BinaryCent Quick reference
The company provides very little information about itself, preferring to talk about the benefits of cooperation. At the bottom of the homepage you can find a note on Cent Projects Ltd ownership and the year the site was launched - 2019.
It is highlighted on the website homepage:
- binary options.
However, trading conditions remain vague. On the site in the public domain there is only data on Forex trading. On the homepage the broker reports the leverage level of up to 1: 100, but we haven’t found any details about it anywhere else.
We were also unable to find information about the platform.
Types of accounts
The type of account depends solely on the size of the investments. The minimum deposit is $ 100.
The features of each of the three accounts are described rather sparingly. In particular, we do not see data on spreads and commissions. The broker reports exclusively the following information:
A bronze account is opened with a deposit of $ 100-500. Live video chat is available to its owners.
Silver account is for those who have contributed $ 500-2500. A master class and the first 3 transactions without risk are added. This means that if their result is negative, the broker will compensate for the losses with its bonuses.
Gold account is from 2.5 to 25 thousand USD. At this level the company attaches a personal manager to you and promises to issue a Swiss payment card.
We did not find demo versions of the account. But on the home page it has been announced that you can have the opportunity to make transactions with the amount of 10 cents, which is recommended for novice traders. Probably, it is offered to study on a real account, but "at the minimal level."
What the broker calls its advantages:
- a chance to trade at the weekend
- a wide range of deposit and withdrawal options
- withdrawal within 1 hour
- 24/7 technical support.
How to deposit and withdraw money
Based on the registration form, the broker accepts US dollars, euros, pounds sterling, rubles and even bitcoins.
The broker will accept the money in any way: from bank transfer and international payment systems to such local options as Yandex.Money.
And the withdrawal is little more difficult. You can only get your money on MasterCard and Visa cards, on the Perfect Money payment system and cryptocurrency wallet.
The broker assures that they do not charge a commission, but payment systems can do it.
Conclusion about Binarycent
The broker does not publish the regulator’s license and cannot boast of extensive experience: the site was launched only in 2019, there is no evidence of earlier activities. In such cases, we always recommend you to exercise extreme caution.