Is Binary.com legit, will they scam me?

Binary.com Broker Review 2017

Is Binary.com legit, will they scam me?
Binary.com is licensed and regulated in Malta, the United Kingdom, the Isle of Man and Ireland. They have offices in Malta, Malaysia and Japan and have been established for some time. They have won many awards and like many brokers we have put them through stringent vetting procedures to ensure that we only recommend the best brokers to you. Each element of the trading experience is tested and reviewed for you to make an informed choice.

Do they have a decent mobile or tablet app?
When you land on the Binary.com mobile website you aren’t overwhelmed by text that is too small to read, bright colours and animated graphics. The website is intuitive, simple and easy to use. As well as a fully responsive mobile website they also have an app available on the App Store and Google Play. They offer the perfect solution to those wishing to trade on the go from their smartphone or tablet.

What bonus do they offer new traders?
The stakes are much lower with a Binary.com trading account and because their minimum deposit requirement is just $5, and their minimum trade is also $5, it means that they don’t offer lots of welcome match bonuses or other fancy incentives. There is a welcome bonus offered of $20 but this will need to be traded several times before this amount can be withdrawn to prevent people signing up with $5 dollars and withdrawing the full Binary.com bonus for free.

Can I start trading on a free demo account?
There are only 2 accounts available on the Binary.com platform, a virtual (demo) account or a real account. Sign up for a demo account and you will be sent a verification code. Once you have entered this into the site you are good to start trading with $10,000 of virtual cash. Of course you cannot withdraw this money and any winnings are as virtual as the money you are trading with. They do give you a good understanding of trading before you have to risk any real money.

What’s the minimum deposit and trade amount?
The minimum deposit required to open a Binary.com trading account is just $5. This is a far cry from the $250 deposits required by many brokers and enables the beginner to try before they start to trade with bigger volumes and depositing larger amounts. Binary.com is in fact a great platform to start trading on if you are nervous of risking large amounts of money.

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