, proprietary binary options trading platform. Their product range is somewhat different from the usual set of binary options seen on your typical broker trading interface. However, we feel the products belong to the next section, that is why we invite you to read the rest of our review to see which kind of products are offered.
The website has another great feature that is not implemented as part of the binary options trading interface but it is crucial while trading. During the Binary.com review, we loved the charting section which offers several excellent views of the preferred quotes as graphs. There is a realtime graph, a candlesticks graph and interactive Java(R) run charting software that lets users run various technical tools over the price quotes and determine the possible range of price moves. This is truly useful input to trading as we learnt during the Binary.com review. Even platforms that tout good graphing, didn’t bring the analysis tools to this level.
Binary.com also offers educational opportunities on their website. During the time we were preparing the Binary.com review, we took part in a webinar offered by the website. This is a great way to improve one’s knowledge and trading skills. With Binary.com, users can see directly on the website when the webinars are taking place.
Binary com Trading Options
As noted in the introduction, the trading interface of Binary.com is proprietary and offers unseen range of different products and underlying assets. Users can use the additional charting features of the website to analyze the pricing possibilities for each option before selling or buying. This means that users draw the technical prowess from the website while enjoying a wide range of trading opportunities.
There are five basic types of binary options offered with Binary.com. Users choose between Rise/Fall, where the bet is about the direction of the security related to the starting price; Higher/Lower binary options where traders aim to see if the price will end lower or higher than a price target; Touch/No touch options are the traditional OneTouch binary options and Boundary options. Users also have Stays In/Out or Ends In/Out binary options at their disposal.These are advanced Range options. Tick Trades are super fast short term trades we used the most during the Binary.com review.
Recently, Binary.com also introduced the flexible Asian & Digits running on the Random idea. Actually here one doesn’t count the pips but rather bets on the last digit on the expiry time. While this is interesting, it shows the influences of gaming industry with Binary.com. There is also the Sell Option function enabling users to reduce risks by exiting position before expiry. We didn’t test this one while writing the Binary.com review, but since it is becoming a standard feature with most of the brokers, we are confident it is very useful.
As our readers can read in our Binary.com review, the opportunities seem endless. All these options have two possible positions and the platform offers both positions transparently on the side. Performance can be compared and users can then decide. The platform is in essence very simple, but the advanced charting tools make it powerful for advanced traders, while the tools won’t get in a way of newcomers who may not have all the knowledge yet. For them, Binary.com has also set up a possibility of a demo/virtual account, which is a great feature we decided to skip during the Binary.com review since we wanted to focus on the banking too.
Binary.com offers plenty of assets to trade. There are five commodities, but more can be found as indexes in the Sectors sections, which is another innovation. In addition to that, there are also some mart forex pairs. In our Binary.com review, we managed to trade only a portion of these, but nonetheless, the choice is huge!
Binary.com Auto Trading
The new BinaryBot is created for traders who are interested in automated trading and creating their own binary options trading robots. Binary.com BinaryBot review will provide traders with valuable insight into all features available with this auto trading software.
How to use BinaryBot?
BinaryBot by Binary.com is based on jigsaws that we all played with as kids. Instead of creating a picture, traders are creating their own perfect auto trading robot. All they have to do is simply use the ‘drag’n’drop’ technique with their mouse.
Depending on the approach, the robot can be more or less complicated. Binary.com Binary Bot review showed how this auto trading software can be interesting for both beginners and advanced traders. Traders who believe they created a good auto trading robot can also sell it in Binary.com and get 80% of the sales revenue. This motivates traders to be more innovative and precise while building their BinaryBot.
Binary.com BinaryBot Features
Once the traders enter the building interface they will find a menu on the left side that is showing important categories in building the Binary.com BinaryBot. In the moment of writing this review, there were several categories:
Every category offers several customization auto trading solutions. Traders can create their own loops, conditions, define variables, and in the end, create a good and reliable robot for automated trading. In order to finish Binary.com BinaryBot, traders have to:
Define the contract
Define things to do before the contract is made
Define things to do while trading is in progress
Define things to do after the trading is finished
All robots can also be saved in XML file and edited later, so traders don’t have to rush
Binary.com BinaryBot Price
The great news is that Binary.com BinaryBot is completely free of charge. Traders can build any robot they like, but in order to use it or sell it, they have to be Binary.com clients. Also, this robot can be used only for trading on Binary.com and not with other brokers which can be a bit limiting from trader’s point of view.
Binary.com doesn’t only offer operational and technical support but also arranges ways to help their customers with gaming problems. The customer service can be reached, for any issue, via live chat, email, phone and call-back system. There are numbers for Asian and European customers which have different working hours. Whenever we needed the support for the Binary.com review, it wasn’t hard getting in touch. There are also direct lines and a line for people needing support about trading problems. Users may be drawn to binary options and other forms of online trading as an advanced form of gaming, not understanding the risks. The company also cooperates with GamCare, an organization supporting people recovering from addiction.
All issues regarding trading and account are resolved swiftly and generally the customer support is very well trained. Through our Binary.com review, we were pleased to experience such a swift help desk since it was crucial for us to try all aspects of trading. We liked the callback service that is something other brokers should implement too and were happy to test it as the part of the Binary.com review.
The products offered on the Binary.com website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on the website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved.
They have numerous withdrawal methods and usually, the minimum amount is the same as the minimum deposit which by the way, can be as low as $10 (even $5 for some deposit methods). The fee for withdrawal depends a lot on the method you choose and since they have many ways of withdrawing, we recommend you to have a talk with one of their representatives. Some of their withdrawal methods include Skrill, WebMoney, Neteller, or Credit/Debit card. Binary.com processes a withdrawal usually within 24 working hours but the time needed for the money to appear in your account can be longer. They also mention a 5 working days processing time in another part of their website so maybe it’s safer to assume that 5 days is the real-time even though during our Binary.com review we experienced very fast processing of requests.
Banking with Binary.com is simple and hassle-free since the services are varied, utilizing a range of different deposit and withdrawal options that range from credit cards to net wallets. Fees are low and requirements of deposits are low when compared to the rest of the industry.
Users can use credit cards like Visa and MasterCard. Deposits are instantaneous and withdrawals take 3 days to arrive. The minimum deposit is only $10. Bank wire can also be used and the minimum amount for deposit starts from $10, $25 and $100. With net wallets, there are many services, like Neteller, Jeton, SticPay, Perfect Money, Skrill, and others. Minimum deposit requirement starts at $5!
Not all services support all currencies for the trading account. Bank wire is somewhat slower than others and charges $25 fee. Processing takes 3-5 days. While doing Binary.com review, we immediately tried depositing the lowest amount since it is rare in binary options, but later we deposited the bigger amounts so one can trade uninterrupted.
The company behind the broker is Regent Markets in Malta. We hope readers found our Binary.com review useful and invite them to give this broker a try.
Disclaimer: CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters.
The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website.
In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.
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