BinaryCM Review

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BinaryCM

Rating: 9.00/10
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Broker BinaryCM
US Traders Accepted
Company Name G.S.E. Golden Sky Europe Limited
Headquarters Limassol , Cyprus
Regulation CySEC, license #293/16
Max Payout 90%
Out-of-Money Reward 10%
Trading Platform Proprietary
Mobile App Android
Deposit Options Credit/debit cards, wire transfer, Skrill, iDEAL, paysafecard, SOFORT
Deposit Currencies US dollar, Great Britain pound, euro
Minimum Deposit $250
Minimum Trade $10
Maximum Trade $2,000
Online Since 2016
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 67
Binary Option Types High/Low, Long Term, Sixty Seconds, One Touch
Customer Support Types Phone, live chat, email, paper mail
Education Offered Video library, binary options eBook, 1-on-1 course, monthly webinars, glossary, FAQ
Tools Offered Daily market reviews, trading signals, event analysis, rollover
Commission Withdrawal minimum is €50, with a flat fee of 3.5% for credit cards. Wire transfer fee is €30. Skrill fee is 2.5%, Neteller fee is 3.5%. Monthly fee of €55 on dormant accounts.
Languages English, German, Spanish, Italian
Demo Account Yes, upon request

BinaryCM, also known as “Binary Capital Markets,” is a binary options broker based in Limassol, Cyprus. If you have been looking for a regulated broker which goes the extra mile to take care of its customers, BinaryCM looks to be a site well worthy of your consideration.

The company that owns and operates BinaryCM is called G.S.E. Golden Sky Europe Limited.  They are regulated by CySEC under license #293/16.  Additionally, they list a ton of other regulators here.  They are registered with every one of them.  This is really quite astonishing considering that many brokers are not regulated at all.

Unfortunately, they are not regulated by the CFTC and do not take customers from the USA (the site does not even load in the US).  If you try to access the site from the USA, you get redirected to https://us.binarycm.com/, which says, “US is under Construction.”  This may indicate that BinaryCM does intend to expand to offer services in America.

Opening Your BinaryCM Account

When you open your account on BinaryCM, you need to deposit a minimum of €250 or the equivalent in your currency (currencies accepted include US Dollar, British Pound, and Euro).  You can make your deposit using credit or debit card, wire transfer, Skrill, iDEAL, paysafecard, or SOFORT.

There are four account tiers:

  • Basic: €250+
  • Silver: €2,500+
  • Gold: €10,000+
  • Premier: €25,000+

At the Basic level, the benefits are actually pretty good.  You get 24/7 customer service, three lessons from the education library, a free eBook, access to a demo account (you have to contact customer service about this), and daily market reviews.

At the next level up (Silver), you can add on event trading, a direct line to your account executive, 4 more lessons from the educational library, a month of trading signals, two 1-on-1 educational sessions and unlimited free monthly webinars.  Gold customers get trading alerts and event analysis along with unlimited access to the education library.  At the Premier level, you can tack on more 1-on-1 courses along with higher trading limits and access to the premium trading room.

BinaryCM is quite generous with features, as you can see.  One thing you will not see on this site however are bonuses.  Bonuses are practically ubiquitous throughout the binary options industry: “Deposit $100, get $200 free!” offers and so on.  BinaryCM specifically states in their terms of service that they do not make these offers available.

I encourage you not to see this as a drawback.  In reality, if anything, it is a positive, not a negative.  A lot of customers get trapped by bonuses, because they do not understand their high turnover requirements and other limitations and restrictions.  That is not going to happen on BinaryCM, and that is a good thing.  The trading signals, demo account, and other features offered by this company are far more valuable.

One drawback is the area of fees.  The minimum withdrawal amount is €50.  There is a flat fee of 3.5% for all withdrawals made by credit card.  For Skrill, you pay a 2.5% fee, and for Neteller, that jumps up to 3.5%.  This is not terrible, but obviously fee-free withdrawals are more desirable.

There is also a €55 monthly fee on dormant accounts.  The company considers your account to be dormant after just three months, so if you do plan to take some time off from trading, you probably should withdraw your funds first (or contact customer service and see what they can do) so you do not get charged.

Trading on BinaryCM’s Proprietary Platform

BinaryCM has their own proprietary platform.  Visually speaking, it is quite impressive.  The colors have a high contrast, but they are easy on the eyes.  Finding your way around is effortless.  It is as easy to use as SpotOption or any of the other popular white label platforms.  You can trade on your desktop or laptop, or you can download an app to trade on your Android device.

There are 67 currencies, commodities, indices, and stocks to trade on BinaryCM.  Types of options include High/Low, Sixty Seconds, Long Term and One Touch.  This is not a huge selection, but it is pretty average.  The maximum payout on trades is 90%, which is quite competitive considering that many other brokers offer payouts closer to 75-85%.

The minimum trade size is $10, and the maximum trade size is $2,000 (to start with—remember, you can get a higher ceiling if you deposit more money).  This is a nice range, as many other brokers start out traders with $25 as the minimum investment size—which frankly is too much for those with smaller accounts.  As your account grows, the maximum trade size does too, so the $2,000 should not ultimately be too restrictive.

You already know that there are many tools available to help you with your education and your trading on BinaryCM.  What about customer service?  If you need to talk to someone, you can reach the company via live chat, telephone, email or paper mail.  For whatever reason, they do not have a web form on their site, but it only takes a couple extra minutes to send an email.  Remember, if you have a Silver account or higher, you also have a direct line to your account executive.

Conclusion: BinaryCM Is a Highly Regulated, High-Quality Broker

BinaryCM has its flaws, just like any other binary options broker.  They impose fees on all withdrawals, regardless of the method you use, and some customers will be unhappy that there are no bonuses.  Still, these flaws are quite minor in the grand scheme of things, and BinaryCM offers a lot of advantages to customers.  In an industry where trust is hard to come by, a broker which works with numerous regulatory bodies is a rarity.  BinaryCM offers that trust in conjunction with an abundance of educational resources and tools.  So if you have been searching for a reliable, feature-rich broker, think about trading with BinaryCM.

Visit BinaryCM →

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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 BinaryTrading.com. By browsing this website you express your acceptance of the terms of this disclaimer and that BinaryTrading.com cannot be deemed responsible for any losses that may occur as a result of your binary option trading. BinaryTrading.com is not licensed or registered as a financial consultant or adviser. BinaryTrading.com is neither a broker, nor funds manager. The website does not provide any paid services. All content of BinaryTrading.com is presented for educational or entertainment purposes only.

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