BinaryCent was established in 2016. The trading platform that lets you trade forex, binary options, and CFDs. You can start trading with a deposit, and it promises high returns. However, we do not recommend BinaryCent because it is not a regulated broker.
Pros and cons of BinaryCent
| Pros | Cons |
|---|---|
| You can trade 24/7 | There is no regulation |
| You can get returns if you win | Many people complain about withdrawals |
| – | Trading is very risky |
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Key features of BinaryCent
- The minimum deposit is $20 – $250.
- You can start trading with $0.10.
- You can earn up to 95% returns.
- They provide a demo account with $10,000 virtual cash that expires within 3 days
- They provide three account types: gold, silver, and bronze.
- They offer copy trading.
- They provide a proprietary trading platform
- Trading is 24/7, even on weekends.
- You can pay with cryptocurrency.
- They offer deposit bonuses up to 100%.
- You can use leverage up to 1:500.
- The platform is easy to use.
- Payment methods: Cryptocurrencies BTC, ETH, etc. Credit/Debit cards, E-wallets such as Neteller or Skrill.
- Assets offered: Binary options, CFDs, forex, stocks, commodities, and crypto.
- They provide 24/7 customer support.
Check out our regulated vs unregulated brokers: Which is safer for money?
Risks of BinaryCent
- It is not regulated, so your money is not protected.
- Binary alternatives buying and selling may be very risky.
- You might have trouble withdrawing your money.
- Bonus terms can make it hard to withdraw.
- High leverage can lead to losses.
- Cryptocurrency payments are hard to recover.
Read comprehensive broker reviews and compare top trading platforms easily.
Final verdict on BinaryCent
After reviewing the regulation status, independent review platforms, withdrawal reports, user experience feedback, and overall trust indicates that Binarycent is not legitimate.
| Category | Score (out of 5) |
|---|---|
| Regulation & safety | ⭐ 0.5/5 |
| User experience | ⭐ 1/5 |
| Withdrawals & trust | ⭐ 1/5 |
| Platform experience | ⭐ 2/5 |
| Community reports | ⭐ 1/5 |
| Overall | ⭐ 1 / 5 |
Conclusion
BinaryCent is a risky and unregulated broker. We do not recommend an unregulated broker. It is not suitable for all types of traders. If you still want to use it, only invest money you can afford to lose. It is generally safer to trade with regulated brokers.
Pro Tip
Do not risk your money on platforms like BinaryCent. Choose a trusted and regulated broker for trading.
Frequently Asked Questions FAQs
1. Is BinaryCent a scam?
Many users online label BinaryCent as a scam based on their experiences with delayed or denied withdrawals and alleged manipulative practices.
2. Is BinaryCent regulated and safe?
BinaryCent does not have a top-tier financial regulator license like FCA, CySEC, ASIC, SEBI, SEC, etc., and has appeared on warning lists by industry oversight groups.
3. Why do withdrawals take long or not happen at all?
Withdrawal delays or cancellations are often mentioned in user reviews. People say they have to wait for weeks or even months. In some cases, they still do not receive their payouts. Some users are also told to use workarounds. For example, they are asked to split their withdrawals or pay fees.
