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What is Binarycent?

CFD trading, which stands for Contract for Difference trading, is a financial tool that offers the potential for substantial profits in a very short timeframe, sometimes as quickly as 60 seconds, but it also comes with considerable risks. The concept is relatively easy to understand and implement, making it possible for newcomers to jump into trading with minimal preparation; you can start your trading journey today. On the Binarycent platform, individuals can partake in Forex and CFD trading with a starting investment of just $250, thus making it an option for a diverse array of people. With a minimum trade size of only 10 cents, the entry threshold is further reduced, allowing more individuals to participate. This arrangement empowers traders to practice and refine their Forex and CFD trading skills without needing to invest large sums of money, thus appealing to both novices and seasoned traders. As you engage in practice sessions, you will be able to formulate your own strategies and build confidence in your trading capabilities, which is essential for long-term success in the market. Ultimately, this environment fosters both learning and financial growth.

Screenshots and Video

Binarycent Screenshot 1

Company Facts

Company Name:
Binarycent
Date Founded:
2016
Company Location:
Marshall Islands
Company Website:
www.binarycent.com

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Binarycent Categories and Features

  • Reviewer Name: Dave R.
    Position: Manager
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 10,000 - 19,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The low $0.10 minimum trades

    Date: May 27 2024
    Summary

    And those copy trading bots that let you follow along with elite traders? invaluable for saving me from myself and reckless strategies as I find my footing. Throw in a simple, uncluttered platform that isn't overwhelming, and it's the ideal launchpad.

    Positive

    I've been really impressed with how this broker seems to have created an experience tailor-made for total binary options beginners like myself. The low $0.10 minimum trades are the perfect way to get your feet wet without risking it all right out of the gate.

    Negative

    My only gripe is having to front that initial $250 deposit, which did sting a bit for someone on a tighter budget. But between the payouts and ease of use, it's been well worth it.

    Read More...
  • Reviewer Name: Manuel P.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    As a novice trader with limited experience

    Date: Mar 05 2024
    Summary

    But for an accessible entry point to dive into binary options trading safely, Binarycent delivers a great overall experience and a solid trading environment for beginners.

    Positive

    As a novice trader with limited experience, I find Binarycent to be an excellent starting point to learn the ropes of binary options trading. The user-friendly proprietary interface and copy trading tools are very beneficial features for me as I get familiar with executing trades and developing strategies. Deposits and withdrawals are impressively fast, usually processed within 24 hours, in my experience. I also appreciate the ability to trade with a small $1 minimum budget to control my account risk.

    Negative

    While regulated, more advanced top-tier licensing would provide added trust.

    Read More...
  • Reviewer Name: Kevin T.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Binarycent's mobile accessibility

    Date: Jul 01 2024
    Summary

    This convenience, combined with high payouts and rapid withdrawals, has revolutionized my trading approach.

    Positive

    Binarycent's mobile accessibility is its strongest feature, allowing me to manage my account and trade directly from my smartphone.

    Negative

    I didn’t find any important disadvantages for myself, I’m happy with everything.

    Read More...
  • Reviewer Name: Lester B.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The mobile interface

    Date: Jul 27 2024
    Summary

    One morning, I capitalized on a breaking news opportunity and quickly entered a profitable trade....

    Positive

    After registering with the platform, I was eager to start trading. Testing the mobile interface first was crucial for my on-the-go trading style. I found it seamless, allowing me to execute and monitor trades effortlessly.

    Negative

    The app and web platforms work smoothly, though more technical indicators would enhance analysis.

    Read More...
  • Reviewer Name: Robert S.
    Position: Other
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    As a novice trader, I find Binarycent's selection of copy trading tools and binary bots very helpful.

    Date: Feb 15 2024
    Summary

    However, for beginners seeking accessible trading automation, Binarycent delivers some useful options.

    Positive

    As a novice trader, I find Binarycent's selection of copy trading tools and binary bots very helpful. It’s amazing how I can piggyback on the experience of more seasoned traders. When I started using the copy trading feature, I made a $500 deposit and split that in three places. So what I did was copy the top 3 professionals on the platform for $150 each. After a few trades, I watched my balance grow from $500 to $930. I couldn't believe my eyes, especially since I didn't have to place any trades by myself.

    Negative

    My main critique is the lack of tier-1 regulation, which would provide more oversight.

    Read More...
  • Reviewer Name: Robert N.
    Position: Admin
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Professional conduct

    Date: Jul 19 2024
    Summary

    With robust oversight, quick withdrawal processing, and responsive customer support, the broker ensures a secure trading environment.

    Positive

    Having thoroughly researched and traded with a reputable broker, I find their professional conduct and transparent operations reassuring.

    Negative

    Although the minimum deposit is higher than ideal, I appreciate their commitment to maintaining a reliable and regulated service for traders like myself.

    Read More...
  • Reviewer Name: Michael W.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Their customer support is also very responsive and always available when needed

    Date: Nov 03 2024
    Summary

    Their customer support is also very responsive and always available when needed. However, the lack of a demo account is disappointing.

    Positive

    If you're new to binary options trading, Binarycent’s low minimum trade size is perfect for beginners. I started by trading with just $0.10, which helped me learn without risking significant amounts.

    Negative

    It would be beneficial to practice with virtual funds before trading real money. Additionally, while the low minimum trade size is great, the high commissions can be a drawback for small-scale stock traders.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 10,000 - 19,999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The deposit process

    Date: Jun 02 2024
    Summary

    The trading interface is very user-friendly and the copy trading bots have been invaluable resources as I've worked on honing my binary options strategies.

    Positive

    The deposit process with my preferred crypto wallet was extremely smooth and seamless, with my funds being credited to my trading account basically instantly. That hassle-free, straightforward experience really set the tone for the rest of my time using their platform so far.

    Negative

    My only real complaint is the lack of support for MetaTrader, the platform I'm most accustomed to using for my other trading activities. But the high potential payouts, up to 95%, have definitely helped offset that inconvenience.

    Read More...
  • Reviewer Name: David H.
    Position: Other
    Has used product for: Free Trial
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    As an active trader in Dubai

    Date: Feb 28 2024
    Summary

    Knowing I have that dedicated around-the-clock support gives me tremendous confidence trading markets on the other side of the world from my broker's headquarters.

    Positive

    As an active trader in Dubai, having 24/7 multilingual support has been essential for getting quick assistance during the Middle East's trading hours. Binarycent's customer service team has resolved every issue I've encountered even when other brokers' support teams are off duty. Their global presence means I always have someone available who understands my problem and can communicate in my native language, no matter what time of day it is in the UAE.

    Negative

    I didn’t find any disadvantages in trading with the broker. And the support works well.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Deposits and withdrawals were lightning-fast

    Date: Dec 04 2024
    Summary

    The high payout percentages were also a pleasant surprise, boosting my overall returns. However, the $250 minimum deposit is a bit steep for those who just made the first step in trading.

    Positive

    Speed and ease of use were my top priorities, and this platform delivered on both counts. Deposits and withdrawals were lightning-fast, a massive plus for my active trading style. Moreover, this speed speaks volumes about the platform's underlying infrastructure and technical capabilities. In today's fast-paced market, this efficiency is a critical advantage, allowing traders to react quickly to opportunities and manage their funds without unnecessary delays. Also the interface is intuitive and straightforward, even for someone relatively new to binary options.

    Negative

    While the platform's own trading software is functional, the absence of MetaTrader is a significant drawback for those of us used to its advanced charting tools.

    Read More...
  • Reviewer Name: Kevin H.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The list of assets

    Date: Aug 18 2024
    Summary

    It is understandable that the website operates fine on my mobile phone but the idea of having a standalone application will ensure that trading on the move is much more convenient.

    Positive

    There is one key area that Binarycent can be proud of, and this is the list of assets that they have. Whether you are a fan of foreign exchange, stocks, or commodities futures, there always is something to trade. There have been pretty interesting sessions with gold options recently. Also, the instant deposits are great as well – when there is a good offer, you can act immediately.

    Negative

    To my dismay, I really wish they had a mobile application that I could use to access this site using my android phone.

    Read More...
  • Reviewer Name: Steve P.
    Position: User
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    As someone who balances multiple side jobs

    Date: Mar 06 2024
    Summary

    I never have to miss capitalizing on profitable opportunities thanks to Binarycent's convenient accessibility. Binarycent trading platform is awesome and i don't think i’d stop using this broker.

    Positive

    As someone who balances multiple side jobs, I need flexibility to trade only at certain hours. With Binarycent's platforms, I can easily monitor and close positions from my phone if I end up being unable to log onto my laptop as expected. The ability to seamlessly transition between PC and mobile throughout the day, depending on my availability, takes the stress out of managing open trades around my dynamic schedule.

    Negative

    I didn’t find any cons worthy of attention. A simple and convenient platform.

    Read More...
  • Reviewer Name: Tobin K.
    Position: DSP
    Has used product for: Less than 6 months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Binarycent review

    Date: Dec 24 2023
    Summary

    My experience has pretty much been just arguing with my so called success manager why I should keep investing money into the platform when I win top trader or at least come in the top 10 without needing to deposit more money that I would never have a chance to redeem, I have even asked for their legal team's details so my legal team can confront them on it but I don't even get a response to that question. If they don't have a legal team what are they???

    Positive

    I would like to say that if you want to waste your money then it's fun to loose it on Binarycent.

    Negative

    Binarycent only takes your money & won't give a cent back. I have compared it with the real currency trend which went fine until I got near the turnover needed to make a withdrawal, suddenly I was given out of the blue spikes that went against the currency trend until all my deposit had been used up, don't think that if you don't claim a bonus you are still able to withdraw because before you can withdraw you need a 100% turnover but the site never lets that happen. I have 3000 USDT worth of best trader winnings waiting there for me to invest another 250 USDT & I would claim it if I thought there was any chance my trades wouldn't be spiked against me as well as the way the currency is going. Full stop Binarycent is nothing but a scam, don't put money into it unless you want to lose every cent you have.

    Read More...
  • Reviewer Name: Joe S.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The interface is easy to use

    Date: Nov 22 2023
    Summary

    I tried putting indicators on the tick chart, but they don't have that feature. After a few days of trading, I wanted to withdraw my profits. The withdrawal request was processed in under 1 hour, which I appreciated.

    Positive

    I funded my Binarycent account with Bitcoin since I had some stored in a wallet. The crypto deposit only took a few minutes to credit, which was fast. I did some basic trades on USD/JPY using their web platform. The interface is clean and easy to use, but I couldn't figure out how to do more advanced charting analysis.

    Negative

    Overall, I'd say Binarycent is good for basic options trading but lacks analysis tools I'm used to.

    Read More...
  • Reviewer Name: Clark T.
    Position: HR
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    I tested Binarycent's copy trading feature

    Date: Dec 02 2023
    Summary

    I also appreciated that I could buy my positions in small sizes, like $0.25, to manage risk on other assets. The fast withdrawals were useful when I wanted to pull some profits out of my wallet quickly.

    Positive

    I tested Binarycent's copy trading feature, miming expert traders' positions. There were a few recommended top traders to choose from. I copied one trader specializing in 1-hour gold trades with a 70% win rate. Over a few weeks, the copied gold trades performed profitably for me as a beginner.

    Negative

    My main gripe is that their charting is bare bones - more indicators would help me better predict movements. But overall a decent platform to get started with binaries.

    Read More...
  • Reviewer Name: Daniel F.
    Position: Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The initial interface was user-friendly for a novice trader.

    Date: Nov 29 2023
    Summary

    After a week, I managed to profit on a long EUR/USD call option before the expiry time. My balance grew to $400 after compounding some gains. Withdrawals were super easy as well. Overall, I had a great experience building my trading skills on their platform.

    Positive

    After seeing an ad for Binarycent, I deposited $250 to try their platform. The initial interface was user-friendly for a novice trader. I opted for a demo account to practice before placing any real money trades. After a few days, I transitioned to trading binary options for real.

    Negative

    My first few trades were unsuccessful as I learned how to analyze charts properly.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Review
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best broker for newbies

    Date: Oct 18 2022
    Summary

    I'm trading here for about 7 months here so far and at the moment I'm really satisfied with this broker, with all the features and the recent update is really great. The only thing is that withdrawals may take couple days to come.

    Positive

    24/7 fast support.
    Low pricing.
    A lot of trading features.
    Crypto deposits.
    New platform.
    Additional features for newbies.
    Live video chat.

    Negative

    Withdrawals may go longer time than you expect.
    No learning materials.

    Read More...
  • Reviewer Name: Peteris H.
    Position: Engineer
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Perfect broker

    Date: Dec 06 2022
    Summary

    Fast platform, good design, fast and responsive support. One of the best brokers, really recommend it.

    Positive

    Fast platform, good design, fast and responsive support. One of the best brokers, really recommend it.

    Negative

    Actually I didn't find any cons in a two months of usage.

    Read More...
  • Reviewer Name: Janis C.
    Position: HR
    Has used product for: Free Trial
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    To be honest I like it

    Date: Nov 29 2022
    Summary

    If you are beginner, follow the instruction steps. Also remember that no one can guarantee you 100% profit. It is your own responsibility.

    Positive

    Wonderful website with great design, tips for beginners, very welcome customer service and amazing provider. Today I had a great experience using it.

    Negative

    I cannot say that pricing page is excellent, no one is. I would like to see more discounts, but I am fully satisfied.

    Read More...
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