Does Binary.com Offer a Demo Account?

Binary.com is a broker who claims to be a credible and reputable company. But does Binary.com give you secure trading or it is a Scam?

Skip the Content & Read the Final Conclusion

Our team did research on Binary.com. What we found is that they do not rate highly in Google Trends (see the graph below). So we give you as an alternative the Top Forex Brokers and their full and detailed reviews.

We at Top10BinaryDemo recommend you to Proceed to an Approved Broker with Demo Account  OR Choose from the Top Regulated Brokers below:

Top Brokers with Demo Account:

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Binary.com Review

Binary.com is a veteran in the Forex brokers, having initial set up operations in 1999. It is closely-held by Regent Markets Group and regulated in the Isle of Man and Malta. Formerly trading as BetOnMarkets.com, this broker rebranded in 2013 to Binary.com in an effort to improve its share of the moneymaking Forex market. But, we are not sure whether it is legitimate to use this broker or not.

Binary.com Scam

They are a licensed company, but not by a trading authority. And, this thing make us quite unsure about the status of this broker. We have seen many reviews and user comments on Forex forums that claims it to be a scam.

Binary.com Deposit and Withdrawal Problems

It has many withdrawal processes and normally the minimum amount is the same as the minimum deposit, which by the way, can be as low as $10 and even $5 for few deposit methods. The fee for withdrawal is based on the method you select and as they have different methods of withdrawing, we suggest you talk with one of their representatives. Some of their withdrawal methods involve Liberty Reserve, WebMoney, Skrill, UKash, or Credit/Debit card.

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Binary.com processes a withdrawal generally within 24 working hours, but the time required for the money to appear in your account can be very, very long. They also cite a 5 working days processing time in other part of their website. Still, many traders have problems with the withdrawal processes of Binary.com.

Binary.com Trading Platform

The Binary.com platform claims to be unique among brokers. It indicates both the long lasting relationship with clients and its experience of offering CFD trading contracts within the market.

In the beginning, termed as a fixed odds trading platform the rebranding away from BetOnMarkets to a more prevailing Forex broker assures a lot of crossovers with thought provoking brokerage platforms. However, there is also a flexibility given into many of the contracts than can presently be found anywhere else.

The trading platform while being incomparable, is simple to get to hold with. All the practicality is clearly laid out making it both simple to operate and trade on.

A big range of assets are present for trading on the platform. All prima and secondary Forex pairs are given, together with an range of over 20 indices and 50 stocks. Commodities are supplied with Gold, Silver and Oil contracts and random indices.

Strikingly, you can also trade with the rise and fall contract on market segments. Examples of these involve the Global Infrastructure Index, Global REIT Index, Sugar Index, Coffee Index and Aerospace Index.

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As all these things are claimed by Binary.com, we cannot confirm even if it is safe to trade with this broker or not. But we are sure that there are more reliable brokers with innovative features and solutions to offer their traders.

Binary.com Complaints

Binary.com is a re-branding of BetOnMarkets, which had many users’ complaints on Forex forums and different trading communities. We cannot be so sure if Binary.com has the same issue as BetonMarkets had, but we will advise you find another better than Binary.com option.

Conclusion

After our research we concluded that Binary.com does not provide a demo account.

The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.

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We Advise you to Visit Broker with Demo Account OR Choose One of the Top Brokers Above.

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David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

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