With this broker, you can use binary options and CFDs to gain exposure to forex, cryptocurrency, stocks, and commodities. The maximum leverage is 1:500 for CFDs.
BinaryCent accepts both deposits and withdrawal in cryptocurrency, and a fairly large selection of cryptocurrencies are accepted, including Bitcoin, Litecoin, Ether, BlackCoin, RedCoin, Dash, and Monero – just to mention a few.
The minimum deposit here is $250 which is quite a lot for a binary options broker catering to hobby traders. If you don´t like the idea of making such a big first deposit, there are other plenty of other brokers availble online where the minimum deposit is within the $10 – $50 range.
BinaryCent is a sister-site to BinaryMate.com.
Account levels and account types
Account levels
- Bronze Account.
- Silver Account
- Gold Account.
Speciality accounts
Traders can not get any type of speciality account here.
DMA Account
No
ECN Account
No
Ethical Investment Account
No
Indian Demat Account
No
Islamic / Muslim / Sharia / Halal Account
No
LAMM Account
No
MAM Account
No
PAMM Account
No
STP Account
No
The trading platform
With BinaryCent, you will be using their own proprietary trading platform. You will not get access to any third-party platform, such as MT4, MT5 or cTrader.
The BinaryCent platform includes tools for technical analysis, including charts which can be viewed in tick/line or candle format. The candle format is a fully customizable charting package from TradingView. The package includes technical indicators, time frames, drawing tools, and more. Trading is possible directly from the chart.
Can a trade on my mobile phone?
Yes, mobile trading apps are available for iOS and Android.
Demo Account
You can check out what BinaryCent has to offer by signing up for a free Demo Account.
Trading
Minimum trade size
$0.01
Underlying assets
Examples of what you can gain exposure to at BinaryCent:
- 25+ different forex pairs
- Cryptocurrency pairings
- Stocks
- Commodities (gold, silver, crude oil)
Examples of cryptocoins
- BTC
- DSH
- EOS
- ETC
- ETH
- IOT
- LTC
- OMG
- SAN
- XMR
- XRP
- ZEC
Expiry for binary options
- Turbo. Set the expiry time in 1 minute increments, up to a maximum of 30 minutes.
- Intraday. Expiry at every hour during the trading day.
- Long Term. Up to 30 days.
Payouts
Payouts on binary options are typically in the 60% – 80% range. Expiry and volatility have a big impact on payouts. Maximum payout is 95%.
Leverage
Maximum leverage is 1:500 for CFDs.
Copy trading
A copy trading feature is built into the BinaryCent platform and using it is very easy.
The traders that are available for you to follow have been selected based on their win rates over time.
When you decide to follow and copy a trader, you can adjust the trade size from 1 to 100 times the original trade.
Automated trading
Automated trading can be carried out using the Cenbotbot for binary options.
Account currency
Accounts are denominated in USD or EUR.
Deposits & Withdrawals
BinaryCent accepts a variety of transaction method types, including credit/debit cards, e-wallets, wire transfers, and cryptocurrency transfers. You can for instance use Bitcoin, Ether or Dash to fund your trading account.
Examples of accepted transaction methods:
- VISA (debit/credit card)
- MasterCard (debit/credit card)
- Bitcoin Payments
- Ethereum Payments
- Skrill
- Neteller
- Perfect Money
- WebMoney
- POLi
- Wire Transfer
Minium deposit amount: $250
Minimum withdrawal amount: $50
Withdrawal fee: BinaryCent does not charge any fees for withdrawals. (As always, your selected transaction method might charge you a fee. Make sure you know in advance.)
BinaryCent prides themselves on their fast processing of withdrawal requests. Under normal circumestances, you can expect your request to be handled within one hour. (The rest of the process depends on the quickness of your chosen transaction method. Cryptocurrencies tend to be the fastest.)
Important: To comply with anti-money laundering routines, BinaryCent will require you to verify your identify before you start making withdrawals. This process can take some time, so it is best to get it done right away instead of waiting until you really need to make a withdrawal and want the money quickly. For more information, contact the customer service at BinaryCent.
Welcome bonus
A variety of welcome bonuses are available. Which one you get depends on the size of your first deposit, as it decides which account type you will start out with. At the Bronze level (basic level), you get a 20% first deposit bonus, the Silver level is a bit better, and at the Gold level you get a 100% first deposit bonus + a welcome gift in the form of 3 “risk free” trades. Money lost on “risk free” trades will be replaced by bonus money, and all bonus money comes with trading requirements.
The trading requirement for bonus money is 20x the bonus. If you do not reach at least 3x account turnover within 3 months, the bonus will be removed together with any profits derived from the bonus.
No withdrawals should be made from your account until you have met the trading requirement for the bonus. If you elect to make a withdrawal anyway, the bonus will be removed together with any profits derived from the bonus.
This is just an overview. Make sure you read and understand the fine print from BinaryCent before you accept any bonus. In some situations, it is better to turn down the bonus offer and enjoy the account free and clear of impediments.
Ownership and regulation
The broker BinaryCent is owned by Finance Group Corp & Cent Projects Ltd, a company based in Vanuatu. BinaryCent is operated by another company on behalf of the owner. That company is Suomen Kerran LP and it is based in Grear Britian. The address for Suomen Kerran is Centre Office, 58A Broughton Street, Edinburgh, Scotland, UK. The company license number is SL25219.
BinaryCent.com and BinaryMate.com are sister-sites with the same people behind both of them.
Customer service
Phone support: 1-829-9476378
Email support: Use the email form at the BinaryCent web site.
Live chat support is also available.
Questions and answers
Which cryptocurrencies are accepted at BinaryCent?
A wide range of cryptocurrencies are accepted at BinaryCent. Contact the customer support for a complete list.
Examples of accepted cryptocurrencies:
- Bitcoin
- Bitcoin Cash
- BlackCoin
- Dash
- Ethereum
- Litecoin
- Monero
- Peercoin
- Primecoin
- Reddcoin
- Zcash
Is BinaryCent arranging trading contests?
Yes, all real-money accounts are automatically considered for the trading contests. A typical weekly trading contest at BinaryCent will give out 20 prizes. Contests are won based on trading volume, win rate and profits. It is possible to participate in a contest even when utilizing copy trading.
Is boundary binary options available here?
Yes, you can find both High/Low binary options and Boundary binary options on this trading platform. Ladder binary options are not available.
Will I have Negative Account Balance Protection with this broker?
No
Is P2P trading available?
No
Does BinaryCent offer VPS hosting?
No, this broker does not offer Virtual Private Server hosting.