Broker Name: | Binary |
Platform: | BetonMarkets |
Founded: | 2000 |
Bonus: | up to Varies |
Return/Refund: | 75-90%/0-5% |
Sign Up: OPEN ACCOUNT |
No. Of Assests: | 100+ | |
Regulated: | IOM, MFSA | |
Demo Account: | Yes | |
Minimum Deposit: | 10 | |
US Traders: | Not Accepted |
Binary.com (previously known as BetOnMarkets) is marketed in the UK by Binary (IOM) Ltd., located at First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles. Binary.com are licensed and regulated by the the Gambling Supervision Commission in the Isle of Man, British Isles (online gambling license issued on August 31, 2012). They are also regulated in the UK by the UK Gambling Commission, reference number 39172 and by the MFSA (Malta).
In the rest of the European Union the website is marketed (for investment products ) by Binary Investments (Europe) Ltd., located at Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta. They are licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority license no. IS/70156.
For gaming products the website is marketed by Binary (Europe) Ltd., with address Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta. They are licenced and regulated by (1) the Malta Gaming Authority in Malta, licence no MGA/CL2/118/2000, 26th May 2015 and for UK clients by (2) the UK Gambling Commission (licence 39495) and for Irish clients by (3) the Revenue Commissioners in Ireland, current remote bookmaker’s licence issued on 29 September 2015 (licence no 1010285).
Binary.com Bonus
Unfortunately Binary.com doesn’t offer a bonus similar to the one we are used to from other Binary brokers. The Live Chat assistant told me that I might get a bonus if I contact customer support on email; the bonus value will be later decided by the department that handles client bonuses and so will be the trading volume required in order for the client to make a withdrawal.
Update February 2017: There are now two types of bonuses: Deposit Bonus – it will be added to the client’s account once a turnover of 5 times*Bonus has been reached. Once the Bonus is added, it can be withdrawn but this type of bonus is only available to new clients, only once and it cannot be used in conjunction with another offer.
The second type is the Free Bonus, which requires a turnover of 25 times*Bonus before it can be withdrawn. The offer is available for new clients only. The bonus percentages/amounts are not specified for either type of bonus and will be probably discussed with an account manager. Additional terms and conditions apply to both types of bonuses.
Binary.com Withdrawal
They have numerous withdrawal methods and usually the minimum amount is the same as the minimum deposit which by the way, can be as low as $10. The fee for withdrawal depends a lot on the method you choose and since they have many ways of withdrawing, we recommend you to have a talk with one of their representatives. Some of their withdrawal methods include Skrill, WebMoney, UKash, Liberty Reserve, or Credit/Debit card. Binary.com processes a withdrawal usually within 1 day but can go as high as 5 days (the time needed for the money to appear in your account can be longer).
Update February 2017: They’ve added even more e-wallets for deposits and withdrawals, with very low minimums: $5. Deposits through e-wallets are instant and withdrawals have a processing time of 1 working day.