|Account Type||Bronze, Silver, Gold|
Only a few months into their operations, BinaryCent has shown great promise by becoming a great and easy platform for starting traders who can learn the game without losing their shirts. The small trades market is not too often explored and these cent deals make trading full time more accessible to those without large starting funds.
How does it work?
What makes BinaryCent stand out is the option of offering $0.10 trades. This is a wonderful way for starters to get their beaks wet without risking an arm and a leg on a rookie mistake. Though the minimum deposit rose from $10 to the industry standard $250, BinaryCent still offers one of the smallest minimum deposits in the market. BinaryCent cannot be considered as a regulated entity, due to the Finance Group Corp, who owns them. Finance Group Corp is registered in Vanuatu, which means they are not in the jurisdiction of any region of regulations.
While they do offer a demo account this only comes available after you have created one of the three paid accounts. The accounts are broken up by deposit tiers; $250 investment gets you a Bronze account, which comes with the demo account for practice and a 1 hour withdrawal processing time. For a $1000 deposit you gain the most commonly upgraded to account Silver. This account offers you risk-free trading. For the confident traders looking to put $3000 or higher of a will be rewarded with a Gold Account, this account comes with a Swiss prepaid card and a personal success manager. Each tier does come with a starting bonus that you will choose to accept or decline when singing up. Bronze gets a 20% bonus, Silver 50% and Gold comes with a 100% bonus on your initial deposit.
To make your account you have to first deposit money.
One thing that really makes BinaryCent advantageous over their competitors is the fact that they provide so many different ways to deposit and withdraw your funds. The variety of options available are Debit Cards, Credit Cards (AMEX, VISA, MasterCard), e-wallets, wire transfers, Neteller, Union Pay, Skrill, Perfect, WebMoney, QIWI Wallet, Bitcoin, Ok Pay. This variety makes starting an account and getting your money in and out the system extremely easy. While some of the offers above do take 6 hours to process the withdrawals, the average withdrawal time is 1 hour, which is very impressive for this industry.
Once you get your funds in and determine your account tier you are ready to get on the trading floor.
There are 3 separate types of binary options you can trade, Turbo, Intraday, and the Long-term. These different options determine the expiration time for your current trade. These options are ranging from Turbo, which expires in 60 seconds, all the way to the Long-term options which can last 48 hours.
With a Customer Service team that offers multilingual Live Chat/Live Video, email, and phone support, this company is giving its members reasons to trust and continue you to trade through them. With a smaller than usual list of assets BinaryCent focuses on what it does best and provides the starters with a place to take their money and knowledge both to the next level.