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About Binary.com
From the beginning years of Binary.com, it was clear that the company had the potential to be consistent award winners within its niche. Now, fast forward to 2016, and the company has a history during which it has turnover more than $2 billion in binary trades. Nowadays, more than 1 million traders use the Binary.com, and it handles over 1 million transactions every single day. Despite the extreme competition in this field, as binary options brokers flood the market, Binary.com has succeeded in retaining its leading position within the market. One of the things that attracts traders to this binary options platform is its low minimum deposits, in addition to the minimal risk involved with trading here. As for the advanced traders, this trading platform offers a flexibility, which consists of the opportunity to structure the trades to allow for a more complex relationship between risk and reward. All in all, it is clear that Binary.com is handling investment related matters the right way and is worthy of trader attention.
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Platform Features
The platform of Binary.com has been shrunk and stripped back to deliver something, which at least on the surface, appears to be minimalistic. Through this approach, all the possible distractions have been eliminated from the trading platform, and only key trading information has been kept on-screen. Whilst this suits many of the traders in today’s market, others maybe look for a more visually appealing offering. However, what is certain is that trading is clear and unhindered here, as it allows the trader to benefit from utmost flexibility.
At the top of the platform, it enables traders to choose the commodity, stocks, forex, and indices of interest. Besides these regular options, this platform also offers a unique choice, known as “Randoms”, which is a pure speculation offer, solely created for traders who would love to enjoy a quick adrenalin experience. Pure risk and little more, “Randoms” is certainly an intriguing addition to the Binary.com experience.
After the trader chooses the asset class, the choice of option appears above the trading areas. As an example, if a trader chooses forex, above the trading fields, the options Up/Down, In/Out and Touch/No Touch will appear. Once the trader selects an option from these, a new area will be loaded, showing the relevant fields. Each of the available options are presented in detail in the review. The trading area starts with two fields that enable the traders to choose the asset that they want. The first field offers a reduced list, which offers the chance to easily manage what appears on screen. A second drop down list allows them to select the actual asset of interest.
Next step is choosing the duration, or the end time. This is the option that determines the expiry time for the chosen option. It allows traders to select lengths between seconds to an entire year. This is yet another level of flexibility that makes the Binary.com platform distinct from what other binary options brokers make available.
Another option here is a display of the current spot price, together with a small price graph. Below these options, traders will find the payout area. At Binary.com, traders are asked to select the payout, rather than the stake. Once the trader selects the payout, the stake required to reach is automatically calculated by the platform. This method used on this binary options trading platform is opposite to the one that other binary options brokers use, but it is quite simple, once traders start using it.
For traders who have previously used other binary options trading brokers, this platform might look a bit unfamiliar at the beginning, given its unique design. However, it offers huge flexibility and maintains a lot of the simplicity that has been characteristic to binary options trading since the get-go.
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Trading Choice
Available options at Binary.com include commodities, stocks, indices and forex. It provides good lists with assets. As for the currency pairs, it has one of the most comprehensive lists. All these, in addition to the flexibility of expiry times, traders using Binary.com have a huge variety of options to select from.
There are four main types of options on this platform, with all of such darted around through the account options that Binary.com makes available.
- Up/Down – This is the basic binary option and it allows the trader to choose whether the asset will rise or fall in value. A similar choice to this one is Higher/Lower, and it acts like a “ladder” option. This option does not show the strike price, but rather the end price in comparison to the predetermined price. These options usually require greater price movements, which also determines the payouts to be higher, sometimes even reach as high as 1,000%.
- Touch/No Touch – When you head down the route of Touch/No Touch, the trader selects whether the asset price would touch a certain price level before the expiry time. Here, traders are allowed to implement a more complex binary options trading strategy.
- Ends In/Ends Out – This allows traders need to predict whether the asset price would be within or outside a pre-set range of values at the expiry of the order.
- Stays In/Goes Out – This option is similar to the Ends In/Out option, with the difference being that it is not considered the expiry point, but the duration of the trade. Here, traders need to predict whether the price stays within the pre-set price levels or it will move out of these values, even if only once during the trade duration.
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Mobile Trading
A trading platform for mobiles is also available from Binary.com, with it proving to be free and of a notably high quality. For the moment, this mobile platform is only compatible with Android 2.3 phones or higher. This mobile platform offers traders the entire list of options and the list of assets that are available on the website. Displaying the same appearance and feel as the website, trading is as simple and clear as on the website. In the portfolio field, traders can see a history of open trades and closed trades.
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Payout
Traders are offered exceptional payouts at Binary.com, as well as “two way” prices. There is a distinct payout for each option and it can be a bit higher. Although sometimes the Up/Down payouts reach 100%, it usually ranges between 81% and 94%. As it is normal, the payouts vary depending on the asset and expiry times selected. Higher/Lower option offers the opportunity to get higher payouts.
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Withdrawal and Deposit Options
Among all binary option brokers operating right now, at Binary.com customers are given the opportunity to choose from a variety of withdrawal and deposit choices. Minimum deposit requirements depend on the chosen deposit method, but it starts at as low as £5, which is excellent news for new traders. The minimum deposit of £5 is available for online ecash accounts, such as FastPay, Neteller, Skrill, and WebMoney. For bank wire transfers, the minimum deposit is £25, whilst credit and debit card deposits start at as low as £10.
Withdrawals are available using the same sources as deposits. Processing time for withdrawals vary depending on the chosen source, for example, a bank wire transfer takes 5 days to process and credit/debit card transactions takes 3 days to process, in comparison to the 1 day that’s needed to process a withdrawal using an e-cash account.
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Binary.com Final Thoughts
Granting traders outstanding place to invest and push through a binary options strategy, Binary.com is a forerunner in this industry, ready to cater to the specific needs of every trader. It treats every trader as a distinct and unique individual, offering them the opportunity to select the options that best suits them. This platform has something for everyone quite frankly, from beginners to advanced, from fast trading ones to technical analyst types.
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