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BinaryCent – Review and Genuine Feedback: Scam or Not? 2025
Updated: 27.02.2025

BinaryCent – Scam or Not? An Honest Review of the Binary Options & CFD Broker (2025)

BinaryCent is an international binary options broker that also provides Forex and CFD trading services. It attracts traders with its low entry threshold—trades can be placed from just $0.01, which essentially allows cent-level trades (hence the name). However, there has been ongoing debate around BinaryCent: the broker is registered offshore and lacks oversight by authoritative financial bodies, raising questions about reliability.



official website of binary options broker Binarycent

Trading in Forex and binary options carries high risks. Data suggests that about 70–90% of traders lose their investments when trading. Specialized knowledge is essential for consistent profits. Before trading, it’s recommended to fully understand how these instruments work and be prepared for potential financial losses. Never risk funds whose loss could negatively impact your standard of living.

Key Information about BinaryCent

Feature Details
Year of Establishment 2017
Legal Registration Marshall Islands (offshore jurisdiction)
Regulation Not licensed by reputable regulators
Minimum Deposit $250
Minimum Trade Size $0.01
Binary Options Payout Up to 95% for correct forecasts
Available Instruments Binary options on currencies, stocks, commodities, indices; CFD and Forex; cryptocurrencies
Trading Platform Proprietary (web platform + mobile app)
Demo Account Yes (free practice account)
Bonuses 20%–100% on deposit (depends on funding amount)
Account Types 3 Types: Bronze, Silver, Gold
Copy Trading Yes (copy deals from other traders)
Withdrawal Processing About 1 hour to process, withdrawal to cards/e-wallets
Withdrawal Fees None (but a 20% fee applies if you withdraw without trading turnover*)
Customer Support 24/7 live chat (includes video chat with support)
Languages English, Russian, Spanish, Chinese, etc.

Note: A 20% commission is withheld if you attempt to withdraw without any trading turnover equal to the deposited amount. In other words, you must “trade through” your deposit at least once; otherwise, the broker charges 20% of the withdrawal request.

trading conditions at broker Binarycent

BinaryCent Trading Platform and Its Features

BinaryCent utilizes a proprietary online platform accessible via web browser (no download needed) and a mobile application. The platform interface is straightforward, even for newcomers: price quotes are displayed on customizable charts, and basic technical indicators are available for market analysis. It supports multiple chart windows so you can monitor different assets simultaneously—handy for tracking various markets.

Binarycent broker trading platform

Here are a few unique features of BinaryCent:

  • Copy Trading: A built-in service that lets you automatically replicate the trades of top-performing traders. Beginners can leverage this tool to potentially earn while observing the strategies of more seasoned professionals. The platform features a leaderboard of traders you can choose to follow. However, copy trading does not guarantee profits—outcomes depend on the skill of the trader you copy, so it’s crucial to select carefully and manage your risk.
  • Video Chat with Support: Right on the platform, clients can communicate with a support manager via live video. Typically, a consultant (often a friendly representative) appears on your screen to assist with questions or concerns. This approach is designed to build trust and convenience, and you can even send tips to the consultant. Despite the somewhat entertaining aspect, the video chat’s main goal is to provide prompt support.
  • Fast Trades: BinaryCent offers ultra-short binary options with expirations starting at 60 seconds (and for some assets outside the main market, as little as 5–30 seconds). These “turbo options” deliver results almost instantly, although they come with very high risk.
  • Mobile App: Android and iOS apps replicate the full platform functionality, making it easy to trade on the go.

choosing to display a price chart at the Binarycent broker

Overall, the BinaryCent platform is on par with competitors regarding basic functionality: you have access to the main order types, expiration settings, trading history, and extras like “rollover” (extending an option’s expiration for an extra fee) to manage open positions.

Trading Instruments and Conditions

BinaryCent provides access to more than 100 trading instruments, such as:

  • Forex currency pairs – around 25 major pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.).
  • Commodities – primarily precious metals, including gold (XAU/USD) and silver (XAG/USD).
  • Stock indices – several key global indices (e.g., S&P 500, Nasdaq, Dow Jones).
  • Company shares – stocks of several large international corporations (Apple, Tesla, Amazon, Google, etc.).
  • Cryptocurrencies – over 10 crypto assets (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, and more).

choosing an asset to trade with the Binarycent broker

Traders can place deals in the form of classic binary options (“Higher/Lower” contracts with fixed payouts) or use CFD/Forex to trade on price differences. The payout for binary options can reach 85–95% for correct forecasts (typically 60–90% on most assets). Because BinaryCent focuses on fast-paced trading, ultra-short contracts from 1 minute are available. Trading is accessible around the clock, seven days a week—thanks to cryptocurrencies and OTC (over-the-counter) options on weekends.

switching between a demo account and a real account with the Binarycent broker

For Forex/CFD, the broker provides leverage of up to 1:500, enabling you to control larger position sizes with a relatively small deposit. Bear in mind, however, that high leverage amplifies both potential gains and potential losses, so caution is advised, especially for beginners. Fees for binary option trades are embedded in the payout structure (a losing trade forfeits the stake, a winning trade pays out the net profit percentage). For CFDs and Forex, spreads and swaps may affect profitability (BinaryCent does not publicly list detailed spread values on its website).

Forex and CFD trading with Binarycent broker

The minimum trade size is just $0.01, but the total deposit required is $250 or more. Thus, you can choose whether to trade “very small” or place higher-stake trades, depending on your balance. This flexibility, combined with the tiny minimum stake, makes BinaryCent appealing for experimenting with real money without risking large sums upfront.

cent trading with broker Binarycent

BinaryCent Account Types

BinaryCent offers three account types for traders with different investment levels. The higher your account status, the more perks you receive. Key parameters for each plan are listed below:

Account Type Bronze Silver Gold
Minimum Deposit $250 $1000 $3000
Welcome Bonus +20% +50% +100%
Risk-Free Trades 3 trades
Personal Manager Yes (dedicated manager)
Withdrawal Processing 1 hour 1 hour 1 hour
Copy Trading Yes Yes Yes
Demo Account Yes Yes Yes
Additional Features Standard support (chat) Introductory masterclass Introductory masterclass

account level with Forex and CFD broker Binarycent

Bonuses and Promotions

BinaryCent offers substantial bonuses for new clients, with bonus levels depending on your first deposit amount:

  • 20% for deposits starting at $250 (Bronze account)
  • 50% for deposits starting at $1000 (Silver account)
  • 100% for deposits starting at $3000 (Gold account)

The bonus is added to your account balance immediately after funding, effectively increasing your trading capital. However, withdrawing bonus funds requires fulfilling certain turnover conditions. Even without a bonus, the broker insists you trade at least once with your deposit before withdrawing, and these requirements can become stricter if a bonus has been taken (for example, you might need to achieve a turnover multiple times the sum of your deposit plus bonus). Always read the official bonus policy carefully to avoid misunderstandings.

In addition to deposit bonuses, BinaryCent periodically runs promotions. For example, new clients can receive three risk-free trades (the first three losing trades are reimbursed by the broker with bonus credits). The broker also hosts weekly contests with a $20,000 prize pool—active traders who achieve top profitability can win real money added to their accounts. Such promotions and tournaments can motivate traders to be more active, but avoid excessive risk in pursuit of these offers.

Deposit and Withdrawal

BinaryCent supports a variety of funding methods, making it relatively convenient for traders worldwide.

methods of depositing and withdrawing funds from the Binarycent broker

Main deposit options:

  • Bank cards: Visa, MasterCard (including regional systems like UnionPay, JCB, American Express)
  • E-wallets: Perfect Money, Skrill, Neteller, WebMoney, Qiwi, etc.
  • Cryptocurrency: Bitcoin, Ethereum, Litecoin, Tether (USDT), and other popular coins
  • Bank wire transfers (commonly used for larger amounts)

replenishment of a trading account with the Binarycent broker

You can open an account in several currencies—USD, EUR, GBP, or even RUB—convenient for traders from various countries. The minimum deposit is $250. Funding is usually instant or processed within a few minutes.

Withdrawals must generally go back to the same payment details used to deposit (in line with anti-money-laundering policies). Requests are processed fairly quickly—on the website, the broker states about one hour. In practice, small payouts may indeed arrive within an hour or two, especially via crypto or e-wallets.

Bank card withdrawals often take longer, typically 1–3 business days depending on your bank’s processing. BinaryCent does not charge a withdrawal fee if you have traded with the deposit at least once. If you try to withdraw immediately with no trades, a 20% fee is deducted, as mentioned earlier. You will also need to complete a verification (identity documents) before your first payout—this is a standard security requirement.

The minimum withdrawal amount is usually $50 (for some methods, possibly $20), which should be kept in mind for planning. Overall, BinaryCent offers a comprehensive range of payment options, a plus for its global customer base, ensuring most traders can find a suitable deposit/withdrawal method.



BinaryCent Regulation and Security

BinaryCent is officially registered as Wave Makers LTD in the Marshall Islands, a well-known offshore zone. The broker holds no license from any strict financial regulator (e.g., it is not regulated by CySEC in the EU, FCA in the UK, or the Central Bank of Russia).

Some references link BinaryCent to an offshore regulator in Vanuatu (VFSC), but this oversight is not comparable to the scrutiny provided by European or U.S. authorities. In fact, the U.S. Commodity Futures Trading Commission (CFTC) included BinaryCent in its RED List (companies operating without registration).

Previously, financial authorities in New Zealand (FMA) and France (AMF) also issued warnings regarding related companies within the BinaryCent group, citing unlicensed activity. Although BinaryCent has advertised certain professional awards from 2015–2016 (such as Tech Finance Award 2015, iFX Expo Asia 2016), these accolades do not replace genuine regulatory oversight. These facts underline that the broker operates outside a robust legal framework, and in case of disputes, a trader lacks the protective umbrella of a recognized regulator.

Regarding platform security, BinaryCent claims to use 256-bit SSL encryption to safeguard data and transactions, and states that client funds are held in segregated accounts at European banks for added protection. Yet, the absence of reputable regulation means that fund security rests entirely on the broker’s internal policies. History has seen numerous offshore brokers cease operations abruptly, so exercising caution when trading with BinaryCent is advisable. It is prudent not to keep more funds on the platform than you can afford to lose and to withdraw profits regularly.

Trader Education and Customer Support

BinaryCent targets an international audience, so its support team operates around the clock and is available in multiple languages (English, Russian, Spanish, Chinese, etc.). You can contact support via live chat on the website (including a video chat with a representative), email (support@binarycent.com), or phone. The website lists several regional phone numbers, for instance, a dedicated line for Russian-speaking clients (+7-499-3806317) and for English (+1-829-947-6393), among others. Multilingual service is a plus for traders from different areas.

VIP clients (Gold account) get a personal manager who can advise on trading-related inquiries and help solve issues quickly.

As for training materials, BinaryCent has a basic FAQ section and a few trading tips, but there is no extensive educational library (no full-blown webinars or in-depth courses). The site features a few short video tutorials and a quick FAQ, but no robust learning curriculum—only fundamental guides. Many external educational resources or third-party tutorials are also available online. Beginners can experiment using the demo account or copy trading strategies from experienced traders. If you need thorough training in Forex or options, you may want to consult training programs from other brokers or specialized schools. BinaryCent is focused more on practical trading rather than long-form education.

Trader Reviews of BinaryCent

As always, a broker’s reliability is best reflected in reviews from actual clients. Opinions about BinaryCent are highly polarized, and negative feedback appears more frequent. On many forums and review sites, some traders complain about withdrawal issues. For instance, one client reported, “I can’t get my money out. I’ve been waiting for €999 for 35 days—only excuses and lies.”

Other users accuse BinaryCent of fraudulent behavior, alleging that after depositing funds, the broker delays or outright blocks withdrawals with no explanation. Managers’ tactics have also been criticized—numerous posts mention aggressive calls urging clients to deposit more or try additional services.

That said, positive testimonials do exist. Some satisfied users praise the extremely small trade size, the availability of a demo account, and the straightforward interface. There are also mentions of successfully withdrawing modest profits and being content with the broker’s conditions. However, these positive reviews are fewer in number than the negative ones.

Overall, BinaryCent’s reputation among traders is mixed at best. Many independent overviews highlight the elevated risk of dealing with this broker. If you plan to try BinaryCent, be sure to follow prudent steps: adhere strictly to withdrawal rules, avoid depositing large amounts you cannot afford to lose, and save evidence of all support communications. Checking the latest user feedback before making financial commitments is always wise.

How to Get Started with BinaryCent: Step-by-Step Guide

Below is a concise guide for those who want to explore BinaryCent’s platform:

Register an Account

Go to the official BinaryCent website and click “Open Account.” Fill out a short form: full name, email address, phone number, and create a password. Select your account currency (USD, EUR, GBP, or RUB). After agreeing to the terms, click to finalize the registration—your account is instantly created. It’s advisable to use correct personal details because you will need to verify your identity later for withdrawals.

registering a trading account with the Binarycent broker

Verification

After registration, you can deposit and trade right away, but you must complete identity verification to withdraw. It’s wise to do this early: upload scans or clear photos of a passport/government ID plus proof of address (e.g., a utilities bill). Verification typically takes 1–3 business days. This KYC step is standard among most brokers.

Deposit Funds

In your personal dashboard, go to the “Deposit” section. Specify your desired amount (at least $250) and the payment method—bank card, e-wallet, or cryptocurrency. Follow the steps to complete the payment. Deposited funds usually appear immediately or within minutes. Note that your chosen deposit method is typically the same one you must use for withdrawals (per AML rules).

Choose Your Account Type (Optional)

BinaryCent automatically assigns a Bronze status for deposits of $250+. If you deposit over $1000, you get Silver status; over $3000 gets you Gold. These tiers affect your bonus percentage and perks (see the account type table above). Upon depositing, you can also decide whether to accept a bonus or not (usually via a checkbox). Be sure you understand the bonus terms before agreeing.

Platform Orientation (Demo Mode)

Once your deposit is in place, you can start trading real funds. However, we recommend first switching to the demo account. On the platform, look for the “Real/Demo” toggle. In demo mode, practice placing trades: the interface is identical, but you’re using virtual money. This is a safe way to familiarize yourself with the platform and avoid risking real cash initially.

Placing Your First Trade

When you switch back to your real account, choose an asset from the platform’s list (currencies, crypto, stocks, etc.). Below that, select the type of trading: “Options” (binary options) or “CFD.” If you pick binary options, set the expiration (e.g., 1, 5, 15 minutes or longer) and the trade amount. Then click the Call/Buy (Up) or Put/Sell (Down) button, depending on your price forecast. Your trade will open, with a mark shown on the chart.

trading binary options with broker Binarycent

Waiting for the Outcome

If you chose a short-term option, the result might be apparent in just a few minutes. When the expiration is reached, the platform automatically closes the position. If your prediction is correct, you’ll receive your stake plus profit (e.g., +85%). If incorrect, you lose the stake. For CFD/Forex trades, positions remain open until you close them or your stop-loss/take-profit triggers.

Withdrawing Earnings

Suppose you’ve made some profitable trades and want to withdraw. Head to the “Withdrawal” section in your personal dashboard, specify the amount, and choose the method (usually the same one used for depositing). Your request will be processed. If your account is already verified, BinaryCent typically processes requests within an hour (per their claim). The funds then appear on your card or e-wallet—often within a few hours or up to a couple of days. Remember, if you have an active bonus and haven’t met the required trading turnover, withdrawals might be limited or delayed.

Following these steps can help you form your own opinion about BinaryCent. A few trading tips: Start small. Always try the demo account first. Carefully evaluate whether to accept bonuses; sometimes it’s simpler to skip them. If you use copy trading, choose top traders with consistent results, and monitor everything—no strategy is foolproof. Manage your risk by not allocating too high a percentage of your balance (5–10% is a common guideline). And most importantly, withdraw part of your profit periodically so you’re not overly exposed in the event of issues.

copying trades of successful traders from the Binarycent broker

Pros and Cons of BinaryCent

Advantages

  • Trade with extremely low stakes ($0.01), ideal for newcomers.
  • Potentially high payouts (85–95%) on successful options trades.
  • Wide range of instruments (Forex, crypto, stocks, etc.).
  • Copy trading and bonuses for faster account growth.
  • 24/7 trading and 24/7 customer support.
  • User-friendly proprietary platform plus mobile app.

Disadvantages

  • Offshore entity with no reliable regulatory oversight (no CySEC, FCA, etc.).
  • High minimum deposit ($250) compared to $10 or less at competing brokers.
  • Mixed reputation; multiple complaints about withdrawal issues and alleged scam activity.
  • No support for MetaTrader or API for custom bots.
  • Limited educational resources for beginners.


Comparison of BinaryCent with Other Popular Brokers

Broker Regulation Min. Deposit Min. Trade Option Payout Bonuses Demo Account
BinaryCent No (offshore) $250 $0.01 Up to 95% 20-100% deposit bonus Yes
IQ Option Partial (CySEC) $10 $1 Up to 95% None Yes
Deriv (Binary) Yes (multiple regulators) $5 $0.35 Up to ~90% None Yes
Quotex No (offshore) $10 $1 Up to 95% Promo codes offered Yes
Stockity No (offshore, new) $10 $1 Up to 90% No data Yes

BinaryCent vs IQ Option

IQ Option is one of the most recognized binary options brokers worldwide, so comparing them is illuminating. The main contrast is the entry threshold: IQ Option requires a minimum deposit of just $10 and a minimum trade of $1, while BinaryCent demands $250 and has a min stake of $0.01. On one hand, BinaryCent lets you place micro trades in cents, but you must first deposit a relatively large sum. IQ Option is more accessible to newbies with smaller budgets.

Another key difference is regulation and trust. IQ Option once held a European CySEC license (and remains under certain regulatory frameworks for some regions), giving it a more reputable standing. By comparison, BinaryCent is unregulated, diminishing confidence. IQ Option has existed since 2013, amassing tens of millions of users, whereas BinaryCent is smaller and younger.

Both brokers offer proprietary platforms, though IQ Option’s is known for advanced charting, numerous indicators, and social trading elements (like trading tournaments). BinaryCent’s distinctives include video chat and copy trading, which IQ Option does not provide. However, IQ Option excels with a more comprehensive training section, analytics, and a broader asset selection (including digital options unique to that platform).

Regarding payouts, both can offer up to ~90–95% on winning trades. Neither typically charges direct commissions on binary trades. IQ Option does not have deposit bonuses (prohibited in certain regulated regions), while BinaryCent aggressively markets bonuses of up to 100%. Bonuses can escalate risk due to turnover requirements.

In general, IQ Option outperforms in reliability, brand recognition, and affordability. BinaryCent might appeal to those who specifically want copy trading or are comfortable with higher initial deposits. For most traders—especially those new to the field—IQ Option’s regulated framework and broader reputation offer more confidence. Note that IQ Option has shifted focus toward CFDs, Forex, and crypto, and its services differ by region.

BinaryCent vs Deriv

Deriv (formerly Binary.com) has been a fixture in the binary options industry since the 1990s. It is regulated in several jurisdictions (holding licenses in Europe, Malaysia, Vanuatu, etc.), which immediately gives it an edge over BinaryCent in terms of trader protection. Deriv’s minimum deposit can be as low as $5 in some payment methods, and the minimum trade is $0.35—both are well below BinaryCent’s $250 deposit requirement.

Deriv provides a broad range of instruments: in addition to conventional binary options on currencies, indices, and commodities, it offers unique Synthetic Indices (continuously traded indices exclusive to Deriv) that are popular among some traders. It also supports robust Forex/CFD trading on MetaTrader 5 and proprietary platforms. BinaryCent does cover main markets but is more limited.

Deriv’s platform suite (Deriv Trader, SmartTrader for binaries, DMT5 for Forex, DBot for automation) generally caters to experienced traders, whereas BinaryCent’s single platform is simpler. Copy trading and video chat are not found on Deriv, but it has advanced tools for analysis and the ability to build automated strategies (DBot). Its educational content is also more comprehensive, including guides and tutorials.

Deriv doesn’t typically offer deposit bonuses. BinaryCent promotes sizable bonuses, but that entails restrictive conditions. In terms of payouts, both brokers can reach ~90–95% on binary trades. Deriv also offers 24/7 trading thanks to Synthetic Indices, while BinaryCent’s 24/7 model relies on cryptocurrency markets and OTC options.

In conclusion, Deriv has a stronger track record, multiple licenses, and a large user base with a history of consistent payouts. BinaryCent is more of a high-risk, high-reward option because it remains offshore and has a less stable reputation. Experienced traders seeking reliability generally prefer Deriv, whereas BinaryCent might attract those specifically looking for copy trading or extremely low trade sizes—but again, keep in mind the $250 deposit requirement.

BinaryCent vs Quotex

Quotex is a relatively new broker (founded in 2020), also lacking regulation by major authorities. Nevertheless, it swiftly gained popularity due to its user-friendly interface and low thresholds: $10 minimum deposit, $1 minimum trade. By comparison, BinaryCent’s $250 deposit requirement is significantly steeper, even though its per-trade minimum is just $0.01.

Both brokers focus on quick-turnaround binary options, often with short expirations. Quotex also claims up to 95% payouts on certain assets. That said, Quotex does not offer Forex or CFDs, whereas BinaryCent includes those under the same platform. Quotex’s platform is known for streamlined design with built-in signals and indicators, whereas BinaryCent’s main differentiators are video support and a copy trading feature—tools Quotex lacks.

Neither Quotex nor BinaryCent is considered “fully regulated,” but some traders regard Quotex as slightly more reputable based on fewer withdrawal complaints. Quotex usually pays out promptly (especially via cryptocurrencies). BinaryCent, on the other hand, faces more frequent critiques about delayed or denied withdrawals. Both provide demo accounts.

Many traders find Quotex to be the more accessible and modern alternative for binary options, thanks to its minimal deposit and straightforward platform. BinaryCent’s potential edge is copy trading, but the high initial deposit can be off-putting. In short, both remain high-risk due to being offshore, so you might base your choice on platform preference and personal comfort with risk. Quotex is often favored for its simplicity and lower entry barrier.

BinaryCent vs Stockity

Stockity is a new entrant (launched around 2022–2023) that also offers binary options and CFDs. Like BinaryCent, it is registered offshore (reportedly Marshall Islands) without significant regulation. Stockity’s main advantage is a very low entry threshold: a $10 minimum deposit and $1 minimum stake. It appears to target younger users, showcasing a slick interface and marketing appeals. In contrast, BinaryCent requires a heftier $250 deposit, even though trades can be as little as one cent.

Stockity’s platform is modern and intuitive, featuring a demo account with $10,000 of virtual funds. Functionally, it’s similar to Quotex or BinaryCent with short expirations and basic chart indicators. Stockity references possible AI-based analytical suggestions, but it’s unclear if these features amount to more than marketing claims. While BinaryCent highlights copy trading and video chat, Stockity doesn’t currently offer either.

Because Stockity is extremely new, the feedback pool is limited. There aren’t many documented controversies yet—simply due to limited track record. BinaryCent’s established but somewhat negative reputation contrasts with Stockity’s unknown future performance. Both are high-risk due to offshore status, so new users should approach carefully, test with small amounts, and always remain cautious.

If you have a very tight budget ($10–$50), Stockity may be more attractive since it requires less capital. Otherwise, you might weigh BinaryCent’s longer history (albeit accompanied by considerable negative reviews). Ultimately, both brokers face the reliability challenge of operating offshore without strong oversight.

Binarycent Referral Program — Earning from Client Referrals

BinaryCent offers an additional revenue avenue through its partner (affiliate) program. This operates on a CPA (Cost Per Acquisition) model, meaning you earn a commission for every referral who signs up via your unique link and makes a deposit. This is a convenient way to monetize your network—be it through social media, community forums, or personal connections—without having to trade yourself.

affiliate program or referral system at the broker Binarycent

How the BinaryCent Affiliate Program Works

Participating in the affiliate program is straightforward, even for beginners. After you register on the platform, you receive a unique affiliate link. You can share it on social networks, forums, or among your personal contacts. If someone signs up through your link and makes a deposit, you earn a commission. The compensation is 20% of the deposit amount, making BinaryCent’s program particularly appealing to those looking to create a stable extra income stream.

Payouts and Using Earned Funds

All your earnings go into a separate partner balance, which can be used in two ways: either to trade on BinaryCent or to withdraw to your own account. You need to complete account verification before withdrawing affiliate earnings. This verification step helps protect your funds from fraud.

The BinaryCent referral program can serve as an investment in your community: the more effectively you communicate the platform’s benefits, the higher your chances of generating a substantial income. Ultimately, success depends on your ability to engage and educate potential users about what BinaryCent offers.

BinaryCent FAQ

What are binary options and how do they work?

A binary option is a financial derivative offering a fixed outcome—profit or loss—depending on whether a specified condition is met by the option’s expiration. In essence, you make a prediction about whether the price of an underlying asset (e.g., EUR/USD or gold) will be higher or lower than its current level after a set time. If the forecast is correct, you receive a fixed profit percentage (e.g., 80–90%). If it’s incorrect, the stake is lost.

Binary options are popular for their simplicity—there’s no need to quantify the price move, just to guess the direction. However, the risk is high; if your forecast is wrong, you lose your entire stake. In many jurisdictions, binary options are restricted or banned (for instance, the EU and the UK banned them for retail clients in 2018). Despite this, BinaryCent keeps them available alongside other instruments. Keep in mind that binary options require disciplined risk management and a well-defined trading approach.

Is BinaryCent regulated?

No. BinaryCent is not licensed by any prominent financial supervisory bodies. It’s offshore-registered (Marshall Islands) and not overseen by CySEC, the FCA, or the Bank of Russia. Consequently, its operations are beyond the reach of those major regulators, so you are not protected by them if a dispute emerges.

What is the minimum deposit and trade size on BinaryCent?

The minimum deposit is $250. You cannot fund your account with less. The minimum size per trade (stake) is $0.01 (one cent). Thus, you can open very small trades, but still need at least $250 as your initial deposit.

Is there a demo account for practice?

Yes, BinaryCent does have a demo account. Every client can switch to demo mode and access virtual funds (usually around $5000 or $10,000 in play money) for risk-free practice. You can experiment with the platform’s interface and test trading strategies without the fear of losing actual funds. It’s strongly advised to use demo mode before moving on to real-money trades.

How fast are withdrawals from BinaryCent?

BinaryCent claims to process withdrawal requests within one hour. In reality, it may take somewhat longer. E-wallet or crypto withdrawals often arrive within a few hours; bank card withdrawals can take 1–3 business days. If you encounter a delay longer than 3–5 days, contact customer support for assistance.

What bonuses does BinaryCent offer and should I take them?

BinaryCent provides a first-time deposit bonus of 20% to 100% (depending on the deposit sum). However, bonus funds impose constraints—you must fulfill certain trading volumes before being eligible to withdraw. If you fail to meet these requirements, the broker may remove both the bonus and related profits or deduct a commission. Thus, consider your trade frequency before accepting a bonus. Many beginners opt to decline the bonus for greater withdrawal flexibility.

Which countries does BinaryCent work with?

BinaryCent accepts traders from most parts of the globe, including Russia, Ukraine, the CIS, Europe, and Asia. It generally restricts regions where binary options are banned or where the broker faces regulatory issues. For example, U.S. residents cannot legally trade through BinaryCent. If you live elsewhere, the site is likely open to you, though always verify local regulations.

Does BinaryCent have a mobile app?

Yes, BinaryCent offers mobile apps for both Android (available as an APK download from the official site) and iOS (may be listed in the App Store, depending on regional rules). The app basically replicates the web platform’s features: registration, deposits, opening trades, copy trading, and withdrawals. Mobile trading is convenient, but always keep your login data secure.

How can I contact BinaryCent support?

BinaryCent’s customer service is available around the clock. Contact options include:

  • Online chat on the official website (live chat and video chat)
  • Email: send your inquiry to support@binarycent.com
  • Phone: The website lists several numbers for different regions. For instance, Russia: +7-499-380-63-17, UK: +44-20-3808-7640, Australia: +61-8-5550-7288. Check the BinaryCent website for a complete list.

Be prepared to provide your account details and a clear description of your question. Support is available in multiple languages, including Russian and English. You can also consult the FAQ section for common inquiries.

Is BinaryCent a scam? Can it be trusted?

Labeling BinaryCent a scam outright is unfair—it does allow real trading, and numerous clients can confirm receiving payouts. However, because it’s unregulated and accumulates negative feedback over withdrawal troubles, it isn’t considered highly trustworthy. BinaryCent also appears in certain regulators’ warnings (like the CFTC Red List in the U.S.), indicating a questionable legal standing. Some traders report major issues withdrawing funds. Thus, you can work with BinaryCent only at your own risk, ideally with small sums. Always follow their rules and keep records of all interactions.

What is the minimum amount for withdrawals from BinaryCent?

The usual minimum withdrawal request is $50. That’s the smallest amount you can send to a bank card or e-wallet. A few methods (e.g., certain cryptos) might allow $20 minimum. Anything less than that is typically prohibited by the broker’s policies. So it’s wise to accumulate at least $50 in profits before requesting a payout.

Does BinaryCent offer no-deposit bonuses or promo codes?

At present, BinaryCent does not provide no-deposit bonuses. You must deposit at least $250 to receive any bonus. Occasionally, you’ll see promo codes or coupons online claiming to boost your deposit bonus or grant risk-free trades. However, genuine “no-deposit” offers—where you get real funds without funding your account—are not advertised. If you encounter such claims, proceed cautiously if they’re not verified on BinaryCent’s official page.

Conclusion

BinaryCent is a controversial broker in the binary options sector. On one hand, it offers interesting features like extremely low per-trade amounts ($0.01), copy trading functionality, around-the-clock market access, and appealing deposit bonuses. Intermediate or advanced traders may appreciate leveraging these opportunities, while novices may enjoy the platform’s straightforward design.

On the other hand, notable downsides include offshore registration with no stringent regulatory supervision, a large number of negative user reviews, and a comparatively high minimum deposit ($250). The broker has appeared in warnings from various regulators (like the CFTC), which erodes confidence further.

BinaryCent Analysis on Key Criteria

In summary, BinaryCent can’t be definitively branded either a proven broker or a fraudulent scheme. It does provide real trading opportunities and pays some clients, yet its unregulated status increases overall risk. If you decide to try BinaryCent, exercise caution: do not invest more than you can lose, read the bonus and withdrawal conditions thoroughly, and possibly test the demo account first. Also consider well-established alternatives (IQ Option or Deriv) if regulatory oversight and fund security are priorities.

BinaryCent might suit more experienced traders who fully grasp the risks of offshore trading, are curious about copy trading, or wish to experiment with tiny trade sizes. Nevertheless, new investors are generally advised to start with more transparent, regulated platforms known for stable service and robust consumer protections. After all, when dealing with financial markets, the safety of your funds is as crucial as the trading opportunities themselves.

Trading in Forex and binary options carries high risks. Data suggests that about 70–90% of traders lose their investments when trading. Specialized knowledge is essential for consistent profits. Before trading, it’s recommended to fully understand how these instruments work and be prepared for potential financial losses. Never risk funds whose loss could negatively impact your standard of living.


Igor Lementov
Igor Lementov - Financial Expert and Analyst at Trading-Today.net


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