Binary Cent
Forex & CFD broker · Reviewed against our 50-point criteria
TC RATING
Not Rated
We do not recommend this broker. Binary Cent is not regulated by a Tier 1 authority such as the FCA, ASIC, or CySEC, so it does not qualify for a TC Rating and does not meet the standard we recommend traders use.
Is BinaryCent regulated?
No. BinaryCent is not regulated by any top-tier authority such as the FCA, ASIC, CySEC, or SEC. It operates offshore out of the Marshall Islands, a jurisdiction with no meaningful oversight of forex or binary-options brokers, and it has appeared on warning lists published by financial regulators.
It is also worth knowing that binary options are banned for retail clients in the UK and across the EU. Regulators there judged them to be closer to gambling than investing, with the odds structurally stacked against the trader. A broker offering them to retail clients is operating outside the rules that protect traders in those markets.
We do not recommend BinaryCent. With no regulator standing behind it, there is no one auditing how it holds your money, no compensation scheme if it fails, and no independent body to turn to if a withdrawal is refused.
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.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
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.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
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.
