www.binarycent.com has been flagged by AMF (France) for "Unauthorised". Category: Forex|Options_binaires This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.binarycent.com.
www.binarycent.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Competitive fees|High security standards|Regular updates|Clear documentation
Cons: Email notifications too frequent|Spreads widen during volatile periods
The spread at www.binarycent.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Full transparency|Demo account available|Real-time alerts|Economic calendar
Cons: Charting tools need more indicators|Limited social trading features
www.binarycent.com has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Helpful community forum|Educational resources|Stable platform|Easy withdrawals
Cons: Could offer more webinars|No integrated tax optimization
The mobile app from www.binarycent.com is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Helpful community forum|Regular updates|Full transparency|High security standards
Cons: Could offer more webinars|Slow to add new assets
The platform at www.binarycent.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a few weeks now of dealing with this, I have had enough.
Pros: Easy to use platform|Competitive fees
Cons: Currency conversion fee exists|Live chat only during business hours
Where do I even begin with www.binarycent.com? for about eight months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Copy trading available|Social trading features|Multiple order types
Cons: Alert system is basic|Limited social trading features
www.binarycent.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: API access|Portfolio tracking tools
Cons: Email notifications too frequent|None so far