- 9.1 Is BinaryCent suitable for day trading?
- 9.2 What is the least deposit condition to have a trading account?
- 9.3 How fast can my withdrawal request be processed?
- 9.4 Is BinaryCent a reliable broker?
- 9.5 What kind of trading platform does BinaryCent have?
- 9.6 What is the maximum leverage available?
- 9.7 Can I deposit and trade with Bitcoin or other Cryptocurrency?
BinaryCent is an online financial trading platform that was recently settled in 2017. The trading platform is overseen by an administration organization known as Cent Project Ltd, an auxiliary of the Finance Group Corp that is situated in Vanuatu. Their administrative center is situated on the Second Floor, Transoceanic Haus, Lini Interstate, Vanuatu. The Finance Group Corp is additionally the holding organization of another driving parallel alternatives trading platform called BinaryMate. BinaryCent anyway practices in giving paired alternatives trading services, yet in addition spot forex and Contract for Differences (CFDs).
Regulation and Reputation
As far as administrative oversight, BinaryCent is a controlled business firm under the oversight of the Vanuatu Financial Services Commission. The reason is- the way BinaryCent works under the corporate umbrella of the Finance Group Corp.
Not at all like its sister-trading platform BinaryMate, which is equipped towards the standard market; BinaryCent’s market fragment is centered more towards more modest online brokers. This is the reason one of the critical attractions of BinaryCent is the capacity to put exchanges with speculation as low as a dime.
The trading platform received by BinaryCent is a restrictive trading platform that grew only for the Finance Group Corp. This is the motivation behind why the platform bears numerous similitudes with the trading platform utilized by related brands. An online trading platform, the platform can be gotten to with any state-of-the-art internet browser.
This disposes of any requirement for a dealer to download and introduce any product onto their PCs.
Regardless of being only an online trading platform, the platform works productively and comes incorporated with various trading devices like trading outlines and specialized pointers. With its easy-to-understand interface, BinaryCent’s trading platform is a delight to utilize.
Dealers who wish to exchange the monetary business sectors while they are progressing can likewise do as such with their cell phones or tablets by downloading the mobile trading app from Apple’s App Store (iOS – iPhone and iPad) or Google Playstore for android gadgets.
As a feature of their item offering and administrations, BinaryCent has given the mobile app free. As far as functionalities, the mobile trading app satisfies similar essential capacities as its electronic partner. The lone key distinction is the way that it is improved for the more modest screens of cell phones and mobile gadgets,
Trading Accounts Offered
To meet the changing requirements of their customers, BinaryCent has furnished their customers with a decision of 3 distinct sorts of trading accounts. They involve the Bronze account, the Silver account, and the Gold account.
Bronze Trading Account
Minimum deposit of $250
Live video talk support
20% deposit reward
Silver Trading Account
Minimum deposit of $1000
Live video talk support
half deposit reward
Gold Trading Account
Minimum deposit of $3000
Live video visit support
100% Deposit Reward
3 Risk-Free Trades
Bonuses and Promos
As can be seen over, the bonuses offered by BinaryCent range from 20% to 100% contingent upon the kind of trading account the trader has pursued. All things considered, traders ought to know that there are agreements connected to the honor of these bonuses. One of the critical prerequisites for the encashment of the reward is the need to satisfy a minimum trading volume (turnover).
Aside from the deposit reward, BinaryCent has additionally given their traders different impetuses, for example, “Risk-Free Trades” and trading challenges. For the risk-free trade promo granted to Gold account holders, BinaryCent will repay the trading misfortunes of the trader if the absolute equilibrium of the initial 3 exchanges is negative.
Notwithstanding the risk-free trade promo, BinaryCent likewise holds a normal trading challenge with a prize pool of $20,000. Consistently, 20 victors will be chosen from the candidates.
Assets and Instruments
As far as trading assets, BinaryCent offers the accompanying classes of assets:
For spot forex and CFDs, BinaryCent offers a maximum leverage ratio of 1:100. The resource file is a developing rundown – the firm is generally new. The concentration at present is Cryptographic money and altcoin, yet different assets are added as the contribution develops. All things considered, the current rundown actually covers every one of the significant assets a trader would hope to discover.
With respect to the support administrations at BinaryCent, it is given on a day in and day out premise. Traders who need support can connect with the support group through live visits, web contact structure, or by calling them straightforwardly on the phone.
Deposit and Withdrawal
For the subsidizing of trading accounts, BinaryCent has given a few strategies which their customers can use to finance their trading account. These various strategies incorporate the accompanying:
Significant Mastercards like VISA and Mastercard
Cryptocurrency wallets that accept Litecoin, Ethereum, Bitcoin, Dash, and other altcoins eWallets like Skrill, WebMoney, Skrill, Neteller
For withdrawals, similar techniques are likewise supported by BinaryCent. Aside from a 5% charge for Mastercard withdrawals, BinaryCent doesn’t charge any withdrawal expenses. In any case, there is a minimum withdrawal sum necessity of $50. Concerning the withdrawal time, BinaryCent ensures that all withdrawal solicitations will be handled within 60 minutes.
Is BinaryCent suitable for day trading?
There are many factors that make BinaryCent a perfect trading stage for day traders. Firstly, you can trade in several asset classes, for example, forex, commodities, stocks, cryptocurrencies, and market indices. Additionally, you can trade the spot forex market, CFDs market, and binary options market as well. With the binary course of action, your trades can be as quick as 60 seconds.
Generally important of all, the minimum investment requirement imposed by BinaryCent is simply $10 per trade. This gives you the ability to extend your limited investment capital to cover more market positions at minimal risks.
What is the least deposit condition to have a trading account?
For the bronze trading, the minimum deposit amount at BinaryCent is $250. $1000 is the minimum deposit requirement for the silver trading account. As it is a Gold trading account, the minimum deposit is $3000.
How fast can my withdrawal request be processed?
BinaryCent ensures all withdrawal requests to be processed within 60 minutes. However, it ought to be noticed that it could take several days before the withdrawn amount is presented on your credit card account.
Is BinaryCent a reliable broker?
Indeed, BinaryCent is a reliable broker. It is a division of the Finance Group Corp, which possesses many leading online trading platforms.
What kind of trading platform does BinaryCent have?
BinaryCent utilizes a proprietary online trading platform that has been grown exclusively for the Finance Group Corp. Also, at Apple’s App Store and Google Playstore, the platform is available for download as a mobile trading app.
What is the maximum leverage available?
For CFDs trading, the maximum provided leverage is 1:100.
Can I deposit and trade with Bitcoin or other Cryptocurrency?
Indeed. 14 different cryptocurrencies are supported for account balances.
BinaryCent allows traders from Australia, United Kingdom, Thailand, South Africa, Hong Kong, Singapore, India, Sweden, France, Italy, Germany, Norway, Luxembourg, Denmark, Saudi Arabia, Kuwait, Qatar, United Arab Emirates, and most other countries.
Traders can not utilize BinaryCent from United States, Canada, Israel, Cyprus.
Alternatives to BinaryCent
If you are searching for alternatives to BinaryCent, we have assembled a list of the top 5 brokers that are similar to BinaryCent below. This list of brokers like BinaryCent is in order of similarity and just includes companies that accept traders from your location.
CoinMama – Coinmama’s target is to make entering the crypto market as simple as possible, offering ETH, BTC, LTC, BCH BCH, ADA, and XTZ.
BitMex – Bit Mex offers the largest market liquidity among any Crypto exchange. Its advantages or specialties- Ultra-low trading expenses and minimum deposit requirements. Join in 30 seconds.
Coinbase – Coinbase is the easiest place to purchase, sell, and manage your cryptocurrency portfolio.
Binance – Binance is one of the notable online crypto exchanges which offers Bitcoin.
Kraken – Kraken is a top crypto trading exchange that offers the largest altcoins by market cap.