Binarycent Review – Blatant Scam or Not?

Binarycent is a financial trading platform founded in 2017. The trading platform is managed by Cent Project Ltd, a management firm that is a subsidiary of Finance Group Corp, a Vanuatu-based corporation. Cent Project Ltd manages the trading platform.

Their offices are located on the second floor of Transpacific Haus, just off the Lini Highway in Vanuatu. Additionally, The Finance Group Corp owns BinaryMate, another famous binary options trading website.

While the majority of binary options brokers focus only on binary options trading, BinaryCent specialises in foreign exchange and contract for difference trading (CFDs).

Binarycent Review

Binarycent Regulation

BinaryCent is a licenced brokerage business that is governed by Vanuatu’s Financial Services Commission. The Financial Services Commission is responsible for the company’s monitoring. BinaryCent is permitted to do so since it is a subsidiary of Finance Group Corp.

In contrast to its sister trading platform BinaryMate, which targets the mainstream market, BinaryCent’s market sector is primarily targeted at tiny online traders, as the name implies. As a result, one of the most appealing aspects of BinaryCent is the opportunity to execute trades for as little as a ten-cent investment each transaction.

Trading Platform

BinaryCent has chosen a specifically designed trading platform for the Finance Group Corporation. This is why the trade platform utilised by linked companies are very similar in nature. Due to the trading platform’s online nature, it may be accessed via any modern web browser.

Dealers will no longer be required to download and install software on their computers as a result.

While it is just a web-based trading platform, it is very functional and includes a range of trading tools, such as trading charts and technical indicators, to help traders in making informed trading decisions. The BinaryCent trading platform is a pleasure to use due to its easy user interface.

The mobile trading application, which is accessible in the Apple App Store (for iOS devices such as the iPhone and iPad) and Google Play (for Android devices), allows traders to trade the financial markets on the go.

BinaryCent has made the mobile application available for free as part of their overall product and service offering. In terms of functionality and features, the mobile trading application is identical to its web-based version. The primary distinction is that it is optimised for smaller displays, such as those seen on smartphones and other mobile devices.

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    Binarycent Account Types

    Bronze-level account

    A bronze trading account requires a minimum investment of $250, and the trader is eligible for a bonus of up to 20% of the first deposit. The entire cost is reduced to $300, a substantial reduction for someone just getting started. With this BinaryCent account, the customer will have access to live video chats, free demo accounts, and withdrawals that are processed within one hour.

    Silver Account

    A trader who wants to open a silver trading account should make a minimum investment of $1,000. This account is eligible for a 50% bonus, providing the trader with $1,500 to begin trading.

    However, customers must trade a certain number of times before they may withdraw funds from their account for the first time. To mention a few advantages, this account includes an online master class, a dedicated account manager, live chat support, and three risk-free transactions.

    Gold Account

    The gold trading account has all of the aforementioned advantages and more; however, you must spend $3,000 to open the account. It receives a 100% bonus, resulting in a $6,000 initial amount. To withdraw funds from BinaryCent, you must first fulfil the gold account’s minimum trade requirement. It is, however, a great place to begin, especially with such a substantial incentive.

    Bonus, Funding and Payments

    BinaryCent offers bonuses ranging from 20% to 100%, based on the kind of trading account the customer has created, as shown in the table above. Traders should be aware, however, that these benefits are subject to a number of restrictions and requirements. Attaining a certain level of trading activity is a necessary requirement for cashing out the bonus (turnover).

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    Along with the deposit bonus, BinaryCent offers other incentives to its traders, such as “Risk Free Trades” and trading competitions. If the trader’s total balance after the first three transactions is negative, BinaryCent will refund the trader’s trading losses as part of the risk-free trade offer, which is available to Gold account holders only.

    BinaryCent provides a variety of funding options for trading accounts, from which customers may choose to fund their trading accounts. Here are some examples of various techniques:

    MasterCard and VISA are two of the most widely used credit card brands.

    There are wallets for Bitcoin, Ethereum, Dash, Litecoin, and other cryptocurrencies.

    Skrill, WebMoney, and Neteller are all valid methods of payment.

    Withdrawals are processed in the same way as deposits at BinaryCent. BinaryCent does not impose withdrawal fees, except for credit card withdrawals, which incur a 5% fee.

    However, each transaction must have a minimum withdrawal of $50. BinaryCent promises that all withdrawal requests will be handled within one hour, regardless of how often they are sent.

    Customer Support

    Customer support is available 24 hours a day, seven days a week at BinaryCent. Traders in need of assistance may contact support through live chat, an online contact form, or by simply calling their toll-free number.

    Bottom Line

    In general, BinaryCent is an innovative trading platform that was developed and launched by a group of investors with years of expertise in the financial services industry. BinaryCent claims that their efforts enable its customers to make educated binary option trading choices.

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