BinaryCent Review: What You Need to Know
BinaryCent is an online trading platform established in 2017 and operated by Cent Project Ltd, a subsidiary of Finance Group Corp, based in Vanuatu. While the platform markets itself as a reliable broker for binary options, CFD, and forex trading, several concerns have surfaced about its credibility.
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Broker Website – https://www.binarycent.com/
Domain Age –
- Name BINARYCENT.COM
- Registry Domain ID 2039478152_DOMAIN_COM-VRSN
- Registered On 2016-07-03T15:45:15Z
- Expires On 2026-07-03T15:45:15Z
- Updated On 2024-06-12T11:14:06Z
About BinaryCent
BinaryCent offers a range of trading options, including binary options, forex, and CFDs. Its appeal lies in features such as a low minimum trade amount of $0.10 and access to 24/7 customer support. Despite these perks, the platform lacks transparency and regulatory oversight, which are significant concerns for traders.
BinaryCent is not regulated by any major financial regulatory body, raising questions about the safety of funds and fairness in trading. The company’s lack of transparency regarding spreads, commissions, and trading conditions further exacerbates these doubts.
Red Flags
Here are some critical red flags to consider:
- Unregulated Status: BinaryCent operates without the oversight of recognized financial authorities, putting traders at risk of unfair practices.
- Opaque Fee Structure: The platform provides limited information about spreads, commissions, and withdrawal fees, making it hard for users to calculate their costs.
- Insufficient Platform Details: Traders have reported minimal details about the platform’s functionalities and trading tools.
- Deposit and Withdrawal Issues: There is a lack of clarity regarding minimum and maximum deposits, and users often face delays or challenges in withdrawing their funds.
- Limited Trading Hours Information: The platform does not provide clear details on trading hours, which can confuse users.
BinaryCent Review Conclusion
This BinaryCent review highlights significant concerns that overshadow the platform’s offerings. Traders should exercise caution and thoroughly research alternatives that provide better transparency, regulation, and reliability before investing their funds.
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