Binary Capital Markets, also known as BCM, is a brokerage company operating from Cyprus. Its various interesting features range from numerous banking methods to ground-breaking trading interface with many different modes. While this does sound like a winning combination, there is one more feature that needs to be thoroughly analyzed – safety. This is why we had formed a team of trading experts and tasked them with conducting complex security tests. Now that we have the final results, we must say that we are truly surprised. What do you think? Is Binary Capital Markets BCM a scam or a completely legit broker? Stay with us and prepare to be amazed!
Is Binary Capital Markets BCM a Scam? | The Platform
The first feature that will surely show is Binary Capital Markets BCM a scam or not is the broker’s trading interface. Therefore, we’ll take a detailed look at the platform designed by Binary CM. It offers more than 70 different assets, carefully distributed into four categories. Furthermore, clients are able to choose between four different trading modes: One Touch, Classic, Long Term and 60 Seconds. Given the fact that each of them has its own rules and features, everyone should be able to find the mode that best suits their trading needs. The platform is based on the latest SpotOption software, so you know everything will go smoothly. SpotOption is the most popular trading platform at the moment, and this broker clearly shows why this is the case. More info on complete offer from this broker can be found in our Binary Capital Markets BCM Review 2016. As for the safety of it all, our experts have conducted a huge number of trades on this platform, and all of them were completed successfully. Simply put, we haven’t been able to find any traces of scam behavior during our time here. Therefore, we can proclaim this broker’s platform to be completely safe and legit. But what about other features, are they legit as well? Is Binary Capital Markets BCM a scam when it comes to banking methods? Keep reading and find out!
Is Binary Capital Markets BCM a Scam? | Deposit and withdrawal
Now that we’ve covered the trading platform, it’s time to review the banking methods this broker has to offer. This can surely tell us a lot about is Binary Capital Markets BCM a scam or not. Right from the start, we realized that this might be the broker’s strongest suit. There are many reasons why we can make that statement. First of all, a wide palette of funding methods is at your disposal. Ranging from standard bank wire transfer, through various electronic wallets, all the way to major credit cards, anyone can choose the method that suits them perfectly. In addition, all our transactions were completed swiftly, without any issues. Finally, there are no hidden fees associated with any kind of money transactions here, regardless if you’re making a Binary Capital Markets BCM Minimum Deposit or withdrawing your funds. As you can see, BCM operates transparently, so you can rest assured your money will reach its destination. But we still have some features that we have to analyze before the final verdict. When it comes to rules and regulations, is Binary Capital Markets BCM a scam broker? Is there any way of supervising the broker’s management? Stay with us and you’ll learn all you need to know!
Is Binary Capital Markets BCM a Scam? | Regulation and Compliance
Not a single scam test can be considered complete if it doesn’t check the broker’s regulation. As a company based in Cyprus, Binary CM is regulated by the country’s institution called CySEC. Its strict rules and laws are the backbone of legal framework that enables companies to conduct monetary operations in a legal way. The same applies to this broker as well. We are happy to say that BCM fully complies with CySEC regulations, since it is registered under the number 293/16. Aside from making the company legal for conducting business, regulation also defines other aspects like security and banking restrictions. A regulated broker is a trusted broker, so BCM passes this test instantly.
Additionally, regulation is also closely connected with a safety measure known as compliance. This directly affects users only on the first Binary Capital Markets BCM Withdrawal, as only verified accounts are able to complete the withdrawal requests. Compliance is implemented in order to ban identity theft and money laundering, ensuring ultimate safety of both personal and financial data. In order to verify their account, users have to provide some personal documents. The first one is a copy of personal ID card, while the other one is any kind of utility bill that contains client’s address. After these documents are checked and approved by the BCM support team, users are able to withdraw their earnings. As you can see, this broker really excels in the terms of regulation and compliance. Therefore, you can trade with them without having any concerns about your safety. They even have trained people standing by to help you with anything you need. Learn how to contact their support team in the next part of our Is Binary Capital Markets BCM a Scam article!
Is Binary Capital Markets BCM a Scam? | Contact
Finally, the last part of this test will reveal how users can contact the support team. Many scam brokers don’t even provide contact information of any kind. That means that there is literally no way to track them down once they steal your deposits. Fortunately, BCM has a great support team and you can contact them by e-mail, chat or phone. We contacted them through all available communication channels and our questions were always answered quickly and professionally. They will even help you with your Binary Capital Markets BCM Demo Account. Therefore, you don’t have to be afraid that you’ll be on your own at any time – these people will always be there for you.
Is Binary Capital Markets BCM a Scam? | Conclusion
After reviewing all vital features, we can give an honest answer to our main question – is Binary Capital Markets BCM a scam? Absolutely not. This broker offers a unique trading experience, and you can count on various banking options and a great support team to help you along the way. Also, since it is fully regulated, there is absolutely no trace of any illegal operations here. Therefore, we can honestly recommend this broker to both experienced traders and rookies. Go on, open a trading account right now and see why this broker is going to take the world of binary options by storm.