Binarycent Review

Binarycent  Logo Max Bonus: 100%


Rating: 4.7/10
Binarycent  Home Page Screenshot Binarycent  Trading Platform Screenshot
Broker Binarycent
US Traders Accepted
Company Name Wave Makers LTD
Headquarters Marshall Islands
Regulation No
Bonus Type Welcome bonus, risk-free trades
Bonus Size 100%
Max Payout 98%
Out-of-Money Reward 0%
Trading Platform Proprietary
Early Closure
Deposit Options Credit/debit card, cryptocurrencies (Bitcoin, Ethereum, altcoins), Neteller, Skrill, Perfect Money, WebMoney, wire transfer, QIWI, JCB
Deposit Currencies US dollar, euro, British pound, Russian ruble, euro
Minimum Deposit $20
Minimum Trade $0.01
Online Since 2017
Trading Instruments Forex, cryptocurrencies
Number of Trading Instruments 42
Binary Option Types High/Low (Turbo, Intraday, Long-Term)
Customer Support Types Live chat, regional phone support, web form
Education Offered Master class (web session), FAQ
Tools Offered Copy trading, personal success manager, Double Up, Rollover, Early Close, market analysis, trading contest
Commission 5% transfer fee for credit/debit card transfers, $50 fee for wire transfers, $10 per month inactivity fee, swap fees (0.07% of the face value of the position). $50 withdrawal minimum.
Languages English, Spanish, German, French, Chinese, Thai, Arabic
Demo Account Yes

If you have been trading binary options for long, you may well be familiar with the Binarycent name. This website has been around since 2017. As of the time of this writing, it is under new management, and is pretty unrecognizable in many respects. In this updated review, we will let you know whether trading at Binarycent is worthwhile in 2022.

Familiar name, new experience

Binarycent used to be owned and operated by a company called Finance Group Corp. Nowadays, it is run by a company called Wave Makers, LTD, located on the Marshall Islands. This company is not regulated.

Some aspects of the Binarycent experience are unchanged since the time when Finance Group Corp. ran the site. For instance, you can still get support via live video chat. But many other aspects of trading here are completely different.

Opening an account on Binarycent

The minimum deposit amount to get started trading on Binarycent is $20. You can get a match on your first deposit of up to 100% on amounts as high as $25,000 (yes, you read that right—this is a massive bonus). Do not forget that rollover requirements apply to match deposit bonuses.

Transfer methods include credit or debit card, cryptocurrencies (BTC, ETH, altcoins), Neteller, Skrill, Perfect Money, WebMoney, wire transfer, QIWI and JCB. Available account currencies include US dollar, British pound, euro, and Russian ruble.

There are three account tiers:

  • Bronze
  • Silver
  • Gold

At the lowest tier, you receive 1-hour withdrawals, a 20% bonus, a demo account, access to the copy trading tool, and 24/7 live video chat support.

At each tier, additional benefits are added. At the Gold level, you get all of these benefits plus a 100% bonus, a master class web session, a personal success manager, and your first three trades risk-free. To clarify, if you lose those risk-free trades, you receive bonus money as compensation. Once again, you can expect rollover requirements to apply to these bonuses.

Trading on the proprietary platform

If you do decide to trade on this site, you will be on a proprietary platform. The platform itself is attractive enough, and allows you to trade a minimum of 10 cents. There is no maximum trade size.

There is essentially only one type of trade available on the site. The three listed types are Turbo, Intraday, and Long Term, but these are all basic High/Low trades with different expiry times. Other websites provide other types of trades such as One Touch, Range, Pairs or Ladder. Considering that you are limited to only one basic type of trade and 27 assets, this is not the most flexible website for trading binary options.

Reputation and Customer Service

Once you have opened and funded your account, you can head on over to the proprietary trading platform. It has a sleek, clean appearance with a dark blue background, and offers easy navigation and some basic drawing tools to use on the charts.

Binarycent takes its name seriously, offering a minimum trade size of just 1 cent. There is no maximum trade size—you are only limited by how much is in your account. This flexibility makes this platform equally accessible to traders with large and small account sizes.

Types of trading instruments include currencies and cryptocurrencies; we count 42 in all. This is not a huge selection, alas. There is also only one type of option: High/Low. But at least there are Turbo, Intraday and Long-Term expiry times available, plus the options for Double Up, Rollover and Early Close. You can follow other traders by clicking on “copy trading” on the left. There, you will also find market analysis and the trading contest.

One thing you will really like about this site is that the maximum payout per trade ranges as high as 98%. That is far superior to what you will find on many other binary options trading sites.


One area where Binarycent does not excel is with respect to fees. Here are the ones to be aware of:

  • 5% transfer fee for credit/debit card transfers
  • $50 fee for wire transfers
  • $10 per month inactivity fee
  • Swap fees (0.07% of the face value of the position)

Also, there is a $50 withdrawal minimum when you want to take funds out of your account.

The $10 a month inactivity fee is pretty rough. A lot of binary options brokers will not charge inactivity fees until you have not used your account for a number of months (often about six months). But this site will hit you with a fee for every month you fail to make a trade. So, watch out for that, especially if you are a long-term trader. These fees can really eat into your profits.

An abundance of tools, resources, and support

As we have already discussed in the sections above when we went over the features of the different accounts and what to expect while trading, there are a lot of educational resources and trading tools offered by Binarycent, which is great.

Visit Binarycent  →

4 Traders' Reviews

  1. Lynn reviewed Binarycent

    I’ve signed-up with Binarycent over a month ago and everything seems to okay. What I like about this broker is that they accept Bitcoin for funding the account. I was able to cash-out my funds without any setbacks or whatsoever. I’m giving them 9.7 stars.

  2. WalterRev reviewed Binarycent

    Binarycent is a front for a previous ponzi scheme owner. STAY FAR FAR AWAY – They have ripped off customers all over this planet , they have rules that are not fair to the traders, have hours of operation not consistent with trading and if you think you are a good trader and your profits are racking up , you better be prepared – you will not get your profits or investment back. They will give you every excuse in the book as to how you violated there so called terms . This company should be in prison.

  3. Pavol reviewed Binarycent

    I am from EU from Slovakia (central Europa).
    BinaryCent copy trading trading is scam. Success rate of best providers was only 42%.

Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it. It is not recommended to base your investment decisions on any information presented on or originating from By browsing this website you express your acceptance of the terms of this disclaimer and that cannot be deemed responsible for any losses that may occur as a result of your binary option trading. is not licensed or registered as a financial consultant or adviser. is neither a broker, nor funds manager. The website does not provide any paid services. All content of is presented for educational or entertainment purposes only.

General Risk Warning: Trading in Binary Options carries a high level of risk and can result in the loss of your investment. As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to Binary Options or (b) any direct, indirect, special, consequential or incidental damages whatsoever. is compensated partially through the affiliate commission earned from some of the listed brokers.

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