|Smallest trade allowed||1 GBP|
|Largest trade allowed||100,000 GBP|
|Smallest deposit allowed||5 GBP|
|Demo account available?||Yes, with 10,000 in virtual currency to make demo trades with|
|Mobile App available?||Yes|
|Auto Trader Robot available?||Yes|
|Signal Service available?||No|
Binary.com is an online broker offering binary options based on commodities, currency pairs, stocks and indices. Their largest selection of underlying assets for binary options is found in the currency pair category, but Binary.com is definitely of interest for the commodity binary option trader as well.
Examples of the reasons why many commodity binary option traders keep an account with Binary.com:
The Binary.com trading platform has adopted a sleek and clutter-free “less is more” approach. If you like binary option trading platforms where you aren’t bombarded with a lot of attention grabbing gimmicks, you will probably like this platform a lot.
This does not mean that you won’t have access to advanced information and tools at Binary.com. Quite the opposite actually – as a Binary.com trader you’ll have access to a wide range of advanced aids. Here are a few examples:
This is the classic type of binary option. Your task is to predict if the price of the asset will rise or fall.
Will the price of the value finish higher or lower than a certain predetermined point? Make the right prediction and you get paid from this binary option.
Will the asset price ever touch a certain predetermined point throughout the lifespan of the binary option?
When the binary option expires, will the asset price be within a certain predetermined range?
Will the asset price stay within a certain predetermined range throughout the lifetime of the binary option?
Trading in binary options – including commodity-based binary options – is very easy at Binary.com. You start by selecting the asset class to make all the available options appear just above the trading fields. So if you select commodities as the asset class, you get to see commodity-based binary options only. Select your desired option type, and the relevant fields in the trading area below will update themselves automatically. You can now select various details, such as expiry time and how much money to risk.
The Binary.com mobile trading app is comprehensive and easy to use. All commodity-based binary options that are available for web site trading are available in the app as well.
A wide range of deposit and withdrawal methods are accepted by Binary.com, including certain credit cards, debit cards, e-wallets and bank wire transfer. Examples of accepted e-wallets are Skrill, WebMoney, FastPay and Neteller. With these four e-wallets, the minimum deposit is just 5 GBP. The minimum deposit for credit and debit cards is 10 GBP, while the minimum deposit for bank wire transfer is 25 GBP.
In most cases, withdrawals made through Skrill or Neteller is the fastest withdrawal option since they tend to be processed within one day. A bank wire transfer is considerably slower – don’t expect it to be processed in less than five days. Credit and debit card withdrawals typically take three days to process.
The company behind Binary.com has been active online since 1999, but didn’t change their name from BetOnMarkets.com to Binary.com until 2013. It’s a well-established company with a solid history of trailblazing within the field of binary options. Today, over 1 million traders are using their platform.
The company is based in Malaysia, but licensed by the Malta Financial Services Authority in Europe. Binary.com also hold as UK license.