BinaryCent Review 2022 – Is it scam? Honest Opinion

What you need to know about BinaryCent

BinaryCent is a very popular binary options broker that has many functionalities. In this review, I will tell you about everything we have checked with this broker. Below is a quick summary of the highlights from this review. If you are interested in more details, read the full review. If you decide to open an account with this broker, you will find a quick link to registration by clicking on one of the green buttons in this review.

If you decide to open account using links on our website – you’ll receive 50% deposit bonus!

A few words about BinaryCent

The name of this broker is not a coincidence. BinaryCent is the only platform that offers trading from just $0.1. This means that the smallest position you can open on this platform is only 10 cents. Unfortunately, the minimum deposit is as high as $250 so the entry threshold is relatively high. For comparison, Pocket Option offers a minimum deposit of $10 and Expert Option $10. The broker is based in tax havens so it does not require any goverment regulations. Of course, the lack of goverment regulation affects the safety of clients, but also does not limit the broker territorially. If BinaryCent had a European license, they would not be able to offer binary options in Europe. BinaryCent is available virtually all over the world with no territorial restrictions.

• Regulation: Vanuatu Financial Services Commission
• Minimum Deposit: $250
• Minimum Trade: $0.10
• Bonus: 20-100%
• Payouts: 95% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes
• Withdrawal Processing: 1 Hour
• Demo Account: Yes
• US and UK Traders: Accepted

BinaryCent Trading Platform

After logging into the platform, you will see a simple interface with a limited number of functions and a very fast trading terminal. If you’ve read our RaceOption broker review, this interface may seem very similar to you. In fact, the only difference is the color scheme. All features, design, deposit and withdrawal methods are the same. Probably the same people behind RaceOption are responsible for BinaryCent. Is that okay? If you value a fast-acting platform, this is good news. It’s also possible that the developers of BinaryCent just hired the same company to design the trading platform as RaceOption. Let’s move on to discussing the functionality of the platform.

On the left is a list of available assets. You can choose assets such as currencies, commodities and crypto. Returns on investments can reach up to 95%, but only in the afternoon when the platform has the largest number of traders. On weekends, the broker only offers OTC rates with returns of 80%. There is also a button on the left that allows you to switch to another instrument.

By default, the broker suggests using the “options” mode (binary options), but it is also possible to use the CFD mode. The broker offers very good conditions on binary options, but there are better alternatives in the context of CFD investing. If I were you, I would choose this broker just because of binary options. If you are primarily interested in CFDs, choose a dedicated broker whose reviews you can read on our website.

There is a list of currently open positions at the bottom of the platform. You can also check the history of closed transactions by selecting your preferred time period. You can even sort the results by asset type. On the right, however, there is a trading terminal that allows you to choose the following options:

Option Type – you can choose what type of option you want to open. You can choose from Turbo, Intraday and Long Term. “Turbo” mode allows you to open positions with an expiry time of up to 30 minutes. The “Intraday” mode allows you to open positions with an expiry time of up to the end of the day, and the “Long Term” mode allows you to open positions with an expiry time of up to 30 days.

Time – here you can specify the expiry time of the position. It is first necessary to select the preferred type of options that I mentioned a moment ago.

Fixed Time – This option allows you to set whether the positions should close at equal minutes or even after 60 seconds from the moment of opening the position.

Amount – Here you choose the amount you want to invest.

Call & Put Buttons – When you set all the options, you can approve the transaction by choosing in which direction you want to open the position.

As you can see, the platform is very easy to use and opening a position works flawlessly. If you want to execute orders quickly, BinaryCent is a great platform. Unfortunately, it is technologically different from more modern platforms.

Copy Trading

BinaryCent offers an interesting feature that allows you to copy earning traders. After logging in to the platform, find the “Copy Trading” button on the top bar. After clicking, you will see a list of the best traders on the platform who provide the ability to copy their games. The table informs about the percentage of return the trader has achieved and where it comes from. Unfortunately, it is not possible to check the full history and chart of how a trader regularly earns. To start copying, simply select the investment amount and then press the “follow” button. The copying will start automatically and will work regardless of whether the platform is currently enabled on your computer or not.

Contest

The broker offers regular tournaments that involve opening as many positions as possible. You just need to deposit money into a live account and open more positions than the leader of the table. For the first 3 places, you will receive cash prizes ranging from $2000 to as much as $5000. For the remaining seats, you will receive an additional deposit bonus that you can turn over. A proper spin will be required to withdraw the bonus. I will tell more about the bonuses later in this review.

Deposit & Account Types

BinaryCent, just like many other brokers, offers different conditions depending on what type of account you have. To get a higher account type, all you need to do is make a larger deposit. In some cases, it is really worth paying extra for a larger deposit, and this is the case with BinaryCent. Below is a brief description of each of the available account types:

Bronze ($250-$1000)

• 24/7 live video chat support
• Demo Account
• Withdrawals in 1 hour
• Copy Trading Tool
• Bonus +20%

Silver ($1000-$3000)

• Brozne Account Features
• Master class (web session)
• First 3 risk free trades
• Personal success manager
• Bonus +50%

Gold (>$3000)

• Siver Account Features
• 50% Deposit Bonus

It cannot be denied that it makes the most sense to choose a Silver account because it offers the most additional functionalities and an excellent 50% deposit bonus. It is also worth noting that you will receive 3 risk free trades, and this allows you to test the platform on real money without taking any risks. Remember that if you want to unlock 3 risk free trades, you must contact your account manager after paying the deposit. The Gold account is not very profitable because it does not offer too many functions, and you have to pay a lot of extra money. The only thing that would make me choose a Gold account would be a 100% deposit which will double your deposit and you will have more funds to invest.

You can make a deposit using the following methods:

• Visa / Mastercard
• Bitcoin (5% bonus)
• Altcoins
• Stablecoins
• Tether (USDT)

Account Verification

BinaryCent does not require any verification to start trading. However, if you want to withdraw funds, it will be necessary to verify your identity and confirm your address. This is because every broker must have anti-money laundering protection. The idea is that someone who has made money illegally cannot legalize these funds by trading binary options.

To verify your identity, please send one of the following documents:

• ID Card
• Driving License
• Passport

To verify your adress, please send one of the following documents:

• Bank Statement
• Utility Bill
• Bank Pament Confirmation

BinaryCent Summary

BinaryCent is a great broker that offers very good trading conditions. The great advantage of this broker is the ability to copy earning traders, a large number of bonuses and the ability to trade even from $0.10. Unfortunately, the downside is the minimum deposit of $250, but in return you get 3 risk-free trades that will allow you to check the platform. I sincerely recommend this broker and if you want to use its services, open a free account using the button below. I am sure you will not be disappointed.