BetOnMarkets Rebranding to Binary.com
Online trading company BetOnMarkets announced that it rebranded under the new name Binary.com. The rebranding resulted in the launch of a new set of services and tools. The rebranding was necessary in order to reflect the new services the company offers.
The new Binary.com is much more than just a simple binary betting provider. It’s actually a full service online trading provider, offering traders the possibility to make real investments in binary options contracts with extremely long expiration times, even up to a year.
Read the below Binary.com review in order to find out all about the services of this broker.
Website and Trading Platform
The rebranding from BetOnMarkets to Binary.com also came with a completely new and elegant websites. On the new website, traders will easily find all the features and services offered by the broker. The same can also be said about the broker’s trading platform, which is highly user friendly.
The trading interface used by the company is extremely easy to understand. After accessing the interface traders will only have to select the desired market (underlying asset) and input some parameters. The trading interface even allows traders to decide for themselves the barriers involving their options contract.
For example, if at a given moment the stock price of Microsoft is at $100, traders may establish themselves a limit or boundary that price will have to touch (or not touch, depending on the choice made); i.e. traders may themselves decide on an upper limit of $108, for example. – Boundaries are not forex on traders by the broker.
After this, they will only have to input the desired expiration time – something that is extremely flexible – and the desired payout. This will generate a price quote that will represent the investment traders will have to make in order to purchase the option.
Flexible Expiration Times
The software used by Binary.com gives traders the possibility to select expiration times from as short as just 10 seconds to as long as even up to a year. This is why we meant above that Binary.com is a real financial trading service provider and not just a binary betting provider.
Longer expiration times give traders the possibility to conduct more profound research and as such greatly increase their winning chances. It’s widely known in the binary trading business that the longer expiration times are the greater traders’ winning chances will be (in case traders use this opportunity to do proper research, naturally).
Binary.com offers at this moment a large selection of assets in all major asset categories. In the category of forex currency pairs traders will have the possibility to trade on pairs such as USD/JPY, EUR/USD, EUR/AUD, EUR/GBP, GBP/USD and others. The great thing about the forex portfolio is the fact that multiple exotic pairs are also available such as NZD/USD, GBP/PLN and more.
Indices are also well represented with choices from all major countries around the globe. In regards to commodities traders may chose to trade on gold, silver and oil. And naturally traders will also be able to trade on multiple stocks such as Adidas, Allianz, BP, Tesco, Vodafone and more.
Types of Options
When it comes to the types of the options offered traders will be offered with some unique possibilities not available at other binary options brokers. Naturally, simple high/low options are also available that will only require traders to predict if the value of an asset will be higher or lower than a previously established barrier during a certain moment in time.
This is complemented by touch and no-touch options that will require traders to predict if the value of an asset will touch a previously established value during a given time frame. In and out (boundary) options are also available requiring traders to predict if the value of an asset will stay within a range during a given time frame.
And finally, the special and unique type of option we talked about is that of rise/fall options. These options do not have selectable barrier but instead an expiration rate only. Traders will have to predict that by the time of the expiry the value of the asset will either be higher or lower than the value during the moment traders purchased the option. This is basically the same as classic high/low options except that traders won’t be able to select the barrier.
In regards to payout rates the broker promises rates of even up to 100% in the case of simple higher/lower options. More complex options such as touch/no-touch options can offer payout rates even as high as 1,000% in certain cases. We don’t think there is another broker out there with a payout rate structure like this.
Deposits and Withdrawals
Binary.com also offers a vast selection of payment methods such as wire transfer, Western Union, Visa, MasterCard, Moneybookers, Neteller, Ukash, Instadebit and more. The great thing about this broker that in most cases the minimum deposit limit is just $10 compared to something like $200 at most other providers.
There are zero fees charged on either deposits or withdrawals. The broker promises withdrawal times between 1 to 5 business days.
Regulation and General Conclusions
The broker is at this moment licensed by the Gambling Supervision Commission in the Isle of Man as well as the Lotteries and Gaming Authority in Malta. These licenses offer protection for traders located both inside and outside of the European Union.
In our opinion BetOnMarkets over performed when it became Binary.com. The company completely overhauled its entire service portfolio and implemented a new trading system giving maximum flexibility to traders. With minimum deposit limits of just $10 and payout rates over 100%, Binary.com should be a top choice for traders.