Binary.com has been around since 1999, but was named BetOnMarkets.com until 2013. They are one of the pioneers in the field, and now handles over 1 million transactions a day.
Binary.com have several subsidiaries around the world, to comply with local regulations. The subsidiaries are owned by the holding company Deriv Limited, which has a registered office at 47 Esplanade, St Helier, Jersey JE1 0BD, Channel Islands.
Within the European Union, Binary.com operates through the subsidiary Deriv Investments (Europe) Limited, W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta. This subsidiary is licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (license no. IS/70156).
Is Binary.com suitable for micro traders?
Yes, you do not need a big bankroll to get started with Binary.com. The smallest possible deposit is just £5 and the minimum trade is £1.
The maximum trade is £100,000.
Binary.com offers binary options based on underlying assets such as currency, commodities, company shares, and indices. A large part of the total selection is binary options based on currency.
Types of binary options
Up/Down. This is the basic type of binary option.
Touch/No Touch. With a Touch binary option, you get paid if the underlying asset reaches a certain point at any time during the duration of the option. The No Touch binary option works in the opposite way.
Ends in / Ens out. These options are about the asset price ending within, or outside, a predetermined value range.
Stays in / Goes out. The underlying asset value needs to stay within, or outside, the predetermined value range for the duration of the option.
With a Binary.com account, you can use a variety of trading platforms, but only some of them offers binary options.
The standard proprietary Binary.com platform. It is sleek and basic. Some traders love this minimalistic style, while others find it lacking in features.
Binary WebTrader. This platform is popular among very active traders who keep a lot of positions open simultaneously. It opens in the web browser window.
You can open a free demo account and use it to trade on Binary.com using play-money. The demo account comes with 10,000 in play-money to give you plenty to opportunities to learn how the platform works and see if you like what Binary.com has to offer.
The app version of Binary WebTrader is called Binary NextGen, and works with Android.
Signal service is not available.
The service Binary Bot can be used for autotrading.
Deposits and withdrawals
A very large number of transaction methods is accepted for deposits and withdrawals. This includes bank wire transfer, many credit and debit cards, and plenty of e-wallets.
Smallest possible deposit is £5.