Binary.com, rebranded to Deriv.com in 2020, is a well-established online trading platform that allows you to trade a variety of financial instruments, including binary options, forex, commodities, and indices.
Here's a bit more about the platform:
1. **Date of Creation**: Binary.com was initially founded in 1999 as BetOnMarkets.com before rebranding to Binary.com in 2013. It transitioned to Deriv.com in 2020.
2. **Trading Tools**: The platform offers multiple trading platforms including Deriv MetaTrader 5 (DMT5), Deriv X, and SmartTrader. They have a range of charting tools and indicators to analyze the market and make informed trading decisions.
3. **Minimum Deposit**: The minimum deposit requirement is usually around $5, but it may vary depending on the type of account and payment method.
4. **Trading Robots**: Binary.com allows automated trading via its platform Binary Bot, a fully programmable, auto-trading software tool.
5. **Copy Trading**: As of my knowledge cutoff in September 2021, Binary.com does not offer copy trading.
6. **Methods of Replenishing/Withdrawing Balance**: They offer various payment methods including bank wire, credit/debit cards, and various e-wallets like Neteller and Skrill. Cryptocurrency deposits and withdrawals are also supported.
7. **Trading Leverage**: This varies depending on the asset being traded. For example, forex trading can have leverage up to 1:1000.
8. **Tradable Currencies**: Binary.com allows trading in all major and several minor currencies.
9. **CFD Market**: Yes, Binary.com offers Contracts for Difference (CFDs) trading.
10. **Cryptocurrencies**: Cryptocurrency trading is also available on the platform.
Please note that details can change and may have changed after my last training cut-off in September 2021. Always refer to the official website for the most recent and accurate information. Trading binary options and other financial instruments involve risk and are not suitable for everyone. Always trade responsibly.
- Educational Resources**: Binary.com provides a variety of educational resources to help traders understand the market and develop effective trading strategies. These resources include webinars, video tutorials, e-books, and a detailed FAQ section.
- Demo Account**: Binary.com provides a free demo account that traders can use to practice their strategies and get familiar with the platform before investing real money.
- Customer Support**: Binary.com offers 24/7 customer support via email and live chat. They also have a comprehensive support center on their website with answers to common questions.
- Security**: Binary.com has implemented a range of security measures to protect user data and funds. This includes data encryption, two-factor authentication, and the segregation of client funds from company funds.
- Regulation**: Binary.com is licensed and regulated in many jurisdictions. Its parent company, Deriv Services Ltd., is licensed by the Malta Financial Services Authority (MFSA).
Remember, while Binary.com offers a wide range of services and tools, trading financial instruments always comes with risks, and it's important to thoroughly understand these risks before beginning to trade. It's also recommended to stay up to date with the platform's current terms, conditions, and offerings by visiting their official website.
- Types of Accounts**: Binary.com offers different types of trading accounts designed to cater to the diverse needs of traders. The types of accounts include:
1. **Standard Account**: This account is suitable for both new and experienced traders. It offers access to all the assets and trading platforms available on Binary.com.
2. **MT5 (MetaTrader 5) Account**: For experienced traders who want more detailed analysis and advanced trading tools, they can opt for an MT5 account.
- Market and Assets**: Binary.com provides access to a wide range of markets and asset classes:
1. **Forex**: Traders can trade binary options on a wide range of currency pairs.
2. **Indices**: Binary.com offers options on worldwide indices such as DAX, FTSE, Nikkei, and more.
3. **Commodities**: Traders can also trade options on commodities like gold, silver, and oil.
4. **Cryptocurrencies**: Traders have the opportunity to trade binary options on cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
- Mobile App**: Binary.com offers a mobile app available on both iOS and Android platforms. The mobile app provides all the functionalities of the web-based platform, allowing traders to trade on the go.
- Transaction Limits**: Binary.com has minimum and maximum transaction limits. These limits depend on the type of account and payment method used.
Please note that trading binary options can be risky, and it's important to only trade with money you can afford to lose. You should also ensure you understand the contract specifications before trading on Binary.com or any other platform. Lastly, remember that details may have changed after my last training cut-off in September 2021, so always refer to the official website for the most recent and accurate information.