Binary.com is an online binary option and CFD trading platform (MT5) owned and operated by Regents Market Group. The platform allows online trade on financial markets, containing cryptocurrency and forex markets. Our analysis gives all the details we need to know before opening an account and start trading binary options.
Binary trading India is a formula of “all or nothing” option in which the payment of a certain amount of money at the end of the option expires or at the end of the payment consists of a fixed fee. A binary option is a kind of yes or no possibility, which is why it is called binary.
The option holder has no choice but to sell or buy the asset as binary trading takes place automatically.
Binary.com Review India
Binary.com is a Malta-based online trade platform that deals with binary options India and foreign currency in global financial trading. Founded in 1999, the site is one of the authoritative and trusted websites that quickly offers such services. It boasts a large customer base and follows an innovative trade index to facilitate index trading. With comprehensive market coverage and reasonable prices, the platform protects the collector’s funds elsewhere.
Unlike many other countries, binary options trading is not regulated in India. According to the guidelines provided by the Reserve Bank of India, binary options or online trading of any foreign exchange is not regulated in India. India’s financial sector is mainly regulated by the RBI and the Securities and Exchange Board of India (SEBI).
In terms of its status, Binary.com is an honor-winning platform. Over the year, the platform has won several awards for major financial industry reviewers. These awards are all first-class service commitments that Binary.com has provided to its clients over the year. Recently they launched another brand, Deriv.com India, so traders can experience two trading platforms with just one account. Also, traders are being
reassured to know that they are dealing with an authentic and regulated binary options broker.
The sign-up and login process is straightforward, and you can sign up for the platform in three steps to access the login. The first step is to sign up, which requires you to fill out a registration form as soon as you click the signup button. You have to give information about your name, last name, phone number, email address, and the security of the account a minimum eight digits password. After free registration, you will have access to your account. If you want to access your account, click the login button and add your identifications, such as email address and password. Press the login button. This will take you to the Binary.com trading platform.
Unlike other binary options brokers, which require a deposit of at least $250 to open a direct binary options account, binary.com requires a minimum deposit of $5, so binary.com is more accessible for binary options traders in India. Payment can be made by several methods, such as credit cards. Account processing is easy and hassle free.
Binary.com Demo Account
An essential tool of the binary.com trade platform is the demo account, also known as a virtual account. This is an account with virtual money $10,000. This account allows the user to test the platform without any risk. Binary.com demo account is free of cost, and users can switch between real money and virtual money with just one click.
“Try before use” is a concept we all are aware with. When it comes to dealing sites, this concept takes the procedure of a demo. Many brokers offer a virtual store to binary options traders. From a broker, they can attract traders by showing their features. This is a way to gain the trader’s trust or at least to get hold of their email address. Similarly, as a potential binary options trader, the demo allows you to try out the platform.
Binary.com offers an impressive demo service, which is easy to use and access. You do not need to register for a virtual account; in other words, you can try the platform with a virtual balance without registration and fund deposit. You need to click a specific button on the Binary.com’s website, and you will have access to a demo account with a balance of $10,000. Traders do not have to fill up any registration form, which saves the trader’s time and keeps them away from hassle. The browser will remember cookies, and you can continue binary options with the precious results in the demo. Another popular demo accounts are IQOption demo and Olymp Trade demo account in India
Binary.com Minimum Deposit
An essential advantage of binary.com is that it does not split into different accounts, such as, for beginners or VIP traders. From the beginning, you have access to a wide range of successful trading binary options tools. After depositing a minimum amount of $ 5 in binary.com, you can start working with brokers.
You can immediately begin to trading stocks, raw materials, currency pairs, and indices. Binary.com minimum deposit is the smallest one among the other trading binary options, as other brokers start with a minimum deposit of $10 or even $250.
In this review of Binary.com, we should include that, like any other self-esteem broker that claims to be the best in the world, brokerage Binary.com offers a demo account. It is available when you register on the site. The binary.com demo at your disposal will provide a virtual $10000, which will help you to be aware of the trading binary options platform, to know the basic principles of technical analysis, and develop their strategy, which, in turn, can play a significant role in your future success.
Binary.com Withdrawal India
As far as the payment methods supported by binary.com are concerned, there are numerous options. You may use major credit cards such as VISA, MasterCard. Instead of this, you can also fund your binary options trading India account through e-Wallets. You can also invest through online exchanges like Western Union. Trader funds can also be transferred via wire transfer without easy access. Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are also accepted in exchange for fiat currencies. When it comes to withdrawals, the entire withdrawal process takes 1 to 5 business days, depending on its method.
Binary.com provides users with secure and easy payment options. Some of the standard payment methods through a broker include bank wire transfer, credit cards, or debit cards. Also, the broker has client funds in separate accounts managed by AAA-rated financial institutions. The processing time for deposit and withdrawal is fast and is usually finishes in one working day.
There are several way withdrawals, and usually, the minimum amount is equal to the minimum deposit, which can be as low as $10 or $5. Withdrawing fees heavily depends on the methods you choose, and since there are many ways to withdraw, one should speak to their representatives. Binary.com usually processes a withdrawal within one working day, but it can go up to 5 working days. The time required for the balance to appear in your account may be longer.
How To Withdraw From Binary.com In India?
Withdrawing process in Binary.com is straightforward. From the cashier menu, you can select “withdraw” to withdraw your earned wealth. You can also set up a security password for the cashier menu. From this online trade platform, the withdrawals are straightforward and fast. The withdrawal is processed within one working day.
You will receive an email when it is processed. Sometimes it takes just a few hours. On the other hand, the process may be longer if the broker asks for additional documents. All in all, the withdrawal and deposit are working correctly with full accuracy and without any interference.
With Binary.com, you can make withdrawal and deposits in different currencies; also, cryptocurrency accounts are available such as Bitcoin, Litecoin, and Bitcoin Cash. Some of the withdrawal methods are credit card debit cards, PayPal, and wire transfer.
Is Binary.com Regulated In India?
Regulation means safety for the Investor. On the internet, some brokers work dishonestly and try to deceive their clients. To invest in a serious company, there must be regulation. A regulation indicates trust and safety because the company must be legal and operate under specific regulatory authority rules. Binary.com is a regulated platform that has been active since 1999. Various affiliates belong to holding Binary Limited. The company is multi-regulated and has multiple licenses.
Binary trading is not regulated in India, unlike many other countries. According to the guidelines provided by the Reserve Bank of India, all types of binary trading or online trading of foreign trade are not regulated in India. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) control the financial sector in India.
Binary.com (formerly known as BetOnMarkets.com) is owned and run by a company called Binary Limited. The broker is wholly licensed and regulated and has provided customers with unparalleled trading conditions for over a decade. The broker is overseen by several regulatory bodies, including the Gambling Supervision Commission in the Isle of Man, the Malta Financial Services Authority (MFSA), and the UK Gambling Commission. As most of the broker’s licenses belong to gambling regulatory bodies, it has seen that binary.com has been offering binary options brokers consistently transparent and fair trading terms.
There is no search on the internet for negative user feedback and any material that convince with evidence that the broker failed in its mission. Binary.com has a very straightforward complaint and disputes policy, which it uses to deal with clients’ issues professionally.
Is Binary.com A Scam?
Binary.com is one of the most respected binary options brands. They were started and raised by respected businessmen and are now a multinational corporation that does not need to engage in any “scam” behavior seen anywhere in the industry. This brand can be used with complete confidence.
Binary.com is an experienced regulated company. They show complete information about all their subsidiaries and a full list of licenses. All the data is presented with transparency and honesty.
Binary.com attracts all kinds of traders due to its reasonable offers. Beyond professional trading platforms, you can use legal automated trading software India, which has more advantages than other Forex Brokers. However, you should stay away from scams like Crypto revolutution India.
Furthermore, the history of the company tells us that Binary.com is a reliable and trustworthy binary options broker. The company is continuously expanding and implementing new features. This is a fully regulated binary options broker with which traders offer trading. Overall, researchers conclude that binary.com is not a scam.