BinaryCent
Brief information about BinaryCent company
BinaryCent prefers to share the advantages of its services, keeping many details about itself secret. At the bottom of the main page, it is indicated that the company Cent Projects Ltd belongs to BinaryCent, and the website was launched in 2019.
Available tools
On the broker’s main page, the following tools are presented:
- Forex
- CFD
- binary options
However, the trading conditions remain mysterious. Only information about trading on the Forex market is available on the website. BinaryCent mentions a maximum leverage of up to 1:100 on the main page, but there are no details about it.
Information about the platform also remains hidden.
Account types
The type of account depends on the amount of investment. The minimum deposit is $100.
Each of the three accounts is described modestly. For example, details about spreads and commissions are missing. BinaryCent informs the following:
Bronze account: opened with a deposit from $100 to $500. Account holders have access to live video chat.
Silver account: for clients who deposit $500-$2500. Includes a master class and the opportunity to make the first three trades risk-free. This means that if the result is negative, the broker provides compensation.
Gold account: with a deposit from $2.5 to $25,000. This account comes with a personal manager and the promise of receiving a Swiss payment card.
A demo account version is not found, but the main page mentions the possibility of trading at 10 cents, which is recommended for beginner traders. Perhaps training is offered on a real account with minimal risks.
Advantages of BinaryCent
- Ability to trade on weekends
- Wide selection of deposit and withdrawal methods
- Withdrawals within 1 hour
- 24/7 technical support
Deposits and withdrawals
Based on the registration form, BinaryCent accepts payments in US dollars, euros, British pounds, rubles, and bitcoins.
The company accepts payments through various methods, including bank transfers, international payment systems, as well as local methods, including Yandex.Money.
Withdrawals are a bit more complicated. Payouts are only possible to Visa and MasterCard cards, details in the Perfect Money payment system, and cryptocurrency wallets.
BinaryCent assures that it does not charge transaction fees, but payment systems may do so.
Conclusions about BinaryCent
The broker does not disclose information about licensing and cannot boast of extensive experience: the website was launched only in 2019, and there is no confirmation of previous work. In cases like BinaryCent, we recommend exercising special caution.