Binary.com Review

UPDATE: Binary.com will be having an ICO or Initial Coin Offering which is a fundraising method that is similar to an IPO but rather than shares, you will be issued with cryptocurrency tokens. As a tokenholder, you will have exclusive rights to receive dividend payments or convert them into shares. Selling of tokens will start on November 15, 2017.

Binary.com runs its own platform with a redefined system where you can customize your trades based on your own preferences. Does it make the binary options trading experience better? Let’s dig in further to find out:

Advantages
1. Over 100 assets
2. $5 minimum deposit
3. Variety of payment methods supported including cryptocurrencies
4. 1-day withdrawal processing time
5. Customizable payouts up to $50,000
Disadvantages
1. Trading system a little different from the basic binary options

 

Read the Bottom Line! 
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(5/5)

Minimum Deposit

They allow a minimum initial deposit of $5 which is competitively lower than the standard $250 minimum requirement.

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)

 

(4/5)

Design and Layout

The platform design was simple and doesn’t have any flashy features. You won’t have any problems navigating through the site because the system is well-organized.

Binary.com Design and Layout

(5/5)

Banking Methods

Account funding is possible using common payment methods like Bank Wire/Money transfer, credit/debit card brands (Visa, MasterCard and UnionPay) and E-Cash payment (OKPay, fasapay, Perfect Money, Skrill, Neteller, Moneta.ru, WebMoney, QIWI and PaySafe card). They also accept banking via cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

(5/5)

Minimum Trade

The standard minimum investment in the market is $25 but with Binary.com you can place as low as $1.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)

 

(5/5)

Available Assets

You’ll never miss out a trading opportunity on any currency, stock, index or commodity because they have over 100 assets and this is significantly higher than the average mean of 76.

Binary.com available assets

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)

 

(9/10)

Trading Platform

They use an in-house platform that has a very unique trading system. You will be able to choose a payout from $1 to $50,000 on any asset that they offer and configure the duration and strike based on your own preferences.

Binary.com Trading Platform

(10/10)

Quotes

The quotes that are show on their platform is synchronized with the real-time market prices and if ever there were some lags, it doesn’t go beyond 20 minutes.

(10/10)

Payout Rate

The maximum payout for simple Up/Down contracts is above 100%, one of the highest in the market. What’s more, returns for Touch/No-Touch trades are above 1,000%!

Binary.com Payout Rate

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)

 

(10/10)

Withdrawal Processing Time

When it comes to withdrawals they have improved the processing time from 5 working days to just 1 working day. This is much faster than the standard waiting time of 10 days which most brokers are able to achieve.

Binary.com Withdrawal Processing Time

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)

 

(9/10)

Customer Service

Their customer service department is reachable via phone and email. The only minor downside is that they don’t have live chat support but overall, we were highly satisfied with their quick responses and support quality.

Binary.com customer service

(10/10)

Regulation

Binary.com is licensed and regulated by the Isle of Man Gambling Supervision Commission, the UK Gambling Commission, the Malta Financial Services Authority and the Malta Gaming Authority. This basically means that they are following strict regulatory rules and conditions.

Binary.com regulation

(12/15)

Brand Reputation

Based on the majority of user reviews and feedbacks we looked at, many of their clients from various countries including Portugal, India, Nepal, Bangladesh, China, Vietnam, Thailand, Philippines and Nigeria were highly satisfied with their services. Most of them are pertaining to the high payout rates, good customer service and ease of trading.

Our Verdict (94/100)

Binary.com has overhauled binary options trading and reinvented it with a more profitable system by allowing their clients to put their strategy to work and turn them into good investment returns. The favorable trading conditions, great support and brand reliability are just some of its many great advantages.

Visit Binary.com! ►

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