Binary Capital Markets Review
Earn while you learn: Binary options trading can be fun
It stands to reason that when binary options traders look for an online broker, one of the things they look for is years of experience. While the logic of this is undeniable, it is not foolproof. Occasionally there are brokers that are relative newcomers to the field, yet conduct themselves like seasoned veterans. Binary Capital Markets (better known as BinaryCM) is such a broker. Established last year and based in Cyprus, the site is closely regulated by several international bodies, and has built an extensive and excellent video library of training videos, so that traders can "learn while they earn."
- Broker name:
- Binary CM (Capital Markets)
- Year established:
- Authority (Jurisdiction):
- Regulated/Licensed by:
- CySEC - Licence # 293/16
- Registration number
- Lophitis International Center Corner of Soteri Michaelidi and 28th October St, 3035 Limassol, Cyprus
- Support phone number:
- Support fax number:
- Email address:
- Prominent partners:
What is BinaryCM?
BinaryCM is a relatively young, Cypriot-based online options broker that is closely regulated not only by CySEC, but also by the EU, by Italian regulator CONSOB, the German BaFIN, and the British FCA. The platform provides an impressive array of trade types, including standard High/Low, 60-second, Long-term, One Touch, Ladder and Pairs. Experienced users can also trade Forex/CFDs. The training videos provided on the site are outstanding, and users can benefit from the trading signals provided by BinaryCM. The platform also has the SpotFollow feature, in which traders can replicate the trades of the site’s most successful traders.
Our favorite aspects of BinaryCM
- One of the best educational video libraries that we have seen
- A wide variety of trade types and SpotFollow - an excellent social trading feature
- Trading signals for clients
- 24/7 customer support and phone numbers provide in 14 different countries
Account types, bonuses and special promotions
- Return on Investment (Payout rate - %):
- Up to 90%
- Welcome bonus:
- Cysec No Bonus
- Minimum deposit:
- Maximum investment per trade:
- Determined by BinaryCM
- Minimum investment per trade:
- Determined by BinaryCM
- Loss protection:
- Account types:
- Demo, Silver, Gold, Platinum, VIP
- Accepted currencies:
- USD, GBP, EUR
- Expiry times:
- From as low as 60 seconds through months in advance
Registration - Opening an account
By clicking on the "Open Account" you will see a pop-up screen on which you register for an account. The platform will send you a verification email as well as further easy-to-follow instructions for completing the process. Once the process is complete, you login to your new BinaryCM account, deposit funds, and you are ready to begin trading. The level of your account - and the accompanying benefits - depends on how much money you invest and maintain in your account.
Banking - Deposits and withdrawals
Deposits: Traders can deposit funds to their BinaryCM accounts via credit/debit cards e-wallets and wire transfer. The minimum deposit is $250, while the maximum is $10,000.
Withdrawals: Funds may only be withdrawn via the same method used for deposits. Generally. credit/debit card withdrawals take 2-3 business days to process, while e-wallet and wire transfers take up to 7 business days. Minimum withdrawal is $100, and can only be processed after the account has been fully verified.
BinaryCM uses the trading platform developed by SpotOption, which is a very user-friendly and intuitive. The platform is also accessible via tablet and smartphone, so users are able to trade whenever they want and from wherever they are.
The BinaryCM platform offers nearly 75 assets for trading, primarily stocks (31), but also a fair number of currencies, indices and commodities.
How to trade
Trading on the BinaryCM platform is a very straightforward process.
- Using the drop-down menus, choose an available asset and expiry time
- Choose your option - High, if you believe the asset price will be higher at the expiry time than when you place the trade, or Low if you believe it will be lower.
- Enter the amount of money you wish to invest on the option, and confirm the transaction
|High/Low||The standard binary options trade type. Traders determine if an asset price will rise or fall before the trade expires. Standard expiry times are 10-30 minutes from when the trade is executed|
|60-Second||Similar to High/Low, but with much shorter expiry times (60 seconds, 2 minutes, 5 minutes)|
|One Touch||Traders determine if an asset price will touch - even one time - a provided upper or lower limit before the trade’s expiry time.|
|Ladder||Traders are provided with 5 potential strike rates for an asset, and determine which of them the asset price will close above or below. Traders can place several transactions within one ladder|
|Long-term||Similar to High/Low, but with much longer expiry times (days, weeks months)|
|Pairs||Rather than determining if an asset price will rise or fall, traders are presented with two similar assets (Gold vs. Silver, Amazon vs. eBay, etc.),and they determine which one will perform better than the other before the expiry time.|
Is BinaryCM a scam?
We believe that BinaryCM is definitely not a scam. The site’s security measures, along with its compliance policies indicate that this is a completely reliable and trustworthy broker. BinaryCM is regulated by both the EU and CySEC, and registered with CONSOB (Italy), BaFIN (Germany), and the FCA (United Kingdom).
Where is BinaryCM available?
The site is only accessible to traders throughout Europe and Scandinavia.
The BinaryCM website currently supports English and German.
Customer support and security
BinaryCM employs the latest encryption and protection programs to safeguard the confidentiality of every trader’s documents, and it keeps all deposited funds in a segregated European bank account, using the most advanced security systems and policies.
The customer support staff is available 24/7, with toll free phone numbers in the following countries:
- Czech Republic
- United Kingdom
Pros and Cons of BinaryCM
- Excellent educational video library
- 24/7 customer support
- SpotFollow copy trading feature
- Several trade types with excellent ROI
- Not as many tradeable assets available as many brokers offer
- Only two languages (English and German) are supported by the website
- Only available in Europe and Scandinavia
While BinaryCM is relatively young broker, it shows all of the professionalism and reliability of a binary options veteran broker. Traders are able to learn the art of trading while they earn excellent profits doing so. The social trading feature and trading signals provided are excellent "extras" and the site is closely regulated by several overseeing bodies, so traders can feel comfortable and confident with every transaction.