Binary Cent Review
BinaryCent is a new binary options, as well as Forex CFDs broker. Just opening in early 2017, BinaryCent is owned by Finance Group Corp. and their headquarters are on the island of Vanuatu. As such, this broker is licensed and regulated by the Vanuatu FSC.
The platform is proprietary and from what I see, very easy to use. You can get CFD leverages up to 100:1 and they offer copy trading. You can find a person who is having success and copy their trades.
BinaryCent was developed with the amateur trader in mind. They have minimum trades of only 10 cents.
I am of the opinion that BinaryCent has a well-designed website. Their live chat is phenomenal if you need to ask any questions.
BinaryCent Deposit Terms & Conditions
From what I can tell, the minimum deposit at BinaryCent is $500. A person has a huge range of deposit and withdrawal methods. You can use the primary ways… credit or debit card, bank transfer, or several ewallets. But, BinaryCent also accepts Bitcoin, Litecoin, Etherum and more.
Do keep in mind that before you can withdraw your profits from BinaryCent, anti-money laundering regulations require you to submit certain compliance documents. It is wise to send these in soon after creating an account.
Documents required are:
- A copy of your government issued photo identification.
- A copy of a recent utility bill showing your name and address.
- And if a credit card is used to deposit, a copy with all but the last four numbers blacked out.
This is done to abide by regulations and according to BinaryCent, your information will be kept in the strictest confidence.
BinaryCent Bonus Terms & Conditions
BinaryCent is still awarding bonuses for first time deposits. You can get 20% on deposits $250-$499, 50% for $500-$2999 and 100% for anything over $3,000.
But you need to realize and weigh the benefits if any. There are certain stipulations with bonuses.
To withdraw that bonus and any profits made while it was on the trader’s account, the investor must make trades of 20 times the bonus amount.
So, if you get a bonus of $100, you will have to make trades of $2,000 or more.
You do not have to accept bonuses.
BinaryCent Withdrawal Terms & Conditions
As long as you provided BinaryCent with compliance documentation, they claim that withdrawals are processed quickly.
The minimum withdrawal is $50.
According to BinaryCent, they normally process withdrawals within 1 hour as long as everything is clear.
We will keep a close eye on this new broker. But as of now, they seem legit.