After conducting our investigation, we cannot guarantee you if Binary.com is safe enough. Registering as a trader may be very simple but with Binary.com it carries a lot of obligations and conflicting financial conditions.
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Binary.com which was formerly known as BetonMarkets.com is one of the oldest binary options brokers on the internet. The company started its operations in 1999 and rebranded itself to Binary.com in 2013. Owned by Regent Markets and Group, Binary.com holds licenses in the Isle of Man and Malta. It is estimated that the broker has more than 300,000 traders around the world. Since the company is regulated, there is not much concern about whether it is legit or not. But holding licenses also doesn’t mean that they are 100% safe and reliable. The broker has characteristics that is important that you use caution when considering, especially if you trade religiously.
Binary.com is a regulated company. Though it does not hide the name of the governing company but we still do not have enough information to declare the company as non scam. We recommend to sign up with a broker that has proven to be safe and reliable.
Binary.com Withdrawal Methods
The minimum amount that can be withdrawn is basically the same minimum amount that can be deposited which is $10. There are some deposit methods where the minimum withdrawal is as low is $5. Binary.com does charge fees for processing withdrawals and the amount usually depends on your preferred method. Your withdrawal options include credit card, debit card, Skrill, Ukash, WebMoney, and Liberty Reserve.
The withdrawal processing period is 24 hours, but it may take a longer time for you to see the funds in your account. In another part of their website, they have mentioned that the processing time is 5 days so it is safe to assume that this is the real time.
Binary.com Demo Account
At Binary.com, it is quite easy to set up a demo trading account. It is free and once you sign up, you get $10,000 in virtual money which you can use to trade assets of your choice. There are also instructions and tutorials on the site which are detailed and well structured. Before you invest real money into any trading account, it is essential that you demo trade. This helps you understand the trading platform, features and how the system works. It also helps you decide whether the broker is the right choice for you.
Binary.com Promotions and Bonuses
It is quite unusual that Binary.com does not offer much bonuses and promotions to new traders. However, they do run offers and promotions periodically, but not the way other brokers do. If you are looking to sign up at Binary.com, you must read and understand their terms and conditions. You must check out the kind of bonuses and promotions they have on offer and only sign up if the offers appeal to you.
Our team of investigators are constantly on the lookout for complaints against Binary.com. There are some minor complaints regarding the website itself. Some traders complain that the website can be slow at times and there is also limited support in multiple languages. We will continue to investigate about this broker until we are 100% sure that they are reliable and safe. Until then we recommend you to choose from our approved brokers.