18 Jun 2021

admin

Overall score: 87

Official Site

Available in Colombia?

Yes

Average Spread for EUR/USD

N/A

Founded in

1999

Maximum leverage

1:500

Regulation

VFSC, FSC, FSA

Platforms

MetaTrader 4, MetaTrader 5

Minimum deposit

5$

Instruments

Forex, Cryptocurrencies, Metals, Commodities, Indices, Volatility Indices

It began its operations in 1999 and over the years has become a unot one of the most reputable brokers of the binary trading industry. Binary processes around 20 transactions per second and is available 24/7, even on weekends.

Today, thanks to technological advances, the world of financial investments is growing rapidly. Such advancement not only allows access to information, but also to the possibilities of obtaining short-term gains.

Binary options are still trending despite their high risk. That's why today we're taking a tour of Binary.com; a select and renowned platform where you can trade with confidence.

Before we get started, we'll give you some useful technical details to get you started trading with Binary.com:

  • It was founded in 1999.
  • The minimum deposit is 5 USD.
  • There is no deposit limit, i.e. you can deposit as much money as you like into your account.
  • The minimum investment amount is 1 USD.
  • You can invest a maximum of 1,000 USD.
  • Withdrawals take from a few minutes to 3 business days, depending on the payment method.
  • Binary.com offers you different payment methods, including: Mastercard, Visa, some cryptocurrencies and even Baloto, Efecty and Colombian bank accounts (via Skrill and NETELLER).
  • Regulated by: FCA, FSC, FC, VFSC.
  • The maximum leverage is 1:1000.

The website is responsive, so you can trade from any mobile device. This broker also has apps.

The platform is published in different languages such as SpanishEnglish, French, Portuguese, among others. That means you won't have any problems navigating the interface.

However, this broker is not available in some countries. Some restricted territories on Binary.com are: Afghanistan, Bosnia and Herzegovina, Costa Rica, Guyana, Hong Kong, Iran, Iraq, Lao People's Democratic Republic, Malaysia, Malta, North Korea, Syria, Uganda, United States, Vanuatu and Yemen.

Before opening an account at Binary.com you should be clear about a few conditions:

  1. To access Binary.com you must be at least 18 years old.
  2. You must show your citizenship card to validate your identity. You can also show your passport or driver's license.
  3. You must present a utility bill or bank statement to validate your address.
  4. You must agree to the various terms and conditions when you register.

In which environments can I trade binary options?

In the trading platform you can trade in two different environments: one from demonstration and another in a real account.

Before choosing an environment you have to complete a simple and free registration process. When you start you will find a window that looks like this:

binary_com_plaforma

As you can see, you only need an email address and a password. Once you register you will be able to enjoy both environments.

Now, let's take a look at the main features of the available environments:

Demo account

In this simple environment you have 10,000 USD virtual credit for you to practice your trading without any time limit. The idea behind the demo account is to familiarize yourself with the markets without putting your money at risk.

The demo version of Binary.com allows you to use helpful tools, such as TradingView, SmartCharts and the economic calendar. That way, you can gain as much experience as possible before entering the real environment.

The demo environment also has help in case you are not clear about some processes, such as basic information to get started and an online chat to solve all your doubts.

To learn more about the demo environment of the platform we leave you this video:

https://www.youtube.com/watch?v=6Nh-0Y9oSGo

Real Account

Switching from the demo environment to the real one is quite simple. To do so, you just need to complete a few additional steps:

  1. Verify the account: you must fill out a form with your personal and contact information. In addition, you must send photos of an identity document and a receipt with your address for legal checks.
  2. Make a minimum deposit: You can do it in different currencies such as USD, EUR, AUD and GBP. In case you have cryptocurrencies, you can use them to make the payment.

Once you complete the registration and data validation process, you can log in to your live account.

Remember that you can return to the demo environment as many times as you wantWe suggest you do this when you want to test strategies (so you don't put your money at risk).

When depositing or withdrawing money, you have available several payment options compatible with the Colombian market. Some of them are:

  • Visa and Mastercard credit cards: if you use this method, your deposits will be immediate.
  • International bank transfers: Please note that banks charge fees of approximately 30 USD for this type of transaction.
  • Skrill and NETELLER: these payment methods allow you to deposit and withdraw with PSE, Baloto, Efecty and Éxito cash registers.
  • Cryptocurrencies: Binary accepts deposits and withdrawals with Bitcoin, Ether, Litecoin, Tether and USDC.

If you choose to use virtual wallets such as Skrill, NETELLER or WebMoney, you may be required to pay commissions because of the currency exchange.

As for withdrawals, you must meet two requirements: 1) your account must be verified, which you can do with the steps mentioned above, and 2) make a withdrawal request.

Binary.com and its different options for online trading

With a digital experience in mind, Binary.com operates entirely on the web. That way, avoid downloading software to operate.

The broker has different platform options. Remember to choose the one that best suits your strategy and experience:

Deriv.com

It is an improved version of Binary.com with a user-friendly design and 24/7 support. This trading platform stands out for its ease of usewhich makes it a great option if you are just getting started with binary options.

Despite being an easy to use platform, that doesn't mean it's underpowered. Deriv includes various useful functionsincluding multiple technical indicators, 4 chart types and 12 timeframes.

binary_com_diagramma

SmartTrader

This trading platform is part of the options for beginners of the binary options market. The software has a simple design and is rated as a first class option for trading the financial markets worldwide.

binary_com_diagramma_2

MetaTrader 5

MetaTrader 5 is an application with wide international recognition. This software has demo and real version where you can trade multiple assets (including Forex and CFDs).

binary_com_diagramma_3

Binary WebTrader

This platform has advanced features for trading binary options. Binary WebTrader stands out for its high level of customizationIt allows you to configure the options to your liking: from how to load and organize the assets, to what types of graphics to use.

The software is available in 13 languages and is compatible with all browsers. With all these options, you can easily monitor your investments and analyze historical data.

binary_com_diagramma_4

Binary Bot

If your next step in binary options is to automate your investmentsthis is the platform you need. Comparable to a puzzle, you can train your bots to operate by simple formulas.

The program has 3 predefined strategies. However, as you become familiar with the interface, you can develop your own automated strategies. You can even sell them in the app store and earn commissions of up to 80 %.

binary_com_diagramma_5

Binary.com on mobile devices

If you want to make financial transactions from anywhere in the world, Binary.com has developed a mobile application for mobile devices. Android. Some of its views are:

binary_com_diagramma_6

The app being an excellent bet by Binary.com, here are some of its most important features:

  • You can easily set up your trades.
  • A wide selection of markets and underlying assets, from currencies to synthetic indices.
  • You can trade binary options in different ways, such as Up/Down, Digit Matching/Differences, among others.
  • Control the amount you want to invest in each trade. This way you can better manage your risks.
  • Support in different languages.

What are Binary.com's trading instruments?

We have already talked about the main features of Binary.com, its types of environments and mobile application. Now, we will give a brief description of the financial instruments available on this trading platform.

When trading binary options you will find 4 types of assets:

Synthetic indices

  • They are instruments that mimic the behavior of real assets with the help of RNG (random number generators) software.
  • They have high leverage, low spreads and 24/7 availability.
  • They are free from real market risks, such as natural disasters and geopolitical events.
  • The volatility of synthetic indices is constant.

Contracts for Difference (CFDs)

  • These are derivative instruments based on multiple underlying assets, such as equities, stock indices and commodities.
  • Risk is limited, as capital requirements are minimal.
  • They are available up to 18 hours out of 24 hours a day.
  • They have competitive spreads and commissions.

Currencies

  • Binary.com features major, minor and exotic currency pairs.
  • Leverage is high, while spreads are low.
  • Forex trading is available 24 hours a day, 5 days a week.
  • Barriers to entry are low and you can trade worldwide events.

Raw Materials

  • You can trade metals (silver, gold, palladium and platinum) and some oil references.
  • You do not have to pay commission on commodity contracts.
  • You can choose between fixed and variable spreads.

Types of contracts offered on the trading platform

Below, we show you some pictures of the trading platform environment. We will also explain some important points, including how to profit depending on the contract.

Type Contracts: Up / Down

binary_com_contract

Up / Down

When are contracts reimbursed?

  • If there are less than 2 ticks between the start and end.
  • If the contract takes longer than 5 minutes to end.

How to win?

binary_com_grafik

  • Superior: if the exit price is higher than the entry point.
  • Lower: if the exit price is lower than the entry point.

If you select "allow equal values" as shown in the image, the rules are no longer as strict and look like this:

  • Superior: if the exit point is equal to or greater than the contract entry point.
  • Lower: if the exit point is less than or equal to the entry point.

Upper / Lower

binary_com_contract_2

When are contracts reimbursed?

  • If there are less than 2 ticks between the start and end time.

How to win?

binary_com_grafik_2

  • Superior: if the exit point is higher than the barrier.
  • Lower: if the exit point is lower than the barrier.

Note that you will not win the contract if the starting point is equal to the barrier.

Type Contracts: In / Out

Ends inside / Ends outside

binary_com_contract_3

When are contracts reimbursed?

  • If there are less than 2 ticks between the start and end time.

How to win?

binary_com_grafik_3

  • Ends between: if the exit point is higher than the lower barrier and lower than the upper barrier.
  • Finish outside: if the exit price meets one of these conditions: higher than the upper barrier or lower than the lower barrier.

You don't win if the lower or upper barriers are equal to the starting point.

Stays in / Leaves

When are contracts reimbursed?

  • If there are less than 2 intervals between the start and end of the contract.

How to win?

binary_com_grafik_4

  • It stays inside: if, during the contract, the market does not touch any barrier (either lower or higher).
  • It comes out: if, during the contract, the market touches any of the barriers (either higher or lower).

Type contracts: Touch / No Touch

Touch / No Touch

binary_com_contract_4

When are contracts reimbursed?

  • If there are less than 2 intervals between the start and end time.

How to win?

binary_com_grafik_5

  • Play: if, during the contract term, the market touches the selected barrier.
  • Do not touch: if, during the contract term, the market does not touch the selected price barrier.

Is Binary.com legal?

Before trading on any trading platform you should be clear about its legality and track record. Binary.com is completely legalIt has operating licenses in a large number of countries. This makes it a reliable tool to make your investments.

In our search we found that Binary.com performs transparent activities in the different countries in which it operates. Proof of this is the opening of new offices in Latin America, which not only helps them to expand their market, but also to improve support.

Main advantages

We can't finish without giving you a list of the main advantages of Binary.com:

  1. The minimum deposit is low. This makes it accessible for people who want to get started in trading and do not have many resources.
  2. It has a education section basic for users who do not have much experience in the field.
  3. Your binary options have a high yield (about 90 %).
  4. It is versatile. As we saw, it offers a service that you can enjoy on different devices.
  5. Last but not least, her experience in binary options makes her a reliable trading platform.

As you can see, Binary.com features a interesting list of advantages. This company not only offers an innovative service, but also has efficient processes to meet the needs of its users.

We want to leave you some recommendations to finish. For starters, remember not to invest with borrowed money. Also, please note that none of the images or comments are investment proposals or trading tips.

Don't forget to use the demo environment before trading in the real environment. Here you can customize your own bots that will allow you to fine-tune your strategies and succeed in the world of trading.

Remember, when initiating trades on Binary.com or any other trading platform, there is a high financial risk. However, it is possible that you can get some eye-catching returns if you get your predictions right.

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