BinaryFX Review

BinaryFX
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Overview

The major broker of the market offers to the customer gainful trading, quick withdrawal of funds, work in the famous terminal Metatrader 5 etc.

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Details

BrokerBinaryFX
Website URLbinary.com
Founded1999
HeadquartersBinary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD182
Support Number8-10-8002-8553011 (free)
Support TypesLive chat, phone, email
LanguagesEnglish, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai
Trading PlatformMetaTrader 5
Minimum 1st DepositNo minimum deposit
Minimum Trade Amount$5
BonusUp to 100%
Leverage1:1000
Spreadfrom 0.9 points
Free Demo Account Open Demo
Regulated Yes
RegulationMFSA, MGA, FSA, VFCS, etc.
Account TypesDemo Account, MT5 Standard, MT5 Advanced, MT5 Volatility Indexes
Deposit MethodsMoney, bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), electronic currency, etc.
Withdrawal MethodsMoney, bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), electronic currency, etc.
Number of Assets100+
Expiry Timesfrom 10 seconds to 365 days
Types of AssetsCurrency, stocks, indices, commodities, CFD, cryptocurrency (Bitcoin, Bitcoin Cash, Etherium, Litecoin)
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score9.7/10

Full Review


Forex and CFD broker Binary is a major company that provides quick access to several markets from one account, has more than one year of successful work, a rich history of development and an impressive base of regular customers. The advantages of the company are favorable rates, no commissions and trading in a functional platform with innovative features.

And yet, is Binary a scam artist, bucket shop and unsafe platform or a reliable broker offering a stable platform and a full range of services for trading to a modern market player? The answers to these questions you can find in this review.

 

Terms of trade with Binary

Binary is one of the most experienced organizations in the market and managed by Binary Group Ltd. It started its activities in 1999 with the provision of investment services, and then with trade binary options (binary options broker review), then it chose one of the main vectors of development opportunities Forex, CFD and crypto-assets trading. Constant development and offer of innovative options to the client allowed the company to attract a large audience of traders and become one of the leading Forex brokers. His team consists of professionals and analysts with extensive experience, well aware of the needs of market players. The broker is among the most reputable brands in the field of online trading, is the creator of one of the most titled platforms for binary options. When a trader will start cooperation with Binary today, he can count on the integrity and honesty of the company, flexible pricing and a profitable package of tools.

Reaching to high ethical standards and excellent product quality, the company has achieved high performance and positive reputation. Today there is more than 1 million accounts of users system, the daily trading volume of more than two billion dollars and more than 140 employees worldwide. Of course, Binary is a market leader with an excellent record of accomplishment and prestigious awards, guarantees the protection of investors’ funds (capital is stored in reliable financial companies), has several licenses (regulation by the financial authorities of the British Isles, Malta, Japan, etc.) and first – class support service.

The ability to trade on Forex, the largest over-the-counter currency market, will allow customers to enter into lucrative contracts and get a decent income from it. A wide range of currencies are available here: major (EUR/USD, GBP/USD, USD/JPY, etc.), secondary and exotic pairs (e.g. GBP/HKD). You can also invest in stocks, indices, metals, contracts for difference, cryptocurrencies – all these tools provide great opportunities for permanent income (read here about how to make a decent profit on cryptocurrency). Among the advantages of trading with Binary are narrow spreads, market execution of transactions, absence of commissions, use of leverage (1:1000), which will significantly increase revenues with the skillful operation of additional funds, as well as stop loss and take profit-those options that will allow you to regulate the risks of loss.

To work fully, Forex broker offers access to the legendary terminal MetaTrader 5, which is deservedly considered one of the best such solutions. This is an innovative multi-market platform of the fifth generation for trading, automated robots trading, advanced analysis of the market situation. With one account here you can trade Forex, stock markets, CFD (rating of CFD brokers).

One of the goals of using MT5 is to make trading as free as possible. It is possible to work both in the web version (Windows, Linux or Mac) and in the mobile application in order to be on the market for 24 hours a day. After the update the program interface remained the same, and its internal content is more functional. It offers truly limitless opportunities for the player: options for copying transactions, robots market, exchange strategy developers, rent of a virtual terminal. Now you can download robots for free, use trading signals of users, discuss and test strategies. From one account, you can easily invest in currencies, crypto assets, as well as securities (bonds, futures, shares) on exchanges such as NASDAQ, GLOBEX, NYSE, Tokyo Stock Exchange, etc.

There are 4 modes of order execution: market, instant, exchange, on request. The number of pending orders increased: to the standard orders (Buy Stop, Buy Limit, Sell Stop и Sell Limit) were added Sell Stop Limit and Buy Stop Limit, which allow to work flexible with risks and money management. Thanks to the «one-click» trading option, it is easy to manage orders and trades on the chart, and use of highly informative data from convenient automatic reports (on the number of transactions, profit, loss, etc.), will allow you to trade more efficiently. There are 21 timeframes option to be able to build its effective copyright strategy. The changes also affected the quotes chart: for example, you can open 100 charts at the same time, change their display, color, scale, add indicators to them; different graphical elements that open up new opportunities for advanced market analysis.

In addition to the built-in oscillators, you can use the tools of users for free. In order to get acquainted with them and download them, just go to the «Code Base» tab. The indicator installation procedure is no longer required; the selected tools are automatically copied to the folder when downloading. It is possible to create your own strategies and indicators, test them, use the data of the economic calendar, trading signals; convenient alerts (signal alerts). On the tab «Market» licensed robots, books about trading, etc.are available.

On the platform of the broker is profitable to work: patented pricing technology, live prices, real-time, no fees are applied. In addition, the company guarantees more than 100% of payments and more than 1000% of profits, which will allow you to receive capital equal to the income of participants in the interbank market. To learn the terminal and test your skills in it, you can use a free training account, to which the company automatically charges 10 000 USD. Such trading in the virtual market will not only allow you to learn more about the platform, but will also help you feel more confident during real trading. Website binary.com contains a lot of information: about the history of the brand features of Forex trading, etc.The resource supports many languages.

 

Deposit and withdrawal

One of the most successful and experienced brokers of the market has seriously worked out the issue of transactions and today is ready to offer a variety of options for entering capital into the system, among them the trader will find the most comfortable:

  • Bank cards (credit, debit): Visa, UnionPay, MasterCard (up to 3 days),
  • Bank transfers (up to 3 days),
  • Payment services: Webmoney, Qiwi, Yandex.Money, Cashu etc. (instantly).

Withdrawals are made in the same way as deposits. Transactions are not subject to commissions from the broker.

 

Complaints against Binary broker

It is worth noting that, since the company has been on the market for a long time, it has a lot of different reviews: both positive and, conversely, negative. Among the advantages are usually mentioned a great experience of the broker, fast transactions, simple verification, informative website binary.com, a lot of assets, fast execution of transactions, no slippage of the platform and broker commissions, convenient terminal with impressive functionality and simple interface, excellent work of support managers, presence of a demo account, comfortable trading conditions, profitable affiliate program.

The long withdrawal of money, lack of communication with support managers, gapping and hang-up of the terminal, inconvenient site are negatively estimated. It should be pointed out that representative of the company work actively on the forums and specialized websites, answers questions from users and minimizes the negative aspects. In many ways, this should be considered a positive fact, which suggests that it is important for the broker to hear the client’s opinion and improve the platform.

If we find complaints about Binary, we will post it on social media. Follow us to be well informed:

 

Binary broker regulator

Binary has the third category license of a service provider for investment, is governed by Malta`s authority of financial services – Malta Financial Services Authority (No.IS/70156). In addition, the broker has regulation in the UK, on the Isle of Man, in Japan, Ireland.

 

Is Binary a scam?

Forex and CFD broker Binary is one of the most experienced market players; it is without a doubt a strong leader offering its client reliable and stable trades, a functional platform and fast transactions. Thanks to rich history of the brand, professionalism of the staff and constant development the company is well known in the market, has a large base of traders, many prestigious awards. And today it is ready to set new goals and achieve them, making a trade really profitable and comfortable occupation. The fact that the brand is interested in a quality solution of the issue of platform security binary.com, confirms the presence of its serious regulation, which makes cooperation with the company more reliable for players.

By opening an account with a broker, the client gets access to several profitable markets (Forex, stock exchanges, CFDs, cryptocurrencies, etc.), has several advantages to generate income: no fees, fast transactions, different options for withdrawal of capital, a lot of assets for investment, including CFDs and cryptocurrencies (find out the truth about cryptocurrency here). It is important for the broker to provide the user with the most convenient and functional service, so one of the best solutions in the field of Internet trading is offered-MetaTrader 5. This is an updated platform of the fifth generation, which opens up unlimited opportunities for the trader to work: for example, options for copying trades, using multiple orders and timeframes, renting a virtual terminal, access to the robot market, the exchange of strategy developers, various indicators, and books about trading. All this will allow you to download robots for free, use trading signals of users, test methods.

You can work both in the web version of the terminal and in a convenient mobile application that will always be close to the client of the system, making it possible to trade in any convenient place. It attracts to the company not only safety, reliability and its impressive experience of functioning in the market, but also guarantees more than 100% of payments and more than 1000% of profit. The fact that it offers a well-known brand platform proves the importance of providing for trader a time-tested solution that makes trading truly free and limitless.

A large base of loyal customers should be considered as an evidence of the correctly chosen Binary strategy of development. In addition, we note here reviews about the broker, which allow you to make sure that the platform has created comfortable conditions, offers thoughtful service and many unique options that make cooperation with the resource the most profitable: low spreads, fast execution of transactions, comfortable leverage, different assets, orders, etc. Most often assessed negatively: long withdrawal of money, lack of communication with support managers, etc. However, on the forums works actively a representative of the company, which answers users’ questions and minimizes the negative aspects.

On the convenient official website binary.com there is a lot of useful analytic information that make trading more effective. It is comfortable to work with a platform for the speculators from all over the world because of a high-quality translation and support into many languages, etc. And yet, should we consider one of the experienced brands of the Binary market as a scam and bucket-shop? Today, we will not make such a conclusion and trust a successful broker with an impressive customer base, more than one prestigious award and a lot of positive reviews on the network.

 

Summary

Today successful broker Binary occupies firmly a leading position among the competitors of the market, is one of the experienced organizations that offer a client profitable and secure trading, fast transactions, access from one account to several profitable markets: CFD, cryptocurrency, Forex (read the whole truth about Forex here). All work goes not accidently in the legendary MetaTrader 5 terminal, which makes online trading comfortable and functional. Here you can place trades conveniently, set and test strategies quickly, use free signals, etc.

Today we will not consider Binary broker as a scam and bucket-shop. However, traders’ reviews will not only protect clients from various problems of the platform, but will also affect the position of the resource in the rating on our website.

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