Binary.com is a binary options broker founded in 1999 and owned by the Binary Group LTD. It has offices in Malaysia, Paraguay, Malta, and the United Arab Emirates and was previously known as BetOnMarkets. Nowadays it has over 1 million users and conducts over 20 transactions per second.
Binary.com Trading Platforms
Binary.com offers the Deriv platform, SmartTrader, MetaTrader 5, and Binary WebTrader. The first two are suitable for beginners, have an easy-to-use interface, and allow users to trade High/Low, Rise/Fall, and Touch/No Touch binary options. Advanced traders can use MetaTrader 5 and or Binary WebTrader. MetaTrader 5 allows users to trade binary options, CFDs, and forex from the same platform. The Binary WebTrader is an advanced binary options trading platform that features asset indexes, historical data, and live market movements. This trading platform is available in 13 languages and traders can use its auto-trading tool to automate their trading.
Binary.com offers payouts over 100% on rise/fall trades and over 1,000% on touch/no-touch trades.
Binary.com Financial Instruments
Users can trade binary options, lookbacks, CFDs, and Forex on Binary.com. Binary options offer a fixed payout based on a yes or no proposition. A Lookback is a trading contract that pays out depending on the low or high achieved by the market within a certain timeframe. CFDs are financial derivates that traders can trade without owning the underlying asset. These are complex financial instruments not suited for beginners. With Forex trading you buy and sell currency pairs on the global currency market.
Binary.com Account Types
On Binary.com users can open a demo or real trading account. The demo account comes with $10,000 in virtual funds to use to familiarize yourself with the trading platform. You can open a real account from $5 at Binary.com. This account gives you access to Binary.com’s trading platforms and mobile app.
Binary.com is a licensed broker that is regulated by the MFSA, VSC, Labuan Financial Services Authority, and the British Virgin Islands Financial Services Commission. The broker has multiple licenses because it offers binary options, forex, and CFD trading to traders from over 130 countries.
Binary.com Mobile Trading
Binary.com has a binary options trading app available called Binary Tick Trade. This app allows users to trade binary options on the go, deposit, and withdraw funds. Binary Tick Trade is available for both iOS and Android devices and users can download it in the respective app stores.
On Binary.com users can trade binary options on 58 assets including stocks, indices, commodities, and currency pairs.
Binary.com Deposits and Withdrawals
Users can deposit and withdraw money into and from their binary.com account by wire transfer, credit cards, e-wallets, and cryptocurrencies. The minimum deposit amount by bank transfer is $500 and users can deposit USD, GBP, EUR, and AUD into their Binary.com account. With credit cards like Visa and MasterCard, the minimum deposit and withdrawal amount is $10. With E-wallets like Neteller, Skrill, QIWI, and WebMoney the minimum deposit and withdrawal amount is $5. Binary.com accepts Ethereum, Litecoin, UST (Tether), and Bitcoin deposits, but users cannot withdraw cryptocurrency from their accounts.
Advantages of Binary.com
Binary.com offers sharp prices, flexible trades, controlled risk, safety, and security, and has a good reputation. The broker has patented pricing technology that pays out the same as traders in the interbank market without hidden fees or commissions. The minimum trade size is $1 and users can control their risk by having the option to sell an option before it expires. Binary.com has been in business for over 20 years and has over a million users globally.
Binary.com Customer Support
Binary.com’s customer support is available by both email and phone in 9 different languages including English, Spanish, French, and Chinese. They do not have a live chat feature.
Binary.com accepts traders and investors from the United Arab Emirates and has an office in Abu Dhabi. Note that you have to go through a KYC process to be able to deposit and trade with them.
Binary.com Review – Our Verdict
Binary.com is one of the best binary option brokers available to traders from the United Arab Emirates. They offer multiple trading platforms, a wide range of tradable assets, and flexible trading from $1 per option. The fact that they are licensed and regulated tops it off. We recommend trading binary options with Binary.com.