All Share (J203) = 87 916
Rand / Dollar = 18.17
Rand / Pound = 23.51
Rand / Euro = 19.84
Gold (usd/oz) = 2 983.40
Platinum (usd/oz) = 1 008.60
Brent (usd/barrel) = 70.58
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Binarycent Review

 

BinaryCent Review Banners
 

Overall Binarycent can be described as low risk and has an overall rating of 7 out of 10. Binarycent offers a maximum leverage ratio of 1:100 with a minimum deposit amount of $250/R4 000 and is regulated by VFSC.

 

Binarycent at a glance

🔍 Broker's NameBinarycent
📍 HeadquarteredMarshall Islands
📅 Year Founded2016
⚖️ Regulating AuthoritiesVanuatu Financial Service Commission (VFSC)
🌐 Countries not accepted for tradeUnknown
☪️ Islamic account (swap-free)No
👍 Demo AccountYes
📊 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:100
💰 Minimum Deposit250 USD/R4 000
💳 Deposit OptionsMajor credit cards (VISA and Mastercard),
Cryptocurrencies, Skrill, WebMoney, Neteller
💳 Withdrawal OptionsMajor credit cards (VISA and Mastercard),
Cryptocurrencies, Skrill, WebMoney, Neteller
💻 Platform TypesProprietary web-based trading platform, Mobile Trading
📱 OS CompatibilityiOS and Android
📈 Tradable assets offeredCommodities, Cryptocurrencies, Forex, Market Indices, Stocks
👨‍💼 Languages supported on WebsiteChinese, English, Russian
👥 Customer Support LanguagesChinese, English, Russian
📆 Customer Service HoursMonday to Friday
👉 Open account👉 Click Here

 

Min Deposit

USD 250

Regulators

VFSC

Trading Platform

Proprietary Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Binarycent Review – 17 Key Point Quick Overview Revealed (2025):

  1. ✔️Binarycent Overview
  2. ✔️Binarycent Safety and Security
  3. ✔️Binarycent Leverage
  4. Binarycent Accounts
  5. Binarycent Market Instruments
  6. Binarycent Fees
  7. Binomo Deposit and Withdrawal
  8. Binarycent Trading platforms
  9. How to open an account with Binarycent
  10. BinaryCent Customer Reviews – TrustPilot
  11. Binarycent vs Binomo vs ARUM Capital – A Comparison
  12. Binarycent Current Popularity Trend
  13. Binarycent Pros and Cons
  14. Conclusion
  15. Risk Management
  16. Disclaimer
  17. Frequently asked questions

 

Binarycent Overview

Binarycent Overview

 

According to research in South Africa,  Binarycent was created in 2016 and is a forex broker that is based in the Marshall Islands. They offer binary options, Forex and CFD trading.

 

Binarycent has a unique trading platform that was designed and launched by a group of investors with years of experience in trading. This allows their clients the chance to trade without having to download any complicated software.

 

Binarycent Safety and Security

Binarycent Safety and Security

 

One of the best benchmarks to measure the safety of a broker like Binarycent, is to establish which regulating authorities are watchdogs over its actions. Binarycent is regulated by the Vanuatu Financial Service Commission (VFSC).

 

Binarycent Leverage

Binarycent 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 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 or more than 100% to be able to open new trades; otherwise your trading account will be fully hedged.

 

Binarycent offers a maximum leverage ratio of 1:100.

 

Binarycent Accounts

Binarycent Accounts

 

A forex account at Binarycent 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.

 

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

 

Often, the number and type of accounts that a trader can open with a broker differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

 

📍 Binarycent offers the following types of accounts:

➡️ The Bronze Account which has minimum deposit of 250 USD, a 20% welcome bonus plus live chat support.

➡️ The Silver Account which has the minimum deposit of 1,000 USD, a 50% welcome bonus, live chat support, three risk-free trades, a master-class web session, and a personal account manager.

➡️ The Gold Account which has a minimum deposit of 3,000 USD, a100% bonus plus live chat support, three risk-free trades, master-class web session and a personal account manager.

 

Min Deposit

USD 250

Regulators

VFSC

Trading Platform

Proprietary Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Binarycent Market Instruments

Binarycent Market Instruments

 

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, decentralised 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 plays 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 which 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.

 

Binarycent offers the following assets for trade: Cryptocurrencies, Forex, Market Indices, Stocks.

 

Binarycent Fees

Binarycent Fees

 

Cost depends on different factors, like spread and margins, and 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 ask rate. A pip represents the smallest increment that an exchange rate can move.

 

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.

 

Binarycent offers CFD trading, which requires for the spread to be paid. This spread is floating is subjected to market conditions.

 

There are no commissions charged when registering an account and depositing funds but there is 20 percent fee involved when withdrawals are made.

 

Binomo Deposit and Withdrawal

Binomo 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.

 

📍 Binarycent requires a minimum deposit of 250 USD and offers the following deposit and withdrawal methods:

➡️ Major credit cards such as VISA and Mastercard

➡️ Crypto-currencies wallets which take Bitcoin, Ethereum, Dash, Litecoin and other alt coins.

➡️ eWallets such as Skrill, WebMoney and Neteller.

 

When withdrawing funds from the trading account, there is a 20 percent withdrawal fee.

 

Min Deposit

USD 250

Regulators

VFSC

Trading Platform

Proprietary Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Binarycent Trading platforms

Binarycent Trading platforms

 

The forex trading platform provided by Binarycent is the software to carry out trades. Some brokers provide only one trading platform where 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.

 

Binarycent provides a proprietary trading platform developed exclusively for the Finance Group Corp. Due to this, the platform bears many resemblances with the trading platform used by related brands.

 

This is a web-based trading platform and it can be accessed with any up-to-date web browser.

 

Binary.com also provides Mobile Trading for those who wish to trade the financial markets while they are on the move. This can be done by downloading the mobile trading app from Apple’s App Store or Google Playstore for Android devices.

 

As part of their product offering and services, Binarycent offers their clients the mobile app for free.

 

How to open an account with Binarycent

As with a bank, to register a forex trading account with Binarycent for the first time, you will be required to go through a basic “know your customer” process.

 

This will allow Binarycent to ascertain that your submitted details are correct and ensure the safety of your funds and account details.

 

Step 1 – Go to the official Binarycent website

Access their homepage and click on the Sign up button.

How to open an account with Binarycent step 1

 

Step 2 – Fill out the form

Provide your name, phone number, and email address.

How to open an account with Binarycent step 2

 

BinaryCent Customer Reviews – TrustPilot

BinaryCent Customer Reviews – TrustPilot

 

One of the best brokers I used

One of the best brokers I used. I love the way how this broker gives bonuses and weekly contests. Support chat is always quickly responsive if there is any question. Overall, the visuals and charts are also very easy to use.

Binarycent Review

Good platform

Good platform , I like that they give bonuses and different promo codes sometimes. Support verified me fast enough for withdrawal , so for now I am fully satisfied

Binarycent Review

Straight forward, easy to work with…

Brilliant company to work with along with great colleagues who are always helpful. I am very pleased with the efficiency of the whole platform, it seems to run like clockwork – someone must be working hard in the back ground. Very pleased with the user friendly trading platform.

Binarycent Review

Binarycent vs Binomo vs ARUM Capital – A Comparison

🔎 Broker🥇 Binarycent🥈 Binomo🥉 ARUM Capital
💰 Minimum Deposit250 USD/R4 00010 USD/R160$500/R8 000
📝 Sign-Up Bonus☑️ Yes-☑️ No
➕ Max. Leverage1:100-1:100
💵 Currency Pairs-AUD/USD and GBP/USD70
🚀 Open an Account👉 Open Account👉 Open Account👉 Open Account

 

Binarycent Current Popularity Trend

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

 

Binarycent Pros and Cons

✔️ Pros❌ Cons
Multiple accounts to choose fromLow leverage
Multiple assets to tradeHigh minimum deposit
Regulation lacking

 

Min Deposit

USD 250

Regulators

VFSC

Trading Platform

Proprietary Trading Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Conclusion

Binarycent can be described as a broker which has a unique trading platform which is designed by a group of investors with years of experience in trading. This allows their clients the chance to trade without having to download any complicated software.

 

They also offer diverse accounts for various levels of investors.  Binarycent believes that their hard work results in informed trading decisions made by clients. The customer support service team is available Monday to Friday to assist their clients.

 

Risk Management

Binary options trading is a type of financial trading that involves predicting the future price movement of an underlying asset, such as a stock, currency, commodity, or index. In binary options trading, risk management refers to the process of identifying, assessing, and managing the potential risks associated with this type of trading.

 

This can include setting appropriate trade sizes, using stop-loss orders to limit potential losses, and diversifying a portfolio to reduce overall risk exposure. Additionally, it is important to have a solid understanding of the market conditions and the asset being traded in order to make informed decisions and manage risk effectively.

 

It’s recommended to work with a regulated broker to ensure the safety of funds and the implementation of proper risk management practices.

 

Disclaimer

Binarycent 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 Binarycent, 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.

 

Binarycent 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 Binarycent cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

Frequently asked questions

What is BinaryCent?

BinaryCent is an online binary options trading platform.

 

What assets can I trade on BinaryCent?

BinaryCent offers trading in a variety of financial instruments including Forex, stocks, commodities, and cryptocurrencies.

 

What is the minimum deposit required to start trading on BinaryCent?

The minimum deposit required to start trading on BinaryCent is $250.

 

Is BinaryCent regulated?

Yes, BinaryCent is regulated by the Vanuatu Financial Services Commission (VFSC).

 

Does BinaryCent offer a demo account?

Yes, BinaryCent offers a demo account for traders to practice and test their trading strategies before trading with real money.

5/5 - (9 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 6, 2023

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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