As the name suggests, Binary.com is a binary options brokerage platform operated by the Regents Market Group. It was initially introduced as BetonMarkets.com, but it was then rebranded into Binary.com in 2013. The rebranding was part of an expansion plan in a bid to gain a bigger portion of the financial trading market. This has been proven successful as the company saw an increase in subscription, with more than one million clients already registered at the time of writing.
With impressive market traction, the company has since added additional headquarters in Japan and Malaysia to facilitate its ever-growing popularity. To date, it is known to offer a wide selection of asset classes including Foreign Exchange and Contract for Differences in multiple platforms. Much, it has been a sought-after brokerage firm mainly from its tight security, authoritative learning materials, and a highly-responsive customer support.
Binary.com Licenses and Regulation
Binary.com has long established its name as a reputable broker. It has bagged numerous industry awards from major reviewers, with its platform heavily lauded for its optimum performance and service. More so, clients are equipped with a secured platform since the company is highly compliant with multiple jurisdictional regulatory bodies.
Binary.com’s Maltese subsidiary is filed under the Malta Financial Services Authority. It is categorized as a Level 3 Investment Services Provider with a license number IS/70156. As for its satellite in the Isle of Man and the United Kingdom, both are well-regulated by the Gambling Supervision Commission. Lastly, it holds a Remote Bookmaker’s License issued by the Revenue Commissioners of Ireland, making it a reliable and legitimate trading platform.
Binary.com Account Selection
Far from the usual selection of three to five accounts, Binary.com offers only two. While this selection may come inadequate for those looking for wider options, the broker has integrated almost all the necessary tools to facilitate a competitive trading environment.
Standard Account- This broker comes more competitive in terms of minimum deposit as it only requires a funding worth $5 to open the Standard account. This setup made this account more accessible for those with tight capital, and it may be maximized to its capacity mainly from its generous conditions. Its leverage ratio is 1:1000, with 50 asset classes waiting to be traded. Note that this is a commission-free account, and what’s more exciting is its 24/7 cryptocurrency trading.
Virtual Account- The Virtual Account, or more commonly known within the industry as the Demo Account, is preloaded with a balance of $10,000. For those who want to test Binary.com’s overall functionality, they may opt in opening this account and conduct trial trading with the help of premium tools.
Note that Binary.com has a separate selection of conditions under the MT5 account. Generally, it offers the same set of asset classes including CFDs, Forex, virtual coins, commodities, and shares. It was only added back in 2019, equipped with cutting edge technologies that render a larger margin of profitability.
What comes as the most impressive about Binary.com is its wide selection of in-house and third-party platforms. These platforms are separated into Basic and Advanced level, purely depending on which type the clients may find better to use.
The Basic Category houses two types of platforms: the Standard platform and the Binary Tick Trade App. While both of these platforms are designed to carry out Binary trading, the latter was developed to facilitate trading for mobile phones. Under the Advanced Category, there are four choices to pick from. The first one is the MT5 platform that grants access to CFDs and Forex markets. Second is the Binary WebTrader for professional traders, and third is the Binary Next-Gen known for its premium trading features. Lastly, the Binary Bot platform that allows automated binary trading.
Binary.com provides several means where queries may be placed through. It has an active line of communication including a telephone line, social media networks, and bots from Reddit. More so, the company provides a ticketing section, which may come handy should there be technical issues encountered. The most impressive, to say, is its Live Chat feature that renders real-time customer assistance.
Putting all of the aforementioned features into consideration, Binary.com is inarguably a reliable and legitimate platform. Its impressive asset selection, wide platform choices, and highly responsive customer support attest to its excellent service, making it a brokerage firm that deserves a sound investment.