Binary.com Review
Binary.com is a binary options broker, that also says to be trading with forex pairs and CFDs. The broker operates through various subsidiaries, one of which - Binary Investments (Europe) Ltd is registered and regulated in Malta, while the other are based offshore. Be aware that depending on your location and choice of account you may be redirected to an offshore company. More details about Binary.com you may find in the following review.
Trading account Min. deposit Max. leverage Spread
Standard Account n/a 1:30 n/a
Synthetic Indices Account
n/a 1:1000 n/a
Binary.com Advantages:
A variety of forex pairs indices and other instruments
Binary.com offers 28 forex pairs, some of which minor or exotic like USDMXN, USDPLN, USDNOK and USDSEK. Apart from that we counted some 24 indices, several crypto coins like Bitcoin, Litecoin and Ethereum, precious metals including gold, platinum, palladium and silver, as well as oil. Still, if you are interested in trading crypto assets, here you may also check our list of brokers trading with bitcoin CFDs:
>>Bitcoin Forex Brokers<<
Leverage of up to 1:1000
Keep in mind that since August last year the European Securities and Markets Authority (ESMA) caped the maximum leverage allowed with forex transactions for retail traders at 1:30 so basically Binary.com will offer you higher leverage either if you open an account with one of their offshore subsidiaries or if you are a professional trader. In any case here you may also check our list of brokers regulated in Australia, the last major regulatory hub, where higher leverage remains unrestricted:
Good maximum payout
We are not sure about the spreads, because we were not immediately able to open a demo forex account, but as far as binary options are concerned the maximum payout looks good - 86,9%. Basically the payout is considered attractive if with a benchmark pair like EURUSD the payout reaches 85% or above.
Still if you prefer to trade forex and CFDs here you may also check our list of brokers offering tighter spreads:
MetaTrader5 Available
Along its web based binary options platform Binary.com offers MetaTrader5 as well, and that is a positive point.
MT5 and its predecessor the MetaTrder4, are among the most widely used trading platforms on the market, featuring numerous market indicators, advanced charting tools and even modifiable trading robots, with the help of which one can easily run automated trading sessions. Here you may also check our list of brokers, supporting MetaTrader5:
You can pay wit all major e-wallets and credit cards
Binary.com accepts payments with major e-wallets like Neteller, Skrill, WebMoney and PaySafe Card, VISA and MasterCard, as well as bank wire. Still as no crypto coins are accepted, here you may also check our list of brokers, where you can pay with bitcoins:
Binary.com disadvantages:
Binary.com offered us an offshore account
Binary Limited, a holding company based on the Channel Islands, is operating Binary.com through a number of subsidiaries - eight of them, which apart from the Maltese based Binary Investments (Europe) Ltd. are all based offshore.
And depending on where you are located and whether you want to trade binary options, you may be offered to open an account with one of the offshore subsidiaries, which are either unregulated or loosely regulated by an offshore financial commission like the one in Vanuatu or the British Virgin Islands.
The only solidly regulated company here is Binary Investments (Europe) Ltd, which is licensed and authorized by the Malta Financial Services Authority. And that company alone is authorized to offer financial services in all the EU countries, including the UK.