Managed Accounts Review Binary Basis

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Has anyone found a good forex or binary options account manager?

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You would be quite literally insane to use any binary options managed account.

I categorically promise you will lose all your money, zero exceptions.

Don’t be stupid is a reasonable investing mission statement.

Investing with unqualified and untrained idiots with little, no, or completely made up track records in an industry rife with scammers in unregulated jurisdictions running on tinker toy software platforms with the odds completely stacked against you… that would be stupid alright. Real stupid.

BinaryCent

Overview

◆ How to Get Started with The Broker BinaryCent? ◆
Read This 100% Exclusive & Full BinaryCent Review
Is BinaryCent a Scam Forex Trading Platform?
Account Types, Bonuses + Withdrawal ◆ See Below!

Details

Broker BinaryCent
Official Website URL www.BinaryCent.com
Support Number +1-829-9476378
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $0.10
Bonus Up to 100%
Payout 90%
Demo Account Open FREE Demo NOW
Account Types Bronze, Silver, Gold
Deposit & Withdrawal Methods VISA, Master Card, American Express JCB, UnionPay Neteller, Skril, Perfect Money, WebMoney, BitCoin, AliPay
Number of Assets 100+
Account Currency USD
Overall Score 8.4/10

Full Review

BinaryCent is a Forex broker which was recently launched on the Internet. Established by a group of experienced and sophisticated investors who have many years of experience behind them. One of the fascinating things about is that the minimum deposit can be as small as $250 – it is up to the user how much he is willing to place.

It has several distinct account types and they are called Bronze, Silver, and Gold. The second one is the most popular one and provides 3 risk-free trades. All of them provide excellent special features which will be examined in great detail in the following Forex review.

Binary Cent broker may still be regarded as fresh and hip on the online market, but user satisfaction rates have been gradually increasing and available testimonials go on to prove that people have been reacting in a positive way towards the auto-pilot software’s performance.

Our investigation into the Forex broker platform goes on to prove that it is legit, genuine and trustworthy, even though it is still pending its CySEC certificate which should be granted pretty soon. One can proceed to get started with it in a safe and secure manner.

Table of Contents

How to Operate with BinaryCent?

Users will like the fact that this Forex broker operates with over 100 assets from the four main categories. BinaryCent features 3 main account types that we have already mentioned above. The Bronze Account Type’s main characteristics are Live Chat, 1-Hour Withdrawals, 20% Bonus and the possibility to trade with a demo account.

Silver Account includes the benefits of having 3 Risk-Free Trades, 50% Bonus, 1-Hour Expedited Withdrawals, a Master Class Web Session, Live Chat, and Demo Account. Gold Account features a 100% Bonus, 1-Hour Withdrawals, Live Chat, Demo Account, a Master Class Web Session, Live Chat, Swiss Prepaid Card, and a Personal Account Manager.

Most legit Forex brokers provide users with the opportunity to invest in a wide variety of assets and to train their trading skills using a demo account or reading/viewing materials uploaded at the Education Center. BinaryCent offers all of the said services and its featured learning materials are presented in an interactive form – as vlogs.

No Necessary Download

BinaryCent broker platform does not require users to carry out any unnecessary downloading of software. Users can operate entirely in their browser-of-choice and there is also an app which ones who prefer to invest on the go can successfully utilize.

How to Get Started with Binary Cent?

Signing up for Binary Cent broker is extremely easy, one has to enter a couple of basic details into the registration form and then place an initial deposit whose minimum level can be as small as $250. Trading positions can also be opened with as little as ¢10.

BinaryCent platform may still be pending its CySEC certificate, but the issuing is expected to happen pretty soon. User feedback and satisfaction rates have been growing steadily with time which leaves no doubt that this is a legitimate and authentic Forex broker.

If one has chosen the Bronze Account, then he has to invest anywhere between $250 and $1000 in order to fund his trading account. The Silver one requires from $1000 up to $3000 and for Gold users can place from $3000 up to $25,000.

One is free to make deposits and withdrawals using any of the following methods: credit and debit cards, NETELLER, Qiwi Wallet, OK Pay, Alipay, Bitcoins, and many others.

In short, this is how to get started with BinaryCent:

BinaryCent Broker Average Payouts

Users should keep in mind that the return on investment (RoI) rate of BinaryCent varies from one account type to the other and also depends on the initial deposit one is willing to make. It is an unwritten law in Forex that the higher the latter is – the bigger the profits, but everyone can anticipate solid daily earnings and hassle-free withdrawals with this online investment platform.

BinaryCent Platform Expected Price

Signing up for BinaryCent is free but if one wishes to achieve profits, everything depends on the account type one has chosen. The lowest possible sum is $250 and the highest is $3,000. It is proven that the Silver Account is the most popular one as it has the most stable success rates.

Is BinaryCent Broker Legit or Unreliable?

Even though the online brokerage platform is still awaiting its official CySEC approval, it should be approached as legit by the Internet trading community as it provides excellent conditions on the base of which users can amplify their earnings. Not to mention the fact that it has the lowest available initial deposit ratios.

The personal and financial data of users is kept safely secured by the means of 256-bit SSL encryption. All funds are kept in a European bank and there have been no negative user reviews, nor feedback. Traders can freely proceed to open accounts with it.

Review Verdict: BinaryCent is Not a Scam

BinaryCent Customer Support Service

This Forex broker offers multilingual customer support. Each team member passes through an exhaustive training program and users can rest assured that all of them are professionally trained. They have the ability to offer quality advice relating to a wide variety of financial topics.

“BinaryCent is an amazing Forex broker which provides excellent daily payouts and expedited withdrawals. I opened a Silver Account with the platform and I have had continuous success over the last couple of months. Anyone can achieve it, it is that easy!”

– Kosara Ichek, 37, Liberec, Czech Republic

“This Forex platform has many outstanding characteristics. Needless to say, as a person who has tested different systems and brokers since the very appearance of such profit-amplifying solutions. Most of them are scams, but not BinaryCent. It is a truly outstanding piece of software which is capable of giving amazing results and truly deserves its CySEC certificate!”

– Fricis Lapa, 53, Jelgava, Latvia

Conclusion

BinaryCent is a fully legit and genuine Forex broker. It features 256-bit SSL encryption and stores data in separate servers in order to ensure maximum security. Minimum deposit levels start from $250 which is a standard for the market. All the available testimonials and reviews suggest that many people have profited using this platform, so one can safely proceed to sign up.

Managed Binary Options Accounts | Forexing24

What is a Binary Options Account Manager?

Personal binary options account managers are used by the brokers as a way to attract and retain binary options traders. The benefit of a personal rep, someone who is there to take care of your account needs, answer your questions and help you get started is unquestionable. What is questionable is the lengths to which some account managers and brokers will go to get you to deposit more, and lose more.

I think it’s understood that they are there to sell you binary options and that’s OK. They can tell us all about trading and why this broker is the best but should they really be offering us tips, advice and signals. The manager works for the broker, the broker makes money when you lose so there is a clear conflict of interest in a manager helping you to win. The casinos don’t let the dealers help the players do they? You can’t ask him if you should hit, or split or double down can you? Then why is it OK for your manager to tell you what to trade?

To truly understand why and when a binary options account manager is a good or bad thing you have to understand what an account manager is there for. The manager is there to help you and monitor your account, not to trade for you. The manger should be there as a liaison between you and your platform. He or she should help you get signed up, they should help you with your documentation and identification, they should explain the bonus terms and conditions, make sure that you understand what the types of binary options are and how they work. They are not there to pressure you into making deposits, they should not be offering to trade your account, they should not be offering trading tips or suggesting you use a managed trading account. If they are there is something very wrong and you should rethink whether or not you have chosen a good broker.

What is a Binary Options Managed Account?

Often when you open an account with a binary options website, they will assign to you with a representative (=account manager) who will provide you with support, trade your account or offer you trade signals. I believe that letting such a “manager” trade your money is the biggest risk of all because these guys, no matter how much they try to sound like experienced traders, are (in most cases) actually sales men and women. They will give you trading tips and they will teach you how to invest… sort of… but you cannot teach something if you are not good at it, and usually these account managers are not good at trading but they will do everything in their power to sound like true veterans. Another part of the account manager’s job is to offer clients a product that’s supposed to “help” newbies. This product is the Binary Options Managed Account The broker or a dedicated robot will trade your account for you. Brokers advertise 10%-50% returns from daily to monthly, saying that all you need to do is invest and let them do the hard part of trading. It might sound good, but it isn’t because in reality you won’t get that kind of return. Sure, maybe they will give you some in the first weeks or months but in the long run a binary options account is not the way to go. Our opinion on the binary options managed account is: NO WAY! You should not let your broker or the house’s robot to trade for you! Brokers use this as sales tactics to get you invested.

As a side note I should mention there are two types of account managers: the one mentioned above is the first type and the second is a third party agent (not involved with the brokerage). We don’t really see the latter, but who knows what the future will bring. Maybe these 3rd party managers will be the ones to change the face of account managing. Although to be honest, I don’t see this coming. But what I do see coming – and this is already happening – is 3rd party binary options managed accounts. Here’s how it works: a 3rd party (company, signal service provider, etc.) claim they have a close-to-perfect trading robot or a team of experts, pro traders and whatnot. Then they try to convince you to allow their robot to trade your account. That software (or the so called team of experts) will be in control of your account, hence the term “binary options managed account”. Unless you have solid – let me say that again: solid proof of their performance, I would say stay away, especially if they are reluctant to give you clear information about how their robot works or how exactly will their team manage your binary options account.

It is a known fact that brokerages don’t like winning traders because those winnings come out of their pockets, so why would you believe that an account manager given to you by the brokerage will make his employer lose money? Or why would you believe that the brokerage will offer you a binary options managed account that actually makes you money and makes them lose money? Maybe there are brokerages and account managers who really want you to succeed… they can’t all be bad, but make sure you choose wisely. Do you know how experienced they really are? Do you know how careful they will be with your account? People have a tendency to care less when the thing they are handling or “managing” is not theirs so let me get back to my car story which I’ve started earlier:

What are types of Binary option managed accounts?

Often the brokerage is the Casino and the account manager is the dealer, so here’s another metaphor I like to use: let’s assume I’m in a casino, and I’m playing my hands against the house. The dealer represents the house, and he’s acting after you. Now you don’t know how to play jack, so the dealer offers you a deal: I’ll play your hands instead of you, and I guarantee you’ll make 20% of your investments. Well you’re happy, and you’re agreeing without asking questions. The game starts. You get a 9 and a King, you couldn’t be happier. Now the dealer plays your cards, but he decides it’s not enough, and is looking for 21. Oh man, the look on your face when the 5 came out. The house takes it all. Letting the broker to manage your account is a bad idea, and something you should be avoiding. The shadier the broker is, the more money you’ll probably lose with the managed account. Regulated AND Trusted brokers would not offer you managed account, and your account manager will not provide you tips. It’s all about you, and you’ve got the advantage over the house, so take it with both hands, learn to trade and keep in mind a few of the risks of managed binary options accounts:

Even experienced traders lose. That statement is as true as “The sun comes up every morning”. To always win in binary options, Forex, stocks, etc., you’ll have to know the future and if you know the future, you don’t need to manage binary options accounts. Something can go wrong with his strategy or market conditions can change drastically and the account can go south. Maybe he will recover the losses but maybe he won’t or maybe you will decide to stop before he can win your money back.

So far we assumed the guy in charge of your binary options managed account is well intentioned… but what if he wasn’t? I am sure you know how many scammers roam the Internet and the binary options industry. Every day I get junk emails from “millionaires” who want to share their secrets with me for a few bucks or even for free, if I join their “recommended” broker. I’m not saying that all account managers are scammers or that all managed accounts will lose money, but many of them boast their skills and present themselves as true market wizards when in fact they know less about trading than a guy who just finished our Trading Primary School.

Account Managers Are A Good Thing, Right?

Account managers can be a good thing for both the broker and the trader, don’t get me wrong. The broker needs them to help retain clients and get them to trade. The clients need them to answer questions, give help and provide support. In the end the result is the same for both, making sure clients are comfortable with trading, trading real money and using their broker. The manager should show you the ropes, and to give new traders a little push if they need it, but the line is crossed when they start to give out tips.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Before taking any tips, regardless of the source, you have to ask yourself, is this person qualified? It takes a certified investment adviser to provide trading or investment advice, not at all the same as being regulated as a broker. Without such certification it is illegal for brokers and account managers to give advice, provide tips or signals and especially to trade your account.

Why Are Account Managers So Annoying?

The problem is that there are no set standards among binary options brokers. The very term is confusing. A manager, by definition, should be able to “manage” your account or have some active role in your trading decisions. A change in status to account representative or liaison would be better. Along with that, regulation should include no tips or advice, the manager should be there for informational purposes only. You can ask them questions, use them for a reference and for educational purposes. They should be able to help you with account verification, making deposits and withdrawals but not to give you tips. If they want to tell you how to trade they should get licensed to be an adviser and look for a new job.

Account managers are a good thing but it depends on the broker and the manager you get. To be honest, I don’t know how far I would trust any trading website if there wasn’t someone I could talk to but like everything else in life, don’t believe everything they say just because they appear to be in a position of authority. The internet is full of scams, not just in binary options, so blindly trusting what some web page or so-called account manager says is not recommended in any situation.

The Bottom Line

No one cares more about your money than you and although trading is risky in all of its forms, I’d rather risk my money than letting others do it. We urge you to NOT let your “account manager” trade your account and to NOT invest in a binary options managed account. This is not the solution and, as Michael mentioned in his article Having an Account Manager is a Good Thing. Right? “a good broker will use the manager to help you trade by giving you tools and information or providing some support but they will not give you tips, advice or trade your account for you”. Learn to drive, accept guidance from others but NEVER let them touch the steering wheel and never let them manage your binary options account.

The way your account manager treats you is a great way to know if the broker is legit or not. A bad broker will use the manager to take advantage of you, get you to trade more, lose your money on the tips he gives you and then ask for more deposits. A good broker will use the manager to help you trade by giving you tools and information and providing some support but they will not give you tips, advice or trade your account for you. Education or accepting a little nudge in the right direction is one thing, accepting an account managers tips or letting them trade your account is a whole different ball game. The bottom line, you should be able to trust your manager for help without fear of pushy sales gimmicks or suggestions of larger deposits. If you can’t then I suggest you find a new broker.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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