BinaryCent Review 2021

The BinaryCent review shows the details of login, trading conditions, deposit and withdrawal, bonus, app and much more. The broker is a scam and there are many signs pointing to this. This trading platform is actively advertised by various sites, but now you will realize that it is completely insecure and unreliable.

It will also mention brokers Binarymate, Finrally, Raceopton, Videforex and IQcent (not to be confused with IQ Option!), which are also related to Binary Cent.

Let’s start with the fact that the broker’s trading conditions do not look very bad, especially the minimum trade of only $ 0.1 attracts. The first suspicion arises when you see that the minimum deposit is $ 250 and the demo account is available only after the deposit.

But many “serious” broker reviews claim that it is reliable and practically the best. Maybe he is still reliable?

Of course, it is too early to make a statement about BinaryCent scam, but this is only the very beginning of the review …

Deposit bonus and demo account

Immediately upon entering the site, a window pops up with a choice of a gift. There are deposit bonuses in gifts, I got a 60% bonus. After registration and authorization, you will receive an email with a 100% bonus coupon. When you go to the account deposit page, you can already get a 200% bonus if you make a deposit of $ 3000 or more.

You are simply forced to receive bonuses, and of course you should first find the rules for their use. It is also worth noting how little information about the broker is on the site and how many links there are for you to fund your account. But BinaryCent did not hide the rules for using bonuses.

When you read the rules, it becomes clear why you so want to make a “gift”. There are a lot of rules, only some points are shown below. All of them are aimed at reducing your deposit.

As a result, one more point to the fact that BinaryCent is a scam and you are unlikely to see your money.

You get a demo account after making a deposit. But donating $ 250 to scammers to get a demo account isn’t worth it.

Is BinaryCent regulated broker?

Some people in their review still claim that BinaryCent broker is regulated by the VFSC (Vanuatu Financial Services Commission). Currently, information about the broker’s regulation cannot be found on their official website, or on any official source. Technical support was also unable to answer this question.

It is worth noting that even the broker’s home page was slightly different. It hasn’t changed much now, but there is one important thing that catches your eye.

Before

Now

The word “Regulated” has replaced the word “Trade”.

But the lack of regulation is not yet an indicator of scam. Therefore, we scroll further on the broker’s main page.

Binary Cent is definitely a scam platform

Below we see the “achievements” of the broker. “Approved by the forex regulator”, “# 1 by payouts speed” and “the best broker of 2015 – fair binary options”.

But wait … Where is the confirmation and what does the best broker of 2015 mean? But the broker BinaryCent started working in 2017.

The support thought for a long time, but in the end said that this was probably a mistake. Of course, we believe you.

Then you are offered many ways to deposit and withdraw funds without a commission (however, they charge a 5% commission for deposits and withdrawals from the card). In the first place are cryptocurrencies, the transfer of which is not regulated by anyone.

You most likely will not return any deposit, since the agreement does not contain any legal information and payment data of the BinaryCent broker. In addition to all this, in the reviews, traders say that the broker does not withdraw money, and in this case they can be trusted.

At the very bottom of the site, you will find a company that provides you with services.

2020 Wave Makers LTD – Nr. 103581. Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

This company does not exist. However, something interesting was found for the query “2020 Wave Makers LTD – Nr. 103581”.

In our review of BinaryCent, we also identified other fraudulent brokers of this company, these are Binarymate, Finrally, Raceoption, Videforex and IQcent (do not confuse it with IQ Option!). On these sites, almost everything is identical, only some have more colorful and bright designs.

Check out the comparison between BinaryCent vs RaceOption vs Finrally vs BinaryMate vs Iqcent. IQcent started working in April 2020. Unfortunately, the broker is rapidly gaining popularity compared to all of its other “equal brothers”.

It is worth noting that CFTC (Commodity Futures Trading Commission) included Finance Group Corp and Cent Projects Ltd, as well as Binarycent and BinaryMate brokers, on the RED list.

The FMA regulator also published a scam warning for FGC and CPL.

Conclusion

In this review of BinaryCent we didn’t need to evaluate the trading platform and all its advantages. BinaryCent broker is a scam and you shouldn’t trade with it. In addition, several other brokers are involved in this fraud. They have the same website template, trading platform, and support video chat.

Binary Cent is not a legit and good broker. Hope you are not a victim of these scams.

Therefore, it’s better to choose a more reliable broker. For example, you can try IQ Option for CFD and binary options trading. Exclusively for CFD trading, Plus500, eToro and FxPro are excellent choices. You can find all reliable trading brokers here.

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