All Share (J203) = 88 525
Rand / Dollar = 18.08
Rand / Pound = 23.49
Rand / Euro = 19.74
Gold (usd/oz) = 3 000.41
Platinum (usd/oz) = 1 000.31
Brent (usd/barrel) = 70.92
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Binary.com Review

Binary.com Review
 

Overall, Brinary.com is considered low-risk and can be summarised as a trustworthy and reliable broker. Brinary.com offers a low minimum deposit of $5 USD. Brinary.com offers a wide range of customer-supported languages.

 

Binary.com at a glance

Broker's Name Binary.com
📍 HeadquarteredUSA
📅 Year Founded1999
⚖️ Regulating AuthoritiesVFSC (Vanuatu), FSC (British Virgin Islands), IBFC (Malaysia)
🌐 Countries not accepted for tradeUSA, Canada, Hong Kong, and Japan
☪️ Islamic account (swap-free)No
👍 Demo AccountYes
📊 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:1000
💰 Minimum Deposit5 USD
💳 Deposit Options Debit/credit card (Visa and Mastercard), Union Pay, Bank Wire, Money transfer, E-Cash methods, Skrill, OkPay
💳 Withdrawal Options Debit/credit card (Visa and Mastercard), Union Pay, Bank Wire, Money transfer, E-Cash methods, Skrill, OkPay
💻 Platform TypesBinary.com platform, Binary Tick Trade App, MetaTrader 5, Binary WebTrader, Binary Next-Gen platform, Binary Bot platform
📱 OS CompatibilityiOS and Android
📈 Tradable assets offered Cryptocurrencies, Forex, Indexes, Precious metals, and Commodities
👨‍💼 Languages supported on WebsiteEnglish, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian
👥 Customer Support LanguagesEnglish, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian
📆 Customer Service Hours24/7
📌 Open an account 👉 Click Here

 

Min Deposit

USD 5

Regulators

VFSC, FSC, IBFC

Trading Platform

MT5, Binary WebTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Who is Binary.com?

 

Who is Binary.com?

 

According to research in South Africa, Binary.com was first known as the Binary Group. Binary.com was founded in 1999 and is an American forex broker with offices in different countries such as Malta, Malaysia, and Japan. Binary Group, which is a valued name in the binary options trading business, started Binary.com and introduced some of the first Bitcoin accounts.

 

Who is Binary.com?

 

Until 2013, Binary.com had been known as BetonMarkets.com, and a rebrand was undertaken with the purpose of capitalizing and increasing its share in a growing binary options market. Binary.com’s patented pricing technology allows you to benefit from the same rates of return as traders in the interbank market. With Binary.com, you can count on us to serve you with integrity and reliability.

 

Who is Binary.com?

 

Binary.com offers the world’s financial markets in a simple, user-friendly platform.

 

A Quick Overview of Binary.com- 24 Key Points

  1. Binary.com at a glance
  2. Who is Binary.com?
  3. Binary.com Safety and Security
  4. Binary.com Affiliate Program
  5. Binary.com Minimum Deposit
  6. Binary.com Review Pros and Cons
  7. Binary.com Leverage
  8. Binary.com Accounts
  9. Binary.com Market Instruments
  10. Binary.com Fees, Spreads, and Commissions
  11. Binary.com Deposit and Withdrawal
  12. Binary.com Trading Platforms
  13. How to Open a Binary.com Account
  14. Binary.com Customer Support
  15. Binary.com Education
  16. Binary.com Research
  17. Binary.com Awards
  18. Binary.com vs TradersHome vs Tradersway – A Comparison
  19. Binary.com’s Top Countries by Similar Web
  20. Binary.com Current Popularity Trends
  21. Binary.com Customer Reviews
  22. Conclusion
  23. Disclaimer
  24. Frequently Asked Questions

 

Binary.com Safety and Security

 

Binary.com Safety and Security

One of the best benchmarks to measure the safety of a broker like Binary.com is to establish which regulating authorities are watchdogs over its actions. This broker holds multiple licenses to comply with regulations around the world including VFSC (Vanuatu), FSC (British Virgin Islands), and IBFC (Malaysia).

 

Binary.com Affiliate Program

 

Binary.com Affiliate Program

 

Spread the word to your audience. Use your unique referral link and our tried-and-tested referral tools to drive traffic to Binary.com.

 

Binary.com Affiliate Program

 

Binary.com Minimum Deposit

 

Binary.com has a minimum deposit requirement of $ 5. This minimum deposit amount is equivalent to ZAR 85,00 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

 

💳 Binary.com Minimum Deposit$5 USD
ZAR85 ZAR
📌 Open an account👉 Click Here 👈

 

Binary.com Review Pros and Cons

 

✔️ Pros❌ Cons
Well-regulatedVariable spreads
Affordable minimum depositLimited account options
Appropriate for novice traders
Variety of trading platforms

 

Binary.com Leverage

 

Binary.com Leverage

 

Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increase your potential loss.

 

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

 

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

 

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades; otherwise, your trading account will be fully hedged.Binary.com offers a maximum leverage ratio of 1:1000.

 

Binary.com Accounts

 

Binary.com Accounts

 

A forex account at Binary.com is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Binary.com hosts the following account types:

🌐 Binary.com Account TypesDemo Accounts
Standard Account
Metatrader5 Accounts
📌Open an accountt

 

Binary.com Review

 

Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. Binary.com offers the following types of accounts: A virtual (demo) account and a Standard account.

 

🌐 Binary.com Demo Account Features10, 000 USD Virtual Funds
Risk - 🆓
Open an account👉 Click Here

 

Binary.com Market Instruments

 

Binary.com Review

 

The most popular market instruments available from most brokers for trading include:

Forex:

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

 

Commodities:

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.

Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

 

Indices:

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

 

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

 

Energy:

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

 

Binary.com offers multitudes of different assets which range from Cryptocurrencies, Forex, Indexes, Precious metals, and Commodities.

 

Binary.com Fees, Spreads, and Commissions

 

Binary.com Fees, Spreads, and Commissions

 

Cost depends on different factors, like spread and margins, and Binary.com clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

 

Min Deposit

USD 5

Regulators

VFSC, FSC, IBFC

Trading Platform

MT5, Binary WebTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

 

Binary.com only charges commission on cryptocurrencies although the exact amount is not specified on the broker website. Binary.com has dormancy fees that are charged for inactive accounts. The fee is 25 USD, or the equivalent, every six months if there is no activity for a year. Spreads are variable depending on the financial instrument being traded.

 

Binary.com Deposit and Withdrawal

 

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next. Binary.com requires a minimum deposit of 5 USD and supports the following deposit and withdrawal methods:

 

Binary.com Deposit and Withdrawal

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Binary.com Trading Platforms

 

Binary.com Trading Platforms

 

The forex trading platform provided by Binary.com is the software to carry out trades. Some brokers provide only one trading platform while others offer several. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

 

Binary.com Trading Platforms

 

Binary.com provides two kinds of basic platforms namely the Binary.com platform and the Binary Tick Trade App. Both of these platforms are used for trading binaries, but the Binary Tick is designed specifically for mobile trading.

Advanced Platforms For advanced traders, Binary.com offers the following platforms:

▶ The MetaTrader 5 platform, for CFDs and forex trading

Deriv.com Platforms

▶ The Binary WebTrader, for advanced binary options trading

 

How to Open a Binary.com Account

 

As with a bank, to register a forex trading account with Binary.com for the first time, you will be required to go through a basic “know your customer” process. This will allow Binary.com to ascertain that your submitted details are correct and ensure the safety of your funds and account details.

 

Follow these steps to open a Binary.com Trading account:

 

🟢 Step 1 – Go to the Binary.com official website

 

Click on the “log in” button at the top of the landing page to start the process of registering a Binary.com account.

 

How to Open a Binary.com Account

 

🟢 Step 2 – Select the Binary.com Create account option

 

Create a Binary.com account by selecting “create account” and follow the prompted steps.

 

How to Open a Binary.com Account

 

🟢 Step 3 – Binary.com Account Application

 

Provide your email address to create the Binary.com account application.

 

How to Open a Binary.com Account

 

🟢 Step 4 – Verify your email address and receive your Binary.com credentials.

 

How to Open a Binary.com Account

Enjoy  Binary.com Trading.

 

 

Binary.com Customer Support

 

Binary.com Customer Support

 

Binary.com Customer Support

 

Potential traders need to make sure the broker they choose will offer adequate support whenever they need it. Binary.com customers can reach the support team via telephone and email. Clients are assisted in any of the following 12 languages namely English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian, and Russian.

 

Binary.com Education

 

Before starting to trade, potential clients of Binary.com should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

 

Min Deposit

USD 5

Regulators

VFSC, FSC, IBFC

Trading Platform

MT5, Binary WebTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Binary.com offers a section on their website with five pages of tutorials for the beginner trader. There is also a section on getting started in trading and it contains thorough explanations on how to use the trading platforms.

 

Binary.com Research

 

To be able to trade with confidence, traders should conduct thorough research on speculative trading before trading can commence. Traders should explore every deal to ensure that they do not lose money unnecessarily and trade as profitable as possible.

 

Binary.com provides access to various research tools embedded in their trading platforms software such as an economic calendar that keeps track of annual events.

 

Binary.com Awards

 

Binary.com Awards

 

Being an awarded broker instills extra confidence in traders. Binary.com can display several awards accumulated during its years in business.

 

Binary.com vs TradersHome vs Tradersway - A Comparison

🥇 Binary.com🥇 TradersHome🥇 Tradersway
💳 Minimum Deposit$5$250$10
🎉 Bonus
💻 MT4
☪️️ Islamic Account

 

Binary.com's Top Countries by Similar Web

🌐 Brazil
20.40%
🌐 Colombia

9.81%
🌐 South Africa
9.62%
🌐 Sri Lanka
8.09%
🌐 Kenya
7.35%
🌐 Others
44.72%
Open an account👉 Click Here

 

Binary.com Similar Web

 

Binary.com Current Popularity Trends

 

According to Google Trends, here is an overview of how frequently the search term – “Binary.com” is entered into Google’s search engine over a given period of time.

 

 

Binary.com Customer Reviews

 

Good Broker Platforms

Great platform, lots of features and resources for trading, analytics, and learning how to trade. you will win if you know how to trade.

IG 5 Star Review

Binary.com

Binary.com hosts a good website that is easily accessible and user-friendly, not many rebates are offered- Willem

IG 4 Star Review

Binary.com Affiliate Program

I enjoy the opportunities to earn an income through IB programs offered by forex brokers  – David

IG 3 Star Review

 

Conclusion

 

Overall, Binary.com can be described as a broker which is heavily regulated and has had positive reviews. They offer their clients a wide variety of platforms to use and are competitive in costs in addition to providing adequate solutions for binary options.

 

The minimum deposit and tutorials are ideal for a novice trader who wants to start trading in the forex market.

 

Disclaimer

 

Binary.com warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. Before deciding to trade with Binary.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

 

Binary.com warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence Binary.com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

 

Frequently Asked Questions

 

 

Is Binary.com a fake or scam broker?

 

Binary.com is regulated by Financial Institutions such as the British Virgin Islands Financial Services Commission and The Financial Commission, they therefore can be considered safe.

 

What is the overall rating out of 10 for Binary.com?

 

Binary.com holds an overall rating of  5/10.

 

How many instruments can I trade with Binary.com?

 

You can trade several different instruments with Binary.com, which includes the following:

  • Cryptocurrencies
  • Forex
  • Indexes
  • Precious Metals
  • Commodities

 

Which platforms are supported by Binary.com?

 

Binary.com provides the following popular trading platforms:

  • com platform and the Binary Tick Trade App.
  • The MetaTrader 5 platform
  • The Binary WebTrader
  • The Binary Next-Gen platform, and
  • The Binary Bot platform.

 

Does Binary.com offer leverage?

 

Yes, Binary.com offers maximum leverage of 1:1000.

 

4.6/5 - (23 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

August 10, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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