BinaryCent Review: Scam or Legit broker?

binarycentBinaryCent is a binary options broker that opened up in 2017. This broker is operated by professionals in the industry with years of experience.It is owned by Finance Group Corp. Many a time, potential investors in binary options find it difficult to choose the right broker, this is as a result of numerous scams in the industry. That’s why it is pertinent to seek trustworthy reviews. For this reason we have decided to review BinaryCent to guide you as you trade.

Broker: BinaryCent

Website: https://www.binarycent.com

Platform

BinaryCent uses a propriety platform which is easily navigable and user friendly.There are numerous assets that can be traded on with different binary options types. 

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Pros(Advantages)

  • Trading can be done over the weekend

  • Fast withdrawal in 1hour

  • Trader insurance

  • 3 risk free trade

  • Trading courses

  • Minimum trade amount of $0.10(The only broker that allows you to invest with as low as 10cents)

  • Bitcoin accepted

  • binarycent advantage

One major thing that stands BinaryCent out is the possibility of traders to trade even on weekends, this is not available with majority of brokers and it gives the traders possibility of earning on weekends when most of the market is closed. In trading over the weekends take note that it’s not all the assets that would be available but quite a handful.

A source of worry in binary options trading is the number of days withdrawal requests are processed with most brokers taking days to pay, Binary Cent has advantage in this area over other brokers in that withdrawals are processed in 1hour, which is a good news for traders. There is also trading insurance in which traders get back 10% from a lost trade, but to enable this feature the payout would be decreased and also it is only available for Silver and Gold account types and not for Bronze. For the risk free trades traders are compensated in the form of a trading bonus in case of a negative trade. They also provide trading courses in book, video and web session formats.

Account types

  • Bronze: With a minimum deposit of $10 you can open the bronze account, you  get a 20% bonus and a free demo account, live chat support as well as Withdrawal process in 1hr when you want to withdraw.

  • Silver: This account type comes with all the features of the Bronze account. In addition this account type has a master class in form of web sessions and also has first 3 risk free trades and a bonus of 50%. The trader also enjoys a welcome bonus of 50%.The minimum deposit for this account type is $100

  • Gold: This is the highest type of account and it has a whopping bonus of 100%, all the features of the silver account plus a Personal success manager and also the privilege to get a Swiss prepaid card. With a minimum deposit $300 you can open this account.

 

BinaryCent Withdrawal and Deposit method

The following deposit and withdrawal method are accepted: OK PAY, Neteller, Bank Wire transfer, Visa, MasterCard, WebMoney, Qiwi Wallet, JCB, UnionPay, Perfect Money, Yandex money, AliPay. BinaryCent also accepts bitcoin. Minimum withdrawal $50 and withdrawal is processed within 1 hour.

binarycent withdrawal

Trader support

This broker knows what it takes to keep customers satisfied. BinaryCent offers live chat where they could assist you. Their response is rapid and traders can reach them on phone as well, live chat, emails. When it comes to customer support we rank BinaryCent very high.

Our Verdict

Based on our experience we can truly say that BinaryCent is not a scam broker.

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