People who invest in binary options are usually aware of the risks that are associated with this form of trading, but if you decide to trade with a company that does not have enough experience and knowledge – things can be even more unpredictable and dangerous. Of course, not all broker houses are the same, nor they all offer the same services, and our BCM reviews will provide you with everything you need to know about this particular trading company. Knowledge is power, and the more you know about a broker, the easier it will be for you to decide if you would like to invest your hard-earned funds with the company in question. So read full BCM review now and find out the truth!
Min. Deposit: $250 Demo: N/A
Platform: Custom Bonus: N/A
Regulation: N/A US Clients: N/A
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
BCM broker – an overview of the company
October 16th, 2016 was the day when Binary Capitals Market, or BCM, officially opened its “doors” to international investors. However, this also means that BCM is not a broker house with a long-lasting history and tradition in the business, and this can present a serious issue in the world of binary trading. Therefore, we encourage our readers to be cautious when it comes to a potential BCM scam. The broker is currently under the ownership of G.S.E. Golden Sky Europe Limited, and the headquarters of the enterprise are located in Cyprus, which is a regular occurrence when it comes to binary options.
BCM – licenses and regulation
Even though BCM binary broker is such a young and inexperienced company, they have managed to obtain a permit from Cyprus Securities and Exchange Commission (CySEC). Their license number is 296/16. The fact that they have a license from such a reputable governing agency is a major factor in the overall operations of this company, and BCM seems to be in compliance with all the necessary safety protocols and regulations. However, the broker has been offering its services for only a couple of months, and it is perhaps a good idea to wait and see if their credibility will stand the test of time.
BCM opinions about the trading process
BCM offers a standard and a rather straightforward trading process, and clients can choose between several types of account. Demo account is designed for traders who are new to binary options, and this tool allows them to familiarize themselves with the features of the BCM trading terminal. Other accounts include Silver, Gold, Platinum, and VIP option, which is also similar to most other broker houses. However, BCM added tempting bonus features into the mix, but this can be a potential red flag for traders who are suspicious about running into a scam or any fraudulent activity.
BCM – the software platform
Binary Capitals Market uses a classic SpotOption software solution, and this platform is also used by a lot of other binary brokers. It incorporates around 70 different assets, which come from the four general categories of assets – stocks, commodities, currencies, and indices. Clients can place their investments through several trading methods, and these include One Touch, High/Low, and similar options. Of course, all modern trading companies are offering mobile apps as well, and BCM is not an exception. Their apps can be used on both Android and iOS devices.
BCM opinion – banking methods
Investing in binary options is unpredictable and risky due to the actual nature of this trading method, and it does not need to be any more challenging by having dishonest and fraudulent companies on the market. That is why clients need to be careful when they are looking for their individual broker, and thorough research is the only way to go when it comes to this situation. Binary Capitals Markets is a company that offers various banking methods, and their customers can deposit and withdraw the money through several credit and debit cards, wire transfers, and e-wallet services. US dollars, euros, and Russian rubles are the only currencies that are supported, and this may be a minor drawback in certain situations. Similarly, the process of verification can sometimes last a long time, and that is why withdrawal of your funds can take up to 5 business days. The minimum amount you can withdraw is $100.
Binary Capitals Market – conclusion
Trading with BCM could, in fact, be a very profitable activity, but due to the inexperienced nature of this broker – we recommend that you look for a different provider of binary trading services. Simply, we all want to trade with a trustworthy company, and it remains to be seen if BCM is on such binary broker.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK