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Binany online trading and investing platform review

BINANY

WHAT IS BINANY & WHAT DO YOU NEED TO KNOW ABOUT IT?

Today our team and I have decided to test a new platform for trading cryptocurrency and other assets, called Binany.

So, make yourself comfortable, cause in this article, we will take a closer look at the famous Binany platform.

Binany App

Binany App Download

Binany is an online binary options broker that has been created a long time ago and ever since it’s been well known in trading communities all around the globe.

With Binany app, you can trade on hundreds of different assets using a variety of instruments. The platform also provides you with the opportunity to invest in various types of markets as well.

The Binany platform is a popular platform for trading cryptocurrencies and other financial instruments, with over 65 million registered users worldwide, with millions in average monthly payments to users, dozens of millions of transactions on the platform, and literally, hundreds of millions in a monthly trade turnover.

The company operates in more than 200+ countries around the world, being the choice of both beginners and professionals in the world of trading.

Binany accepts traders from over two hundred countries around the world, including Argentina, Bangladesh, Bolivia, Botswana, Brazil, Cambodia, China, Colombia, Egypt, Ghana, India, Indonesia, Iran, Ireland, Jamaica, Japan, Korea, Nigeria, Germany, Kenya, Malaysia, Maldives, Macedonia, Mexico, Morocco, Namibia, Netherlands, New Zealand, Pakistan, Philippines, Saudi Arabia, Serbia, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, Turkey, UAE, Uganda, Ukraine, United Kingdom, Vietnam, Zambia, and Zimbabwe.

What Assets Can You Trade With Binany?

Binany App

Binany App Download

As one of the leading online brokerage companies, Binany has a wide variety of different assets and instruments available to trade on different markets such as stocks, currencies, cryptocurrencies, and even ETFs.

  • ETFs
  • Stocks
  • Currencies
  • Forex
  • Cryptocurrency

Trivia. What are ETFs?

Binany gives you the ability to trade CFDs on Exchange-Traded Funds, also referred to as ETFs. An ETF is where many different assets are combined into one basket in order to significantly reduce the risks of losing your money.

Cryptocurrency

Binany offers the ability to trade a huge number of different cryptocurrency pairs such as Ethereum, Bitcoin, XRP, ETH, BNB, Litecoin, Cardano, ZCash, TRON, Stellar, Solana, etc. You can expect great margin trading leverage and short selling options with quick deposits and easy withdrawals.

Binany Options

Isn't it a coincidence that the platform is called “Binany”?

It almost sounds like “Binary”, doesn’t it? Continuing the glorious tradition of its name, the company has been providing online binary options brokerage services since its foundation.

Binany App

Binany App Download

In this review, we will tell you about all the main nuances behind the Binany platform, starting with an overview of the trading platform and services/instruments available for trading on the platform and ending with registration and how to actually start trading.

Binany Interface

The Binany interface is extremely easy to learn and not overloaded with unnecessary information panels, unlike other similar platforms for online brokers (not pointing any fingers though!).

Binany Review

Binany Review

A simple and convenient chart on the main page for classic trading, which displays all the necessary information in the form of patterns and timeframes, which is very easy to learn and read, and do not forget that the entire interface (columns, menus, candles on the chart, displaying indicators) available for individual customization.

Binany Review

Binany Review

Binany app multi-platform quality

Binany Review

Binany Review

The Binany itself is a multi-platform trading application, that is, it is possible to use both Android / IOS applications and trade on the platform via browser, in the form of a web application.

Mobile applications are now overtaking desktop apps, at least in terms of popularity, since they are the most practical to use in comparison with their desktop counterparts.

Of course, Binany developers also had to follow this trend and the project team developed its own mobile application, both for IOS and Android. You can download application data from Appstore and PlayMarket, respectively.

By the way, for the review, we also tested mobile applications and we can say with confidence that they leave Binany's competitors almost no chance, due to the amazing speed and ease of use.

In terms of usability, the Binany mobile application is not much inferior to Binance Exchange or the mobile application from Kucoin or Bybit. Those who have at least once placed limit orders or traded futures on mobile applications have already got used to the interface since in Binany it is largely identical.

Various deposit/withdrawal methods

Deposits

The minimum deposit for opening a live trading account on the Binany platform is only $ 10, that is, in fact, trading on the platform is available to any novice (or not-so) trader.

Of course, you will need to go through preliminary verification to start trading, and it is also worth noting that the platform doesn’t charge any fees for depositing money into a trading account (got that, Binance??).

Binany Review

Binany Review

As for the ways to deposit money into the platform, here Binany offers many different ways to deposit money into your account including credit cards (Visa and Mastercard) and wire transfers.

Also, to deposit funds on the platform, the platform allows the use of electronic wallets such as Skrill, Maestro, WebMoney, Neteller, Cash U, and Moneybookers.

Binany App Review

Binany App Review

Withdrawing

Also, as in the case of depositing money on the platform, the minimum limit for withdrawing funds from the platform is also low and is only $ 2.

You just have to choose the withdrawal method (it is advisable to use the same method that you previously used for input) and wait a while for the system to process the request and the transaction to be executed.

However (again, as in the case of depositing funds to the platform) you will still need to go through basic verification in order to successfully withdraw funds, so prepare your credentials. By the way, usually, the verification process does not take much time, in the best case, you will have to wait only a couple of days.

Binany Login

Binany Review

Binany Review

How to open a trading account:

To trade on a demo account, you just need to select the appropriate option in the main menu, since registration is not required. What for? No real money is used on the demo account.

However, to open a live trading account, you will need to provide your email and phone number, and for full verification, you will also need to provide your personal data, as well as upload your identification documents and a photo.

Binany Review

Binany Review

The platform works very quickly, therefore, as a rule, you do not have to wait for a confirmation of verification for a long time, a maximum of 2-3 days.

Binany Demo Account

Also, as with most similar online brokerage platforms, Binany offers a demo account with a virtual deposit of $ 100,000 to practice your trading skills.

In reality, it is no different from a regular account, except that the money is virtual, due to which you’ll definitely be experiencing fewer emotions while coming up with your trading decisions.

Binany Login

Binany Login

We strongly recommend that you try trading on a demo account before moving on to real practice on a live trading account, especially if you are a rookie.

An additional bonus will be that to register on a demo account, you will not need a passport photo, or any kind of ID documents, or a bank statement. Just use your email to register and you can start practicing!

Bonus system of rewards and achievements

Binany provides its users with all kinds of bonuses & achievements, for example, a bonus for depositing a certain amount into your trading account, which allows you to significantly increase your trading volumes.

Bonuses can also be canceled or activated at any time convenient for you.

Customer Support Quality

The quality of a particular platform is largely determined by the quality of its support service, and in this regard, Binany app stands out significantly even among its more eminent colleagues, such as the Bitcoin Era, for example.

Firstly, the support service works around the clock and without technical issues. You can ask your question in a special chat and the currently available technical support agent will immediately answer your question and help you solve the problem.

Secondly, technical support is multilingual and is available not only in different languages but also in various forms, be it a call or a chat window.

Also, in addition to technical support, you can ask other traders for help - the program interface provides a chat for users.

What Conclusion We Came Up To

Binany is a proven online brokerage trading platform for trading Futures with huge leverages (if necessary), binary options, and derivatives trading, operating in over 200+ countries around the world and developed with leading finance and IT professionals.

After trading a little both on a demo account and on a live trading account, we came to the conclusion that the Binany platform is one of the most reliable and high-quality platforms for providing online broker services.

Among other things, the platform is extremely user-friendly, very flexible in terms of cross-platform and a variety of financial instruments.

Developers actively encourage the most successful and ambitious users, for this the authors of the project have developed a system for issuing bonuses for the best traders on the platform.

Binany Login

Is Binany safe?

We think that it's safe to say “yes”.

Based on our experience with the platform, we can confidently conclude that Binany is a reliable and proven online broker for trading over 300+ assets using a wide variety of instruments that can provide you with a regular income (with diligence and constant improvement of your trader qualification).

Multi-platform feature, speed of execution of transactions (without any delays), the presence of variability in the methods of depositing money into the trading account, the presence of indicators and other tools for thoughtful technical analysis, unique bonus options, and trading all kinds of leverages, a large friendly community of traders and qualified the work of technical support combined makes the Binany platform one of the best today.