Binarycent is a Forex, CFD, binary options broker that allows you to open transactions in amounts less than one dollar
Binarycent is a Forex, CFD, binary options broker that allows you to open transactions in amounts less than one dollar
Binarycent is a popular broker specializing in trading binary options (Blitz options, classic options), Forex and CFDs. The minimum deposit with the broker is from $10, and a transaction can be opened for an amount starting from $0.01. Binarycent features a user-friendly trading platform based on Trading View charts.Contents:
- Official website of the broker Binarycent - https://binarycent.com/
- Registering a trading account on the official Binarycent website
- Account levels with Binarycent broker
- Depositing and withdrawing funds from the Forex and CFD trading broker Binarycent
- Binarycent broker trading platform - how to trade binary options, Forex and
- Trading binary options with the broker Binarycent
- Forex and CFD trading with Binarycent broker
- Copy trading on the Binarycent broker platform
- Affiliate program or referral system at the broker Binarycent
Official website of the broker Binarycent - https://binarycent.com/
Official website of the broker Binarycent - https://binarycent.com/ The broker offers work under the following conditions:- The minimum deposit is from $10 (the official website says that $250 is not so)
- Minimum transaction amount – from 0.01$
- Trading binary options: classic options (expiration time from a minute to several days), Blitz or turbo options (expiration time from 5 seconds)
- Forex and CFD trading with leverage from 1:10 to 1:1500
- More than 100 assets for trading
- Several levels of trading account (the higher the level, the better the conditions)
- Unlimited demo account to get to know the trading platform
- Very convenient trading platform: tick chart, candlestick chart and chart from Trading View
- Ability to copy trades of other traders (traders from the list of the best for the last 30 days)
- Affiliate program with CPA model
- 24/7 technical support
- Many ways to replenish your trading account and withdraw funds (payment speed depends on your account level)
- Required account verification
- The official website and trading platform have been translated into several languages (in other cases, use the standard translator built into your browser)
Register a trading account on the official Binarycent website
- Indicate your email address
- Create a strong password
- Indicate your first and last name
- Fill in information about your phone number
- Select the trading account currency in which you want to open an account
- Read the terms of cooperation and agree to them
Account levels with the Binarycent broker
The Binarycent broker has 5 types of accounts - the higher your level, the more privileges you will have. This is not to say that any account is very different from another, but there is a difference. Accounts are divided into:- Standard – assigned immediately after registration
- Bronze – deposits of at least $250
- Silver – deposits of at least $1000
- Gold – deposits of at least $5,000
- VIP – deposits of at least $5,000
- Processing speed of withdrawal requests
- Increased percentage for correct prediction when trading binary options
- Reducing restrictions on copy-trading
- Maximum transaction amount
- Deposit bonus
Depositing and withdrawing funds from the Forex and CFD trading broker Binarycent
You can fund your trading account immediately after registering a trading account, but I would recommend first familiarizing yourself with the workings of the trading platform using a demo account. But, unfortunately, all functionality will be available only on a real account (CFD trading and the function of copying trades on a demo account are not available).To replenish your trading account, you need to go to the replenishment section - here you need to select one of the methods offered by the broker. Available:
- Bank cards
- Electronic wallets (depending on your country of residence)
- Popular cryptocurrencies
Withdrawing funds from the Binarycent broker is available after completing the trading account verification procedure - you will need to send documents confirming your identity. After reviewing the sent data, you will be able to withdraw funds from the trading platform. You can withdraw funds from the broker's platform using the same methods that are available for replenishing your trading balance.
Binarycent broker trading platform - how to trade binary options, Forex and CFD
The Binarycent broker's trading platform is available on a demo account, so you can try it out before funding your account.- 90% of the screen is occupied by the price chart of the selected asset
- Above the chart – switch between binary options trading and CFD trading
- To the right of the chart is the panel for opening a trade (this platform is different for binary options and CFDs)
- Currency pairs
- Indices
- Products
- Cryptocurrencies
- OTC assets
- Draw on the chart: add levels, lines, zones to the price chart
- Add many technical analysis indicators and create your own trading strategies
You can switch between a demo account and a real account here: To switch to cent trading, you need to enable this by clicking on the button with the cent icon (by default on the platform, trading occurs in dollars):
Trading binary options with the Binarycent broker
In order to open a binary options trade with the Binarycent broker, you must:
- Select expiration time – the time after which the transaction will close
- Select a method for calculating the expiration time: the end of the transaction can be time-bound or the transaction will be opened for exactly the number of seconds specified by the user
- Indicate the amount for which you want to make a forecast (on a dollar account the amount is indicated in dollars, on a cent account - in cents)
- Click on the button for the desired forecast (up or down)
Forex and CFD trading with Binarycent broker
Trading on Forex and CFD instruments with the Binarycent broker occurs in a separate window and has a number of its own nuances, including leverage. The higher this value, the less funds the trader needs to open a transaction, the lower the client’s risks, but also the lower the expected profit. Each asset on the broker's trading platform has its own leverage indicator:- Currency pairs – from 1300 to 1500
- Products and indices – 1500
- Cryptocurrencies - 10
Profit on Forex and CFD depends on how correct your forecast is - it is important not only to guess the direction of the price, but also how far the price will go from the entry point into the market. Roughly speaking, sideways movements are not suitable for Forex trading - trend movements are needed. At the same time, earnings are not limited in any way - in one transaction you can easily earn 500-600% of the investment amount.
To trade Forex and CFD instruments with the Binarycent broker, you must:
- Select an asset with suitable leverage
- Select the direction of opening a transaction, according to your forecast - select the direction of price movement (up or down)
- Indicate on what principle the deal will be opened - at the current price or according to the parameters you specify (pending deal)
- In the “Amount” window, specify the amount - this value directly affects the rate of earnings and the rate of loss of funds. The higher this value is, the larger the amount required to open a transaction. The amount is calculated taking into account the trading method you choose - dollars or cents
- The “Margin” window will display the amount that will be debited from your balance when opening a trade. After closing the transaction, this amount will be returned to your trading balance
- In the Take Profit window, you must specify the condition for closing the transaction in profit - here you can see and adjust your potential earnings (if the forecast turns out to be correct)
- The Stop Loss window is necessary for the trader to indicate the conditions for closing a transaction at a loss - if this window is left empty, the transaction will be closed automatically if your balance is not enough to cover losses from the current transaction. Be sure to indicate the amount you are willing to lose if your forecast turns out to be wrong!
- Confirm the opening of the transaction
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