Forex Binary.com Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Binary.com Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@binary.com

Contact Number 08000119847

Website www.binary.com

Balanced Review

Pros & Cons

Pros

Regulated by Malta Financial Services Authority, UK Gambling Commission, and Gambling Supervision Commission
Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
User-friendly trading platforms: Smart Trader, MetaTrader 5, and mobile app
24/7 multilingual customer support available
Low minimum deposit requirement of $10

Cons

No live chat support available
Some reports of delayed withdrawals
Occasional platform stability issues
Lack of educational resources for advanced trading
Limited trading instruments outside of binary options and CFDs

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Binary.com	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Binary.com Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Virtual Account	Novice Traders	Practice with $10,000 virtual funds	Ideal for testing strategies without risk
Standard Account	Beginners	Low minimum deposit	Accessible for traders starting out
MT5 Account	Experienced Traders	Advanced features like limit orders and automated trading	Minimum deposit required
Financial Account	Active Traders	High leverage and variable spreads	Suitable for those trading multiple asset classes
Synthetic Account	Traders of Synthetic Indices	24/7 trading with audited fairness	Focus on CFDs for synthetic indices

Account Opening Process

To open an account with Binary.com, follow these steps: submit your personal, employment, and financial information. You will need to verify your identity by providing an ID and proof of address. The process is designed to be straightforward, and you can upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Variable	$0	Tight spreads available
CFDs (Indices)	Variable	Applicable fees may vary	Depends on underlying asset
Cryptocurrencies	Variable	Commission applicable	Fees depend on market conditions

Other Fees

Binary.com may charge fees for deposits and withdrawals, as well as inactivity fees for accounts that remain dormant. Platform usage fees could apply, as well as overnight interest (swap rates) on certain positions. Currency conversion fees may also be applicable when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Binary.com User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Anna Johnson

London, UK

★ ★ ★ ★ ★

I’ve been trading on Binary.com for a few months now and have found their platform user-friendly and efficient. The speed of order execution is impressive, and I appreciate the range of trading instruments available. Although I faced some minor issues with the withdrawal process, overall, I am satisfied with my experience.

Michael Smith

New York, USA

★ ★ ★ ★ ★

Binary.com has been a great platform for me. The customer support is responsive, and I love the variety of trading options. The mobile app is convenient for trading on the go, and my withdrawals have been processed quickly without any issues. Highly recommend it for both beginners and experienced traders.

James Brown

Sydney, Australia

★ ★ ★ ★ ★

I had a frustrating experience with Binary.com. The withdrawal process took longer than expected, and I faced some issues with customer support being unresponsive. While the platform itself is decent, these problems have left me disappointed.

Linda Green

Toronto, Canada

★ ★ ★ ★ ★

My experience with Binary.com has been very disappointing. Withdrawal requests seem to take ages to process, and when I reached out for support, I didn’t get the help I needed. I would not recommend this broker based on my experience.

United Kingdom Market