Brokers  /  Binarycent

Binarycent

Severe risk
Marshall Islands · 5-10 years · since 2019-03-25 · Wave Makers LTD
Unregulated
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85
Severe risk
Scam Risk Scoremonitored · 2026-07-05
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

Across 22 recent Trustpilot reviews, 9% are 1–2 star. The single most common complaint is being unable to withdraw funds (7 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
United States15
Bangladesh1
Brazil1
Germany1
Canada1
Poland1

Real user reviews

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About Binarycent

Binarycent is a forex and CFD broker based in Marshall Islands, with records dating to 2019-03-25. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

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