Before we start discussing all the positive and negative qualities of this platform, let’s briefly outline all its possibilities. This information will be especially useful for those who have not yet come across it.
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Broker Binari.com is one of the first to offer traders binary options trades. Initially, the opportunity to bet on events from the world of finance was offered by the bookmaker BetOnMarkets.com, for which the brand owners invited a number of financial market experts, and after the direction was developed, rebranding was carried out, and a separate company Binary.com was created.
At the moment, the brand belongs to the Regent Markets Group, the broker’s activities are controlled by the Gambling Supervision Commission and the Lotteries and Gaming Authority (depending on the jurisdiction of the provision of services). The company has four offices and 6 thousand branches around the world, as well as a reputation as a reliable partner and a company that is loyal to its customers. The broker also has a lot of positive reviews among professional traders.
When visiting the official website of the broker Binary.com for the first time, the simplicity and informativeness of the interface is striking, and the absence of colorful banners advertising certain offers of the broker is also pleasing (which his colleagues often sin with). The horizontal menu includes only four sections, containing the entire amount of information sufficient for even a beginner to start working almost immediately. For experienced traders, at the bottom of the site there is a list of categories in which it is enough to find answers to your questions.
The broker’s website offers:
- An extremely simple and informative trading platform with which all transactions offered by the broker are concluded online. It is enough to fill in the required fields – type of deal, direction, contract price, desired expiration date, get the current price and open an order. All of the above is done quickly, even for the first time, thanks to the platform’s intuitive interface;
- Materials for training. The broker talks about all the intricacies of working with binary options, about the work of the trading platform, and also conducts seminars for those who wish to work with binary options professionally. Here you can find out about the types and features of contracts, expiration dates, as well as the assets underlying the transactions;
- Terms, Conditions, Liability – materials that accurately describe all the nuances associated with the offer and implementation of Binary.com services. In particular, the user may receive information that the broker does not provide services to residents of the USA, Japan and Hong Kong;
Unlike many modern operators of the options market, Binari.com offers a demo account, where a beginner can try out the platform and make the first deals, and a practicing trader can test strategies. When you open the account, there will be virtual 10 thousand dollars, which can be used in a crucial period of trial and error, without risking real money. It is thanks to this mode that many novice traders speak positively about this platform.
The broker offers options contracts for more than 150 assets, among which there are instruments that are not offered to clients of other operators of the binary options market. For operations you can use:
- Currency pairs. A fairly wide list of currency pairs, among which the most common are presented, as well as “exotic”;
- Market indices. An exhaustive list of indices for different countries, reflecting the state of the economy of these countries;
- Securities. Shares of the largest companies in the world that are quoted on the stock exchange;
- Exchange commodities. This section is limited to a pair of precious metals and oil;
- Sector indices. The basic assets are global indices of various sectors of the economy;
- Random indexes. Quite an interesting virtual instrument based on random number generation
To use the broker’s offers, you need to have funds on the deposit. The broker’s conditions are very favorable for beginners, as well as those who, due to their modest experience, do not yet risk using large amounts.
The minimum bet is only $ 1, so only five dollars is enough to replenish the deposit. The restrictions on the minimum withdrawal amount are designed, rather, to unload payment systems than to retain the client, you can withdraw an amount at a time not less than $ 5. There is no commission for withdrawals, and the time required to withdraw funds meets the conditions of the vast majority of brokers and ranges from a few seconds to five days.
Profitability and returns
The level of profitability offered by the Binary platform is quite attractive, the broker on its resource informs about the possibility of getting up to 1000% of the return on investment. On average, the profitability fluctuates within 80%, since in order to increase profitability, the trader needs to move the boundaries of the traded range far beyond the acceptable risk. There is no information on the return on the broker’s website.
Types of contracts
There are only five types of contracts, each of the traders can choose an investment method based on their own trading preferences, planned profitability or the size of investments.
- Rise / Fall Contracts
The contract for the purchase or sale of a binary option is standard for most brokers, the profit is directly dependent on the correctness of the chosen direction of price movement relative to the point of opening the transaction.
- Above / Below Contracts
To make a profit on this type of contract, it is necessary to correctly predict the price position at the time of expiration relative to the price level offered by the broker
- Contracts Touch / No Touch
Also a fairly standard type of option, the profitability depends on whether the price has touched the agreed price level.
- In / Out Contracts
In this type of contract, the main thing is to predict whether the price will leave the range offered by the broker or continue to remain in it, the range is limited by the upper and lower barriers.
- Tick contracts
Ultra-short contracts, profit or loss can be seen after five ticks of price movement
For various types of contracts, the choice of the duration of the expiration period is assumed, and another difference between the Binari.com broker is that the latter offers a choice in a very wide time range – from 10 seconds to 365 days! Such an offer on the binary options market is extremely rare.
The issue of depositing money into a trading account within the system was worked out by a broker at the highest level. The trader is invited to use all the most common and convenient methods, including:
- Transfer from a bank account;
- Transfer from a bank card;
- Electronic transfer systems;
- Electronic payment systems, including Webmoney and QiWi;
- You can also use payment agents for replenishment, allowing you to operate with systems not offered by Binary.com.
Moreover, not one of the methods involves paying any commission from the resource itself. For Russian-speaking users, the possibility of using the Yandex Money system announced on the site will undoubtedly be of interest, however, it should be warned that this system can only be used for replenishment, but not for withdrawal of funds.
To overcome the difficulties that arise, which cannot be resolved by the clients without the participation of the technical staff of the broker, there is a list of ways in which communication can be provided:
Urgent problems can be discussed via Live Chat, it is possible to make a phone call or request a call back;
Questions that do not require prompt intervention of technical support can be clarified by sending an e-mail through a special form, which is available in the “Contacts” section of the official resource.
Undoubtedly, the broker offers quite interesting conditions and tools that allow you to make a profit as a result of transactions with options. A friendly interface and transparency of conditions allow for an effective start for beginners, and for professional traders – a comfortable work. However, the biggest plus is that you can start with a small deposit of $ 5, while the transaction cost is one of the lowest among competitors ($ 0.5).
|Yield up to%||80|
|Expiration period from / to||10 sec. – 365 days|
|Refund up to%||no|
|Minimum lot (USD)||0.5|
|Maximum lot (USD)||no|
|Minimum deposit (USD)||5|
|Replenishment / withdrawal of WebMoney||Yes / Yes|
|Demo account||there is|
|Weekend trading||there is|
If you haven’t come across this platform yet, then we really hope that this information will be useful to you. If you already have experience with this broker, then you can leave your review below.