Overview of the Master Binary broker
Master Binary – an exceptional binary broker
Master Binary offers a diverse range of trading options, including binary options, currency pairs, Lookback options, cryptocurrencies, CFDs, and metals on its versatile platform. The broker is a part of Binary Group Ltd, registered in Malta, and regulated by the Maltese Gaming Authority under license number IS/70156. Additionally, the company holds licenses in the Isle of Man, Ireland, and the UK.
Evolution of Master Binary through key milestones
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1999 – Commencement of Regent Markets’ operations (initially known as Master Binary) and the launch of the BetOnMarkets trading website (originally named Binary.com).
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2004 – Establishment of the development center in Cyberjaya.
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2007 – Acquisition of a patent for offering trading services in America.
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2013 – Rebranding of the trading platform BetOnMarkets to Binary.com.
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2014 – Rebranding of Regent Markets to Binary Ltd.
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2016 – Attainment of a Japanese license through Binary KK’s Japanese branch (although Master Binary does not operate in Japan).
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2019 – Inauguration of offices in Paraguay, Malaysia, and Dubai.
Over the years, the company has garnered seven awards, showcased on the website without official confirmation.
Trading platforms offered by Master Binary
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Deriv – the latest multifunctional platform;
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SmartTrader – a platform designed for binary options;
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Tick Trade – a platform tailored for Android devices;
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Binary Grid – a novel platform for Android;
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TradingView – a platform featuring charts;
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SmartCharts – a platform dedicated to creating charts.
Account funding and withdrawals information
Minimum deposit and withdrawal amounts vary based on the chosen method:
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Through e-wallets – 5 USD/EUR/GBP/AUD;
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Through Visa, Maestro, and MasterCard cards – 10 USD/EUR/GBP/AUD;
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By bank transfer – 25 USD/EUR/GBP/AUD.
No details regarding commissions are provided on the website.
Distinctive features of Binary Ltd
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The interface is accessible in numerous languages, including Russian, English, Chinese, Spanish, French, and Polish.
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An educational program is available for novice traders.
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A store on the website offers trading equipment, tools, and company-branded clothing for purchase or complimentary acquisition.
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Binary Ltd extends an affiliate program in two formats: partner and introducing broker.
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The “Help” section furnishes answers to frequently asked questions regarding the platform and trading on Binary.com.
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The “Contacts” section lists two phone numbers with a British code and a feedback form, with office addresses undisclosed.
Final Thoughts on Master Binary
Based on the details outlined on the website, the Master Binary team comprises 200 employees serving over a million trading accounts globally. While the broker is a prominent player in the market, mixed reviews cast doubts on its operations. The prevalence of negative feedback questions the company’s integrity and impacts traders’ trust.
This review has been prepared by the specialists at ExpertsReview.