Binarycent broker is an online trading platform that allows traders to trade financial assets like forex, cryptocurrencies, commodities and indices using binary options and CFDs. Binarycent has quickly become one of the most popular online brokers due to its intuitive platform, excellent trading conditions and generous bonuses. In this Binarycent review, we will take a closer look at what Binarycent broker offers traders.
What is Binarycent?
Binarycent broker is a trusted online trading platform registered by the Marshall Islands Trust Company. They provide traders with 24/7 access to global financial markets including forex, commodities, cryptocurrencies and indices.
Binarycent offers its own proprietary trading platform featuring advanced charting tools, educational resources, swift deposit/withdrawals and multilingual customer support. With robust security protocols in place, Binarycent upholds stringent data protection standards to keep client information safe.This broker also provides a wide array of funding and withdrawal options for account deposits and payouts.
In addition, Binarycent broker gives leverage up to 1:500 and payouts up to 95% on successful binary trades. There is also multilingual customer assistance available 24/7 via phone, email, and live chat to support traders around the world. All operations are 100% secured under data protection protocols to ensure financial transactions remain private.
Binarycent Bonus
One of the main attractions of trading with Binarycent is their generous bonus program. Binarycent offers new traders a binarycent bonus on their initial deposit which can go as high as 100%. For example, if you deposit $500, you can get a bonus of $250 taking your total balance to $750.
The binarycent bonus allows you to take advantage of more capital to trade bigger positions. It essentially gives you more trading power. However, there are certain bonus terms and conditions that traders should be aware of. Some key conditions of the Binarycent bonus include:
- Bonus is credited instantly on first deposit
- Bonus amount depends on deposit sum
- You need to make trades to release bonus
- Minimum trade turnover criteria applies
- Maximum bonus is $100,000 per client
So while the Binarycent bonus can be very useful, make sure you understand how to properly utilize it as part of your trading strategy.
Binarycent Bonus Rules
Since the binarycent bonus is a major attraction, it is important to know the specific binarycent bonus rules:
- The bonus is available only on first deposit
- The turnover requirement is 3x (deposit + bonus)
- The maximum bonus per client is $100,000
- Profits can be withdrawn only after turnover has been met
- Bonus can be removed if rules not followed
- A withdrawal fee of 20% if turnover not met
- Bonus trading only; no cashback allowed
The key rule is that you must meet the turnover criteria before you can withdraw profits from the binarycent trading account. Turnover refers to the total value of trades placed.
For example, if you deposit $500 and get a $150 binarycent bonus, your total balance is $650. The turnover requirement would be 3 x $650 = $1,950. So you need to place trades totaling at least $1,950 in value before you can make withdrawals.
Understanding the binarycent bonus rules is important to properly utilize the bonus facility.
Is Binarycent Legit?
There has been some speculation online asking, “Is Binarycent legit?” After thoroughly reviewing Binarycent, there is no evidence to suggest the platform is a scam. Binarycent appears to be a legitimate broker. With proper licensing, strong security, segregated accounts and strict privacy rules, Binarycent upholds regulatory standards.
There have been no incidents of Binarycent scamming clients. They have very strong security measures in place, like SSL encryption, and keep customer funds safe in different accounts.
Furthermore, the broker follows strict privacy rules that spell out how they collect, store, and use information about their users. Binarycent has a license from the Marshall Islands Trust Company (MH96960) and the license number 103581.
Conclusion
In summary, Binarycent comes across as a well-rounded online trading platform suitable for both new and experienced traders. The combination of an easy-to-use platform, tight spreads and generous rewards makes Binarycent an attractive choice.
Of course, it is recommended to do your own due diligence before selecting any broker. But based on reputation, offerings and client feedback, Binarycent ticks all the right boxes. Opening an account is quick and easy so you can try out their platform yourself.
FAQs
What trading platforms does Binarycent offer?
Binarycent offers user-friendly web-based trading platforms optimized for desktop and mobile. Apps available include Binarycent WebTrader and the Binarycent app trading platform.
What are the minimum and maximum deposits at Binarycent?
The minimum deposit amount is $250. There is no set maximum deposit limit at Binarycent. You can fund your account with as much money as you want.
Does Binarycent offer any educational resources?
Yes, Binarycent has an education center on their website that provides trading guides, ebooks, video tutorials, webinars and more. These resources help traders learn market analysis, binary options strategies, risk management, and technical indicators.