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Binarycent is an online trading platform that allows users to trade a variety of financial instruments including currencies, commodities, stocks, and cryptocurrencies. The platform was founded in 2016 and is owned by the company Suomen Kerran LP, which is based in Scotland. Binarycent is regulated by the Vanuatu Financial Services Commission (VFSC).
Binarycent is a binary options trading platform, which means that users can place trades on whether the price of an asset will go up or down within a specified time frame. Binary options trading is a type of financial trading that has gained popularity in recent years due to its simplicity and accessibility. Binarycent is a relatively new player in this market, but it has already gained a loyal following due to its user-friendly platform and low minimum deposit requirements.
One of the standout features of Binarycent is its low minimum deposit requirement. Users can start trading with just $10, which is significantly lower than the industry average. This makes Binarycent a great option for beginners or traders who are looking to test out a new strategy without risking a lot of capital. Additionally, Binarycent offers a demo account that users can use to practice trading without risking any real money.
Binarycent also offers a variety of trading account types to suit different levels of traders. The Bronze account is the most basic and requires a minimum deposit of $250. This account type comes with a 20% bonus and access to basic training materials. The Silver account requires a minimum deposit of $1,000 and comes with a 50% bonus, a personal success manager, and access to advanced training materials. The Gold account requires a minimum deposit of $3,000 and comes with a 100% bonus, a personal success manager, access to all training materials, and daily market reviews. Finally, the VIP account requires a minimum deposit of $10,000 and comes with a 120% bonus, a personal success manager, access to all training materials, daily market reviews, and VIP support.
In terms of trading instruments, Binarycent offers a wide range of options including currency pairs, commodities, stocks, and cryptocurrencies. Users can trade these instruments using a variety of trading methods including High/Low, Turbo, and One Touch. Additionally, Binarycent offers a social trading feature that allows users to follow and copy the trades of successful traders.
One of the drawbacks of Binarycent is that it is not regulated by a major financial regulator such as the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the US. Instead, it is regulated by the VFSC, which is based in the small island nation of Vanuatu. While the VFSC is a legitimate regulator, it is not as well-known or respected as other regulators in the industry. This may make some traders hesitant to use the platform.
Another potential drawback of Binarycent is that it only offers binary options trading. While this type of trading can be profitable, it is also very risky and can result in significant losses. Binary options trading has also been banned in some countries due to concerns about fraud and manipulation. As a result, some traders may prefer to use a platform that offers other types of trading such as forex or CFDs.
Binarycent is a binary options trading platform that offers a user-friendly interface, low minimum deposit requirements, and a variety of trading instruments. While it is a relatively new player in the market, it has already gained a loyal following due to its accessibility and simplicity. However, it is important to keep in mind the potential drawbacks of using Binarycent including its limited regulation and the risks associated with binary options trading. As with any financial trading platform, it is important to do your research and only invest money that you can afford to lose.
Did you know that Binarycent has an affiliate program?
Here is some basic information about what Binarycent is all about. Check it out, and if you are interested there is a link below to access the Binarycent affiliate program.