Score
Marshall Islands
|
5-10 years
| https://www.binarycent.com/
Website
Rating Index
Influence
C
Influence index NO.1
Bosnia 3.15
LicensesNo valid regulatory information, please be aware of the risk!
Marshall Islands
WikiResearch
Malaysia
binarycent.com United States Malaysia| Binarycent Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | $250 |
| Customer Support | Live chat |
| Tel: +1-8299476393 (English) | |
| Tel: +7-499-3806317 (Russian) | |
| Tel: 3-395-0396 (Chinese) | |
| Tel: 02-21345671 (Thai) | |
| Tel: 965-65425142 (Singapore) | |
| Tel: 61-8-5550-7288 (Australia) | |
| Social Media: Instagram, X | |
| Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 | |
Founded in 2016, Binarycent is an unregulated broker that specializes in cryptocurrency trading. Binarycent is registered in the Marshall Islands. Customers can learn that the leverage is up to 1:500, and the minimum deposit is $250. In terms of other details such as spread, account types, and trading platforms, its official website does not reveal.
| Pros | Cons |
| Specialized in crypto trading | No regulation |
| 24/7 multilingual support | Lack of transparency |
| First deposit bonus | |
| Multiple payment methods |
No, Binarycent is not regulated. Please be aware of the risk!
| Tradable Instruments | Supported |
| Cryptocurrencies | ✔ |
| Indices | ❌ |
| Commodities | ❌ |
| Bonds | ❌ |
| Forex | ❌ |
| Stocks | ❌ |
| ETFs | ❌ |
The leverage of Binarycent is up to 1:500. Since leverage can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
| Deposit and Withdrawal Methods | |
| Cryptocurrencies | Bitcoin, Litecoin, Ethereum, Monero, Bitcoin Cash, Primecoin, Reddcoin, JRSH, SHAekc, AeHbry |
| Cards | VISA, VISA Electron, VISA DEBIT, Mastercard, Maestro |
| E-wallets & Local Systems | WebMoney, NETELLER, QIWI, CASH, WIRE TRANSFER |
| Payment Options | Transfer Fee | Minimum Deposit | Deposit Processing Time | Withdrawal Processing Time |
| VISA, MasterCard | 5% | $250 | Instant | Up to 1 hour |
| Bitcoin | ❌ | $250 | Instant | Up to 1 hour |
| Ethereum | ❌ | $250 | Instant | Up to 1 hour |
| Altcoins | ❌ | $250 | Instant | Up to 1 hour |
cmvm warns investors about Wave Makers LTD ( Binarycent )
Country/Region
Disclosure time
2024-02-16
Disclose broker
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
Country/Region
Disclosure time
2023-04-20
Disclose broker
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Country/Region
Disclosure time
2022-09-20
Disclose broker
Notice of Fraud Certificates of the Financial Dealers License
Country/Region
Disclosure time
2021-10-01
Disclose broker
Warnings (unauthorised firms and other entities).
Country/Region
Disclosure time
2019-07-01
Disclose broker
Blacklists of unauthorized companies and websites: Forex.
Country/Region
Disclosure time
2018-06-22
Disclose broker
Being made to do a lot of back and forth for withdrawal access endlessly at Binarycent without any success? Receiving unsatisfactory replies from the forex broker officials on withdrawals? Is the bonus unremovable from your forex trade? Have you witnessed capital losses due to manipulative trades by the broker? All these clearly indicate scams at Binarycent, a Marshall Islands-based forex broker. Many have accused the broker of serious fraud allegations online. In this article, we have put their comments. Read on to find out.
When you want to start trading, one of the first tasks you have to fulfil is finding the right broker. During your research, you probably stumbled across BinaryCent. Here, we give you more information about this broker and help you decide if this broker is the right choice for you.
Binary options brokers offer traders an accessible way to make money in the binary options market. However, with so many binary brokers to choose from, picking the best trading platform for your needs can feel overwhelming.
BinaryCent provides 24/7 live video chat support and multiple account types but lacks regulatory protection and transparency on spreads and commissions, which raises concerns about safety and cost clarity.
The minimum deposit on BinaryCent is $250 or equivalent in other currencies, allowing access to the platform and trading services.
BinaryCent is not regulated by any recognized financial regulatory authority. This lack of regulation means the platform operates without official oversight, which increases inherent risks for traders. Caution is advised when trading on unregulated platforms.
Deposits are processed instantly, enabling immediate trading access. Withdrawals are generally processed within 1 hour; however, delays may occur during weekends and public holidays.
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DANIEL6448
Brazil
scam company, I deposited 60 USD and profited 6x the deposit amount, a total of $353 in profit. Even so, they won't let me withdraw, claiming that I have to negotiate 3x the deposit amount, whereas I negotiated 6x. They are scammers, stay away. (they put a bonus on my account without me asking just to stick to the terms and conditions).
Exposure
Mayaz Ahmad
Bangladesh
A client has reported that this broker is a big manipulator of trade.
Exposure
AdamNeal
Germany
I prefer learning through videos, and the educational videos provided on this platform are incredibly helpful. They clarify things I wouldn't understand as easily otherwise. The tool's color coding also makes it quick to spot trends and patterns. However, the charting tools could benefit from more customization options to better suit my need for detailed analysis. Even so, the platform's visual layout reduces the stress of learning and trading.
Positive
JayNelson
United States
I've been using Binarycent for a few months, and their user-friendly platform has exceeded my expectations. Last Tuesday, I managed to place a quick trade on EUR/USD during my lunch break thanks to the intuitive interface. I also appreciate that you can start trading with just $0.10, which is ideal for testing new strategies with minimal risk.
Positive
FX2924191638
Canada
I am the biggest beneficiary of the Binarycent platform’s copy trading feature, which has enhanced my trading skills. I realized more trading approaches and market analysis lessons through following successful traders. This brings us to the next key benefit of the platform: instant execution. The world of binary options is pretty fast, and delay can cost a lot of money; Binarycent does not disappoint me. The main disadvantage which I can single out is the small number of technical indicators offered. Additional methods of analysis are also desirable at this stage.
Positive
RobertGreene
United States
One aspect of Binarycent that's really stood out to me is their customer support. Last month, I had an issue with a withdrawal, and their team resolved it within hours. I'm also impressed with the range of expiry times available. Just yesterday, I made a successful trade on a 30-minute oil option, which fits perfectly with my trading style. On the flip side, I find their educational content a bit lacking. As someone trying to improve my skills, I wish they offered more advanced strategy guides and webinars.
Positive
FX9441493112
Poland
There are these special trading contests that Binarycent offers during the different seasons, and boy, has it changed the whole aspect of trading for me? I love the leaderboard system and it truly makes me want to compete in my own strategic way. Furthermore, the prize money is quite reasonable for the events that take place. On the other side, I wish they opened more often and of smaller amounts as some of us are not high rollers as they keep suggesting. The big ones may be a little on the intimidating side. On the whole, it is entertaining and is an interesting way to vary trading.
Positive
FrankValdez
United States
Navigating this platform as a novice trader has been a breeze. The intuitive dashboard and seamless functionality on both app and web make it easy to manage trades and monitor performance. I hope to see more advanced charting tools in the future.
Positive
JamesKelly
United States
I used to struggle with trade analysis until discovering a platform that offers intuitive copy trading. This feature allows me to mimic top expert traders' positions with just a click. Recently, I mirrored a trade on gold and rode the surge for a sizable profit. This method provides a solid starting point for learning technical analysis.
Positive
WallaceEstrada
Philippines
Monitoring short-term trades was straightforward, though lacking backtesting capabilities was a drawback. Responsive customer service compensated for the platform's simplicity.
Positive
WilliamFleming
United States
The affordable $0.10 minimum trades and high payouts up to 95% have made BinaryCent an excellent choice. The platform's user-friendly interface and the effectiveness of the copy trading bots have significantly enhanced my trading experience, coupled with the benefit of instant withdrawals.
Positive
ShawnRamsey
United States
Initially skeptical due to the high entry cost, BinaryCent's low minimum trade size and high payouts convinced me to join. A significant early win of $2500 from a single trade validated the potential of binary options trading through this platform.
Positive
Theodore Hammond
United States
The initial $250 deposit at BinaryCent is justified by the low risk and high return opportunities provided by the platform. The ability to start trading with just $0.10 has allowed me to grow my investment gradually and safely.
Positive
Richard Smith
United States
I was getting pretty frustrated trying to navigate the overly complex trading platforms of some of the other brokers I've used. This one's proprietary interface for binary options is such a breath of fresh air - clean, simple, and intuitive even for a tech dinosaur like me. And being able to start trades from just $0.10 has let me really take it slow and learn through experience without risking my whole bankroll. I've had a few bigger win streaks thanks to the high payouts, including one $1,200 payday that I was able to instantly withdraw straight to my crypto wallet. No more waiting weeks for my money! Sure, they could use some more regulatory oversight, but the overall experience has been pretty solid.
Positive
Joshua Green
United States
I'll be honest, when my buddy first told me about this broker, I was pretty skeptical. $250 just to get started? That's steep for a guy on a tight budget like me. But he insisted I give it a shot, and man, am I glad I listened! Starting with those tiny $0.10 minimum trades was a total game-changer - it let me get my feet wet without risking it all right off the bat. And boy, did I get my feet wet in the best way possible! Within a couple of weeks, I hit a massive $2,500 windfall on a single trade. I could hardly believe those insane 95% payouts were real when the money dropped into my account instantly. This broker has turned binary options from a crazy gamble into a legitimate income stream.
Positive
CurtisBrown
United States
I've had my fair share of binary options horror stories over the years—shady brokers, hidden fees, nightmarish withdrawal processes, you name it. So you can imagine my skepticism when I first started seeing reviews praising this broker's "instant withdrawals." Yeah, right, I thought. I'll believe it when I see it. Well, let me tell you—I'm an absolute believer now! From the very first withdrawal I requested just to test them, that money zapped straight into my crypto wallet within 2-3 minutes, max. No waiting periods, no fees, no hoops. Just my cold, hard cash available to spend or re-deploy instantly.
Positive
Anthony Valdez
United States
Acceptance by Binance of diverse methods of funding has given me absolute freedom in my trading route. A month ago, I chose to open up my account with cryptocurrency since I got my salary paid out in Bitcoin. In less than 5 minutes, I was able to transfer 500 US dollars of bitcoin into my Binarycent account, and this allowed me to start trading instantly. This process was as smooth as silk, with no obstacles at all and it let me profit over and over by responding quickly to market chances. Despite the fact that not having Tier-1 regulatory licenses is a serious problem, Binarycent additionally provides flexibility to traders who are on a trading journey.
Positive
Murugan2615
India
The Binarycent platform's frictionless transactions and rapid results allow market opportunities to be capitalized on without difficulty. I saw a large trading opportunity last month and bought a $300 binary option contract. The trade increased my earnings by $500 within minutes. Binarycent's user-friendly design and rapid deposit function allowed me to move quickly and decisively, making this success achievable. Copy trading has also helped me imitate successful traders and optimize profits.
Positive
Joshua 5714
United States
When weighing my options for a binary broker, I looked into reviews of Binarycent to help my decision. Many praised the simple platform and speedy withdrawals. Now trading on Binarycent, I agree with those favorable reviews of Binarycent. I appreciate their intuitive platform and responsive support team. Being able to withdraw profits within 24 hours also gives me flexibility. My experience mirrors the positive reviews of Binarycent, highlighting it as a trusted choice for new traders. I am satisfied so far.
Positive
Bred 9058
United States
I enjoy Binarycent's clean and minimalist proprietary web-based platform interface with its intuitive style and easy site navigation as a seasoned trader who values simplicity and efficiency in my workflow and trading process. Just the other morning, I was able to quickly scan for appealing new trading opportunities during a hectic start to my day, thanks to Binarycent's orderly dashboard and complete lack of clutter. Within just a couple minutes of logging in, I found a particularly promising setup with an impending chart pattern breakout, swiftly executed a tidy return-generating trade with just a few clicks and was able to log off to continue my day. The platform's combination of simplicity and depth is invaluable.
Positive
Smith1956
United States
I am new to trading and starting with a small initial account balance. I was happy to discover that I could open positions and execute trades on the Binarycent platform for just $0.10 per contract. The other week, I combined a string of $0.10 and $0.25 binary put and call contracts on a few specific commodities and indices that I was analyzing and watching closely for an ideal timed entry point. Despite the incredibly low initial investment on my part, I turned this series of micro-binary contracts into over $100 in total profits on that single well-timed and volatile multi-contract trade setup. It was a major win for me and would never have been possible without Binarycent!
Positive