Binary.com Broker Review 2019: Is it a Scam?
Owned by Regents Market Group, Binary.com was first set up in 1999 and licensed in the Isle of Man and Malta. As one of the more established binary options brokers Binary.com wasn’t always known by this name. In fact until 2013 it was known as BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.
With offices in Malta, Malaysia and Japan the company now has over 1 million registered accounts worldwide and handles approximately 15 transactions per second. To cater for their worldwide clients the site is published in 12 languages. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.
Account Types
Unlike many brokers there isn’t a menu of accounts to choose from. In fact there are just Virtual and Real accounts.
Virtual Account
When you visit the desktop or mobile site you are encouraged to open an account but it’s a Virtual Account not a Real Account. Follow the steps to open an account and you are asked to enter a verification code sent by e-mail to complete the process. Once you have done this you have your very own live Binary.com demo account with $10,000 to practise with. A Virtual Account or “demo account” as they are also known allow the novice trader to practise and get used to trading binary options before risking their own real money .
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