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Binarycent

Severe riskForex / CFD broker
Marshall Islands · 5-10 years · since 2019-03-25 · Wave Makers LTD
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
22 reviews ›
0
Licenses ›
7
Withdrawal issues ›
$250
Min. deposit ›
—
Max leverage ›
3
Account types ›
85/100
Scam risk ›
0
Clone sites ›
Accounts: Bronze · 250-1000 USDSilver · 10000-3000 USDGold · 3000-25000 USD
▲ 91% positive▼ 9% negative
Independent ratingshow third parties score this broker
WikiFX1.59/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Binarycent? Our free assistant writes up your case and shows exactly what to do next →
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No sign that Binarycent actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Marshall Islands (offshore, light oversight)
  • Withdrawal complaints in ~32% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9635%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints6612%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameWave Makers LTD
Headquarters Marshall Islands
Founded2019-03-25
Years operating5-10 years
Employees0
Official websitebinarycent.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Bronze--250-1000 USD----✓
Silver--10000-3000 USD----✓
Gold--3000-25000 USD----✓

Review analysis AI

Binarycent operates without any regulatory license, exposing clients to significant financial risk. The broker's high leverage (1:500) and bonus promotions compound the danger. The lack of verifiable operational history and vague website information are major red flags for any potential trader.

Best for
  • Traders comfortable with unregulated brokers
  • High-leverage cryptocurrency traders
  • Those seeking bonus promotions on deposits
Not for
  • Regulation-focused investors
  • Traders requiring transparent fee and platform details
  • Risk-averse individuals
Period:
What users complain about
What users praise
Where reviewers are from
United States15
Bangladesh1
Brazil1
Germany1
Canada1
Poland1

Real user reviews

Where Binarycent operates

Active across 4 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇲🇦 Morocco
🇻🇳 Vietnam
🇫🇷 France
🇨🇦 Canada
🇧🇩 Bangladesh 1 complaint
🇧🇷 Brazil 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Binarycent says about itself as stated by the broker · not independently verified by FXCanary

Overview

Binarycent states it was founded in 2016 and is registered in the Marshall Islands. The broker claims to specialize in cryptocurrency trading and offers leverage up to 1:500. According to its website, the minimum deposit is $250. The site does not disclose spreads, specific trading platforms, or detailed account conditions.

Account Types

Binarycent presents three account tiers: Bronze, Silver, and Gold. The Bronze account requires a minimum deposit between $250 and $1,000. The Silver account requires $10,000 to $3,000 (likely a typo; probably $3,000 to $10,000), and the Gold account requires $3,000 to $25,000. Maximum leverage is not specified per account.

Promotions

The broker advertises a promotion of 60% bonus on the first deposit and 20% on all subsequent deposits. This is prominently featured on the client login page alongside partner offers like DaxRobot.

Trading Instruments

Binarycent claims to offer cryptocurrency trading but does not list other instruments such as forex pairs, commodities, or indices on its website.

About Binarycent

Company Overview

Binarycent is an online broker registered in the Marshall Islands, established in 2019 (according to official records, though the company claims a 2016 founding). The firm operates from a registered address at Trust Company Complex, Ajeltake Road, Majuro. It specializes in cryptocurrency trading and offers leveraged trading with a maximum leverage of 1:500.

Regulation and Safety

Binarycent is an unregulated broker with no recognized financial authority overseeing its operations. The FXCanary Scam Risk Score rates it at 75/100, indicating severe risk. Traders should be aware that the absence of regulation means no external oversight or investor protection schemes.

Account Types

The broker offers three account tiers: Bronze, Silver, and Gold. Minimum deposits range from $250 to $25,000. The Silver account has a stated minimum of $10,000-$3,000, which appears inconsistent; likely the correct range is $3,000 to $10,000. Trading platforms and spreads are not specified on the website.

Trading Platforms and Instruments

Binarycent does not publicly disclose its trading platform. The broker focuses on cryptocurrency trading, and no information is available about forex, commodities, or indices. The limited disclosure suggests a bare-bones offering.

Target Audience

Binarycent appears to target traders seeking high leverage and cryptocurrency exposure, particularly those willing to accept the risks of an unregulated provider. The bonus promotions may appeal to deposit-driven traders. However, the lack of transparency makes it unsuitable for risk-averse or regulated-market participants.

Overview compiled by FXCanary from regulatory records and public data. full Binarycent review