The primary aspect that makes this broker stand out from the rest is its low minimum deposit, currently just $10, and minimum trade size, at just $0.10. Seeing as the industry standard is $250 for minimum deposit amounts and $1 for minimum trade size, we were quite impressed with these figures.
Moreover, when trading binary options with BinaryCent, trades are set in cents rather than dollars.
BinaryCent offers all traders a first deposit bonus which varies according to the deposit amount; the bonus ranges from 20% (deposit of $10) to 100% (deposit of $300+). However, all bonuses come with wagering requirements of x20, before any funds can be withdrawn.
Moreover, there are 3 account types to choose from each with different minimum deposit requirements and additional benefits to higher account types:
- Bronze Account – 20% bonus, withdrawals within 1 hour
- Silver Account – $100 minimum deposit, 50% bonus, master class web session, first 3 risk-free trades
- Gold Account – $300, minimum deposit,100% bonus, Swiss prepaid card, personal success manager
BinaryCent also runs weekly contests which all traders are automatically signed up for. The top 4 winners can expect cash prizes of up to $2000 while other non-monetary prizes are also up for grabs.
