Binary.com

Smallest trade allowed 1 GBP
Largest trade allowed 100,000 GBP
Smallest deposit allowed 5 GBP
Demo account available? Yes, with 10,000 in virtual currency to make demo trades with
Mobile App available? Yes
Auto Trader Robot available? Yes
Signal Service available? No

Binary.com is an online broker offering binary options based on commodities, currency pairs, stocks and indices. Their largest selection of underlying assets for binary options is found in the currency pair category, but Binary.com is definitely of interest for the commodity binary option trader as well.

Examples of the reasons why many commodity binary option traders keep an account with Binary.com:

  • A wide selection when it comes of expiry times for binary options.
  • A lot of different alternatives are accepted for deposits and withdrawals.
  • Bitcoin funded trading accounts are available, setting Binary.com apart from most other commodity binary options brokers.
  • For some deposit methods (e.g. Skrill, Neteller and WebMoney) the minimum deposit is just 5 GBP.

The trading platform

The Binary.com trading platform has adopted a sleek and clutter-free “less is more” approach. If you like binary option trading platforms where you aren’t bombarded with a lot of attention grabbing gimmicks, you will probably like this platform a lot.

This does not mean that you won’t have access to advanced information and tools at Binary.com. Quite the opposite actually – as a Binary.com trader you’ll have access to a wide range of advanced aids. Here are a few examples:

  • Binary Bot.Use the Binary Bot to design, test and run your own auto trading robots.
  • Binary WebTraderUse Binary WebTrader to monitor multiple underlying assets.
  • MetaTrader 5If trading in commodity binary options isn’t enough for you, you can use the MetaTrader 5 to carry out advanced CFD trading.

Examples of binary option types available at Binary.com

Up/Down

This is the classic type of binary option. Your task is to predict if the price of the asset will rise or fall.

Higher/Lower

Will the price of the value finish higher or lower than a certain predetermined point? Make the right prediction and you get paid from this binary option.

Touch/No Touch

Will the asset price ever touch a certain predetermined point throughout the lifespan of the binary option?

Ends In/Out

When the binary option expires, will the asset price be within a certain predetermined range?

Stays In/Goes Out

Will the asset price stay within a certain predetermined range throughout the lifetime of the binary option?

Trading in binary options at Binary.com

Trading in binary options – including commodity-based binary options – is very easy at Binary.com. You start by selecting the asset class to make all the available options appear just above the trading fields. So if you select commodities as the asset class, you get to see commodity-based binary options only. Select your desired option type, and the relevant fields in the trading area below will update themselves automatically. You can now select various details, such as expiry time and how much money to risk.

Mobile App

The Binary.com mobile trading app is comprehensive and easy to use. All commodity-based binary options that are available for web site trading are available in the app as well.

Banking

A wide range of deposit and withdrawal methods are accepted by Binary.com, including certain credit cards, debit cards, e-wallets and bank wire transfer. Examples of accepted e-wallets are Skrill, WebMoney, FastPay and Neteller. With these four e-wallets, the minimum deposit is just 5 GBP. The minimum deposit for credit and debit cards is 10 GBP, while the minimum deposit for bank wire transfer is 25 GBP.

In most cases, withdrawals made through Skrill or Neteller is the fastest withdrawal option since they tend to be processed within one day. A bank wire transfer is considerably slower – don’t expect it to be processed in less than five days. Credit and debit card withdrawals typically take three days to process.

Other features

  • Robot trading (automated trading systems)
  • Charting options for technical analysis
  • Wide assortment of educational material, including e-books, videos and online seminars. Online seminars focused specifically on commodities are available.
  • Market data can be displayed via live feeds and chart packages.
  • Binary.tv provides market analysis and review of popular assets.
  • Customer support is available in several different languages.

About Binary.com

The company behind Binary.com has been active online since 1999, but didn’t change their name from BetOnMarkets.com to Binary.com until 2013. It’s a well-established company with a solid history of trailblazing within the field of binary options. Today, over 1 million traders are using their platform.

The company is based in Malaysia, but licensed by the Malta Financial Services Authority in Europe. Binary.com also hold as UK license.