Binary.Com Review SwitzerlandIt is one of the oldest Binary Options Broker offering its trading features to Swiss traders.
- One of the oldest Binary Options Broker in the market
- Trusted for Binary Options, Forex, and CFD trading since 1999
- Local offices at Malaysia, Malta, Paraguay, and United Arab Emirates
- Complies with multiple regulators worldwide
- Free Demo Account
- Trade with confidence – you get the best services with Binary.Com
Binary.Com Review SwitzerlandBinary.com is one of the oldest and trusted brokers in the world of Forex, CFD, and Binary Options. They offer you to trade in the financial markets with a variety of trading instruments – binary options, forex, cryptocurrencies, CFDs, and metals. Is Binary.com a legit broker, is it trustworthy? Or is it just a scam broker? Continue reading our Binary.com review to find out more about the company.
Binary.com is Binary Options and CFD trading platform provider, which is in operation since 1999. They boast of having over 1 million registered users from all over the world and processing over 20 transactions per second on average.
The company Binary.com is owned and operated by Binary Group LTD. Their head office is located in Malta; they also have local offices in Japan, Paraguay, Dubai, and Malaysia. Open an account with Binary.Com and start trading with one of the oldest and most trusted broker.
Trading Platforms – Binary.Com
Binary.com offers a variety of different trading platforms to choose from. Each trading platform has its advantages that help traders in a variety of different trading strategies.
Deriv is an easy-to-use platform that is ideal for beginners. The traders need to 1. Select your asset, 2. choose your trade type, 3. choose your expiry time, 4. your stake, and 5. which direction the market will go. Higher/Lower, Rise/Fall, and Touch/No Touch types of trades are available on the Deriv Platform.
SmartTrader is the web-based trading platform that allows you to trade in the financial markets. Other brokers use SpotOption or other 3rd party platforms, but Binary.com uses a custom-built interface that makes binary options trading as user-friendly and straightforward as possible. SmartTrader is an ideal choice for beginners as well as experienced traders.
WebTrader is a browser-based advanced trading platform that can be fully customized to preferences. The WebTrader interface allows you to arrange your charts, asset index, historical data, and other resources as you like. This trading platform is very useful and has several advanced functionalities. This makes the WebTrader platform more suitable for intermediate and advanced users.
MetaTrader 5 – Binary.Com
MetaTrader 5 is the multi-asset trading platform allowing you to trade Forex, CFDs, and binary options. The powerful MT5 platform is recognized as the global standard for traders. MetaTrader 5 comes with a variety of built-in technical analysis tools, indicators, and graphical tools. It can use automated trading using EAs, robots, and copy trading. Metatrader% is available for all operating systems – Windows, Mac OS, Linux, iPhones, and Android.
Mobile Trading – Binary.com Switzerland
Binary.com recognizes the need for its on-the-go users and offers them two different mobile-based trading apps to have access to the market while on the go. The super-fast mobile trading apps of Binary.Com help clients to trade without missing any opportunity in the market.
Binary Grid – Binary Grid is the Android mobile trading app. Its features include 24/7 trading, $1 minimum trade amount, multiple contracts at a time, and Free practice accounts.
Tick Trade App – The Tick Trade App of Binary.com offers a fast-paced trading environment with instant win-loss results. Traders can place tick trades anywhere, at any time – even while on the go. The trade expiry can be anywhere from 5 to 10 ticks.
Binary.com provides you with 79 financial instruments to choose from while trading which includes:
Binary Options – Options contracts with a fixed payout based on a simple UP/DOWN logic or HIGHL/LOW logic.
Forex – Major currency pairs, minor and exotic currency pairs.
Crypto – Cryptocurrency pairs including Bitcoin, Ethereum, Litecoin, and more.
CFDs – Trade the price movement of underlying assets with CFD trading.
Metals – Trade precious metal pairs including gold, silver, and platinum.
The traders can select the type of trading instrument to use and trade their favorite assets. The availability of a wide range of assets ensure that you are never run out of opportunities.
Account Types – Binary.com Switzerland
Binary.com offers only two types of accounts – Real Account and Demo Account.
The demo account comes preloaded with $10,000 in virtual cash; you can make unlimited practice and learn. By using the demo account, traders can test their trading strategies or test out the Binary.com platform without risking any real money.
Once you get enough practice and confidence, you can begin trading with real money on Binary.com’s platform. You can open a Real Account and make a deposit to start trading. To get started with Binary.Com, only a $5 minimum deposit is required. It makes Binary.Com one of the lowest minimum deposits brokers. The other brokers have a $200-250 minimum deposit required to start trading.
Open a Free Demo Account and start learning Binary Options in Switzerland today. Trading in a Demo Account is risk-free. Binary.Com Switzerland offers a Demo account with $10,000 virtual money for free.
The Binary Options traders from Switzerland can access the Free Educational materials available on the Binary.Com website. You can also find an explanation of each type of trading feature available on their platform. Binary.com website has the “Getting Started” section containing a wealth of information that is useful for beginners and novice traders. You can learn everything you need to know to start trading :
1.Binary Options Trading
3.How to trade cryptocurrencies
5.How to trade metals – Gold and Silver
6.Features of the MetaTrader 5 platform
Binary.com offers a wide selection of funding methods for your convenience.
The traders can deposit and withdraw using :
- Bank Transfers
- Credit/Debit Cards Including Visa and Mastercard
- E-Wallets: Skrill, FasaPay, Perfect Money, Moneybookers, Neteller, WebMoney, PaySafe Card
- Cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum
All deposits are processed by Binary.com as soon as possible with a maximum limit of 24 hours. The minimum deposit starts at $5.
The same payment methods that are available for deposits are also available for withdrawals. It takes between 1-5 days for your withdrawal requests to be processed, depending on the payment method chosen. The fund withdrawal time is relatively higher with Binary.Com as compared to other reputed brokers in the market.
Regulation and Security
Binary.Com has over 10,00,000 customers across the globe. It complies with several regulators to ensure financial stability and ethical business practices. Binary.Com hold regulatory licenses from:
1.Malta Financial Services Authority (License No. IS/70156).
2.Vanuatu Financial Services Commission
3.British Virgin Islands Financial Services
4.Labuan Financial Services Authority, Malaysia (License No. MB/18/0024)
To ensure the safety of clients’ funds, Binary.com holds them in segregated bank accounts. Personal and Financial data protection is ensured by using using the latest SSL encryption technology, in accordance with bank policies.
Binary.com provides 24/7 support to its clients. The traders can get support using the telephone, email, and Online Chat. The clients can call any of these numbers –
Australia +61 (2) 8294 5448 (Toll-Free)
South Africa +27 80 099 0561 (Toll-Free)
United Kingdom +44 1666 800042, +44 800 011 9847 (Toll Free).
The traders can send their queries to the support department of the broker at firstname.lastname@example.org. However, Binary.com doesn’t offer live chat support at the moment.
- Minimum Deposit $5
- Complies with multiple regulatory authority
- MT5, Web and Mobile Trading Available
- In Business Since 20 years
- Free Demo Accounts with $10,000 in Virtual Money
- Convenient funding and Withdrawal methods
- You can choose your own Payout, Strike, and Expiry Time
- Higher Payouts and Profit on Successful Trades
- Binary Options Bot feature allows you to create your own automated trading strategies
Is Binary.com a Scam broker?
Binary.com is one of the most trusted brokers in the industry, with 20 years of service excellence. They comply with multiple regulators to ensure ethical business practices and maintain the clients’ funds in segregated bank accounts. There are many other binary options brokers have closed down for various reasons over the years, but Binary.com has been running successfully for the last 20 years.
The Final Words – Binary.com is a perfect broker for both beginner and advanced traders. Their custom-built platform helps traders to execute trades on over 100+ different financial instruments easily and smoothly. If you’re looking for a trustworthy name among binary options brokers, and a great trading platform, Binary.com can be your best choice.