Binary.com (formerly BetOnMarkets.com) is an award winning fixed odds financial betting broker that is based in the Isle of Man and Malta. The platform is owned and operated by the Regent Markets Group with extensive business interests in the Asian Pacific region. Operating as an online gambling platform, binary.com is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission as well as the by the Lotteries and Gaming Authority in Malta. The reason why there are two operational bases is because the broker uses different corporate vehicles to serve clients in the European Union market and U.K’s market.
At first glance, one can see that the trading platform offered by Binary.com is quite unlike all the other platforms normally seen with other binary brokers. For one thing, the interface is deceptively simple. All the basic functionalities are there. There is actually really nothing extraordinary with Binary.com’s platform until you scroll further down…it’s a different picture entirely. I was pleasantly surprised to find that this platform offers such a comprehensive charting feature for their platform.
In addition, traders have the option to obtain the list of daily prices and intraday prices from the tabs located just below the main trading platform. The prices displayed are quite detailed show even the percentage change on the right side of the price quotes.
As mentioned earlier, one unique feature about Binary.com trading platform is the charts they provide. Traders can choose between the different types of displays available:
- Line Charts
- Interactive Charts
- Pop-up Charts
- Legacy Charts
As Binary.com is not your typical binary options broker, the types of trading contracts they offer differ slightly from mainstream binary contracts. For example, traders can choose from:
- Rise/Fall Option Contract
Traders will decide if the expiry price will RISE or FALL from its current spot price.
- Higher/Lower Option Contract
Traders will decide if prices will end up HIGHER or LOWER than a predetermined price target.
- Touch/No Touch Option Contract
Payout is made when prices Trade TOUCH or NOT TOUCH a predetermined price target during duration of the contract.
- In/Out Option Contract
The aim is to see if prices will be IN between or OUT of two price targets.
- Tick Trades
Similar to 60 seconds options, traders here decide which way the market will go in 5 ticks of price movements. Tick Trades are further classified into:
- Up/Down Trades
- Lucky 10 Digits
- Quick 10%
Demo & Trading Accounts
One great thing about Binary.com is the fact that they let would be clients try out their platform with a demo account with $10,000 virtual money. This is not something you find often with other binary brokers. Most other brokers will require that you place a deposit first before they let you access their trading platform.
Once a trader decided that he wants to open a live trading account with binary.com, all he has to do is to fill up the registration form and place a very small minimum initial deposit of $/£/€ 5.
The payout ratios at binary.com vary from around 60% to 110% depending on the contract types. The exact payout can be seen the right side of the trading platform. Traders should that note that the ratio changes constantly according to the market fluctuation.
The list of asset available is truly wide ranging. Traders can choose from Forex, Commodities, Stocks, Indices and the Random Index and Quotidians Market. To get an idea of what is on offer; readers can visit their website to view the full list.
Customer support is available 24 hours a day from Monday to Friday. Basically, traders can choose from emailing them, calling them or requesting a call back.
Because Binary.com is operating as an online gaming platform, they are currently being regulated by the gaming regulatory authorities in Malta and the Isle of Man. However, this is likely to change in the near future as Malta is currently looking to regulate the trading of binary options on the island. So before that happen, traders have to rely on the gaming authorities to protect their legal rights.
Nevertheless, one has to remember that Binary.com is part of a multinational conglomerate so it is unlikely that they will do anything illegal to jeopardize their corporate image.
- Advanced Charting Tool
- Demo Account
- Exciting Trade Contracts
- Extensive Asset List
- Flexible Trading Conditions
- Good Support Services
- High Returns
- Long Operational History
- Simple Trading Platform
- Low Minimum Deposit Requirement
The fact is I was won over by what Binary.com has to offer to its clients. They made it easy to open a live account by setting a low minimum requirement of just $/£/€ 5 (depending on your currency of choice). In addition, their trading platform is truly unique with charting tools as advanced as a dedicated Meta Trader platform. Their long operational history and the fact that they are a subsidiary of a larger entity give me the peace of mind to trade with them. So if you are looking for a different kind of binary broker than what the industry has to offer, I guess Binary.com, is the one to choose.