About Binary.com
Company Overview
Binary.com is a financial trading broker registered in the United Kingdom, founded on 14 May 2018. The broker operates under the domain binary.com and maintains a corporate presence that includes a head office location in Malta, as stated in corporate records. It is part of a broader group that has undergone rebranding from BetonMarkets.com in 2013.
The broker holds multiple regulatory licences, including authorisation from the Financial Services Agency (FSA) of Japan as a Market Making (MM) licensee, the Vanuatu Financial Services Commission (VFSC) under a Forex Trading Licence (EP), and the Financial Services Commission (FSC) of the British Virgin Islands also as a Market Making (MM) licensee. This multi-jurisdictional regulatory framework suggests an intention to serve a global client base, though each licence carries different levels of oversight and investor protection.
Regulatory Standing
Binary.com's regulatory portfolio includes three distinct licences: one from Japan's FSA, one from Vanuatu's VFSC, and one from the BVI's FSC. The FSA licence is notable as Japan has a strict regulatory environment, but it is unclear whether this licence permits the broker to solicit clients outside Japan. The VFSC licence is commonly held by offshore forex brokers and offers limited investor protection, while the FSC (BVI) licence provides a moderate level of oversight but is not equivalent to top-tier regulation such as the UK's FCA.
Our cross-check of the licences against public registers indicates that all are currently valid, though we note the absence of an FCA licence in the UK, the country of registration. This discrepancy may be significant for UK-based traders, who would lack access to the Financial Ombudsman Service or the Financial Services Compensation Scheme.
Trading Instruments and Platforms
According to aggregated industry data, Binary.com offers trading in forex, commodities, stock indices, and synthetic indices. The broker provides its proprietary WebTrader platform, accessible via a web browser, which features customisable workspaces, multiple dashboards, charting tools, and copy trading functionality. A separate mobile app is also available for on-the-go trading.
The platform supports a range of asset classes including major and minor currency pairs, precious metals, energy commodities, and indices. Synthetic indices, which are simulated markets designed to mimic real-market behaviour, are also offered as part of the product suite.
Account Types and Features
While specific account types are not detailed in publicly available records, the broker's platform supports multiple user workspaces and the ability to trade a variety of financial instruments. The WebTrader platform allows users to add historical data and asset index tools to inform their trading strategies. Copy trading is available, enabling less experienced traders to replicate the positions of successful traders.
Funding methods and leverage options are not disclosed in the information we have assembled. Traders should consult the broker's official website for current details on minimum deposits, spreads, and margin requirements.
Client Suitability
Binary.com appears to target both retail and experienced traders, given its offering of copy trading and customisable workspaces. The multi-asset product range may appeal to traders seeking diversification, while the synthetic indices provide a unique offering not commonly found with traditional forex brokers.
However, the guarded risk score of 43/100 assigned by FXCanary indicates that traders should exercise caution. The broker's reliance on offshore regulators and the lack of independent user reviews mean that due diligence is essential before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full Binary.com review