Score
Marshall Islands
|
5-10 years
| https://www.binarycent.com/
Website
Rating Index
Influence
C
Influence index NO.1
Bosnia 3.15
LicensesNo valid regulatory information, please be aware of the risk!
Marshall Islands
WikiResearch
Malaysia
binarycent.com United States Malaysia| Binarycent Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | $250 |
| Customer Support | Live chat |
| Tel: +1-8299476393 (English) | |
| Tel: +7-499-3806317 (Russian) | |
| Tel: 3-395-0396 (Chinese) | |
| Tel: 02-21345671 (Thai) | |
| Tel: 965-65425142 (Singapore) | |
| Tel: 61-8-5550-7288 (Australia) | |
| Social Media: Instagram, X | |
| Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 | |
Founded in 2016, Binarycent is an unregulated broker that specializes in cryptocurrency trading. Binarycent is registered in the Marshall Islands. Customers can learn that the leverage is up to 1:500, and the minimum deposit is $250. In terms of other details such as spread, account types, and trading platforms, its official website does not reveal.
| Pros | Cons |
| Specialized in crypto trading | No regulation |
| 24/7 multilingual support | Lack of transparency |
| First deposit bonus | |
| Multiple payment methods |
No, Binarycent is not regulated. Please be aware of the risk!
| Tradable Instruments | Supported |
| Cryptocurrencies | ✔ |
| Indices | ❌ |
| Commodities | ❌ |
| Bonds | ❌ |
| Forex | ❌ |
| Stocks | ❌ |
| ETFs | ❌ |
The leverage of Binarycent is up to 1:500. Since leverage can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
| Deposit and Withdrawal Methods | |
| Cryptocurrencies | Bitcoin, Litecoin, Ethereum, Monero, Bitcoin Cash, Primecoin, Reddcoin, JRSH, SHAekc, AeHbry |
| Cards | VISA, VISA Electron, VISA DEBIT, Mastercard, Maestro |
| E-wallets & Local Systems | WebMoney, NETELLER, QIWI, CASH, WIRE TRANSFER |
| Payment Options | Transfer Fee | Minimum Deposit | Deposit Processing Time | Withdrawal Processing Time |
| VISA, MasterCard | 5% | $250 | Instant | Up to 1 hour |
| Bitcoin | ❌ | $250 | Instant | Up to 1 hour |
| Ethereum | ❌ | $250 | Instant | Up to 1 hour |
| Altcoins | ❌ | $250 | Instant | Up to 1 hour |
cmvm warns investors about Wave Makers LTD ( Binarycent )
Country/Region
Disclosure time
2024-02-16
Disclose broker
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
Country/Region
Disclosure time
2023-04-20
Disclose broker
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Country/Region
Disclosure time
2022-09-20
Disclose broker
Notice of Fraud Certificates of the Financial Dealers License
Country/Region
Disclosure time
2021-10-01
Disclose broker
Warnings (unauthorised firms and other entities).
Country/Region
Disclosure time
2019-07-01
Disclose broker
Blacklists of unauthorized companies and websites: Forex.
Country/Region
Disclosure time
2018-06-22
Disclose broker
Being made to do a lot of back and forth for withdrawal access endlessly at Binarycent without any success? Receiving unsatisfactory replies from the forex broker officials on withdrawals? Is the bonus unremovable from your forex trade? Have you witnessed capital losses due to manipulative trades by the broker? All these clearly indicate scams at Binarycent, a Marshall Islands-based forex broker. Many have accused the broker of serious fraud allegations online. In this article, we have put their comments. Read on to find out.
When you want to start trading, one of the first tasks you have to fulfil is finding the right broker. During your research, you probably stumbled across BinaryCent. Here, we give you more information about this broker and help you decide if this broker is the right choice for you.
Binary options brokers offer traders an accessible way to make money in the binary options market. However, with so many binary brokers to choose from, picking the best trading platform for your needs can feel overwhelming.
BinaryCent provides 24/7 live video chat support and multiple account types but lacks regulatory protection and transparency on spreads and commissions, which raises concerns about safety and cost clarity.
The minimum deposit on BinaryCent is $250 or equivalent in other currencies, allowing access to the platform and trading services.
BinaryCent is not regulated by any recognized financial regulatory authority. This lack of regulation means the platform operates without official oversight, which increases inherent risks for traders. Caution is advised when trading on unregulated platforms.
Deposits are processed instantly, enabling immediate trading access. Withdrawals are generally processed within 1 hour; however, delays may occur during weekends and public holidays.
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DANIEL6448
Brazil
scam company, I deposited 60 USD and profited 6x the deposit amount, a total of $353 in profit. Even so, they won't let me withdraw, claiming that I have to negotiate 3x the deposit amount, whereas I negotiated 6x. They are scammers, stay away. (they put a bonus on my account without me asking just to stick to the terms and conditions).
Exposure
Mayaz Ahmad
Bangladesh
A client has reported that this broker is a big manipulator of trade.
Exposure
AdamNeal
Germany
I prefer learning through videos, and the educational videos provided on this platform are incredibly helpful. They clarify things I wouldn't understand as easily otherwise. The tool's color coding also makes it quick to spot trends and patterns. However, the charting tools could benefit from more customization options to better suit my need for detailed analysis. Even so, the platform's visual layout reduces the stress of learning and trading.
Positive
JayNelson
United States
I've been using Binarycent for a few months, and their user-friendly platform has exceeded my expectations. Last Tuesday, I managed to place a quick trade on EUR/USD during my lunch break thanks to the intuitive interface. I also appreciate that you can start trading with just $0.10, which is ideal for testing new strategies with minimal risk.
Positive
FX2924191638
Canada
I am the biggest beneficiary of the Binarycent platform’s copy trading feature, which has enhanced my trading skills. I realized more trading approaches and market analysis lessons through following successful traders. This brings us to the next key benefit of the platform: instant execution. The world of binary options is pretty fast, and delay can cost a lot of money; Binarycent does not disappoint me. The main disadvantage which I can single out is the small number of technical indicators offered. Additional methods of analysis are also desirable at this stage.
Positive
RobertGreene
United States
One aspect of Binarycent that's really stood out to me is their customer support. Last month, I had an issue with a withdrawal, and their team resolved it within hours. I'm also impressed with the range of expiry times available. Just yesterday, I made a successful trade on a 30-minute oil option, which fits perfectly with my trading style. On the flip side, I find their educational content a bit lacking. As someone trying to improve my skills, I wish they offered more advanced strategy guides and webinars.
Positive
FX9441493112
Poland
There are these special trading contests that Binarycent offers during the different seasons, and boy, has it changed the whole aspect of trading for me? I love the leaderboard system and it truly makes me want to compete in my own strategic way. Furthermore, the prize money is quite reasonable for the events that take place. On the other side, I wish they opened more often and of smaller amounts as some of us are not high rollers as they keep suggesting. The big ones may be a little on the intimidating side. On the whole, it is entertaining and is an interesting way to vary trading.
Positive
FrankValdez
United States
Navigating this platform as a novice trader has been a breeze. The intuitive dashboard and seamless functionality on both app and web make it easy to manage trades and monitor performance. I hope to see more advanced charting tools in the future.
Positive
JamesKelly
United States
I used to struggle with trade analysis until discovering a platform that offers intuitive copy trading. This feature allows me to mimic top expert traders' positions with just a click. Recently, I mirrored a trade on gold and rode the surge for a sizable profit. This method provides a solid starting point for learning technical analysis.
Positive
WallaceEstrada
Philippines
Monitoring short-term trades was straightforward, though lacking backtesting capabilities was a drawback. Responsive customer service compensated for the platform's simplicity.
Positive
WilliamFleming
United States
The affordable $0.10 minimum trades and high payouts up to 95% have made BinaryCent an excellent choice. The platform's user-friendly interface and the effectiveness of the copy trading bots have significantly enhanced my trading experience, coupled with the benefit of instant withdrawals.
Positive