BetOnMarkets, an online trading company, has just announced that it would re-brand under the new name Binary.com. A new set of services and tool has been launched as the result of this re-branding. It was necessary to rebrand in order to reflect the new services offered by the company.
Rebranding to Binary.com means it is no longer just a binary betting provider. It is now a full service online trading provider who brings traders the chance to really invest in binary options contracts that has very long expiration times, could be up to one year.
Below is the review for Binary.com, you should read it to know about all the services of this broker.
Website and Trading Platform
Not only did BetOnMarkets change the brand name to Binary.com but it also changed into a totally new and elegant website. Traders will be able to see all the features and services provided on the new website. The broker’s trading platform is also very user-friendly.
It is very easy to understand the trading interface of the company. After the traders access the interface, they just need to pick the desired market (underlying asset) and some parameters. Traders are also allowed to choose the barriers for their options contract themselves.
Let’s take an example. Suppose at some time the stock price of Microsoft is $100, traders are allowed to choose a limit or boundary where the price will have to either touch or not touch, depending on their choice; i.e. traders can pick an upper limit of, for example, $108. Boundaries are not forex on traders by the broker.
After doing these steps, traders just need to choose the expiration time they want, which is quite flexible, and the payout level they want. This step will bring out a price quote which represents the investment need to be made by the trader so as to purchase the option.
Flexible Expiration Times
Binary.com uses the kind of software that allows traders to choose various expiration times, ranging from as short as just 10 seconds up to as long as a year. This explains why Binary.com is not just a binary betting provider, but a real financial trading service provider. Longer expiration times eventually increases traders’ winning chance because it allows them to carry out deeper research. In the binary trading world, it is believed that the longer the expiration times are, the greater the winning chance of traders will be. That is, of course, the traders use the time to do proper research.
At the moment, Binary.com offers trader a wide selection of assets in all major asset categories. In the field of forex currency pairs, traders are able to trade on pairs like EUR/USD, EUR/GBP, EUR/AUD, USD/JPY, GBP/USD and many other. What makes the forex portfolio even better is the existence of many exotic pairs likeNZD/USD, GBP/PLN and many more.
Traders can also trade indices with choices from all major countries in the world. As for commodities, traders can choose to trade on either gold, silver or oil. Essentially, traders are able to trade on multiple stocks like Adidas, Tesco, BP, Allianz, Vodafone, etc.
Types of Options
At Binary.com, traders will be able to trade some unique types of options that cannot be found at other binary options brokers. There are high/low options, which is quite simple to trade: traders just have to predict whether the value of the asset will be higher or lower than a previously chosen barrier when the expiration time comes.
There are also touch and no-touch options, which require traders to predict whether the value of an asset will touch a previously established value or not in a time period. As for “in-and-out” (boundary) options, traders have to decide whether the value of an asset will remain within a range during a time period.
However, the most special and unique type of options offered by Binary.com is the rise/fall options. There is no need for barrier in trading this options, just an expiration rate. What traders have to do is decide whether when the expiration time comes, the value of the asset will become higher or lower than its value when it is purchased. This type of options is essentially the same as high/low options, except no barrier is needed.
As for payout rates, Binary.com offers those even up to 100 per cent in trading simple high/low options. In the case of more complex options, such as touch/no-touch, the payout rates can even reach as high as 1,000 per cent in some cases. We believe this is the most profitable payout rates offered by any broker on the market now.
Deposits and Withdrawals
There are various payment methods available at Binary.com, ranging from wire transfer, Visa, MasterCard, Western Union, Moneybookers, Instadebit, Ukash, Neteller and many more. This broker also lower the minimum deposit amount to just $10 in most cases, compared to $200 at most other brokers.
No fees are charged on both deposits and withdrawals. The withdrawal waiting time is promised to be between 1 and 5 business days.
Regulation and General Conclusions
The Gambling Supervision Commission in the Isle of Man and the Lotteries and Gaming Authority in Malta have both licensed Binary.com. With these licenses, traders from both inside and outside of the European Union will be offered protection.
As far as we are concerned, BetOnMarkets performed better since it became Binary.com. The broker has totally changed its whole service portfolio, and offered maximum flexibility to traders by implementing a new trading system. Taking into consideration the minimum deposit amount of just $10 and payout rates of more than 100 per cent, we strongly recommend Binary.com for all traders.