Warning! This Broker is NOT Licensed in the USA!
Use The Popular Broker TradeStation
BinaryCent is a Forex & Options broker that opened in 2017, owned by Finance Group Corp located at: 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. They are operated by Cent Projects Ltd., 309 & 310 Albert Street, Victoria, Mahe, Seychelles.
Automated Trading Robots
ALERT: Don’t get trapped in a bad automated trading software, read more.
You can read more about automated trading systems, look here.
The trading system that Binary Cent gives their clients in a proprietary system that we see is also used by the broker BinaryMate. They offer 3 types of binary options; Turbo, Intraday and Long Term options. The Turbo options are for 30 seconds, 1, 2, 5, 10, 15 and 30 minutes. Long term options are weekly that go out five weeks.
Crypto Currencies are the main focus now, and they offer trading on: Bitcoin, Litecoin, Ethereum, Zcash, Primecoin, Peercoin, BlackCoin, Dash, Monero, Bitcoin Cash and Reddcoin.
At BinaryCent the smallest deposit accepted for a new trading accounts is now $250, and the minimum trade size is $0.10. The minimum withdrawal size is $50. When trading binary options your wager is set in cents, not dollars.
BinaryCent offer new traders bonuses up to $5,000, which is 100% of a $5,000 deposit. As with all brokers, there are certain terms and conditions attached to the bonus money, and it is important for a new investor to really understand the rules. In order to withdraw your money after accepting a bonus, you need to have trading volume of 20 times your deposit.
There are many complaints in the investors forum from traders who took bonus money without understanding how it works.
Scam Broker Investigator has reviewed more than 300 Bitcoin & Forex brokers since we launched in 2012. One of the best ways you can determine if a broker is legitimate or a scam, is to check if they have a license from your local government financial regulator.
When reviewing BinaryCent, we see that they have a license in Vanuatu. You can compare all licensed brokers by looking here.
Warning! FINRA recently published an investor alert regarding offshore binary options brokers.
Read the alert on FINRA’s website here.
Please share with other investors your experience while trading binary options at BinaryCent.