This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
Did Binary.com receive any complaints?
Binary.com is a popular broker among binary traders, so many potential traders wonder: are there any reports on Binary.com complaints? FBO hasn’t received any complaints on this broker’s behavior in the past few years.
We at FBO always recommend trading with regulated brokers who must obligate strict sets of rules and laws. The good news is that Binary.com is regulated by MGA (Malta Gaming Authority), and Gambling Supervision Commission in the Isle of Man. This gives traders additional security when it comes to trading, as they can count on a government body to help them in case anything goes wrong. Regulated is always a good sign trader is dealing with a serious broker.
Binary.com has always conducted its business in a very transparent way and is in no way related to internet scams lurking around. This broker is the proud owner of FBO Secure Binary Broker Certificate that is awarded by the FBO only to the most reliable and trustworthy brokers in the industry. It is valid only for a limited period of time, so traders must provide continuous good service to the traders. This is just another proof of Binary.com’s excellency.
Is Binary.com a Scam?
Is Binary.com a scam? No. It will be highly unfair of traders and reviewers to label Binary.com as a scam company. With a large number of brokers dealing today in binary options that are available online, it is normal for traders to be cautious concerning scams. It was launched over fourteen years ago and has been a financial betting website, historically.
Since that time, it has been able to modify its product range many times. It offers a variety of options in binary trading. Binary.com is owned by the Regent Markets Group. It was previously known as the Fixed Odds Group and BetonMarkets. It has had considerable success since its inception and has been a favourite among online traders who love to gamble. People have been asking questions about a Binary.com scam.
After reading several reviews and feedback from the traders, who use this site, on numerous forums, it can be concluded that Binary.com is not a scam firm. So far, no trader has reported any damaging negative experiences with Binary.com. There is no record of any complaints or alerts against Binary.com scams. Binary.com can be recommended confidently to binary options traders. However, it is important that traders choose the binary options broker after exercising due caution as hundreds of financial scams are taking place online with every passing day.
There is no reason for any undue concern when trading with Binary.com as they are considered among traders to be one of the best in the business of binary options trading. Before you sign up with them, it is better that you understand their services fully and learn about their offers on their trading platform. The trading platform of Binary.com is designed not only for the experienced traders but also for the beginners who do not have any prior trading skills. All traders gain access to a demo account with virtual money when they make a minimum deposit on the Binary.com trading platform.
This demonstration trading practice will allow the traders to learn a few things about the platform before they start trading with real money. The trading platform of Binary.com has achieved success because of its powerful foundation and its strength in numerous types of markets. Binary.com is not a scam because it offers a credible and safe trading experience to all binary options traders with the help of its skilful team. Today, Binary.com is one of the preferred platforms for trading for both the beginners and novices and the professional traders. Their effective services have attracted many traders to this firm.
In the United States, there is much confusion about the legality concerning trading of binary options. This confusion is mostly attributed to the growth in the off-shore platforms of binary options and the OTC contracts or off-exchange which is offered. Binary.com USA is a question mark; not so much for the legality issue but about being listed on an authentic exchange in the United States of America. The legislation is more on whether brokers and firms are regulated or properly registered to provide these types of trading contracts to residents of USA.
The off-shore brokers also cannot trade with the residents and retail customers in the United States of America. The law prohibits solicitation of residents in USA to trade in commodity options even if they are labelled as p5rediction contracts unless they are specifically listed for the purpose of trading on a CFTC registered exchange or when legally exempt.
Binary trading is a simple option which has a fixed payout that is generally determined at the very beginning of the trade itself. If the estimation or the prediction is correct, the trader will get a payout that will be agreed upon. If the prediction is not correct, the trader loses the initial stake. These options are labelled as binary because there are only two possible outcomes – either correct or wrong.
This kind of trading is flexible because traders can execute trades in all types of markets ranging from currencies to stocks and from commodities to indices. They can take advantage of all market conditions such as stays in/goes out, touch/no-touch and up/down. Payouts will vary from one dollar to hundred thousand dollars. It is perfect for both professionals and individual beginners.
Banks and professional investors would prefer to trade in binary options among these over-the-counter markets which are derivative in nature. Traders in USA will find themselves left out as many professionals in the trading market would like to use the binary.com platform for its flexible trades with high volumes.
This firm was previously known as BetOnMarkets.com and it was owned and managed by Binary Ltd. It is licensed and regulated in the Isle of Man. Binary.com has been offering financial trading opportunities to a global audience. It has over three hundred thousand clients, built up over the last fifteen years.
It is now expanding its services by offering a vast range of Smart Indices by launching the Outperformance Indices. These indices measure the performance of an index in relation with another. The indices will amount to ratios of spot pricing of all underlying markets multiplied by the figure of thousand.
Is Binary.com Regulated?
Binary.com is regulated by the Malta Gaming Authority and the Gambling Supervision Commission in the Isle of Man. Its online gambling license was granted in August 2012. It was previously known as BetonMarkets. Binary.com conducts its operations in a transparent way under the supervision of the gambling regulatory authority body.
This indicates that everything about Binary.com is legitimate. It is also a part of the Regent Markets Group. The platform that is used by Binary.com is its own and it offers some great features to the traders that are considered innovative in the binary options trading industry. The attractive features are the asset classes, expiry times and the betting amounts.
This platform can also be used conveniently by novice traders who find its features spontaneous to handle. Binary.com’s regulated trading platform offers plenty of bonus features to the experienced traders such as the technical indicators and its variety of charts. These charts will offer the traders probabilities to do appropriate technical analysis.
Binary.com is also known for providing one of the fastest expiry times in the binary options trading market. Binary.com’s regulated trading platform offers the traders a `Tick Trade’ where they can predict if the market is going to go either up or down after five ticks. This means that they are trading with a ten-second expiry; it is that fast. If traders are looking for some quick bets, binary.com would be their cup of tea.
It is a perfect training ground for beginners. Its website offers tutorials and explanations about the basics in binary options trading. So, traders need not be concerned as Binary.com is regulated and licensed. The only hitch for residents of the United States of America is that they cannot trade on this website. It is a website which is very popular all over the world as it requires only one Dollar/GBP/Euro to start an account with a minimum deposit. Regulation is a great way of warranting the safety of the trader’s funds and giving them the much-needed peace of mind of knowing that their hard earned money and their funds are safe with their broker.
The financial market is mostly an Over the Counter market and while it becomes tough to subject brokers to a rigid set of a regulatory framework, the financial regulations are crucial for the protection of the funds of the investor while they are in the custody of the brokers. Binary.com strives to safeguard the security of the funds of its investors. It is also making sure that its operations are accountable to a fiduciary regulation by following the prescribed standards established by the regulatory bodies in the financial market.
Binary.com Mobile Trading
Binary.com mobile application for trading is not directly offered yet.
However, they have developed a mobile application in conjunction with Phonegap. This is open-sourced as a client application on Github. Binary.com is a dynamic supporter of the open-source movement. It is also involved in open-sourcing several codebase components.
Binary.com mobile trading, whenever it will be offered directly, will be simple to use and it will deliver fast results. It will cover all the options and it can be accessed anywhere. The traders can use it on the go and they can access the accounts and execute trades from anywhere. They will also be able to follow the markets and keep an eye on the open options.
There are several platforms for binary options that have already been optimized for the use of mobiles. There are native apps that are known to every Android and iOS user. They are Web-Apps which work directly in smart phone browsers and they will work independently of the operating systems. These Web-Apps have become very popular and many binary options traders are offering such platforms to make it easy for people to trade, using their mobile smartphones.
The development of potent smartphones has made this transition from home-based personal computers to mobile binary trading much easier and it has also give food for thought to Binary.com mobile trading possibilities in the future. Today, many smartphones have taken on similar capabilities as those of laptops. Traders are not only able to monitor the positions from wherever they are but they are also able to take on new opportunities, regardless of their location and without the requirement of a Wi-Fi support or without fixed internet connectivity. Most binary options brokers have recognized that this is a great benefit to their clients and they are thinking in terms of investing in mobile platforms that are high-tech so that they could provide Web-Apps.
Binary options are simple enough to trade with and there are not many requirements as afar as a mobile platform is concerned. They can be traded easily with the smartphones. Traders do not require many functions as in the case of Contracts for Differences and Forex trading. All they need is charts and some details about the options they select such as expiry timings, assets and payouts. Buttons are provided with an interface to enter the amounts the traders want to trade with. Trading in binary options with a mobile is not so difficult, regardless of whether it is an Android smart phone, an iPhone or an iPad.
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.