Binary.com – Trading Platform

Binary.com is a binary options brand that has been established and has been growing in the binary options sector since 1999. The pioneer of this type of investment. The firm has changed brands over the years, and was previously BetOnMarkets.com – rebranded to Binary.com in 2013. They recently added Bitcoin-funded trading accounts – initially only for non-EU accounts – but continued is ahead of the game in the binary sector. Their longevity shows that they are not scams and well-known brands in Europe and Asia.

Survey

Consistent award winners in their formative years, the firm now has a history that has seen them turn over $2 billion in binary trades. They also have over 1 million traders using their platform, handling over 1 million transactions per day. Despite the competition in the sector Binary.com has maintained their position as one of the leading binary operators, under the tag line ”  Sharp prices, Smart trading “. Regulated by the Malta Financial Services Authority, the firm is based in Malta, with offices in Malaysia as well. They are popular in the region, especially Indonesia and Singapore. They are also licensed in the UK. The low minimum deposit makes it an attractive proposition. Traders can evaluate binary options platforms, while taking minimal risk. Advanced traders will also appreciate the flexibility of the trading platform which allows ‘  structuring  ‘ of trades to allow more complex risk/reward plans to be created and implemented. Here are some key details about the Binary.com brand;

• Demo Account – Yes (Virtual account balance of $10k available)
• Minimum Deposit – £5
• Minimum trade – £5
• Auto Trader Robot – Yes
• Signal service – No
• Bonus details – There are no bonus offers currently being offered
• Binary.com App – Yes, for Android and iPhone.

Trading Platform

The Binary.com platform has been cut to serve only the needs of traders. With none of the distractions found on other platforms. There are no gimmicks on the trading platform – just key trading information. This may suit some traders, others may prefer a better ‘presented’ offer when they enter. But some may argue that trade is clear and unfettered. It offers a lot of flexibility for traders. This clarity is why more sophisticated traders love this platform, and it uses simpler winning strategies. In addition to the standard platform, the firm also offers several other advanced tools. For example, there are also these trading areas:

• MetaTrader 5 – Advanced CFD trading. This area combines a trading suite with MetaTrader integration, including both MT4 and MT5. This delivers charts comparable to market leading CFD brokers. Downloading is a quick process.
• Binary WebTrader . The WebTrader platform offers traders the ability to watch and monitor multiple underlying assets and their trades at the same time.
• Next-Gen Binaries. This is the mobile app version of the platform. It makes it easy to trade anywhere, from multiple mobile devices. Compatible with android and iPhone, the app provides a seamless crossover trading experience.
• Binary Bot. Covered in more detail below, the Binary Bot area gives customers the opportunity to build and operate their own auto trading robots. It provides depth and detail beyond similar services provided at other brokers. Bot scripts can be created and thoroughly tested.

The underlying asset selection is made along the top of the platform. As well as the usual Forex, Indices, stocks and commodities, there are also ‘  randoms  ‘ unique to Binary.com. This is pure speculation and purely for traders looking for a quick adrenaline rush.

Once the asset class is selected, the options option will appear just above the trade field. So Forex for example, will show the types of options Up / Down, Touch / No Touch and In / Out. Again, the trading area below will be updated with the relevant fields when an option type has been selected. Each type of option is discussed in more detail later in the review. The first two fields in the trading area allow traders to select the specific asset they are interested in. The actual asset is selected from the second drop-down list. The first field simply reduces the list to make it more manageable. (For example, selecting ‘Major Pairs’ from the first field, will reduce the list to only major currencies, making selection easier). The ‘  Period  ‘ (or ‘ end time  ‘) can then be selected. This determines the expiration time of the option. This allows traders to choose the length of anything between a handful of ticks or seconds, up to a year if they wish (and anywhere in between). This level of flexibility is unmatched among other brokers. Once a contract is opened, it will have a ‘live’ price until the expiry point. This gives the trader the opportunity to close the trade – either to take profit or cut losses.

At that time there is a display of the current spot price, and a very small price graph. Below is the payment field. At Binary.com, instead of asking traders to choose their stake, they ask them to choose a payout. The actual stock required to reach the payment will be calculated automatically. It’s the opposite of how other brokers operate, but obviously traders have gotten used to it. As this field is updated, the actual trade button on the right will be updated. The trading button is large, and contains all relevant information – Effective interest, exact expiration, direction the asset price should move, potential net profit and actual raw payout percentage. Merchants need to select the ‘  Purchase ‘ button ‘ to complete the trade. Traders moving to Binary.com from other brokers may find the trading platform unfamiliar, as it is quite unique in design. However, it offers a lot of flexibility and maintains the simplicity that makes binary options so popular.

Trader’s choice

Binary.com offers options on forex, commodities, stocks and indices. Their asset list is good. Currency pairs are the most comprehensive list. Combined with great free time flexibility, binary.com offers a wide range of options for traders. They offer four main options: Up / Down – Basic binary options. Will the asset increase in value, or fall? (Higher / Lower are the same options under the same heading, and are similar to the ”  ladder ” option ” – in other words, will the closing price be higher or lower than the predetermined price – not the strike price. , the payout is usually higher, sometimes as high as 1000%) Touch / No Touch – Does the price of the asset touch a certain price level during the time frame, or not? The flexibility in the platform allows trades to be ‘nested’, making more complex trading strategies possible, where risk and reward can be shaped more precisely. End In / Out – At the end point, is the asset price within the preset value range, or outside of that range? Fixed In / Exit – Same as Ending In / Exit, but here the query is that the price stays within the preset price level  throughout the trading period , or will move out of the values ​​at any point during the trade – once, at any time, is enough. Binary.com tick trading option also presents a method for profit ‘per tick’, which, while moving away from the binary model a little, gives the trader a different form or speculating on the asset. The list of assets is constantly growing, especially with the introduction of cryptocurrencies. Binary.com delivers a wide range of markets however, including forex (via binaries and CFDs) plus indices, commodities and metals. They also provide trading on the volatility index (VIX). The volatility index may require its own strategy or approach and it will also help to fully understand how the volatility index is calculated.

Binary.com often leads the way in weekend trading – they once operated their own index for this purpose. However, now global markets operate outside of traditional “traditional” trading hours. The Forex market in particular, operates globally 6 days a week, around the clock. However, Binary.com takes advantage of the market being open over the weekend. So an open index in Tel Aviv or India can be traded over the weekend. Although there are fluctuations and volume considerations for trading on the weekend, Binary.com certainly makes it easy for traders.