Is The Binarycent App Worth it
Binarycent is a relatively new online broker that offers binary options, Forex, and CFD trading. With its custom trading app developed by seasoned investors, Binarycent provides an intuitive interface for beginners and experts alike. But is Binarycent scam or a legit broker? This comprehensive Binarycent review of its app will examine the key features to help you decide.
Binarycent Broker Accounts
Binarycent accommodates traders of all levels with Bronze, Silver, Gold, and VIP accounts. Each tier unlocks additional features and larger deposit bonuses.
Bronze Account
The Bronze account requires a minimum deposit of $250. This starter account includes a 20% welcome bonus, 1-hour withdrawals, live chat support, and demo account access.
Silver Account
With the Silver account, a $1,000 deposit gets you a 50% bonus. You also gain three risk-free trades, a personal account manager, and entry to a masterclass webinar.
Gold Account
The premium Gold account offers a 100% deposit bonus for accounts over $3,000. This account comes with all features of the lower tiers plus dedicated one-on-one support.
VIP Account
This account is best for people who want to invest $5000 and above. It has so many added benefits, like 200% deposit bonus and instant withdrawal time.
Standout Features
Binarycent offers other unique features, including round-the-clock trading, turbo options, and live video chat support.
Here are the features that stand out in this broker:
- Generous Payouts and Expiry Times: Binarycent provides competitive payouts on a variety of expiry times. Returns range from 65% to 85% on short and long-term contracts.
- Turbo Trades: Turbo trades expire in as little as 30 seconds, which is ideal for beginners looking to learn the ropes quickly. Caution is advised, as impatient trading can lead to fast losses.
- Intraday Trades: Intraday contracts are better suited for seasoned traders. By tracking stock movements throughout the day, intraday trades require an understanding of the markets.
- Long Term Trades: Binarycent also offers long-term options for up to 1 day. While requiring patience, long-term trades remove emotion and reactive decision-making from the equation.
- Copy Trading: If you dont know technical analysis or how to trade, you can also make money on this platform by investing in profitable traders. With the copy trading feature, you can go through the profiles of top traders on the platform and invest some money in their predictions.
Lucrative Bonuses and Promotions
Binarycent hooks new traders with deposit-matching welcome bonuses. Bronze accounts get a 25% bonus, while Gold accounts are doubled with a 100% match up to $6,000. Just be aware withdrawals require a certain amount of trading volume.
Full-Featured Mobile App
Binarycent provides a mobile app with full account functionality. The mobile trading platform enables deposits from just $10, 24/7 live chat, technical indicators, and easy registration. With flexible access, you can manage trades on the go.
Quick and Secure Banking
Binarycent supports various deposit and withdrawal methods, including popular cryptocurrencies. While the minimum deposit is $250, minimum trades start at just $0.10. Withdrawals are processed within an hour, much faster than the industry standard.
Multilingual Customer Support
Binarycent provides customer support in English, Russian, and Chinese. Many reviews of binarycent online testify how great their support team are at their job. You can access live chat, phone numbers, and email ticketing on both desktop and mobile. Support is generally responsive though limited hours on weekends.
Conclusion
In summary, Binarycent brings an intuitive platform, competitive trade terms, and robust features. Though a newer broker, they offer the core components for a quality trading experience. Just practice responsible money management as with any broker.
FAQs
Is Binarycent legit?
Given its transparent fee structure, favorable trading conditions, Binarycent establishes its legitimacy as a binary options broker.
How does Binarycent’s app compare to other brokers?
Binarycent’s app stands out for its focus on simplicity and speed. The interface is intuitive while many features like copy trading are streamlined for mobile.
Is Binarycent a good broker for beginners?
Yes, Binarycent is a good option for beginners. The low minimum deposit and trades allow you to start small. The platform and mobile app are easy to use. Demo accounts and copy trading help new traders learn.
