BinaryCent
About BinaryCent Company
BinaryCent is a brokerage company that values confidentiality, choosing to reveal minimal details about its operations. The website, launched in 2019, is owned by Cent Projects Ltd.
Trading Tools
BinaryCent offers trading in Forex, CFDs, and binary options. While information on Forex trading is available, details about other tools and trading conditions are limited. The maximum leverage mentioned is up to 1:100, but specifics are undisclosed.
Platform information is also not extensively provided on the website.
Account Types
Account types at BinaryCent are determined by the investment amount, with a minimum deposit requirement of $100. The company offers three account tiers:
- Bronze account: Requires a deposit between $100 and $500 and provides access to live video chat.
- Silver account: For deposits ranging from $500 to $2500, offering a master class and the opportunity for the first three trades to be risk-free, with compensation provided for negative outcomes.
- Gold account: Available for deposits from $2.5 to $25,000, featuring a personal manager and the promise of a Swiss payment card.
While a demo account version is not mentioned, beginners are advised to start trading with as little as 10 cents, possibly allowing for training on a real account with minimal risks.
Advantages of BinaryCent
- Trading availability on weekends
- Diverse deposit and withdrawal methods
- Fast withdrawals within 1 hour
- 24/7 technical support
Deposits and Withdrawals
BinaryCent accepts payments in US dollars, euros, British pounds, rubles, and bitcoins, offering various payment methods including bank transfers, international payment systems, and local options like Yandex.Money.
However, withdrawals are limited to Visa and MasterCard cards, Perfect Money system details, and cryptocurrency wallets. While the company claims not to charge transaction fees, payment systems may impose charges.
Final Thoughts on BinaryCent
BinaryCent lacks transparency regarding licensing and historical experience, given its recent establishment in 2019. Caution is advised when considering engaging with such brokers.
This review has been prepared by the specialists at ExpertsReview.