Reviewed by Shaun David
Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m the co-founder of CleaRank, and my hands-on approach shaped the CLEAR™ rating system behind our reviews. I test platforms myself and dig into the hidden risks and costs, so traders see the full picture before they commit their money. My background is in market analysis and algorithmic trading, and my goal is a level playing field for every trader. using our CLEAR™ Methodology The CLEAR™ Score (Credibility, Leverage, Execution, Accessibility, Regulation) is our proprietary ranking system. The CLEAR™ Score provides you with the most accurate and transparent broker ranking after evaluating all the key factors that are crucial for trading success. .
Last fact check on October 22, 2026 by
Michelle Sofia
Michelle Sofia
Market Analyst • Editorial Review
Michelle is the financial content architect and SEO market analyst at CleaRank, and the final editorial reviewer on every CleaRank publication. With a background in financial journalism and fintech reporting, she fact-checks each broker investigation for accuracy before it goes live.
BinaryCent Review 2026
BinaryCent is an offshore binary options broker currently operating as Wave Makers LTD, registered as Marshall Islands company number 103581 at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960. The historical operator on the original CFTC RED List filing was Cent Projects Ltd, Seychelles. The brand sits inside a Finance Group Corp umbrella that also operates IQCent, RaceOption, VideForex and BinaryMate as sister binary options brands, plus the Centobot auto-trading service that trades through the same cluster. BinaryCent holds no Tier-1 licence anywhere.
Two primary-source regulator filings frame everything that follows. The United States Commodity Futures Trading Commission added Binarycent (Cent Projects Ltd, Seychelles) to its Registration Deficient (RED) List on 4 December 2019, listing the type of offering as Binary Options. Portugal’s CMVM published a named warning on 16 February 2024 against Wave Makers LTD (Binarycent), recorded on the IOSCO I-SCAN portal as entry 28915 and republished by Norway’s Finanstilsynet on 23 February 2024. Belgium’s FSMA has separately told consumers not to respond to any offers from Binarycent (www.binarycent.com). Nearly seven years on, the original CFTC RED List entry has not been removed.
Our CLEAR investigation gave BinaryCent a Failed score of 0.25 / 5, placing it in the severe-risk band alongside MTrading and Plexytrade. The structural concern is the product itself. Retail binary options have been banned across the EU since 2018 (first by ESMA, then permanently by national regulators from 2019), by the FCA in the UK since 2019, by ASIC in Australia since 2021, and by the CSA in Canada. BinaryCent’s core product cannot be legally sold to retail clients in any major jurisdiction. Ahrefs data from 04 June 2026 shows 51.2 percent of all binarycent.com organic search traffic still comes from the United States, despite the footer disclaimer that explicitly states the operator is not registered and does not provide services on US territory. Verify any broker’s current risk status using the CLEARCheck Broker Risk Scanner.
Broker Alert
Failed CLEAR™ Score: 0.2/5
- CFTC RED List since 4 December 2019 (binary options)
- CMVM Portugal named warning 16 February 2024
- Retail binary options banned in EU, UK, AU, Canada
- 51.2% of US traffic despite explicit US disclaimer
- Marshall Islands entity; Finance Group Corp cluster
- Heavy crypto rail; 5-second expiry binary trades
Customer Support0.3
Regulation0.1
Trade Execution0.5
Reputation0.2
Withdraw Speed0.1
CLEAR™ Score0.25
Customer Support0.3
Regulation0.1
Trade Execution0.4
Reputation0.2
Withdraw Speed0.1
CLEAR™ Score0.2
Two Regulators On Public Record Against BinaryCent
Two primary-source regulator filings define the compliance ceiling for any conversation about BinaryCent. Both are public artifacts that name the brand directly. Both name the corporate operator alongside the brand name. And both remain on file as of October 2026.
CFTC RED List, 4 December 2019
The CFTC RED List is the United States Commodity Futures Trading Commission’s public list of foreign entities soliciting US customers without registration. The Binarycent entry was added 4 December 2019. The CFTC names the owner-operator as Cent Projects Ltd, gives the origin as Seychelles, and lists the type of offering as Binary Options. Nearly seven years on, the entry has not been removed and the operator has not registered with the CFTC.
CMVM Portugal Public Warning, 16 February 2024
Portugal’s CMVM published a named warning on 16 February 2024 stating that Wave Makers LTD (Binarycent) is not authorised to carry out financial intermediation in Portugal. The IOSCO I-SCAN portal carries the entity as entry #28915, and Norway’s Finanstilsynet republished the warning on 23 February 2024. Belgium’s FSMA has also named Binarycent (www.binarycent.com) in a list of fraudulent online trading platforms and strongly advises consumers not to respond to its offers. New Zealand’s FMA has a separate warning naming Finance Group Corp and Cent Projects Ltd as operators of BinaryCent.com.
Wave Makers LTD, Cent Projects Ltd, and the Finance Group Corp stack
The corporate paperwork behind the BinaryCent brand has moved across two offshore jurisdictions while remaining inside the same umbrella group. The current footer names Wave Makers LTD, Marshall Islands registration number 103581, at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960. The CFTC RED List filing from 2019 names the operator as Cent Projects Ltd, Seychelles. Public filings tie both entity names to the same umbrella, Finance Group Corp, which also runs IQCent, RaceOption, VideForex and BinaryMate as sister binary options brands. The Centobot auto-trading service is designed specifically to trade through this cluster. Neither the Marshall Islands Registrar of Corporations nor the Seychelles FSA issues a retail binary options authorisation. No Tier-1 retail binary options licence exists in any major jurisdiction because retail binary options are banned in the EU, UK, Australia and Canada.
BinaryCent: Wave Makers LTD + the Finance Group Corp stack
A binary options operator on the CFTC RED List since 2019 (originally Cent Projects Ltd, Seychelles), now operating as Wave Makers LTD from the Marshall Islands. CMVM Portugal warning February 2024. Retail binary options banned in the EU, UK, Australia, and Canada.
A Marshall Islands current entity, a Seychelles CFTC-listed legacy entity, an umbrella group with at least five sister binary-options brands, and a product line banned in every major retail jurisdiction.
Wave Makers LTD
Current entity per the binarycent.com footer. Trust Company Complex, Ajeltake Road, Ajeltake Island, MH96960. The Marshall Islands does not regulate retail binary options or forex CFD activity.
No real licenceCent Projects Ltd
Entity named on the CFTC RED List entry of 4 December 2019. Origin: Seychelles. Type of offering: Binary Options. The RED List entry has not been removed.
RED-listed 2019Finance Group Corp stack
Sister brands sharing the same platform stack: IQCent, RaceOption, VideForex, BinaryMate. Centobot auto-trading service designed to trade through this cluster. One operator group, multiple front brands.
Multi-brand clusterRetail binary options
Retail binary options have been permanently banned by ESMA across the EU (2019), by the FCA in the UK (2019), by ASIC in Australia (2021), and by the CSA in Canada. The product itself is prohibited in every major retail jurisdiction.
Prohibited retailRetail traders inside a banned-product funnel
The binarycent.com footer explicitly states the operator is not registered and does not provide services on US territory. Ahrefs data from 04 June 2026 shows 51.2 percent of all organic search traffic comes from the United States. Every other top traffic source is also a banned-binary-options jurisdiction.
Ahrefs Audit: A US-Heavy Traffic Mix Despite An Explicit US Disclaimer
Live data from the Ahrefs API for binarycent.com on 04 June 2026: Domain Rating 56, 36,858 live backlinks across 938 referring domains, 18 ranking organic keywords with 11 in the top three positions, 1,266 organic monthly visits, and no paid traffic. The DR-versus-keyword ratio and the all-time backlinks figure of 24 million are unusually skewed for an 18-keyword domain, consistent with heavy link velocity manipulation across a multi-year history.
Country breakdown of those 1,266 organic monthly visits: United States 648 (CFTC RED-listed since 2019; binary options banned; 51.2 percent of all traffic), Canada 180 (CSA binary options ban), India 53 (SEBI restrictions), Brazil 53 (CVM not authorised), Paraguay 43, United Kingdom 41 (FCA binary options ban since 2019), Australia 34 (ASIC binary options ban since 2021), Germany 27 (BaFin ESMA binary options ban), Russia 25 (sanctioned retail FX), Spain 22 (CNMV ESMA ban), Italy 17 (CONSOB binary options ban), Argentina 14 (CNV not authorised), South Africa 12 (FSCA unauthorised), Netherlands 8 (AFM binary options ban since 2019), Colombia 7. Every single top traffic source is a jurisdiction where retail binary options are either banned outright or where the operator is publicly warning-listed.
The Smoking Gun: An Explicit US Disclaimer Paired With 51 Percent US Traffic
The binarycent.com footer reads verbatim: Binarycent nor its agents or partners are not registered and do not provide any services on the USA territory. Ahrefs data on 04 June 2026 shows 51.2 percent of all binarycent.com organic search traffic comes from the United States. The CFTC has had the operator under its historical name on the RED List since 4 December 2019. The contradiction is direct, documented in primary sources, and unresolved for more than six years.
Pro Tip from CleaRank: Treat any broker whose country-level traffic contradicts its own restriction policy as if it has already failed regulation. CLEAR-certified Tier-1 brokers like IC Markets, Fusion Markets or Darwinex use real IP-blocking and KYC gates to enforce country restrictions because their Tier-1 licences require it.
Payment Rails: Card, Wire, And Ten Crypto Logos
BinaryCent accepts deposits via Visa, Mastercard, JCB and American Express cards (with a historic 5 percent card-deposit fee), bank wire, and ten visible cryptocurrency rails including Bitcoin, Ethereum and Litecoin. E-wallets accepted include Neteller, Skrill, Perfect Money and WebMoney. The unusually heavy crypto weighting against the card rail is a structural concern: crypto deposits are non-reversible, while card deposits carry the Visa or Mastercard chargeback path that lets a retail client recover funds. Combined with a USD 250 account minimum (up from the historic USD 20 to USD 100 floor) and orders advertised from 0.01 cent, with leverage of up to 1:500 and payouts of “up to 98% in 5 seconds”, the rail architecture is built for high-volume micro-deposit binary options activity that the regulator-flagged jurisdictions have banned at the retail level.
Smart Pro Tip: If a broker only accepts crypto, mobile wallets, or local rails outside the Visa or Mastercard network, that is a structural sign the operator is trying to evade chargeback protection. Stick to Tier-1 brokers that take SEPA, Faster Payments, Visa, or Mastercard, and verify them with the CleaRank Broker Risk Scanner before depositing.
Customer Complaints: Withdrawal-Block Reports Across Multiple Years
The complaint record on BinaryCent is documented across Forex Peace Army, WikiFX, and independent broker-review platforms. Specific publicly posted cases include a withdrawal request of approximately USD 3,500 pending more than three months with no payout, a request dated 28 February 2025 stalled with only automated responses, a withdrawal requested 11 November 2024 and video-verified yet still not received by 23 December 2024, and a separate case with a withdrawal pending more than six months. The pattern across multiple cases: instant deposit acceptance, looped in-queue and technical-update messages on withdrawal, repeated ID re-verification cycles using passport, selfie, video and phone confirmation to extend the timeline, then silent cancellation. Bonus terms-and-conditions clauses are the most commonly cited stated reason for blocked withdrawals.
Action Steps If You Are Already a BinaryCent Customer
Stop depositing immediately. Do not add another cent regardless of any bonus or recovery promise.
Preserve every record. Save deposit transaction hashes, MetaTrader account statements, chat logs, KYC submissions, every email and every screenshot.
File a chargeback fast if you deposited by Visa or Mastercard. The dispute window is typically 120 to 180 days from the deposit date.
Report the firm. UK: FCA Report an unauthorised firm. US: CFTC SmartCheck. Canada: Ontario Securities Commission. EU: your national regulator and ESMA.
Avoid recovery offers. Anyone offering guaranteed fund recovery for an up-front fee is a second-layer concern. Legitimate chargeback and regulator-complaint paths do not require an up-front fee.
Our Verdict for BinaryCent
BinaryCent’s 0.25 / 5 CLEAR Score reflects an operator on the CFTC RED List since December 2019, on the CMVM Portugal public warning since February 2024, on the FSMA Belgium list of fraudulent trading platforms, and on an FMA New Zealand warning, selling a product that is banned at the retail level in the EU, UK, Australia and Canada. Wave Makers LTD (Marshall Islands #103581) current entity. Cent Projects Ltd (Seychelles) original CFTC-listed entity. Finance Group Corp umbrella with at least four sister binary options brands. 51 percent of organic search traffic from the United States despite an explicit footer disclaimer. Orders from 0.01 cent. Heavy crypto deposit rail.
Avoid BinaryCent. For real ECN execution under a Tier-1 regulator, use a CLEAR-certified broker such as IC Markets (ASIC), Fusion Markets (ASIC), or Darwinex (FCA). Verify any broker through the CleaRank Broker Risk Scanner before depositing.
BinaryCent FAQs
Is BinaryCent regulated?
No. BinaryCent holds no Tier-1 licence anywhere. The CFTC added the operator under its original Seychelles entity name (Cent Projects Ltd) to the public RED List on 4 December 2019. Portugal’s CMVM published a named warning against Wave Makers LTD (Binarycent) on 16 February 2024, and Belgium’s FSMA lists Binarycent as a fraudulent online trading platform. The retail binary options product itself is banned by ESMA, the FCA, ASIC and the CSA.
Who operates BinaryCent?
Two entities. The current binarycent.com footer names Wave Makers LTD, Marshall Islands registration number 103581, at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960. The historical CFTC RED List entry from 2019 names Cent Projects Ltd, Seychelles. Both sit inside the Finance Group Corp umbrella, which also operates IQCent, RaceOption, VideForex and BinaryMate as sister brands.
Why are retail binary options banned in so many countries?
Tier-1 regulators including ESMA (EU), the FCA (UK), ASIC (Australia) and the CSA (Canada) concluded after multi-year studies that retail binary options consistently produced net losses for retail clients, with structural conflicts of interest between the operator and the client. ESMA’s temporary EU-wide ban from July 2018 was replaced in 2019 by permanent national bans adopted by EU regulators. The FCA implemented a permanent UK ban in April 2019. ASIC’s product intervention 21-064MR took effect 3 May 2021 and was extended. The CSA banned the product across Canada.
What is the Finance Group Corp cluster?
Finance Group Corp is the umbrella group behind BinaryCent. Sister brands sharing the same platform stack include IQCent, RaceOption, VideForex and BinaryMate. The Centobot auto-trading service is designed specifically to trade through this cluster. Multiple front brands sharing one operator stack is a structural pattern common to offshore binary options operators.
Is BinaryCent safe?
No. With a 0.25 / 5 CLEAR Score, a CFTC RED List entry that has not been removed for over six years, a CMVM Portugal named warning, an FSMA Belgium fraud warning, and a product banned at the retail level in the EU, UK, Australia and Canada, trading with BinaryCent means accepting zero investor protection and operating in a structural environment with no functional recourse if funds are blocked.
Can I withdraw funds from BinaryCent?
Forex Peace Army and independent broker-review platforms document specific cases: a USD 3,500 withdrawal pending over three months, a 28 February 2025 case stalled with automated responses, an 11 November 2024 video-verified withdrawal still unreceived by 23 December 2024, and a separate case with a withdrawal pending more than six months. The pattern across cases is consistent.
Does BinaryCent accept US clients?
The binarycent.com footer reads verbatim that Binarycent and its agents or partners are not registered and do not provide any services on the USA territory. In practice, Ahrefs data from 04 June 2026 shows the United States accounts for 51.2 percent of all BinaryCent organic search traffic. The CFTC has listed the operator on its RED List since 4 December 2019 as a foreign entity that appears to be soliciting or accepting US customers without the required registration.
Disclaimer: This review documents the regulatory and compliance risks of an unregulated broker and is not financial advice. Always verify a broker’s licenses and seek professional guidance before trading.
Shaun David
I’m the co-founder of CleaRank. I’ve spent most of my life studying finance, from analyzing market trends to spotting early adoption in the crypto industry, and I’ve learned that markets move on the psychology and sentiment of the crowd as much as on the numbers. Over my career I’ve built trading algorithms, managed long-term investment portfolios and helped traders avoid shady brokers before they knew they were at risk. Today I write market analysis on stocks, ETFs, forex and crypto, with a focus on AI infrastructure and the companies behind it.