Overall Rating: ★★★☆☆ (3.7/5.0)

Binary.com is one of the longest-standing binary options platforms, operating since 1999. Now rebranded under the Deriv.com ecosystem, Binary.com offers fixed-time trading contracts across forex, indices, commodities, and synthetic indices. With a strong reputation for innovation and a low entry barrier, it remains a popular choice for traders seeking fast-paced, short-term opportunities. This Binary.com review breaks down its platform features, regulatory credentials, pricing, and risk profile.

Key Features

Binary.com combines simplicity with customisability, particularly for options and contract-based traders.

• Platforms: Offers multiple interfaces including SmartTrader, Binary Bot, and Deriv DTrader, with further access via Deriv MT5 and Deriv X.
• Instruments: Trade binary options, CFDs, and synthetic indices. The platform offers forex, crypto, stock indices, and commodities.
• Custom Contracts: Traders can create contracts based on duration, direction, and payout structure, offering full control over trade logic.
• Automated Trading: The Binary Bot platform allows for building automated strategies without coding knowledge.
• Deriv Ecosystem: Binary.com accounts are now integrated with Deriv.com, offering expanded capabilities.

Regulation and Security

Binary.com is operated by several legal entities and is regulated in multiple jurisdictions, depending on the trader’s location.

• Regulators:
  • MFSA (Malta)
  • VFSC (Vanuatu)
  • Labuan FSA (Malaysia)
  • BVI FSC (British Virgin Islands)
• Client Fund Segregation: Funds are held in separate bank accounts from company funds.
• Data Security: Implements SSL encryption and secure login procedures.
• Negative Balance Protection: Not always guaranteed across all products and platforms.

Pricing and Costs

Binary.com operates a fixed-return model, with transparent payout structures and no spreads or commissions on options contracts.

• Profit Potential: Payouts vary depending on the contract and market conditions — up to 90% on successful trades.
• Minimum Deposit: Starts at just $5, making it highly accessible.
• Withdrawal Fees: No internal fees, but bank transfer charges may apply.
• Inactivity Fees: Applies after 12 months of non-use (currently up to $25).
• CFD Trading Fees: Deriv MT5 includes tight spreads and low commissions for forex and commodities.

Educational Resources and Customer Support

Binary.com provides extensive help resources, though some tools are split between its classic and Deriv platforms.

• Education: Includes trading tutorials, platform guides, strategy articles, and webinars.
• Support: Available 24/7 via live chat and email, though response times may vary.
• Multilingual Help: Supports 15+ languages, catering to a global audience.

Risk Management Tools

Binary.com and Deriv platforms include several tools to manage risk, particularly in fixed-time trading.

• Contract Builder: Enables traders to predefine exact loss limits and payout levels.
• Stop-loss and Take-profit: Available on Deriv MT5 and CFD accounts.
• Account Limits: Users can set daily loss and trade limits to manage risk exposure.
• Synthetic Indices: Always available, but carry higher volatility and artificial pricing — suitable for experienced users only.

Pros and Cons

Pros

• Long-standing reputation and wide global user base
• Highly customisable binary options contracts
• Access to Deriv.com ecosystem for CFD and MT5 trading
• Low minimum deposit and flexible trading amounts
• Automated trading via Binary Bot

Cons

• Binary options are high-risk and not permitted in some jurisdictions
• Deriv and Binary.com split may be confusing for new users
• Inactivity and withdrawal fees in some cases
• Limited asset coverage compared to full-service brokers

Conclusion: Is Binary.com the Right Choice?

Binary.com is a veteran in binary options trading, now modernised through the Deriv platform. It caters to traders looking for customisable, short-duration trades with fixed returns, and also provides avenues for CFD trading through Deriv MT5. However, the platform is better suited to speculative, experienced traders, given the risks associated with binary trading.

If you’re looking for a trusted binary trading platform with automation features and low-cost entry, Binary.com (now part of Deriv) is a compelling choice. Just be mindful of the risk-to-reward ratio and limited regulation in some regions.